Trading system using relative strength | Page 75 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System Using Relative Strength-Part 2 1,499 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading system using relative strength
Exit Attachments

Trading system using relative strength

  • #1,481
  • Jun 4, 2011 2:06am Jun 4, 2011 2:06am
Quoting forexhard
Here's a shot of my advanced template in case anyone is interested.
Well you did say if anyone is interested
  • #1,482
  • Jun 4, 2011 4:45am Jun 4, 2011 4:45am
I made 90 pips during Asian period and 235 on Europe, using the traditional ES method with 30 pips SL for each trade and no target, closing all the trade after 4 hours period.
Attached Image (click to enlarge)
Click to Enlarge Name: friday.jpg Size: 99 KB
  • #1,483
  • Jun 4, 2011 7:07am Jun 4, 2011 7:07am
Quoting il brigante
I made 90 pips during Asian period and 235 on Europe, using the traditional ES method with 30 pips SL for each trade and no target, closing all the trade after 4 hours period.
Hi IB, are you taking a trade from a 1hr set-up or 4hr,the reason I ask is you have your charts set at 1hr.If tradind 4hr don't you find your s/l to tight, (are you having quite a few loosers,i,e, not letting the market breath.
T.
  • #1,484
  • Jun 4, 2011 7:33am Jun 4, 2011 7:33am
Quoting forexhard
I'm curious, is anyone trying to build a template like mine yet based on my pix & info, or is everyone hoping and waiting for me just to post my template so they can copy it?

Has anyone tried yet?...
I probably can. But it would be really nice if you could put the template. Sorry if I am imposing it on you. Thanks

And also how you trade the New Template. Seems to me like you have a better grasp of this system.
  • #1,485
  • Edited 8:33am Jun 4, 2011 7:56am | Edited 8:33am
Quoting forexhard
I'm curious, is anyone trying to build a template like mine yet based on my pix & info, or is everyone hoping and waiting for me just to post my template so they can copy it?

Has anyone tried yet?...
I managed to build your template and got the middle one to agree with your figures.The other two are expected to be different depending on the time you took your snapshot.
Attached Image (click to enlarge)
Click to Enlarge Name: stu.gif Size: 66 KB
  • #1,486
  • Jun 4, 2011 9:52am Jun 4, 2011 9:52am
I guess the biggest problem with any type of Basket System is the money management aspect. We can't just open 12 trades with no stop loss and waiting for them to be in profit and getting all exited about it. If we risk say %2 of our balance, this should be for the total of our open trades, not for each trade. I personally have not find am effective way to manage it. But I am all ears to listen to any suggestions.
  • #1,487
  • Jun 4, 2011 10:20am Jun 4, 2011 10:20am
OK guys, I see you trying to teach yourself, and that's the main thing. I believe in the whole "teach a man to fish" thing. I love helping people, but it only makes sense to me to help those that are trying to help themselves. Why waste my time on the lazy ones? Anyway, 2 templates attached.

Listen up guys, I want to make something very, very clear. I'm not attempting to teach you a system for trading. So don't expect that one is coming in a few days, because it isn't. Not from me anyway. Not any more than I've already laid out in any case. What I am hoping to do, is to better acquaint you all with the heatmap indicator. Because it is for me, without a doubt, the single best sentiment indicator I have ever seen in my life. I recently told a friend that if I had to stop using every indi and pick just one to use for the rest of my life, this would be it. I just can't stand coming in here to the very thread dedicated to the creation of this amazing indicator and realize that no one knows how powerful it is.

So that's why I'm here. To open your eyes to the possibilites of this heatmap. Once your eyes are opened, building a system of your own (or several) will be a piece of cake.
Attached File(s)
File Type: tpl ccfp basket heatmap.tpl   144 KB | 1,690 downloads
File Type: tpl ccfp basket_scalping.tpl   144 KB | 1,535 downloads
To improve is to change. To perfect, is to change often.
  • #1,488
  • Jun 4, 2011 10:36am Jun 4, 2011 10:36am
Quoting forexhard
OK guys, I see you trying to teach yourself, and that's the main thing. I believe in the whole "teach a man to fish" thing. I love helping people, but it only makes sense to me to help those that are trying to help themselves. Why waste my time on the lazy ones? Anyway, 2 templates attached.

Listen up guys, I want to make something very, very clear. I'm not attempting to teach you a system for trading. So don't expect that one is coming in a few days, because it isn't. Not from me anyway. Not any more than I've already laid out in any...
Thanks for template FH,so please open my eyes and show us the correct way how to use your template
  • #1,489
  • Jun 4, 2011 10:44am Jun 4, 2011 10:44am
Quoting forexhard
part two
I would guess that # 2 and #3 would be the indis you would base your basket trades off of correct? Since you said you are not scalping you would being looking at mid to longer term movements.

Another question about your baskets, dont think you mentioned this, but do you look to spread out your exposure at all. What I mean is not have too many eur longs, usd shorts etc..Kind of spread out the risk some what to guard against sudden reversals.

Also for money management a equity trailing stop EA might work well if you cant sit and monitor your baskets all day.

You also said you sometimes trim out some losing pairs from your baskets. Do you also add pairs to a running basket?

As for the templates, I dont use indicators often so Im not sure how to build a template. Guess its time to learn something new this weekend!!
  • #1,490
  • Jun 4, 2011 11:11am Jun 4, 2011 11:11am
Quoting thorn
I would guess that # 2 and #3 would be the indis you would base your basket trades off of correct? Since you said you are not scalping you would being looking at mid to longer term movements.

Another question about your baskets, dont think you mentioned this, but do you look to spread out your exposure at all. What I mean is not have too many eur longs, usd shorts etc..Kind of spread out the risk some what to guard against sudden reversals.

Also for money management a equity trailing stop EA might work well if you cant sit and monitor your...
FH, you just saved me some time on creating templates LOL. Ah gotta learn anyway..but thanks anyway.

Hey you are right though, no use posting a system. Better to create your own to suite your own style and risk tolerance.
  • #1,491
  • Jun 4, 2011 12:29pm Jun 4, 2011 12:29pm
Quoting forexhard
OK guys, I see you trying to teach yourself, and that's the main thing. I believe in the whole "teach a man to fish" thing. I love helping people, but it only makes sense to me to help those that are trying to help themselves. Why waste my time on the lazy ones? Anyway, 2 templates attached.

Listen up guys, I want to make something very, very clear. I'm not attempting to teach you a system for trading. So don't expect that one is coming in a few days, because it isn't. Not from me anyway. Not any more than I've already laid out in any...
Thanks FH
  • #1,492
  • Jun 4, 2011 1:10pm Jun 4, 2011 1:10pm
I found another template on FF trading CCFP. Here is the chart with the template. I would guess one would probably open the pairs that matches all the time frames:
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 135 KB
  • #1,493
  • Jun 4, 2011 4:10pm Jun 4, 2011 4:10pm
Congratulations ES on finally reaching 100 pages!

I've done all I can here, ES. I hope I've opened some eyes. Good luck for the next 100!...
To improve is to change. To perfect, is to change often.
  • #1,494
  • Jun 4, 2011 6:07pm Jun 4, 2011 6:07pm
Quoting Tedge UK
Hi IB, are you taking a trade from a 1hr set-up or 4hr,the reason I ask is you have your charts set at 1hr.If tradind 4hr don't you find your s/l to tight, (are you having quite a few loosers,i,e, not letting the market breath.
T.
Hi Tedge UK.
No my trades were based on 4h.
I like knowing what my risk are, 30 pips is enough for me to indicate that I am wrong and I take the loss, but trading the basket I probably would get some winnings as well to compensate.

Also I like the idea to trade the 4h setups that in combination with the daily.
I look at the daily CCFp as the filter and take the trades on the 4H if matched.

I also like the idea to place the trade and leave them for at least 4 hours, but
if you like to run a winning trade for longer time, place a 20 SMA on the 1H TF and once prices closes below it (for long trades) move your SL 5 pips below that candle.

Hope it helps
All the Best
Elegance does not consist in putting on a new dress.
Coco Chanel
  • #1,495
  • Jun 4, 2011 6:28pm Jun 4, 2011 6:28pm
I would say this could be pretty interesting way to trade now that I got the logic of it. Adding the method to analyze from different TF's, this system made it much better and more realistic.

Indeed, this is easy and takes one single indicator for a big job, very unique.
A successful trading depends on knowing what to analyze.
  • #1,496
  • Jun 4, 2011 8:35pm Jun 4, 2011 8:35pm
sorry for my poor english , because english is not my native language
i've read all these 100 pages
but i think i'll study it more
thank you ES for your system,it's great!
  • #1,497
  • Jun 4, 2011 9:18pm Jun 4, 2011 9:18pm
Quoting forexhard
Congratulations ES on finally reaching 100 pages!

I've done all I can here, ES. I hope I've opened some eyes. Good luck for the next 100!...
Thanks FH. Hope you continue to post here.You have definitely offered great ideas and helped many.

Thanks
  • #1,498
  • Jun 4, 2011 9:53pm Jun 4, 2011 9:53pm
Quoting ES Trader
I found another template on FF trading CCFP. Here is the chart with the template. I would guess one would probably open the pairs that matches all the time frames:

Hi ES

the template was not attached would you please repost it

thanks

FXWest
  • #1,499
  • Jun 5, 2011 5:06am Jun 5, 2011 5:06am
Quoting ES Trader
I found another template on FF trading CCFP. Here is the chart with the template. I would guess one would probably open the pairs that matches all the time frames:
Hi ES,could you post the template if possible,looks great.
Thanks:nerd: T.
  • #1,500
  • Jun 6, 2011 2:56am Jun 6, 2011 2:56am
Could someone explain why the CCFp_v1.0.2.mq4 indi that ES Trader posted near the start of this thread and the CCFp-Diff_[v2.0] that forexhard posted (I think) are showing nearly exactly opposite indications?

Attached Image
Always a Student, Never a Master - Emulate What Works
2 traders viewing now