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Trading System Using Relative Strength-Part 2

  • #1,461
  • Aug 13, 2015 1:22pm Aug 13, 2015 1:22pm
Quoting Fredser
Hi Ferru i know its been kinda long since this thread was active...but i highly admire what u've done i have an idea to 'solve' strength and which currency to pay attention to.....here we go Weekly Cycle basing on the rate change of CCFp. A currency is over bought if it is the strongest when the week starts taking- position: (1). during the course of the week, should it fall from first place to third place - position: (3) then we can confirm that the currency is yet to keep falling/weakening and we can get ready to SELL it Vs any other currency...

i don't get into all that...what i do know is that yeah cycles exist. so if you are saying the currency that turns around on one end versus the currency that turns around on the other end is a good signal..then yeah. I'd have to agree with that.


@ ferru or coders

can we please have an alert for that on the latest version

TYIA
  • #1,462
  • Aug 25, 2015 10:29am Aug 25, 2015 10:29am
Quoting FerruFx
Here's attached the new releases of the CCFp-Diff and CCFp-Diff MTF. Now both versions have included the option "current" (true/false) instead of having a separate version. The MTF version have the Alert coded when at least 1 suggestion is there at the new refreshing period (the smallest of the 4 TFs selected in the inputs). Enjoy. FerruFx {file} {file}

Thank you very much FerruFx. Here is my result, trying out this indicator for the 1st time:

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I've included my set of sl and tp using another tool. However, the trade is taken manually based on CCFp-Diff MTF by mr FerruFx.

Thank you again.
  • #1,463
  • Aug 25, 2015 11:08am Aug 25, 2015 11:08am
Quoting redwed
{quote} Thank you very much FerruFx. Here is my result, trying out this indicator for the 1st time: {image} {image} I've included my set of sl and tp using another tool. However, the trade is taken manually based on CCFp-Diff MTF by mr FerruFx. Thank you again.

hey red what whas the manual criteria that you used... from last postion to second to last position and vice versa?
  • #1,464
  • Aug 26, 2015 2:34am Aug 26, 2015 2:34am
Quoting dagoods
{quote} hey red what whas the manual criteria that you used... from last postion to second to last position and vice versa?
Helllo dagoods.. Here is my setting..

Attached Image


Trade well!
  • #1,465
  • Aug 26, 2015 2:48am Aug 26, 2015 2:48am
Quoting redwed
{quote} Thank you very much FerruFx. Here is my result, trying out this indicator for the 1st time: {image} {image} I've included my set of sl and tp using another tool. However, the trade is taken manually based on CCFp-Diff MTF by mr FerruFx. Thank you again.
Here is my updated results for 25.08.2015..

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I am working on optimizing my sl and tp right now. Will need more time testing this incredible tool!

I would like to convey my thanks to EStrader and FerruFx especially for bringing up the idea for this beautiful creation. Thank you!
  • #1,466
  • Oct 23, 2015 1:03am Oct 23, 2015 1:03am
Hello. This is another indicator for 1hr which had been modifed by my self.
Attached Image (click to enlarge)
Click to Enlarge Name: QQ图片20151022160619.png Size: 62 KB
Attached File(s)
File Type: ex4 ccfp_4_1hr.ex4   52 KB | 592 downloads
  • #1,467
  • Oct 27, 2015 2:38am Oct 27, 2015 2:38am
Change the property show_all to false, it will show 2 line of the current currency.
Attached Image (click to enlarge)
Click to Enlarge Name: QQ图片20151027153314.png Size: 139 KB
Attached File(s)
File Type: ex4 ccfp_4_1hr.ex4   52 KB | 613 downloads
  • #1,468
  • Dec 20, 2015 4:23pm Dec 20, 2015 4:23pm
Quoting redwed
{quote} Here is my updated results for 25.08.2015.. {image} {image} I am working on optimizing my sl and tp right now. Will need more time testing this incredible tool! I would like to convey my thanks to EStrader and FerruFx especially for bringing up the idea for this beautiful creation. Thank you!
Good work,but please may i ask on what time frame would one place the indicator,secondly do you take the trade based on the alert given by the CCFp-Diff MTF please help out what and what do you consider before entering the trade and lastly,when exactly should i start entring the trades thanks
  • #1,469
  • Dec 20, 2015 4:40pm Dec 20, 2015 4:40pm
Quoting linken1788
Change the property show_all to false, it will show 2 line of the current currency. {image} {file}
sorry if i may ask ,what criteria do we look to enter the trade?
  • #1,470
  • Dec 21, 2015 6:39am Dec 21, 2015 6:39am
Quoting commander365
{quote} Good work,but please may i ask on what time frame would one place the indicator,secondly do you take the trade based on the alert given by the CCFp-Diff MTF please help out what and what do you consider before entering the trade and lastly,when exactly should i start entring the trades thanks
Read the first thread Post 2498.

I took the trade 'only' refering to CCFp-Diff MTF/CC-Diff MTF. i did not look at charts at all. I guess, the market is in the trending mode at that time (and a bit of luck?).

The conditions involved is m15/h1/h4 is in agreement.

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Please take note too on trading time (london session only), Day of trades taken (those were taken tuesday till thursday).

I don't pay any attention to the news announcement back then (i'm new to forex at the moment).

read the first thread. Many discreet findings were there (especially in my posts). Not much time to do all the long & lengthy explanations.

Hope you get it too.
  • #1,471
  • Dec 24, 2015 4:09pm Dec 24, 2015 4:09pm
Hi, i traied playing only with signal CCFp-Diff MTF/CC-Diff MTF with dashboard for some time. I use 15 30 240, or 15 60 240 there are many good signals but the main problem is menage of trade. Also time of playing is very importatn. I think the best time is to play at start london to smth around 3 hours after closing london but we still have US session. Until now im taking smth break even. The main problem is TP/Sl/Trailing. Do you have any good settings for this ? ohh and there is still signal form ccfp or cc mtf. Do you enter evry signal or do you have some kind of way to chose good one? For me it is little porblematic only form dash board and i should check chart but time of eneter is important and the circle is closing

I m curious about your settings and ideas
Sorry for my English.
  • #1,472
  • Dec 28, 2015 7:48am Dec 28, 2015 7:48am
Quoting mrous
Hi, i traied playing only with signal CCFp-Diff MTF/CC-Diff MTF with dashboard for some time. I use 15 30 240, or 15 60 240 there are many good signals but the main problem is menage of trade. Also time of playing is very importatn. I think the best time is to play at start london to smth around 3 hours after closing london but we still have US session. Until now im taking smth break even. The main problem is TP/Sl/Trailing. Do you have any good settings for this ? ohh and there is still signal form ccfp or cc mtf. Do...
1. With dashboard. Which dashboard are you referring to?
2. Many good signals. Great to hear that CCFp-Diff MTF & CC-Diff MTF worked well for you.
3. Manage of trade? From your explanations, i understand that you already know that: London and US session is the best choice.
4. The main problem is TP/Sl/Trailing: i think this depend on each trader's personality.

A simple solution for this is - Wait for CCFp, CC-Diff MTF signals to come out. Check present chart with every recommendation. If the signal came out pretty early in the trend, take the trade. If the trade is a bit late (the market already trending for quite sometime), it might be wise to avoid the recommendation.

5. Do you enter evry signal or do you have some kind of way to chose good one?
I think this will multiply risk, especially if the account is too small. Remember: we're playing with wild spreads from all pairs available from our broker. So, one position per pair should be enough.

If you want to take the trade, SL would be recent swing high/low.

That's what i'm experimenting right now, great to see new interest around here...
  • #1,473
  • Dec 29, 2015 3:05pm Dec 29, 2015 3:05pm
Quoting redwed
{quote} Read the first thread Post 2498. I took the trade 'only' refering to CCFp-Diff MTF/CC-Diff MTF. i did not look at charts at all. I guess, the market is in the trending mode at that time (and a bit of luck?). The conditions involved is m15/h1/h4 is in agreement. {image} Please take note too on trading time (london session only), Day of trades taken (those were taken tuesday till thursday). I don't pay any attention to the news announcement back then (i'm new to...
THANKS I REALLY APPRECIATE. finally,do we need to put into confederation,any news release, i believe it may affect trades placed at that time or what is your take on this
  • #1,474
  • Dec 29, 2015 3:15pm Dec 29, 2015 3:15pm
Quoting redwed
{quote} Read the first thread Post 2498. I took the trade 'only' refering to CCFp-Diff MTF/CC-Diff MTF. i did not look at charts at all. I guess, the market is in the trending mode at that time (and a bit of luck?). The conditions involved is m15/h1/h4 is in agreement. {image} Please take note too on trading time (london session only), Day of trades taken (those were taken tuesday till thursday). I don't pay any attention to the news announcement back then (i'm new to...
thanks for the explanation ,can you please post me the exact indicator? CCFp-Diff MTF/CC-Diff MTF
  • #1,475
  • Dec 29, 2015 3:35pm Dec 29, 2015 3:35pm
Quoting redwed
{quote} Read the first thread Post 2498. I took the trade 'only' refering to CCFp-Diff MTF/CC-Diff MTF. i did not look at charts at all. I guess, the market is in the trending mode at that time (and a bit of luck?). The conditions involved is m15/h1/h4 is in agreement. {image} Please take note too on trading time (london session only), Day of trades taken (those were taken tuesday till thursday). I don't pay any attention to the news announcement back then (i'm new to...
At what time does the indicator give the signal,and on which timeframe must it be placed?
  • #1,476
  • Dec 30, 2015 3:53am Dec 30, 2015 3:53am
Quoting commander365
{quote} THANKS I REALLY APPRECIATE. finally,do we need to put into confederation,any news release, i believe it may affect trades placed at that time or what is your take on this
This is a GOOD semi-scalping system. Be sure that you're aware of any news announcement coming. In fact, i guess the best tf to go with is m15/m30 or m15/m30/h1.

 

  1. If you choose m15/m30, then you obviously doesn't care about LAST 1 hour trend.
  2. If you choose m15/m30/h1, then you're on the same trend as H1.


I can't exactly say which one is better, as i'm also currently learning from this signals.

The only rule up until now is - NEVER choose lower tf than m15. The spreads are pretty big in exotic pairs especially GN. M5 movement will not enough to cover the spread + more stress to handle 28 pairs each 5 minutes! Another reason is: Just in case of any unexpected news, you'll less likely caught in a sudden whipsaw.

Quoting commander365
{quote} thanks for the explanation ,can you please post me the exact indicator? CCFp-Diff MTF/CC-Diff MTF
Read my post in the first thread click here.

Quoting commander365
{quote} At what time does the indicator give the signal,and on which timeframe must it be placed?
The indicator gives signal only after the bar closed/complete. You can change to current bar if you want to.

Attached Image

 

  1. If you choose m15/h4, the signal will come out every completed m15 bar.
  2. If you choose m1/h4, the signal will come out every completed m1 bar.
  3. If you choose m5/h1/h4, the signal will come out every completed m5 bar.


If you choose current bar setting, you will get signal every time the current bar/current price give signal.

If you asked me, i'm using the default (closed bar). Already explained here. I've never set my indicators True to Use.Current up until now.

Any timeframe have no effect on the indicators. Look carefully: the indicator first posted by FerruFX in 2008, it's still relevant and in a good shape until now. Use them until you find your perfect combo...

If you want to read my posts regarding CC/CCFp-related, please start here. I'm recently being too obsessed with them. Might be considering to open a new thread to gather my findings one day....

  • #1,477
  • Dec 30, 2015 4:21am Dec 30, 2015 4:21am
thanks, but i discover that sometimes when the ccfp mtf gives sidnal.it sometime dissapaper.why?
  • #1,478
  • Dec 30, 2015 4:23am Dec 30, 2015 4:23am
Quoting redwed
{quote} 1. With dashboard. Which dashboard are you referring to? 2. Many good signals. Great to hear that CCFp-Diff MTF & CC-Diff MTF worked well for you. 3. Manage of trade? From your explanations, i understand that you already know that: London and US session is the best choice. 4. The main problem is TP/Sl/Trailing: i think this depend on each trader's personality. A simple solution for this is - Wait for CCFp, CC-Diff MTF signals to come out. Check present chart with every recommendation. If the signal came out pretty early in the trend, take...
why do CCFp-Diff MTF/CC-Diff MTF sometimes disapear after given signal.does it mean the signal is not valid,i noticed it gave me a buy on AUDJPY and after some minutes it disapear
  • #1,479
  • Dec 30, 2015 6:12am Dec 30, 2015 6:12am
Quoting commander365
{quote} why do CCFp-Diff MTF/CC-Diff MTF sometimes disapear after given signal.does it mean the signal is not valid,i noticed it gave me a buy on AUDJPY and after some minutes it disapear
Attached Image (click to enlarge)
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In my example: after the 'refreshing process done' appears on the screen, the signal would not change for another 15 minutes. The indicators need time to calculate all 8 currencies MA for the signal..
  • #1,480
  • Dec 30, 2015 9:46am Dec 30, 2015 9:46am
Quoting redwed
{quote} {image} In my example: after the 'refreshing process done' appears on the screen, the signal would not change for another 15 minutes. The indicators need time to calculate all 8 currencies MA for the signal..
Thank you so much redwed,if i get you right i will only take a signal after the refreshing is done,also what trade level is best in your own opinion?
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