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Trading system using relative strength

  • #2,161
  • Aug 7, 2011 2:23am Aug 7, 2011 2:23am
can any one help me please

and give me abrief explanation for this good system

and also give the last version of the indicator and it's template
  • #2,162
  • Aug 7, 2011 4:36pm Aug 7, 2011 4:36pm
Quoting zelenko
can any one help me please

and give me abrief explanation for this good system

and also give the last version of the indicator and it's template
Read the whole post and you will get what you are looking for.
  • #2,163
  • Aug 13, 2011 9:20pm Aug 13, 2011 9:20pm
I have gone through the whole thread and this system sounds really good! Why is everyone gone? To busy raking in the pips

Or the system fails in the long run?

I am going to try it Monday myself, can't wait!

Thank you in advance....
  • #2,164
  • Aug 15, 2011 12:15pm Aug 15, 2011 12:15pm
Quoting 4xPIPAHOLIC
I have gone through the whole thread and this system sounds really good! Why is everyone gone? To busy raking in the pips

Or the system fails in the long run?

I am going to try it Monday myself, can't wait!

Thank you in advance....
Yes. I did go away from this system for a while looking for "HOLY GRAIL SYSTEM". Lost some $$ and came back to trade this again. This system has been consistently profitable, but I still went looking for another. I guess I learned a lesson.

Look at yesterdays trades. EVERY ONE of those recommendation made money.
Attached Image (click to enlarge)
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  • #2,165
  • Aug 15, 2011 7:12pm Aug 15, 2011 7:12pm
Quoting ES Trader
Yes. I did go away from this system for a while looking for "HOLY GRAIL SYSTEM". Lost some $$ and came back to trade this again. This system has been consistently profitable, but I still went looking for another. I guess I learned a lesson.

Look at yesterdays trades. EVERY ONE of those recommendation made money.
ES , the setup on your chart shows 4 different daily indis!?!?! Am I missing something? How do you trade this setup?

Thanks
  • #2,166
  • Aug 15, 2011 8:39pm Aug 15, 2011 8:39pm
ID 1: Use.Current = true, Use.Bar.instead.of.MA = false, X pos: 0
ID 2: Use.Current = false, Use.Bar.instead.of.MA = false, X pos: 200
ID 3: Use.Current = true, Use.Bar.instead.of.MA = true, X pos: 400
ID 4: Use.Current = false, Use.Bar.instead.of.MA = true, X pos: 600
  • #2,167
  • Aug 15, 2011 9:02pm Aug 15, 2011 9:02pm
Quoting the-game
ID 1: Use.Current = true, Use.Bar.instead.of.MA = false, X pos: 0
ID 2: Use.Current = false, Use.Bar.instead.of.MA = false, X pos: 200
ID 3: Use.Current = true, Use.Bar.instead.of.MA = true, X pos: 400
ID 4: Use.Current = false, Use.Bar.instead.of.MA = true, X pos: 600
Thanks for the setup info "The Game"! But without the feedback from the smaller time frames the draw downs can be quite big.
Is there a special way to trade this setup?

Thanks again.
  • #2,168
  • Aug 15, 2011 9:06pm Aug 15, 2011 9:06pm
Trade the smaller TFs then... experiment and create your own method.
Already lots of info here to help you out.
  • #2,169
  • Aug 15, 2011 9:46pm Aug 15, 2011 9:46pm
Todays signals. Went long CHFJPY and EURJPY. Closed with 40 pips +
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplivees1.gif Size: 71 KB
  • #2,170
  • Aug 16, 2011 4:03am Aug 16, 2011 4:03am
Hello,

I am also still with this system but only i am using some filter of CCI and RSI. all other are same as per the EStrader rules.

Umpats
  • #2,171
  • Aug 16, 2011 6:55pm Aug 16, 2011 6:55pm
Thank you all for the replies!
  • #2,172
  • Aug 16, 2011 7:16pm Aug 16, 2011 7:16pm

Hey, I found this thread very interesting, especially around 60-100 with Forexhard. I read it through the whole day and am on about page 125.

So here are my trades... Just going by Current Daily Signals and 4H.

Oh yeah! Special Thanks to ESTrader for the system and everyone else working at this system still.
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  • #2,173
  • Aug 16, 2011 8:02pm Aug 16, 2011 8:02pm
Signals and my trades for today. Out chfjpy ( went Long)with positive pips. Awaiting eurjpy to go down.
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplivees1.gif Size: 313 KB
  • #2,174
  • Aug 18, 2011 4:05am Aug 18, 2011 4:05am
Quoting ES Trader
Signals and my trades for today. Out chfjpy ( went Long)with positive pips. Awaiting eurjpy to go down.
ES, the indicator is causing a confusion to me. The indicator's 4 boxes shown are Suggestions for 1440 TF, Trading level 2, while the listed pairs are different in each box. In fact, CHFJPY is shown as BUY twice, and SELL once.


Q: does one just jump at the moment seeing the recommendation or there is an optimization entry procedure?

Q: What about SL and TP? I read almost the entire thread without finding answering to my above questions.

Thanks ES.
  • #2,175
  • Aug 18, 2011 11:54am Aug 18, 2011 11:54am
Quote
ES, the indicator is causing a confusion to me. The indicator's 4 boxes shown are Suggestions for 1440 TF, Trading level 2, while the listed pairs are different in each box. In fact, CHFJPY is shown as BUY twice, and SELL once.


Q: does one just jump at the moment seeing the recommendation or there is an optimization entry procedure?

Q: What about SL and TP? I read almost the entire thread without finding answering to my above questions.

I read The Histo and the MA instead the instructions, I am using this indicator to read the strength of currencies, for sure i have my own analysis and trading strategy , this indicator is really awesome and helpful to indicate the currencies (correlations) powers, for my self i don't use the small TF, I read the big trend (on the higher TF D1 is my fav TF), step by step well know if this ones is an outstanding indie.

Thank You So much For this great indicator ES Trader, the-game

Success for U guys

Regards

qqsamudra
It's Designed and Balance
  • #2,176
  • Aug 18, 2011 12:09pm Aug 18, 2011 12:09pm
Quoting qqsamudra
I read The Histo and the MA instead the instructions, I am using this indicator to read the strength of currencies, for sure i have my own analysis and trading strategy , this indicator is really awesome and helpful to indicate the currencies (correlations) powers, for my self i don't use the small TF, I read the big trend (on the higher TF D1 is my fav TF), step by step well know if this ones is an outstanding indie.

Thank You So much For this great indicator ES Trader, the-game

Success for U guys

Regards

qqsamudra
You are welcome. Hope you will be able to make lots of Green Pips !!. Closed my short EurJpy for Profit. Will wait for new signals at the opening of new Day Bar.
  • #2,177
  • Aug 18, 2011 12:11pm Aug 18, 2011 12:11pm
Quoting Walad100100
ES, the indicator is causing a confusion to me. The indicator's 4 boxes shown are Suggestions for 1440 TF, Trading level 2, while the listed pairs are different in each box. In fact, CHFJPY is shown as BUY twice, and SELL once.


Q: does one just jump at the moment seeing the recommendation or there is an optimization entry procedure?

Q: What about SL and TP? I read almost the entire thread without finding answering to my above questions.

Thanks ES.
Make your own basket looking at recommendations. Try to find pairs that are present in at least 3 of 4 histograms.
  • #2,178
  • Aug 18, 2011 1:26pm Aug 18, 2011 1:26pm
Quoting ES Trader
Make your own basket looking at recommendations. Try to find pairs that are present in at least 3 of 4 histograms.
* But the 4 histograms shown in your snapshot are all for the 1440 TF, yet, they show different pairs! (any explanation?)

* Do you jump right away into the trade or there is further optimization you do?

* What is your SL?

* the thread has been flooded with different versions of indicators. Which one to use? which template?

Thanks.
  • #2,179
  • Aug 20, 2011 12:03am Aug 20, 2011 12:03am
Thanks for the indicator, after reading through almost all the thread, i got 90+pips profit into my account yesterday with only a few hours. The indicator is amazing.


http://img405.imageshack.us/img405/8324/ccdiffv2.th.jpg
  • #2,180
  • Aug 20, 2011 1:03pm Aug 20, 2011 1:03pm
ES Trader ,I want to thank you for creating this tread and teaching me such a powerful method ! I also want to thank all the other members for there feedback and help that have definitely helped a lot with the evolution of this tread witch in return also helped me create my system of trading this method.

I trade 2 variations of this method, one with the ES's original indicator and one with the histogram. I find that for the time being the original indicator worked better last week on my demos, now that does not mean that the histograms don't work as good or better. The truth is I am a little confused by them since there are 3-4 variations of them and all show contradicting signals. So from next week I am going to stick to 1 histogram and understand how to use it better.

Either way results are amazing:

Original indicator: 100% SUCCESS!!!
Histogram : 85% SUCCESS!!!

I will let them run a little and after I will post my screen shots of my results.

Since I am only trading this system for 1 week I would appreciate any ideas on money management with this system, cause as I suspect sooner or later that will be the weak point in my system(the draw down), except of course if the SUCCESS rate is very high(over 80%)then I will be oookkkkk!!!

THANK YOU AGAIN!!!
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