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Trading system using relative strength

  • #1,561
  • Jun 7, 2011 12:03pm Jun 7, 2011 12:03pm
Quoting forexhard
You can make it look how ever you like.

Here is what mine looks like. Just like the picture I just posted. So easy a blind man could read it and build baskets from it.
Can u post this template.
thanks
  • #1,562
  • Jun 7, 2011 12:07pm Jun 7, 2011 12:07pm
Quoting ES Trader
Can u post this template.
thanks
I could, but it's better if you learn how to do it yourself.
To improve is to change. To perfect, is to change often.
  • #1,563
  • Jun 7, 2011 12:09pm Jun 7, 2011 12:09pm
Quoting forexhard
I could, but it's better if you learn how to do it yourself.
Ok
  • #1,564
  • Jun 7, 2011 12:22pm Jun 7, 2011 12:22pm
Hi fellow traders,

I have been reading this thread for some time now and I installed the CCFP indi a while back. Though the indi looks fairly easy to understand, I would appreciate if someone can answer my queries

1. Is the understanding mentioned in the screen below correct?
2. Will the indi auto refresh and show currency changes (strength or weakness)? If yes, what is the TF to auto refresh?
3. What is the basis of calculating the currency strength or weakness?
4. Will the indi show any specific number of pairs in the above window? If yes, what is the number and can it be changed?
5. What is the entry criteria? I read somewhere that it is suggsted to take a trade in the first 15 mins of candle open. Is that correct?
6. What is the preferred TF for this indi, 4HR?

I know I have posted lot many questions here. Any help is highly appreciated.



Cheers
Vicky
Attached Image (click to enlarge)
Click to Enlarge Name: ccp indi.jpg Size: 147 KB
Fall seven times, stand up Eight! #GGMU
  • #1,565
  • Jun 7, 2011 12:29pm Jun 7, 2011 12:29pm
Quoting vickym
Hi fellow traders,

I have been reading this thread for some time now and I installed the CCFP indi a while back. Though the indi looks fairly easy to understand, I would appreciate if someone can answer my queries

1. Is the understanding mentioned in the screen below correct?
2. Will the indi auto refresh and show currency changes (strength or weakness)? If yes, what is the TF to auto refresh?
3. What is the basis of calculating the currency strength or weakness?
4. Will the indi show any specific number of pairs in the above window?...
I am sorry to tell you that you have not read the thread from page 1. There is answer for all your questions in this thread. Read ,Read and Reread.
  • #1,566
  • Jun 7, 2011 1:33pm Jun 7, 2011 1:33pm
Quoting forexhard
ES, you have the right idea but you're going about it the long way around.

Build a stack of indis as shown here. Make sure every indi has 100% indentical trade settings, except for the time frames of course.

Then all you have to do is wait for the colored bars to match across 3 of the 4 TF's before building your basket. The Weekly and the Daily should be in agreement, but only one of the smaller TF's needs to match the 2 higher ones. In other words, if you try waiting until all 4 are in perfect agreement you may be waiting for days before being...
Hi ForexHard,

Here is my template and settings I am using. Please let me know if this looks good?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Template.jpg Size: 96 KB
  • #1,567
  • Jun 7, 2011 2:01pm Jun 7, 2011 2:01pm
Looks fine.

Now, what do you think it's telling you on those settings?
To improve is to change. To perfect, is to change often.
  • #1,568
  • Jun 7, 2011 2:27pm Jun 7, 2011 2:27pm
Quoting FXLearner
Hi ForexHard,

Here is my template and settings I am using. Please let me know if this looks good?

Thanks
from 1 fxlearner to another,how do u get them to stack on top of each other,(heatmap)
  • #1,569
  • Jun 7, 2011 2:28pm Jun 7, 2011 2:28pm
Quoting Tedge UK
from 1 fxlearner to another,how do u get them to stack on top of each other,(heatmap)
Hi Tedge,

I modified the Y co-ordinates for each in the increments of 100 (0,100,200,300)

Thanks
  • #1,570
  • Jun 7, 2011 2:30pm Jun 7, 2011 2:30pm
Quoting forexhard
Looks fine.

Now, what do you think it's telling you on those settings?
Hi ForexHard,

As USD is bearish and EUR is long on both Weekly and Daily, I'll be focusing to see when H4 or H1 comes in alignment to long EURUSD.
I'll also be looking for NZDUSD long trades once H1 or H4 come in alignment.

Am I correct?

Thanks
  • #1,571
  • Jun 7, 2011 2:48pm Jun 7, 2011 2:48pm
Quoting FXLearner
Hi Tedge,

I modified the Y co-ordinates for each in the increments of 100 (0,100,200,300)

Thanks
Cheers FXL,but overides previous 1 I put on
  • #1,572
  • Jun 7, 2011 3:01pm Jun 7, 2011 3:01pm
Quoting Tedge UK


Cheers FXL,but overides previous 1 I put on
Hi TedgeUK,

You will have to give each indicator a unique "Indicator_ID_Number", then it won't override.

Thanks
  • #1,573
  • Jun 7, 2011 3:03pm Jun 7, 2011 3:03pm
Quoting FXLearner
Hi TedgeUK,

You will have to give each indicator a unique "Indicator_ID_Number", then it won't override.

Thanks
screen shot of unique "Indicator_ID_Number"
Attached Image
  • #1,574
  • Jun 7, 2011 3:25pm Jun 7, 2011 3:25pm
Quoting FXLearner
screen shot of unique "Indicator_ID_Number"
Bless ya cotton socks FXL
  • #1,575
  • Jun 7, 2011 3:52pm Jun 7, 2011 3:52pm
forexhard.

Is your Trade_Level set at 1 or 2?
Is your Use.Bar.instead.of.MA set to false or true.

Thanks.

Bruce

Quoting forexhard
You can make it look how ever you like.
Here is what mine looks like. Just like the picture I just posted. So easy a blind man could read it and build baskets from it.
  • #1,576
  • Jun 7, 2011 6:14pm Jun 7, 2011 6:14pm
forexhard,

I guess your statement below answers my question about Trade_Level settings.

And from looking at your post #1473, I guess the Use.Bar.instead.of.MA set to True.


Quoting forexhard
.......

Remember also, that the Level settings only matter if you are using the upper pairs suggestions. If you are reading the histo only (which is what I recommend) the suggestions aren't really necessary........
  • #1,577
  • Jun 7, 2011 6:49pm Jun 7, 2011 6:49pm
I got it as well.

Thank you for you help Forexhard. It is very much appreciated.

So, we are looking at the current set up instead of the time based, because the current set up is anticipating the the time based. Is that right?
  • #1,578
  • Jun 7, 2011 6:52pm Jun 7, 2011 6:52pm
Awaiting for new set of signals, when new Day bar opens. Should be about 7 min.
  • #1,579
  • Jun 7, 2011 6:56pm Jun 7, 2011 6:56pm
ES.

Could you take a snapshot when you do, so that I can compare yours with mine?

Thanks.

Bruce
Quoting ES Trader
Awaiting for new set of signals, when new Day bar opens. Should be about 7 min.
  • #1,580
  • Jun 7, 2011 6:57pm Jun 7, 2011 6:57pm
My new daily bars start when the "new day" starts at 6:00 PM EST, why would your new daily bars start at 8 PM EST?
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