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buy dips sell rallies robot

  • #1
  • First Post: Edited Jan 28, 2010 12:41pm Jan 26, 2010 4:15pm | Edited Jan 28, 2010 12:41pm
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  • #2
  • Edited 9:03am Jan 27, 2010 6:24am | Edited 9:03am
Quoting picha
Hi there I got an idea for a strategy to turn into a robot. When markets trend they then retrace and then continue the trend, they always have done and always will do. I have a strategy that is very good at identifying when the retrace has come to an end and very nearly always gets you on the right side of the market. It also does not use fixed stops it lets the market tell it when it is time to exit so I cant see it having horrible drawdowns. The system wants what the market wants. Here are the rules:

When price makes a higher low but CCI 14...
Here is the filter. At least a 50 % retracement between the higher lows on price for a long and the same between the lower highs for a short. Also the last candle that makes the higher low for a long must be a bull candle and the last candle that makes a lower high for a short must be a bear candle.
  • #3
  • Jan 27, 2010 7:41am Jan 27, 2010 7:41am
http://i45.tinypic.com/dpihqw.jpg
http://i48.tinypic.com/2ih5ij9.jpg
http://i49.tinypic.com/htgvtv.jpg
http://i45.tinypic.com/vnm7he.jpg
http://i45.tinypic.com/2uh4aw3.jpg
  • #4
  • Jan 27, 2010 7:43am Jan 27, 2010 7:43am
Here are a few more:

http://i48.tinypic.com/t9gjyw.jpg
http://i49.tinypic.com/ayau53.jpg
http://i47.tinypic.com/290r8rk.jpg
  • #5
  • Jan 27, 2010 8:45am Jan 27, 2010 8:45am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
I guess there is NO robot which is able to recognize cristal clear such indicator/price divergences...

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http://www.myfxbook.com/members/pc8multifx
  • #6
  • Last Post: Edited 9:11am Jan 27, 2010 8:59am | Edited 9:11am
Quoting onu
I guess there is NO robot which is able to recognize cristal clear such indicator/price divergences...

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http://www.myfxbook.com/members/pc8multifx
I dont see any reason why it should be impossible to create one. You can get software to recognise gartley patterns this is just another form of pattern recognition. Whats great about it is you are letting the market tell the system what it wants to do rather than trying to guess what the market is going to do by performing lots of bizzare calculations on the price. I have been observing this set up over about 3 years and I rarely find examples of it failing, even if it does, the exit of the CCI 6 crossing the CCI 14 will stop you suffering huge losses. CCI is a special indicator because it is the deviation of price from a moving average of price rather than a moving average compared to a moving average which will lag too much.
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