Fx Prime - Higher Timeframes

Some of us are having success of FXPrime as an M1 scalping strategy. It seems to me that the approach can be adapted to higher timeframes. So I start this thread - like I have the time for this!

If you don't know what FXPrime is, then I suggest you go here:
http://www.forexfactory.com/showthread.php?t=114258

I really don't want this thread to be a "how to" thread. Rather I see it as a place to discuss upcoming signals on H1, H4 and daily signals for all pairs. So if you have a bunch of questions about "How To", please go to the link above.

The first order of business is the indicators and what settings should apply to the higher timeframes. Once we get that sorted we can get to the business of collectively making the calls.

I don't plan to spend hours driving this thread. If there is interest, we'll go. If not, I'll close the thread.

Cheers
CanuckCT

hi CanuckCT!

It's a good idea!

I trade fxprime on 1h timeframe but my result are bad bad....

Can you help me to dertermine the good settings for the indicators!

thanks

why not post a trade and we'll discuss it.
Cheers
CanuckCT

I will help with this too, I will use 4hr as the 1m and daily as the 5m. I will start a demo sunday evening and post results as I trade.

So Hanoverfiste,

Do u think we leave all settings as is..or do we make adjustments. Right now the M1 x 5 is used for HA candles and CCI. If trading H1 would it be H1 x 4 and for H4 trading, use H4 x 6. I'll tinker with these and appreciate if you do the same...settings as is slows thing down and that may be a good thing as compared to say CCI of 14 and 100.

Since we have a bit more time to take the trades...I think we should try a bit in advance of the signal. Look at the setups the day before...let's see if that is possible.

And with the longer timeframes, I believe all pairs are fair game.

The other thing is trade types....trend change where CCI170 crosses zero and CCI34 crossing zero in direction of CCI170...both those should be valid signals.

Cheers
CanuckCT

Heikin-Ashi settings for 4 hour charts would be....2,6,3,2

You can also use that settings for Daily..


Glenn

I have been playing with settings on higher t/f , 15 min & 1 hr . Likely I would not look higher other than for long term trend & s/r areas . Holding trades overnight in todays current economic mess would make me very uneasy . So far what looks good is changing CCI to 34 & 13 . Have also tried 55 & 21 . I always set my numbers whether ma`s or indicators from fib`s . It works for me . Look at the 1 hr GBP/JPY with CCI at 34 & 13 Friday close . I have the T3 RSI but the regular mt4 one works as well . Well try to post a chart later today when I have time . CD`s system on the 1 min seems ideal for entry on these longer T/F .

A couple of H1 setups in the making...we'll see how they go.
Cheers
CanuckCT

H4 setup to watch

I have Backtested GBPUSD and works profitable, specially last months, that have been really trendy (Down). 51% Sl 49% Profit. I use 110 PIP SL and 150 PIP TrailStop to take profit. If not taken, then I wait until CCI34 cross Zero Again.


I change the 170 CCI to 85, so it gives moore entry points. Also I changed the RSI to Over 58 and Bellow 42 for entry poits.

To filter entries, I found that The Slope Direction Line Works Great, I wait until SDL is Blue for Buy and Red for Sell. If it takes more than to Bars, I dont take the ride.

The rest of the rules are the same of CD rules, cahnging parameters.

I show a picture with some entry signals that worked and some other that were filtered by SDL. I am now testing it in 1 Minute FXPrime. It seems that will work very nicely.

Atached the Indicator.



I hope we can do this System profitable in several Time Frames.