RR CCI, RSI, HA Expert Advisor

Hello RR,

Please let us continue the work you are doing on the FX Prime2 EA here. There is great potential in that EA.

Regards.

Hi

I am keen to assist in further development of this ea. Before we get into the coding I think we must all agree on
1. An entry rule or rules.
2. Exit rules
3. Money mangement.

Lets get these first, then it is easy to do the ea. Even on the manual system there are problems as to SR and fibs. I dont know how to code these 2 into a system as I eyeball them on the chart.

Spend a bit of extra time on the definition and then the coding. Prevents having Rev1232 + of the program.

GAC

Hello Guys,

All the indicators needed for the system are in the first message of the thread.
http://www.forexfactory.com/showthread.php?t=114258

Long Trade
CCI 170 Over the 0 Line showing uptrend
CCI 34 Over 0 line as well showing uptrend
Heiken Ashi Turns Blue
RSI over 55 <------ VERY IMPORTANT dont enter if its in between the 45-55 zone (45-55) IS DANGER DO NOT ENTER ZONE once it crosses in the same direction take the trade.
5M TF Heiken Ashi must be showing bull trend.

Short Trade
CCI 170 under 0 line showing down trend
CCI 34 under 0 line showing down trend
Heiken Ashi turns red
RSI under 45 same as above dont trade when in the 45-55 zone
5M TF Heiken Ashi must be showing bear trend.

SL: 10PIP

TP: The rules says that you shoud close when CCI 34 goes back to 0(Cero).
But some times is better to take profit when it goes back to 100 or 200.

MM: Ther is no rule but I think 2% risk per trade is a good one.

Hope that helps.

RR's FXprime EA is based arround this. I am running it (demo) but not getting many trades. Will mod it and see if I can get better results. I also use QQE crossover at 50 for a confirmation in my manual trades -- seems to work.

GAC

Ronald Raygun...hey Ron,

First...do you think this strategy can be developed into a tradeable EA.
Second, do you have any plans to work further on the EA
Third, can we keep the entries pure as per the original strategy description, and
Fourth, can the exit strategy as detailed by Konstas be an option for exit strategy.

Cheers,
CanuckCT

Hi C

Could you please summerise Konstas's exit strategy.

thanks

GAC

This is what was posted....

when trading 170 crosses, I take profit in parts:
50pips - I close 50%
when profit reaches 100 pips, I close 40% more
then it comes to 150pips, I close 5%
200pips another 3%
250pips another 1%
300pips the last 1%

usually on 1m it doesn't go more than 300pips (last week it reached 350 once though). - these are basic rules

- of course if it crosses in opposite direction - I close everything.


I also trade 34 crosses, when it goes in the same direction (this is CD's sytem which everyone trades here) - I only SELL if 34 below 170 (both of them below zero-line on CD's CCI indic), and I only BUY if 34 is above 170 (both of them above zero-line on CD's CCI). here I take 25pips and that's it!!!

I don't care if it runs longer - cuz I have longer position already open (170cross). I take 25pips as it often retraces!


So....there are two types of trades.

The initial trade with 3ema crossing 170sma.
The other trade type is 3EMA crossing the 34SMA in the direction of the 170SMA trend.

Each trade type had a different exit strategy. And I suspect different pairs need different settings.

I don't have any more time to focus on this today..so hopefully I got it right.

Hope this helps.
CanuckCT

Thanks for that. I will work on it -- will have to give me a bit of time as I have to fit it in with my other programming work. Still working for a living -- not trading yet..http://www.forexfactory.com/images/icons/icon10.gif

GAC

Check out this forum for an EA. Havent tested it yet but it also has the source code. Also 5min and 1 min HAS.

http://www.tradingsystemforex.com/ex...system-ea.html

GAC