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Trading system using relative strength

  • #1,801
  • Jun 11, 2011 5:39am Jun 11, 2011 5:39am
Quoting Star178

I like to use one of his display and apply on my chart taken 1hr30min apart(which is based on a old and outdated technology).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.
i have got several instances of mt4 from different brokers running. can i select 'run dde server' on any one of them? or is there a way i can change link on your excel file so i can make it link to a particular brokers folder?
  • #1,802
  • Jun 11, 2011 6:01am Jun 11, 2011 6:01am
I have been following this thread since two weeks now and I would like to thank you all for your contributions. The trades attached were not taken per strict method rules because I could not seem to get one positive pair following the 4H strategy in all of the baskets I created before this one. Call it bad luck, I really don’t know… However, on Thursday I decided to stick to my own style while curve fitting the indicators and suggestions to my longer term strategy. I have to say that in the past two days I have traded pairs I vowed to never touch. I made use of the weekly and daily bar on the indicators to create my setups and combined them with a swing method I use. Most of my trades are based on W1 and D1 however my entries are all on 1H or 30M. The reason for a shorter time frame is because more often than not new higher TF candles tend to retrace and I like catching a better price. Also I don’t have the stomach to handle the heavy DD. I’d rather know I did my best to enter at a discount from which point the trade will go my way or I will just settle for the hard stops that are put at daily levels. So I’ve made roughly 877 pips so far in two days that might still grow, we’ll see. This is the most I have ever done on demo in two days! I hope everyone following will find his/her way using these truly powerful indicators.
Thanks again,
Chantal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: basket still running.gif Size: 57 KB
Click to Enlarge Name: basket stopped trades.gif Size: 45 KB
  • #1,803
  • Jun 11, 2011 6:21am Jun 11, 2011 6:21am
Quoting indranghimir
i have got several instances of mt4 from different brokers running. can i select 'run dde server' on any one of them? or is there a way i can change link on your excel file so i can make it link to a particular brokers folder?
You need to select one MT4 platform that has 28 currency pairs to enable DDE server. Switch off the others DDE.
  • #1,804
  • Jun 11, 2011 10:06am Jun 11, 2011 10:06am
I would like to remind everyone that the Excel sheet and the v2 indi are doing the same background calculations. There is absolutely no advantage to using the Excel program. None. In fact, there are reasons not to use it in favor of the v2 indi. Such as, it takes up too much space. Or, that it does not recommend pairs. Or, that it does not have a reversal feature. Or, that t does not offer a MTF function -- etc., etc.

By using this crap you are going backwards, not forwards, in the development of this system. I vote to keep the thread free of this stuff.

Anyone else agree? ES? RH?...
To improve is to change. To perfect, is to change often.
  • #1,805
  • Jun 11, 2011 10:39am Jun 11, 2011 10:39am
I honestly paid it no attention to it because I hate spreadsheets, they just give me a headache. But on the other hand, I have a trading buddy that runs his life off of spreadsheets and hates charts. Maybe it's a left brain / right brain thing.

I guess it's just Tu-mate-toe / Ta-maat-toe IF they both ultimately give the same answer.

But I see your point FH if it does less functions and makes coming to trading decisions harder.
Always a Student, Never a Master - Emulate What Works
  • #1,806
  • Jun 11, 2011 10:43am Jun 11, 2011 10:43am
Quoting forexhard
I would like to remind everyone that the Excel sheet and the v2 indi are doing the same background calculations. There is absolutely no advantage to using the Excel program. None. In fact, there are reasons not to use it in favor of the v2 indi. Such as, it takes up too much space. Or, that it does not recommend pairs. Or, that it does not have a reversal feature. Or, that t does not offer a MTF function -- etc., etc.

By using this crap you are going backwards, not forwards, in the development of this system. I vote to keep the thread...
Agree FH.
Looks like no one read my First sentence at the beginning of the thread

"I have been testing out a simple system almost exclusively looking at price action with fairely good results."

I have stopped responding to all the posts in this thread. Some of the posts have nothing to do with this system. When you post good results some one comes and says :

"So, is this system profitable? Many trading systems posted here stop being profitable after several weeks or months. It looks like there are some periods when they do have nice profits, but then not."

Then why the F... are you wasting your time here ?

Or some one will say are you using live accounts? Every one knows about the difference in emotion involved in trading live versus demo. Why repeat that in every thread.

The problem often in these kind of forums is every one wants to modify/remodify the original idea until the whole thread is totally changed. That is why many of the threads get closed.

This is just my thoughts.
  • #1,807
  • Jun 11, 2011 11:02am Jun 11, 2011 11:02am
Quoting ES Trader
Agree FH.

The problem often in these kind of forums is every one wants to modify/remodify the original idea until the whole thread is totally changed. That is why many of the threads get closed.

This is just my thoughts.
Exactly. And they want to criticize and make changes just 2 days after learning the systems even exists. And these same people wonder why they get called names and told to fuck off by the people who have been trading it live for months.

BTW ES, the word is "fuck". It's fun, and it'll make you a better trader! LOL
To improve is to change. To perfect, is to change often.
  • #1,808
  • Jun 11, 2011 11:04am Jun 11, 2011 11:04am
And speaking of a "simple system with fairly good results", I'd just like to remind all the nay-sayers out there that at least 5 guys here ran 5 or more baskets last week using the indi for entries with zero losses, and gains from 300-800 pips.
To improve is to change. To perfect, is to change often.
  • #1,809
  • Jun 11, 2011 11:46am Jun 11, 2011 11:46am
YES, keep it simple !

It is amazing to see how Human always wants to complicate the system. There are plenty of very complicated and sophisticate strategy on the Forex which does not necessary work ! So, why don't take this system as it is, it is very easy to use, no fancy things to understand and ...... it works !

The basket balance very well the loosing pairs by the winning pairs; control the money management, the DD will be very little !
  • #1,810
  • Jun 11, 2011 2:17pm Jun 11, 2011 2:17pm
First I want to thank ES Trader, Forexhard and Robinhood and all of the others who have added something positive to this thread. I have been trying for years to find a system that fit my personality and I believe I finally have. I have taken Forexhard's advice and have tried to make this system my own by testing the different indicator settings and have come up with a plan that seems to be working for me. So thanks FH! Anyway I am not going to discredit the Excel spreadsheet idea... I just think maybe they should start their own thread? I like the way this one has been going and has been staying on topic. Just my 2 cents.
  • #1,811
  • Jun 11, 2011 4:24pm Jun 11, 2011 4:24pm
OK guys, 2 days ago ES and I spent a long time talking over Skype, and I think ES would agree that it went well.

Now I would like to take it a step further and create a private Skype chat group from select members of this thread. We can chat separately, or as a group, since Skype allows for that.

Anyone, from any country or location, is welcome to join the group. Where you are from is of no importance. What matters is how professional and helpful you are generally.

While we are online Skype also allows for the sending of files to each other, such as templates and indicators.

In the chats we will discuss in detail the inner working of the various indis, share signals, give and receive constructive advice, and in general try to create a supportive, giving, friendly, and professional atmosphere as we become better basket traders.

Suffice it to say that in the group we will be free to share things with each other that we would not normally be willing to share in a public forum. The more each of us gives, the stronger we all become, time and time again.

If you would like to join me (and ES I hope) on Skype, send me a PM with your Skype contact info. I will limit the size of the group to 12 or less, and I will pick only the names which have been helpful to this thread. If there is someone you want to recommend for the group, then mention their name as well in your PM and I will look into their last several posts to gauge their level of sincerity and professionalism.

Start sending those PM's right away. We still have time to get this going for the coming week if you act now, and I'm standing by ready to do my part...
To improve is to change. To perfect, is to change often.
  • #1,812
  • Jun 11, 2011 5:13pm Jun 11, 2011 5:13pm
Quoting forexhard
OK guys, 2 days ago ES and I spent a long time talking over Skype, and I think ES would agree that it went well.

Now I would like to take it a step further and create a private Skype chat group from select members of this thread. We can chat separately, or as a group, since Skype allows for that.

Anyone, from any country or location, is welcome to join the group. Where you are from is of no importance. What matters is how professional and helpful you are generally.

While we are online Skype also allows for the sending of files to each...
Great Idea. Count me in.
  • #1,813
  • Jun 11, 2011 5:28pm Jun 11, 2011 5:28pm
Great. That makes 2 for sure. There's still room for 10 more. It's only been an hour, but so far no one has PM'd me. Who else wants to get on board this basket trading train?
To improve is to change. To perfect, is to change often.
  • #1,814
  • Jun 11, 2011 5:33pm Jun 11, 2011 5:33pm
ES and FH,

I would like to join but i think i cannot sent PM due to the fact that i am newbie on FF. If you allow for newbie then it would be great . . . .
  • #1,815
  • Jun 11, 2011 6:05pm Jun 11, 2011 6:05pm
One more has been added: Harar, who is a noobie to this system. So as you can see I am not discriminating according to experience.

9 openings still available.
To improve is to change. To perfect, is to change often.
  • #1,816
  • Jun 11, 2011 6:15pm Jun 11, 2011 6:15pm
Thanks
  • #1,817
  • Jun 11, 2011 6:59pm Jun 11, 2011 6:59pm
Brucech has been added.

8 more to go...
To improve is to change. To perfect, is to change often.
  • #1,818
  • Jun 11, 2011 10:04pm Jun 11, 2011 10:04pm
I got this CFP indicator that is part of the CCFp one. Apparently is very good for divergence, but it does not work on my IBFX platform. Can anybody help? Thank you.
Attached File(s)
File Type: mq4 CFP.mq4   14 KB | 480 downloads
  • #1,819
  • Jun 12, 2011 1:35am Jun 12, 2011 1:35am
FH and ES,

Please add me.....i am really interested on joining you guys. I cant send PM.....
  • #1,820
  • Jun 12, 2011 2:18am Jun 12, 2011 2:18am
It does not work because IBFX and some other brokers use and additional symbol in identifying the Pairs.


So for mini account IBFX uses an "m", for example EURUSD becomes EURUSDm.


The attached should work.
Attached File(s)
File Type: mq4 CFP.mq4   14 KB | 612 downloads
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