Trading system using relative strength | Page 100 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System Using Relative Strength-Part 2 1,499 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading system using relative strength
Exit Attachments

Trading system using relative strength

  • #1,981
  • Jun 15, 2011 9:30pm Jun 15, 2011 9:30pm
Quoting leekaq
the longer the pairs stay in MTF M30H1H4, the more pips going into yr pocket..
Well, in fact the game consists of staying long enough to make enough profit to cover the losses. Simple game !
  • #1,982
  • Jun 16, 2011 12:26am Jun 16, 2011 12:26am
Quoting cocoth
Well, in fact the game consists of staying long enough to make enough profit to cover the losses. Simple game !

i fully agree on the point.. what i am doing is to find best possible basket entries for higher probability rate and at shortest time possible.

here is the latest trade i'm on..so far +180 pips.. i've also intoduced MTF H1D1 to create more suggestions... and also if u can see all suggestions would be compared to D1.. which i think still in line with what FH and ES have introduced.....anyway my basket juts hit TP 200 pips..
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade10.JPG Size: 120 KB
  • #1,983
  • Jun 16, 2011 12:43am Jun 16, 2011 12:43am
i just entered a new basket after last basket hit TP200 pips.. already new basket >150 pips,,,, hell of a ride,,, all sells though.. this time i just followed all the pair suggestions in MTF H1 D1...
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade11.JPG Size: 142 KB
  • #1,984
  • Jun 16, 2011 1:34am Jun 16, 2011 1:34am
http://i.imgur.com/tdKGR.png
a -ve draw down
  • #1,985
  • Jun 16, 2011 2:17am Jun 16, 2011 2:17am
Quoting leekaq
i just entered a new basket after last basket hit TP200 pips.. already new basket >150 pips,,,, hell of a ride,,, all sells though.. this time i just followed all the pair suggestions in MTF H1 D1...

i just closed this basket at +150 pips,, it went up close to 190 pips then drawn down to -80 pips before hitting my revised TP of +150 pips...
  • #1,986
  • Jun 16, 2011 2:45am Jun 16, 2011 2:45am
Quoting leekaq
i just closed this basket at +150 pips,, it went up close to 190 pips then drawn down to -80 pips before hitting my revised TP of +150 pips...
Excellent Trading. Regarding your settings is the "Use Current" True or False and do you only use Level 1 for all time frames?
  • #1,987
  • Jun 16, 2011 2:50am Jun 16, 2011 2:50am
3 pairs in the basket so far.. will add more once triggered.. i didn;t take (sell) GBPCHF as it is against D1 histogram..

attached is also the template i'm using...
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade13.JPG Size: 81 KB
Attached File(s)
File Type: tpl #1 basket bodoh.tpl   168 KB | 941 downloads
  • #1,988
  • Jun 16, 2011 2:55am Jun 16, 2011 2:55am
Quoting leekaq
3 pairs in the basket so far.. will add more once triggered.. i didn;t take (sell) GBPCHF as it is against D1 histogram..

attached is also the template i'm using...
nice, leeqaq Many thankx for shareing your screen shots while entering and exiting -
  • #1,989
  • Jun 16, 2011 2:56am Jun 16, 2011 2:56am
Quoting Hammo
Excellent Trading. Regarding your settings is the "Use Current" True or False and do you only use Level 1 for all time frames?
Use current set to true,,,level 1 is for bigger numbers of suggestion pairs.. u will certainly get 0 pair if set to 2 as this is multi time frame macthing. i would still refer each suggested pairs against D1 histogram for trend confirmation...
  • #1,990
  • Jun 16, 2011 3:30am Jun 16, 2011 3:30am
Quoting leekaq
Use current set to true,,,level 1 is for bigger numbers of suggestion pairs.. u will certainly get 0 pair if set to 2 as this is multi time frame macthing. i would still refer each suggested pairs against D1 histogram for trend confirmation...
Thanks for the confirmation and yes, not only the Histogram but I like to ensure that there is room to move between the Supply and demand levels on the higher level time chart.
Thanks for putting up your template
  • #1,991
  • Jun 16, 2011 3:43am Jun 16, 2011 3:43am
Quoting leekaq
3 pairs in the basket so far.. will add more once triggered.. i didn;t take (sell) GBPCHF as it is against D1 histogram..

attached is also the template i'm using...
I am wondering why your suggestion list is showing GPB/JPY in Sell as the Histo in H1 are not confirming this. So, it seems you are having different settings on the Histo and on the list, is it correct ?

Then, do you use a certain timing to enter the trades or not necessary ? eg every hour, every 4h, etc... ?
  • #1,992
  • Jun 16, 2011 4:09am Jun 16, 2011 4:09am
i am not sure myself but there are 2 different indies used,,,however i dont think there are any parameter settings in them.. i think the sell suggestion is prompted when a currency is weaker than the other one even though both are on green levels...

Right now i try to enter trades 15-30 minutes after a new market opens..

BTW, i've added new pairs on the existing basket,,+60 pips so far....the news 30 minutes ago helped to rebound GBP pairs much earlier than usual...well it could go the other way...



Quoting cocoth
I am wondering why your suggestion list is showing GPB/JPY in Sell as the Histo in H1 are not confirming this. So, it seems you are having different settings on the Histo and on the list, is it correct ?

Then, do you use a certain timing to enter the trades or not necessary ? eg every hour, every 4h, etc... ?
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade14.JPG Size: 121 KB
  • #1,993
  • Jun 16, 2011 4:22am Jun 16, 2011 4:22am
i am about to close this basket and get out from office...(i am an engineer by profession u know.. ).. cya guys tonite..
Attached Image (click to enlarge)
Click to Enlarge Name: ww25.4 trade15.JPG Size: 127 KB
  • #1,994
  • Jun 16, 2011 4:45am Jun 16, 2011 4:45am
excellent! Did not realize to use MA with suggestion level 1. The combination of this could be more useful.

Really, I always set the suggestion level 2, got nothing most of the time.
A successful trading depends on knowing what to analyze.
  • #1,995
  • Jun 16, 2011 5:11am Jun 16, 2011 5:11am
Quoting Pipdealer
excellent! Did not realize to use MA with suggestion level 1. The combination of this could be more useful.

Really, I always set the suggestion level 2, got nothing most of the time.
I am also checking on this, but have realized that MA = True & MA = False display completely opposite results.

Then, I was wondering if it is the market which is choppy and if we have divergence between MA (True & False), it could be a sign for not trading. Am checking to take pairs which matches between both and see if the results are more solid... will inform later on

or maybe what is not on discordance is on accordance (not sure this is english !)
  • #1,996
  • Jun 16, 2011 5:31am Jun 16, 2011 5:31am
Thanks again to Leekaq, his suggestion for MTF is working great for me.

I have a very similar template, 4 groups of suggestions: M30/H1/H4, H1/H4, H1/D1, H4/D1
Every 30 min, I take suggestions for M30/H1/H4. Each time a new trade appears in this group, I take it too. I have MPTM from Steve with Total Profit for the Basket 50.-$.

Itīs too early, but since this morning 4 baskets, account up 2.31%, max DD 1.51%..

I have attached indicator, template, EA, set file for EA and Balance.

Letīs see......
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Attached File(s)
File Type: ex4 CCFp-Diff_[v2.0-MTF].ex4   116 KB | 1,335 downloads
File Type: tpl Basket.tpl   27 KB | 1,221 downloads
File Type: mq4 Multi purpose trade manager.mq4   102 KB | 1,150 downloads
File Type: txt basket.set.txt   5 KB | 1,225 downloads
  • #1,997
  • Jun 16, 2011 5:37am Jun 16, 2011 5:37am
Quoting Caillou
Thanks again to Leekaq, his suggestion for MTF is working great for me.

I have a very similar template, 4 groups of suggestions: M30/H1/H4, H1/H4, H1/D1, H4/D1
Every 30 min, I take suggestions for M30/H1/H4. Each time a new trade appears in this group, I take it too. I have MPTM from Steve with Total Profit for the Basket 50.-$.

Itīs too early, but since this morning 4 baskets, account up 2.31%, max DD 1.51%..

I have attached indicator, template, EA, set file for EA and Balance.

Letīs see......
Thanks for this great report indeed.

As I am trying to find out what is the best solution between MA = True/False, what is your point of view on this question ?
  • #1,998
  • Jun 16, 2011 5:44am Jun 16, 2011 5:44am
i hv decided to change to MA= true after seeing multiple huge draw down when trading with D1 histogram (bar) only. Yes, i see the opposite suggestion as well when change to MA=true. With all the MTF filterings, typically we should see better probabilities and faster turn around to + pips.
So far with this config, the biggest DD i hv seen was about 200 pips on 6 pairs bracket...

If u guys are testing this method, please continue to report yr findings, settings etc so that we can help each others. I myself only started to test this like 3 days ago, so there must be further improvement needed... ..

Quoting cocoth
I am also checking on this, but have realized that MA = True & MA = False display completely opposite results.

Then, I was wondering if it is the market which is choppy and if we have divergence between MA (True & False), it could be a sign for not trading. Am checking to take pairs which matches between both and see if the results are more solid... will inform later on

or maybe what is not on discordance is on accordance (not sure this is english !)
  • #1,999
  • Jun 16, 2011 5:47am Jun 16, 2011 5:47am
Quoting cocoth
Thanks for this great report indeed.

As I am trying to find out what is the best solution between MA = True/False, what is your point of view on this question ?
Hi,

I just believe in results, last week I have tried a lot of combinations between TFīs with Use Bar instead of MA= True and results were not good.

Maybe a different market last week, maybe other reasons, Iīm not sure but for now Use Bar instead of MA= False works better for me. But itīs just one morning, too early....
  • #2,000
  • Jun 16, 2011 6:02am Jun 16, 2011 6:02am
Quoting Caillou
Hi,

I just believe in results, last week I have tried a lot of combinations between TFīs with Use Bar instead of MA= True and results were not good.

Maybe a different market last week, maybe other reasons, Iīm not sure but for now Use Bar instead of MA= False works better for me. But itīs just one morning, too early....
Yes, most probably the best is to stick with one method. As no system can be 100% perfect, the results should be higher to keep on the same track
1 trader viewing now