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Trading system using relative strength

  • #1,721
  • Edited 7:19am Jun 9, 2011 6:49am | Edited 7:19am
Quoting BLACKFEET
Hi,
I try to use the template you published P109 # 1621 (June, the 8th) and I get a nice STATIC picture constitued with Objects BUT NO INDIs ????
When I right click (as you can see in the pic here joined) I don't even get the "Indicators List" !!!!

I'm lost !

TIA

Regards

BBF


Try : Ctrl L

(it should open the Inicators List)

-----------------------------------------
Sorry, it was [Ctrl i] - my apologize
  • #1,722
  • Jun 9, 2011 7:56am Jun 9, 2011 7:56am
What do you guys suggest for scalping (5/15m)? Bars or MA? Current or last?

And what's up with all the whining about templates? You can't drag n drop a single indi into your charts?
  • #1,723
  • Jun 9, 2011 9:35am Jun 9, 2011 9:35am
Thanks a lot for your help. Eventually I discoverd (on behalf of Pipo) that I didn't get the right indicator.
In fact - and just for a bit of history (and Pipo knows that very well as he was a "pilgrim" for this thread LOL) - this flight of Indi CCFp-Diff xxxx was written by FerruxFx. The last one was CCFp-Diff [v2.01].ex4 published Oct.15 2008 (yes 2008 it's not a mistake). FxHard -the first of june- explained about FerruFx and published this new CCFp-Diff [v3.01].ex4.... AND I DIDN'T notice it was a new indi for THIS forum.

Thanks anew.

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #1,724
  • Jun 9, 2011 9:47am Jun 9, 2011 9:47am
Quoting il brigante
Look, I know that FH has a bit of an attitude and he could have put things a bit differently, however I think he's right, he's right in a sense that if you want to create something good you need to work at it very hard, and also you need to add something personal to it that suits your personality to make it special....

Il Brigante
You're right. I have an attitude. I have an attitude that says grown men shouldn't have to be told over and over again how to tie their shoe laces. And I choose to rudely ignore such people. You do to, if you'd admit to it. If a grown man in a suit was walking past you on the street and asked you to bend down and tie his shoe laces your reaction would match mine exactly. Conversely, you have never seen me treat truly interested people the same way. I'm here to help anyone that want to help themselves. I just don't have the time or the energy to prop up the others. Neither do you nor should you have to worry about it. Time is really all we have in the end, and I for one choose to use it wisely.

The rest of your message is spot on. I'd love to see your results of a few demo baskets. Please come back and tell us what you've observed.
To improve is to change. To perfect, is to change often.
  • #1,725
  • Jun 9, 2011 10:00am Jun 9, 2011 10:00am
New basket opened few minutes ago
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 189 KB
  • #1,726
  • Jun 9, 2011 10:00am Jun 9, 2011 10:00am
Quoting BLACKFEET
....FxHard -the first of june- explained about FerruFx and published this new CCFp-Diff [v3.01].ex4.... AND I DIDN'T notice it was a new indi for THIS forum.

BBF
This is not right. If you go into my profile you can see every attachment I have ever made here in the thread. I have attached several pics and several templates, and only 2 indicators: v.1.03 and v.2.01, both from FerruFx. There is no v.3.01 that I am aware of.

BTW, the date of the indi doesn't matter. It works just as well now as it ever did. You don't need to change it out for a new model like a cell phone just because it's 3 or 4 years old.
To improve is to change. To perfect, is to change often.
  • #1,727
  • Jun 9, 2011 10:19am Jun 9, 2011 10:19am
Quoting ES Trader
New basket opened few minutes ago
I think I understand all but EURUSD. I see that your trade level is set to 1. I am using 3 so I am wondering if that is too high.
  • #1,728
  • Jun 9, 2011 10:28am Jun 9, 2011 10:28am
I suddenly got this crazy Idea( FH knows why I get these crazy thoughts sometimes !).

Choose 4 major currencies like aud,eur,gbp and nzd.
look to see whether they are buy or sell with help of CCFP ind.

Then open a NON CORRELATED currency pairs against it and create a basket as below. I am going to try this on a demo and see what happens:
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp5.gif Size: 165 KB
  • #1,729
  • Jun 9, 2011 10:41am Jun 9, 2011 10:41am
ES, please check your messages...
To improve is to change. To perfect, is to change often.
  • #1,730
  • Jun 9, 2011 11:23am Jun 9, 2011 11:23am
Hi Traders,

I like to share with you my Excel Currency Indicator v3, which I found some years back under a different name and now rewritten and improved upon until the current apperance. The reason for displaying it here is because this indicator is also working on the same principal using relative strength. After reading through this thread, I also found many similarity and with different approach to interperate the currency strength.

I have been trying to find "an early warning system", when a currency pair is trending, to indicate that the END of the trend is coming, (but without success). So have to improve and modify an existing one.
This is indicated by a YELLOW box either in the BUY or SELL column of that currency pair.

The first two charts on NZDUSD taken 4 hours apart, clearly illustrated that when the initial Yellow signal shows up the PA does not make much upward movement. So should you have exit your trade at 14 hr broker time, you will be very relaxed.
Chart no: 3 is for comparision only.

Installation procedure (for details open the Excel file and read the Installation).
(1) Select a MT4 broker that has all the 28 currency pairs.
(2) Enable DDE Server in the MT4 Platform.
(3) Use Excel 2007 to open the file and enable macros.

Suggessions and improvement are welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD end 14-17.jpg Size: 248 KB
Click to Enlarge Name: NZDUSD end 18-30.jpg Size: 247 KB
Click to Enlarge Name: Sample.jpg Size: 258 KB
Click to Enlarge Name: Installation.jpg Size: 184 KB
Attached File(s)
File Type: zip Excel Currency Indicators v3.zip   1.1 MB | 1,529 downloads
  • #1,731
  • Jun 9, 2011 12:10pm Jun 9, 2011 12:10pm
Quoting Star178
Hi Traders,

I like to share with you my Excel Currency Indicator v3, which I found some years back under a different name and now rewritten and improved upon until the current apperance. The reason for displaying it here is because this indicator is also working on the same principal using relative strength. After reading through this thread, I also found many similarity and with different approach to interperate the currency strength.

I have been trying to find "an early warning system", when a currency pair is trending, to indicate that...
Star, thanks for sharing. Can you go into the other colors or values on your excel sheet?
  • #1,732
  • Jun 9, 2011 1:02pm Jun 9, 2011 1:02pm
Thanks Sym,

I am new to this basket trading idea but I like what I see so far. I also agree with Forexhard about the news thing. I made a profit on my basket yesterday (although I only had 4 pairs open) even after the AUDUSD pair took a big loss. I have never traded some of the pairs that are recommended by the indicator and have almost always just traded the majors so this is something I am trying to get used to doing. I like your divergence and low spread idea. Well good luck! Tony

Quoting sym
Hi adsanders

I tried to open trades looking at the hysto, not at the hints.
Let's hope I did well. Times will tell us.
I use other basket-based system and I'm beginning to believe that when you open a "balanced" basket you almost always (sooner or later) have positive pips. The basket swing between minus - parity - plus.

So my provocation is: try to chose 6-8 or more pairs possibly using divergence and low spread. Randomly open half BUY and half SELL. Create more than 1 basket with the same pairs using different BUY-SELL.
Watch what happen!!!...
  • #1,733
  • Jun 9, 2011 3:46pm Jun 9, 2011 3:46pm
Quoting Star178
I like to share with you my Excel Currency Indicator v3,

Suggessions and improvement are welcome.

Interesting, thanks!
  • #1,734
  • Jun 9, 2011 4:24pm Jun 9, 2011 4:24pm
For you guys that are getting so excited about that Excel sheet that was just posted, FerruFx's CCFp-Diff v.2.01 indi is making these exact same calculations, plus it is making trade suggestions after being filtered by the Level settings. So by using this Excel sheet you are actually going backwards from the indi, not forwards.
To improve is to change. To perfect, is to change often.
  • #1,735
  • Jun 9, 2011 4:44pm Jun 9, 2011 4:44pm
[quote=forexhard;4678441]You're right. I have an attitude. I have an attitude that says grown men shouldn't have to be told over....

FH, thank you for your comments.

I read your communication with others and I did not see anybody ask you to bend down and tie is shoes and is not up to us to decide who is a grown up man/woman and who is not. But you are right you can choose to ignore anybody that you wish, what you cannot do is to ask them to bend down......
I am also here to help anyone that want help themselves......
Now back to trading, I have not worked out yet how to trade baskets that suits me, but I have made some good individual trades, based on the template that I have sent yesterday, euraud, +109 and audnzd 130 pips. Last night (my time) I also entered a trade on usdchf which I have attached.

All The Best
Il Brigante
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf long.jpg Size: 47 KB
  • #1,736
  • Jun 9, 2011 5:24pm Jun 9, 2011 5:24pm
Something to think about...
Attached Image (click to enlarge)
Click to Enlarge Name: diffmtf.gif Size: 28 KB
To improve is to change. To perfect, is to change often.
  • #1,737
  • Jun 9, 2011 6:01pm Jun 9, 2011 6:01pm
star178 I sent you a pm

Quoting Star178
Hi Traders,

I like to share with you my Excel Currency Indicator v3, which I found some years back under a different name and now rewritten and improved upon until the current apperance. The reason for displaying it here is because this indicator is also working on the same principal using relative strength. After reading through this thread, I also found many similarity and with different approach to interperate the currency strength.

I have been trying to find "an early warning system", when a currency pair is trending, to indicate that...
  • #1,738
  • Jun 9, 2011 6:10pm Jun 9, 2011 6:10pm
Quoting forexhard
For you guys that are getting so excited about that Excel sheet that was just posted, FerruFx's CCFp-Diff v.2.01 indi is making these exact same calculations, plus it is making trade suggestions after being filtered by the Level settings. So by using this Excel sheet you are actually going backwards from the indi, not forwards.
CCFp-Diff v.2.01 ?


It that a typo? Mine says: CCFp_Diff_[v.2.0]
Always a Student, Never a Master - Emulate What Works
  • #1,739
  • Jun 9, 2011 6:26pm Jun 9, 2011 6:26pm
Quoting RobinHood
CCFp-Diff v.2.01 ?


It that a typo? Mine says: CCFp_Diff_[v.2.0]
Yes. Typo. Sorry.
To improve is to change. To perfect, is to change often.
  • #1,740
  • Edited 7:11pm Jun 9, 2011 6:29pm | Edited 7:11pm
Gotcha, the reason I asked is because I saw you put the same thing in another post also and I just wanted to be sure that I was using the right one.

I put on tonight's basket, went down about 100 pips and is now down about 40 pips.

UPDATE: Just went from 40 down to 12 positive in 28 mins

UPDATE: Now up 36

UPDATE: Now -13
Always a Student, Never a Master - Emulate What Works
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