It’s sad but true… trading with a system that just “works” and is profitable, is fun until it’s not. You always want more. That’s my relationship with this system. It’s accurate, profitable, methodical, but very boring. There’s definitely some aspects of trading that we enjoy that’s more than just the profit you produce - drawing levels, satisfying analysis, engaging risk management. These components create a “enjoyable and engaging” trading experience, and although it should be only about the money, we craves systems that can offer these things.
Over the last year I’ve taken a hiatus from this system getting lost in the ICT trading world where you always feel like you’re one day away from cracking the code.
The truth is actually far more dull.
The core issue with this system is it’s a set and forget model. Not interactive. There’s a few trades a day, if any at times, and all trades are setup in the first 10 minutes of every new day. That’s it..rinse and repeat the following day. It feels so easy that after some success you’ll start to self sabotage - telling yourself systems that are more robust are superior. They’re not.
Years ago I used this system to become funded. And after many moons, I’m coming back to it. I just applied for another prop firm funded account and currently I’m 3-0 with around 1% gained on the challenge account.
I’m going to share the system with you, in hopes that you can become profitable/funded as well.
__________________________________________________________________________________________________________________________________
The entire system is based around one indicator. Camarilla Pivot Points.
Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels.
Similar to classic pivot points, it uses the previous day’s high price, low price, and closing price.
The most important levels are S3,S4 and R3, R4.
Depending on where price opens, the tool can suggest a trade that could exploit a reversion to the mean or a breakout to new highs or lows.
These pivot points work for all traders and help in targeting the right stop loss and profit target orders.
C = Previous day’s close
H = Previous day’s high
L = Previous day’s low
R4 = (H – L) x 1.1 / 2 + C
R3 = (H – L) x 1.1 / 4 + C
R2 = (H – L) x 1.1 / 6 + C
R1 = (H – L) x 1.1 / 12 + C
S1 = C – (H – L) x 1.1 / 12
S2 = C – (H – L) x 1.1 / 6
S3 = C – (H – L) x 1.1 / 4
S4 = C – (H – L) x 1.1 / 2
If you need a deeper understanding of CPP don't hesitate to do some research. It's an incredible indicator.
___________________________________________________________________________________________________________________________________
The System
CPP will make a new set of levels every day at broker open. You will need to go down to M1 to find the new CPP lines printing.
The entire trade setup is based around price levels - regardless of what time frame you're on - these levels are the same. However, you will need to go down to a smaller timeframe at open to check current day price levels.
On ANY pair we're looking for the current days CPP lines, to be completely INSIDE the previous days CPP lines. Meaning current days S4 should be higher than previous day's S4, and current day's R4, should be lower than previous days R4.
This is the key concept behind the strategy. This lets us know that based off of yesterdays price, current price is currently compressed and will have a very easy time moving away from where it's at currently - usually with immense momentum.
Once you have identified which pairs are compressed you can start to setup your OCO (Bracket Orders).
Win Rate is greater than 80%, however we have a very large SL. Our RR is only 2:1 which isn't great I understand. To combat this we obviously need to win a lot more than we lose, but you can also incrementally increase position after a loss if you're less risk adverse. I'm confident doing this, but also have trust in the system and have traded it a lot.
Without this, you'll be closer to 50% profitability even with a 80% w/r. If you trust the win rate and increase positioning after a loss, you can increase your profitability closer to 70%
Longs:
Entry: Price crosses above R3 level (and pip cushion) to trigger buy stop.
Take Profit: Price touches R4 level
Stop Loss: 2:1
Risk: .5% to start every trade and double after loss up to 4%.
Shorts:
Entry: Price crosses below S3 level (and pip cushion) to trigger sell stop
Take Profit: Price touches S4 level
Stop Loss: 2:1
Risk: .5% to start every trade and double after loss up to 4%.
Ridiculously simple right? Can't believe it works right? Trust me, as someone who has traded the most robust and complicated systems, less is more.
Edit 1 - updated stop loss
Over the last year I’ve taken a hiatus from this system getting lost in the ICT trading world where you always feel like you’re one day away from cracking the code.
The truth is actually far more dull.
The core issue with this system is it’s a set and forget model. Not interactive. There’s a few trades a day, if any at times, and all trades are setup in the first 10 minutes of every new day. That’s it..rinse and repeat the following day. It feels so easy that after some success you’ll start to self sabotage - telling yourself systems that are more robust are superior. They’re not.
Years ago I used this system to become funded. And after many moons, I’m coming back to it. I just applied for another prop firm funded account and currently I’m 3-0 with around 1% gained on the challenge account.
I’m going to share the system with you, in hopes that you can become profitable/funded as well.
__________________________________________________________________________________________________________________________________
The entire system is based around one indicator. Camarilla Pivot Points.
Camarilla Pivot Points is a math-based price action analysis tool that generates potential intraday support and resistance levels.
Similar to classic pivot points, it uses the previous day’s high price, low price, and closing price.
The most important levels are S3,S4 and R3, R4.
Depending on where price opens, the tool can suggest a trade that could exploit a reversion to the mean or a breakout to new highs or lows.
These pivot points work for all traders and help in targeting the right stop loss and profit target orders.
C = Previous day’s close
H = Previous day’s high
L = Previous day’s low
R4 = (H – L) x 1.1 / 2 + C
R3 = (H – L) x 1.1 / 4 + C
R2 = (H – L) x 1.1 / 6 + C
R1 = (H – L) x 1.1 / 12 + C
S1 = C – (H – L) x 1.1 / 12
S2 = C – (H – L) x 1.1 / 6
S3 = C – (H – L) x 1.1 / 4
S4 = C – (H – L) x 1.1 / 2
If you need a deeper understanding of CPP don't hesitate to do some research. It's an incredible indicator.
___________________________________________________________________________________________________________________________________
The System
CPP will make a new set of levels every day at broker open. You will need to go down to M1 to find the new CPP lines printing.
The entire trade setup is based around price levels - regardless of what time frame you're on - these levels are the same. However, you will need to go down to a smaller timeframe at open to check current day price levels.
On ANY pair we're looking for the current days CPP lines, to be completely INSIDE the previous days CPP lines. Meaning current days S4 should be higher than previous day's S4, and current day's R4, should be lower than previous days R4.
This is the key concept behind the strategy. This lets us know that based off of yesterdays price, current price is currently compressed and will have a very easy time moving away from where it's at currently - usually with immense momentum.
Once you have identified which pairs are compressed you can start to setup your OCO (Bracket Orders).
Win Rate is greater than 80%, however we have a very large SL. Our RR is only 2:1 which isn't great I understand. To combat this we obviously need to win a lot more than we lose, but you can also incrementally increase position after a loss if you're less risk adverse. I'm confident doing this, but also have trust in the system and have traded it a lot.
Without this, you'll be closer to 50% profitability even with a 80% w/r. If you trust the win rate and increase positioning after a loss, you can increase your profitability closer to 70%
Longs:
Entry: Price crosses above R3 level (and pip cushion) to trigger buy stop.
Take Profit: Price touches R4 level
Stop Loss: 2:1
Risk: .5% to start every trade and double after loss up to 4%.
Shorts:
Entry: Price crosses below S3 level (and pip cushion) to trigger sell stop
Take Profit: Price touches S4 level
Stop Loss: 2:1
Risk: .5% to start every trade and double after loss up to 4%.
Ridiculously simple right? Can't believe it works right? Trust me, as someone who has traded the most robust and complicated systems, less is more.
Edit 1 - updated stop loss
Can't go broke making profit
