Trading system using relative strength | Page 132 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System Using Relative Strength-Part 2 1,499 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading system using relative strength
Exit Attachments

Trading system using relative strength

  • #2,621
  • Dec 16, 2015 8:49am Dec 16, 2015 8:49am
updated screenshot...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #2,622
  • Dec 16, 2015 9:18am Dec 16, 2015 9:18am
Quoting trader1234
As for that daily trade I took, u/j buy c/j buy It is currently hovering around minus to positive pips. And will be closed 2/3 hours before the days candle ends.
The same after LO (of course ) when I get up. Took and now around 0.
May be it's better to add some trail? Especially at the weekly edition.
Just an opinion. Based on research
  • #2,623
  • Dec 16, 2015 10:41am Dec 16, 2015 10:41am
Quoting since80808
{quote} The same after LO (of course ) when I get up. Took and now around 0. May be it's better to add some trail? Especially at the weekly edition.
hi since80808,

what is the broker you use? server time..

rgds
  • #2,624
  • Dec 16, 2015 10:46am Dec 16, 2015 10:46am
Hi Jay!
Alpari, GMT+2
Just an opinion. Based on research
  • #2,625
  • Dec 16, 2015 10:58am Dec 16, 2015 10:58am
Quoting trader1234
{quote} This is what I got from the non mtf version. I am not using the mtf version for the weekly and daily setups I have. {image} I am still experimenting with the mtf version, and it does seem to give different signals even when the settings are the same.
BTW,

FX USM based on price and D1 TF shows another "suggestions":
NZD CAD
NZD USD
(buy)

And both pairs are in profit now = Daily candles are green
Attached Image
Just an opinion. Based on research
  • #2,626
  • Dec 16, 2015 11:11am Dec 16, 2015 11:11am
Quoting since80808
Hi Jay! Alpari, GMT+2
hi since80808,

TQ for the reply. i placed trade in FOG demo (server time GMT+2), the signal from ccfp_diff_v2.0 (using 00 bar and 4 hr bar), but take opposite signal.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB

Attached Image


it went to floating of -100 pips and goes to 120 pips (gains) now ard 30pips (may be FOMC interest rate).

but how come u trade uj and c/j because these both is not in SELL/BUY signal. which 4hr bar you used?

regards
  • #2,627
  • Dec 16, 2015 3:33pm Dec 16, 2015 3:33pm
Jay,
I like your charts posted high! How do you get the input for your chart into the spreadsheet?
Ron
  • #2,628
  • Dec 16, 2015 4:03pm Dec 16, 2015 4:03pm
Quoting BrasilForex
{quote} Closed first day orders. USDJPY = +57 (LONG) CADJPY = +35 (LONG) AUDJPY = -44 (LONG) Total = +48
Day #02

USDJPY = +35 (LONG)
CADJPY = -26 (LONG)

Daily Total = +9
Week: +57

Day #03 (12/17/2015) Orders:
Attached Image
  • #2,629
  • Dec 17, 2015 2:46am Dec 17, 2015 2:46am
Quoting since80808
{quote} BTW, FX USM based on price and D1 TF shows another "suggestions": NZD CAD NZD USD (buy) And both pairs are in profit now = Daily candles are green {image}
USM is good. But please read the following awesome thread by flotsom. Currency Strength Indicator.

The following sums it very perfectly.

*** What I would like to do is identify which currency is strengthening or weakening most rapidly, regardless of what it's actual "strength" value may be. So in the chart image I've posted, at point "B" the green line is still the weakest on the chart, and the orange line is the strongest. But orange is weakening the most rapidly and green is strengthening most rapidly, and this can give some excellent moves to catch. I'm far more interested in which currencies are gaining or losing strength the fastest as opposed to what their strength value is. ***

So, you need to use multiple USM to compare their strength values. Match the weakening vs strengthening ccy.

Hope this helps.
  • #2,630
  • Dec 17, 2015 2:56am Dec 17, 2015 2:56am
Quoting 21vs7
{quote} {quote} ..firstly one needs to set up the initial indicators you are using - in .mq4, so one needs the code of this difference and the CC in the Code. One could pick this indicator code and add trading capabilities in EA. Building algorythms. I can work on that with you no problem. Surely loots of better people on this, but I always keep it simple which i found is the best at first. The EA should be structured in such a way that you would have loots of trading going on. You could track every signal and summarizze it in excel etc. Magic number/comment....
Wow. That looks fun, no doubt about it.

I have never been in a collaborative work like this before. It will take my commitment (and time) for sure.

I have 0 knowledge on programming, but i learned some simple ea coding before this.

About the invitation, give me time to think about it.
  • #2,631
  • Dec 17, 2015 3:10am Dec 17, 2015 3:10am
Quoting packgreen49
Jay, I like your charts posted high! How do you get the input for your chart into the spreadsheet? Ron
hi packgreen,

i've added 2 features on top of pipo's excel template here. refer my previous post for the 2 additional features and how to use it.
attached below for the template for your reference.
Attached File(s)
File Type: xls rStrength(1).V.03_jay.xls   93 KB | 667 downloads


DO NOT CHANGE ANY SHEET NAME BECAUSE IT'S USING MACRO, ONCE YOU CHANGE ANY SHEET NAME THE MACRO UNABLE TO WORK!!!


" How do you get the input for your chart into the spreadsheet?"
Ans - You need to copy the value from your MT4 (any pair but in H4 TF and make sure the ccfp indicator added in the pair). And you need to activate data window in mt4 (Ctrl + D). Click (move your cursor) to the finished H4 bar in MT4 and copy (Ctrl + C) and paste in the excel . For example 4:00 finished bar and 8:00 finished bar. (Make sure you paste the value in exact column in the excel, because the formula used by pipo is wholly dependent to the cell below (red boxed). Hope its clear.

Attached Image


ccfp indicator here

Regards
Jay
  • #2,632
  • Dec 17, 2015 2:43pm Dec 17, 2015 2:43pm
Hey Guys,

Can anyone help with this formatting issue of the histograms at the bottom of the screen?

Thanx
Noni

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 220 KB
  • #2,633
  • Dec 17, 2015 4:39pm Dec 17, 2015 4:39pm
Quoting nonibadsha
Hey Guys, Can anyone help with this formatting issue of the histograms at the bottom of the screen? Thanx Noni {image}
You're using MTF version.. No histo for mtf. If you choose 2/3 mtf's, there will be 2/3 line of histos need to be painted...
  • #2,634
  • Dec 17, 2015 4:42pm Dec 17, 2015 4:42pm
Quoting redwed
{quote} Wow. That looks fun, no doubt about it. I have never been in a collaborative work like this before. It will take my commitment (and time) for sure. I have 0 knowledge on programming, but i learned some simple ea coding before this. About the invitation, give me time to think about it.
There is nothing to think about. Sooner you start thinking in thia direction, better. And business of trading is no fun. Its hard work. That is all.
  • #2,635
  • Dec 17, 2015 7:43pm Dec 17, 2015 7:43pm
Jay,
Shown below is what I have on the spreadsheet. I am confused in what I should copy from mt4? I am confused on the AUDJPY, H4? Do I have to copy only this pair? Speaking of time, you will notice the EURUSD is show .3333 and .5? These are confusing.

Attached Image
Attached Image
  • #2,636
  • Dec 18, 2015 2:14am Dec 18, 2015 2:14am
Quoting redwed
{quote} You're using MTF version.. No histo for mtf. If you choose 2/3 mtf's, there will be 2/3 line of histos need to be painted...
I think, I need to rephrase my question

What I meant was that the histo at the bottom of the page is not displaying correctly, the formatting seems wrong, the text is all squashed together.

Thanx
Noni
  • #2,637
  • Dec 18, 2015 2:31am Dec 18, 2015 2:31am
Quoting nonibadsha
{quote} I think, I need to rephrase my question What I meant was that the histo at the bottom of the page is not displaying correctly, the formatting seems wrong, the text is all squashed together. Thanx Noni
Sorry for the confusion.

Download the non-mtf version here.

CCFp-Diff latest update.

CC-Diff latest update.

That did just fine in my platform.

Attached Image (click to enlarge)
Click to Enlarge Name: correct histo.png Size: 12 KB
  • #2,638
  • Dec 18, 2015 2:43am Dec 18, 2015 2:43am
Quoting redwed
{quote} Sorry for the confusion. Download the non-mtf version here. CCFp-Diff latest update. CC-Diff latest update. That did just fine in my platform. {image}
Thanks for the help Red, but I already have the latest versions.
Does anyone else have any idea?

Thanx
Noni
  • #2,639
  • Dec 18, 2015 2:53am Dec 18, 2015 2:53am
Quoting 21vs7
{quote} There is nothing to think about. Sooner you start thinking in thia direction, better. And business of trading is no fun. Its hard work. That is all.
We need happiness in whatever we do.

I'm having a fun time finding my holy grail. No argument there on the hard work involved in this line of job..

I am curious, i want to know how i can contribute more on this?

Will we build a new 'replica' involving CCFp-Diff or CC-Diff algorithm/formula/calculation to implement auto-trading it in an ea?

If you want to keep it private & faster reply, i prefer skype. My username is redwed90 .
  • #2,640
  • Dec 18, 2015 4:44am Dec 18, 2015 4:44am
Quoting packgreen49
Jay, Shown below is what I have on the spreadsheet. I am confused in what I should copy from mt4? I am confused on the AUDJPY, H4? Do I have to copy only this pair? Speaking of time, you will notice the EURUSD is show .3333 and .5? These are confusing. {image}{image}
Hi Packgreen,

I think in the excel some of the field is hidden, please unhide(check the FALSE in currency pair table)

Attached Image


Attached Image


Maybe I missed out to highlight this part in my previous post...will update it. Thanks for highlighting...

Note: Before copy paste the value from MT4, make sure checked the FALSE in currency pair table)!!!

Regards,
Jay
4 traders viewing now