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Trading System Using Relative Strength-Part 2

  • #1,181
  • Nov 4, 2008 8:40am Nov 4, 2008 8:40am
Quoting ydaudw
I'm not sure what you are trying to say. Those are different pair? If there are new signal next 4H then EA will open new position.

Let say: Now we got Buy signal on EURUSD, what happen on the next 4H:
- If signal on EURUSD is disappear from the list then EA do nothing
- If Sell signal on EURUSD then EA will close current Buy and Open Sell position.

Hopes this clarify?
Ahh, ok, got it. Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,182
  • Nov 4, 2008 8:42am Nov 4, 2008 8:42am
Another trade. Lets see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: 35.gif Size: 42 KB
  • #1,183
  • Nov 4, 2008 8:45am Nov 4, 2008 8:45am
Quoting Kang_Gun
Kris, i understand what you are doing.
But did you check the index value for both currency? You said that when EUR and USD positive you go LONG, actualy you can do that IF the EUR index value is higher than USD but if EUR index value lower than USD you should go SHORT. When both EUR & USD are positive or negative it's mean continuation movements, and the direction will follow the currency which have the highest index value. Hope it's clear... For the best trade if you wanna do a single pair, just trade pairs that give you the highest and the lowest index value. Lets say USD is the highest and GBP is the lowest so you open SELL GBPUSD. Why, because the high index value means the currency is strong...
I am little confused by "index Value"
Is it same as + or _ on ccfp
thanks
kris
  • #1,184
  • Nov 4, 2008 8:53am Nov 4, 2008 8:53am
@ KG and Kris – I’m confused now on your system you’re trying out
So what you’re doing is comparing 5 different Timeframes then are you checking for the currency that is positive on all 5 and the one that is negative for all five then placing your trade based on that? still comparing the MA’s on the last two bars, correct? Do you reverse trade that match since price for those will probably start reversing soon? Please clarify the new method. I’ve been busy with my EA based on the original system which will release over the next few days. Then I can look at your new system Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,185
  • Nov 4, 2008 8:56am Nov 4, 2008 8:56am
Quoting ES Trader
I am little confused by \"index Value\"
Is it same as + or _ on ccfp
thanks
kris
OK... it's different, the "+" and "-" are calculated base on previous and current index value of each currency, and i think you use the original one. So it means on your CCFp the "+" and "-" are calculated base on the first and the second candle after current candle. If you look at your CCFp indicator, on the top there are 8 values, those are the current index value.

KG
  • #1,186
  • Edited 3:15pm Nov 4, 2008 9:13am | Edited 3:15pm
I have attached here MTF version of the CCFp.
I hope you enjoy.

Lubo
Attached File(s)
File Type: ex4 CCFp_v1.0.2-level_MTF.ex4   24 KB | 961 downloads
If I know how, I tell You!! Few but Good!!
  • #1,187
  • Nov 4, 2008 9:15am Nov 4, 2008 9:15am
Quoting matrixebiz
@ KG and Kris – I’m confused now on your system you’re trying out
So what you’re doing is comparing 5 different Timeframes then are you checking for the currency that is positive on all 5 and the one that is negative for all five then placing your trade based on that? still comparing the MA’s on the last two bars, correct? Do you reverse trade that match since price for those will probably start reversing soon? Please clarify the new method. I’ve been busy with my EA based on the original system which will release over the next few days. Then I can look at your new system Thank you
Yes, As far as My present method is concerned every thing remains same as before EXCEPT combining positive currencies to form a pair to go Long and vive versa.
Thanks
  • #1,188
  • Nov 4, 2008 9:17am Nov 4, 2008 9:17am
Matrix. I am sorry I did not read your entire post.
No I dont have any REVERSE in this method
Kris
  • #1,189
  • Nov 4, 2008 9:19am Nov 4, 2008 9:19am
Quoting LuboLabo
I have attached here MTF version of the CCFp.
I hope you enjoy.

Lubo
So with this indi, to get its + or - it's comparing current and current + 1?
Can you have an option to compare current+1 and current+2 if I want please? like the original. Nice to have the MTF though
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,190
  • Nov 4, 2008 9:53am Nov 4, 2008 9:53am
Trade baed on Index
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 29 KB
  • #1,191
  • Nov 4, 2008 10:03am Nov 4, 2008 10:03am
This is super the profit comes very fast

how about the development of index
  • #1,192
  • Nov 4, 2008 10:08am Nov 4, 2008 10:08am
second contract
  • #1,193
  • Nov 4, 2008 10:12am Nov 4, 2008 10:12am
Quoting harigp
Trade baed on Index
So your trading on open of current bar, checking the Highest and Lowest indexes (Biggest difference) and trading the pair that match positives and Negatives? am I getting it right? Are you checking multiple Timeframes?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,194
  • Nov 4, 2008 10:18am Nov 4, 2008 10:18am
This is simply super

What I have done

Say

US$ +100
Ad +200
GB +50
Chf -20

JPY -100

Long AD/US, Long AD/GB ( Buy the more plus and sell the less +)

Buy US$ and sell JPY, Buy US$ and sell JPY

The profit comes with in minutes

I am exited even to write this
  • #1,195
  • Nov 4, 2008 10:24am Nov 4, 2008 10:24am
Quoting harigp
Trade baed on Index
why buy usd/jpy and sell usd/chf ?? i'm using fxdd as well and the usd is higher then the chf. or am i missing something.
  • #1,196
  • Nov 4, 2008 10:25am Nov 4, 2008 10:25am
Quoting harigp
This is simply super

What I have done

Say

US$ +100
Ad +200
GB +50
Chf -20

JPY -100

Long AD/US, Long AD/GB ( Buy the more plus and sell the less +)

Buy US$ and sell JPY, Buy US$ and sell JPY

The profit comes with in minutes

I am exited even to write this
Harigp, which indicator do you use? do you open trade on new 4 hour bar? Thank you
  • #1,197
  • Nov 4, 2008 10:33am Nov 4, 2008 10:33am
The indicator posted by lobo just above the post

I just started the trade to see how it is but I will be trading on 4 hour close
as suggested by es


US$ -100

Chf -50

Between the minus currency chf is better than us so sell US/CHF
  • #1,198
  • Nov 4, 2008 10:39am Nov 4, 2008 10:39am
Just making one more post for other members to understand the concept
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 30 KB
  • #1,199
  • Nov 4, 2008 10:49am Nov 4, 2008 10:49am
So, if when the 4H bar comes to an end and my values are as in the pic, I could trade USD/JPY Short and AUD/NZD Long on the opening of the New 4H bar? USD and JPY are the Lowest - and AUD and NZD are the Highest +
Attached Image
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,200
  • Nov 4, 2008 10:54am Nov 4, 2008 10:54am
Quoting matrixebiz
So with this indi, to get its + or - it's comparing current and current + 1?
Can you have an option to compare current+1 and current+2 if I want please? like the original. Nice to have the MTF though
Thanks
I do not know if I understood correctly.
U want the indicator shows the difference between the ma of current bar and the last bar closed, then the difference between the last two bars closed?

Lubo
If I know how, I tell You!! Few but Good!!
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