4H CCI Strategy (Catch most of PIPs from Trend) | Forex Factory

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Attachments: 4H CCI Strategy (Catch most of PIPs from Trend)
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4H CCI Strategy (Catch most of PIPs from Trend)

  • #1
  • First Post: Aug 23, 2007 2:22pm Aug 23, 2007 2:22pm
I found a very accurate entry in cci trigger at 4H. Its call cci 5034.

this means when cci 50 cross 0 line, the price cross ema 34 in same direction.

I try to figure out how to exit it.

I try to use MACD cross, trendline break, and even i pull out ema 68,136,272 as exit strategy.

does anyone have better idea about exit strategy in cci 5034 trigger?
  • #2
  • Aug 23, 2007 2:39pm Aug 23, 2007 2:39pm
Quoting johntsai
I found a very accurate entry in cci trigger at 4H. Its call cci 5034.

this means when cci 50 cross 0 line, the price cross ema 34 in same direction.

I try to figure out how to exit it.

I try to use MACD cross, trendline break, and even i pull out ema 68,136,272 as exit strategy.

does anyone have better idea about exit strategy in cci 5034 trigger?
I have played with that strategy for two or three years, on futures as well as forex.

It has a lot of whipsaws. The best approach is to take the first Zero Line Reject after the CCI50 crosses zero.

I have never found an ideal way to exit. I think a set PT may be the best way.
  • #3
  • Edited 3:58pm Aug 23, 2007 3:16pm | Edited 3:58pm
Quoting billbss
I have played with that strategy for two or three years, on futures as well as forex.

It has a lot of whipsaws. The best approach is to take the first Zero Line Reject after the CCI50 crosses zero.

I have never found an ideal way to exit. I think a set PT may be the best way.
first zero line reject will bring out my "stay in trend rule". its call cci 5034z and cci 5014. i will not consider it an exit sign. that why i pull out macd, trendline to see if there is anyother way.
  • #4
  • Aug 23, 2007 3:19pm Aug 23, 2007 3:19pm
Quoting johntsai
first zero line reject will bring out my "stay in trend rule". its call 5034z and 5014. i will not consider it an exit sign. that why i pull out macd, trendline to see if there is anyother way.

ps. 5034z= cci50 reach 0/+100/-100, and cci6 is at extreme. confirm 5034z when cci6 cross back 0 line
5014= cci50 in up side, cci14 at extreme them cross back up 0 line for confim. (same thing when cci50 is in down side.)
I couldn't understand what you wrote.

I didn't mean the first ZLR was an exit. I meant that is the best entry- better than the 5034.
  • #5
  • Aug 23, 2007 3:27pm Aug 23, 2007 3:27pm
Quoting billbss
I couldn't understand what you wrote.

I didn't mean the first ZLR was an exit. I meant that is the best entry- better than the 5034.
sorry to misunderstand u.

i saw wat u mean. the first 0 line reject is good reentry after 5034, but 0 bounce have to confirm with cci6 cross back the 0. this trigger call cci 5034z.
  • #6
  • Aug 24, 2007 10:48am Aug 24, 2007 10:48am
Red line indicate 5034 trigger for entry.

Check this chart out. We see a very good potential in the trade that can catch most of pips out.

Also, I plug in CCI 6,14,20,50, MACD, EMA 17,34,68,136,272, and Zup indicator(harmonic pattern capture), and tom demark trendline as well to find the potential exit.

This moring, the trigger I took at 2007.08.22 had gone almost 100 pips now. The exit will consider the day tom demark trendline break target at 13691.
and I move my stop up to the bottom of last big moving which is at 13567.

If there is any other good exit, please feel free to post on for more discussion.
Attached Image (click to enlarge)
Click to Enlarge Name: 5034 in eur 4H.jpg Size: 80 KB
  • #7
  • Aug 27, 2007 12:07am Aug 27, 2007 12:07am
I suggest to try this out;

CCI 80
EMA 7

TF - 4 hrs.
  • #8
  • Aug 27, 2007 1:24am Aug 27, 2007 1:24am
Quoting Olaha
I suggest to try this out;

CCI 80
EMA 7

TF - 4 hrs.
do you use them as a exit trigger or entry trigger?
detail please.
  • #9
  • Aug 27, 2007 5:05am Aug 27, 2007 5:05am
I have my own system, but I use this indicators as confirmation for entry and exit.



Quoting johntsai
do you use them as a exit trigger or entry trigger?
detail please.
  • #10
  • Aug 27, 2007 8:15am Aug 27, 2007 8:15am
These simple yet powerful systems keep popping up over and over again.

I suggest we focus more on Money management ALONG with this system.

As for exit, i find a return and cross of the 50 line a good exit. also, never ignore support/resistances as these are always good exit points too.

So, lets focus more on money management.
100% of traders are losers. Just that some win more than they lose!
  • #11
  • Aug 27, 2007 8:34am Aug 27, 2007 8:34am
http://i13.tinypic.com/4xqn52u.gif

this is my contribution MM wise.

I have been looking on entering on the 50 cross with 34 as filter. I feel it is wise to calculate the SL based on a recent high (or low in this case). in this example i found the recent low to be 140 pips from entry. I factored that into my 2% risk per trade mantra. That means if i had 10,000 i would use

(.02*10,000 = $200 risk, so 200/140/10 per pip = approximately 0.14 lots)

I think with this simple setup the odds are in your favor of succeeding. Just use proper and consistent risk and u should profit
100% of traders are losers. Just that some win more than they lose!
  • #12
  • Aug 27, 2007 11:57am Aug 27, 2007 11:57am
Quoting Olaha
I suggest to try this out;

CCI 80
EMA 7

TF - 4 hrs.
Would you be kind enough to explain a little more on how you use this combination?

Visually, an 80 period CCI seems to give signals late in a trend and gets you out well after the trend is over. I assume the magic happens with the 7 ema but I am not seeing it when I look at a chart.
  • #13
  • Aug 27, 2007 12:01pm Aug 27, 2007 12:01pm
Quoting lepiricus
Would you be kind enough to explain a little more on how you use this combination?

Visually, an 80 period CCI seems to give signals late in a trend and gets you out well after the trend is over. I assume the magic happens with the 7 ema but I am not seeing it when I look at a chart.
same here. i'm using 85 34 instead
100% of traders are losers. Just that some win more than they lose!
  • #14
  • Aug 27, 2007 7:01pm Aug 27, 2007 7:01pm
Quoting Mr demark
same here. i'm using 85 34 instead
Wow!! thx for the effort Mr. demark.

resistance/support could be good exit!! great job!!

I also found, if position open when harmonic pattern detected with trendline break, it is a better entry then cci and ema!

what do you think?
  • #15
  • Aug 28, 2007 12:00am Aug 28, 2007 12:00am
You could try this setting;

Combine setting in the CCI with EMA

CCI 80 and EMA 7

The entry could be at the cross each other.
If you want to make more effective trade....
you must have money management skill.
Visit my threat at "Pivot Point with Money Management".


See the attachment..
Attached Image (click to enlarge)
Click to Enlarge Name: CCI.jpg Size: 440 KB
  • #16
  • Apr 30, 2011 5:04am Apr 30, 2011 5:04am
I use cci7and 14 for charts under 1hr and cci 7-20 for charts above 1hr and enter when both cross from below -100 together or even better if the 7 crosses the 14 or 20 1st at a steep angle. This only with trend as defined by ma 7-21-50 and 200. You do get some fakeouts but losses are minimal.

Look on 1 hr chart and you will always get the 7 crossing -100 1st for 1 bar up and then the 14 or 20 (not much difference between these) crossing for another bar up even during consolidation phase.

I agree that exit is hard to gauge, but have been looking at the cci-50 to stay above zero= no exit.

maybe look for cci-14,20 to cross back below 100 or zero.

I know that some of u will say that entering long on a cross of -100 is extreme and risky but I also look for the cci to have previously been above zero for some time. If it has been below zero then some other type of indication is needed like a bounce off the 50ma or a pin candle or an engulfing candle.

Anyone with any input to refine this method would be much appreciated.
  • #17
  • Apr 30, 2011 9:54am Apr 30, 2011 9:54am
I also look at pullbacks to the 'other side of zero'. For example, if the 150 is above zero, I'm looking for the 14 to pullback to zero or below, then enter on price action triggers (eg engulfing, hammers, reversal bars, trendline breaks).
Attached Image (click to enlarge)
Click to Enlarge Name: EurGpb example.jpg Size: 94 KB
  • #18
  • May 1, 2011 11:49am May 1, 2011 11:49am
I could be wrong but CCI 50 is the Supertrend/Trend Magic indi setting. Steve Hopwood had a thread that wrote some ea's for that which may be some help.
  • #19
  • May 9, 2011 9:38am May 9, 2011 9:38am
It sound strange but CCI its just position of candles upper or lower MA. In terminal its simple ma. I made customCCI where you can choose your own type of MA.
Morphyc type of price show us if the candle upper or down of MA. If candle on MA - zero level.
Attached File(s)
File Type: mq4 CCIcustom.mq4   4 KB | 1,491 downloads
  • #20
  • May 11, 2011 11:01pm May 11, 2011 11:01pm
Can anyone post a CCI indicator with alert?

Thanks,
chonghm
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