¥ • Power System | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

The System Behind the System, by Merlin Jeffries 16 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: ¥ • Power System
Exit Attachments

¥ • Power System

  • #21
  • Oct 31, 2015 10:47pm Oct 31, 2015 10:47pm
abokwaik,

I'm subscribing to this thread .

Thank you for all your immence efforts of which I'm following with great interest.
  • #22
  • Oct 31, 2015 11:01pm Oct 31, 2015 11:01pm
Quoting mbes
How do you measure strongest and weakest?
Good morning, Through a Configurable combination of methods. So far percent change is implemented.
No guts, no glory
  • #23
  • Oct 31, 2015 11:33pm Oct 31, 2015 11:33pm
Quoting chamane
Currency strength is a measure of the present and the past. How does it help you with the future?
There is no certain method for telling the future. Its a probability issue. You just need more odds on your side. Jpy pairs (in principle) are correlated. If eurjpy goes up while usdjpy is going down, it means eur is stronger than usd at that moment. Will the situation continue ? I can't tell. But lets make use of it untill it changes. .... My simple mind.
No guts, no glory
  • #24
  • Nov 1, 2015 1:41am Nov 1, 2015 1:41am
Quoting abokwaik
{quote} There is no certain method for telling the future. Its a probability issue. You just need more odds on your side. Jpy pairs (in principle) are correlated. If eurjpy goes up while usdjpy is going down, it means eur is stronger than usd at that moment. Will the situation continue ? I can't tell. But lets make use of it untill it changes. .... My simple mind.

hi sir abokwait, Is it okay to provide us or me (a newbie) another example just like the one below? Thank you!

  1. EUR > USD: if EURJPY goes up and USDJPY goes down

Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #25
  • Nov 1, 2015 1:04am Nov 1, 2015 1:04am
Quoting v2vboni
{quote} hi sir abokwait, Is it okay to provide us or me (a newbie) another example just like the one below? Thank you! EUR > USD: if EURJPY goes up and USDJPY goes down
Of course it is not 'literally' as simple as that, and this is why its taking time to finish the first version of the system.

For example, Percent Change measures the percentage change of each currency against JPY for each time frame, as follows:

(Close of Current Bar - Close of Previous Bar) divided by Close of Previous bar.
Then currencies are sorted based on their Percent Change in descending order,
Strongest at the Top and Weakest at the Bottom.

Later on on I might consider also dividing by average bar range (ATR) for each time frame and currency in order to reach more comparable values.

Currencies (majors) and Time Frames (M1 ... D1) are select-able by the trader.

Percentage change is one of the factors considered.
Other factors might include some indicators like RSI, HA, MA, OB/OS .... etc.

Stay Tuned ...
No guts, no glory
  • #26
  • Nov 1, 2015 3:58am Nov 1, 2015 3:58am
This is a sample back test on EUR/USD only (as I can't back test multiple pairs simultaneously). Period 2015.
The EA was made to Buy/Sell EURUSD only when percent change sentiment on all selected frames indicated so.

Attached Image (click to enlarge)
Click to Enlarge Name: y_ps_EU_2015_ALL.PNG Size: 43 KB


Note : Complete development will take some time due to dashboard and other issues.
I am out for some business and will hopefully post a testable version tomorrow.
No guts, no glory
  • #27
  • Nov 1, 2015 11:09am Nov 1, 2015 11:09am
Nice man .some call it the Gap.... Which is. More important than absolute strength , as it shows the latest change in strength ..thanks bro
Learn THEN Unlearn
  • #28
  • Edited 12:52pm Nov 1, 2015 12:02pm | Edited 12:52pm
Quoting abokwaik
This is a sample back test on EUR/USD only (as I can't back test multiple pairs simultaneously). Period 2015. The EA was made to Buy/Sell EURUSD only when percent change sentiment on all selected frames indicated so. {image} Note : Complete development will take some time due to dashboard and other issues. I am out for some business and will hopefully post a testable version tomorrow.
appears like multi-gaps works very well together.....


thanks
  • #29
  • Nov 2, 2015 2:01am Nov 2, 2015 2:01am
Subscribed
If you believe in yourself anything is possible !!
  • #30
  • Nov 2, 2015 3:14am Nov 2, 2015 3:14am
Work in progress ...

Attached Image
No guts, no glory
  • #31
  • Nov 2, 2015 3:19am Nov 2, 2015 3:19am
I would buy GBPNZD based on this ... but hey , I am still testing this ..

Attached Image
No guts, no glory
  • #32
  • Nov 2, 2015 3:24am Nov 2, 2015 3:24am
For people who have time to play with this while still in development, here is a draft version ... manually traded .. by pushing the desired time frame button

Inputs, so far:

Attached Image (click to enlarge)
Click to Enlarge Name: YP_wip_inputs.PNG Size: 119 KB
Attached File(s)
File Type: ex4 Y_Power_00.ex4   54 KB | 803 downloads
No guts, no glory
  • #33
  • Nov 2, 2015 3:41am Nov 2, 2015 3:41am
Quoting abokwaik
I would buy GBPNZD based on this ... but hey , I am still testing this .. {image}
Did anyone buy GBPNZD
No guts, no glory
  • #34
  • Nov 2, 2015 3:41am Nov 2, 2015 3:41am
Subscribed and good luck/fortune/green pips
Don't limit yourself!!
  • #35
  • Nov 2, 2015 3:57am Nov 2, 2015 3:57am
When testing this make sure that you have all pairs available in market watch as per your selection.
For example if you have AUDJPY and CHFJPY among JPY selected pairs, make sure you have AUDJPY, CHFJPY and AUDCHF in market watch.

Also when you enter JPY pair names in input, include any suffix as it appear in pair names.
For example on one of my accounts I have a "r" suffix so the standard EURJPY pair name appears as EURJPYr, so it should be entered as EURJPYr in the JPY pair list input.
No guts, no glory
  • #36
  • Nov 2, 2015 4:00am Nov 2, 2015 4:00am
Quoting abokwaik
{quote} Did anyone buy GBPNZD
Hi Khalil,
Thanks for sharing your idea/EA with us
I am testing the EA. I realized that the profit it shows is without calculating the trade commission.

Best,
Math
Trading is the hardest way to make easy money...
  • #37
  • Nov 2, 2015 4:19am Nov 2, 2015 4:19am
Quoting MathTrader7
{quote} Hi Khalil, Thanks for sharing your idea/EA with us I am testing the EA. I realized that the profit it shows is without calculating the trade commission. Best, Math
Correct Math. I will add commission and swap once I get back to the office. As I said this only a draft version.
No guts, no glory
  • #38
  • Nov 2, 2015 4:29am Nov 2, 2015 4:29am
Quoting abokwaik
{quote} Correct Math. I will add commission and swap once I get back to the office. As I said this only a draft version.
Awesome man!
Trading is the hardest way to make easy money...
  • #39
  • Nov 2, 2015 4:46am Nov 2, 2015 4:46am
Very nice.
Thanks!
  • #40
  • Nov 2, 2015 4:56am Nov 2, 2015 4:56am
At the top are strongest currencies? and at the bottom are the worst currencies?

Attached Image
0 traders viewing now