Forex Factory (https://www.forexfactory.com/)
-   Trading Systems (https://www.forexfactory.com/forum/71-trading-systems)
-   -   Simplicity is the ultimate form of sophistication ( Elite ) (https://www.forexfactory.com/thread/77850-simplicity-is-the-ultimate-form-of-sophistication)

Mantorp Mar 27, 2008 10:38pm | Post# 21

SMA 34?
 
Do you have this as a Simple Moving Average or a Smoothed Moving Average?

Waterflame Mar 27, 2008 10:41pm | Post# 22

Thanks for sharing your system WaterFlame. I'm testing on a 5 min chart with some different settings. I do like your 15 min setup as well
you are welcome man, but beware of the 5 min chart

FXStarShip Mar 27, 2008 10:42pm | Post# 23

1 Attachment(s)
Can't argue with this setup to much
Click to Enlarge

Name: display72.gif
Size: 28 KB

Waterflame Mar 27, 2008 10:43pm | Post# 24

Do you have this as a Simple Moving Average or a Smoothed Moving Average?

ManTorp, its a Simple Moving average, thank you for the advise, i wil write it in the first post by the Setup

FXStarShip Mar 27, 2008 10:47pm | Post# 25

Water:

how do you filter the weak signals or do you take them all if the criteria is met?

Waterflame Mar 27, 2008 10:48pm | Post# 26

Can't argue with this setup to much
I suggest to erase the Ergodic Sniper, and try out the system how its described, read the rules ad keep it simple

FXStarShip Mar 27, 2008 10:53pm | Post# 27

I really use the Ergo for an alert system as much anything- a heads up. I need to be alerted when A signal presents itself. I wish we could program the CCI to alert differently.
I must say that the 15 chart as you have presented will do the trick. How many signals to you get weekly from your 4 pairs?

Waterflame Mar 27, 2008 10:53pm | Post# 28

a current little pipscalp, i was into it about 3 pips too late, my fault, discipline is all, but im still in profit

This trade will be an advanced trade like described in the rules, with a 100% exit, price reversal exit, or zero line CCI Stop loss

( For Advise to never get into a trade late and without current confirming price action entry )

http://www.abload.de/img/pipscalp0c9.gif

carrera87 Mar 27, 2008 11:02pm | Post# 29

i only use 4 pairs

eur/usd is very smooth in trading, have low spread, but less profit

eur/chf consolidate too much, but have nice break outs and good profit

usd/jpy has low spread, most time volatile, and very nice profit

gbp/jpy is maybe a bit dangerous with the spread, but very active and

gives best profit
Ok thanks btw i use the standard cci indicator with 34 setting is that ok ?

FXStarShip Mar 27, 2008 11:02pm | Post# 30

1 Attachment(s)
Beautiful entry the GBP
Click to Enlarge

Name: display73.gif
Size: 27 KB

Waterflame Mar 27, 2008 11:05pm | Post# 31

Ok thanks btw i use the standard cci indicator with 34 setting is that ok ?
yes, carrera, woodie is just fine with the colors to see again the trend direction, you can use the normal CCI too if you feelconfortable with it

FXStarShip Mar 27, 2008 11:06pm | Post# 32

Anyway- Nice Work WaterFlame. I've very excited to start trading your system. I'll report later with some real results. Bless you for sharing

Cheers~

Waterflame Mar 27, 2008 11:06pm | Post# 33

Beautiful entry the GBP
yes , very beauty

Waterflame Mar 27, 2008 11:07pm | Post# 34

Anyway- Nice Work WaterFlame. I've very excited to start trading your system. I'll report later with some real results. Bless you for sharing

Cheers~
you are welcome FxStar, my pleasure, and good trading

FXStarShip Mar 27, 2008 11:08pm | Post# 35

1 Attachment(s)
Plug this into charts- you might like it
FX_Sniper's_Ergodic_CCI_Trigger.mq4

Waterflame Mar 27, 2008 11:13pm | Post# 36

Plug this into charts- you might like it
i have traded almost all systems here in FF or other Forums, maybe hundreds of indicators, i will not complicate anything with additional indicators, they will tell anyway the same thing, but CCI is clear proper in entry and exit signals, and the 34 variable Fibonacci number is far enough to have good profit ( at least 10 pips ) with low false sloppy entries , and near enough to have a good stop loss condition

FXStarShip Mar 27, 2008 11:14pm | Post# 37

Good point~I do appreciate simplicity!

Waterflame Mar 27, 2008 11:16pm | Post# 38

Good point~I do appreciate simplicity!
Well Star, thank you for the conversation

kenneith Mar 27, 2008 11:27pm | Post# 39

thanks for the simple system. just one question regarding entry and exit: ma crossover and cci cross to zero line should be at the same time? thanks in advance
Well Star, thank you for the conversation, i need a bunch of sleep, tomorrow than n8

Waterflame Mar 27, 2008 11:43pm | Post# 40

Water:

how do you filter the weak signals or do you take them all if the criteria is met?
Star, the only advice i will give you, and i have learned with time, is to identify the psychological mood of a market

there are 3 criterias

- Healthy ( good trading )

- Sick ( too volatile and extreme aggresive with spikes ) ranging

- Lazy ( slow )

when you learn to see this on your chart, than you can pick out the good markets, even if they become from health to sick or to lazy, you can trade 2 trades with a stop loss, than change your pair and reasearch again about a health market.


Healthy market

http://www.abload.de/img/healthyd7u.gif


Sick market

http://www.abload.de/img/badexampleicm.gif


Lazy market

http://www.abload.de/img/lazy4ji.gif


© Forex Factory