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Trading system using relative strength

  • #2,421
  • Mar 29, 2014 9:10am Mar 29, 2014 9:10am
Hi everyone


After testing for a bit longer I've rather moved over to using the CCF on the 1 hr chart to look for trading opportunities. Found the 15 min to be too difficult.


Anyone found a way to include XAU symbol in the indi?

rgds
  • #2,422
  • Edited Mar 30, 2014 1:32am Mar 29, 2014 3:37pm | Edited Mar 30, 2014 1:32am
Hi again

Hope Mr Pip wont mind if I post an amended CCF_p V4 for trading XAUUSD

Please use the original version for trading NZD pairs as I've replaced NZD with XAU in this "Gold" version.


Rgds

JM
Attached File(s)
File Type: mq4 CCFp_v4 gold.mq4   15 KB | 1,011 downloads
  • #2,423
  • Mar 30, 2014 7:37am Mar 30, 2014 7:37am
Quoting MrPip
{quote} Not sure if I posted this here but this version has code to add prefix or suffix to the currency pair. There are inputs for the prefix and suffix. There is also an input to show only pairs on charty. BTW, there are other commercial products that are similar to this one and I even found one that is exactly like this one, except an older version, on sale for over $500. I am refering to the same source code. Robert {file}
Hi MrPip and all,

thanks for the indie. I'm trying to do manual backtest and notice that CCFp4_1 will only show up to a certain date. Example attach print screen. 15min chart. Is there any way to make the indie go all the way back so i can do a longer backtest manually?

Thank you all for your advise.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 183 KB
  • #2,424
  • Mar 30, 2014 11:40am Mar 30, 2014 11:40am
Quoting danieltang
{quote} Hi MrPip and all, thanks for the indie. I'm trying to do manual backtest and notice that CCFp4_1 will only show up to a certain date. Example attach print screen. 15min chart. Is there any way to make the indie go all the way back so i can do a longer backtest manually? Thank you all for your advise. {image}
Try this one, Daniel. You can select the No_of_Bars you want to use in the external inputs.
Attached File(s)
File Type: mq4 CCFp V4.1 Mod.mq4   16 KB | 899 downloads
  • #2,425
  • Mar 30, 2014 11:49am Mar 30, 2014 11:49am
There is an input that was remove3d because of overhead.
Just change All_Bars to extern and problem solved.

extern int Line_Thickness = 2;
int All_Bars = 1000; // change this to extern
double arrUSD[];


BTW, I am working on a new version described in April TASK that uses momentum for currency strengths.
Robert
  • #2,426
  • Mar 31, 2014 4:20am Mar 31, 2014 4:20am
Hello MrPip,

What you mentioned in Post 2,425 about the new version that uses momentum for currency strenghts.
I want to tell that i am looking forward to this!

Thanks for you're effort!

Regards,
Paul
  • #2,427
  • Mar 31, 2014 11:34am Mar 31, 2014 11:34am
Quoting Pinhead
{quote} Try this one, Daniel. You can select the No_of_Bars you want to use in the external inputs. {file}
Hi Pin, thanks for the indie. I not sure why but it doesn't seems to work with mine mt4 build. I try compiling and insert the indicator, i can see the indie, but it does not show the lines. I try changing the color to other color than black it still doesnt show anything. You ever encounter this?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 174 KB
  • #2,428
  • Mar 31, 2014 11:46am Mar 31, 2014 11:46am
Quoting MrPip
There is an input that was remove3d because of overhead. Just change All_Bars to extern and problem solved. extern int Line_Thickness = 2; int All_Bars = 1000; // change this to extern double arrUSD[]; BTW, I am working on a new version described in April TASK that uses momentum for currency strengths. Robert
HI MrPip, thanks for the reply. I try using your method, this is what i get from compiling. Think i doing it wrongly. 1st screenshot

Apologise but i have no background in mql. I thought to try changing the 1000 to 5000 but it does not show it properly either. 2nd screenshot.

Any advise pls? thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 190 KB
Click to Enlarge Name: Screenshot3.png Size: 178 KB
  • #2,429
  • Mar 31, 2014 12:15pm Mar 31, 2014 12:15pm
Hi Dan

changed to extern and fixed the warning about the naming conflict

tested ok

change line 35 to the number you need

extern int All_Bars = 1000;
Attached File(s)
File Type: mq4 CCFp V4.1 Mod.mq4   16 KB | 1,211 downloads
  • #2,430
  • Mar 31, 2014 8:08pm Mar 31, 2014 8:08pm
Quoting vallauris
Hi Dan changed to extern and fixed the warning about the naming conflict tested ok change line 35 to the number you need extern int All_Bars = 1000; {file}
Hi vallauris, thanks, but same as pinhead indie, it still doesnt show the lines. I just took yours and compile and have a look. attached printscreen.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 174 KB
  • #2,431
  • Mar 31, 2014 8:49pm Mar 31, 2014 8:49pm
Dan

if you don't have a mini account with IBFX then you need to delete the "m" for the symbol_suffix on the input tab.

Instructions are in the code - you are using OANDA right??

Try that
  • #2,432
  • Edited Apr 1, 2014 9:08pm Mar 31, 2014 11:18pm | Edited Apr 1, 2014 9:08pm
Quoting vallauris
Dan if you don't have a mini account with IBFX then you need to delete the "m" for the symbol_suffix on the input tab. Instructions are in the code - you are using OANDA right?? Try that
Vallauris, thanks! yes i did what you mention and i'm able to see the line. However it have the same problem after a certain date.

First printscreen is ok until a certain date.

Second printscreen is showing wierd line if i go back somemore.

Notice that the date is actually the same but the line are not showing properly.

the problem is the same if i use the original indie and change the int. all bars = 1000 // to like 3000.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
Click to Enlarge Name: Screenshot2.png Size: 18 KB
  • #2,433
  • Apr 1, 2014 1:23am Apr 1, 2014 1:23am
Dan

I got to 3000 bars no problem so I don't think there is anything wrong with the code - it may be an issue with your data.

MT4 doesn't really have a good reputation in this area - but you could talk to the broker anyway - see what they have to say.

Good luck

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmm15.png Size: 82 KB
  • #2,434
  • Apr 1, 2014 3:49am Apr 1, 2014 3:49am
Quoting vallauris
Dan I got to 3000 bars no problem so I don't think there is anything wrong with the code - it may be an issue with your data. MT4 doesn't really have a good reputation in this area - but you could talk to the broker anyway - see what they have to say. Good luck {image}
thanks for the advise vallauris, guess something is wrong with my data. I try downloading and open a demo with IBFX, result are the same. Anyway thanks for the reply. Appreciate it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 167 KB
  • #2,435
  • Apr 5, 2014 8:49am Apr 5, 2014 8:49am
Hi everyone

Is anyone else live trading CCf relative strength as their main system? After very extensive testing I have decided to ditch all other strategies (short-time frame scalps which are simply trading account drainers!) and use it now solely as the "springboard" for all my trading decisions - then I use my tunnel break-out template to find the very best place to enter. The key in my humble opinion is to filter out short-term intraday "chop" and concentrate solely if at all possible on longer term trends (moves that last at least 2 or 3 days).

It's really a matter of learning to read the indi - I find that making it into a full sized chart (template) is vital otherwise it's virtually impossible to see clearly what's going on and miss a vital cross.

Still, I'd love to hear from others who are using it daily - would be nice to compare notes!


Rgds
JM
  • #2,436
  • Apr 5, 2014 1:00pm Apr 5, 2014 1:00pm
This is one of the problems with too many programmers coding versions independantly.

I posted a version years ago, 4.1 or earlier, that had inputs for suffix and prefix so the "m" from IBFX only needs to be entered as the suffix.
For some reason people aer still using the olde version.

I also have a version that detects the pairs the broker allows with no need of prefix or suffix.
I do not know if I posted but apparently that one is also not being used.

I now have 4 different versions of this using different ideas for strength and they all work on over 12 broker platrforms.

I am currently working on a new version that is faster and earlier with the signals.
Signals can be from crossover, usually late except of bigger moves, or find the currencies at extreems starting to come back together.

Attached Image (click to enlarge)
Click to Enlarge Name: currency strength.JPG Size: 177 KB


Robert
  • #2,437
  • Apr 5, 2014 7:10pm Apr 5, 2014 7:10pm
Quoting MrPip
This is one of the problems with too many programmers coding versions independantly. I posted a version years ago, 4.1 or earlier, that had inputs for suffix and prefix so the "m" from IBFX only needs to be entered as the suffix. For some reason people aer still using the olde version. I also have a version that detects the pairs the broker allows with no need of prefix or suffix. I do not know if I posted but apparently that one is also not being used. I now have 4 different versions of this using different ideas for strength and they all work...
Mr Pip, are you a programmer? If so, may I suggest an idea that I have been wanting to develop for some time? Or, do you have any interest in working together? I am a programmer as well, just not as great as I'd like to be.
Please check out my blog at https://from-zero-to-hero . net
  • #2,438
  • Apr 5, 2014 8:23pm Apr 5, 2014 8:23pm
Quoting MrPip
This is one of the problems with too many programmers coding versions independantly. I posted a version years ago, 4.1 or earlier, that had inputs for suffix and prefix so the "m" from IBFX only needs to be entered as the suffix. For some reason people aer still using the olde version. I also have a version that detects the pairs the broker allows with no need of prefix or suffix. I do not know if I posted but apparently that one is also not being used. I now have 4 different versions of this using different ideas for strength and they all work...
looking forward to it!
  • #2,439
  • Apr 5, 2014 8:33pm Apr 5, 2014 8:33pm
yes, been programming since mid 70's as a software engineer and mathematical analyst as well as IT but IT only because I helped develop early versions of dBase.
Robert
  • #2,440
  • Apr 6, 2014 1:48am Apr 6, 2014 1:48am
Quoting MrPip
This is one of the problems with too many programmers coding versions independantly. I posted a version years ago, 4.1 or earlier, that had inputs for suffix and prefix so the "m" from IBFX only needs to be entered as the suffix. For some reason people aer still using the olde version. I also have a version that detects the pairs the broker allows with no need of prefix or suffix. I do not know if I posted but apparently that one is also not being used. I now have 4 different versions of this using different ideas for strength and they all work...

Mr Pip

Really looking forward to the new indi. Yes the signals tend to be delayed of course which is why one of course has to take a longer term view if the currency remains strong/weak for a few days - that's the situation with it at the moment. Would be great to have earlier signal especially after news breaks which can radically alter a currency's strength in a short time.
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