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Trading system using relative strength

  • #2,581
  • Dec 13, 2015 5:46am Dec 13, 2015 5:46am
Quoting trader1234
I've been using the following with some good results over the last 3 weeks. Indicator: ccfp-div_v1.03 Weekly Timeframe Trade Level 2 Every other setting at default values week1 510pips week2 240pips week3 730pips All suggested pairs made by indicator were taken. Trades taken @ beginning of the week (Anytime from market open till 6 hours after market opens) Trades closed before fridays london open. Indicator: ccfp-div_v1.02 Daily Timeframe Trade Level 2 Every other setting at default values Week 1 -5, 100, 250 -50 = 295pips Week 2 130, -40, 145,...
Glad to hear this. Did you take a peek from the chart or did you only rely on what ccfp tells you.
And, a request: please posts the results of your trades. Maybe we can get more insights from there as your trades are too valuable to be missed.
  • #2,582
  • Dec 13, 2015 11:12am Dec 13, 2015 11:12am
Quoting trader1234
I've been using the following with some good results over the last 3 weeks. Indicator: ccfp-div_v1.03 Weekly Timeframe Trade Level 2 Every other setting at default values week1 510pips week2 240pips week3 730pips All suggested pairs made by indicator were taken. Trades taken @ beginning of the week (Anytime from market open till 6 hours after market opens) Trades closed before fridays london open. Indicator: ccfp-div_v1.02 Daily Timeframe Trade Level 2 Every other setting at default values Week 1 -5, 100, 250 -50 = 295pips Week 2 130, -40, 145,...
can you post these indicators. i cant find them in FF
STING
  • #2,583
  • Dec 13, 2015 12:14pm Dec 13, 2015 12:14pm
Yup i'll post results soon.

I just look at what ccfp tells me. I'm currently trying the mtf version of the indicator that redwed referred too earlier, results aren't as good for me. I find that trade level 1 includes more false signals or are meant for scalps and the timing must be right. Hard too get it right in my opinion. But still experimenting with the settings and various timeframe combos.


ccfp-diff_[v1.03] for the weekly timeframe
cc-diff_[v2.0] for daily timeframe
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.03].ex4   105 KB | 1,048 downloads
File Type: ex4 CC-Diff_[v2.0].ex4   97 KB | 1,104 downloads
  • #2,584
  • Dec 13, 2015 1:38pm Dec 13, 2015 1:38pm
Quoting trader1234
Yup i'll post results soon. I just look at what ccfp tells me. I'm currently trying the mtf version of the indicator that redwed referred too earlier, results aren't as good for me. I find that trade level 1 includes more false signals or are meant for scalps and the timing must be right. Hard too get it right in my opinion. But still experimenting with the settings and various timeframe combos. ccfp-diff_[v1.03] for the weekly timeframe cc-diff_[v2.0] for daily timeframe {file} {file}
Please confirm the version for daily time frame. You previously wrote v1.02 and recently wrote 2.0.
  • #2,585
  • Dec 13, 2015 7:37pm Dec 13, 2015 7:37pm
ccfp-diff v1.03 = weekly
cc-diff v2.0 = daily
  • #2,586
  • Dec 13, 2015 9:09pm Dec 13, 2015 9:09pm
Quoting trader1234
ccfp-diff v1.03 = weekly cc-diff v2.0 = daily
Thanks for answering.

Does that means you don't zoom into the lower tf for more precise entries?
  • #2,587
  • Dec 13, 2015 10:15pm Dec 13, 2015 10:15pm
Quoting trader1234
Yup i'll post results soon. I just look at what ccfp tells me. I'm currently trying the mtf version of the indicator that redwed referred too earlier, results aren't as good for me. I find that trade level 1 includes more false signals or are meant for scalps and the timing must be right. Hard too get it right in my opinion. But still experimenting with the settings and various timeframe combos. ccfp-diff_[v1.03] for the weekly timeframe cc-diff_[v2.0] for daily timeframe {file} {file}
thanks .... i thought it was a different indicator . i have this one.

In your first post you mentioned CCFP-DIV .
STING
  • #2,588
  • Dec 14, 2015 2:29am Dec 14, 2015 2:29am
It was a typo, meant ccfp-diff not ccfp-div. I've tried using smaller timeframes but results weren't as good. Having said that, I am still trying out the multiple timeframe indicators too see what kind of results they provide.
  • #2,589
  • Dec 14, 2015 6:26am Dec 14, 2015 6:26am
Quoting trader1234
ccfp-diff v1.03 = weekly cc-diff v2.0 = daily
Using version 2, I got only one pair GBPJPY for a buy on the D1 timeframe. On the other hand there are up to 7 suggested pairs with version 1.02
  • #2,590
  • Dec 14, 2015 5:32pm Dec 14, 2015 5:32pm
Yesterday, i made some experiment. I took snapshot of my screen on every 15 min interval during london session.

My objective is: to define, which settings are the best one for CCFp-Diff and CC-Diff (both are MTF's).

To be clear, i only use CCFp-Diff, CC-Diff and CSDash currently. You can download both CCFp-Diff and CC-Diff here.

Other posters wanted to know, how the trade level affects the signal.

#####Trade_Level from 1 to 10 will match with the 10 colored squares in the indicator column.
If you want to avoid small CCFp lines moves/differences, then you may want to trade only the pairs with both currencies above a certain level.
Example if you set Trade_Level to "3": the indicator will give you a trade suggestion for (i.e) EURUSD Buy only if EUR has at least 3 colored Green and USD at least 3 colored Red.
In an earlier post, I explained that these levels/squares are based on the EXACT same calculation of the original CCFp indicator. I just x1000 and rounded the values to make it more readable.
Hope that makes sense.
FerruFx#####

Above in italic is extracted from earlier post. So, i hope you got it. If you find yourself wondering please read this once again.

And, to conclude CC-Diff:

Attached Image (click to enlarge)
Click to Enlarge Name: !when being asked about cc diff.png Size: 48 KB


Above snippets is from here. I wanted to make sure all of you got the idea why we use this indicator specifically. It is simple to use, and it is great to have them in your indicator folders.

So, here is the screenshots i've mentioned before.

Oh. Not to be forgotten, the broker time is UTC/GMT +2. And i got 2 CCFp-Diff MTF and 2 CC-Diff MTF and 3 CSDash.

One CCFp-Diff is m15, m30, h4 trade level 1.
Another CCFp-Diff is m15, h1 trade level 1.
One CC-Diff is m15, m30, h4 trade level 1.
Another CC-Diff is m15, h1 trade level 1.

Attached Image (click to enlarge)
Click to Enlarge Name: DqVKb8i.gif Size: 15 KB

This one is 0915. Looking based on the suggestions, i found that only CCFp-Diff m15,m30,h4 shows signal on EURAUD,AUDCHF,GBPNZD. (I will go briefly, i won't explain them in deep).

Attached Image (click to enlarge)
Click to Enlarge Name: ! euraud.png Size: 28 KB

E/A. See that easy 28 pips?

Attached Image (click to enlarge)
Click to Enlarge Name: ! AUDCHF.png Size: 30 KB

A/F. The entry is on a middle of retracement, but it managed to go up afterwards. Max. pips from this one is 15.

Attached Image (click to enlarge)
Click to Enlarge Name: ! gn.png Size: 24 KB

G/N. The Godfather of pips!

We'll see that CCFp-Diff MTF m15,m30,h4 works well for now. Let's look for another example.

Attached Image (click to enlarge)
Click to Enlarge Name: yPoRfDe.gif Size: 15 KB

0930. As you can see, G/N and A/F disappeared from the list. E/A still there.

The question is: Where is G/N? We all knew that G/N will make a huge move afterwards? Where have the suggestion go?

Attached Image (click to enlarge)
Click to Enlarge Name: ! gn 0930.png Size: 35 KB

The answer: CCFp slope for m15 maybe already pointing up, giving buy signal on m15 but not m30 or h4. Thus, no recommendation on GN afterwards.

Another thing, can you see JPY is SELL everywhere up until now?

That's all for now. Any other interesting finding, i'll let you know!

(All of the above findings is only for your pleasure. You'll need to do your own homework of course. First, please understand how CCFp-Diff MTF and CC-Diff MTF works. Understands the mechanism behind those two indicators to help you find edge in using CCFp-Diff MTF and CC-Diff MTF. All the best!).
  • #2,591
  • Dec 14, 2015 6:16pm Dec 14, 2015 6:16pm
Quoting trader1234
I've been using the following with some good results over the last 3 weeks. Indicator: ccfp-div_v1.03 Weekly Timeframe Trade Level 2 Every other setting at default values week1 510pips week2 240pips week3 730pips All suggested pairs made by indicator were taken. Trades taken @ beginning of the week (Anytime from market open till 6 hours after market opens) Trades closed before fridays london open. Indicator: ccp_div_2.0 Daily Timeframe Trade Level 2 Every other setting at default values Week 1 -5, 100, 250 -50 = 295pips Week 2 130, -40, 145, 90...

I will test your settings.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot020.jpg Size: 942 KB
  • #2,592
  • Dec 14, 2015 6:40pm Dec 14, 2015 6:40pm
Quoting redwed
Yesterday, i made some experiment. I took snapshot of my screen on every 15 min interval during london session. My objective is: to define, which settings are the best one for CCFp-Diff and CC-Diff (both are MTF's). To be clear, i only use CCFp-Diff, CC-Diff and CSDash currently. You can download both CCFp-Diff and CC-Diff here. Other posters wanted to know, how the trade level affects the signal. #####Trade_Level from 1 to 10 will match with the 10 colored squares in...
Hi redwed,
Thanks for your detailed posts. They are very information.
However I am still struggling to understand the difference between CCFp-Diff MTF and CC-Diff MTF and why they are very often giving different signals. Could you try to explain please?
Thanks
  • #2,593
  • Dec 15, 2015 1:11am Dec 15, 2015 1:11am
Quoting jpyp99
{quote} Hi redwed, Thanks for your detailed posts. They are very information. However I am still struggling to understand the difference between CCFp-Diff MTF and CC-Diff MTF and why they are very often giving different signals. Could you try to explain please? Thanks
Wow. We've got a new interest here. It's good to see someone new in this thread.

First, as i said before: please read CCFp and CC. Link 1, link 2. This is the first discussions on them brought up by Simeon Semenych - the creator of those indicator.

### The second indicator is CC (Complex_Common).
It is an impulse, or signal indicator. It is very sensitive and quickly reacts on the price movements. ###

That's why the signals are not the same.

For me, i'm still investigating which one of the two is better.

First indicator CCFp Diff were introduced by FerruFx on Oct 13,2008.

And the progress become very fast, until final one is disclose to the public. It is CC-Diff v2.0 MTF.

And at current time, the indicator is available to use on our mt4 with latest update. The only problem is, finding what suits our personality the most.

Regards.
  • #2,594
  • Dec 15, 2015 8:26am Dec 15, 2015 8:26am
Quoting stringfx
{quote} thanks .... i thought it was a different indicator . i have this one. In your first post you mentioned CCFP-DIV .
Hello, String!
When do you start to trail?
Do you close not at the TP or SL?
Thank you!
Just an opinion. Based on research
  • #2,595
  • Dec 15, 2015 11:17am Dec 15, 2015 11:17am
Quoting BrasilForex
{quote} I will test your settings. {image}


Closed first day orders.

USDJPY = +57 (LONG)
CADJPY = +35 (LONG)
AUDJPY = -44 (LONG)
Total = +48
  • #2,596
  • Dec 15, 2015 1:59pm Dec 15, 2015 1:59pm
Quoting trader1234
I've been using the following with some good results over the last 3 weeks. Indicator: ccfp-div_v1.03 Weekly Timeframe Trade Level 2 Every other setting at default values week1 510pips week2 240pips week3 730pips All suggested pairs made by indicator were taken. Trades taken @ beginning of the week (Anytime from market open till 6 hours after market opens) Trades closed before fridays london open. Indicator: ccp_div_2.0 Daily Timeframe Trade Level 2 Every other setting at default values Week 1 -5, 100, 250 -50 = 295pips Week 2 130, -40, 145, 90...
Do you actually mean the trading day as in broker time? (My brokers day starts at 10pm GMT) Or the London session opening time?

Cheers
  • #2,597
  • Dec 15, 2015 2:19pm Dec 15, 2015 2:19pm
Yup, so whenever your daily candle has finished closing, then this is when the new signals are generated (if any) by the indicator.

For the daily trades, I take them anytime from 2/3hours after my daily candle has closed. And close all trades 2/3 hours before the next daily candle begins.

For the weekly trades, I take them on sunday (market opens for me on my broker) and hold them throughout the week until friday (Which I close all trades before the open of london's trading session)
  • #2,598
  • Dec 15, 2015 2:21pm Dec 15, 2015 2:21pm
I found that this suits my trading style as I can't always be infront too monitor trades, and the results have been quite decent as well.
  • #2,599
  • Dec 15, 2015 3:34pm Dec 15, 2015 3:34pm
Quoting trader1234
I found that this suits my trading style as I can't always be infront too monitor trades, and the results have been quite decent as well.

what number do I have to use to make the ccfp to use the weekly TF?

thanks in advance,
Regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #2,600
  • Dec 15, 2015 3:36pm Dec 15, 2015 3:36pm
10080 I would think.
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