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Long Term CICR (Cross index currency referance) trading 240 replies

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Attachments: CICR system (Currency index cross referencing)
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CICR system (Currency index cross referencing)

Quoting moodybot
Hi All

Something that I came across..

3 timeframe RSI Indicator with 50 level cross alert,, will alert 30 - 70 level if required.

Might be usefull to someone.

M.
thanks buddy i wanted something like for the scalping system, its really grrrr..... to be glued to the screen.

Thanks
Hi Capito

It will take some fine tuning to get it right.

For instance using at lower time frames once the signal alerts for the crossover it will result in repainting of the signal, however as an initial alert system it isn't to bad.

Im sure someone out there can improve it, perhaps add in the filter line, macd as well if required.

M.
Quoting moodybot
Hi Capito

It will take some fine tuning to get it right.

For instance using at lower time frames once the signal alerts for the crossover it will result in repainting of the signal, however as an initial alert system it isn't to bad.

Im sure someone out there can improve it, perhaps add in the filter line, macd as well if required.

M.
Just a simple alert is fine, cuz most of the times when the rsi3 is crossing 50 on the 4hr tf and if at that moment d1andw1 is in the same direction it doesnt repaint it just goes through and crosses the next rsi level based on the buying or selling pressure.

With leekaq's system its more important to react to the market action thats taking place. Just to ensure that i am not caught in a bad market i like to use the 4hr 3 rsi 50 level cross ensuring d1 and w1 is in the same direction then pick the best one to trade. his db gives a clear picture.
even today there were multiple positions on eurlfx and usdlfx. The most important thing is you need to be available during the UK and US sessions, thats it.

I am sure Ride.inc can help us, i will pm him about when should the db give the best alert for the best trade setup.
For the 4hr cross, by setting the 1 timeframe to 2, 2nd timeframe to 3 and 3rd to 4 then we can remain on the 30 min timeframe ready to scalp.

M.

In fact, just set the timeframes to 2, gives just a 4hr cross..
Quoting radiant army
please forum, pardon me for bad post just too excited want to upload my statement
Thats ok radiant, as long as you have positive results doesnt matter. You need to do a print screen of your mt4 statement. its difficult to see your in this format.

Thanks
Leekaq,

In regards to the screenshot, are we to understand that your scalping DB watches only the pairs indicated because they have minimal spreads (i.e. good for scalping) or is there some other reason to watch those pairs specifically?



Quoting leekaq
one thing for sure, we can't wait for green RSI value (30 or 70). So most of the trade i tool was when RSI value is yellow (~50). So, u could be right.

Anyway this is another attempt on scalping today,,using M1, M15, H1 and D1 DB.. D1 is the trend so only trade on that direction. Only trade when all RSI are same direction and wth both M15 and H1 values at least in yellow colors.

enter immediately if all arrows in same direction or if M1 arrow is opposite direction, enter on pull back in M5 TF..
Quoting capito
Hi Ride,

Hope you r trading well. Firstly i would like to thank you for making the customized rsi3 indicator I just wanted to ask you " Does the yellow reading occur when the rsi3 crosses either one of the 30,50or70 levels"
Waiting for your reply.
Hi guys, capito!

The colour rules are simple: if RSI starts going up from levels below 30 it is green, then if it is going up between 30-50 it turns yellow, when going higher it turns gray.
Same for going down from high values. I can add some modification if you want more colours or literally anything. This indicator is very simple.

Have a nice pips
“I made most of my money sitting on my hands.”
Thanks a ton ride.

Ok i am not sure if its too much to ask. I am in midst of testing a short term trading method which will again be helpful to everyone.

Here is what i am looking for

Signals

1) The H4,D1 readings turns yellow for a particular index and that moment

H1,H4,D1,W1 should be in the same direction for that index.
When this happens it should pop up a sound alert and a pop up stating possible intraday setup on eurlfx,usdlfxgbplfx etc....

Leekaq please check the rules i have mentioned above.

thanks
yes, I tested on those pairs due to mimimal spreads.

Quoting rdwatkins
Leekaq,

In regards to the screenshot, are we to understand that your scalping DB watches only the pairs indicated because they have minimal spreads (i.e. good for scalping) or is there some other reason to watch those pairs specifically?
yes sir,,,that would be awesome!


Quoting capito
Thanks a ton ride.

1) The H4,D1 readings turns yellow for a particular index and that moment

H1,H4,D1,W1 should be in the same direction for that index.
When this happens it should pop up a sound alert and a pop up stating possible intraday setup on eurlfx,usdlfxgbplfx etc....

Leekaq please check the rules i have mentioned above.

thanks
Quoting capito
Thanks a ton ride.

Ok i am not sure if its too much to ask. I am in midst of testing a short term trading method which will again be helpful to everyone.

Here is what i am looking for

Signals

1) The H4,D1 readings turns yellow for a particular index and that moment

H1,H4,D1,W1 should be in the same direction for that index.
When this happens it should pop up a sound alert and a pop up stating possible intraday setup on eurlfx,usdlfxgbplfx etc....

Leekaq please check the rules i have mentioned above.

thanks
No problem, it should be ready for the next morning (European time)
“I made most of my money sitting on my hands.”
Quoting leekaq
yes sir,,,that would be awesome!
Even i think so, it produces the finest trades for intraday. when the setup happens just switch to the 30 min chart watch the price wether above or below filter line, and yes it gives some real good pips.

thanks again buddy.
Quoting ride.inc
No problem, it should be ready for the next morning (European time)
Have you guys, Capito or leekaq taking any trades today?

Whats the draw down like as well?

Thanks
Quoting piptastic7
Have you guys, Capito or leekaq taking any trades today?

Whats the draw down like as well?

Thanks
No i havent taken anything. There were some trades in the uk session i missed it though
Hi Capito

Have you taken any trades with your original method since last week?
i have taken close to 25 trades, i am sure our broker will ban most of us when cos they wouldnt be able to .working on some combination indicator you guy provided
slow and steady win the race
The system seems to change daily, anyway...


Capito, you say you need the H4 value to be yellow and M30 - W in same direction on the index and then choose the best pair, now does index need to cross the filter line? What about macd?

And on the 'best' pair, does the arrows need to be same direction for M30 -W?
H4 also yellow? What about filter line and macd ON THE PAIR?

Thanks,
i hv taken some trades today.. max 200 pips then pullback to 150 now..
DD..max -10 pips on one pair,,others i dont pay attention as SL100 TP100..

Quoting piptastic7
Have you guys, Capito or leekaq taking any trades today?

Whats the draw down like as well?

Thanks
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