28PAIRS Currency Strength Trading SYSTEM. TRADES and Questions | Page 45 | 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

  • #881
  • Nov 15, 2016 6:56am Nov 15, 2016 6:56am
Thanks Bernhard, that makes sense.
  • #882
  • Nov 15, 2016 1:07pm Nov 15, 2016 1:07pm
Just as a note for those who like install mt4 on an other partition or external drive. It can free a lot of space from C.
Copy mt4 program folder to any drive or partition on a new folder like D:\FX\account01\
Make a shortcut to desktop from terminal.exe (right click)
Open property of shortcut (Deutsch Eigenschaften) (right click)
add " /portable" to destination (Deutsch Ziel) (add with a space)
like D:\FX\account01\terminal.exe /portable
Run it.
Then copy your old folders (should be under user roaming...) into the new one. Done, now you can delete the folders on drive C.
All future history and tester files will be safed on the new drive.
You might just copy and keep the old one until you are sure everything works good.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #883
  • Nov 15, 2016 3:47pm Nov 15, 2016 3:47pm
CADJPY up 100+pips, now waiting on it to start its retrace
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 525 KB
  • #884
  • Nov 16, 2016 1:29am Nov 16, 2016 1:29am
I've been sidelined for a while but happy to see the continued progress. Good trade above just want to chip in that real retrace is better caught with 1hr tf . Can you show that.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #885
  • Nov 16, 2016 6:18pm Nov 16, 2016 6:18pm
50+ pips on the NZDUSD on 15 min
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 365 KB
  • #886
  • Nov 17, 2016 12:16am Nov 17, 2016 12:16am
Hello,

I have been really successful with the use of Bernhard his indicator, thank you!

This is an example of one of my running trades, the entry was a bit late, but it is running great.

This trade is set on the D1:

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-17_07-10-52.png Size: 343 KB
  • #887
  • Nov 17, 2016 1:16am Nov 17, 2016 1:16am
It is nice to see all these trades which have been profitable.

However there are often more to learn from trades, that did not go as expected.

Is there anyone, who is willing to share his failures, so that we can learn from them, and not do the same ourselves.

We all make mistakes, but there is no reason to repeat them.

It would also give Bernhard the opportunity to modify the indicators, if there are difficulties in using them.
  • #888
  • Nov 17, 2016 2:21am Nov 17, 2016 2:21am
Quoting plutifax
It is nice to see all these trades which have been profitable. However there are often more to learn from trades, that did not go as expected. Is there anyone, who is willing to share his failures, so that we can learn from them, and not do the same ourselves. We all make mistakes, but there is no reason to repeat them. It would also give Bernhard the opportunity to modify the indicators, if there are difficulties in using them.
I completly agree, it is no shame to show where market turned against us even though the strength was positioned correctly.
  • #889
  • Nov 17, 2016 4:26am Nov 17, 2016 4:26am
Hello Bernhard and guys! Where from can I download this 28 pairs currency strenght indicator?
Thanks and regards!
  • #890
  • Nov 17, 2016 4:34am Nov 17, 2016 4:34am
Quoting pipshaman
Hello Bernhard and guys! Where from can I download this 28 pairs currency strenght indicator? Thanks and regards!


Hello Pipshaman,

You should send Bernhard a mail to his gmail account. I think you can find this adres in his profile.
  • #891
  • Nov 17, 2016 7:53am Nov 17, 2016 7:53am
Quoting mkb1272
{quote} Hello Pipshaman, You should send Bernhard a mail to his gmail account. I think you can find this adres in his profile.
Yes that too, and always read post 1.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #892
  • Nov 17, 2016 3:55pm Nov 17, 2016 3:55pm
USDCAD BUY = 90+ Pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 276 KB
  • #893
  • Nov 17, 2016 7:58pm Nov 17, 2016 7:58pm
Quoting 4xtrader2003
USDCAD BUY = 90+ Pips {image}
I take from your examples that you don't use the speed indicator? Nice job of trading and thanks for sharing your strategy.
  • #894
  • Nov 17, 2016 11:28pm Nov 17, 2016 11:28pm
Quoting plutifax
It is nice to see all these trades which have been profitable. However there are often more to learn from trades, that did not go as expected. Is there anyone, who is willing to share his failures, so that we can learn from them, and not do the same ourselves. We all make mistakes, but there is no reason to repeat them. It would also give Bernhard the opportunity to modify the indicators, if there are difficulties in using them.

Hello Plutifax,

Well, I had a very good week, but there were also trades I closed with a small loss. I closed these trades because they were no high probability trades anymore.
I can not say it is a failure or mistake when I entered them, the conditions changed, so the chance my take profit would be hit, was in this situation unlikely.
Next week I will post some of my trades when I see a setup, with a brief description why I entered.
Hope this will be of any help.

-Menko
  • #895
  • Nov 18, 2016 7:22am Nov 18, 2016 7:22am
Thank you Menko.

I am interested in the criteria, that others use for cutting a trade that is not performing as expected.

How much has it to go against you, and how do these indicators help you in the decision process?

Do you use a preset stop loss, or do you decide according to the change of the strength curve?
  • #896
  • Nov 18, 2016 7:29am Nov 18, 2016 7:29am
GBPAUD 85 PIPS
It topped out with consolidation and bearish divergence and a small fake break out.
Entry when AUD took up to build the dGAP with GBP.
SL above last high
TP at last low.
In the following CS crossed very strong, could have taken the double pips.
Attached Image (click to enlarge)
Click to Enlarge Name: CS_divergence.png Size: 71 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #897
  • Nov 19, 2016 4:02am Nov 19, 2016 4:02am
Quoting plutifax
Thank you Menko. I am interested in the criteria, that others use for cutting a trade that is not performing as expected. How much has it to go against you, and how do these indicators help you in the decision process? Do you use a preset stop loss, or do you decide according to the change of the strength curve?
You have asked Menko so maybe he will find a time to answer you. But he is trader and does not spend much time with forums. We can accept that.

I have provided many different solutions to how to use stop loss. You should take your time and read the strategy thread. Also I have presented exit rules how you can cut a trade earlier.
In general I do not use fix pips but strategic levels like last high and lows. Also you can trail your SL - not with fix pips - but with lower highs and higher lows. I hope you know for what I speak otherwise read basics for trading first.
After some time your trade is going in the right direction and you trailed your SL into positive you can switch to a higher TF and manage it from the higher TF to stay longer in the trade.
Remember cut your losses short and let your winners run is truly a better strategy as most beginners do the opposite. Beginners often hold into losers with “hope” (A trader does not hope!) and beginner often take early pips, which is the opposite from above mentioned rule. You see this is more a question of psychology and not a question of strategy.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #898
  • Nov 20, 2016 12:42am Nov 20, 2016 12:42am
Hi Bernhard,

Of course I do not want to put any pressure on Menko. He has gratuitously offered to share his trades in the next week, and I hope to learn form that.

I have read the strategy thread, and i am also familiar with the different ways of setting SL and TP.
I tend to use at trailing ATR based stop, which lets me stay in until the direction changes significantly, but your indicator give other opportunities to detect changes in direction.


My interest is not so much to how but more to why.

As an example I would be interested in learning why you closed the GBPAUD trade.
As I understand it, the indicator did not give an exit signal.

I try to learn from people, who have more experience than myself, because rules and their application are two different things.

Therefore I am grateful for any explanation given by other traders.
  • #899
  • Nov 20, 2016 3:22am Nov 20, 2016 3:22am
Quoting plutifax
As an example I would be interested in learning why you closed the GBPAUD trade. As I understand it, the indicator did not give an exit signal.
I did not close GBPAUD trade. It hit TP.

Quoting Bernhard
GBPAUD 85 PIPS It topped out with consolidation and bearish divergence and a small fake break out. Entry when AUD took up to build the dGAP with GBP. SL above last high TP at last low. In the following CS crossed very strong, could have taken the double pips. {image}
Just read than you would know

Attached Image


You can't be on computer all the time.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #900
  • Nov 20, 2016 3:32am Nov 20, 2016 3:32am
Thx Bernhard,
Now I understand
8 traders viewing now