Trading system using relative strength

Also the CCPF indis r differnent in their results:

Retina i am always in love with your simplicity and coding. This is a good indicator but lacking alert for currency pair. Dont know whether you can incorporate it.

It is simply for power coders for me too make it fast like vettel....removed also every alerts and diff calculations for speeding up the call with ICUSTOM...but if any coders here has interest...here:

But dont be said.....

The Masterpiece will follow....sure like the sun after the rain!

LOL you are funny.

Hi,
Does anyone still trades this?

Me!

Hello

I've been reading a lot about the Cluster Indicators and Currency Strength and I really loved the CCFp concept. The problem is I'm lost as to how am I supposed to use it because it seems like no matter what setup to enter / exit I choose I end up going opposite to the trend most of the time so I really need help from those who used CCFp before and are familiar with how to use.

I'm also a beginner Nooby Coder and have done some EAs before based on other strategies and wanting to do one on this CCFp strategy if I would understand how it works. And if I did I'll be happy to share it here, although I understand there are a couple already out there based on CCFp but since I don't understand how the system works yet I don't want to just use the EA blindly

Method A ) Some mentioned that you trade based on Slopes, check example :

http://i64.tinypic.com/rro3v5.png



So based on USD Slope Falling I understand it means that its losing strength, but how to take a trade according to that ?

1) Based on 1st Example Shall I Enter against USD on all currencies ? Example : Sell USD/CAD and Buy AUD/USD ?

2) Based on 2nd Example Shall I Enter against USD only with the currencies above it ( EUR - GBP - AUD - JPY ) or only below it ( NZD - CAD - CHF ) ?

3) Based on the USD - JPY Crossed they both moved opposite to each others and they both were moving with a good Slope, So Shall I have entered a Sell order ?

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Method B ) Some mentioned that you just check with currency is the strongest ( i.e Highest ) and compare it with Weakest ( i.e Lowest ) if I want the safe approach or against all currencies below 0 if I want to be more aggressive

http://i64.tinypic.com/rro3v5.jpg



1) Since CAD is highest Shall I trade all against it and go in direction of CAD ?

2) Since CAD is highest Shall I trade it only against those below 0 ? EUR - NZD - CHF - JPY

3) Shall I only trade highest against lowest (i.e) CAD/CHF or should it be CAD / JPY ? Notice that JPY is below -0.002 ( I forgot to mark it in image )

4) Shall I consider highest to be GBP ( Above 0.002 ) and not CAD and also lowest to be JPY ( Below -0.002 ) and not NZD or CHF ?

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Method 3 : Consider Oversold / Overbought zones

http://i67.tinypic.com/5dwkdg.png



Since GBP is dropping from 0.002 and currently above all currencies . Should I Trade it against All currencies ? Or only the ones above 0 ? Or only the ones below 0 ?

Also My understanding in that case is that we go in the direction against GBP since it's going Down and losing strength but can someone confirm ?

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Method 4 : Take Signals from lower TF ( i.e 5M ) and confirm with higher ones

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That's all I know about how to deal with CCFp and as I said most of the time I end up taking losing positions. If any or all of the setups I explained are correct then can you please point out what am I doing wrong to avoid it in the next trades ?

Also if you have another setup that worked for you it would be very nice of you to share it

Hello all, I am new posting to this thread, I have recently started using a different type of cluser indicator in my trading and wanted to learn more about them leading me here.

Reteid, I don't know that the indicator is broken, I suspects that when you only select two currencies it renders the crosses to zero and the changes symmetrically around the zero line. When you compare the CC with just two pairs against the CCFP that you simplified and turn the colors off for all the other currencies, where the currencies cross line up and the overall shape is similar. I suspect its just another way of representing the data but it keeps it completely Relative to the two pairs.

I know but I think the idea is only to view the 2 currencies...the strength of both to each other is trivial: U see it on the chart....by the way...I correct it for myself...... and coded this ES_Trader strat.....
On the first sight...sl 50 and tp 15 works with high win rates!

That s my settings to the strategy....any1 other ideas?

Dear Reteid2222,

Maybe it is irelevant to the thread subject but, is it possible to add 1) A ShowOnly the Currencies On Chart" raw and 2) Alerts if any of the currencies cross the levels: 20, 35, 50, 65 and 80, to the indicator above, please?

I will be very happy if you make these additions.


Thanks in advance.

Erkan.

Sorry, too many requests in the moment!

OK Thank you for answering.

How do U trade this indi?

I observe tehe levels 20,35,50,65 and 80. When one of the currencies on the chart crosses one of the levels and the disffference between the currencies goes along with the signali I iook at my other indicators in order to confirm the signal. If the two currencies cross one level at the same time at the opposit direction i.e. one 35 up and the other 80 down) it is a strong signal(espacially one cross 50 up and the other down).

When one of the currencies on the chart crosses one of the levels and the disffference between the currencies goes along with the signali
- means the difference gets bigger
I iook at my other indicators
- Which and what settings?
in order to confirm the signal.
If the two currencies cross one level at the same time at the opposit direction i.e. one 35 up and the other 80 down) it is a strong signal(espacially one cross 50 up and the other down
- OK this is a double gap for RSI=your indi
Thx 1st!

I use Stochastics, Genesis Matrix, ASCTrend and Awesome Oscilator indicators with default settings.