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  • #261
  • Mar 31, 2008 6:23pm Mar 31, 2008 6:23pm
That's really cool Ken- So I'll get an alert with each Dot.

Awesome!
Trade what you see - Not what you think
  • #262
  • Mar 31, 2008 6:30pm Mar 31, 2008 6:30pm
Quoting startingover
Waterflame said in earlier post to wait for candle to close before entry, so I guess the alert is o.k. ?

Thank you for the alert

yes but please read next post
  • #263
  • Mar 31, 2008 6:33pm Mar 31, 2008 6:33pm
Quoting summitfx
That's really cool Ken- So I'll get an alert with each Dot.

Awesome!
LOL, you might not think so when you see how many alerts you get as it zig zags across the zero line on a fifteen minute chart.
Is your SL my TP?
  • #264
  • Mar 31, 2008 6:34pm Mar 31, 2008 6:34pm
Waterflame:

Thanks for your system and your helping attitude. Within a few days of starting this thread, it has already nearly 15,000 views. I want to start demoing your system before it becomes too big. Can you or some one please point out the best templates/indicators to us newbies as there are already many of them in this thread? Also, I am in the west coast (USA, PST) and only have time during the evening. Can you pl suggest some good time to have a better probability of getting trades using your system, best pairs and the time frame? I know, it depends but still I will appreciate your knowledgable guess.

Thanks in advance for your (or any others) reply.

FX_California
  • #265
  • Mar 31, 2008 6:38pm Mar 31, 2008 6:38pm
they came out the same from what I can see~

Quoting remcous
Maybe it's me, but I find than this MA crossover signal you show have something wrong... arrow are 1 bar late than mine.

What do you think ?

PS : Thank you WaterFlame for your so simple system
Trade what you see - Not what you think
  • #266
  • Mar 31, 2008 6:41pm Mar 31, 2008 6:41pm
Quoting masilva
WF thanks for the system...

Just to be clear...

1) Because of CCI nature (and if I'm not wrong) we will always have CCI zero cross first. Then we wait for 3 EMA crossing 34 SMA. If it happens on same bar continue with 2); else, no trade and we wait for new CCI zero cross.

Yes, indeed, and thats why i have wrote in the entry rules to ebserve CCI 's momentum signal first. ( i will write in the processus again to not be missunderstood or if i have forgot to write the simulation of according signals )

2) As soon as 3 EMA crosses 34 SMA we enter a trade with 15 pips hard Stop Loss. (or we can wait for the bar to close but lets say we are in "aggressive mode").

Stop Loss at least at Entry signal ( Hard Stop ) when you dont have yet a spread candle, and you can exit if CCI weak with zero loss.

3) If everything goes right, by the close of the bar we should be in positive pips. From now on, we wait for exit signals, i.e. CCI/Candle weakness, 10 SMA cross, CCI 100%, 200% reversals, etc. ELSE WHAT ?

As i wrote, if you have not more than 35 pips and if CCI is not above 100%, you dont use the 10 SMA exit?

What happens if the candle closes lower than our entry? or even there is no 3/34 cross any more ? Should we wait for hard stop ? should we exit inmediatly ?

this is where i promissed to make graphics for stop loss with a live example, even if i explain just with words, visuals will explain it better.

please be patient until a loss trade happens, so i will take a screenshot

Could you be so kind to confirm me if I'm right in the first 3 points, and write a little more on those last questions ?

Thanks in advance

Regards

Mariano

According simulation for entry signals :

- I wrote to be attentive of the price action of CCI crossi zero line

- watch the Advertising candle if its not too big and observe if 3 Ema is near 34 Sma

- when the Confirming candle appears ( for example its a long trade ) above the 34 Sma and begin to rise with 2 or 3 pips, enter the position ( according iwith the 3 Ema yellow line is too over the 34 Sma
  • #267
  • Mar 31, 2008 6:45pm Mar 31, 2008 6:45pm
Just found this thread the other day. is bang on with the simplicity theory. had been testing a simaliar method that i came up with for the past couple of months (althought this one is better). looking forward to making some pips from it.
Whats been the results so far using this method using the h4 charts?
Might be worth someone, if not a few people login up a weekley report of there results, just to keep everyone up to speed on the progess.
  • #268
  • Mar 31, 2008 6:49pm Mar 31, 2008 6:49pm
Quoting FX_California
Waterflame:

Can you or some one please point out the best templates/indicators

i will suggest to use what you find here

Also, I am in the west coast (USA, PST) and only have time during the evening.

Trade Asian Session

Can you pl suggest some good time to have a better probability of getting trades using your system, best pairs and the time frame?

Asian Pairs and 15 min timeframe

FX_California
  • #269
  • Mar 31, 2008 6:53pm Mar 31, 2008 6:53pm
Quoting jdandcoke
Just found this thread the other day. is bang on with the simplicity theory. had been testing a simaliar method that i came up with for the past couple of months (althought this one is better). looking forward to making some pips from it.
Whats been the results so far using this method using the h4 charts?
Might be worth someone, if not a few people login up a weekley report of there results, just to keep everyone up to speed on the progess.
I have promissed to post all my trades during this next 2 weeks live trading, and posting at time here in this thread.

Personally 4h is too huge for me to trade, i withdraw my money because i need it, and will not have enough capital to survive a long time in 4h timeframs without a bit risk capital to secure Stop loss ( even if i woul be very profitable )

and i dont have the patience to monitor 4h trades.
  • #270
  • Mar 31, 2008 7:01pm Mar 31, 2008 7:01pm
cheers waterflame,

i have to look at the h4 as most of the week i cant get internet access during the day only evenings.
  • #271
  • Mar 31, 2008 7:18pm Mar 31, 2008 7:18pm
Those Dots are like Mexican jumping jelly beans- they keep you hopping!
Trade what you see - Not what you think
  • #272
  • Mar 31, 2008 7:38pm Mar 31, 2008 7:38pm
Question for someone here...

When exiting because of weakening CCI are you waiting until a bar closes and if cci is now pointing the wrong way get right out?

And on an entry where price gives you an entry then shoots right back on you, get right out where you entered?

Hopefully i am following this correctly
  • #273
  • Mar 31, 2008 8:55pm Mar 31, 2008 8:55pm
Quoting Waterflame
10 Sma exit Added
Salam Waterflame,
better put this info to the #1 post. What do you think?
  • #274
  • Mar 31, 2008 10:34pm Mar 31, 2008 10:34pm

Yesturday was a great day for me trading this new system. I have to admit I did use a couple other indicators that I use to help me recognize and confirm my entries. The best part about my trading last night is I was able to stay out of a couple trades a "professional" trader I follow made that went negative on him. The next couple days for me will be the real test to see if my success continues or not. Asia seems kinda slow today and I woke up late so I will not be trading the asian session today. The E/U looks to me to be "lazy" along with some other pairs right now so I wait for London. Good luck today you guys.

-Kevin


  • #275
  • Apr 1, 2008 1:08am Apr 1, 2008 1:08am
still lack "big candle" definition?
nobody came with clear criteria? (how much is too big - or not too big?)
post 171 - "monster, you kidding me, NONO, etc" a bit vague - hardy a clear definition
  • #276
  • Apr 1, 2008 2:37am Apr 1, 2008 2:37am
Hi, there,
This system is so simple and effective, that it can be free!
Thank's Waterflame and everyone of you for the contribution.
For some early entry/exitsignals, you can use a 34 EMA overlayed on the CCi window.Every cross between EMA & CCi it can be a warning. Just look and give it a shot. And of course, if you spend a little time to study the CCi patterns and behaviour (I think Woodie CCi will be a great source), you will have more info coming from this indicator on what the price it will do next...

P.S. I've maded a backtest since oct 2007 till now, and I manage to get 95% profit trades! Highest percent system till now....I also use 14 tCCi for a better view and as a profit target I have borrowed some EMA's fib levels from the Vegas tunnel....
I don't say
  • #277
  • Apr 1, 2008 3:07am Apr 1, 2008 3:07am
how you manage backtests on such a system? could somebody teach me how to do this. i am quite new with metatrader and would like to backtest this system on a 15 M and Daily timeframe. tnx for any suggestions
  • #278
  • Apr 1, 2008 3:12am Apr 1, 2008 3:12am
Quoting dragosd1
Hi, there,
This system is so simple and effective, that it can be free!
Thank's Waterflame and everyone of you for the contribution.
For some early entry/exitsignals, you can use a 34 EMA overlayed on the CCi window.Every cross between EMA & CCi it can be a warning. Just look and give it a shot. And of course, if you spend a little time to study the CCi patterns and behaviour (I think Woodie CCi will be a great source), you will have more info coming from this indicator on what the price it will do next...

P.S. I've maded a backtest since oct 2007 till now, and I manage to get 95% profit trades! Highest percent system till now....I also use 14 tCCi for a better view and as a profit target I have borrowed some EMA's fib levels from the Vegas tunnel....
Sounds like a funny EA. Do you mind to share?
  • #279
  • Apr 1, 2008 3:28am Apr 1, 2008 3:28am
No, I did backtest it using a trading simulator, manually
Look for LFH trading simulator.
I will search it and I will attach.
It is better than vHands, because it allows opening multiple lots and closing one by one.That's my entry lots strategy.
Attached File(s)
File Type: zip Trade_Simulator_Installer.zip   120 KB | 823 downloads
I don't say
  • #280
  • Apr 1, 2008 3:30am Apr 1, 2008 3:30am

My trades during london so far:


http://www.fileden.com/files/2006/7/...326/sofaar.gif


Had a huge candle form to hit my stop loss on the U/J trade. It was not produced by news which was the wierd thing. Since then the market has been pretty wierd IMO. I might end up staying out until New York comes.

PS; rarely do I get perfect entries with this system. Normally it is after the trend has formed and an entry on a retracement on 15m chart. Most of the time I am going for less pips and a quick move in my favor. I did have a chance last night to get a 50 pip move on a heavy E/U trade but I was safe and took profits. I'm sure eventually I will have a trade that gets into enough profit fast enough to set a trailing stop and let it run.

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