Count me in!! I think we can make this work in any market condition if we all work together. I like the MTF ideas and think they should be explored more. I also think that more money management techniques should be discussed. Once again thanks to ES ...

Trading System Using Relative Strength-Part 2

Do you think your indicator on a 15 min chart would give an accurate reading of strength for this timeframe? Or do you think maybe that 30 min. would be the minimum timeframe to use?

Trading system using relative strength

OH NO! You used the word "hope". All I've read and learned about trading is to never use that word! LOL

Trading system using relative strength

I think multi timeframe is the way to go...especially when the current volatility calms down. You must keep in mind that the readings on a small timeframe like 5 or 15 minute may not be accurate right away because I believe(according to ferrufx)that ...

Trading system using relative strength

I agree and I think all here realize this also...However, I still feel this will work when the markets get back to "normal"...Entries, exits and more careful money management will have to be more precise. I am also seeing on other forums claims of ...

Trading system using relative strength

Knowing this, what is the minimum timeframe you could get an accurate reading on with your latest version? Another member is experimenting using this on multiple timeframes and waiting for the signals to all line up.

Trading system using relative strength

I wonder if that's why it was suggested to wait about 15 minutes after the new 4hr bar started?

Trading system using relative strength

Excellent!! I wonder even if the indicator could be adjusted to look at different number of closed bars to determine buys/sells....example: looking at the last 3 60 min bars or the last 6 30 min bars..... just an idea....please forgive me, I know I ...

Trading system using relative strength

I think you may be on to something with the way you traded the different timeframe...maybe when volatility calms down the lower timeframes could be the way to go(tighter stops and smaller TP's though) Just a thought

Trading system using relative strength

I agree with you 100% on small lot live trades...even it is a small amount of money, it is still YOUR money you win or lose...the thinking is different.

Trading system using relative strength

Sunday bar at IBFX — Will the Sunday bar at IBFX alter our readings? It is not a total 4hr bar... Should I wait for the first 2 full completed 4 hr bars on Sunday/Monday before I start to select trades?

Trading system using relative strength

I think our differences are due to the fact that I don't have some of the pairs you listed available for me to trade

Trading system using relative strength

Analysis after Fridays close — I have Strong readings:USD,GBP,CHF,AUD,NZD I have weak readings:EUR,CAD,JPY I have written down all the possible combinations(that IBFX mini has) and have come up with 11(7 buys and 4 sells). Does anyone else ...

Trading system using relative strength

This method is very simple and easy to understand and implement. What I don't know how to do is close all positions if a certain negative balance is reached over the total account(example:maybe 3% of total account balance). I have an IBFX mini ...

Trading system using relative strength

Thanks for the contribution...Do I place this in the experts file or indicators file? Where would i attach it on a chart? On all charts that I have a position in? Is the 1000 pip value changeable? Thanks again

Trading system using relative strength

Do you believe the indicator in its current form gives a true view of a currencies strength? For example: the indicator shows EUR as getting stronger the last 2 closed 4hr bars...if the indicator only compares EUR to USD for its strength ...

Trading system using relative strength

So am I to understand that if the indicator shows EUR as weak(according to the last 2 completed 4 hr bars)that this means that EUR/USD is the only thing that determines that EUR is weak? So if the last 2 4hr bars of EUR/USD were downcloses ( or MA ...

Trading system using relative strength

When the indicator shows a currency getting stronger/weaker over the last 2 4hr bars, is there a minimum change we look for? For example:the last 2 completed 4hr bars on my IBFX chart showed the JPY getting noticeably stronger and the CAD getting ...

Trading system using relative strength

Thanks for sharing this great method!! Are you saying that the indicator that skyline has created is not working?

Trading system using relative strength

I'm wondering if he means the low of the reversal bar...But then again, I'm not really sure...the chart posted is not making any sense to me

4H 5EMA System