CCI Trading system + Range bars with NINJA | Forex Factory

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CCI Trading system + Range bars with NINJA

  • #1
  • First Post: Jul 24, 2009 11:42am Jul 24, 2009 11:42am
Anybody here who would like to share ideas with CCI system + range bars. I am using CCI600 to get into the trade. I am not using Woodie's system. And I am more for 3 days trades. Not for scalping. I trade GBP/USD

GE.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD 4_6_2009 (30 Range).jpg Size: 227 KB
Some pursue happiness, others create it.
  • #2
  • Jul 24, 2009 8:51pm Jul 24, 2009 8:51pm
What is the success rate and how is the result?

Quoting genius75
Anybody here who would like to share ideas with CCI system + range bars. I am using CCI600 to get into the trade. I am not using Woodie's system. And I am more for 3 days trades. Not for scalping. I trade GBP/USD

GE.
  • #3
  • Jul 25, 2009 3:06am Jul 25, 2009 3:06am
Quoting tjsun80
What is the success rate and how is the result?
Well I don't know. I am looking for some mid-long term trading. I don't want to use CCI14,. 20 etc. It shows you "100 signals" every single day.

I am trying to find out right now how to avoid these false signals, that you can see on my picture.

The rule is simple. Get into the trade when CCI600 crossing 0 line.

I have on my chart EMA 200. So we take signals only with the trend of EMA/. Another thing is that we setup buy (sell) order on the top + 1 pip on the top or bottom of the bar where we have a signal. That will avoid some false signals. But what about the rest? Is there some indicator that we can use? I am not trying to find the holy grail, but why not filter them

GE.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD 7_1_2009 (30 Range).jpg Size: 132 KB
Some pursue happiness, others create it.
  • #4
  • Jul 25, 2009 6:22am Jul 25, 2009 6:22am
dear friends:
which borker are you using now, and what is your platform.
Regards
I need time ,I need money, I need more patience
  • #5
  • Jul 25, 2009 6:53am Jul 25, 2009 6:53am
Quoting ztdep
dear friends:
which borker are you using now, and what is your platform.
Regards
I am using free data from Gain (+ Ninja servers)

Platform is Ninja Trader
Some pursue happiness, others create it.
  • #6
  • Jul 26, 2009 3:50am Jul 26, 2009 3:50am
Quoting genius75
I am using free data from Gain (+ Ninja servers)

Platform is Ninja Trader
Dear friend:
THank you very much for you feedback. Could you pleasa past a link please.
Regards
I need time ,I need money, I need more patience
  • #7
  • Jul 26, 2009 4:54am Jul 26, 2009 4:54am
Quoting ztdep
Dear friend:
THank you very much for you feedback. Could you pleasa past a link please.
Regards
Well I will not send you a link. I'll show you how to use Google.

http://www.google.com/#hl=en&q=ninja...fp=VEE02fthf5k

Ge.
Some pursue happiness, others create it.
  • #8
  • Jul 26, 2009 5:04am Jul 26, 2009 5:04am
Quoting genius75
Anybody here who would like to share ideas with CCI system + range bars. I am using CCI600 to get into the trade. I am not using Woodie's system. And I am more for 3 days trades. Not for scalping. I trade GBP/USD

GE.
What's your normal method of trading? Do you rely on indicators a lot, or do you have certain rules that you follow for taking a trade?
  • #9
  • Jul 26, 2009 5:07am Jul 26, 2009 5:07am
Quoting walb99
Is this thread only for Ninja platform or can we discuss also Range Bars + CCI on MT4 platform?
I have no clue how to setup range bars on other platforms then Ninja.

It really does not matter what platform you use.

I'll be more than happy if I can use range bars on MT4. Ninja seems to be a bit slow. MT4 is great. Speed, "light" ... (But this is not a discussion about Range Bars and MT4)


GE.
Some pursue happiness, others create it.
  • #10
  • Jul 26, 2009 5:12am Jul 26, 2009 5:12am
Quoting fxphil
What's your normal method of trading? Do you rely on indicators a lot, or do you have certain rules that you follow for taking a trade?
POST NO. 7

Well I don't know. I am looking for some mid-long term trading. I don't want to use CCI14,. 20 etc. It shows you "100 signals" every single day.

I am trying to find out right now how to avoid these false signals, that you can see on my picture.

The rule is simple. Get into the trade when CCI600 crossing 0 line.

I was thinking to use FIB numbers to take profit on that "long trades"

I have on my chart EMA 200. So we take signals only with the trend of EMA/. Another thing is that we setup buy (sell) order on the top + 1 pip on the top or bottom of the bar where we have a signal. That will avoid some false signals. But what about the rest? Is there some indicator that we can use? I am not trying to find the holy grail, but why not filter them


GE.



Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD 7_1_2009 (30 Range).jpg Size: 132 KB
Some pursue happiness, others create it.
  • #11
  • Jul 26, 2009 7:59am Jul 26, 2009 7:59am
Quoting walb99
Should not be a problem

http://www.mqlservice.net/catalog/pr...products_id=29

Thank you for your advice, but this is not a discussion about Range Bars and MT4.

GE.
Some pursue happiness, others create it.
  • #12
  • Jul 26, 2009 9:53pm Jul 26, 2009 9:53pm
I think you should try using a momentum based indicator or moving average rather than the CCI. The type of range bars on Ninja, what I call fill bars, are weaker in performance compared to those based on an absolute movement eg renko, P&F. Also I believe the Ninja version might pad gaps. This has not shown to be of benefit in my testing. I ran a quick test on your 30 fill bar 600 cci using one minute data from 2003, not good! I used the open and the close of each minute to build the bar. Use a volatility based stop and break even stop with 2% risk per trade and you should be able to put together something that works. Don't use a profit target in your tests. You are looking to hold for the medium term so you do not want to cut your profits short. Lots of work to be done but I think you are on the right path.
All the best
  • #13
  • Last Post: Feb 23, 2012 4:12am Feb 23, 2012 4:12am
Is anyone still working on this methods ???

I would be keen to get involved as I am looking for intra-week strategies too.

Regards
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