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RSI & CCI system

  • #101
  • Jul 25, 2009 1:22pm Jul 25, 2009 1:22pm
So, quiet day yesterday for my pairs.

I was able to pull out a small EUR/USD win. At 9:00 am the pair hit a very solid support from Tuesday and Thursday. I entered the trade in "Buy".
At 10:00 the pair cut RSI 50 and CCI 0 which confirmed me that the trade was going good.
I exit the trade at 11:30 as I didn't saw a lot of movement and a Resistance line was very close! I had a 36 pip win.


To everybody:
I am building up a blog to post daily trades and hear up your comments. The idea is to collaborate with the Traders community and hear comments about the strategy. A little help from everybody will be a group WIN!

I will post the link here as soon as I have it ready.
Attached Image (click to enlarge)
Click to Enlarge Name: USD-EUR-7-24.JPG Size: 205 KB
  • #102
  • Jul 25, 2009 1:38pm Jul 25, 2009 1:38pm
I missed this one on Friday for EUR/JPY, but wanted to share it with you as an example.

The resistance was holding up quite well. A double top was formed at 5:45 and time to enter (white E). On the same entering candle, RSI 50 and CCCI 0 cut, so good confirmation.

Holding the trade, I feel a good exit point was at 8:45 when CCI was way below -100.000 and RSI below 30 showing oversold.

This would have been a 52-54 pip win.

Have a good weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-JPY-7-24.JPG Size: 129 KB
  • #103
  • Jul 27, 2009 5:25am Jul 27, 2009 5:25am
does this system work with higher timeframes? 1h and 4h?
  • #104
  • Jul 27, 2009 10:13am Jul 27, 2009 10:13am
As I understand it CCI is an oscillator the same as rsi both used to measure 'overbought and oversold' situations.

The strategy seems to have it's merit but I don't think one indicator is corollating the other.
  • #105
  • Jul 27, 2009 1:24pm Jul 27, 2009 1:24pm
Hi!!! the system is corrected, but it is very important to filter the false signals...to do this i use:
MACD (3, 81, 29)
MACD (3, 10, 16)
xpma ( ema 5 and ema 34, i use the cross of these 2 emas)
Stealth LCD v10 ( custom indicator, i found it in a trading system. It's a good indicator of the direction of the price)

I use the signal CCI/RSI when also the other indicators indicate the same.
Here my template, and the custom indicator Stealth LCD..someone knows how this indicator(Stealth LCD) is developed? If you want to test this, i'll be happy, if it works, it is a good signal)))
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sell.jpg Size: 60 KB
Click to Enlarge Name: buy.jpg Size: 58 KB
Attached File(s)
File Type: tpl francese_rsi_cci_macd.tpl   110 KB | 1,643 downloads
File Type: ex4 Stealth LCD V10.ex4   3 KB | 1,786 downloads
File Type: ex4 IMACD.ex4   3 KB | 1,612 downloads
File Type: ex4 xpMA.ex4   17 KB | 1,512 downloads
  • #106
  • Jul 27, 2009 7:28pm Jul 27, 2009 7:28pm
Quoting Mustela
As I understand it CCI is an oscillator the same as rsi both used to measure 'overbought and oversold' situations.

The strategy seems to have it's merit but I don't think one indicator is corollating the other.
Mustela. It is true. Both show Overbought and Oversold scenarios. CCI is an oscillator and RSI is a technical momentum indicator. Differences is that CCI measures with an MA and RSI with a day average, so its pretty interesting.
  • #107
  • Jul 27, 2009 7:29pm Jul 27, 2009 7:29pm
Quoting charlieman99
does this system work with higher timeframes? 1h and 4h?
Charlie, since 15 minutes is very similar to 4 hour charts, I believ the answer is yes, but I do not use those charts and this needs to be tested.

Rod
  • #108
  • Jul 27, 2009 7:31pm Jul 27, 2009 7:31pm
Quoting luca1982
Hi!!! the system is corrected, but it is very important to filter the false signals...to do this i use:
MACD (3, 81, 29)
MACD (3, 10, 16)
xpma ( ema 5 and ema 34, i use the cross of these 2 emas)
Stealth LCD v10 ( custom indicator, i found it in a trading system. It's a good indicator of the direction of the price)

I use the signal CCI/RSI when also the other indicators indicate the same.
Here my template, and the custom indicator Stealth LCD..someone knows how this indicator(Stealth LCD) is developed? If you want to test this, i'll be happy,...
Luca,

Thanks for the post. This is the kind of collaboration that I wanted to see here. Personally I don't like the MACDs, but the EMAs look pretty good for confirming orders.
  • #109
  • Jul 28, 2009 4:01am Jul 28, 2009 4:01am
Hi rodriforex,
thanks. These macd, with these parameters, are very good. 3,81,29 indicates the main direction of the price, 3, 10, 16 indicates the direction in the short period. I suggest to use xpma for the emas, because you can see, with colors, the variation of the ema, if it is increasing or decreasing.
I use this operativity in 5tf, but i look at 30tf, above all the emas 5 on high and low. They are resistence and support of the price. when the price closes out of this ema, "very much", probably pullback. I'll attach example, you can understand better, my english is poor.For this reason, i prefer to scalp the signals during the trend. I consider also resistence and support levels.

If someone tests my operativity and my way to filter the signals, i want to know the opinion!)))
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ema_highlow.jpg Size: 60 KB
Click to Enlarge Name: ema_highlow2.jpg Size: 56 KB
  • #110
  • Jul 29, 2009 2:11am Jul 29, 2009 2:11am
luca1982, thanks for xpMA. Do you have .mq4 for it?
  • #111
  • Jul 29, 2009 3:25am Jul 29, 2009 3:25am
Sure it's losing... the last "0" (zero) parameters will show you the active value, so it will keep moving. You need to determine those values when (right after) the candle closed...

Quoting tokyomaster
Yeah, i know what you mean about EA's. i built one recently for the following....

double ma_fast_new = iMA(Currency[c],0,25,8,MODE_SMMA,PRICE_CLOSE,0);
double ma_fast_old = iMA(Currency[c],0,25,8,MODE_SMMA,PRICE_CLOSE,1);

double ma_slow = iMA(Currency[c],0,50,8,MODE_SMMA,PRICE_CLOSE,0);

double cci_new = iCCI(Currency[c],0,21,PRICE_CLOSE,0);
double cci_old = iCCI(Currency[c],0,21,PRICE_CLOSE,1);

double rsi_new = iRSI(Currency[c],0,8,PRICE_CLOSE,0);
double rsi_old = iRSI(Currency[c],0,8,PRICE_CLOSE,1);

double adx_new = iADX(Currency[c],0,14,PRICE_HIGH,MODE_MAIN,0);
double...
  • #112
  • Jul 29, 2009 9:06am Jul 29, 2009 9:06am
here xpma...
Attached File(s)
File Type: mq4 xpMA.mq4   16 KB | 1,289 downloads
  • #113
  • Oct 21, 2009 7:30am Oct 21, 2009 7:30am
Hello Everyone,

I have taken a look at Thierry's little system. I found that although entry signals are okay, one can have a really hard time to find optimal exit points. Therefore, I got a color RSI indicator and have modified it a CCI indicator. I'm using both to get clear(er) exit signals. Have the indi's in the attachment right at the bottom.

By the way, have you ever heard of a braveheart who has tried it on M1?
Attached Image (click to enlarge)
Click to Enlarge Name: try_it4.jpg Size: 281 KB
Attached File(s)
File Type: mq4 Color_CCI_v1.0.mq4   11 KB | 2,287 downloads
File Type: ex4 Color RSI v1.01.ex4   11 KB | 2,217 downloads
  • #114
  • Oct 22, 2009 10:40am Oct 22, 2009 10:40am
i found this thread accidentaly
i have made others indicators for this system
notice that adx above & rsicolor used in posts are MY INDICATORS ! and don't like that others use my indicators and erase my name in the mql code !
below attached a screen on TF5min on EURUSD ! with 3 of MY indicators
RSI CCI with values 45 55 & 100 -100
ADX > 20
& my best one CCI RSI with 2 CCI or one you can choose value & periods
(seeing cci moves is better)
you wait cci fall to exit trade on lower TF

this works too on TF1min
you can add Laguerere filter on chart

kinonen
Attached Image (click to enlarge)
Click to Enlarge Name: rsi_cci.gif Size: 54 KB
  • #115
  • Nov 13, 2009 1:26pm Nov 13, 2009 1:26pm
Thierry,
(Je ne sais pas si on peut discuter en français ou si tous doit être en anglais.)

I noticed that Thierry started this thread and wanted to ask his comments. Are you still using this system or did it breakdown for you? It is a unique take. Right now I do almost everything with the CCI but would like to put something a little clearer together.
  • #116
  • Nov 16, 2009 3:18pm Nov 16, 2009 3:18pm
nice indys, could you post those indicators! It look pretty for me
  • #117
  • Nov 16, 2009 5:59pm Nov 16, 2009 5:59pm
No sorry CarterDeDano, I do not use it anymore.
  • #118
  • Nov 16, 2009 6:38pm Nov 16, 2009 6:38pm
If you don't mind why did you stop using it? I liked the simple idea behind it. Just need to work on the "letting Winners GO" and stopping out the losers quickly like you were doing.

I really like 1:1 for that type of scenario. For any trading system I'd recommend trying it.

Buy 2 Lots, set stop loss at X for both lots. Take First profit at 1:1. Let the other run. If it comes back to your STOPLOSS nothing is lost if first profit hit. Will work for ANY SYSTEM.
  • #119
  • Feb 15, 2010 11:02am Feb 15, 2010 11:02am
Hello,

i saw your post on cci and rsi indicator.

Kindly explain to me how to attach this two indicator above in mt4 platform.

How about the settings values of the cci and rsi.

Are the apply to close or open . Pls just tell me how you attach your own with all the settings in your mt4 platform...........because i want to start using it on my account.
Is there any other indicator to be use with these cci and rsi for trading.
Thanks
  • #120
  • Apr 2, 2010 10:37pm Apr 2, 2010 10:37pm
Hi all,
nice thread.
Here is my interpretation of stark's indi.

This system, even though it's simple has definate possibilities.

Cheers,

kaza007
Attached File(s)
File Type: mq4 CCIcolouredbyRSI.mq4   3 KB | 2,875 downloads
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