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Trading system using relative strength

  • #1,401
  • Jun 2, 2011 11:37am Jun 2, 2011 11:37am
Having said that I think there are some good trades one can generate. I feel that the first trade one takes at the beginning of the week, using Weekly CCFP ver2 and using trade level 1 , seems to be consistently profitable.
  • #1,402
  • Jun 2, 2011 11:40am Jun 2, 2011 11:40am
Quoting Tedge UK
thought i would try again
Because I didn't attach any timer file to my posts, so it won't show up in my template unless you already have it stored in your indis. There are many to choose from. A simple search will bring up many possibilities.
To improve is to change. To perfect, is to change often.
  • #1,403
  • Jun 2, 2011 11:53am Jun 2, 2011 11:53am
Here are the results of using weekly CCFP
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp4.gif Size: 86 KB
  • #1,404
  • Jun 2, 2011 11:55am Jun 2, 2011 11:55am
Quoting forexhard
You're right, I missed that. But if you already knew, why are you using it as an example? I don't appreciate trick questions.
First of all thank you ES Trader for this great thread. I want to read all the thread (in page 60 now) but I think there's a lot of potential here.

And Forexhard, please I think someone so new in FF must show more respect to everyone, to the starter of the thread of course and to everyone who posts here.

Thank you
  • #1,405
  • Jun 2, 2011 11:59am Jun 2, 2011 11:59am
Quoting Caillou
First of all thank you ES Trader for this great thread. I want to read all the thread (in page 60 now) but I think there's a lot of potential here.

And Forexhard, please I think someone so new in FF must show more respect to everyone, to the starter of the thread of course and to everyone who posts here.

Thank you
Thanks Caillou. Glad you are here.
I am not usually offended by anything/anybody. I have a pretty thick Skin!!.
I think Forexhard is trying to contribute just like any others.
  • #1,406
  • Jun 2, 2011 12:04pm Jun 2, 2011 12:04pm
Quoting ES Trader
Thanks Caillou. Glad you are here.
I am not usually offended by anything/anybody. I have a pretty thick Skin!!.
I think Forexhard is trying to contribute just like any others.
Obviously, you are a great man.....
  • #1,407
  • Jun 2, 2011 12:11pm Jun 2, 2011 12:11pm
Quoting Caillou
Obviously, you are a great man.....
  • #1,408
  • Jun 2, 2011 12:41pm Jun 2, 2011 12:41pm
Quoting Caillou
And Forexhard, please I think someone so new in FF must show more respect to everyone, to the starter of the thread of course and to everyone who posts here.

Thank you
Why do you think I am new to FF? Because of my post count? That would be a mistaken assumption on your part.

My comment was to ES. He was obviously not offended by it, so why should you be?
To improve is to change. To perfect, is to change often.
  • #1,409
  • Jun 2, 2011 12:43pm Jun 2, 2011 12:43pm
ES, since this is your thread, what would you say to asking FerruFx to come back in and help us out with some modifications to his indi? After using it for over 2 years I have some ideas on how it could be even better. I'd love to see it taken to the next level. What do you think? Care to give it a shot?
To improve is to change. To perfect, is to change often.
  • #1,410
  • Jun 2, 2011 2:13pm Jun 2, 2011 2:13pm
Quoting forexhard
ES, since this is your thread, what would you say to asking FerruFx to come back in and help us out with some modifications to his indi? After using it for over 2 years I have some ideas on how it could be even better. I'd love to see it taken to the next level. What do you think? Care to give it a shot?
I would love to. Hope he does.
  • #1,411
  • Jun 2, 2011 2:34pm Jun 2, 2011 2:34pm
Forexhard,
I closed cadchf and cadjpy for profit. Opened gbpnzd and usdcad. I still have nzdjpy and nzdcad
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp5.gif Size: 124 KB
  • #1,412
  • Jun 2, 2011 2:50pm Jun 2, 2011 2:50pm
ES, Congrats on your wins!

Can you pls link me to the EA you're using? I'd like to read up on it. Thanks.
To improve is to change. To perfect, is to change often.
  • #1,413
  • Jun 2, 2011 2:53pm Jun 2, 2011 2:53pm
Gbp is buy on 4 hr and Nzd is sell on daily
USD is buy and Cad is sell on daily
Hence those trades
  • #1,414
  • Jun 2, 2011 2:56pm Jun 2, 2011 2:56pm
Quoting forexhard
ES, Congrats on your wins!

Can you pls link me to the EA you're using? I'd like to read up on it. Thanks.
I am not using any EA. I just used your template for the above trades. I first looked at all the recommended trades on daily and then at 4 hr. Took trades that are not contradicting each other
  • #1,415
  • Jun 2, 2011 3:14pm Jun 2, 2011 3:14pm
closed gbpnzd for 26 pips profit. trying to replace with another buy
  • #1,416
  • Jun 2, 2011 3:19pm Jun 2, 2011 3:19pm
This EA...
Attached Image
To improve is to change. To perfect, is to change often.
  • #1,417
  • Jun 2, 2011 3:21pm Jun 2, 2011 3:21pm
bought gbpaud, since gbp positive and aud is sell on 4 hrs ccfp
  • #1,418
  • Jun 2, 2011 3:23pm Jun 2, 2011 3:23pm
Quoting ES Trader
I am not using any EA. I just used your template for the above trades. I first looked at all the recommended trades on daily and then at 4 hr. Took trades that are not contradicting each other
That's a very safe strategy.

But are you scalping this way? How long do you let the trades run? Not saying you should copy me, but my way is to use a smaller lot size, a very big basket of trades, and then let it run for as long as possible. I generally look at the biggest losers, and base my decision to get out by when the losers start to drain the profits too much. But this only works when the basket has lots of pairs.
To improve is to change. To perfect, is to change often.
  • #1,419
  • Jun 2, 2011 3:24pm Jun 2, 2011 3:24pm
Quoting forexhard
This EA...
I am sorry. here it is


http://www.forexfactory.com/showthread.php?p=1458676
  • #1,420
  • Jun 2, 2011 3:27pm Jun 2, 2011 3:27pm
Got it. Thanks...
To improve is to change. To perfect, is to change often.
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