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Trading system using relative strength

  • #2,041
  • Jun 16, 2011 10:01pm Jun 16, 2011 10:01pm
Quoting leekaq
this is traded with Bar = true suggestions...100 pips positive after 30 minutes.. i am seeing almost the same suggested pairs triggerd on MA MTF but like 5 minutes delay..
The "Top of the Top" would be to have the listing indicator to display both MA & BAR possibilites. Once it displays the list of pairs to trade, we are sure they are on the right direction on the Fast & Slow settings....
  • #2,042
  • Jun 16, 2011 10:10pm Jun 16, 2011 10:10pm
Quoting cocoth
The "Top of the Top" would be to have the listing indicator to display both MA & BAR possibilites. Once it displays the list of pairs to trade, we are sure they are on the right direction on the Fast & Slow settings....

dont know how difficult it's gonna be since the suggestion pairs keep on doing the disappearing act...
  • #2,043
  • Jun 16, 2011 10:18pm Jun 16, 2011 10:18pm
Quoting umpats
He leekaq,

Thanks for all your basket sharing.

I am also a engineer professional in GMT+8 so less time for the MT4.

my qustion is how you select a pair means on which histogram??
like i am selecting on based on only H4 histogram, what about u??
your result looks very attractive but i am not succeed this much, please guide me your selection criteria.

Umesh Patel
i guess no definte answers yet as we are continously under path finding mode now., but so far my entry is based on MTF m30, H1, H4 suggestions after confirmation with D1 current. Sometime I will confirm with H4 current as well if i decide to hit shorter TPT basket. If less pairs are suggested i will add new pairs from from MTF H1 H4 and MTF H1 D1 consecutively..
  • #2,044
  • Jun 16, 2011 10:20pm Jun 16, 2011 10:20pm
Quoting leekaq
i guess no definte answers yet as we are continously under path finding mode now., but so far my entry is based on MTF m30, H1, H4 suggestions after confirmation with D1 current. Sometime I will confirm with H4 current as well if i decide to hit shorter TPT basket. If less pairs are suggested i will add new pairs from from MTF H1 H4 and MTF H1 D1 consecutively..

Thank you Leekaq,

Will try your suggested style.

Umesh Patel
  • #2,045
  • Jun 16, 2011 10:52pm Jun 16, 2011 10:52pm
Quoting leekaq
i guess no definte answers yet as we are continously under path finding mode now., but so far my entry is based on MTF m30, H1, H4 suggestions after confirmation with D1 current. Sometime I will confirm with H4 current as well if i decide to hit shorter TPT basket. If less pairs are suggested i will add new pairs from from MTF H1 H4 and MTF H1 D1 consecutively..
When you check the confirmation with D1 current, have you observed already if the results are better with D1-Current-Bar or D1-Current-MA ?
  • #2,046
  • Jun 16, 2011 11:04pm Jun 16, 2011 11:04pm
Hi
I am having problem with loading the MT4 platform and moving around. It has been getting slower and slower. I have checked. There is no connectivity problem . I suspect it has to do with the indicators loaded onto the platform. Has anyone of you experience this before? Please help. I am sorry for asking this here.

Thanks

chrisngch
  • #2,047
  • Jun 16, 2011 11:12pm Jun 16, 2011 11:12pm
Quoting chrisngch
Hi
I am having problem with loading the MT4 platform and moving around. It has been getting slower and slower. I have checked. There is no connectivity problem . I suspect it has to do with the indicators loaded onto the platform. Has anyone of you experience this before? Please help. I am sorry for asking this here.

Thanks

chrisngch
No problem from here and I am running 8 screens with 28 charts... speed is still good
  • #2,048
  • Edited 4:51am Jun 17, 2011 1:35am | Edited 4:51am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting cocoth
The "Top of the Top" would be to have the listing indicator to display both MA & BAR possibilites. Once it displays the list of pairs to trade, we are sure they are on the right direction on the Fast & Slow settings....
Hi to everybody
I think something isn't working as it would.

I tried to load 2 different MT4 platform with same template and settings with 2 different brokers, ALPARI UK and FXCBS. I can understand spreads are different but more or less indis and hints SHOULD HAVE BEEN the same, or at least similar.
I was baffled seeing completely different results between the 2 MT4 platforms.
So the question is: who's right and who's wrong?

Does anyone have a explanation to it? Does anyone have made the same experiment?

Thanks a lot!!!
--- nothing to say ---
  • #2,049
  • Jun 17, 2011 2:06am Jun 17, 2011 2:06am
Quoting cocoth
When you check the confirmation with D1 current, have you observed already if the results are better with D1-Current-Bar or D1-Current-MA ?
sorry,,has not manage to do any further tests yet,, kind of busy with work schedule today..
  • #2,050
  • Jun 17, 2011 3:04am Jun 17, 2011 3:04am
Dear Thread,

You're never going to find the best exact settings for this indi---or any other for that matter---since the market is too dynamic for exacting optimization, which is generally what you all are searching for, it seems, unless I'm missing something. Which is a technical and an emotional mistake. It is a technical mistake because no settings will always work; and it is an emotional mistake because you'll never get yourself to the point of accepting the "poison" you need to live with. And "poison" is really the operative word here. What you might find, by contrast, is the best broadest setting. That is to say, the indicator can be broadly correct on the relative movement of GBP or USD in general while being specifically wrong on a particular pair. And whatever settings work today may not work well tomorrow but can, in the long term, be broadly profitable. So, the question is how to get into the long term? And isn't that always the question in trading and managing money? Which makes the central idea behind trading baskets to be broadly and not specifically correct. Which, perhaps, you can be. Again, the trick is not the indi settings; it is getting settings that are good enough. It is learning not to tinker the system beyond recognition. It is somehow finding within yourself the belief system (most difficult with tehcnical models) to trade the method without complication. It is the self-control to trade consistently through the inevitable losses to get to your longer-term edge.

My best,

Lenoxer

PS I am not a trader but, rather, a fund manager, and so remember that this advice is only vicariously lived and worth precisely what you paid for it.
  • #2,051
  • Jun 17, 2011 8:40am Jun 17, 2011 8:40am
Sorry guys,

I have been a bit confused between the use of the MA or BAR. Actually, I was not very clear on which gave faster signals.

then, I scrolled back on the threats and could read again the post no. 1474 from FH which put me back on track.
  • #2,052
  • Jun 17, 2011 8:54am Jun 17, 2011 8:54am
I think MA is slower. That is how I see anyway. Ultimately, I do not care faster/slower. I just want to figure out which one is a better signal overall.

You know, it could be the choppy market. No matter how hard we try, the indi will not work in this kind of market.

But that is not the point either, I know. I understand we want to know what settings are more accurate and give consistence results.

I do not know if you guys would like this kind of back-testing with the indi. or any other EA for that matter.

I do not use an automatic tester, but I see charts myself when I backtest. So I can eliminate choppy markets or extreme ones that are rather not helpful nor good example. I like to pick typical market moves when I test because those are the markets we see most of the time, no need to test on "rare" ones.
A successful trading depends on knowing what to analyze.
  • #2,053
  • Jun 17, 2011 10:14am Jun 17, 2011 10:14am
What Cocoth is referring to:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6histo_1.gif Size: 65 KB
Click to Enlarge Name: 6histo_2.gif Size: 77 KB
To improve is to change. To perfect, is to change often.
  • #2,054
  • Jun 17, 2011 10:56am Jun 17, 2011 10:56am
fully understood waht the guys meant ...anyway another quick 100 pips with MA indi after London closed. I am adding few more filtering methods for pairs selections entry,,i am not giving this up yet.. off coz there will never be a perfect system ..
  • #2,055
  • Jun 17, 2011 7:37pm Jun 17, 2011 7:37pm
Quoting forexhard
What Cocoth is referring to:
I remember the pic you provided a while back. I always wondered how the tick based setting would work.

Obviously I do not think we should jump in and out whenever this "tick-based" indi shows the new suggestions or the histogram renews. I think using tick can be way too sensitive, picking up some whipsaws.

I think using tick is only good for the entry after the new candle, but I am not sure for the exit because the indi can alert on and off sometimes. And this is what RobinHood mentioned.

Well, I look at charts anyway for entries and exits.
A successful trading depends on knowing what to analyze.
  • #2,056
  • Edited 11:18am Jun 20, 2011 1:11am | Edited 11:18am
Quoting forexhard
What Cocoth is referring to:
Does 6-3-3 MA Method mean:

MA_Method 3
Price 6
Fast 3
Slow 3 ?

Thank you.
  • #2,057
  • Jun 20, 2011 8:20am Jun 20, 2011 8:20am
I am also not giving up on this although I have lost a lot of times in a row. I am thinking to add a RSI filter to choose pairs as the method is RSI strength based.
Filter 1– use the individual currency pair to identify pairs and trends
Filter 2 – use the currency pair 4 hr chart to identify RSI currency pair strengths (to confirm if I am following the right trend)

Don’t know if someone can help me find an indicator that gives all possible currency pairs RSI in terms of Value ? I think this could prove as a 2nd good filter for the system! And possible exit strategies.

Comments please !
  • #2,058
  • Jun 20, 2011 12:51pm Jun 20, 2011 12:51pm
Last week I posted that I was writing a backtester for this strategy. I have put a lot of work into it and frankly do not know how much more time I will need to get it fully running. Below is a screen shot.

1. First I create all of the possible pair combinations possible from the currencies in the CCfp indie.
2. Second, I determine all of the broker pairs available and cull the first list with those not supported.
3. User specifies MTFs to use and indie automatically displays results for the day and start time as well as the results for the last 5 bars to show a trend of currency strength for each timeframe.
3. Then I provide a method of stepping through the history data a day at a time and stop at a specified hour to check out the currency strengths.
4. Then the user can select the buy and sell pairs that is to be traded. This is all done with your mouse.
-- Work to be done
5. Open the trades and the user can step through the history bars and observe the pair results and the basket results.
6. Display daily basket results and running results from beginning of test.
7. User can specify starting year and day for test start.

MT4 really sucks at dynamic object management, but I have things working pretty well. Should the screen not repaint automatically, there is a repaint control button to force an update.

This is beginning to feel overwhelming but all the code that I develop is re-usable so I'll be able to use it in the futher for any type of fixed time strategy.

Stay tuned - News at 11.

Regards,

KingHigh
Attached Image (click to enlarge)
Click to Enlarge Name: ccfptester.gif Size: 48 KB
  • #2,059
  • Jun 20, 2011 1:21pm Jun 20, 2011 1:21pm
Quoting KingHigh
Last week I posted that I was writing a backtester for this strategy. I have put a lot of work into it and frankly do not know how much more time I will need to get it fully running. Below is a screen shot.

1. First I create all of the possible pair combinations possible from the currencies in the CCfp indie.
2. Second, I determine all of the broker pairs available and cull the first list with those not supported.
3. User specifies MTFs to use and indie automatically displays results for the day and start time as well as the results for the...
Thanks KingHigh.
  • #2,060
  • Jun 20, 2011 1:51pm Jun 20, 2011 1:51pm
Amazing work, KH. This is exactly the type of boost this system has needed for over 2 years. I can't wait to try it out.
To improve is to change. To perfect, is to change often.
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