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Attachments: RSI & CCI system
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RSI & CCI system

Quoting Cognoscio
Bonjour Thierry, thank you for posting your entry method. Are you sure you really need both indicators? Either one of them seems redundant to me. I went through all of your charts and in almost every instance, RSI and CCI cross the 50-level on approximately the same candle. What does the one indicator add that the other one does not offer? cordialement, Cognoscio
sorry for posting that question, I didn't notice that this thread is not all that active any more...
If I code, I can't trade...
Nice system. I stumbled upon this thread and learned some few things that can help my trading.
Quoting Thierry89
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...
A good simple system (RSI & CCI), why isn't it popular with readers?
because readers prefer nonsense, empty barrels sound louder and are more entertaining
RSI - CCI - MA is the basic technique of MT4, many people prefer more sophisticated ones so they ignore the basic technique
Their orientation is not to make a profit, but to find sophisticated techniques, not caring if they have to make a deposit all the time
Quoting Darwati
why isn't it popular with readers?
Because nobody who backtests or uses it long-term can make profits out of it.

CCI and RSI are measuring basically the same thing.

There’s also a lot of conversation here based (as in so many other threads here) on the mistaken premise that including additional indicators in an attempt to improve the results will be of benefit. It almost never is. It’s an easy way of increasing win-rate, but that’s a whole different thing from making something profitable.
Quoting Quickly
{quote} Because nobody who backtests or uses it long-term can make profits out of it. CCI and RSI are measuring basically the same thing. There’s also a lot of conversation here based (as in so many other threads here) on the mistaken premise that including additional indicators in an attempt to improve the results will be of benefit. It almost never is. It’s an easy way of increasing win-rate, but that’s a whole different thing from making something profitable.
In my opinion, all indicators will produce similar values in terms of decisions but have different views
Most have no confidence, so want to base it on backtest evidence and proof of long-term use
What causes the verdict of no evidence in long-term use is actually the factor of greed and addiction
If RSI level 50 is used to make a profit today and stop trading after making a profit, and repeat it tomorrow, then there is no need for a sophisticated system.
Unfortunately most of us don't have the brakes to stop
so they go back to looking for a more sophisticated system and forget about basic techniques
Complicated System
Starting from the basic techniques of RSI, Macd, CCI, Ichimoku & MA which are continuously updated
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  • Post #147
  • Quote
  • Edited 12:17pm Mar 14, 2024 12:02pm | Edited 12:17pm
RSI-CCI-Stochastic as candle + Ichimoku Cloud M5 & M15 in one Chart , So you can used Chart M1 or M5 only

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Attached File(s)
File Type: zip RSI-CCI.zip   117 KB | 174 downloads

Buy is good if Candle above Ichimoku M5 & M15 and Candle = Green
Sell is good if Candle Below Ichimoku M5 & M15 and Candle = Red

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If you don't like fix chart , remove fixchart then goes to properties for uncheck Scale Fix
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Quoting Darwati
RSI-CCI-Stochastic as candle + Ichimoku Cloud M5 & M15 in one Chart , So you can used Chart M1 or M5 only {image} {image} {file} Buy is good if Candle above Ichimoku M5 & M15 and Candle = Green Sell is good if Candle Below Ichimoku M5 & M15 and Candle = Red {image} If you don't like fix chart , remove fixchart then goes to properties for uncheck Scale Fix {image}
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Quoting Darwati
{quote} {image}
Finish
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Have a nice dream
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One million pips BTC at the start of the day
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2nd round
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Forex trading is gambling without a bookie, not a BUSINESS or INVESTMENT
BUSINESSES have customers and the number of customers also increases with the age of the business
Forex trading has no customers
INVESTMENT is making your money work for you
Forex trading makes you work for money

so gamble with complete weapons, take a break after winning, start again later

Your mindset will determine the results
Draw section Buy/Sell as vertical line
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File Type: ex4 RSI-CCI-Stoch-Ichimoku-M5-M15 Section.ex4   12 KB | 152 downloads
This is what I mean by gambling
Even though you have combined many indicators......
still you can only take advantage of a small portion of these opportunities receiving benefits

no matter how skilled you are... luck is still number one
so take a break after winning

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Darwati,

Interesting System and my only question is exiting.
I understand the M5 and M15 multi time analysis, Ishi Clouds and entry but unclear and when to close off those lovely trades.
cpfleger
Darwati,
See screenprint.
cpfleger
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Quoting cpfleger
Darwati, Interesting System and my only question is exiting. I understand the M5 and M15 multi time analysis, Ishi Clouds and entry but unclear and when to close off those lovely trades. cpfleger
exit can be anytime when u SEE the profits, as long as u are comfortable with the margin , sometime the entry itself could be errorneous
Quoting cpfleger
Darwati, Interesting System and my only question is exiting. I understand the M5 and M15 multi time analysis, Ishi Clouds and entry but unclear and when to close off those lovely trades. cpfleger
Any technique can be used to open orders
and there is no correct technique for determining when to close an order
Why ? because it's all speculation
It's wiser if you have made a profit, immediately close the order and take a break
The "Macd" you mean is actually the RSI-CCI-Stoch-Inchimoku-M5-M15 Section indicator (Vertical Line)
Quoting CGdcv
{quote} exit can be anytime when u SEE the profits, as long as u are comfortable with the margin , sometime the entry itself could be errorneous
Right
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