Trading System Using Relative Strength-Part 2

Quoting maxreturn

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I take it by the silence that interest in this methodology has died. Must not be profitable.

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Quoting FerruFx

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Try it and you might have another conclusion ...

As Steve said, when a system has reached the point where no need to add more improvement, people trade it and stop posting !

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Quoting harry_tn

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Hi FerruFx,

Your Indicator CCFp-Diff_[v2.0].ex4 coded is awesome. Is there any help to shift USD/CAD/JPY on the Display Histogram closed at a side?

Yours kind help is appreciated.

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Quoting SteveHopwood

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For what it is worth, here is what I am doing live: CCFp-Diff set to Trade_Level 2; I try to catch the trades at gmt 8.00, 12.00, 16.00, 20.00, although I often miss some; I allow my own management ea to calculate the basket tp; no direct stop loss - the ea shuts the position after 210 minutes.

Trade_level 2 filters out a lot of 'noise' and often results in no trades, as I do not take out a basket of less than 4 trades. I see no reason to not use the indi for individual trades - just that I don't, yet.

On demo yesterday, I started experimenting...

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Quoting Lenoxer

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[left]Dear Thread,

Basket trading is indeed intriguing---not having to manage each individual trade, not suffering from noise, not having to get involved with all the usual blah blah blah TA
[font=Times New Roman][size=3]stuff. And, as we've all seen, it also highly dangerous: all those trades, spreads, DDs, and even on low leverage. So, do you take FerruFX's great indicator and go with-trend or do you reverse the signals? Both will work at various times depending...

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Quoting Lenoxer

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Dear FerruFX,

Since the explanation is buried in the thread and I don't know where it is to be found, can you please remind me of the logic of the Trade_Level in the indicator and how that avoids ranging markets? I'm sorry to bother you for this. But thank you in advance.

Lenoxer

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Quoting Hyper

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In the histogram levels, it appears that the Weekly and Monthly values are always around 10, whereas the lower time frame (H1 to M1) values are always around 1.

Higher time frames will output large values from the CCFp indicator, and lower time frames will output very small values. This would make it difficult to differentiate between the levels in the low time frames because the moves are small, and in the high time frames because the moves are large.

So it may be a better idea to scale or "normalize" the values you get from the CCFp indicator...

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Quoting COTtrader

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FerruFx,

Can your indie be set for the 1 min TF?

Thanks.

Ken

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Quoting Kang_Gun

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Yes.. you can use any TF. Just go to property and in the input there is TimeFrame input. Just set to 1 and the indicator will read M1.

Regards,

KG

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Quoting FerruFx

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Yes exactly. thanks again KG for your rapidity to answer. I am so busy !!!

A nice week-end to all.

FerruFx

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Quoting johndata

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Hi Ferru. Thanks for the excellent indicators. But i think it would be better to give only the first signal. For example if you have eurusd 4hour and the trend is up, the indicator gives signals every 4 hours for all the time the pair goes up. So the indicator will give signals and just before the trend reverse and we lose. So i think it would be better to have only the first signal after the trend reverses. Especially with the mtf indicator we can catch big trends from their beginning.
If you can do that, thanks a lot, if you don't want please...

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extern int Max_Spread_Allowed = 11;

   if (StringLen(Symbol()) == 7){AddChar = StringSubstr(Symbol(), 6, 1);}
   
int    spreadEURUSD=MarketInfo("EURUSD" + AddChar,MODE_SPREAD);
int    spreadCHFJPY=MarketInfo("CHFJPY" + AddChar,MODE_SPREAD);
int    spreadUSDJPY=MarketInfo("USDJPY" + AddChar,MODE_SPREAD);
int    spreadGBPUSD=MarketInfo("GBPUSD" + AddChar,MODE_SPREAD);
int    spreadUSDCHF=MarketInfo("USDCHF" + AddChar,MODE_SPREAD);
int    spreadUSDCAD=MarketInfo("USDCAD" + AddChar,MODE_SPREAD);
int    spreadAUDUSD=MarketInfo("AUDUSD" + AddChar,MODE_SPREAD);
int    spreadNZDUSD=MarketInfo("NZDUSD" + AddChar,MODE_SPREAD);
int    spreadEURGBP=MarketInfo("EURGBP" + AddChar,MODE_SPREAD);
int    spreadEURJPY=MarketInfo("EURJPY" + AddChar,MODE_SPREAD);
int    spreadEURCHF=MarketInfo("EURCHF" + AddChar,MODE_SPREAD);
int    spreadGBPJPY=MarketInfo("GBPJPY" + AddChar,MODE_SPREAD);
int    spreadGBPCHF=MarketInfo("GBPCHF" + AddChar,MODE_SPREAD);
int    spreadAUDJPY=MarketInfo("AUDJPY" + AddChar,MODE_SPREAD);
int    spreadEURCAD=MarketInfo("EURCAD" + AddChar,MODE_SPREAD);
int    spreadEURAUD=MarketInfo("EURAUD" + AddChar,MODE_SPREAD);
int    spreadAUDCAD=MarketInfo("AUDCAD" + AddChar,MODE_SPREAD);
int    spreadAUDNZD=MarketInfo("AUDNZD" + AddChar,MODE_SPREAD);
int    spreadNZDJPY=MarketInfo("NZDJPY" + AddChar,MODE_SPREAD);
int    spreadAUDCHF=MarketInfo("AUDCHF" + AddChar,MODE_SPREAD);
int    spreadEURNZD=MarketInfo("EURNZD" + AddChar,MODE_SPREAD);
int    spreadGBPNZD=MarketInfo("GBPNZD" + AddChar,MODE_SPREAD);
int    spreadNZDCHF=MarketInfo("NZDCHF" + AddChar,MODE_SPREAD);
int    spreadGBPCAD=MarketInfo("GBPCAD" + AddChar,MODE_SPREAD);
int    spreadCADJPY=MarketInfo("CADJPY" + AddChar,MODE_SPREAD);
int    spreadCADCHF=MarketInfo("CADCHF" + AddChar,MODE_SPREAD);
int    spreadGBPAUD=MarketInfo("GBPAUD" + AddChar,MODE_SPREAD);
int    spreadNZDCAD=MarketInfo("NZDCAD" + AddChar,MODE_SPREAD);

Quoting matrixebiz

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Hey FerruFX, just wondering if you can do me a favor and add a MaxSpread option to your CCFp-Diff_[v2.0] indicator. Since IBFX often has crazy spreads I have my EA set to not open orders with a spread to high. Can you add an option to your indi so that I can set it to not display the pairs above a certain amount of spread? Thank you

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