28pair Currency Strength double-GAP Momentum Strategy | Page 20 | Forex Factory

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Attachments: 28pair Currency Strength double-GAP Momentum Strategy
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28pair Currency Strength double-GAP Momentum Strategy

  • #381
  • Jan 26, 2016 11:12am Jan 26, 2016 11:12am
CADJPY 85 pip
could go more
m30
Attached Image (click to enlarge)
Click to Enlarge Name: oAHy4yM.png Size: 45 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #382
  • Jan 26, 2016 11:16am Jan 26, 2016 11:16am
USDCAD 95 pip
m30
USD not the strongest slope but steady
Attached Image (click to enlarge)
Click to Enlarge Name: rhs0nYQ.png Size: 48 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #383
  • Jan 26, 2016 7:36pm Jan 26, 2016 7:36pm
Quoting duy90
Bernhard how would you deal with this that i pointed out with white rectangle? I see lots of double gaps and chose the strongest vs weakest. However if you look at the chart and traded according to the signal from CS. It would reverse right after 10 candles or so. Please advice. {image}
​Hi duy, can you kindly share that your news reminder script on the top left corner of your mt4 platform. I need to always be reminded kind of...thanks
  • #384
  • Edited 3:02am Jan 27, 2016 12:02am | Edited 3:02am
Quoting Bernhard
CADJPY 85 pip could go more m30 {image}
Quoting Bernhard
USDCAD 95 pip m30 USD not the strongest slope but steady {image}

Bernhard, why did you choose CADJPY and not CADCHF or any other currency pairs

Same question for USDCAD, why did you decide to trade USDCAD instead of CADJPY


Quoting chidiezenyem
{quote} ​Hi duy, can you kindly share that your news reminder script on the top left corner of your mt4 platform. I need to always be reminded kind of...thanks
I hope Bernhard doesn't mind me adding this News indicator on his thread. If you do, PM me and i will remove it.
Attached File(s)
File Type: ex4 NewsCal-v107.ex4   48 KB | 463 downloads
  • #385
  • Jan 27, 2016 1:36am Jan 27, 2016 1:36am
Quoting duy90
{quote} {quote} Bernhard, why did you choose CADJPY and now CADCHF or any other currency pairs Same question for USDCAD, why did you decide to trade USDCAD instead of CADJPY {quote} I hope Bernhard doesn't mind me adding this News indicator on his thread. If you do, PM me and i will remove it. {file}
​Thanks, I guess he wont mind since we are not using it to combine with his good indicator, its just a good reminder to know whats happening and when to stay off trading.
Bernhard I hope am correct?
  • #386
  • Jan 27, 2016 2:37am Jan 27, 2016 2:37am
Hi Berhnard,

this morning I put on this EA trade on M5 just after market went above fib50 level after few bars it reached SL. Maybe my SL was too tight, what about stoploss setting in this strategy ? Do you think it could be better to wait LO to have a clearer picture of the market ?

Best,
Bubincka
Attached Image (click to enlarge)
Click to Enlarge Name: EA_SL.jpg Size: 154 KB
Porta itineris dicitur longissima esse
  • #387
  • Edited 10:21am Jan 27, 2016 3:02am | Edited 10:21am
Quoting duy90
{quote} {quote} Bernhard, why did you choose CADJPY and now CADCHF or any other currency pairs Same question for USDCAD, why did you decide to trade USDCAD instead of CADJPY {quote} I hope Bernhard doesn't mind me adding this News indicator on his thread. If you do, PM me and i will remove it. {file}
There are to many opportunity in the market you can't take it all. Then there is money management, not good to do too many trades correlated unless your position size is corrected.
That Indi I use it too. Info for new is good.

Quoting bubincka
Hi Berhnard, this morning I put on this EA trade on M5 just after market went above fib50 level after few bars it reached SL. Maybe my SL was too tight, what about stoploss setting in this strategy ? Do you think it could be better to wait LO to have a clearer picture of the market ? Best, Bubincka {image}
Post the higher TF you used as trend.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #388
  • Jan 27, 2016 4:02am Jan 27, 2016 4:02am
So when we move to Commerical section? I miss that
By failing to prepare, you are preparing to fail.
  • #389
  • Jan 27, 2016 4:55am Jan 27, 2016 4:55am
Folks, someone give me a heads up on how much to donate? I have no clue and don't want to be a cheapskate who sends $0.99
  • #390
  • Jan 27, 2016 5:32am Jan 27, 2016 5:32am
Quoting shiva
Folks, someone give me a heads up on how much to donate? I have no clue and don't want to be a cheapskate who sends $0.99
Hi shiva. Indeed we started without a minimum and there have been a few of those cheapskates. That's why I added a minimum with the time which I keep free to change. As soon the official version is released and posted on the market this offer will expire. Please send me a mail to have the update info. post 371
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #391
  • Jan 27, 2016 5:36am Jan 27, 2016 5:36am
Quoting Bernhard
{quote} Hi shiva. Indeed we started without a minimum and there have been a few of those cheapskates. That's why I added a minimum with the time which I keep free to change. As soon the official version is released and posted on the market this offer will expire. Please send me a mail to have the update info. post 371
  • #392
  • Jan 27, 2016 8:07am Jan 27, 2016 8:07am
My vision of trade based on the strength of currencies is to search the weakest and the strongest currency. Then EA creates such currency pair and trades in the opposite direction to the force of currencies. Sample image attached. At low TF can be traded DT. An important element is the possibility of adding another position when the currencies are moving in the original direction.
Attached Image (click to enlarge)
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  • #393
  • Edited Jan 28, 2016 3:34am Jan 27, 2016 10:25am | Edited Jan 28, 2016 3:34am
Kasia. If I am correct you look for reversal trades. But against the bigger trend and adding to losing positions is very risky. Better is to wait for a continuation and add to winning trades.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #394
  • Jan 27, 2016 11:51am Jan 27, 2016 11:51am
You're right, it's quite risky way of trading but sometimes you can catch the beginning of the movement.
In addition, I scan the broad market and in this way I trade in the most extreme pairs. The rest should do the statistics. I watch total result rather than on individual pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-27_184406.jpg Size: 471 KB
  • #395
  • Edited Jan 28, 2016 3:34am Jan 27, 2016 12:36pm | Edited Jan 28, 2016 3:34am
Kasia. OK you are welcome to post your strategy or ideas but please stop to promote your products on my thread. Thank you.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #396
  • Jan 27, 2016 12:44pm Jan 27, 2016 12:44pm
Quoting Bernhard
{quote} OK you are welcome to post your strategy or ideas but please stop to promote your products on my thread. Thank you.
I do not sell it. Rather, I have in mind to compare of your indicator with the that I used. Maybe I buy from you.
  • #397
  • Jan 27, 2016 1:33pm Jan 27, 2016 1:33pm
Quoting trader1234
Been using the ccfp (currency strength) indicator with the same concepts. Works like a charm as well. Charts are 30m,1hr,4hr {file} {image}
Use this indi, and make the following adjustments

MA_Method = 0
Price = 6
Fast = 1
Slow = 2

This is for the beginners that can't afford too spend money. Why pay for something that is already available? Just a thought.....
  • #398
  • Jan 27, 2016 1:36pm Jan 27, 2016 1:36pm
An example for a m5 scalp as asked by Bubincka before. Trend is H1 double GAP entry m5 double GAP,
closed at market fibonacci 161 retracement zone with CS flat/hook and don't forget about timing, timing is important here: London close.
CADJPY 30 pip
m5 H1
Attached Image (click to enlarge)
Click to Enlarge Name: FPQAslA.png Size: 79 KB


Anyone posting setups please post in this form. pair, TF1 TF2, 2 charts.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #399
  • Jan 27, 2016 3:19pm Jan 27, 2016 3:19pm
Quoting Kasia
You're right, it's quite risky way of trading but sometimes you can catch the beginning of the movement. In addition, I scan the broad market and in this way I trade in the most extreme pairs. The rest should do the statistics. I watch total result rather than on individual pairs. {image}
Kasia,

Interesting. I saw a similar indicator posted by Baluda (CSS Indicator) on Stevehopwood FX. Do you have other indicator to scan the market?

Edd
  • #400
  • Jan 27, 2016 5:14pm Jan 27, 2016 5:14pm
Quoting Bernhard
{quote} OK you are welcome to post your strategy or ideas but please stop to promote your products on my thread. Thank you.
Kasia - This is like trying to pick the perfect top or bottom. I am not sure if this is a safe strategy to leave in the hands of an EA/Robot. Also the relative strength and weakness often interchange among the 8 pairs throughout the day. So money management is going to be a key factor with this.
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