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Trading system using relative strength

  • #1,941
  • Jun 15, 2011 5:27am Jun 15, 2011 5:27am
I'd like to have an indicator that displays numerically just to the right of the current bar how many pips the current bar is positive or negative.

The reason why is because if I have say 15-20 charts open I have no easy way to tell how much a bar has moved because the charts are so small.

If you put 2 different pairs on 2 different charts side by side one can be up 50 pips and the other 100 and it's hard visually to immediately see that.
Always a Student, Never a Master - Emulate What Works
  • #1,942
  • Jun 15, 2011 5:35am Jun 15, 2011 5:35am
Quoting RobinHood
I'd like to have an indicator that displays numerically just to the right of the current bar how many pips the current bar is positive or negative.

The reason why is because if I have say 15-20 charts open I have no easy way to tell how much a bar has moved because the charts are so small.

If you put 2 different pairs on 2 different charts side by side one can be up 50 pips and the other 100 and it's hard visually to immediately see that.
What about having an indicator which can be installed on the same screen as the CCFP and display the number of pips for each open trade with the total done for all pairs. Would it be also possible ?
  • #1,943
  • Jun 15, 2011 5:45am Jun 15, 2011 5:45am
That would be even better. I had not thought of that. I'm always amazed at how the brain can get stuck on one idea and then not see the obvious.
Always a Student, Never a Master - Emulate What Works
  • #1,944
  • Jun 15, 2011 5:47am Jun 15, 2011 5:47am
Quoting RobinHood
That would be even better. I had not thought of that. I'm always amazed at how the brain can get stuck on one idea and then not see the obvious.
As obviously this is not done already, I have asked my coder to prepare this indicator with the option to have the list on a separate screen and having the possibility to have the indi on each screen.... we will be both happy like that :-)
  • #1,945
  • Jun 15, 2011 6:04am Jun 15, 2011 6:04am
Personally I'd like to have it displayed just to the right of each pair listed on the suggestion list with the ablity to turn it on or off.

AND/OR.... I'd like to have it display the number of pips for just the histogram (just above or below it) but shown ONLY for the pairs that you have the Trade Level set to with the ablity to turn it on or off.

So if you have the Trade Level set at 3, then it wouldn't show the number of pips for anything at Level 2 and below.
Always a Student, Never a Master - Emulate What Works
  • #1,946
  • Jun 15, 2011 8:36am Jun 15, 2011 8:36am
I have placed the following trade about 30 mins back ... Could you tell me what is wrong ? or am i in the right direction !
Thankx

http://s3.postimage.org/1sz2sv6dg/1407_150611.jpg
  • #1,947
  • Jun 15, 2011 9:14am Jun 15, 2011 9:14am
Quoting _zak
I have placed the following trade about 30 mins back ... Could you tell me what is wrong ? or am i in the right direction !
Thankx

http://s3.postimage.org/1sz2sv6dg/1407_150611.jpg
Well, it seems the markets are quite strange today... Have the same problem as you. Have placed a basket which is not going to the right direction too... Let's see !
  • #1,948
  • Jun 15, 2011 9:31am Jun 15, 2011 9:31am
I can't read the trades on that chart and when I magnify it it just gets blurry, but I have 13 SELLS and 1 BUY currently.
Always a Student, Never a Master - Emulate What Works
  • #1,949
  • Jun 15, 2011 9:35am Jun 15, 2011 9:35am
Quoting leekaq
see how all the pairs in red circle are going? ...
Leekaq

You have made some changes to the Suggestions. How did you do that? Can you please share?

Thank you

chrisngch
  • #1,950
  • Jun 15, 2011 9:42am Jun 15, 2011 9:42am
Quoting cocoth
Well, it seems the markets are quite strange today... Have the same problem as you. Have placed a basket which is not going to the right direction too... Let's see !

I am not sure but should I have also placed the EUR/CAD & EUR/NZD – buys to balance my basket?

My reasoning for not placing those trades is as follows

  1. Though there is a buy signal on the 4 hr current chart, but when compared to 1D current chart it does not match.
  2. Looking at the 30 mins & 1H charts, the signals is to sell EUR/CAD & EUR/NZD. Therefore I did not trade them? am I again right in assuming this ?

  • #1,951
  • Jun 15, 2011 9:43am Jun 15, 2011 9:43am
Quoting RobinHood
I can't read the trades on that chart and when I magnify it it just gets blurry, but I have 13 SELLS and 1 BUY currently.
I definitely have a problem with my indicators today... started this morning already :-( On which TF did you choose your 13 trades ?
  • #1,952
  • Jun 15, 2011 9:47am Jun 15, 2011 9:47am
1440
Always a Student, Never a Master - Emulate What Works
  • #1,953
  • Edited 10:07am Jun 15, 2011 9:49am | Edited 10:07am
This shows 11 CURRENTLY, notice above I said 14 currently which it was at the time.

Attached Image
Always a Student, Never a Master - Emulate What Works
  • #1,954
  • Jun 15, 2011 9:52am Jun 15, 2011 9:52am
Quoting RobinHood
1440
I got it.... I was using the "slow" version of it. The faster one seems to be better and more accurate then.

Thanks RH
  • #1,955
  • Jun 15, 2011 9:52am Jun 15, 2011 9:52am
Quoting RobinHood
Attachment
Although i saw all 11at one point in time, but i chose those 8 which matched the MA 1440. Robin, can you post your current screen shot if possible - i could gather some information and build my knowledege with your live trades as well.

Thanks.
  • #1,956
  • Jun 15, 2011 9:59am Jun 15, 2011 9:59am
I have no live trades on right now. Personally, I dont like trading between now and when the market closes at 6:00 PM EST.

That's not to say that I never do, but it's rare, and never with baskets, at least never so far.
Always a Student, Never a Master - Emulate What Works
  • #1,957
  • Jun 15, 2011 10:01am Jun 15, 2011 10:01am
Quoting RobinHood
I have no live trades on right now. Personally, I dont like trading between now and when the market closes at 6:00 PM EST.

That's not to say that I never do, but it's rare, and never with baskets, at least never so far.

no worries, thanks for the information !
  • #1,958
  • Jun 15, 2011 10:31am Jun 15, 2011 10:31am
On CCFp-Diff_(V2.0-MTF), set Use Bar instead of MA to False.. everything else are default... (except aslo trade level)

The suggestions on MTF (M30 H1 and H4) are really accurate so far ..maybe good for 10-20 pips scalping.. However i will confirm the suggestions with H4 and D1 current for at least an absolute 3 bars when u combine both red and green levels.


Quoting chrisngch
Leekaq

You have made some changes to the Suggestions. How did you do that? Can you please share?

Thank you

chrisngch
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp2.0 MTF setup.JPG Size: 76 KB
  • #1,959
  • Jun 15, 2011 10:46am Jun 15, 2011 10:46am
Quoting leekaq
On CCFp-Diff_(V2.0-MTF), set Use Bar instead of MA to False.. everything else are default... (except aslo trade level)

The suggestions on MTF (M30 H1 and H4) are really accurate so far ..maybe good for 10-20 pips scalping.. However i will confirm the suggestions with H4 and D1 current for at least an absolute 3 bars when u combine both red and green levels.
Leekaq
I notice you have the indicator CCFp-Diff_(V2.0-MTF). Can you show me where to get it?

Thanks

chrisngch
  • #1,960
  • Edited 11:05am Jun 15, 2011 10:53am | Edited 11:05am
all pairs suggested in MTF brackets of M30, H1 and H4 were the main drivers for the positive results.. I've circled them in red for yr reference..
let's continue to monitor this.. BTW, i will keep adding a new pair to the basket once a new pair is suggested..(off coz after confirming with H1 and D1 histograms for at least 3 absolute levels)
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade6.JPG Size: 90 KB
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