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Trading System Using Relative Strength-Part 2

  • #1,201
  • Nov 4, 2008 10:59am Nov 4, 2008 10:59am
Quoting LuboLabo
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
Correct. The original indicator calculates the last two closed bars. Yours is calculating current and last closed, right?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,202
  • Nov 4, 2008 11:06am Nov 4, 2008 11:06am
Quoting matrixebiz
Correct. The original indicator calculates the last two closed bars. Yours is calculating current and last closed, right?
No this one only show the current value of ma.
U can change the indicator id and the Timeframe to have more indicators with more timeframes in the same windows.

Lubo.

Ps. as soon as possible i will attach the indicator according to your request.
If I know how, I tell You!! Few but Good!!
  • #1,203
  • Nov 4, 2008 11:13am Nov 4, 2008 11:13am
string Version = "CCFpEA v1.2 (Build: Nov 4, 2008)";

Additional parameter
BarStart = 1; this affect how CCFp is calculated. Original strategy is using bar 1 and 2. If you want CCFp calculated in real time then change it to 0. By changing this to 0 it will also affect how EA would trade the signal.

When you change BarStart to 0 then this additional parameter will be usefull. Because signal will change from time to time, so you need to set when EA should trade.
MinutesDelayStart = 3;
MinutesDelayEnd = 8;
EA will trade during this period only.

Also fix how EA generate the signal.
Attached File(s)
File Type: ex4 CCFpEA.ex4   63 KB | 742 downloads
  • #1,204
  • Edited 11:35am Nov 4, 2008 11:14am | Edited 11:35am
Quoting LuboLabo
No this one only show the current value of ma.
U can change the indicator id and the Timeframe to have more indicators with more timeframes in the same windows.

Lubo.

Ps. as soon as possible i will attach the indicator according to your request.
Oh, ok, so how does your indicator know whether it's a positive number or negative if it is only checking the current bar? I thought the way the Original CCFp indicator calculates this is by comparing the MA of the last two bars and if USD went up then it is positive regardless of it's location with the Zero line beccuse this still shows USD gaining strength. The Zero reference line doesn't mean anything to the original indicator. Maybe I mis-understood. If USD is above Zero that doesn't mean it is positive. Is that what your indicator is checking/using the Zero line as refference?

EDIT: This the way I thought ES Trader calculated whether the currency is a Positive or Negative

Quote from original thread (Zero line is not used as a reference) ;
"ES Trader
Member
Member Since Oct 2007
Posts: 434


http://www.forexfactory.com/images/icons/icon1.gif Trading system using relative strength
I have been testing out a simple syatem almost exclusively looking at price action with fairely good results.This is how it is done:

1.Open any chart with 4 hr bar
2.add CCfp Indicator.
3. look for differences of each currency on the data menu of the LAST TWO 4hr bar.
4 Open the postion 5-10 minutes after the new bar has opened

The account has grown pretty good with alsmost no loss so far in the last one month.

This is so simple it must be easy to create an EA or indicator for this system.
I will soon put up the chart and indicator here.
Thanks
Kris"
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,205
  • Edited 3:25pm Nov 4, 2008 11:54am | Edited 3:25pm
Quoting matrixebiz
Oh, ok, so how does your indicator know whether it's a positive number or negative if it is only checking the current bar? I thought the way the Original CCFp indicator calculates this is by comparing the MA of the last two bars and if USD went up then it is positive regardless of it's location with the Zero line beccuse this still shows USD gaining strength. The Zero reference line doesn't mean anything to the original indicator. Maybe I mis-understood. If USD is above Zero that doesn't mean it is positive. Is that what your indicator is checking/using the Zero line as refference?

EDIT: This the way I thought ES Trader calculated whether the currency is a Positive or Negative
I think you have misunderstood.
The original indicator original CCFp shows how move the currency lines of ma move than the zero line, and in the last pages of posts, others are looking for a strategy based on the original indicator.

I enclose here the indicator with 3 values.
The first is the ma, the second the difference between the current bar and just closed and, the last between the last two bars closed.

Lubo
Attached File(s)
File Type: ex4 CCFp_v1.0.2-level_diff-MTF.ex4   26 KB | 832 downloads
If I know how, I tell You!! Few but Good!!
  • #1,206
  • Nov 4, 2008 12:26pm Nov 4, 2008 12:26pm
Quoting LuboLabo
I think you have misunderstood.
The original indicator original CCFp shows how move the currency lines of ma move than the zero line, and in the last pages of posts, others are looking for a strategy based on the original indicator.

I enclose here the indicator with 3 values.
The first is the ma, the second the difference between the current bar and just closed and, the last between the last two bars closed.

Lubo
Ok, because if you look at my pic you'll see differences in the two indicators. The Original indicator calculation shows the difference of NZD (Difference in the MA values of the last two bars) NZD gaining in strength + which my EA is based on.
Your indicator showing NZD as being weak - which I guess the new system is based on. If I create an EA on the new system I'll have to use your indicator. I might be getting confused on the calculations.
Attached Image
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,207
  • Nov 4, 2008 12:37pm Nov 4, 2008 12:37pm
You guy are going 100mph with this

but just checking on FXDD I have had not one single trade yet today
level 2 checking 4 hr and 1 day
yesterday made 500 -600 today not even an oppertunity

Any one else seeing the same

Really interested in this new devolupment but there seams to be some confussion about WHEN (TF) Where (indicators ) how (both + both - long/short)
Trying with my dryclean fluid soaked head to absorb this new twist that could be on to something
  • #1,208
  • Nov 4, 2008 12:38pm Nov 4, 2008 12:38pm
This ea trade strongest curr against weakest.
It is based on x metter, and it will trade any pair.........
I know that this is off topic, but maybe someone can use this
as a template for the ccfp ea that can trade any pair.
Regards
Attached File(s)
File Type: mq4 _xMeter_mini_Trader_v31.mq4   27 KB | 937 downloads
forexflash
  • #1,209
  • Nov 4, 2008 12:39pm Nov 4, 2008 12:39pm
Another trade in Green
Attached Image (click to enlarge)
Click to Enlarge Name: 37.gif Size: 44 KB
  • #1,210
  • Nov 4, 2008 12:58pm Nov 4, 2008 12:58pm
Quoting ES Trader
Another trade in Green
Ok, Looks like your using the Original (Last two bar MA diff calculation) not the new indicator (Current bar calculation). GBP is Negative on original 4Hbut is Positive on new indicator 4H. Changed to 4H bars (Previous pic of mine is on 1H)
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,211
  • Nov 4, 2008 1:00pm Nov 4, 2008 1:00pm
Hi Hari, I'm assuming you are using CCFp_v1.0.2-level_MTF.ex4.
I hope you don't mind the questions.

On what TF are you using the indicator?
What are the indicator settings? Default?

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
  • #1,212
  • Nov 4, 2008 1:18pm Nov 4, 2008 1:18pm
HI SHIVA

TF 240

Default

Now I attached the latest which is MA,Two Bar closed and last bar closed
with current running bar
  • #1,213
  • Nov 4, 2008 1:29pm Nov 4, 2008 1:29pm
Thanks!
Quoting harigp
HI SHIVA

TF 240

Default

Now I attached the latest which is MA,Two Bar closed and last bar closed
with current running bar
  • #1,214
  • Nov 4, 2008 2:25pm Nov 4, 2008 2:25pm
Quoting ydaudw
string Version = \"CCFpEA v1.2 (Build: Nov 4, 2008)\";

Additional parameter
BarStart = 1; this affect how CCFp is calculated. Original strategy is using bar 1 and 2. If you want CCFp calculated in real time then change it to 0. By changing this to 0 it will also affect how EA would trade the signal.

When you change BarStart to 0 then this additional parameter will be usefull. Because signal will change from time to time, so you need to set when EA should trade.
MinutesDelayStart = 3;
MinutesDelayEnd = 8;
EA will trade during this period only.

Also fix how EA generate the signal.
Hi ydaudw,

How can I disable your Money Management with fixed lots in your EA?
  • #1,215
  • Nov 4, 2008 2:49pm Nov 4, 2008 2:49pm
Another trade in Positive pips
Attached Image (click to enlarge)
Click to Enlarge Name: 38.gif Size: 58 KB
  • #1,216
  • Nov 4, 2008 2:51pm Nov 4, 2008 2:51pm
Quoting FOREXflash
This ea trade strongest curr against weakest.
It is based on x metter, and it will trade any pair.........
I know that this is off topic, but maybe someone can use this
as a template for the ccfp ea that can trade any pair.
Regards
Forexflash,
Is this an indicator/indicator or template I tried putting them in all and nothing seem to happen
kris
  • #1,217
  • Nov 4, 2008 2:52pm Nov 4, 2008 2:52pm
I mean is this an EA. Even as an EA I can,t seem to download
kris
  • #1,218
  • Nov 4, 2008 2:59pm Nov 4, 2008 2:59pm
Matrixbiz,
I have a request. Hope I am not making you work too much here for free

To try this new method is it possible to just make a change on the preset EA of yours , so that pairs that are +ve will be bought and vice versa. You can leave all the other criteria same except NO reversals. This would help everyone here give a try out with this method at least for whole week.

thanks
Kris
  • #1,219
  • Nov 4, 2008 3:03pm Nov 4, 2008 3:03pm
Quoting ES Trader
Another trade in Positive pips
Just wondering why you didn't trade any negative pairs like USD/JPY?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,220
  • Nov 4, 2008 3:12pm Nov 4, 2008 3:12pm
Quoting matrixebiz
Just wondering why you didn't trade any negative pairs like USD/JPY?
I did. it is line 6 on the terminal
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