Disliked{quote} hey I’m new to this thread, but how can I get a MT4 template? Or even a break down of the indicators used and their individual settings? very interested in this system! ThanksIgnored
Really interesting scalping system. Let's see if I do it right. Green for hourly and Red for 15m. 20/20CCI and 20/25 StochRSI. I look for scalping 12 pips per trade. Also remain 12 pips SL at the same time. Entry: Both indicators disagree to agree between H1 and 15m.
Ex. H1 bullish but 15m bearish. Either 15m agrees with H1 or H1 agrees with 15m.
Ex. H1 bullish but 15m bearish. Either 15m agrees with H1 or H1 agrees with 15m.
{quote} No, I just like the look of the chart. I like the Sto-RSI. If that is in conflict with the other indicators. then no trade. If the CCI is crossing above the zero line but Sto-RSI is below the 0.5 line then that is not a good entry. Also If the 25 period RSI is above the 50 line then I only trade long, if below then I only trade short. You want a confluence of all three. Works pretty good a filtering out bad trades.
{quote} Thanks. It helps a lot. I am so confused with heiken ashi and BBands.
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- Edited 1:45am Feb 16, 2024 12:56am | Edited 1:45am
{quote} I have a lot of charts that are not HA charts. If you do not like the Bolllinger bands one does not have to use them. The blue EMA is 34 periods. That is just to help confirm the trend. Price is above is long and below is short. The BB's are just good to see when momentum picks up or begins to slow down. Ranging verses trending. Trending markets stick close to one of the outer bands in what ever direction it is going. When price moves a way from the band it many times reverts back the mean or the average in the middle. that is a good place...
Here is the 15-minute EURUSD backtesting journal for recent 22 days. Only take trades from 15 minutes before London Open to London Close. TP 12 pips and SL 12 pips.
Account 1 takes 1 lot for each trade. Account 2 makes it 1R for each trade.
On the chart @ 9.23am you entered the second short @ 8.09am the RSI is on the floor. You lost that trade Why would you short something when the RSI is smashed on the floor? In kindness, that's just crazy, though jst my opinion and your money your call, would love to know why? 
On the chart @ 9.23am you entered the second short @ 8.09am the RSI is on the floor. You lost that trade Why would you short something when the RSI is smashed on the floor? In kindness, that's just crazy, though jst my opinion and your money your call, would love to know why?
"Hello, I am a programmer in NinjaTrader 8, and I really like your method. I would be tempted to code it in NinjaScript. Can you please formally explain to me the entry and exit rules of your trades? I will make a list of what I understood; could you please confirm if it is correct? Enter at the cross above of the 0 level on CCI on the longer timeframe. (entry long) The Stoch(rsi) must be greater than 0.5. (entry long) To validate the trade, check smaller timeframes to ensure that CCI and Stoch(rsi) are in agreement with the longer timeframe." (cci...
I also do the same thing with Macd and RSI and Stochastics. But Which ever I use I always include the sto-Rsi with them. Could be used on any type of chart, tick, Range, Renko, Volume charts and on any time frame. From inta-day to swing trading. Here is the chart I will be trading today. All the parameters for each indicator is on the chart.
RSI and CCI working together with Sto-Rsi. Again on all these charts I am using the zero of 50 line as a signal. These are the 610 tick charts. I have the same setting on the 233 chart that is up beside these. But you can use longer or shorter time frames if that is what you are comfortable with. The principle works on any time frame. which what makes it a good system. 