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Simplicity is the ultimate form of sophistication ( Elite )

  • #41
  • Mar 27, 2008 10:46pm Mar 27, 2008 10:46pm
Quoting kenneith
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
Yes, and you can be assured, because none of the indicaotrs will cross individualy, because the CCI 34 zero line cross and the 3 Ema - 34 Sma are perfectly assembled together.
  • #42
  • Mar 27, 2008 10:49pm Mar 27, 2008 10:49pm
thanks matey already in profit on usd/jpy and gbp/jpy both on 15min tf. excellent stuff.
Quoting Waterflame
Yes, and you can be assured, because none of the indicaotrs will cross individualy, because the CCI 34 zero line cross and the 3 Ema - 34 Sma are perfectly assembled together.
  • #43
  • Edited 11:11pm Mar 27, 2008 10:53pm | Edited 11:11pm
After a good entry and a healthy market run, its now about me to choose my exit conditions...

- do i exit now with a 20 pip scalp profit

- will i wait until CCI returns to 100% line for sharp advanced trading exit

- or will i risk a CCI zero line cross with 3 Ema - 34 Sma cross


Learn to identify Price action behaviour, if candles are fast rising or falling, continuation or reversal, etc, everything depends on it

http://www.abload.de/img/cuurenttradeexitd6n.gif
  • #44
  • Mar 27, 2008 10:55pm Mar 27, 2008 10:55pm
Quoting kenneith
thanks matey already in profit on usd/jpy and gbp/jpy both on 15min tf. excellent stuff.

welcome bro
  • #45
  • Mar 27, 2008 11:33pm Mar 27, 2008 11:33pm
waterflame
try right clicking on the chart >> save picture as >>choose active chart 600*800
  • #46
  • Mar 27, 2008 11:38pm Mar 27, 2008 11:38pm
Quoting Mina
waterflame
try right clicking on the chart >> save picture as >>choose active chart 600*800
i will do it next time, thank you Mina
  • #47
  • Mar 27, 2008 11:55pm Mar 27, 2008 11:55pm
Some few pips again

http://www.abload.de/img/somefewmz3.gif
  • #48
  • Mar 28, 2008 1:25am Mar 28, 2008 1:25am
exit method and condition to save profit and wait for new entry

( 9 pips profit ) Eur/Usd is very low profit giving at asian time

http://www.abload.de/img/exitb3m.gif
  • #49
  • Mar 28, 2008 1:34am Mar 28, 2008 1:34am
never trade anything, if the CCI 34 is not crossing the zero line with 3 Ema - 34 Sma crossing at the same time


http://www.abload.de/img/noentrytdt.gif
  • #50
  • Edited 7:16am Mar 28, 2008 6:09am | Edited 7:16am
Nice system, WaterFlame.

I added an alert to your template to make life a little easier. The email function is set to "off", alert function "on" in the template. If you want it to email when there's a cross of the 3 and the 34 just set it the way you want it.

Happy trading. (for people who trade on Fridays)

ken
Attached File(s)
File Type: mq4 2MA CrossoverWithPrice.mq4   9 KB | 1,311 downloads
File Type: tpl elitewithalert.tpl   15 KB | 1,349 downloads
File Type: mq4 CCI_Woodies_Lnx_v4.mq4   8 KB | 1,067 downloads
Is your SL my TP?
  • #51
  • Edited 9:43am Mar 28, 2008 8:00am | Edited 9:43am
Quoting kenmania
Nice system, WaterFlame.

I added an alert to your template to make life a little easier. The email function is set to "off", alert function "on" in the template. If you want it to email when there's a cross of the 3 and the 34 just set it the way you want it.

Happy trading. (for people who trade on Fridays)

ken

thank you ken for the alert Ma, its the best alert Ma i have ever tried out, but i suggest to monitor yourself the charts, and not awaiting the signal, because this system need an eye on price action, and not a too late entry alert for a signal what is too far away from initial entry conditions.

Read in the first post in this thread the System Rules, the " Attention: " , what describes entry while Candle forming, until Candle forming and finaly signals giving 3 Ema crossing 34 Sma, with CCI 34 zero line crossing ( price action ), your entry Condition

im glad you are on board ^^
  • #52
  • Edited 10:34am Mar 28, 2008 9:46am | Edited 10:34am
Never trade a too big candle, most of them can be fakes, and result in reversal stop losses with a too late entry, ( loosig more as jsut your spread stop loss from entry " see the rules " )

Remember, only fine normal candles with your entry rules

Read also the Market Condition and psychological mood describing, this kind of big candles can maybe explain a Sick market condition and continuation in this mood...

Its better not to trade and not to loose your money, even if market will go your way, we must trade quality, not quantity


http://www.forexfactory.com/showpost...7&postcount=40


http://www.abload.de/img/neveruei.gif
  • #53
  • Edited 10:26am Mar 28, 2008 10:10am | Edited 10:26am
here is an excellent psychological mooding market, becoming healthy, and not risking a lot of stop loss with a big candle


http://www.abload.de/img/ever4oh.gif
  • #54
  • Mar 28, 2008 10:22am Mar 28, 2008 10:22am
I dont have enough words to thank you for this system and how grateful I am that you were kind enough to share a stratedgy as powerful and profitable as this.

At a time when im just about starting live trading, This is what I will use mostly to trade now.

Thanks, I dont think i have enough words to say to show you how grateful i am for this.

Hey kenmania: Thanks so much for the cool alerts for this system bro. Appreciate it a ton. Thank you both so much.

God bless
  • #55
  • Mar 28, 2008 10:24am Mar 28, 2008 10:24am
Waterflame,i love this type of method, thank you. also, your little tidbits about trading are very good also (sick market,big candles etc.).i hope you continue. ps, could i get a copy of your onscreen clock and info indicator? it is on your template, but dosen't work without indicator in mt4. thanks again..............vince
  • #56
  • Mar 28, 2008 10:27am Mar 28, 2008 10:27am
Quoting WilteredFire
I dont have enough words to thank you for this system and how grateful I am that you were kind enough to share a stratedgy as powerful and profitable as this.

At a time when im just about starting live trading, This is what I will use mostly to trade now.

Thanks, I dont think i have enough words to say to show you how grateful i am for this.

Hey kenmania: Thanks so much for the cool alerts for this system bro. Appreciate it a ton. Thank you both so much.

God bless
im glad you enjoy it Fire, you are welcome, ask any time everything, i will reply as fast i can...
  • #57
  • Mar 28, 2008 10:28am Mar 28, 2008 10:28am
Quoting Vince-AC
Waterflame,i love this type of method, thank you. also, your little tidbits about trading are very good also (sick market,big candles etc.).i hope you continue. ps, could i get a copy of your onscreen clock and info indicator? it is on your template, but dosen't work without indicator in mt4. thanks again..............vince

i thank you for your notice Vince, i will add for you the indicators in the 3rd post where you can find the template and indicators...
  • #58
  • Mar 28, 2008 10:31am Mar 28, 2008 10:31am
Quoting Waterflame
i thank you for your notice Vince, i will add for you the indicators in the 3rd post where you can find the template and indicators...
sorry but the edit button disappeared at the template post, i will add the indicators here
Attached File(s)
File Type: ex4 Clock_v1_2.ex4   14 KB | 907 downloads
File Type: ex4 EJ_CandleTime.ex4   2 KB | 950 downloads
  • #59
  • Mar 28, 2008 10:37am Mar 28, 2008 10:37am
By the way, does anybody have any idea on what type of stop loss would be good on this system or where on the charts I could look to find a good stop loss?

Thanks guys
  • #60
  • Mar 28, 2008 10:42am Mar 28, 2008 10:42am
Quoting WilteredFire
By the way, does anybody have any idea on what type of stop loss would be good on this system or where on the charts I could look to find a good stop loss?

Thanks guys

Stop Loss is described in the Rules section #1 post
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