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Trading system using relative strength

  • #1,781
  • Jun 10, 2011 11:39am Jun 10, 2011 11:39am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
My running basket. Few pips in a few minutes.
My previous basket closed at -100. But still I'm plus 105 pips.

Have a nice day
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--- nothing to say ---
  • #1,782
  • Jun 10, 2011 12:01pm Jun 10, 2011 12:01pm
Quoting sym
I like this system, less FH. It looks to me, you are not interested in helping people as you claim.
Special thanks to ES trader.
So 45 hours you insult me, and today you are asking me for help. Wow, just wow.
To improve is to change. To perfect, is to change often.
  • #1,783
  • Jun 10, 2011 12:07pm Jun 10, 2011 12:07pm
Quoting forexhard
So 45 hours you insult me, and today you are asking me for help. Wow, just wow.
I never insulted you. Would you mind helping me understand how you did that?
  • #1,784
  • Jun 10, 2011 12:16pm Jun 10, 2011 12:16pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting forexhard
So 45 hours you insult me, and today you are asking me for help. Wow, just wow.
It's up to you demonstrate I was wrong!!!
Never insulted you. Read carefully.

Thanks anyway
--- nothing to say ---
  • #1,785
  • Jun 10, 2011 12:24pm Jun 10, 2011 12:24pm
Quoting newark18
I never insulted you. Would you mind helping me understand how you did that?
Was talking to Sym. I guess you missed where I quoted him.
To improve is to change. To perfect, is to change often.
  • #1,786
  • Jun 10, 2011 12:32pm Jun 10, 2011 12:32pm
first... many thx to ES TRADER, FerruFX, and Forexhard and to all of your contribution in this lovely thread

1st.. i did my home work (i worry if i didn't, so forexhard will mad with me..LOL just kidding). i finished read all this thread in 4 hour

2nd here is my SET and SLEEP position

cu at Monday guys...
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Simplicity your Life
  • #1,787
  • Jun 10, 2011 12:33pm Jun 10, 2011 12:33pm
Quoting forexhard
Was talking to Sym. I guess you missed where I quoted him.
No I knew you were talking to him. I just wanted to make sure you knew that I didn't insult you before I made the same request. Can you help me out?
  • #1,788
  • Jun 10, 2011 12:48pm Jun 10, 2011 12:48pm
closed another basket for 100+ pip.

Done for the week.
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  • #1,789
  • Jun 10, 2011 12:52pm Jun 10, 2011 12:52pm
This morning I picked 4 pairs off of my chart reading, without the indicator. Those were up 95 pips in 90 minutes. Later I saw that the indicator also suggested those 4 pairs in the Trade level 1 60 minute chart.

I also picked two of the indicator's suggestions and those were down 15 pips net in the same 90 minutes. I should have checked the charts on those first before placing a trade, but just went with what the indicator said.

Probably an easy day to trade today, with high volatility. But still very happy to see how easy it is to rack up the pips with a basket.
  • #1,790
  • Jun 10, 2011 1:21pm Jun 10, 2011 1:21pm
Quoting forexhard
Was talking to Sym. I guess you missed where I quoted him.
geeeeezze louisee,carnt believe this school bickering is still going on!!!!,are we adults here dealing in probably the hardest business to conquer,.......come on lets wipe the blood away and get on with it
  • #1,791
  • Jun 10, 2011 2:02pm Jun 10, 2011 2:02pm
Hey ES, a few end-of-week questions if you don't mind:

~How many baskets did you trade this week?

~How many pairs in the smallest basket?

~How many in your biggest basket?

~How long was the longest basket open for?

~The basket with the shortest time open?

~Did you have any losing baskets, and if so, for how much?

~How closely did you follow the template & indi vs. just making up trades on your own?

~How many pips total for the week?

~Lastly, will you do anything differently next week based on what happened this week?
To improve is to change. To perfect, is to change often.
  • #1,792
  • Jun 10, 2011 2:27pm Jun 10, 2011 2:27pm
Of course this wasn't directed at me, but I'll answer for the benefit of others to see.

----------

~How many baskets did you trade this week? 4

~How many pairs in the smallest basket? 6

~How many in your biggest basket? 8

~How long was the longest basket open for? 3.5 Hours

~The basket with the shortest time open? 2 Hours and 15 Minutes

~Did you have any losing baskets, and if so, for how much? No

~How closely did you follow the template & indi vs. just making up trades on your own?

75% Template / 25% I made them up

~How many pips total for the week? 302

~Lastly, will you do anything differently next week based on what happened this week?

I plan to trade more baskets, given the chance
Always a Student, Never a Master - Emulate What Works
  • #1,793
  • Jun 10, 2011 2:58pm Jun 10, 2011 2:58pm
Quoting forexhard
Hey ES, a few end-of-week questions if you don't mind:

~How many baskets did you trade this week?

~How many pairs in the smallest basket?

~How many in your biggest basket?

~How long was the longest basket open for?

~The basket with the shortest time open?

~Did you have any losing baskets, and if so, for how much?

~How closely did you follow the template & indi vs. just making up trades on your own?

~How many pips total for the week?

~Lastly, will you do anything differently next week based on what happened this week?
Woh! That is lot of home work for the weekend.LOL
I will check it out and let you know by Sunday.
Thanks and have a wonderful Weekend
  • #1,794
  • Jun 10, 2011 8:11pm Jun 10, 2011 8:11pm
Well, here is my contribution of the day. I worked with Steve's MPTM to focus more on baskets. I re-prioritized, commented out unnecessary functions, and more importantly added variable trailing stop losses based on profit.

For instance, if basket goes into 500 profit, trailing stop set at 50%...

if basket goes into 800 profit, trailing stop set at 75%

and if basket goes into 1000 profit, trailing stop set at 90%

Note that I am an amateur at coding so this could be all wrong. But I definitely wanted something like this. So I am sharing because I think some others might like it.

Feel free to fix, update, or otherwise add to its functionality.
Attached File(s)
File Type: mq4 MPTM Baskets.mq4   102 KB | 833 downloads
  • #1,795
  • Jun 10, 2011 8:18pm Jun 10, 2011 8:18pm
OK, does anyone else know how to use two TFs for each indicator like FH did?


ON a separate note, I find that seeing the heatmap like this makes it easier to see which ones line up for a trade. This goes in ascending order so you can get an idea of its improving or decreasing strength.

http://i54.tinypic.com/m9xgfk.gif
  • #1,796
  • Jun 10, 2011 8:23pm Jun 10, 2011 8:23pm
How are people timing their entries? For instance, are you waiting for H4 to close, then enter trades based on H4, D1 current and W1 current correlation? Or are you more random?

I definitely think this strategy has legs. I haven't found a set method yet and enter at almost random times but the baskets more often than not go into profit. Right now, I focus on H4, D1 and W1 current.
  • #1,797
  • Edited Jun 11, 2011 12:26am Jun 10, 2011 10:12pm | Edited Jun 11, 2011 12:26am
Quoting forexhard
A few end-of-week questions :

~How many baskets did you trade this week? 5 baskets

~How many pairs in the smallest basket? 2 pairs

~How many in your biggest basket? 7 pairs

~How long was the longest basket open for? 2h58

~The basket with the shortest time open? 1h12

~Did you have any losing baskets, and if so, for how much? No

~How closely did you follow the template & indi vs. just making up trades on your own? 100%

~How many pips total for the week? 363 pips

~Profit/Loss trades : 81% winning vs 19% loosing

~Drawdown : 0.34% (using 3% Risk for the whole basket)

-...
Plan for next week: Min of 4 pairs per basket. As my settings for entry are more settled now, will probably have more trades/baskets; will continue the same MM

I am using a Live Account
  • #1,798
  • Jun 10, 2011 11:55pm Jun 10, 2011 11:55pm
Newwark,

Thanks.
I like your idea, but could you go a step further with the addition of a trailing StopLoss.
What I mean is this. The starting SL is set at -560 (for basket of 14) from opening of the basket. As the basket moves into profit the SL moves accordingly.... Starting SL -560.... then basket moves into profit +10 then SL moved to -550 then basket moves into profit +20 SL moves to -540 and so on until SL reaches BE.

What do you think?
Bruce

Quoting newark18
Well, here is my contribution of the day. I worked with Steve's MPTM to focus more on baskets. I re-prioritized, commented out unnecessary functions, and more importantly added variable trailing stop losses based on profit.

For instance, if basket goes into 500 profit, trailing stop set at 50%...

if basket goes into 800 profit, trailing stop set at 75%

and if basket goes into 1000 profit, trailing stop set at 90%

Note that I am an amateur at coding so this could be all wrong. But I definitely wanted something like this. So I am sharing because...
  • #1,799
  • Jun 11, 2011 1:32am Jun 11, 2011 1:32am
I'd prefer a Trailing Stop EA for my baskets, personally. Nothing complicated at all -- just a simple Sl & TP setting for the basket as a whole. That's all that's really called for once you get good at picking your entries.
To improve is to change. To perfect, is to change often.
  • #1,800
  • Jun 11, 2011 1:54am Jun 11, 2011 1:54am
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.
I am wandering why are we here at ForexFactory?
My answer is that we want to share and learn from each others experience.

There is no doubt that the writer is a successful forex trader:
Quote post#1432 at page 96.
I've got 6 live accounts spread over 4 countries. I trade CCFp baskets, and I also trade using my own 2 privately coded EA's on VPS. What's your point?

But not a GOOD teacher:
Quote post#1429 at page 96.

"Originally Posted byrswamy4449

What I just asked is why the same indicator is showing two different relative strengths on the same time frame?

The question is in simple language
Besides, I asked ES tarder, not you!"

Yeah, but you're too lazy to read the thread like everyone else, and I'm bored, so BAM!, there ya go.

It's not because you're a noobie I'm slapping you down, it's because you're a lazy fuck that wants to be spoon fed.



Note: I am not here to discrediting any one, making personal attack or trying to putup a fight. Forexhard have made his contribution and I salute his success in forex.

I like to use one of his display and apply on my chart taken 1hr30min apart(which is based on a old and outdated technology).
Here I am refering to the number 3 (in my case +3 and -3) applying to the "δ" column and you will know what I mean.
Don't trust my minicharts, go to your MT4 and view that respective currency pair with the server date and time imprinted on it. (FxPro is GMT+3)
The rest is self explanatry. The BUY (color blue) and SELL (red) signal is very clear; which currency to trade is visible no guessing around.
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