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FX-50 Great Scalping System

  • #2,421
  • Jul 19, 2009 3:12pm Jul 19, 2009 3:12pm
Hey Kino,

I have some idea regarding possible entry setup.
All I look at is:
1/ ZigZag pointer
2/ BrainTrend4Sig dot
3/ CCI 89 crossing 0 level
4/ dot on FXprime.

Important: all this must happen within about 15 candles (backtested on M1 and M5).
I'm looking for alert when all conditions are true within certain amount of time (eg. 15 candles).

Attached Image


Let me know if you'd be able to code it.

The Zigzag pointer with alert and nicer DoubleCCI with SMA are attached.
The rest was attached before in this thread, I'm sure you have it.
Thanks.
Attached File(s)
File Type: mq4 DoubleCCI-With_SMAvbobslowVK.mq4   7 KB | 1,190 downloads

Attached File(s)
File Type: mq4 ZigZag_Pointer_alert_only at turning points.mq4   5 KB | 1,142 downloads
  • #2,422
  • Jul 22, 2009 1:31am Jul 22, 2009 1:31am
Dear Kinonen .200 lines coding is not required. Enough of M1, M5, M15.M30, H1
  • #2,423
  • Jul 22, 2009 7:17pm Jul 22, 2009 7:17pm
I have been using the JE Ribbon system and have found it very good. I would like to share what I have found to be the real power in the system. I found using the TF1 ribbon allows you to be caught up too much in the whipsaw effect. I have found the real power to be in the TF5 ribbon. To be more precise - when the Tick Ribbon moves above and below the TF5 Ribbon. (I have found it easier to just have a 13 ema instead of the Tick Ribbon). Trading these ribbons provides very good risk/reward ratios most of the time and lets you cut your losses short and your profits run. I also use the double cci with sma with settings of 480 for the trend cci and 200 for the sma - this provides a very good filter for removing the crosses that dont go anywhere. S&R levels are important for exits along with Fib Extentions. It is the best system I have used and has produced consistent good profits. Below is an example of how it even works in a relatively flat market.

http://i5.photobucket.com/albums/y16...vot_210709.jpg
...20% method, 80% mindset...
  • #2,424
  • Jul 22, 2009 7:39pm Jul 22, 2009 7:39pm
Hi there...

Care to share your lovely template.....TQ

Cheers...

Quoting dbz
I have been using the JE Ribbon system and have found it very good. I would like to share what I have found to be the real power in the system. I found using the TF1 ribbon allows you to be caught up too much in the whipsaw effect. I have found the real power to be in the TF5 ribbon. To be more precise - when the Tick Ribbon moves above and below the TF5 Ribbon. (I have found it easier to just have a 13 ema instead of the Tick Ribbon). Trading these ribbons provides very good risk/reward ratios most of the time and lets you cut your losses short...
  • #2,425
  • Jul 22, 2009 8:31pm Jul 22, 2009 8:31pm
Quoting dbz
I have been using the JE Ribbon system and have found it very good. I would like to share what I have found to be the real power in the system. I found using the TF1 ribbon allows you to be caught up too much in the whipsaw effect. I have found the real power to be in the TF5 ribbon. To be more precise - when the Tick Ribbon moves above and below the TF5 Ribbon. (I have found it easier to just have a 13 ema instead of the Tick Ribbon).

So what exactly is your entry signal?
And, by having a trend cci of 480, you have to wait quite some time until entering the trade.

D.
  • #2,426
  • Jul 22, 2009 9:09pm Jul 22, 2009 9:09pm
Quoting Syahmi
Hi there...

Care to share your lovely template.....TQ

Cheers...
Sure, no problem. The only extra indicator you may need is also attached.
Attached File(s)
File Type: tpl db_mt4_system_tfz_pivot_m1_v2.1.tpl   18 KB | 993 downloads
File Type: mq4 Murrey_Math_Line_X_eng.mq4   13 KB | 948 downloads
...20% method, 80% mindset...
  • #2,427
  • Jul 22, 2009 9:16pm Jul 22, 2009 9:16pm
Quoting DirkH143
So what exactly is your entry signal?
And, by having a trend cci of 480, you have to wait quite some time until entering the trade.

D.
For longs - when the 13 ema has moved through the top of the TF5 ribbon and the cci is green or has just crossed above the zero line.

For shorts - when the 13 ema has moved through the bottom of the TF5 ribbon and the cci is orange or has just crossed below the zero line.

The sma also gives a clue as to direction and the other higher TF ribbons along with fib and Murrey Math S&R levels give further evidence of how good the trade is and when to exit.

I am not interested in trading the short term chop, I want high probable trades and the 480 cci gives me that and works well with the 13ema/TF5 crosses.
...20% method, 80% mindset...
  • #2,428
  • Jul 23, 2009 12:19am Jul 23, 2009 12:19am
Dear Kinonen .200 lines coding is not required. Enough of M1, M5, M15.
  • #2,429
  • Jul 23, 2009 2:45am Jul 23, 2009 2:45am
Hi DBZ,

Can you please post a zip that contains all the indicators and template in your TF ribbon picture above, I tried many times to load it, but the template always loads blank as if it can't find the indicators, and I have downloaded just about every indicators in this thread.

Thank you,
  • #2,430
  • Jul 23, 2009 3:24am Jul 23, 2009 3:24am
Quoting zxpips
Hi DBZ,

Can you please post a zip that contains all the indicators and template in your TF ribbon picture above, I tried many times to load it, but the template always loads blank as if it can't find the indicators, and I have downloaded just about every indicators in this thread.

Thank you,

No problem, here it is.
Attached File(s)
File Type: zip tf5_je_ribbon_template.zip   15 KB | 1,601 downloads
...20% method, 80% mindset...
  • #2,431
  • Jul 23, 2009 8:55am Jul 23, 2009 8:55am
Thank you very much for your reply, I got the files, put everything in experts/indicators, and the template in the templates, but I still don't get any ribbon when I load the template. Attache is what my chart looks like, I also take a shot of the indicators list that got loaded so that you can see if anything is missing.

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: no_ribbon.jpg Size: 130 KB
Attached Image
  • #2,432
  • Jul 23, 2009 9:21am Jul 23, 2009 9:21am
Quoting zxpips
Thank you very much for your reply, I got the files, put everything in experts/indicators, and the template in the templates, but I still don't get any ribbon when I load the template. Attache is what my chart looks like, I also take a shot of the indicators list that got loaded so that you can see if anything is missing.

Thank you

Did you also put the T3MA.mq4 indicator in your folder?
Without it, it will not work.
You can get the indy from the first page of this thread that is in the packed folder. Just downloaded, take out the indy and copy it in your folder.
Then it should work.

D.
  • #2,433
  • Jul 23, 2009 11:47am Jul 23, 2009 11:47am
Great, it works like a charm now. Thank you very much, thanks a lot.
  • #2,434
  • Jul 23, 2009 11:49am Jul 23, 2009 11:49am
Quoting zxpips
Great, it works like a charm now. Thank you very much, thanks a lot.
Your welcome.

D.
  • #2,435
  • Edited 10:19am Jul 24, 2009 9:54am | Edited 10:19am
thanks a lot , only the exit is still not clear, as fibos or murray could be targets that could not be reached or in the contrary could be broken, so which is exactly the indicator that shows you the exit, thanks?
do you trail it in any way or which fibo do you know is the good for exit and not next one. A suggestion could be when cci is above 100 and 200 ema to keep until exhaust, i dont know give me your opinion.
  • #2,436
  • Jul 26, 2009 7:19am Jul 26, 2009 7:19am
Quoting blanca
thanks a lot , only the exit is still not clear, as fibos or murray could be targets that could not be reached or in the contrary could be broken, so which is exactly the indicator that shows you the exit, thanks?
do you trail it in any way or which fibo do you know is the good for exit and not next one. A suggestion could be when cci is above 100 and 200 ema to keep until exhaust, i dont know give me your opinion.
The easiest exit is when the 13ema crosses back into the TF5 Ribbon. However that is mostly a late exit and you will have given up profits. I use Elliott wave with Fib retracements and extentions. I look for clusters, ie,. on extentions after retracements I look for support or resistance levels and a murrey math level that fall on the extentions of 127%, 138%, 161% or even 261%. If there is a clear cluster then I will set my limit there. On retracement (counter trend) trades (which have to have a clear risk/reward of more than 2 to 1) I look for a cluster around the fib levels 38.2%, 50% or 61.8%.

I believe in the rule of not letting a winner turn into a loser. So I pull my stop up to break even when about 20 pips up and move it up under obvious pull backs. It is a juggling act of protecting your profits and still giving the trade room. Another method would be to keep moving your stop to just the other side of the TF5 ribbon.

You could also use the Smoothed Heikenashi candles as per FX-prime for your exits, but I also find them to give a late exit.

I am happy to hear any better suggestions.

I trade this system live on the Eur/Usd.
...20% method, 80% mindset...
  • #2,437
  • Jul 26, 2009 7:27am Jul 26, 2009 7:27am
In case some are trying/using this system with my template, I have made an adjustment to the CCI/SMA settings - change the entry cci number to 300. This gives a better sma tradjectory.

Long entries - the cci must be above zero and above the sma and you must wait for the sma to also be above zero.

Short entries - opposite of above.

I have found this to filter out a lot of the trades that go nowhere. You must also pay attention to the higher TF ribbons as per J.E.'s recommendations.
...20% method, 80% mindset...
  • #2,438
  • Jul 26, 2009 6:02pm Jul 26, 2009 6:02pm
sma still 162?
  • #2,439
  • Jul 26, 2009 6:05pm Jul 26, 2009 6:05pm
Quoting blanca
sma still 162?
yes
...20% method, 80% mindset...
  • #2,440
  • Jul 27, 2009 2:30pm Jul 27, 2009 2:30pm
Quoting dbz
No problem, here it is.
Hello DBZ,
thank you for your work. I have everything download, but it is absent what with me. Can you give me missing indicatoren?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 49 KB
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