Jerry's MA/CCI combined strategy | Forex Factory

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Jerry's MA/CCI combined strategy

  • #1
  • First Post: May 11, 2013 8:30am May 11, 2013 8:30am
Hi everyone

OK I have decided to "put it all together" in one combined strategy which will include indi's, templates and EA's to semi-automate our trading. I say "semi-automate" because the EA's need to be set up ONLY when trading conditions are optimal.

Why automate? Well because the EA's make things a lot less stressful and being robots they are fearless and automatically set SL, TP and trailing stop. By setting them to take trades when trading conditions are optimal, they can net hundreds of pips without us having to do anything apart from watch our account balance grow!

Why I have started a new thread is because I now have a "two edged sword" strategy using just two templates. Mainly centered around the 15 min chart. Why? well you'll see that by accurately "reading" the intra -day trend situation using the 15 min chart using our unique indi's as well as backing up the synopsis by checking the daily chart, we can quite accurately set up our 2 EA's to take profitable trades.

Of course no strategy is foolproof with forex trading especially during news releases/highly volatile periods so during those times we don't trade as the EA's would be useless!
  • #2
  • Edited 5:00pm May 11, 2013 8:39am | Edited 5:00pm
Does it work??

Well anyone who has been following my "Magic Breakout" thread has probably noticed a lot of pips showing up on my trade explorer. Unfortunately when I start messing around and gambling on price action trading I soon empty the account. What does that teach us? Well, obviously, there is ONLY one way to trade!

I am posting my statement on a demo account I opened last Thursday. If one just looks at the trades opened by the CCI expert Advisor (those trades with 0.02 lots and showing a SL and TP) you will see that the account would now be 55% up on the opening balance of $100. That's $55 profit on $100 opening balance in just 2 days!!
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  • #3
  • May 11, 2013 2:04pm May 11, 2013 2:04pm
OK so let's look at the strategy.

Guys, because we are Intraday trading, what I'm trying to do is ISOLATE the most OPTIMAL TRADING CONDITIONS which will allow us to set up our EA's in order to catch a few pips. As always, what we want to do is go for quantity not quality - i.e. we are not looking to highly leverage in order to build our trading account balance. Rather, low leverage to preserve our account balance and a lot of pips!

So how do we isolate the best trading conditions? Well first of all we want to concentrate on trading the right trading pairs that generally OBEY OUR RULES. We do not bend our rules and chase trades - always we wait for conditions to be optimal to enter a trade. The trading pairs that conform the best are: XAUUSD,GBPUSD,GBPAUD,EURUSD,GBPJPY,USDJPY and possibly GBPNZD.

So firstly you need TWO MT4 platforms open. Firstly one showing our six pairs which if tiled on your screen will look like the one below:
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  • #4
  • May 12, 2013 6:25am May 12, 2013 6:25am
Hi everyone

Sorry, I need to do more testing of the strategy this coming week. Easy to look back on the chart histories but really do need to spend more time doing live set-ups.

The reason for this is that I am looking at trading this full time. One cannot trade this kind of system part time because it's intra-day.


I am posting my additional template. More info on the whole twin-template strategy will be posted end of next week.


If you want more info now just email me.
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  • #5
  • May 12, 2013 10:09am May 12, 2013 10:09am
Hi everyone

Just a few words about this new strategy.

I firmly believe that our new strategy is going to be a "game changer" - a way to trading forex profitably intra-day (which is the way most small RT's want to trade forex).

Let's just try to analyze the way most RT's trade the forex market. They are looking for a set-up - dependent usually on how they perceive the trend. And that friends, is where the problem lies! 99% of the time the way that rt's perceive the trend is wrong - which is why they end up losing - consistently!

So really, what we have to do is find a way to enter a trade when conditions are absolutely optimal. When is that? That is when the price is rising in an uptrend or falling in a downtrend! Why is that important? Well because price can fall significantly in an uptrend (sometimes 50 pips or more) or rise significantly in a downtrend. And that is what catches the small trader out, time and time again.

So obviously, we need to enter a trade at the absolute right time.

I am going to expose a harsh truth! 95% of RT's spend their time looking for reasons to enter a trade which causes them to be unsuccessful! The other 5% (who are the successful ones) of RT's look for reasons NOT to enter a trade!! When they cannot find any reasons for NOT entering the trade they then place their trade which of course has a extremely high probability of ending up a winner. So what I am saying guys, is if want to be successful we HAVE to filter out bad trades . Then our probability of success is going to rise significantly. And this is what our strategy is all about.

More about the strategy in the coming days and weeks.


ALL COMMENTS WELCOME!!
  • #6
  • May 13, 2013 7:01am May 13, 2013 7:01am
Hi everyone

RE: My last post

EURUSD is recovering but what is it doing? Price is rising but EU is in a downtrend. Dangerous trade!
  • #7
  • May 13, 2013 7:16am May 13, 2013 7:16am
Good trades:

GJ - up
UJ - up
GA - up
  • #8
  • Edited 2:42pm May 14, 2013 2:25pm | Edited 2:42pm
Have you traded live account with this new system, and did it work? Any Myfxbook or TradeExplorer to share the link so we can follow your trades closely and learn?

Quoting jmtini
I am going to expose a harsh truth! 95% of RT's spend their time looking for reasons to enter a trade which causes them to be unsuccessful! The other 5% (who are the successful ones) of RT's look for reasons NOT to enter a trade!!
Where did you get the statistics about the 95% and 5%? Can you refer us to the link to this data? I'm interested to know where this pool of "traders" come from, whether they are futures/commodities or stock/options or forex/derivatives traders. And also how the 95% number was calculated, did they do a survey to find out how they spend their time? Or how they determine those 5% were actually "successful". This harsh truth as you said will be interesting data to analyze, if you could refer me to your source of the statistics.

Thanks in advance!

Quoting jmtini
{quote} Hi everyone Well I'm not a bad prophet am I?? Told everyone to long the GBP! Well 270 pips today, 450% up on the explorer - in a week !!
Amazing results! Where can I find this TradeExplorer that has the 450% gain? Is it Demo account or Live account?
No longer trading forex. Looking for full time job.
  • #9
  • May 14, 2013 4:14pm May 14, 2013 4:14pm
Quoting mmaker
Have you traded live account with this new system, and did it work? Any Myfxbook or TradeExplorer to share the link so we can follow your trades closely and learn? {quote} Where did you get the statistics about the 95% and 5%? Can you refer us to the link to this data? I'm interested to know where this pool of "traders" come from, whether they are futures/commodities or stock/options or forex/derivatives traders. And also how the 95% number was calculated, did they do a survey to find out how they spend their time? Or how they determine those...


Hi mmaker

1/ I'm not revealing my source - work it out for yourself

2/ It was a Demo account - unfortunately I started "gambling" on it and that was that.
  • #10
  • May 14, 2013 4:20pm May 14, 2013 4:20pm
Hi everyone

Just thought that I would share my results over the last couple of days. $72 up on a $150 start yesterday morning. I've been good - no gambling!

Today was especially good. I have circled points on the GBPUSD chart where our EA's opened profitable trades.


The system works but I have decided that if people want to join in the fun they HAVE to trade the system and post their set -ups and trades here so that all can learn. Let's try to win together!!
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  • #11
  • May 14, 2013 9:58pm May 14, 2013 9:58pm
Quoting jmtini
Hi everyone Just thought that I would share my results over the last couple of days. $72 up on a $150 start yesterday morning. I've been good - no gambling! Today was especially good. I have circled points on the GBPUSD chart where our EA's opened profitable trades. The system works but I have decided that if people want to join in the fun they HAVE to trade the system and post their set -ups and trades here so that all can learn. Let's try to win together!! {image}
In your opinion, at which point do we move away from Demo to really start trading Live accounts? Your results are amazing, why not go right into Live with real money on the line? Even $500 tiny account is possible to start trading this new system.
No longer trading forex. Looking for full time job.
  • #12
  • May 15, 2013 7:23am May 15, 2013 7:23am
Quoting mmaker
{quote} In your opinion, at which point do we move away from Demo to really start trading Live accounts? Your results are amazing, why not go right into Live with real money on the line? Even $500 tiny account is possible to start trading this new system.

Hi mmaker

Please see post 4


Will not be putting a live account on the trade explorer but waiting for FF to change their settings for the new IC markets server so that I can put up the one started last Monday (the one we're testing this system on)
  • #13
  • May 15, 2013 7:28am May 15, 2013 7:28am
Hi everyone


PLEASE NOTE THAT I AM MOVING BACK TO MY "MBO" THREAD




http://www.forexfactory.com/showthread.php?t=399410


The reason is that the strategy hasn't changed from the one that we've been using over there EXCEPT FOR THE NEW "TRADING CONDITIONS" RULES which I will elaborate on over the weekend that is coming


Also the "bounce off MA" trading as illustrated above will get more clearer
  • #14
  • Nov 15, 2018 5:59am Nov 15, 2018 5:59am
Here's one good example from yesterday - a signal going down AND coming up again. Amazing but shows up constantly if one knows what to look for. The nice thing is that divergence provides reassurance when PA might be telling one something different!
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  • #15
  • Last Post: Nov 19, 2018 5:57am Nov 19, 2018 5:57am
recompile
Attached File(s)
File Type: ex4 CCI - Nrp - Mtf Advanced Alerts.ex4   64 KB | 387 downloads
File Type: mq4 CCI - Nrp - Mtf Advanced Alerts.mq4   15 KB | 437 downloads
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