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Scalping the Rainbow

  • #81
  • Aug 8, 2008 12:54pm Aug 8, 2008 12:54pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Great idea madscalp...I had the same, but I use CCI. I went back and made a comparison for entries

Vertical lines (CCI crossing 0 signals) lg = LaGuerre signal
from left to right
#1 cci, s/r break, lg
#2 cci, s/r break, no lg
#3 cci, s/r break, lg
#4 cci, s/r break. no lg (for .75 level, wich is default would had been signal
#5 cci, s/r break, lg...price didn't come out of the blue...good for the wolf (scalping), no signal for the lion (riding the trend)
#6 cci, no s/r break, no lg = no trade

Looks that cci signals + s/r break give more trade signals and keeps you from the bad ones also.

EUR 2/0...42pip
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"Money is only a part of wealth" Q.
  • #82
  • Aug 8, 2008 1:38pm Aug 8, 2008 1:38pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Vertical lines = CCI signals

#1 cci, s/r break, no lg
#2 cci, s/r break, lg
#3 cci, s/r break, no lg
#4 cci s/r break, no lg
#5 cci s/r break, lg under .15...good for the wolf, not good for the lion
#6 cci. no s/r break, no lg = no trade

GBP...1/0...57pip
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"Money is only a part of wealth" Q.
  • #83
  • Aug 8, 2008 1:57pm Aug 8, 2008 1:57pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Vertical lines = CCI signals

#1 cci, s/r break, lg
#2 cci, s/r break, no lg
#3 cci, s/r break, lg
#4 cci, no s/r break, no lg = no trade

JPY...2/0..10+28=38pip

Session total...5/0...100%....42+57+38 = 138 pips

This is getting better
Q
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"Money is only a part of wealth" Q.
  • #84
  • Aug 8, 2008 2:31pm Aug 8, 2008 2:31pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting fxRichard
I do this every day on a 1sec timeframe with big lots, minimal risk as market exposure is minimal, and bring home amazing returns.
Sounds amazing....I use my formula to calculate the size of the trade by the size of the acct, risk % for a trade and SL. At my SL20 and 4% risk and $100.000 acct I can trade 20 Lots and make 2% minimum (TP10pip) = $2,000 on a trade. That's fantastic if would be 50 pip/day = 10%/day = $10,000/day
That's first day, the second day trade size would be 22 Lots, third 24.2...etc
At the end of the week the acct woud be at $161.051...a 61% grow in a week.
What kind of risk do you use?
"Money is only a part of wealth" Q.
  • #85
  • Aug 8, 2008 2:51pm Aug 8, 2008 2:51pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting sf0d
Hey man I was looking at other forums on this kind of trading and found this and so far it seems like the signals this thing has been sending seems right, you just need to flip between time frames because it some times has like 5 or so arrows right next to each other and I'm thinking this is what people are talking about on it not repainting.

I just figured you could look at it tell me what if you think its dead on or not.
Thanks sfOd...this indicator is fantastic....it picks the exact peaks and dips....used in dir of the trend with a filter for trend reverse you have a system. Awesome...I'll work on it
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"Money is only a part of wealth" Q.
  • #86
  • Aug 8, 2008 3:01pm Aug 8, 2008 3:01pm
Here's the source code in case you are someone else would like to tweak it.
Attached File(s)
File Type: mq4 super signals.mq4   1 KB | 1,427 downloads
  • #87
  • Aug 8, 2008 3:03pm Aug 8, 2008 3:03pm
Quoting 4xq
Thierry, I took that because the price on 1min just came out of the colors from a retracement, the trend on 1min and 5min was up, price was on top of MA(12) and just passed the last peak at 65. It had all my conditions, but turned to be one of the losing trades today because the trend reversed right after that.
As I posted before, I still have problems with the end of trend signals and I need someething to filter that out.
See in the pics....any idea?
If you look at the 5 min chart the price action shows that there was a previous swing high, avoid taking trades going into swing high or lows as it was a previous s/r level
  • #88
  • Aug 8, 2008 3:30pm Aug 8, 2008 3:30pm
An eye on the pivot point also helps to see potentil s/r barriers as eur/usd and gbp/usd pairs obey pivots well
  • #89
  • Edited 4:24pm Aug 8, 2008 4:00pm | Edited 4:24pm
Quoting 4xq
Cyrox sells for about $600...i like to make my own systems, that's where the beauty is, in the journey, in discovery...that's what a real man do, achieve something great. That is what today's generation lost. Edison didn't buy the bulb, learn it or steal it, he tried thousands of times until succeeded. btw i'm an inventor too, that's why i have this mentality.
Q
The elements of trading the rainbow effectively are freely available. I did not pay $600 to learn to trade it. The path that your walking has been tried and mastered years ago. There are two ways to learn my friend. On your own which is time and money, or from others who are successful. I choose to learn from people who are successful.

There is one big fundamental element that is missing from your efforts but since you have the time, money and patience to find it on your own -- good luck.
  • #90
  • Aug 8, 2008 4:15pm Aug 8, 2008 4:15pm
Quoting dunlop432
The elements of trading the rainbow effectively are freely available. I did not pay $600 to learn to trade it. The path that your walking has been tried and mastered years ago. There are two ways to learn my friend. On your own which is time and money, or from others who are succesful. I choose to learn from people who are succesful.

There is a big fundamental element that is missing from your efforts but since you have the time, money and patience to find it on your own -- good luck.

  • #91
  • Aug 8, 2008 5:37pm Aug 8, 2008 5:37pm
Bonjour à tous

"Super signal" seems too good to be true and I believe that this indicator repainted the past so take care
Laguerre seems more efficient, less profitable but more reliable
  • #92
  • Edited 9:31pm Aug 8, 2008 6:04pm | Edited 9:31pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting megamo
If you look at the 5 min chart the price action shows that there was a previous swing high, avoid taking trades going into swing high or lows as it was a previous s/r level
You're right, I should had waited for the price to pass that peak, wich was a s/r level from the 5min too. I fixed that the next day
Thx for the input
"Money is only a part of wealth" Q.
  • #93
  • Aug 8, 2008 6:51pm Aug 8, 2008 6:51pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting dunlop432
The elements of trading the rainbow effectively are freely available. I did not pay $600 to learn to trade it. The path that your walking has been tried and mastered years ago. There are two ways to learn my friend. On your own which is time and money, or from others who are successful. I choose to learn from people who are successful.

There is one big fundamental element that is missing from your efforts but since you have the time, money and patience to find it on your own -- good luck.
Thanks, the thing is that I enjoy a good challenge, and maybe the result of this will be something different than cyrox, maybe better. I don't like black boxes like Autopilot that you don't know what is going on, I use to program computers and robots years ago.
Like you say I have the time, money, endurance, patience, and I'm bored, I have nothing else to do, my EA's make money all the time. I used to trade comodity futures many years ago on paper charts, or I made my own paper charts, drawing lines and get the numbers from the newspaper...that was fun ...now with this EA's I'm bored to death so I decided to give back to the world...something everyone should do because giving is better than taking...makes you more happy....actualy by giving, you receive something greater, all the time...that is a very important fundamental each individual has to find for himself.
As for the fundamental for this sys, I'll find it...that's fun thaks for pointing that out for me mate.
Best learning is hands on, by experience, there is nothing that can substitute experience. Edison didn't learn from anybody, and he never graduated from grade school...same with Rokefeller...Charles Chaplin, and I can give you about 15 names of similar people like that.
There are two types of people, leaders and folowers

Cheers mate,
Q
"Money is only a part of wealth" Q.
  • #94
  • Aug 8, 2008 6:57pm Aug 8, 2008 6:57pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting Thierry89
Bonjour à tous

"Super signal" seems too good to be true and I believe that this indicator repainted the past so take care
Laguerre seems more efficient, less profitable but more reliable
Good point Thierry, should be forward tested, thx
"Money is only a part of wealth" Q.
  • #95
  • Aug 8, 2008 7:13pm Aug 8, 2008 7:13pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Now, this is the end of a good week for this baby sys...the score

Trades: 34/3 => 92% wins => 469 pips

I think it is pretty good for the first week of a sys in construction, but i won't go live for less than 100%

Have a good weekend everybody
"Money is only a part of wealth" Q.
  • #96
  • Aug 8, 2008 7:14pm Aug 8, 2008 7:14pm
Has anyone here actually observed it in real time? Unfortunately, I did not see this in the thread till after closing this afternoon. Will hate to wait until sunday night to know (but of course, patience is key in trading, isn't it?)

But I am in agreement - appears to good to be true. Perhaps it paints several bars back, although, I have an up arrow on the last bar of the day today in the EURUSD. Will have to watch that once the market opens sunday night....

4xp, what is your feel on the cci+lag? It does seem that the lag signals later, but perhaps less whipsaw? Interested in your view, and thanks again for the great thread.

Sentinel
  • #97
  • Aug 8, 2008 7:50pm Aug 8, 2008 7:50pm
Quoting 4xq
Now, this is the end of a good week for this baby sys...the score

Trades: 34/3 => 92% wins => 469 pips

I think it is pretty good for the first week of a sys in construction, but i won't go live for less than 100%

Have a good weekend everybody
Thank you for this system. Are you using CCI 14 or 54?

Also illustrate how you determine which peak or valley to use for S/R.
  • #98
  • Aug 8, 2008 8:24pm Aug 8, 2008 8:24pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting dunlop432
.There is one big fundamental element that is missing from your efforts but since you have the time, money and patience to find it on your own -- good luck.
I take two guesses for that ...my risk/reward ratio is not great, but I'm working on that. SL20 TP10 I mean. I have SL20 there in case a war starts or the Antichrist takes over the world, actually my trade manager EA handles the stops, breaks even at the worst usually, so the stop is ajusted for each market. I use that SL20 to calculate TradeSize.
Second: If you talking about discipline, I don't need to learn that, I am German, I have that in my DNA ...I trade like a robot....Mann-Maschine, machine d'homme, máquina de hombre, dell'uomo-macchina, om masina, машина человека, ember gép...etc
Just western societies lost that and need to learn it again. the ancient civilizations know it...the indians, japs and the chinese will take over the world soon, in a way or another, but most likely economically.
So, how am I doin' ?

Play chess...when you're master it play GO...that's what the grandmasters do.
Q
"Money is only a part of wealth" Q.
  • #99
  • Aug 8, 2008 8:53pm Aug 8, 2008 8:53pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting sentinel
4xp, what is your feel on the cci+lag? It does seem that the lag signals later, but perhaps less whipsaw? Interested in your view, and thanks again for the great thread.
You're welcome
Looks to me as you see in my today's 3 charts that CCI+s/r break gives more entry signals than LG, and keeps the bads at bay...the result would be more trades, so more profitable. Seems that LG gived less signals, so you have to wait longer, keeps you out of bad trades and is very good for exit when goes over. 75 in down trend or under .15 in up trend.
If SS (super signal) works, I will use that instead of CCI...I am a fan of CCI, as works as an indicator and an oscilator too, depends how you read it...cross 100 or 0. LaG seems to do the same job, showing owerbought/oversold, change in dir...etc, but calculates differently
Fwd testing will tell...if anyone tests anything please post it here, I'm sure will be apreciated by all
"Money is only a part of wealth" Q.
  • #100
  • Aug 8, 2008 9:22pm Aug 8, 2008 9:22pm
  •  4xq
  • | Joined Jun 2008 | Status: In This Sign You Shall Conquer | 281 Posts
Quoting aelimian
Thank you for this system. Are you using CCI 14 or 54?
Also illustrate how you determine which peak or valley to use for S/R.
You're welcome
CCI 14...I put s/r on the last good peaks in an up trend and use only the recent couple ones, and for major s/r a good idea is pivots and trend swing lines from the 5 min chart. Gives good safer entries and keeps the sys not to enter in the loosers if a peak line is not passed. But don't take it if a major s/r line is just above, wait for that to be passed up or if bouces back = no entry. Reverse for down trend
Works better until you get the feel for it toghether with CCI signals...cross 0 in the dir of the trend=change of dir back in the dir of the trend.

Still to be tested more
Cheers, Q
"Money is only a part of wealth" Q.
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