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Trading system using relative strength

  • #1,961
  • Jun 15, 2011 11:04am Jun 15, 2011 11:04am
here goes again..

Quoting chrisngch
Leekaq
I notice you have the indicator CCFp-Diff_(V2.0-MTF). Can you show me where to get it?

Thanks

chrisngch
Attached File(s)
File Type: ex4 CCFp-Diff_[v2.0-MTF].ex4   116 KB | 1,037 downloads
  • #1,962
  • Jun 15, 2011 11:05am Jun 15, 2011 11:05am
Quoting leekaq
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 for at least 3 absolute levels)
Couldn't find the CCFP-Diff[v2.0-MTF], where did you get it from ? It is not displayed on the forum, thanks to inform
Sorry, didn't see your threat - Thanks !!!
  • #1,963
  • Jun 15, 2011 11:09am Jun 15, 2011 11:09am
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

I guess i was right in choosing pairs today and closed everything from my cellphone (no screen shot at this time) but will post one later to confirm

Result:
+15.64£ - lot size 0.01 (closing time 16:45 BST) = roughly +500 pips
Next trade time = 0:00 BST (1hr after the daily bars apper - Broker Alpari)
  • #1,964
  • Jun 15, 2011 11:19am Jun 15, 2011 11:19am
Quoting leekaq
here goes again..
Leekaq

Thank you

Chrisngch
  • #1,965
  • Jun 15, 2011 11:20am Jun 15, 2011 11:20am
the indicator was developed by FerruFx as well.. i think I got it somewhere in one of the other 2 similar threads.. (u should see them (the threads) at the bottom of this page.. i did my time there too u know.. ).. FH did showed it in one of his template if i am not mistaken..

Quoting cocoth
Couldn't find the CCFP-Diff[v2.0-MTF], where did you get it from ? It is not displayed on the forum, thanks to inform
Sorry, didn't see your threat - Thanks !!!
  • #1,966
  • Jun 15, 2011 11:24am Jun 15, 2011 11:24am
damn ..by the time i post this my TP of 100 pips already reached..
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade7.JPG Size: 126 KB
  • #1,967
  • Jun 15, 2011 11:27am Jun 15, 2011 11:27am
Quoting leekaq
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)
Thanks for your post Leekaq !
If my theory is right - and from what I have experimented and analysed looking at the charts over and over again, below is my assumption on why some of your trades went into –ve.

From your initial 1D Histogram

Selling - GBP/USD = -1 +7 = +6 (resultant value too high +6>+4, therefore the probability of USD moving down are too high and GBP is on a -1, which is not strong enough).
Selling – EUR/CAD -1+7 =+6 (the above analysis applies)
Buying – AUD/CHF = +5 -8 = -3 (resultant strength is a –ve number, not a good currency pair to trade)

Basically, I am trying to find a relation between individual currencies and compare that to a pair’s overall strength.
Don’t know if this is stupid or right may be FH or ES can make a comment. Awaiting response on my analysis.
  • #1,968
  • Jun 15, 2011 11:41am Jun 15, 2011 11:41am
Quoting leekaq
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)
For your analysis, are you using the Bar or MA ?
  • #1,969
  • Jun 15, 2011 12:10pm Jun 15, 2011 12:10pm
MA

Quoting cocoth
For your analysis, are you using the Bar or MA ?
  • #1,970
  • Jun 15, 2011 12:54pm Jun 15, 2011 12:54pm
http://img221.imageshack.us/img221/1...0611result.png

Results of my previous trade
  • #1,971
  • Jun 15, 2011 12:59pm Jun 15, 2011 12:59pm
Quoting leekaq
here goes again..

Thank you Leekaq for sharing your point of view without asking anything in return. The best entries I have seen are those created by your 3 TF´s: M30/H1/H4 all together.

This thread is getting more and more friendly. I hope it stays that way.....
  • #1,972
  • Jun 15, 2011 1:41pm Jun 15, 2011 1:41pm
Quoting leekaq
damn ..by the time i post this my TP of 100 pips already reached..

Hello,

Can you please share your template with those TF combinations?

Thanks in advance.
  • #1,973
  • Jun 15, 2011 2:35pm Jun 15, 2011 2:35pm
What is the trade level setting for? Trade Level 1, 2, 3, 4--- can someone please explain.

Thank you.
  • #1,974
  • Jun 15, 2011 3:55pm Jun 15, 2011 3:55pm
Quoting Caillou
Thank you Leekaq for sharing your point of view without asking anything in return. The best entries I have seen are those created by your 3 TF´s: M30/H1/H4 all together.

This thread is getting more and more friendly. I hope it stays that way.....
The original method of this system was not a MTF system, and FH introduced his idea using other TF's to look for a better analysis, which I really liked.

But then I noticed 1H is often not necessary or not even helpful. I was hoping to use 15M and 5M for scalping as well in the same manner. But now I focus more on 4H and 1D, and I think this is what ES and FH do most of the time.

Although I am not sure still which settings are the best for this indi. Current 1D seems to be good but current 4H, IMO, not that good? Maybe I should test with MA instead of bars...

In the end, I will analyze charts myself to see better entries though. The info by the indi itself is valuable, and I simply refer to it when I trade.
A successful trading depends on knowing what to analyze.
  • #1,975
  • Jun 15, 2011 5:28pm Jun 15, 2011 5:28pm
These are my new trades on the new daily bars...

http://img6.imageshack.us/img6/719/0006160611.png
  • #1,976
  • Jun 15, 2011 5:31pm Jun 15, 2011 5:31pm
Quoting cocoth
Couldn't find the CCFP-Diff[v2.0-MTF], where did you get it from ? It is not displayed on the forum, thanks to inform
Sorry, didn't see your threat - Thanks !!!
For your own information :

http://www.forexfactory.com/showthre...07#post2304807
806/page 54

Here's attached the new releases of the CCFp-Diff and CCFp-Diff MTF.

Now both versions have included the option "current" (true/false) instead of having a separate version.

The MTF version have the Alert coded when at least 1 suggestion is there at the new refreshing period (the smallest of the 4 TFs selected in the inputs).

Enjoy.

FerruFx
Attached Files
  • #1,977
  • Jun 15, 2011 6:02pm Jun 15, 2011 6:02pm
Quoting balouf
For your own information :

http://www.forexfactory.com/showthre...07#post2304807
806/page 54

Here's attached the new releases of the CCFp-Diff and CCFp-Diff MTF.

Now both versions have included the option "current" (true/false) instead of having a separate version.

The MTF version have the Alert coded when at least 1 suggestion is there at the new refreshing period (the smallest of the 4 TFs selected in the inputs).

Enjoy.

FerruFx
Attached Files
Thanks
  • #1,978
  • Jun 15, 2011 7:30pm Jun 15, 2011 7:30pm
Here were my trades for tonight. There were only 4 trades, all Buys. I only went for 40 pips, got 41. It went from 25 negative to 36 positive to about 30 negative, back to positive, back to negative, got tired of it.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-15-Trades.jpg Size: 86 KB
Always a Student, Never a Master - Emulate What Works
  • #1,979
  • Jun 15, 2011 8:34pm Jun 15, 2011 8:34pm
the longer the pairs stay in MTF M30H1H4, the more pips going into yr pocket..
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade9.JPG Size: 106 KB
  • #1,980
  • Jun 15, 2011 8:54pm Jun 15, 2011 8:54pm
is good that use.Current be ON or OFF ?
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