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RSI & CCI system

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  • First Post: Edited at 12:56pm Jan 27, 2009 9:13am | Edited at 12:56pm
Bonjour à tous

Firstly, I am French so be indulgent with my basic English please.

I would like to share with you an efficient system based on the RSI and CCI indicators.
CCI is used by all of us as trend indicator and RSI as oscillator.
I got more than 400 pips in two days with it.
I used this system in TF 5mn with eur/usd, usd/chf, eur/yen and gbp/usd

RSI 8
CCI 14

Buy entry when candle closed and RSI is above 50 and CCI above 0

Sell entry when candle closed and RSI is below 50 and CCI below 0

Exit on RSI reverse signal, trailing stop or TP.

This system is not perfect so take care.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 17 KB
EUR/YEN in TF 5mn with a potential gain of 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur-yen.gif Size: 12 KB
Interesting. Thanks for the post.
Arb-Trader
I do not use it but EUR/GBP seems very good
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp.gif Size: 13 KB
Quoting Thierry89
I do not use it but EUR/GBP seems very good
Just a tip, if you put on 55 and 45 lines on the RSI, you have a pretty good enter signal for your trade.

D.
Quoting DirkH143
Just a tip, if you put on 55 and 45 lines on the RSI, you have a pretty good enter signal for your trade.

D.
Hi DirkH143,

And between 45 and 55, no entry ?

I opened a trade on GBP/USD 4:25 PM (Paris) 1.4091
Stoploss reported to breakeven and trailing stop running
Quoting Thierry89
Hi DirkH143,

And between 45 and 55, no entry ?

I opened a trade on GBP/USD 4:25 PM (Paris) 1.4091
Stoploss reported to breakeven and trailing stop running
Correct, Between 55 and 45 no trade. When it falls below 45 go short and above 55 go long. I hope it helps.

Any other questions, let me know.

D.
Will check it out.
Quoting paradoxical
Will check it out.
To much false signals !
Quoting eTrader
To much false signals !
Yes but small losses
Thierry89,

Did you trade this system today, how many pips did you get and on what pairs did you trade?
Quoting Thierry89
Yes but small losses
Firstly thanks for the system Thierry. Very simple and can be effective if well managed. I traded it only taking trades in the direction of the trend (determined by 200 EMA) and seemed to work well thus far.
i am very interesting in this simple, but effective method. I have made a simple template for this as attached. And i think two points are needed.

1). Must let the profit runs as much as it can.
2). Must have strong Stop Loss when fake signal appears.

Let's talk about this way.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_5M.JPG Size: 87 KB
Anthony Yang's Forex Account Management Service @Post 54F
Quoting Noel
Thierry89,

Did you trade this system today, how many pips did you get and on what pairs did you trade?
Hello Noel

Yes I did and I got more than 300 pips on eur/usd, eur/yen and gbp/usd but I used RSI with parameter above/below 50 and not 45/55
Excellent system Thierry
Thanks for sharing this system. I like it.

Quoting Thierry89
Hello Noel

Yes I did and I got more than 300 pips on eur/usd, eur/yen and gbp/usd but I used RSI with parameter above/below 50 and not 45/55

Hi, Thierry89, can you show me the trades you have done recently?
I focus on how many trades win & how many lose.what's the proportion?

Pls say something about this.
Anthony Yang's Forex Account Management Service @Post 54F
Quoting long_a17
Hi, Thierry89, can you show me the trades you have done recently?
I focus on how many trades win & how many lose.what's the proportion?

Pls say something about this.
This is my 3 last trade on GBP/USD

Buy and exit on trailing stop
Sell and exit on reverse signal (green)
Buy and exit on sell signal and end of day for me

The proportion is not high (55/60) but the losses size are not important in TF 5mn.

I research another filter in order to improve this system as EMA or trend channel for example.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 17 KB
I added an ADX candle and I will try with this additionnal indicator as from tomorrow but it seems good.

Change default Period/signal_Level 14/21 to 14/1

Green = uptrend
Red = Downtrend
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 14 KB
Attached File
File Type: ex4 ADX Candles.ex4   6 KB | 3,165 downloads
Quoting Thierry89
I added an ADX candle and I will try with this additionnal indicator as from tomorrow but it seems good.

Change default Period/signal_Level 14/21 to 14/1

Green = uptrend
Red = Downtrend
Thierry89,

Nice simple system.
Can you post the coloured RSI indicator you have on your chart.

Many thanks.
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