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Trading system using relative strength

  • #2,301
  • Dec 28, 2011 1:34pm Dec 28, 2011 1:34pm
Quoting kepo38
dont understand where i made a mistake.

i entered 40 min. ago
It is a very quiet time of year as most traders are on holiday so the markets will be unpredictable. Best not to trade until the start of the new year.
  • #2,302
  • Dec 28, 2011 2:24pm Dec 28, 2011 2:24pm
Quoting Hugh Briss
It is a very quiet time of year as most traders are on holiday so the markets will be unpredictable. Best not to trade until the start of the new year.
Ok, thanks
  • #2,303
  • Dec 29, 2011 7:03am Dec 29, 2011 7:03am
i have entered some trades today

8.00hrs candle close and 12.00 hrs candle close

four orders goin on

sold eu/us, eu/cad, eu/gbp and nz/us

at present its in +51 pips..
  • #2,304
  • Dec 29, 2011 9:57am Dec 29, 2011 9:57am
Quoting kumarr81
i have entered some trades today

8.00hrs candle close and 12.00 hrs candle close

four orders goin on

sold eu/us, eu/cad, eu/gbp and nz/us

at present its in +51 pips..
Hi kumar,

Can you share with us your chart windows ?
  • #2,305
  • Edited 11:26am Jan 3, 2012 6:20am | Edited 11:26am
my experiment
A range of daily
position is not close, lock at the end of the day

Attached Image (click to enlarge)
Click to Enlarge Name: Snap_2012.01++++.png Size: 40 KB
  • #2,306
  • Jan 3, 2012 11:29am Jan 3, 2012 11:29am
closed position in the evening

Attached Image (click to enlarge)
Click to Enlarge Name: Snap_2012.01+.png Size: 40 KB
  • #2,307
  • Jan 3, 2012 11:35am Jan 3, 2012 11:35am
great trades u got there.

I've been combining this system with cicr long term system.

Right now +150 pips floating. 850 pips banked in 3 weeks
  • #2,308
  • Jan 3, 2012 11:39am Jan 3, 2012 11:39am
Quoting Dyekid217
great trades u got there.

I've been combining this system with cicr long term system.

Right now +150 pips floating. 850 pips banked in 3 weeks
Great approach!

Can you tell me your SL settings?
  • #2,309
  • Jan 3, 2012 11:48am Jan 3, 2012 11:48am
Quoting casperby
closed position in the evening

Attachment
Great results. Can you share your settings? Daily frame is understood. What are the other settings/levels you used?
  • #2,310
  • Jan 3, 2012 12:04pm Jan 3, 2012 12:04pm
Quoting gilab
Great results. Can you share your settings? Daily frame is understood. What are the other settings/levels you used?
I used CCFp_v1.0.2.ex4 and rStrength (1). V.04 (excel) (only DAILY)
opening positions shortly after the formation of daily candle

maybe it's just a good day
  • #2,311
  • Jan 3, 2012 2:04pm Jan 3, 2012 2:04pm
I did the same.. now I incorperate CICR to let me stay in the trades signalled for atleast another 3-4 days if the trade is going well rather than closing my positions and dealing with another spread.

less stressful as well. I did see great results just using ccfp but I felt like i was almost trading blindly.

Use this indicator to confirm with another system and you'll be banking it !

But if CCFP is all you need I always set a 100 or 75 pip stop and close out all positions by friday morning
  • #2,312
  • Jan 10, 2012 6:18pm Jan 10, 2012 6:18pm
Quoting ES Trader
Great to see more are trading this system. Yes, it is quite profitable. Try to stay on daily time frame. Try trading preferably when market is more active. I am not going to trade until beginning of new year. Right now most of the traders are on vacation. I usually trade Monday to Thursday, usually close all positions by Friday AM.

Good Luck and Happy New Year to you all.

Kris
ES Trader are you still trading the four daily setup.
Attached Image (click to enlarge)
Click to Enlarge Name: ES Trader.PNG Size: 22 KB
  • #2,313
  • Jan 11, 2012 5:15am Jan 11, 2012 5:15am
Quoting willmalou
ES Trader are you still trading the four daily setup.
i think, this system LOSS.. i tried it.
i dont understand
  • #2,314
  • Jan 13, 2012 1:48pm Jan 13, 2012 1:48pm
Hi ,
Which are the days in a week you trade this strategy? are you trading 5 days a week?

Regards,
Bedayan.
  • #2,315
  • Feb 18, 2012 8:47am Feb 18, 2012 8:47am
Quoting manistra
I think everyone interested in this thread should read carefully what original author of this indicator has to say how should be used.

http://articles.mql4.com/484

Also, there you can download indicator (i think ES Trader not mentioned it)
called Cfp which is basically oscilattor for chosen pair, but constructed using same algorythm as CCFp, it is working great
I agree CFP looks great
  • #2,316
  • Edited 4:15pm Mar 1, 2012 3:29pm | Edited 4:15pm
Quoting casperby
I used CCFp_v1.0.2.ex4 and rStrength (1). V.04 (excel) (only DAILY)
opening positions shortly after the formation of daily candle

maybe it's just a good day

Hello casperby. Where can I find these indis you are mentioning? I have the CCFp v1.02 indi. Where can I also read up to date info on how to use this indi and this system? Can you be a little more specific on how you use this system? Thank you very much.
  • #2,317
  • Mar 27, 2012 11:33am Mar 27, 2012 11:33am
For several weeks, I have noticed the cluster indicator CC-Diff [v2.0].ex4 (found in this thread) seems to only exhibit extreme JPY strength and weakness (5-10 bars). I could attribute this to JPY gaining momentum in the recent weeks but when USD was gaining strength/weakness, the histogram did not move to extreme reading and this got me concerned.

ES Trader, I would appreciate your comments and also from any traders who are actively using it.

Greatly appreciate if coders or the-game can help check the calculation code of USD and of other currencies and verify if the file is ok. Unfortunately, I do not have the mq4 file.

I have also attached CC for reference.
Thanks.
Attached File(s)
File Type: ex4 CC-Diff_[v2.0].ex4   97 KB | 1,351 downloads
File Type: mq4 CC finimeq.mq4   18 KB | 1,127 downloads
  • #2,318
  • Mar 28, 2012 11:10pm Mar 28, 2012 11:10pm
Quoting rebeljedi
...
ES Trader, I would appreciate your comments and also from any traders who are actively using it.

Greatly appreciate if coders or the-game can help check the calculation code of USD and of other currencies and verify if the file is ok. Unfortunately, I do not have the mq4 file.
...
Thanks.
It will be great if someone can help to pm ES Trader or the-game for their input. Unfortunately, this is only my 2nd post so there's limited privileges.
Thanks.
  • #2,319
  • Apr 2, 2012 12:14am Apr 2, 2012 12:14am
There's nothing wrong with the indicator code. As far as the JPY index, you'll need to ask the original coder... FerruFx at www.ervent.net
  • #2,320
  • Apr 2, 2012 12:29am Apr 2, 2012 12:29am
Quoting the-game
There's nothing wrong with the indicator code. As far as the JPY index, you'll need to ask the original coder... FerruFx at www.ervent.net
Thanks for your quick reply.
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