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Can someone fix this currency strength indicator? 37 replies

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Currency Strength Masterpiece

  • #41
  • Aug 10, 2015 4:12am Aug 10, 2015 4:12am
took a few trades before going to sleep last night... used s/d to make sure there was some room to go and to put take profit targets.

first i checked correlation.... then i checked strength with the dash or was it the other way around... no matter

after study i saw uch was correlated with u cad by like 96%

and au was correlated with nu very highly also


looked for a good strength reading

placed trades manually


woke up with very nice results across the board. all pairs went in the desired direction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1st trade easy piples.png Size: 129 KB
Click to Enlarge Name: u chf also.png Size: 59 KB
Click to Enlarge Name: strength with correlation boom.png Size: 155 KB
Click to Enlarge Name: au correlated to nu.png Size: 43 KB
Click to Enlarge Name: nu correlated to au.png Size: 51 KB
Click to Enlarge Name: au nu correlation plus strength.png Size: 155 KB
Click to Enlarge Name: au nu correlation check.png Size: 99 KB
Click to Enlarge Name: target u chf.png Size: 48 KB
Click to Enlarge Name: target au.png Size: 54 KB
Click to Enlarge Name: nu close is good.png Size: 61 KB
  • #42
  • Aug 10, 2015 4:15am Aug 10, 2015 4:15am
continuation.................................
Attached Image(s) (click to enlarge)
Click to Enlarge Name: u cad target acheived.png Size: 125 KB
Click to Enlarge Name: dash.png Size: 154 KB
Click to Enlarge Name: good results.PNG Size: 181 KB
  • #43
  • Aug 10, 2015 7:33am Aug 10, 2015 7:33am
Quoting dagoods
took a few trades before going to sleep last night... used s/d to make sure there was some room to go and to put take profit targets. first i checked correlation.... then i checked strength with the dash or was it the other way around... no matter after study i saw uch was correlated with u cad by like 96% and au was correlated with nu very highly also looked for a good strength reading placed trades manually woke up with very nice results across the board. all pairs went in the desired direction {image} {image} {image} {image} {image} {image} {image}...
So far so good.
  • #44
  • Aug 10, 2015 8:23am Aug 10, 2015 8:23am
Quoting PipFlak
{quote} So far so good.

what are you testing?
  • #45
  • Aug 10, 2015 8:28am Aug 10, 2015 8:28am
just some thoughts on the cycle idea of currency strength plus correlation.....


it appears possible to my mind that cycles have to at least start from a 50% at least or its not a cycle on the squiggly indicators.... so did it come from a full cyle from below the line or not is important... just attempting to clear my head and get it str8 in my mind what is to look for exactly

just another theory

2 cents

further appears that multiple rolling time frames strength squiggles still a factor to consider for trend identifications
Attached Image (click to enlarge)
Click to Enlarge Name: an understanding of squiggly line cycles.PNG Size: 1.1 MB
  • #46
  • Edited 5:16pm Aug 10, 2015 9:03am | Edited 5:16pm
aud chf and aj are highly correalted on 240 minutes so without any other criteria just looked at the dash and jumped on the train

lets see how it plays out

price went in the desired direction..could have closed in profits but want to let er run and see what happens

so far in this little forward test

correlation + strength is all good
Attached Image (click to enlarge)
Click to Enlarge Name: aud chf plus aj buy.png Size: 166 KB
  • #47
  • Aug 10, 2015 9:35am Aug 10, 2015 9:35am
Quoting dagoods
{quote} what are you testing?
I was testing a fractal trailing trade manager that I use with my AIMS trading to decrease the risk but it doesn't work too well with the bot. Too much wiggle room is require for these scalping trades. Recently I have been trying to figure out why Jason is doing better than I am so he gave me his settings. He uses almost nothing for triggers which has me puzzled. He only uses the 30M ASH no m candles and puts the other ASH on 240. It seems like the people doing the best are doing the least in terms of the settings. It can't all be luck can it?​
  • #48
  • Edited 5:49pm Aug 10, 2015 5:18pm | Edited 5:49pm
so far so using good corr + csm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: only winners plus runners so far.PNG Size: 98 KB
Click to Enlarge Name: love to see that.png Size: 49 KB
Click to Enlarge Name: love to see that 2.png Size: 45 KB
Click to Enlarge Name: o well runner at be.png Size: 37 KB
Click to Enlarge Name: stop lol bummer.png Size: 37 KB
  • #49
  • Aug 10, 2015 6:28pm Aug 10, 2015 6:28pm
Quoting dagoods
so far so using good corr + csm {image} {image} {image} {image} {image}
Looks good. What are your ASH settings? 1,30 and 5,15 are best I have found so far.
  • #50
  • Aug 10, 2015 7:35pm Aug 10, 2015 7:35pm
Quoting PipFlak
{quote} Looks good. What are your ASH settings? 1,30 and 5,15 are best I have found so far.

not ash settings. not any settings at all. all default...using the dash manually only combined with correlation so that i'm better get what I am doing.
  • #51
  • Aug 11, 2015 6:44am Aug 11, 2015 6:44am
http://www.forexfactory.com/showthre...80#post8429480
  • #52
  • Aug 11, 2015 9:39am Aug 11, 2015 9:39am
all are having good results.. love that.


my humble manual test to day was easy just only the BS and the relative strength.. worthwhile to try
Attached Image (click to enlarge)
Click to Enlarge Name: nice result.PNG Size: 124 KB
  • #53
  • Aug 11, 2015 9:42am Aug 11, 2015 9:42am
spaghetti reading! lol
Attached Image (click to enlarge)
Click to Enlarge Name: blue just left teh station.PNG Size: 78 KB
  • #54
  • Aug 11, 2015 11:12am Aug 11, 2015 11:12am
this was the rest of the result of today's forward test using the very easy simple rs and bs only
Attached Image (click to enlarge)
Click to Enlarge Name: easy way results.PNG Size: 50 KB
  • #55
  • Aug 12, 2015 4:55am Aug 12, 2015 4:55am
http://www.forexfactory.com/showthre...82#post8431682
  • #56
  • Aug 14, 2015 4:44am Aug 14, 2015 4:44am
http://www.forexfactory.com/showthre...42#post8431842

http://www.forexfactory.com/showthre...82#post8431682
  • #57
  • Aug 14, 2015 5:17am Aug 14, 2015 5:17am
http://www.forexfactory.com/showthre...12#post8436412
  • #58
  • Aug 16, 2015 10:07am Aug 16, 2015 10:07am
http://www.forexfactory.com/showthre...21#post8438321
  • #59
  • Aug 16, 2015 8:23pm Aug 16, 2015 8:23pm
dw

[quote=dagoods;8438342]http://www.forexfactory.com/showthre...21#post8438321[/quote​


Hey dagoods waz up?
How's the testing going? I just got home to Vegas thank God Ohio was dragging me down- nothing against the state but I prefer the West. I gotta have mountains.
Just downloaded HP's latest dash and now I am lost again. It is starting to look like Ding Dong's which is good I quess. A lot of reading back through the thread on this one.

Later
  • #60
  • Aug 17, 2015 4:33am Aug 17, 2015 4:33am
http://www.forexfactory.com/showthre...61#post8439461
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