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Trading system using relative strength

  • #1,841
  • Jun 12, 2011 5:21pm Jun 12, 2011 5:21pm
Quoting RobinHood
Here is my Sunday night basket. I am not proud of it since it's all Buys but it is what it is.

Attachment
As you can see in the chart below, the trades you are seeing, I Think, are from Friday. If you look at the top where it says Bar end, time remaining shows 1:39.

In other words I think new trades will come only after about an hr.
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 111 KB
  • #1,842
  • Jun 12, 2011 5:28pm Jun 12, 2011 5:28pm
Not in my case. On Friday all the trades were sells on my list (about 8 of them) and 1 buy.

When the market opened this evening at 6:00 PM EST I watched all of Fridays trades disappear and the new ones pop up and they are all Buys (9 of them).

And notice the bar end time denoting that there are 23.33 hours left in today and so the bar must have opened at 6:00 PM EST since it's 6:27 PM EST now.

Attached Image
Always a Student, Never a Master - Emulate What Works
  • #1,843
  • Jun 12, 2011 5:33pm Jun 12, 2011 5:33pm
Quoting RobinHood
Not in my case. On Friday all the trades were sells on my list (about 8 of them) and 1 buy.

When the market opened this evening at 6:00 PM EST I watched all of Fridays trades disappear and the new ones pop up and they are all Buys (9 of them).

And notice the bar end time denoting that there are 23.33 hours left in today and so the bar must have opened at 6:00 PM EST since it's 6:27 PM EST now.

Attachment
Ok. I have an IBFX, Not sure what the problem is. May be I will have the same suggestion when I get my signals.
  • #1,844
  • Jun 12, 2011 5:35pm Jun 12, 2011 5:35pm
This platform I am showing is from Alpari-US. You could always download their free MT4 demo and see the same results.
Always a Student, Never a Master - Emulate What Works
  • #1,845
  • Jun 12, 2011 5:39pm Jun 12, 2011 5:39pm
FXDD has nothing but sells
Attached Image
  • #1,846
  • Jun 12, 2011 5:44pm Jun 12, 2011 5:44pm
Quoting RibLips
FXDD has nothing but sells
Oh my goodness. What is happening.

May be like FH said we should just focus on Histogram and create the basket and not worry about the suggestion.
  • #1,847
  • Jun 12, 2011 5:44pm Jun 12, 2011 5:44pm
Quoting RibLips
FXDD has nothing but sells
Wish that's what mine said, I'm down 90 pips on my "All Buys".

But that's only -10 pips on avg for my 9 trades.

It's going to have to get about 5 times worse than that for me to worry about it.
Always a Student, Never a Master - Emulate What Works
  • #1,848
  • Jun 12, 2011 6:04pm Jun 12, 2011 6:04pm
ES

Attached are the template and chart of what I understand you are proposing. Use the template on a new chart to view the settings on the three indis.

Pat

Will be stepping out for a few hours. Should have something by tomorrow morning if not earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: esv1 .gif Size: 36 KB
Attached File(s)
File Type: tpl esv1.tpl   85 KB | 465 downloads
  • #1,849
  • Jun 12, 2011 6:14pm Jun 12, 2011 6:14pm
On Alpari UK also shown all BUY. Onfriday last week was all sell before market closed.
Attached Image
  • #1,850
  • Jun 12, 2011 6:27pm Jun 12, 2011 6:27pm
Quoting Chantalb
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
Thanks again,
Chantal
Hi Chantalb

I am very interested to know in more details how you trade, if you do not mind.

All the Best
Il Brigante
  • #1,851
  • Jun 12, 2011 6:40pm Jun 12, 2011 6:40pm
Where is our Friend FH.?
  • #1,852
  • Jun 12, 2011 7:17pm Jun 12, 2011 7:17pm
My trades for today
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 144 KB
  • #1,853
  • Jun 12, 2011 7:22pm Jun 12, 2011 7:22pm
I had 9 buys as I said earlier. A while later it said basically to only be long 6 of them. But I held on to all 9 because the basket was going my way.

Then I got tired of it and decided to start closing the 3 trades it said to close. I closed 2 with just a little over a minute before 8:00.

Then at 8:00 things spiked my way and it said to have all 9 trades on again, but I didn't re-open the two I had just closed.

Bottom line is, I like going for 100 pips or so. Had I of just left all the trades open I would have made over 100 pips. When I got to over 100 pips positive with the 7 trades I still had open, I closed all the trades.

My net win was +53.8 pips which isn't bad considering that 90 minutes earlier I was -120 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-12-Closed_Trades.jpg Size: 201 KB
Always a Student, Never a Master - Emulate What Works
  • #1,854
  • Jun 12, 2011 7:30pm Jun 12, 2011 7:30pm
this is my closed positions of the entry i've entered an hour ago....
Attached Image (click to enlarge)
Click to Enlarge Name: 13.6 close.JPG Size: 67 KB
  • #1,855
  • Jun 12, 2011 7:37pm Jun 12, 2011 7:37pm
Quoting RobinHood
I had 9 buys as I said earlier. A while later it said basically to only be long 6 of them. But I held on to all 9 because the basket was going my way.

Then I got tired of it and decided to start closing the 3 trades it said to close. I closed 2 with just a little over a minute before 8:00.

Then at 8:00 things spiked my way and it said to have all 9 trades on again, but I didn't re-open the two I had just closed.

Bottom line is, I like going for 100 pips or so. Had I of just left all the trades open I would have made over 100 pips. When I got...

My ibfx matched your broker feed, entered with those.
  • #1,856
  • Jun 12, 2011 7:38pm Jun 12, 2011 7:38pm
Quoting thermalboyz
this is my closed positions of the entry i've entered an hour ago....
nice job thermal
  • #1,857
  • Jun 12, 2011 8:21pm Jun 12, 2011 8:21pm
This is my basket, I have entered it about 90 minutes ago.
It struggled a bit in the beginning, now is over +100 pips. I am going to old it until next candle (4H), I will let you know the end results.

All The Best
Il Brigante
Attached Image (click to enlarge)
Click to Enlarge Name: basket.jpg Size: 51 KB
  • #1,858
  • Jun 12, 2011 8:25pm Jun 12, 2011 8:25pm
Quoting ES Trader
KingHigh.
Glad you are here. All help are welcome. Please let us know how you can make this system even better.

Thanks
Ok - I will start looking a exactly how I can put this thing together. Don't expect something for several days, but will start working.

KingHigh
  • #1,859
  • Jun 12, 2011 8:46pm Jun 12, 2011 8:46pm
Did all of you notice a very important thing from all the postings and various trades. Almost all of them are going into positive pips as long as they are correlated at least to some of the histograms of various time frames.

Some took all buys and some others took buys and sells combining various time periods.

I think FH was right in telling us to create a basket of at least 6 pairs .
  • #1,860
  • Jun 12, 2011 9:22pm Jun 12, 2011 9:22pm
One thing that I don't agree with FH at this point is where he said to try to have an equal number of buys and sells.

Like on Friday, the indicator had all sells (a LOT of them) except for 2 buys (that I remember), and they all won.

And right now I have 13 buys and 1 sell and they are ALL winning, every one of them.

HOWEVER, he may be right because he has been doing baskets a lot longer than me and has way more experience with trading them. I just haven't seen it matter yet.
Always a Student, Never a Master - Emulate What Works
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