RSI & CCI system | Forex Factory

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RSI & CCI system

  • #1
  • First Post: Edited 11:56am Jan 27, 2009 8:13am | Edited 11:56am
Bonjour à tous

Firstly, I am French so be indulgent with my basic English please.

I would like to share with you an efficient system based on the RSI and CCI indicators.
CCI is used by all of us as trend indicator and RSI as oscillator.
I got more than 400 pips in two days with it.
I used this system in TF 5mn with eur/usd, usd/chf, eur/yen and gbp/usd

RSI 8
CCI 14

Buy entry when candle closed and RSI is above 50 and CCI above 0

Sell entry when candle closed and RSI is below 50 and CCI below 0

Exit on RSI reverse signal, trailing stop or TP.

This system is not perfect so take care.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 17 KB
  • #2
  • Jan 27, 2009 9:27am Jan 27, 2009 9:27am
EUR/YEN in TF 5mn with a potential gain of 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur-yen.gif Size: 12 KB
  • #3
  • Jan 27, 2009 9:32am Jan 27, 2009 9:32am
Interesting. Thanks for the post.
Trade Garlic
  • #4
  • Jan 27, 2009 9:51am Jan 27, 2009 9:51am
I do not use it but EUR/GBP seems very good
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp.gif Size: 13 KB
  • #5
  • Jan 27, 2009 9:59am Jan 27, 2009 9:59am
Quoting Thierry89
I do not use it but EUR/GBP seems very good
Just a tip, if you put on 55 and 45 lines on the RSI, you have a pretty good enter signal for your trade.

D.
  • #6
  • Jan 27, 2009 10:14am Jan 27, 2009 10:14am
Quoting DirkH143
Just a tip, if you put on 55 and 45 lines on the RSI, you have a pretty good enter signal for your trade.

D.
Hi DirkH143,

And between 45 and 55, no entry ?

I opened a trade on GBP/USD 4:25 PM (Paris) 1.4091
Stoploss reported to breakeven and trailing stop running
  • #7
  • Jan 27, 2009 10:17am Jan 27, 2009 10:17am
Quoting Thierry89
Hi DirkH143,

And between 45 and 55, no entry ?

I opened a trade on GBP/USD 4:25 PM (Paris) 1.4091
Stoploss reported to breakeven and trailing stop running
Correct, Between 55 and 45 no trade. When it falls below 45 go short and above 55 go long. I hope it helps.

Any other questions, let me know.

D.
  • #8
  • Jan 27, 2009 11:03am Jan 27, 2009 11:03am
Will check it out.
  • #9
  • Jan 27, 2009 11:52am Jan 27, 2009 11:52am
Quoting paradoxical
Will check it out.
To much false signals !
  • #10
  • Jan 27, 2009 11:58am Jan 27, 2009 11:58am
Quoting eTrader
To much false signals !
Yes but small losses
  • #11
  • Jan 27, 2009 12:16pm Jan 27, 2009 12:16pm
Thierry89,

Did you trade this system today, how many pips did you get and on what pairs did you trade?
  • #12
  • Jan 27, 2009 12:23pm Jan 27, 2009 12:23pm
Quoting Thierry89
Yes but small losses
Firstly thanks for the system Thierry. Very simple and can be effective if well managed. I traded it only taking trades in the direction of the trend (determined by 200 EMA) and seemed to work well thus far.
  • #13
  • Jan 27, 2009 12:37pm Jan 27, 2009 12:37pm
i am very interesting in this simple, but effective method. I have made a simple template for this as attached. And i think two points are needed.

1). Must let the profit runs as much as it can.
2). Must have strong Stop Loss when fake signal appears.

Let's talk about this way.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_5M.JPG Size: 87 KB
Anthony Yang's Forex Account Management Service @Post 54F
  • #14
  • Jan 27, 2009 12:47pm Jan 27, 2009 12:47pm
Quoting Noel
Thierry89,

Did you trade this system today, how many pips did you get and on what pairs did you trade?
Hello Noel

Yes I did and I got more than 300 pips on eur/usd, eur/yen and gbp/usd but I used RSI with parameter above/below 50 and not 45/55
  • #15
  • Jan 27, 2009 12:54pm Jan 27, 2009 12:54pm
Excellent system Thierry
  • #16
  • Jan 27, 2009 1:00pm Jan 27, 2009 1:00pm
Thanks for sharing this system. I like it.

  • #17
  • Jan 27, 2009 1:03pm Jan 27, 2009 1:03pm
Quoting Thierry89
Hello Noel

Yes I did and I got more than 300 pips on eur/usd, eur/yen and gbp/usd but I used RSI with parameter above/below 50 and not 45/55

Hi, Thierry89, can you show me the trades you have done recently?
I focus on how many trades win & how many lose.what's the proportion?

Pls say something about this.
Anthony Yang's Forex Account Management Service @Post 54F
  • #18
  • Jan 27, 2009 1:40pm Jan 27, 2009 1:40pm
Quoting long_a17
Hi, Thierry89, can you show me the trades you have done recently?
I focus on how many trades win & how many lose.what's the proportion?

Pls say something about this.
This is my 3 last trade on GBP/USD

Buy and exit on trailing stop
Sell and exit on reverse signal (green)
Buy and exit on sell signal and end of day for me

The proportion is not high (55/60) but the losses size are not important in TF 5mn.

I research another filter in order to improve this system as EMA or trend channel for example.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 17 KB
  • #19
  • Jan 27, 2009 4:06pm Jan 27, 2009 4:06pm
I added an ADX candle and I will try with this additionnal indicator as from tomorrow but it seems good.

Change default Period/signal_Level 14/21 to 14/1

Green = uptrend
Red = Downtrend
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 14 KB
Attached File(s)
File Type: ex4 ADX Candles.ex4   6 KB | 3,799 downloads
  • #20
  • Jan 27, 2009 4:19pm Jan 27, 2009 4:19pm
Quoting Thierry89
I added an ADX candle and I will try with this additionnal indicator as from tomorrow but it seems good.

Change default Period/signal_Level 14/21 to 14/1

Green = uptrend
Red = Downtrend
Thierry89,

Nice simple system.
Can you post the coloured RSI indicator you have on your chart.

Many thanks.
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