CICR system (Currency index cross referencing)

Quoting Sarythsaya

Disliked

Sorry but my 5 minute entry is a commercial system i picked up somewhere. Basically the idea is that using your criteria of:

1. Wait for appropriate price action of the index and lawgirl indy direction on 4 hour.
2. Use forex power indy to determine best 3-5 pairs to trade using hourly timeframe.
3. Grab an entry using your favourite 5-15 minute technique - with a 15-20 pip stop.
4. When 15 pips in profit move stop to break even.

The fact is that most entries will not be profitable and will finish at BE, but as you are entering the most...

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Quote

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This is Google's cache of http://codebase.mql4.com/source/11226. It is a snapshot of the page as it appeared on Oct 1, 2011 09:47:25 GMT. The current page could have changed in the meantime. Learn more

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//+------------------------------------------------------------------+
//| VininI_BB_MA_WPR.v1.mq4 |
//| Victor Nicolaev |
//| [email protected] |
//+------------------------------------------------------------------+
#property copyright "Copyright 2008. Victor Nicolaev"
#property link "[email protected]"

#property indicator_separate_window
#property indicator_buffers 4
#property indicator_color1 Aqua
#property indicator_color2 Green
#property indicator_color3 Yellow
#property indicator_color4 Yellow
#property indicator_level1 0
#property indicator_level2 60
#property indicator_level3 -60

#property indicator_maximum 100
#property indicator_minimum -100
//---- input parameters

extern int WPR_Period= 55;
extern int MA_Period=3;
extern int MA_Mode =0;
extern int BB_Period=89;
extern double BB_Div=1.0;
extern int Limit=1440;

double WPR[];
double WPRMidle[];
double WPRUP[];
double WPRDN[];
double MA[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init() {
IndicatorBuffers(5);
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE);
SetIndexDrawBegin(0,WPR_Period+MA_Period+BB_Period);
SetIndexBuffer(0,MA);
SetIndexBuffer(1,WPRMidle);
SetIndexBuffer(2,WPRUP);
SetIndexBuffer(3,WPRDN);
SetIndexBuffer(4,WPR);
IndicatorShortName("MA_WPR("+WPR_Period+","+MA_Period+")");
SetIndexLabel(0,"MA(WPR)");

return(0); }

//+------------------------------------------------------------------+
int start() {
int limit1, limit2, limit3;
int counted_bars=IndicatorCounted();
int i;

if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
limit1=Bars-counted_bars;
if (limit1>Limit && Limit>0) limit1 = Limit;
limit2=limit1;
limit3=limit2;
if (counted_bars==0) {
limit3=limit1;
limit2=limit3+BB_Period;
limit1=limit2+MA_Period;
}
for (i = limit1;i>=0;i--) WPR[i] = (iWPR(Symbol(),Period(),WPR_Period,i)+50.0)*2.0;
for (i = limit2;i>=0;i--) MA[i] = iMAOnArray(WPR,0,MA_Period,0,MA_Mode,i);
double tmp, tmp0;
for (i = limit3;i>=0;i--) {
tmp= (iBandsOnArray(WPR,0,BB_Period,1,0,MODE_UPPER,i)-
iBandsOnArray(WPR,0,BB_Period,1,0,MODE_LOWER,i))/2.0;
WPRMidle[i]=iMAOnArray(WPR,0,BB_Period,0,MODE_SMA,i);
WPRUP[i]=WPRMidle[i]+BB_Div*tmp;
WPRDN[i]=WPRMidle[i]-BB_Div*tmp;
}
return(0);
}// int start()

Quoting Blud4oilPrgm

Disliked

This is a good MA indicator, entries can be made when the green line break outside the outer bands or when it drops back, also when it moves through the center line can be good trigger spots.

Attachment

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Quoting M.A.C.Doug

Disliked

It has been years since Ive read an entire thread in the systems section. I clicked on yours cause I liked the title. I kept reading because it was clear from the start this was a very solid and exciting approach.

Very good work, great system you have developed and very generous of you to share your efforts so freely.

I scalp Eur/Usd soley. The system is a bit to indicator dependant for my liking, I got rid of lines and windows along time ago and I dont need to go back to that for entry triggers.
Having said that, I think the way for your...

Ignored

Quoting capito

Disliked

Thanks a lot , if you are a scalper you can use 1,4,daily it should work fine as long as you are pairing them correctly. i am just too lazy so like to trade rarely but ensure profitability.

And yes the title... Ohhhh the title how i love it "CICR" just a random name that crossed my mind.
Thanks
Happy pippin.

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//+------------------------------------------------------------------+
//|                                          VininI_BB_MA_WPR.v1.mq4 |
//|                                                  Victor Nicolaev |
//|                                                    [email protected] |
//+------------------------------------------------------------------+
#property copyright "Copyright 2008. Victor Nicolaev"
#property link      "[email protected]"
 
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_color1 Aqua
#property indicator_color2 Green
#property indicator_color3 Yellow
#property indicator_color4 Yellow
#property indicator_level1 0
#property indicator_level2 60
#property indicator_level3 -60
 
#property indicator_maximum 100
#property indicator_minimum -100
//---- input parameters
 
extern int WPR_Period= 55;
extern int  MA_Period=3;
extern int  MA_Mode  =0;
extern int BB_Period=89;
extern double BB_Div=1.0;
extern int Limit=1440;
 
double WPR[];
double WPRMidle[];
double WPRUP[];
double WPRDN[];
double MA[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init() {
   IndicatorBuffers(5);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexStyle(1,DRAW_LINE);
   SetIndexStyle(2,DRAW_LINE);
   SetIndexStyle(2,DRAW_LINE);
   SetIndexDrawBegin(0,WPR_Period+MA_Period+BB_Period);
   SetIndexBuffer(0,MA);
   SetIndexBuffer(1,WPRMidle);
   SetIndexBuffer(2,WPRUP);
   SetIndexBuffer(3,WPRDN);
   SetIndexBuffer(4,WPR);
   IndicatorShortName("MA_WPR("+WPR_Period+","+MA_Period+")");
   SetIndexLabel(0,"MA(WPR)");
 
   return(0); }
 
//+------------------------------------------------------------------+
int start() {
   int limit1, limit2, limit3;
   int counted_bars=IndicatorCounted();
   int i;
 
   if(counted_bars<0) return(-1);
   if(counted_bars>0) counted_bars--;
   limit1=Bars-counted_bars;
   if (limit1>Limit && Limit>0) limit1 = Limit;
   limit2=limit1;
   limit3=limit2;
   if (counted_bars==0) {
      limit3=limit1;
      limit2=limit3+BB_Period;
      limit1=limit2+MA_Period;
   }
   for (i = limit1;i>=0;i--) WPR[i] = (iWPR(Symbol(),Period(),WPR_Period,i)+50.0)*2.0;
   for (i = limit2;i>=0;i--) MA[i] = iMAOnArray(WPR,0,MA_Period,0,MA_Mode,i);
   double tmp, tmp0;
   for (i = limit3;i>=0;i--) {
      tmp=  (iBandsOnArray(WPR,0,BB_Period,1,0,MODE_UPPER,i)-
             iBandsOnArray(WPR,0,BB_Period,1,0,MODE_LOWER,i))/2.0;
      WPRMidle[i]=iMAOnArray(WPR,0,BB_Period,0,MODE_SMA,i);
      WPRUP[i]=WPRMidle[i]+BB_Div*tmp;
      WPRDN[i]=WPRMidle[i]-BB_Div*tmp;
   }
   return(0); 
}// int start()

Quoting capito

Disliked

Thankyou very much. Honestly you can use the custom macd which i recommend cuz its backtested and forward tested.

And one another point, when you are basing your decision on a individual index you are anyway sitting on the driver's seat and stand a great chance to win the trade. Its just that filtering bad trades will always help you with consistent winners.

We already had 5 - 6 trades last week.. all winners. you get a hang of it in a month.

I will try this mt4 you have provided. Looks like the TDI

Thanks
Capito

Ignored

Quoting mcrawfy

Disliked

GBP/CHF RSIs pointing down above 70 on H4, D1 and W1. MN RSI pointing up though, also above 70.

GBPLFX RSIs also short, above 50.

Ignored

Quoting Blud4oilPrgm

Disliked

here is my setup:

Attachment

Going by the arrows, the eur has the most blue up arrows therefore looks to be the strongest currency at the moment. eur/gbp looks to have the most positive uptrend overall. eur/aud has a negative 1 hr trend., Once this turns to sideways or up, this will also make a good long. Going with the overall strongest currency will increase the probability of a desired outcome.

Ignored

Quoting cspip

Disliked

Hello Capito,

You say you usually trade for the first about 10 days of the month, does this mean you wont be taking any more trades for October?


Thanks

Ignored

Quoting Sarythsaya

Disliked

I have spent however many years focussed on finding better setups, and I expect that most other traders would be the same. Implicit in this search is the fundamental belief that better setups would be the answer to more profit.

You have opened my eyes cap to the truth that we should be focussing our eyes and efforts on finding the best market(s) to trade.

A good setup is important - but given that most setups target trending makets - finding the most trending markets appears now to me to be more important than the setup.

Thanks again....

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