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RSI & CCI system

  • #81
  • May 17, 2009 2:02am May 17, 2009 2:02am
Quoting hybrid
Looks like a pretty good indie. Could you attach a copy for us to play with
Thanks

There's no problem, but I have to say that I have used ProrealTime for creating this indicator because with Metatrader I am not good.

For trading I use Mt4, but for testing system I use a demo of ProRealTime because the language is so simple.
Attached Image (click to enlarge)
Click to Enlarge Name: indi.gif Size: 19 KB
  • #82
  • May 17, 2009 5:43am May 17, 2009 5:43am
For FTSE trading I used 8 & 21.. once I figer out how to post a screen shoot on here I put a few trades that I took on live account..

Danny
  • #83
  • May 17, 2009 9:01am May 17, 2009 9:01am
Quoting stark
There's no problem, but I have to say that I have used ProrealTime for creating this indicator because with Metatrader I am not good.

For trading I use Mt4, but for testing system I use a demo of ProRealTime because the language is so simple.
Thanks Stark. Seems simple enough I'll see if someone's willing to convert it to MT4. I'm more of a web dev, so C# is not my forte. But you're right, RealTime does seem simple. Unfortunately it costs $$$ and there are no broker demos... What feed do they use? 3rd party like eSignal or broker-specific?

Marco
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  • #84
  • May 17, 2009 9:05am May 17, 2009 9:05am
Quoting rebelheart
For FTSE trading I used 8 & 21.. once I figer out how to post a screen shoot on here I put a few trades that I took on live account..

Danny
Excellent-o! Thanks. I suspected as much, the combo gives the most reliable confirmation. I'll see if I can test run-it with EMA13/25 on an ECN fx connection.

To take/post screenshots, I usually just do ALT-print screen to capture it, ctrl-V to paste in an imaging program like Photoshop, save it as medium quality JPEG and attach it here during the posting process.

Marco
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  • #85
  • May 17, 2009 9:31am May 17, 2009 9:31am
Quoting rebelheart
For FTSE trading I used 8 & 21.. once I figer out how to post a screen shoot on here I put a few trades that I took on live account..

Danny
You mean RSI 8 and CCI 21?
  • #86
  • May 17, 2009 9:41am May 17, 2009 9:41am
Quoting hybrid
Thanks Stark. Seems simple enough I'll see if someone's willing to convert it to MT4. I'm more of a web dev, so C# is not my forte. But you're right, RealTime does seem simple. Unfortunately it costs $$$ and there are no broker demos... What feed do they use? 3rd party like eSignal or broker-specific?

Marco
I have said ProRealTime, but the platform " Advance Trader " of ACM use the same language of Prorealtime.

So for timeframe daily and weekly I use ProRealTime that is free.

For timeframe intraday I am using the free demo of ACM.
  • #87
  • May 17, 2009 9:48am May 17, 2009 9:48am
Quoting stark
I have said ProRealTime, but the platform " Advance Trader " of ACM use the same language of Prorealtime.

So for timeframe daily and weekly I use ProRealTime that is free.

For timeframe intraday I am using the free demo of ACM.
Ah right, I'm more of a (calculated) scalper, so I would need pro real-time...in real-time.

Marco
-//-
  • #88
  • May 29, 2009 2:49am May 29, 2009 2:49am
I have an idea to improve this and i hope someone with the programming skills can backtest for the result because i'll require more backtesting then just a few days' worth of backtesting(am doing it manually currently)

I made some alterations to this system

Time frame 5 minute
RSI 6 with a line at 50
CCI 21 with a line at 0
TEMA 30

Initiate a long on next candle ONLY when RSI 6 above 50,CCI 21 above 0.Candle above TEMA30

Initiate short for the reverse

Take profit at 15-20 pips(please help me to test both 15 and 20 and the win/loss ratio for it)
Stoploss 15-20 pips.

Trade only during Asia and Europe Timing. No trade once DJ is open.

Thanks,please email me when the results are in.
MSN : [email protected]

I am currently already using a system that nets me decent pips per mth to go full time but i am testing around to see how i could cut down my monitoring time and enjoy my life to the fullest.
  • #89
  • May 29, 2009 9:13am May 29, 2009 9:13am
Thierry, I have a qestion: Are You still using this method? Because it's been a long time since You post here last time, any updates/news about this system?
Regards,
Gutek
  • #90
  • Jul 21, 2009 1:57pm Jul 21, 2009 1:57pm
Thierry, can you please send me a private message or write me an email to rodgutie @ gmail. I would like to ask you a couple of things about this system.

Today it was very profitable. I was able to get 170 pips out of 345 that met the RSI&CCI Criteria on this pairs: CAD/JPY, CAD/USD, USD/JPY, EUR/JPY and EUR/USD.

I use: RSI 8/50/50 and CCI 14/100/-100

I waited for the Candle to close above or below 0 CCI and 50 RSI.

Any help with the system or other values to be more sure on entries and comments are very appreciated.

This system is great, very simple.

Thanks to all!
  • #91
  • Jul 22, 2009 1:52pm Jul 22, 2009 1:52pm
Quoting Rodrifx
Today it was very profitable. I was able to get 170 pips out of 345 that met the RSI&CCI Criteria on this pairs: CAD/JPY, CAD/USD, USD/JPY, EUR/JPY and EUR/USD.
Hi Rodrifx,

I'd like to know if you were trading one currency pair at a time or multiple pairs simultaneously to get the 170 pips in a day.

Also over the long term do you think using only CCI and RSI can sustain such profitability or will most of the profits be lost during choppy periods?

Thanks.
  • #92
  • Jul 23, 2009 11:31am Jul 23, 2009 11:31am
Quoting a777
Hi Rodrifx,

I'd like to know if you were trading one currency pair at a time or multiple pairs simultaneously to get the 170 pips in a day.

Also over the long term do you think using only CCI and RSI can sustain such profitability or will most of the profits be lost during choppy periods?

Thanks.

Hello a777!

I was trading all those currencies I mentioned on my last post, on the 15 minute charts (yeah, very risky, but wanted to prove Thierry's method with 1 size lots) .
On my opinion, I feel that using less than 15 minutes charts can give a lot of false signals and waive noise. Today, I was able to get into the EUR/USD and USD/CAD Rally to get 110 pips.

I have been using only Resistance and Support levels to get in and out for the last three months and it has worked. Now, I am using Support & Resistance joined with the system Thierry shared with us. Both are very simple to understand, to use and to monitor.

For Exits, I use support and resistance levels. Maybe I get out with a 50 pip profit and the currency goes to +100 pips....but I prefer defensive trading to greedy trading.

Let me attach my trade from today.

EUR/USD - 15 Min charts - Today.

Explanation: The price hit a three bottom resistance level. I entered the trade at 1.4191. Two candlesticks later, the price meets RSI 50 and CCI 0 at the same time, so I was sure my trade was good and the resistance supported the price change. This was a 61 pip profit.
Good enough for today!
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD-07-23.JPG Size: 175 KB
  • #93
  • Jul 23, 2009 11:57am Jul 23, 2009 11:57am
Quoting Rodrifx
Hello a777!

I was trading all those currencies I mentioned on my last post, on the 15 minute charts (yeah, very risky, but wanted to prove Thierry's method with 1 size lots) .
On my opinion, I feel that using less than 15 minutes charts can give a lot of false signals and waive noise. Today, I was able to get into the EUR/USD and USD/CAD Rally to get 110 pips.

I have been using only Resistance and Support levels to get in and out for the last three months and it has worked. Now, I am using Support & Resistance joined with the system Thierry shared...
This is the USD/CAD trade for today. Entered on strong support level. Secondary confirmation of good trade, RSI and CCI met. 98 pip winning trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USD-CAD-07-23.JPG Size: 108 KB
  • #94
  • Jul 23, 2009 12:52pm Jul 23, 2009 12:52pm
This is a great document with 7 different ways to see Support and resistance levels.

After this 7 types are memorized, you will see them very often on the charts.

http://www.babypips.com/school/pattern_schmatterns.html

Thanks babypips, great material.
  • #95
  • Jul 23, 2009 5:57pm Jul 23, 2009 5:57pm
Quoting Rodrifx
This is the USD/CAD trade for today. Entered on strong support level. Secondary confirmation of good trade, RSI and CCI met. 98 pip winning trade.
Hi Rodrifx, thanks for posting the charts and the link to babypips, was wondering why you did not take the trade at around 3 oclock on your chart, when cci & rsi crosses the red line.. just asking so I can learn not to be a pain..

Thanks Danny
  • #96
  • Jul 23, 2009 6:17pm Jul 23, 2009 6:17pm
hey guys topic is really nice and the system is similiar to mine..because i was using only RSI in H1 and H4..

can any1 write an EA Thierry's system ? in M5..it would be wonderfull..thanks
  • #97
  • Jul 23, 2009 8:07pm Jul 23, 2009 8:07pm
Quoting rebelheart
Hi Rodrifx, thanks for posting the charts and the link to babypips, was wondering why you did not take the trade at around 3 oclock on your chart, when cci & rsi crosses the red line.. just asking so I can learn not to be a pain..

Thanks Danny
Danny thanks for the comments and don't worry. I like to help on whatever I can. Actually I didn't took that one cause I was sleeping.
I am in US Mountain Time, but considering the crosses, that was a good one to take.

I will post tomorrow's trades on the three currencies I trade: USD/CAD, EUR/USD and EUR/JPY.
  • #98
  • Jul 24, 2009 1:34am Jul 24, 2009 1:34am
great estrategy, i have been doing studies on my own for about six months,trying to develop a strategy thats works, few weeks back i decided to put both together cci and rsi as a trade confimation to bars/chart patterns & support/ resistance using the same method you have been using on Ihr & 4hr time frames in a similar but slightly diferent way,amazing it a great system.love to have more charts from you so enhance my studies
  • #99
  • Jul 24, 2009 4:15am Jul 24, 2009 4:15am
Thanks for the reply Rod, that would be great if you could keep posting your trades, hope you dont mind me asking, do you trade full time.

All the best from Ireland

Danny

The wise man knows, what he does'nt know.
  • #100
  • Jul 25, 2009 1:09pm Jul 25, 2009 1:09pm
Quoting rebelheart
Thanks for the reply Rod, that would be great if you could keep posting your trades, hope you dont mind me asking, do you trade full time.

All the best from Ireland

Danny

The wise man knows, what he does'nt know.
Danny, I am still not a full time trader. With a Family of my own, I am still in my comfort zone with a regular job. I am making some savings and polishing my trading strategy to be full time very soon.
Having a regular job makes me miss some trades, but my short-term goal is to turn a full time trader by the end of this year.

Have a good weekend. Rod.
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