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Trading system using relative strength

  • #2,101
  • Jun 27, 2011 9:35am Jun 27, 2011 9:35am
Thanks ES & FH,

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


Umesh Patel
Attached Image (click to enlarge)
Click to Enlarge Name: +150 pips.jpg Size: 75 KB
  • #2,102
  • Jun 27, 2011 9:39am Jun 27, 2011 9:39am
Umpats,

It would help everyone if you would share your settings that helped you set up this basket.

Gila
  • #2,103
  • Jun 27, 2011 10:08am Jun 27, 2011 10:08am
Quoting gilab
Umpats,

It would help everyone if you would share your settings that helped you set up this basket.

Gila
Yes, agree... life is pretty difficult in here

Would like to know when you enter your trades too. Do you open them at the beginning of the
new H4 bar or do you have different setup ?

Thanks to advice
  • #2,104
  • Jun 27, 2011 10:25am Jun 27, 2011 10:25am
I'm no expert at Basket Trading but here's what I've found...

Last night when the market opened, I got signals for 11 pairs.

At one point, every pair was positive pips except for 1 of them.

Today, right now, all 11 pairs are losing.

So depending on when you look at that basket over a 24 hr period, it looks GREAT or HORRIBLE.

Moral of the story is...

You can't control what the market does concerning your trades, but you can control how you react to what it does concerning your trades.

You do that by using REASONABLY SIZED or LOGICALLY PLACED, STOP LOSSSES and PROFIT TARGETS.

"Pigs get fat, hogs get slaughtered"
Always a Student, Never a Master - Emulate What Works
  • #2,105
  • Jun 27, 2011 11:00am Jun 27, 2011 11:00am
Quoting RobinHood

Moral of the story is...

You can't control what the market does concerning your trades, but you can control how you react to what it does concerning your trades.

You do that by using REASONABLY SIZED or LOGICALLY PLACED, STOP LOSSSES and PROFIT TARGETS.

"Pigs get fat, hogs get slaughtered"
Of course you have to use reasonable SL's and profit targets, but if we aren't interested in finding better than random entries, why bother using this system. You can just enter trades randomly and then manage (which is not such an outlandish idea). But I thought we were using currency relative strength to find the better entries.

BTW, when I worked on Wall Street, the saying was "Bulls make money, bears make money, pigs get slaughtered."
  • #2,106
  • Jun 27, 2011 11:13am Jun 27, 2011 11:13am
Quoting gilab
Of course you have to use reasonable SL's and profit targets, but if we aren't interested in finding better than random entries, why bother using this system.
If you enter 11 pairs and 10 are profitable, I'd say that the indicator that told you which pairs to trade, and in which direction is a bit more accurate than RANDOM. I'd dare say, most humans couldn't do that.

My point really was...nothing is perfect, and it's up to you to effectively manage your trades once you are in them.

"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and, if they can't find them, make them" -- George Bernard Shaw
Always a Student, Never a Master - Emulate What Works
  • #2,107
  • Jun 27, 2011 4:01pm Jun 27, 2011 4:01pm
Hello everyone
I'm following this thread for almost one year. After using all the settings
with all the indicators available, and after blowing-up several accounts
(demo, ofcourse), I just came up with same settings .
I have a succes rate of 95% ,with just 2 or 3 baskets per day.
But in order to complete my settings I NEED YOUR HELP
I need that somebody add the input USE CURRENT to the indicator
Attached(if it is possible, of course)

Allways a pleasure

Dan
Attached File(s)
File Type: mq4 CCFp_Close_v1.0vert.mq4   19 KB | 845 downloads
  • #2,108
  • Jun 27, 2011 8:27pm Jun 27, 2011 8:27pm
Quoting cocoth
Yes, agree... life is pretty difficult in here

Would like to know when you enter your trades too. Do you open them at the beginning of the
new H4 bar or do you have different setup ?

Thanks to advice
Dear Cocoath and gilab,

I am still using the indicator and setting of the post#1 of ES , even same rule , no setting in the indicator.

Umesh Patel
  • #2,109
  • Edited 9:10am Jun 28, 2011 9:09am | Edited 9:10am
Quoting dansmol
Hello everyone
I'm following this thread for almost one year. After using all the settings
with all the indicators available, and after blowing-up several accounts
(demo, ofcourse), I just came up with same settings .
I have a succes rate of 95% ,with just 2 or 3 baskets per day.
But in order to complete my settings I NEED YOUR HELP
I need that somebody add the input USE CURRENT to the indicator
Attached(if it is possible, of course)

Allways a pleasure

Dan

There u go.

Cheers

Pat
Attached File(s)
File Type: ex4 CCFp_Close_v1.1vert.ex4   23 KB | 998 downloads
  • #2,110
  • Jun 28, 2011 10:27am Jun 28, 2011 10:27am
I am coupling this with Stochs indi from Kelvinator thread..not too sure if we gonna call this as basket trading anymore since every single pair enty now need to be verified against the stochs for MOM.. but bottom line is I have not managed to blow my account yet for the past 2 weeks... 20% gain so far with lowest DD close to 90 pips....
  • #2,111
  • Jun 29, 2011 8:32pm Jun 29, 2011 8:32pm
Dear ES & FH,

We are very new in this thread and joined couple of days back.
We miss u here and miss your comments .
Please post your basket so we new comers learn from.

Thanks.

Umesh Patel
  • #2,112
  • Jun 29, 2011 9:30pm Jun 29, 2011 9:30pm
Quoting umpats
Dear ES & FH,

We are very new in this thread and joined couple of days back.
We miss u here and miss your comments .
Please post your basket so we new comers learn from.

Thanks.

Umesh Patel
Here you go.
Today's Trades
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 139 KB
  • #2,113
  • Jun 29, 2011 9:32pm Jun 29, 2011 9:32pm
Above trades were from this Template
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 171 KB
  • #2,114
  • Jun 29, 2011 10:07pm Jun 29, 2011 10:07pm
closed with 79 + pips.
  • #2,115
  • Jun 29, 2011 11:42pm Jun 29, 2011 11:42pm
Quoting ES Trader
Above trades were from this Template
nice pips but how do you chose the pair whic to trade ?
  • #2,116
  • Jun 30, 2011 8:33pm Jun 30, 2011 8:33pm
Quoting ES Trader
Above trades were from this Template
Dear ES,

Thank you very much for posting the basket, we new comers learn from your basket and compare with out basket and try to find our mistake so next time we will take care.

Thank you once again, please carry to display basket with the template.

Yesterday i made +110 Pips.

Umesh Patel
  • #2,117
  • Jun 30, 2011 9:35pm Jun 30, 2011 9:35pm
Quoting ES Trader
closed with 79 + pips.

Hello ES,

Is there any exit or close critaria u used??
how u decide to exit??

because in my case i left for some time my trade open and when i see profit , whether it is +10 or +110 i closed the trade.

please share your exit criteria then it is more useful for us.

thanks again.

Umesh Patel
  • #2,118
  • Jul 1, 2011 10:07pm Jul 1, 2011 10:07pm
Hurrah...

At the end of the week total profit is +251 pips....

this is the first time this much profit with me so i am very happy and very much thank full to ES & FH for this thread.

Umesh Patel
  • #2,119
  • Jul 1, 2011 11:12pm Jul 1, 2011 11:12pm
Quoting umpats
Hurrah...

At the end of the week total profit is +251 pips....

this is the first time this much profit with me so i am very happy and very much thank full to ES & FH for this thread.

Umesh Patel
Congratulations Umesh! Good for you for putting in the time and effort into making the system work for you. Keep it going, and don't let anyone tell you it can't be done. Next week I want to see 400 pips!

FH
To improve is to change. To perfect, is to change often.
  • #2,120
  • Jul 2, 2011 12:16am Jul 2, 2011 12:16am
Quoting forexhard
Congratulations Umesh! Good for you for putting in the time and effort into making the system work for you. Keep it going, and don't let anyone tell you it can't be done. Next week I want to see 400 pips!

FH
Thank you FH for appreciation.

I will try to stick on the rule and will make +400 pips as per your suggestion.

Umesh Patel
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