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Simplicity is the ultimate form of sophistication ( Elite )

  • #21
  • Mar 27, 2008 9:38pm Mar 27, 2008 9:38pm
Do you have this as a Simple Moving Average or a Smoothed Moving Average?
  • #22
  • Mar 27, 2008 9:41pm Mar 27, 2008 9:41pm
Quoting FXStarShip
Thanks for sharing your system WaterFlame. I'm testing on a 5 min chart with some different settings. I do like your 15 min setup as well
you are welcome man, but beware of the 5 min chart
  • #23
  • Mar 27, 2008 9:42pm Mar 27, 2008 9:42pm
Can't argue with this setup to much
Attached Image (click to enlarge)
Click to Enlarge Name: display72.gif Size: 28 KB
  • #24
  • Mar 27, 2008 9:43pm Mar 27, 2008 9:43pm
Quoting Mantorp
Do you have this as a Simple Moving Average or a Smoothed Moving Average?

ManTorp, its a Simple Moving average, thank you for the advise, i wil write it in the first post by the Setup
  • #25
  • Mar 27, 2008 9:47pm Mar 27, 2008 9:47pm
Water:

how do you filter the weak signals or do you take them all if the criteria is met?
  • #26
  • Mar 27, 2008 9:48pm Mar 27, 2008 9:48pm
Quoting FXStarShip
Can't argue with this setup to much
I suggest to erase the Ergodic Sniper, and try out the system how its described, read the rules ad keep it simple
  • #27
  • Mar 27, 2008 9:53pm Mar 27, 2008 9:53pm
I really use the Ergo for an alert system as much anything- a heads up. I need to be alerted when A signal presents itself. I wish we could program the CCI to alert differently.
I must say that the 15 chart as you have presented will do the trick. How many signals to you get weekly from your 4 pairs?
  • #28
  • Edited Mar 28, 2008 1:10am Mar 27, 2008 9:53pm | Edited Mar 28, 2008 1:10am
a current little pipscalp, i was into it about 3 pips too late, my fault, discipline is all, but im still in profit

This trade will be an advanced trade like described in the rules, with a 100% exit, price reversal exit, or zero line CCI Stop loss

( For Advise to never get into a trade late and without current confirming price action entry )

http://www.abload.de/img/pipscalp0c9.gif
  • #29
  • Mar 27, 2008 10:02pm Mar 27, 2008 10:02pm
Quoting Waterflame
i only use 4 pairs

eur/usd is very smooth in trading, have low spread, but less profit

eur/chf consolidate too much, but have nice break outs and good profit

usd/jpy has low spread, most time volatile, and very nice profit

gbp/jpy is maybe a bit dangerous with the spread, but very active and

gives best profit
Ok thanks btw i use the standard cci indicator with 34 setting is that ok ?
  • #30
  • Mar 27, 2008 10:02pm Mar 27, 2008 10:02pm
Beautiful entry the GBP
Attached Image (click to enlarge)
Click to Enlarge Name: display73.gif Size: 27 KB
  • #31
  • Mar 27, 2008 10:05pm Mar 27, 2008 10:05pm
Quoting carrera87
Ok thanks btw i use the standard cci indicator with 34 setting is that ok ?
yes, carrera, woodie is just fine with the colors to see again the trend direction, you can use the normal CCI too if you feelconfortable with it
  • #32
  • Mar 27, 2008 10:06pm Mar 27, 2008 10:06pm
Anyway- Nice Work WaterFlame. I've very excited to start trading your system. I'll report later with some real results. Bless you for sharing

Cheers~
  • #33
  • Mar 27, 2008 10:06pm Mar 27, 2008 10:06pm
Quoting FXStarShip
Beautiful entry the GBP
yes , very beauty
  • #34
  • Mar 27, 2008 10:07pm Mar 27, 2008 10:07pm
Quoting FXStarShip
Anyway- Nice Work WaterFlame. I've very excited to start trading your system. I'll report later with some real results. Bless you for sharing

Cheers~
you are welcome FxStar, my pleasure, and good trading
  • #35
  • Mar 27, 2008 10:08pm Mar 27, 2008 10:08pm
Plug this into charts- you might like it
Attached File(s)
File Type: mq4 FX_Sniper's_Ergodic_CCI_Trigger.mq4   4 KB | 1,179 downloads
  • #36
  • Edited Mar 28, 2008 1:05am Mar 27, 2008 10:13pm | Edited Mar 28, 2008 1:05am
Quoting FXStarShip
Plug this into charts- you might like it
i have traded almost all systems here in FF or other Forums, maybe hundreds of indicators, i will not complicate anything with additional indicators, they will tell anyway the same thing, but CCI is clear proper in entry and exit signals, and the 34 variable Fibonacci number is far enough to have good profit ( at least 10 pips ) with low false sloppy entries , and near enough to have a good stop loss condition
  • #37
  • Mar 27, 2008 10:14pm Mar 27, 2008 10:14pm
Good point~I do appreciate simplicity!
  • #38
  • Edited 11:02pm Mar 27, 2008 10:16pm | Edited 11:02pm
Quoting FXStarShip
Good point~I do appreciate simplicity!
Well Star, thank you for the conversation
  • #39
  • Mar 27, 2008 10:27pm Mar 27, 2008 10:27pm
thanks for the simple system. just one question regarding entry and exit: ma crossover and cci cross to zero line should be at the same time? thanks in advance
Quoting Waterflame
Well Star, thank you for the conversation, i need a bunch of sleep, tomorrow than n8
  • #40
  • Edited Mar 28, 2008 1:19am Mar 27, 2008 10:43pm | Edited Mar 28, 2008 1:19am
Quoting FXStarShip
Water:

how do you filter the weak signals or do you take them all if the criteria is met?
Star, the only advice i will give you, and i have learned with time, is to identify the psychological mood of a market

there are 3 criterias

- Healthy ( good trading )

- Sick ( too volatile and extreme aggresive with spikes ) ranging

- Lazy ( slow )

when you learn to see this on your chart, than you can pick out the good markets, even if they become from health to sick or to lazy, you can trade 2 trades with a stop loss, than change your pair and reasearch again about a health market.


Healthy market

http://www.abload.de/img/healthyd7u.gif


Sick market

http://www.abload.de/img/badexampleicm.gif


Lazy market

http://www.abload.de/img/lazy4ji.gif
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