28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Currency strength Trading System for multiple pairs trading 6 replies

beta test this currency strength indicator system 12 replies

Trading system based on individual currency strength 12 replies

any mt4 offer 28pairs major currency? 15 replies

Knife system, Vegas 4h system related questions. 4 replies

Attachments: 28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions
Exit Attachments

28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions

  • #161
  • Jul 19, 2016 9:19am Jul 19, 2016 9:19am
Quoting Bernhard
{quote} Use the update quotes profiles instead from time to time. post 20
I did...they work great....I also did as you suggested have main pairs charts with all timeframes i want active and minimized....you said 8 major pairs?
I have six...(EU, UJ, GU, UC, UCHF, AU)...what other 2 are you using?

watching NY now....looking back at TO and LO sessions ....smoother and clearer entries as expected.

db
  • #162
  • Jul 19, 2016 9:29am Jul 19, 2016 9:29am
Quoting dreambig
Heres my 5m....looks different I'm sure due to broker data. {image}
Mostly all same just color. His broker is 4 digit, yours is 5 digit so there can be slightly different.
For the minimized charts there are 7, you missing NZDUSD.
So maybe its your missing NU feed ?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #163
  • Jul 19, 2016 9:34am Jul 19, 2016 9:34am
Quoting Bernhard
{quote} Mostly all same just color. His broker is 4 digit, yours is 5 digit so there can be slightly different. For the minimized charts there are 7, you missing NZDUSD. So maybe its your missing NU feed ?
got it...added
  • #164
  • Jul 19, 2016 12:12pm Jul 19, 2016 12:12pm
Hello Bernhard and members!

I am happy to be part of the group!

Have been using various types of Currency Correlators over the years..Heatmaps, CCp, Spaghetti indicators, meters.

In my opinion, trading without knowing which currency is strong or weak is like driving a car without steering wheel! What Bernhard has created is the Mercedes!

Am still experimenting with different settings so using demo account and taking a bunch of trades.

I look forward to becoming a better trader. Many thanks!
  • #165
  • Jul 19, 2016 12:24pm Jul 19, 2016 12:24pm
Looks like markets have been ranging last couple of days? Would you agree?

MaMom has been generally quiet? Maybe some NZD and range GBP movement?

I find the CSspeed is a bit trickier when market is ranging especially when there is a buy-sell signal.. Slight movements with more pullbacks. Am I interpreting the indicators right?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB
Click to Enlarge Name: Screenshot3.png Size: 85 KB
  • #166
  • Jul 19, 2016 12:32pm Jul 19, 2016 12:32pm
After a couple of days, more green pips than red, but still experimenting! It takes time to learn all the features of a Mercedes!! LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
  • #167
  • Jul 19, 2016 12:43pm Jul 19, 2016 12:43pm
Thanks for posting your results Wiggles! Rarely done in the FX chatroom arena. Posting makes for much greater credibility. Here is the equity curve for a $10K account I began March 19. I target a 1% account per week and have been slightly exceeding that since March 19. I believe if I keep my current rules in place and simply double my trade size as a percent of my account I can hit 100% account growth per year. I am currently using 0.5% risk to account per trade, and sometimes a good bit less if I am experimenting with a strategy change.

I agree with your assessment about the market being ranging.

Lightheart
Attached Image (click to enlarge)
Click to Enlarge Name: Jounral.jpg Size: 263 KB
  • #168
  • Jul 19, 2016 1:06pm Jul 19, 2016 1:06pm
Quoting Lightheart
Thanks for posting your results Wiggles! Rarely done in the FX chatroom arena. Posting makes for much greater credibility. Here is the equity curve for a $10K account I began March 19. I target a 1% account per week and have been slightly exceeding that since March 19. I believe if I keep my current rules in place and simply double my trade size as a percent of my account I can hit 100% account growth per year. I am currently using 0.5% risk to account per trade, and sometimes a good bit less if I am experimenting with a strategy change. I agree...
Hi Lightheart!

Thank you!

Great videos you posted. Watched them all!

Impressive results! Your strategy looks very achievable...

It's fun to zoom out on the C28-Speed on the higher timeframes.

Bernhard said you really can get the birdseye view of the whole market! You can see the huge spike on the Brexit 6/23 and also other than a few smaller GBPJPY spikes, how the market has really been ranging between the 23 Market Fib on the H1.

As an added bonus when you zoom out, the colors start to look like a Monet Painting!! hahaha!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
  • #169
  • Jul 19, 2016 1:12pm Jul 19, 2016 1:12pm
Yes, very Impressionistic! LOL

It also looks like an electrocardiogram. Or how my ECG looks when I am in a losing trade!!

Lightheart
  • #170
  • Jul 19, 2016 1:19pm Jul 19, 2016 1:19pm
Quoting Lightheart
Yes, very Impressionistic! LOL It also looks like an electrocardiogram. Or how my ECG looks when I am in a losing trade!! Lightheart
Haha! Yes agreed...and let's hope it doesn't Flatline any time soon! LOL
  • #171
  • Jul 19, 2016 1:22pm Jul 19, 2016 1:22pm
Quoting Wigglesworth
Looks like markets have been ranging last couple of days? Would you agree? MaMom has been generally quiet? Maybe some NZD and range GBP movement? I find the CSspeed is a bit trickier when market is ranging especially when there is a buy-sell signal.. Slight movements with more pullbacks. Am I interpreting the indicators right? {image} {image}
Welcome Wiggles !
Yes markets been quite this week. It is clearly to see on H4 with CStrength28. Still you can find movements in lower TFs.
The Speed indicator does not show you same way as CS. You look for initial trigger of acceleration/speed. Imagine you are in your Mercedes how many Seconds it takes to accelerate from 0 to 100 ? And then ?? No more acceleration needed, you just drive, all right?
So look for the extrem picks of speed when it breaks out of the MFib 23 range and then check CS and chart if there is a trade or not.

Here GBPJPY m15 of today.
3 trades of 35 pip each closed, one running at +25 pip by time of screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ m15 speed2.jpg Size: 268 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #172
  • Jul 19, 2016 1:44pm Jul 19, 2016 1:44pm
Quoting Bernhard
{quote} Welcome Wiggles ! Yes markets been quite. It is clearly to see on H4 with CStrength28. Still you can find movements in lower TFs. The Speed indicator does not show you same way as CS. You look for initial trigger of acceleration/speed. Imagine you are in your Mercedes how many Seconds it takes to accelerate from 0 to 100 ? And then ?? No more acceleration needed, you just drive, all right? So look for the extrem picks of speed when it breaks out of the MFib 23 range and then check CS and chart if there is a trade or not. Here GBPJPY m15...
Bernhard,

Great understood on the acceleration--Super tool! So I imagine you would check the CS and perhaps if there is any nearby support and resistance?

Cool! So it looks like on the M15, 3 GBPJPY trades, all O Gaps within 23-50 MktFib, on London Open(?), US Open, and London Close? Speed hitting .0067 on the M15?
  • #173
  • Jul 20, 2016 7:25am Jul 20, 2016 7:25am
hi
oh nice to see new peoples so we can share some trading and idea well down all
  • #174
  • Jul 20, 2016 9:36am Jul 20, 2016 9:36am
Quoting ellenbrook
hi oh nice to see new peoples so we can share some trading and idea well down all
Hello Ellenbrook! Yes agreed.

Caught GBPJPY Asian sell for +50P---Opened a buy before Frankfort. Time for sleep and closed the trade at +8. Bad news is I missed the rest of the 170 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 60 KB
  • #175
  • Jul 20, 2016 1:30pm Jul 20, 2016 1:30pm
Quoting ellenbrook
hi oh nice to see new peoples so we can share some trading and idea well down all
Yes we got many new people. I think everyone has bagged extra pips and improved their entry points because I have received many positive emails. Still many are quite and do not post. I like to encourage to doing so.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #176
  • Jul 20, 2016 5:26pm Jul 20, 2016 5:26pm
Quoting Wigglesworth
{quote} Hello Ellenbrook! Yes agreed. Caught GBPJPY Asian sell for +50P---Opened a buy before Frankfort. Time for sleep and closed the trade at +8. Bad news is I missed the rest of the 170 pips! {image}
  • #177
  • Jul 21, 2016 2:29am Jul 21, 2016 2:29am
Quoting Lightheart
Thanks for posting your results Wiggles! Rarely done in the FX chatroom arena. Posting makes for much greater credibility. Here is the equity curve for a $10K account I began March 19. I target a 1% account per week and have been slightly exceeding that since March 19. I believe if I keep my current rules in place and simply double my trade size as a percent of my account I can hit 100% account growth per year. I am currently using 0.5% risk to account per trade, and sometimes a good bit less if I am experimenting with a strategy change. I agree...
Good money management, very important

Many pages of text can be written about it. To make it simple (but not simpler) for those who are learning with us. 1% to 0.5% risk per trade means:
First determine the pips of your SL (not the other way around!) and then calculate the position size. It also matters what pair it is.

To size a position, you need to know:

  1. How much money you have to trade
  2. What percentage of your money you are willing to risk
  3. What is the distance between the entry price and the stop loss for every trade
  4. What is the pip value per standard lot of the currency pair traded

Imagine that you have an account with 10,000 US Dollar and you are ready to lose 2% in a bad trade. You are considering a position on the USD/JPY and the stop loss for that trade is set at a distance of 50 pips. The current pip value per standard lot is, let's say, 9,85 US Dollars. You are now ready to calculate your position's size by using the formula:
Position size = ((account value x risk per trade) / pips risked)/ pip value per standard lot

((10,000 US Dollars X 2%) / 50) / 9.85 = (200 USD / 50 pips) / 9,85 =
4 USD / 9,85 USD = 0.40 standard lots (4 mini lots or 40.000 currency units)

In case you are going to open several positions, the same equation would be used to limit the overall risk in all the open positions. The only difference is that a maximum number of open positions has to be set beforehand and a partial risk attributed to each one of the positions.

The pip value:

Let suppose your account is in USD:

If USD is quote currency of the currency pair. 1 standard Lot (100,000 base units) that the quote currency is the USD such as EUR/USD. The Pip Value is calculated:
100,000*0.0001 (4th decimal pip)=$10

If USD is base currency of the currency pair. 1 standard Lot (100,000 base units) and the base currency is the USD such as USD/JPY. The Pip Value is:
The USD/JPY is traded at 107.107 means that $1=107.10 JPY 100,000*0.01 (the 2nd decimal) /107.107=$9.33. pip value
This is approximated because the rate changes, so does the value of pip.

If the USD is not traded in the pair. 1 standard Lot (100,000 base units) on GBP/JPY.
If GBP/JPY is traded at 141.850.
The Pip Value => 100,000*0.01JPY*1GBP/141.850JPY = 7.05 GBP
Because the base currency of the account is the USD then we need to take into account the GBP/USD rate which is currently at 1.32543.
7.05 GBP/(1 GBP/1.32543 USD)= $9.34 pip value

Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #178
  • Jul 21, 2016 5:40am Jul 21, 2016 5:40am
Regarding establishing your position size, I have found the Virtual Trading Console found here . . . .

http://www.az-invest.eu/visual-tradi...for-metatrader

. . . to be an outstanding tool to quickly calculate your position size, set multiple stop strategies, multiple take profit strategies and more. Its creator provides excellent product support. The tool is elegantly designed and costs only US$75. It functions only on MT4 platforms.

Lightheart
  • #179
  • Jul 21, 2016 5:51am Jul 21, 2016 5:51am
wow we been lucky at the announcement thanks to BERNARD correlator 140 p demo on gbp/jpy


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 73 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 121 KB
  • #180
  • Jul 21, 2016 6:22am Jul 21, 2016 6:22am
NZDJPY 2x 35 pip

TP has hit quick could have run much further
Attached Image (click to enlarge)
Click to Enlarge Name: NJ 15speed.jpg Size: 201 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
2 traders viewing now