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RSI & CCI system

  • #41
  • Jan 28, 2009 3:40am Jan 28, 2009 3:40am
did you take a short on USD CHF? by the way how did you exit that long trade? did you just have a pre set profit target?
  • #42
  • Jan 28, 2009 4:02am Jan 28, 2009 4:02am
arubin,

The ADX seems to be a very good filter!

Thanks.
  • #43
  • Jan 28, 2009 4:35am Jan 28, 2009 4:35am
Thierry,

First I wanted to say this system looks very promising. Do you also use the ADX candle to confirm your entry? Looks safer.
txtaz
  • #44
  • Jan 28, 2009 5:05am Jan 28, 2009 5:05am
Quoting txtaz
Thierry,

Do you also use the ADX candle to confirm your entry? Looks safer.
Hello txtaz

Yes I do.
  • #45
  • Edited 5:21am Jan 28, 2009 5:11am | Edited 5:21am
Quoting arubin
did you take a short on USD CHF? by the way how did you exit that long trade? did you just have a pre set profit target?
No I didn't and my long target was the first resistance 1.1437
Greed is an ugly sin and you must take care to all S/R
  • #46
  • Jan 28, 2009 5:43am Jan 28, 2009 5:43am
The first screenshot show us an uptrend in 15mn with the channel trend so I have not take the short signal in 5mn.
I think that we should not follow blindly all signals and I took a profit of 38 pips in this long trade.

Total profit 8h00-14h00 (Paris) +167
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-yen.gif Size: 16 KB
Click to Enlarge Name: eur-yen 2.gif Size: 17 KB
  • #47
  • Jan 28, 2009 6:09am Jan 28, 2009 6:09am
Another great long signal . gbp/usd TF15mn
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 18 KB
  • #48
  • Jan 28, 2009 6:35am Jan 28, 2009 6:35am
Bonjour Thierry,

Thank you for sharing your system. I have a couple of questions here :
1. Are you trading manually or through an Expert Advisor ?
2. If you are running an EA, can you show us some backtesting statements.
3. How do you exit tardes : TP, reverse signals, or trailing stops ? Which one is the most triggered ?

Merci encore pour votre volonté de partager vos travaux.

Thanks a lot.
  • #49
  • Jan 28, 2009 6:38am Jan 28, 2009 6:38am
Par la męme occasion Thierry, je peux programmer mon propre EA. J'attend just que le monde dans ce forum s'accorde sur un ou un ensemble d'indicateur (s) pour confirmer les bons "Trades".

Merci.

Lemans
  • #50
  • Jan 28, 2009 6:44am Jan 28, 2009 6:44am
Quoting lemans
Bonjour Thierry,

Thank you for sharing your system. I have a couple of questions here :
1. Are you trading manually or through an Expert Advisor ?
2. If you are running an EA, can you show us some backtesting statements.
3. How do you exit tardes : TP, reverse signals, or trailing stops ? Which one is the most triggered ?

Merci encore pour votre volonté de partager vos travaux.

Thanks a lot.
Bonjour lemans

1. Manually only
2. No, I do not like EA and no, my live statements are simply confidential
3. I used TP, reverse signal, trailing stop and I think that the most triggered is the reverse signal but the losses are not important in TF5mn.
  • #51
  • Jan 28, 2009 6:48am Jan 28, 2009 6:48am
Another signal based on a divergence
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 18 KB
  • #52
  • Jan 28, 2009 7:07am Jan 28, 2009 7:07am
Two short signals based on divergence

One loss of 10 pips and the second still in profit
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 18 KB
  • #53
  • Jan 28, 2009 7:14am Jan 28, 2009 7:14am
A buy signal based on hidden divergence
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 17 KB
  • #54
  • Jan 28, 2009 8:51am Jan 28, 2009 8:51am
long_a17
Member
Quoting long_a17....
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.
====

Could u attach the template and its indicators for use at the earliest, it will
help all the members, with little guidance..thx.

28th jan 09
  • #55
  • Jan 30, 2009 5:09am Jan 30, 2009 5:09am
Just wondering if anyone has been trading this system and if so how is everything going?
  • #56
  • Jan 30, 2009 6:38am Jan 30, 2009 6:38am
you cant use CCI and RSI on the same time , bcs they tell the same story.
better learn to use CCI alone

regards,
CCI user
  • #57
  • Feb 1, 2009 12:52am Feb 1, 2009 12:52am
I have been experimenting with something similar and if you put the CCI inside the custom RSI, it makes it easy to catch at a glance.
Attached Image (click to enlarge)
Click to Enlarge Name: cci.jpg Size: 758 KB
Starting to see instead of just looking.
  • #58
  • Feb 2, 2009 3:00am Feb 2, 2009 3:00am
Hello Rastaman

Your suggestion is a great idea And a good profit with gbp/usd

CCI 14
RSI 14 50/50
CCI 10 (Divergences)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 18 KB
  • #59
  • Feb 2, 2009 3:19am Feb 2, 2009 3:19am
could you explain it a little bit more? how do you use it?
thank you guys1
  • #60
  • May 13, 2009 9:07pm May 13, 2009 9:07pm
Interesting post Thierry. Pretty decent system indeed!

However, you'll find if you use CCI of 21, you'll filter out quite a few fake-outs. Sure you may lose a pip or 2 on a slightly late signal, but at least the signal will be affirmative.

Marco
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