Closed todays after 2 hours. Was a little late getting on them, but didn't matter. {image}
Trading system using relative strength
- #2,522
- Edited 1:58am Dec 9, 2015 1:36am | Edited 1:58am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Good morning, Redwed!
Thank you for your example parametres.
As I can see you had lots of signals but for now (4x15 minutes of LO) there is no one suggestion with ccfp diff mtf M15 M60 M240. Hmmm...
So you did not use Trailing options?
Sorry, did not understand results examples with and without ADR relative SL 
So you decided it's better to use Dashboard's TP&SL as
ADR relative (in % of ADR)
or
Summarize basket (in $)
?
Thank you for your example parametres.
As I can see you had lots of signals but for now (4x15 minutes of LO) there is no one suggestion with ccfp diff mtf M15 M60 M240. Hmmm...
{quote} Using this settings below.
After awhile, i discover that using this kind of fixed individual tp and sl will upset the nature for the basket itself
So you decided it's better to use Dashboard's TP&SL as
ADR relative (in % of ADR)
or
Summarize basket (in $)
?
Just an opinion. Based on research
- #2,524
- Dec 9, 2015 5:52am Dec 9, 2015 5:52am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #2,526
- Dec 9, 2015 6:33am Dec 9, 2015 6:33am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
As I can see you had lots of signals but for now (4x15 minutes of LO) there is no one suggestion with ccfp diff mtf M15 M60 M240.
I'll explain it using charts if you don't mind. I myself has a broken english, so charts can be much of a help.
4 hour
1 hour
30 minute
15 minute
What do we got here? An uptrend is there in h4 chart. Please take note of the retracement on the h4 chart. You'll see that 1 big bar is moving up, and the pair cool down. The pair also tricked some uninformed traders to go short, thinking that they can sell at top, right?
Digging down the tf, we can see that the pair stalled for quite so long. We can never see this with h4 alone.
If you're thinking what i'm thinking, it's not a retracement at all. We see a 'retracement' on h4 chart, but at m15 we know we've been screwed by them. They just stopped for a quick break. (i will not go to m5 and lower. We will need a bigger monitor. M15 is just nice for me).
I'm seing this as an enemy for us trader. We want to get into the trade AND we want to be in floating profit as soon as possible, am i right?
Using CCFp-Diff MTF will benefit us: Getting into floating profit as soon as possible.
Here's the example.
Did you see what i mean?
We need an agreement of all those 4 tf to give the same signal. There are some advantages and disadvantages at same time.
One post made earlier said this:
From what I have experienced so far with this approach I am going with this.
It can work very well, It might be a very good semi scalping method.
Can't just enter blindly following 4 hr recommendation.
Looking at the 4 hr recommendation then going to a 1 hr or 30 min to see if the timing is there for an immediate upward move. I want to find pairs that are beginning to or in a cycle moving with the 4 hr.
Seems familiar right?
So, that answers why there is no suggestion from CCFp-Diff MTF. I hope you found the clarity in this brief example.
So you did not use Trailing options?
Seems familiar right?
So, that answers why there is no suggestion from CCFp-Diff MTF. I hope you found the clarity in this brief example.
Sorry, did not understand results examples with and without ADR relative SL
So you decided it's better to use Dashboard's TP&SL as
ADR relative (in % of ADR)
or
Summarize basket (in $)
At first, i thought using them is Okay, but later on yeah! I've already answered your questions in this post example.
Redwed, But you had fantastic result in August, isn't it? Why have you started to change TP&SL ideas and to add more CCfp?
Later on, i learn other TS. Eventually here i am!
I guess ES Trader speaks for me:
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.
- #2,529
- Edited 7:48am Dec 9, 2015 7:33am | Edited 7:48am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Thank you for your time, Redwed!
Now, reading your text, I can form new questions, if you let me :
1. What is the difference between using 1 CCFp-Diff MTF with 4 TFs and using 3 different sets of CCFp-Diff MTF?
2. Do you use ADR%SL or $SL as an initial SL before trailing starts (before profit reaches some level to start trailing)? Can you propose settings for test? (Because I get more and more loses at my demo and can't find good parametres)
And
Yes, I see your terminal results. English is not my native language also, so I'll try to rephrase my question You wrought you saw this kind of TP&SL upsets basket nature. And what was your decision? You moved from ADR% to $ SL-setting or what?
Now, reading your text, I can form new questions, if you let me :
1. What is the difference between using 1 CCFp-Diff MTF with 4 TFs and using 3 different sets of CCFp-Diff MTF?
2. Do you use ADR%SL or $SL as an initial SL before trailing starts (before profit reaches some level to start trailing)? Can you propose settings for test? (Because I get more and more loses at my demo and can't find good parametres)
And
Look at the terminal examples carefully. The green box is where my tp is reached and red box is where my sl got hit
You wrought you saw this kind of TP&SL upsets basket nature. And what was your decision? You moved from ADR% to $ SL-setting or what? Just an opinion. Based on research
- #2,531
- Dec 9, 2015 7:57am Dec 9, 2015 7:57am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #2,534
- Dec 9, 2015 10:50am Dec 9, 2015 10:50am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #2,536
- Dec 9, 2015 12:41pm Dec 9, 2015 12:41pm
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #2,538
- Dec 9, 2015 1:59pm Dec 9, 2015 1:59pm
- Joined Nov 2006 | Status: Sting | 1,049 Posts
Hi Folks,
Very interesting thread going on here. I am a big fan of strength meters and recently stumbled upon an indicator called ffx universal strength meter created by master coder Ferrufx. ( a big thanks to him and his generosity
.)
I have been using this meter for a couple of days now with standard setting provided by Ferrufx . He has coded it for various indicators and for every time frame available in mt4, however i am using only a few of them namely (price candles,macd,cci,adx and moving average) and am using this meter for m15,h1,h4 and d1 timeframes. The results are too good to be true. Trading strong vs weak with this meter has increased my account in a day to 20% profit (demoing still). for a 5000 account trading just .1 and max .2 lot. I select the strong currencies (max 2) and weak ones (max 2) from the meter during the 1st 15 minutes of london open and draw fibonacci ratios with the help of fractals to determine TP and i keep a standard 100 pips as SL. Herewith i am attaching the indicators and my template, Try it out and let us all know about the results.
I am including a market session indicator as well to draw a vertical line at session open time according to your broker.
I am attaching a chart of eurcad. the meter clearly showed eur getting stronger and cad was the weakest
If someone could write a code to collect each values of these indicators from all these time frames and provide an easy comments indicator on strong and weak ones. it would be easy on the eyes and can save a lot of time in the analysis.
Very interesting thread going on here. I am a big fan of strength meters and recently stumbled upon an indicator called ffx universal strength meter created by master coder Ferrufx. ( a big thanks to him and his generosity
.)I have been using this meter for a couple of days now with standard setting provided by Ferrufx . He has coded it for various indicators and for every time frame available in mt4, however i am using only a few of them namely (price candles,macd,cci,adx and moving average) and am using this meter for m15,h1,h4 and d1 timeframes. The results are too good to be true. Trading strong vs weak with this meter has increased my account in a day to 20% profit (demoing still). for a 5000 account trading just .1 and max .2 lot. I select the strong currencies (max 2) and weak ones (max 2) from the meter during the 1st 15 minutes of london open and draw fibonacci ratios with the help of fractals to determine TP and i keep a standard 100 pips as SL. Herewith i am attaching the indicators and my template, Try it out and let us all know about the results.
I am including a market session indicator as well to draw a vertical line at session open time according to your broker.
I am attaching a chart of eurcad. the meter clearly showed eur getting stronger and cad was the weakest
If someone could write a code to collect each values of these indicators from all these time frames and provide an easy comments indicator on strong and weak ones. it would be easy on the eyes and can save a lot of time in the analysis.
STING
- #2,539
- Dec 9, 2015 2:45pm Dec 9, 2015 2:45pm
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Well, I am so much confused , which indicator do i use now ?
Just an opinion. Based on research
Now there's more participation on this old thread. 
I'm just messing around with the tf. The rules waited for the candle to be closed first in order to obtaining CCFp difference. Some said that m15, h1 and h4 could be the best tf to use. But, we'll be a bit late, considering that we need to comply with the rules. WAITING FOR H4 to give the same suggestion to all other tf's. look for differences of each currency on the data menu of the LAST TWO 4hr bar. That's mean we need to wait for 2 closed bar reading before current candle.
Sooner or later, if you trade mtf with 'last two 4hr bar' you'll find that you can be late sometime. For me, maybe the best combination is m15-m30 or m15-h1. I don't find which one is more suitable for me.
Forget about the individual SL and TP. Unless you check the chart. If you check the chart and found some exhaustion on the pair, you're set to close. The ADR thing is only one kind to manage trades. Traders also can use ATR, Chandelier stop, parabolic stop, pivot stop, fibo target and on and on.
I feel that we'll defeat the purpose of basket trading by using individual stop before or after floating profit.
Here i attached the setting that you can play around. All this coming from the Dashboard Currency Meter v3. I ONLY use this dashboard to manage my trades. Don't get confused with any other dashboard out there. This dashboard is an EA. It helps to manage your trades, EA not necessarily automate your trading.
Thank you for your time, Redwed! Now, reading your text, I can form new questions, if you let me : 1. What is the difference between using 1 CCFp-Diff MTF with 4 TFs and using 3 different sets of CCFp-Diff MTF? 2. Do you use ADR%SL or $SL as an initial SL before trailing starts (before profit reaches some level to start trailing)? Can you propose settings for test? (Because I get more and more loses at my demo and can't find good parametres) And {quote} Yes, I see your terminal results. English is not my native language also, so I'll try to rephrase...
Sooner or later, if you trade mtf with 'last two 4hr bar' you'll find that you can be late sometime. For me, maybe the best combination is m15-m30 or m15-h1. I don't find which one is more suitable for me.
Forget about the individual SL and TP. Unless you check the chart. If you check the chart and found some exhaustion on the pair, you're set to close. The ADR thing is only one kind to manage trades. Traders also can use ATR, Chandelier stop, parabolic stop, pivot stop, fibo target and on and on.
I feel that we'll defeat the purpose of basket trading by using individual stop before or after floating profit.
Here i attached the setting that you can play around. All this coming from the Dashboard Currency Meter v3. I ONLY use this dashboard to manage my trades. Don't get confused with any other dashboard out there. This dashboard is an EA. It helps to manage your trades, EA not necessarily automate your trading.