CICR system (Currency index cross referencing)

Gentlemen,

... Just need a quick verification.
I've downloaded the SigTrader platform via LiteForex.org. However even though all the indexes are on the platform I'm not able to open any charts in SigTrader.

So just to verify:
Are You using MT4 and just using a broker (like LiteForex or Trading-Point) that have these indexes?

Just right click on any of the lfx indexes and open chart. That should do it.

Hi traders,

There has been some confusion with regards to the system, specially with the EMA.

Ok first of all, this system looks very confusing at the first instance is because tracking 8 currency index opens up 56 pairs.

Now i am always keen on picking on tops and bottoms which good is some ways and some ways bad.

Why good.
1) It allows you to put your stop above the higest high which gives an advantage of holding the trade for longer.
2) When the trade eventually matures and starts trending you are already in the trade.

Why bad.
1) If the top you picked is incorrect and its moves against you SR levels then you get taken out hence I give importance to D1,W1,MN
2) Till the time you trade doesnt mature your emotions tend to play on your mind and you end up closing trades. The filter line is used to filter a fake out.

Now the confusion regarding EMA. Please feel free to use the Filter line i have provided in the earlier post.
I will upload some images with proper detailing.

That looks like multiterminal account.

I tried that, but it didn't work.
Found out why though. Somehow I downloaded a SigTrader multiterminal which doesn't have a charting function.
Downloaded a MT4 terminal from same broker, and got the index-charts running now.

Thanks...

For those interested I found the index formula on TradeToWin.

Ok lets take very simple chart and see what would have happened if we had taken 5 microlots on every pair when this took place.
Watch the gbplfx chart.

Hope this makes its easy, no arrows nothing lets just watch price action.

Here watch the gbp lfx chart.
Now on 23rd sept gbplfx was on a uptrend nice break out with daily, weekly, montly in same direction.

So now the gbplfx was trading above the filter line very clean move.

So now lets see every gbp chart.

First the GBPAUD.

You had a position on eurgbpshort

and had you gone long on gbpusd, it got you into a decent profit.

Now all this was patience.

When one index starts trending it will give you trade on some pair you need to see which one.

Of course a EA would solve the purpose but the EA has to be built.

Now notice, you missed the GBPAUD breakout, why did that happen

That is because

Yet again the audlfx, d1,w1,mn was in the same direction on 21st and it gave a trade on gbpaud.

Hope he does NOT spoil my trades

Anyway lets see what he has to say in a few mins.

Capito,
Where do you have your SL on GbpCad?

So it would've been ok to take the trade on the 23rd Sep on GBPUSD even though it didnt break up through the filter line or 14EMA ?

hi capito... thanks a lot for sharing yr method.. I like basket trading and I believe this system has huge potential.. just made ~250 pips by purely following the rs3 cross rules..no alert no nothing.. I used 2 EA to manage my trades though...

have a nice day,,,thanks again

Yes, GBPCAD seems to have gone the wrong way, passed 100pips from entry...

and EURCAD

Hello Capito,

Thank you for your system. Will try it out.

Sincerely,
chonghm

Hi Capito,

Thanks for sharing this system. Intend to follow this thread. Attached is a profile of the index that might be useful to some here.


There has been some additions to the indicators since the thread started. Appreciate a template which might include all indicators being used now.

Thanks

TF

After getting an alert on the NZDLFX I checked the different NZD pairs. I can only trade 2 at FXDD and NZDUSD looked like the stronger trade. So I went with that trade. We'll see how it goes.

Thank you, capito.
I think it's an useful thread. Hoping it'll be developed.

I started follownig this thread fro Day one as a guest.

One of the first time that I have registered at a forum to learn and contribute as much as I can.

I will be setting up a LIVE account to trade this and one of the other Basket trading system I am learning.

Happy pips!!

Hey Rahul,

High time you get social man, get out of your room full of multiple screens.

You guys might be wondering who is rahul.

Well he is by far the best and finest traders i have ever known. Very low profile and shy guy, I have been pushing him to get social on forums and start sharing. He is the one who introduced me to currencies, stocks commodities. I met him yesterday and he has been watching this thread. So i am sure he is gonna come up with something is great.

Anyway to answer all the questions. GBP is acting up so i got taken out on gbpcad during trichet blabber.

Ok now with regards to the template I will upload it shortly just tweaking certain things. Guys who are lazy like me and like to make money slowly well dont worry stick to the original method, use the filter line instead of 14 ema.

I will try to upload video when i am free. There are somethings i watch on the charts like distance between the rsi angle change and the filter line etc etc. which is very difficult for me to type out.

I have a template which looks like this.

So rahul if you are reading this... get on the forum mannnn, high time.

Thanks trade forex, wonder why i didnt do this. no doubt i am lazy

Thanks a ton.