28pair Currency Strength double-GAP Momentum Strategy | Page 27 | 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

  • #521
  • Feb 22, 2016 5:23am Feb 22, 2016 5:23am
Quoting ALFtrade
This indi has been able to reduce my draw down by an ave of 50% so awesome job Bernhard, keep it up.
That is great ALF

The problem with FF posts 1 is that only 4 pictures are allowed. I could later include a list of post numbers which are important. I don't have much time this week as I will be traveling. So friends help each one out until I am fully back.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #522
  • Feb 22, 2016 6:24am Feb 22, 2016 6:24am
Hi Bernhard

How far are we for CS 28 EA?
  • #523
  • Feb 22, 2016 6:31am Feb 22, 2016 6:31am
Quoting Lightheart
{quote} Thank you for your comment AAGarcia. I am still working to better understand the use of that part of the rules as I often see good setups where the "x" is not yet above the zero line on the M5 time frame. I am not known as a rule follower and failing to do so does get me into some trouble from time to time. I mostly scalp the fast time frames in my trading, so I suspect it is more relevant to me than others trading the higher time frames. Lightheart
We had this discussion before. I don't trade Tokyo, time for sleep... But apply timing when read market momentum "x" below 50:
Tokyo Open is for Asian pairs JPY, AUD, NZD same as for London Open with EUR and GBP. So before Tokyo Open always is dead market but it will wake up through Tokyo for Asian pairs. Timing....
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #524
  • Feb 22, 2016 7:41am Feb 22, 2016 7:41am
fxbell,

Sorry I was wrong, with thinking that you do not have the indicator. Anyway continue discussion as well as you like.

Thanks,
Kibria
  • #525
  • Feb 22, 2016 2:15pm Feb 22, 2016 2:15pm
EURAUD 350 pip
H4 + Daily
Closed on SR
This Support looked me a good place to take profit.
If it breaks will look for reentry after a pullback and retest.
Attached Image (click to enlarge)
Click to Enlarge Name: wED28t4.png Size: 85 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #526
  • Feb 22, 2016 2:18pm Feb 22, 2016 2:18pm
Quoting Bernhard
EURAUD 350 pip H4 + Daily Closed on SR This Support looked me a good place to take profit. If it breaks will look for reentry after a pullback and retest. {image}
Bernhard . . . do you mostly trade the longer time frames? If so, which two? Thanks.
  • #527
  • Feb 22, 2016 4:06pm Feb 22, 2016 4:06pm
Quoting Lightheart
{quote} Bernhard . . . do you mostly trade the longer time frames? If so, which two? Thanks.
I trade all TFs. You just need to apply the position size to it. Conservative is to risk SL 1% to 0.5% of account per trade.
D1 is 6 times bigger then H4 so this is same relation like m5 and m30 which is also 6 times more but we say its 2 TFs higher, so this is relative. There should be a H12 but mt4 don't have. That's why H4 and D1 will work like a 2x TF higher. The main idea behind is the smaller TF should have enough room to complete its swings inside the higher TF. A m15 have for example not enough room to complete its swings inside a m30 because it is only double of the time.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #528
  • Feb 22, 2016 11:43pm Feb 22, 2016 11:43pm
Quoting Bernhard
EURAUD 350 pip H4 + Daily Closed on SR This Support looked me a good place to take profit. If it breaks will look for reentry after a pullback and retest. {image}
Hello Bernhard. In your example -you trade gap and cross.
I think is no true.
You must close gap, when pair near zero because you dontknow -will be cross or no.
may be gap and mirror gap, without cross: its 50\50.
In cross always been correction, and second order for trade cross -you open with pending limit order.
But primary - you can not trade gap and cross in one order.
  • #529
  • Feb 23, 2016 12:11am Feb 23, 2016 12:11am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting fxredbullua
{quote} Hello Bernhard. In your example -you trade gap and cross. I think is no true. You must close gap, when pair near zero because you dontknow -will be cross or no. may be gap and mirror gap, without cross: its 50\50. In cross always been correction, and second order for trade cross -you open with pending limit order. But primary - you can not trade gap and cross in one order.
The cross has no meaning here ... As long as the 2 currencies are travelling in opposite direction, we have a double gap ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #530
  • Feb 23, 2016 12:21am Feb 23, 2016 12:21am
Quoting FerruFx
{quote} The cross has no meaning here ... As long as the 2 currencies are travelling in opposite direction, we have a double gap ...
we dont know -will be double gap or will be gap and cross. In this time (on zero) we must close first order, and open next order when will be new gap or cross.
  • #531
  • Feb 23, 2016 12:52am Feb 23, 2016 12:52am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting fxredbullua
{quote} we dont know -will be double gap or will be gap and cross. In this time (on zero) we must close first order, and open next order when will be new gap or cross.
If you read the thread, you certainly know that OP isn't using the cross as a trading criteria ... You can see it clearly stated in post #499
MT4/MT5 EAs/Indicators/Alerts coder
  • #532
  • Feb 23, 2016 2:22am Feb 23, 2016 2:22am
Quoting FerruFx
{quote} If you read the thread, you certainly know that OP isn't using the cross as a trading criteria ... You can see it clearly stated in post #499
im trading a cross.
for example for enter to position and exit with indic provide HP in this my post
trade for Bernhard indicator must be for this rules too.
Exit from all positions of cross must be when we have two polaris -south and north on level 20 -80 (in my example CAD -USD)
and have hook on ecuator 50 (in example GBP)
  • #533
  • Feb 25, 2016 5:52am Feb 25, 2016 5:52am
Friends I am back from travel but still busy with some stuff. Got your emails answered...

@ fxredbullua, We do not need a cross because we check the higher TF trend! The crosses you show are very weak signals and most of time meaningless as you self mentioned many losses.
You may read again the first 2 pages of this thread. Your picture of crosses show many many simple GAPs! I can not stress enough the point to learn what is a simple GAP and what is a double GAP. If you like to wait for a cross when there was a double GAP it is your decision, it may make your entry late and your SL big, if the higher TF trend is with you it is not needed.
My advice for you: do not trade a cross just because there is just a cross and it is also a simple GAP and no trend confirmation.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #534
  • Edited 7:47am Feb 27, 2016 6:41am | Edited 7:47am
AUDUSD 15 + 15 pip
H4
Attached Image (click to enlarge)
Click to Enlarge Name: wAYfklY.png Size: 30 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #535
  • Feb 27, 2016 1:18pm Feb 27, 2016 1:18pm
Bernhard: Would it be correct to say you entered that first of two AUDUSD H4 trades above this post of mine
a bit early as the double gap did not have one of its currencies (USD) on the opposite side of the zero line?
  • #536
  • Feb 27, 2016 4:52pm Feb 27, 2016 4:52pm
Quoting Lightheart
Bernhard: Would it be correct to say you entered that first of two AUDUSD H4 trades above this post of mine a bit early as the double gap did not have one of its currencies (USD) on the opposite side of the zero line?
from h4 point of view yes but entry was from h1 and last h1 high was broken.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #537
  • Feb 27, 2016 5:21pm Feb 27, 2016 5:21pm
Why did you break it up into two trades instead of closing the first one when H4 changed? Also, why do you trade the bigger TFs now and not the smaller ones?
  • #538
  • Feb 28, 2016 3:08am Feb 28, 2016 3:08am
Quoting Ygr
Why did you break it up into two trades instead of closing the first one when H4 changed? Also, why do you trade the bigger TFs now and not the smaller ones?
Higher TFs can not be watched all the time, I was not in front of computer so I have set TP at last h4 high.
But I trade the smaller FT still if I have time for it. I was very busy this week with private matters.
Friends if you have questions or trades post it.
Wish you all green pips.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #539
  • Feb 28, 2016 6:42am Feb 28, 2016 6:42am
Quoting Bernhard
{quote} I don't know why you do not like to see the rest of information the market give. You can turn color to "none". In a future version I may add "thickness_other6"=0 for not show.
Hi Bernhard, any plans for this update?
  • #540
  • Feb 28, 2016 10:29am Feb 28, 2016 10:29am
Quoting LFN
{quote} Hi Bernhard, any plans for this update?
I got it special for you included in the next version.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
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