Trading system using relative strength
I've been testing a simple system that focuses almost exclusively on price action, and the results are pretty good. Here's how it's done:
1. Open any chart with 4 hour bars
2. Add CCfp indicator.
3. Find the difference for each currency on the data menu of the last two 4-hour bars.
4 Positions will be opened 5-10 minutes after the new bar opens
The account has grown quite nicely so far over the past month with almost no losses.
It is very simple, so it must be easy to create an EA or indicator for this system.
I will put charts and indicators here soon.
thanks chris
1. Open any chart with 4 hour bars
2. Add CCfp indicator.
3. Find the difference for each currency on the data menu of the last two 4-hour bars.
4 Positions will be opened 5-10 minutes after the new bar opens
The account has grown quite nicely so far over the past month with almost no losses.
It is very simple, so it must be easy to create an EA or indicator for this system.
I will put charts and indicators here soon.
thanks chris
























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