Sorry, I don't care how successful the guy and his team is, to hide prices is the dumbest thing ever.
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It doesn't really matter how you trade, as long as you test your edge and it's successful. If that's the case, and hiding price is part of that edge, then why would it be dumb? It's not.
That's the basis behind Woody's patterns -- he's used it enough and tested it enough to feel that he doesn't need prices. Matter of fact, prices just mess him up emotionally.
The best thing you can do with indicator-based systems is actually to hide prices. It eliminates emotion... totally. It forces you to just follow your plan.
Hi Mart-Hart could you let me know wich charting package or broker are you using for the woodies cci. I been trayng to learn it but can't find where to find one that shows the patterns like the ones you show. Thanks
Hi Mart-Hart could you let me know wich charting package or broker are you using for the woodies cci. I been trayng to learn it but can't find where to find one that shows the patterns like the ones you show. Thanks
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Sure, It’s good old Met4.
I have attached the indicator package with a template that will give you a start and then you can set it up how you like.
I'm not sure that I agree that cci is a lagging indicator in the accepted sense. Sure, most indicators just tell you what price has just done and some give you an indication of what MIGHT possibly happen next, that's surely how to be profitable in trading, following your favourite indicator, keeping losses small and letting the times your indicator was right make you some pips?
I think cci follows the price action very closely and makes pretty patterns that you can use to give you a clue of what the next move may possibly be.
That being the case though couldn't an argument be made that simply following PRICE ACTION itself would be just as profitable? A good candle follower with some ma's could probably do just as well?
Do you have a system for trading Constant Range Bars with?
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Exuse me, but what you mean as "system" ?
If "trade strategy" - I working with Woodie's CCI.
If "terminal system" - I have demo account on NinjaTrader, and I have selfdesigned converter to RangeBars for MetaTrader4. And WoodiesCCI indicators set.
Exuse me, but what you mean as "system" ?
If "trade strategy" - I working with Woodie's CCI.
If "terminal system" - I have demo account on NinjaTrader, and I have selfdesigned converter to RangeBars for MetaTrader4. And WoodiesCCI indicators set.
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hi kardamon,
is the constant range bars indicator for metatrader sharable? or maybe you know of a free version somewhere? i've been looking for a while for such an indicator but i can't seem to come across it.
