Trading system using relative strength | Page 104 | 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

  • #2,061
  • Jun 20, 2011 9:36pm Jun 20, 2011 9:36pm
Quoting forexhard
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.
Hello Mr. ES and FH,

I am quite success with this thread and thank you very much both of u.

I need one guidance from you, as i am working professional so no much time to stare at the PC. so can u give some guidance about the TP and SL . or when to close the basket??

Thanks in advance.

Umesh Patel
  • #2,062
  • Edited 5:19am Jun 21, 2011 1:38am | Edited 5:19am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
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...
That's amazing!!!

I'll be waiting for news. Thanks in advance.

p.s. Started live trading with this strategy :-) So far, so good.
--- nothing to say ---
  • #2,063
  • Jun 21, 2011 6:14pm Jun 21, 2011 6:14pm
From Lenoxer:

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. ....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? .... It is the self-control to trade consistently through the inevitable losses to get to your longer-term edge.

Best advice yet that I've read through all 138 pages of this thread....
  • #2,064
  • Jun 21, 2011 6:52pm Jun 21, 2011 6:52pm
Quoting davelansing
From Lenoxer:

[b]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. ....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? .... It is the self-control to trade consistently through...
What advice? It was simply a rhetorical question, and one that could be applied to absolutely every trading system ever created. Advice would be Lenoxer answering the question he poses, but he doesn't do that. He simply throws water on everyone else's hard work here and walks away.

Lenoxer has said repeatedly that he is not a trader himself. So why he keeps coming in here to disrupt the thread is a question that I'd like answered -- but I'm not holding my breath.

BTW, has anyone else in here been approached by Lenoxer in private? I have. He wanted to know all the details of how I trade. And when I refused to give him what he asked for he said if I told him then he could find me a job trading in a fund with millions of dollars. Anyone else have a similar story?
To improve is to change. To perfect, is to change often.
  • #2,065
  • Jun 22, 2011 12:49am Jun 22, 2011 12:49am
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 last...

Would be greatly interested in this progress for the CCfp
  • #2,066
  • Jun 22, 2011 3:45am Jun 22, 2011 3:45am
maybe we should couple the CCfp indi with some kind of stochs to determine MOM strenght and direction for better filtering..
  • #2,067
  • Jun 22, 2011 4:29am Jun 22, 2011 4:29am
Quoting leekaq
maybe we should couple the CCfp indi with some kind of stochs to determine MOM strenght and direction for better filtering..
I am just playing with the indicator itself between the BAR & MA on the same TF; Gives good signals if the currencies matches or not
  • #2,068
  • Jun 22, 2011 4:49am Jun 22, 2011 4:49am
Quoting ronzzer
I hope this CORRECTED contribution helps everyone. Sorry for the confusion before.

These 2 SCRIPTS (put them in your SCRIPTS directory) will allow you to MANUALLY open and close orders based on the StrengtheningBase and WeakeningBase lines that you find using the CCFp indicator.

These scripts are tied together with a unique MagicNumber, and should not interfere with other EAs or manual trades.

The Pairs property gives you the ability to match your brokers offerings. You must edit the Pairs property to match your broker, including any trailing...

Hey Mr. Ron,

i read this thread from the begining and start the basket trading.
i need your help , i need a EA which close the order when the price cross the RSI 21 EMA.
can u please help me in this.
my personal id is [email protected]

Thanks

Umesh Patel
  • #2,069
  • Jun 22, 2011 4:51am Jun 22, 2011 4:51am
Quoting Ronald Raygun
I realize this is your first post, but have you read through the entire thread?
Hey Mr. Ron,

i read this thread from the begining and start the basket trading.
i need your help , i need a EA which close the order when the price cross the RSI 21 EMA.
can u please help me in this.
my personal id is [email protected]

Thanks

Umesh Patel
  • #2,070
  • Jun 22, 2011 5:28am Jun 22, 2011 5:28am
Quoting forexhard
What advice? It was simply a rhetorical question, and one that could be applied to absolutely every trading system ever created. Advice would be Lenoxer answering the question he poses, but he doesn't do that. He simply throws water on everyone else's hard work here and walks away.

Lenoxer has said repeatedly that he is not a trader himself. So why he keeps coming in here to disrupt the thread is a question that I'd like answered -- but I'm not holding my breath.

BTW, has anyone else in here been approached by Lenoxer in private? I have. He...
---------------------------------------------------------------
Dear Thread,

I am a bit mystified by Foxhard's obstreperous, bullying tone as well as his fallacious quotation of my PM to him. My concern in writing my previous email was to focus some attention on the macro thinking that needs to go into basket trading, i.e. discovering and isolating the indicator's real edge and informational content, and not to lose oneself in the minutae of various SL and TP parameter settings. It is this focus on minutae at the expense of good theoretical thinking that leads people to tinker systems out of any edge whatsoever.

My best,

Lenoxer
  • #2,071
  • Edited 6:26am Jun 22, 2011 5:56am | Edited 6:26am
Lenoxer wrote:
I am a bit mystified by Foxhard's obstreperous, bullying tone

You have admitted more than once that you are not even a trader. Yet you have the temerity to enter a discussion where advice is being generously given out by people trading real money with this system, and you expect your words to carry the same weight, and you are offended when they do not.

....as well as his fallacious quotation of my PM to him.

I am not misquoting you. I still have every one of your private emails J.K., and if you push me any further I will show them.

My concern in writing my previous email was to focus some attention on the macro thinking that needs to go into basket trading, i.e. discovering and isolating the indicator's real edge and informational content, and not to lose oneself in the minutae of various SL and TP parameter settings.

In which case you are saying exactly the same thing as I have said already. But between the 2 of us, I am the one trading this system for real, not just reading about it.

So you are not a trader, and you are simply re-hashing the very things I have said myself, just with different words. Thank you so much for your "help".
To improve is to change. To perfect, is to change often.
  • #2,072
  • Edited 8:29am Jun 23, 2011 5:55am | Edited 8:29am
Dear all,

Please find in attached the new indicator, called "orderinfo_indicator" which is a pip counter. I fount it very useful to know how many pips the whole basket has done.

You can fix this indicator on the same screen as the CCFP indi to have a summary of all pair traded or/and fix this indi on each individual pair screen to display the exact journey of your trade.

Fix the settings as follows :

1/ To display all pairs on 1 screen :
- filter_by_symbol = false
- num_symbol = 1
- symbol_list = "blank"
- base_symbol = "blank"
- base_lot = 0.0
- magic = 0

2/ To display the indi for 1 pair :
- filter_by_symbol = true
- num_symbol = 1
- symbol_list = "blank"
- base_lot = 0.0
- magic = 0

The rest of the settings are quite easy to understand.

Hope you will find it useful to calculate all your winning pips !
Attached File(s)
File Type: mq4 orderinfo_indicator.mq4   5 KB | 673 downloads
File Type: mqh eafunctions.mqh   32 KB | 602 downloads
  • #2,073
  • Jun 23, 2011 8:23am Jun 23, 2011 8:23am
I tried your indicator, but it would compile, because it can not find two files.... eafunctions.mqh and strfunctions.mqh. Could you post them?

Thanks.

Bruce

Quoting cocoth
Dear all,

Please find in attached the new indicator, called "orderinfo_indicator" which is a pip counter. I fount it very useful to know how many pips the whole basket has done.

You can fix this indicator on the same screen as the CCFP indi to have a summary of all pair traded or/and fix this indi on each individual pair screen to display the exact journey of your trade.

Fix the settings as follows :

1/ To display all pairs on 1 screen :
- filter_by_symbol = false
- num_symbol = 1
- symbol_list = "blank"
- base_symbol = "blank"
- base_lot...
  • #2,074
  • Jun 23, 2011 8:30am Jun 23, 2011 8:30am
Quoting brucech
I tried your indicator, but it would compile, because it can not find two files.... eafunctions.mqh and strfunctions.mqh. Could you post them?

Thanks.

Bruce
Bruce, have uploaded the eafunctions.mqh (I don't have the strfunctions.mqh, then it should work without it)

Please try at your end with the eafunctions.mqh and let me know if it works.

Thanks
  • #2,075
  • Jun 23, 2011 9:27am Jun 23, 2011 9:27am
Thanks ES & FH,

Withing just 10 minutes +150 pips.... Hurrahhhhhhhh

from last 3 days total +500 pips....

Umesh Patel
Attached Image (click to enlarge)
Click to Enlarge Name: +150 pips.jpg Size: 91 KB
  • #2,076
  • Edited 10:55am Jun 23, 2011 10:20am | Edited 10:55am
I have had some losses recently with this system using "current"setup :

use .current and use.bar.instead of Ma was kept true.

So I made a template with 4 histograms
with 4 settings:

true true
false false
false true
true and false.

Then I looked at the pairs and trade those pairs if they are present in all the 4 histogram suggestion.
i am looking for an indicator that will display automatically pairs that match all the 4 histograms
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 168 KB
  • #2,077
  • Jun 23, 2011 10:26am Jun 23, 2011 10:26am
Quoting umpats
Thanks ES & FH,

Withing just 10 minutes +150 pips.... Hurrahhhhhhhh

from last 3 days total +500 pips....

Umesh Patel
What settings and T/F are your using as a setup ?
  • #2,078
  • Jun 23, 2011 10:30am Jun 23, 2011 10:30am
Quoting ES Trader
I have had some losses recently with this system using "current"setup :

use .current and use.bar.instead of Ma was kept true.

So I created a template creating 4 histograms
with 4 settings:

true true
false false
false true
true and false.

Then I looked at the pairs and trade those pairs if they are present in all the 4 histogram suggestion.
i am looking for an indicator that will display automatically pairs that match all the 4 histograms
thanks
I totally agree, having an indicator which matches the Current, Fast, Intermediate together and matching different TF (Like the CCFp-Diff) could be excellent !
  • #2,079
  • Jun 23, 2011 10:53am Jun 23, 2011 10:53am
Quoting cocoth
I totally agree, having an indicator which matches the Current, Fast, Intermediate together and matching different TF (Like the CCFp-Diff) could be excellent !
Now let us hope some one can help with indicator that will display suggestion
that matches all 4 histograms
  • #2,080
  • Jun 23, 2011 11:00am Jun 23, 2011 11:00am
Quoting ES Trader
I have had some losses recently with this system using "current"setup :

use .current and use.bar.instead of Ma was kept true.

So I made a template with 4 histograms
with 4 settings:

true true
false false
false true
true and false.

Then I looked at the pairs and trade those pairs if they are present in all the 4 histogram suggestion.
i am looking for an indicator that will display automatically pairs that match all the 4 histograms
thanks
Another good combination. Never thought of that before. With that indi and compare with 4H, I think it will be perfect.
A successful trading depends on knowing what to analyze.
1 trader viewing now