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CICR system (Currency index cross referencing)

  • #1,241
  • Nov 11, 2011 10:48pm Nov 11, 2011 10:48pm
Quoting SkyzerFX
leekaq, what template you are trading on?


What in your case definition of basket? You mean buying those

with error UP and selling those with Errors down?

Thanks.
my basket definition:

The best set up are reds vs blues (which u could see from index DB template) or red vs red or blue vs blue as long as one is stonger that the other one. It's all about RS here...
  • #1,242
  • Nov 11, 2011 10:49pm Nov 11, 2011 10:49pm
Quoting boseman
Lee,
What TF do you scalp on?

Thks,
Tom
tom, see post # 1240
  • #1,243
  • Nov 11, 2011 11:04pm Nov 11, 2011 11:04pm
Lee : Buddy, with pips collection, u seem to be way ahead to Captain too. And a lot of members asking for your tricks and trading style. Time to assemble and come up with the study material by the new week. All the best.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,244
  • Nov 12, 2011 5:34am Nov 12, 2011 5:34am
Quoting leekaq
this is waht i got before market closed yesteday... USDLFX breakout.. and i was confident enough to put 1 dollar pip on the long for EU..

template? i use the same CICR template plus using the DB for early monitoing,,, if i see all arrows were on the same color and directions for quite some times, glance on the indexes and check their D1 and H4 MACD1,,same goes for currency pairs. MACD1 for H4 and D1 must agree on same bias..for short, D1 MACD1 could still be aove zero but bias to south and H4 MACD1 need to cross zero and pointing south as well....
Hi Leekaq
as I said you are a natural born trader and you can make pips simply sneakin' the market

but your post #1240 is a good attempt to explain your technique and sharing his own tricks is not SO common for a REAL Trader

thanx

please a couple of technical qs about it..

1-you entered gbpusd twice,the 2nd entry was a pullback?
2-what broker do you use for screenshots?is it SigTrader?What is your timezone GMT delay?
3-about USDLFX trades from yesterday,you ignored RSI W1 and MN direction and you made your entries simply watching PriceAction and MACD1:am I correct?? coz I can see from my charts that USDLFX RSI(3) was pointing up on Monthly TF and lagging on the Weekly

oh and wathever you are doing there...trading capabilities and free time to trade==== how I envy you!
Account deleted
  • #1,245
  • Edited 7:33am Nov 12, 2011 7:18am | Edited 7:33am
Quoting leekaq
my basket definition:
Lee, fair enough, thanks. The only question I have about SigTrader.

Since you are using FLX, then you probably with the liteforex.com as your

Broker? Or maybe using Demo to read Indicators Data?

Cause I don't find a way yet, to use it with my existing broker.

Thanks again.

P.S: I see Low/High For the Day Box +Candle, what's that indy? I probably

have it somewhere but forgot what its name.
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  • #1,246
  • Nov 12, 2011 9:26am Nov 12, 2011 9:26am
Quoting swissforex
Hi Leekaq

please a couple of technical qs about it..

1-you entered gbpusd twice,the 2nd entry was a pullback?
2-what broker do you use for screenshots?is it SigTrader?What is your timezone GMT delay?
3-about USDLFX trades from yesterday,you ignored RSI W1 and MN direction and you made your entries simply watching PriceAction and MACD1:am I correct?? coz I can see from my charts that USDLFX RSI(3) was pointing up on Monthly TF and lagging on the Weekly

oh and wathever you are doing there...trading capabilities and free time to trade==== how...
1. GBPUSD ..haha i was up with +80 pips on that pair on the 1st entry, thinking it could move further as of EURUSD, i entered a 2nd trade on pullback with $1/pip ..by the time i closed the basket, 2nd entry was barely break even..pheww,,,talk about greedy..
2. Sigtrader for USFLFX screen shot and H*tforex for EURUSD -my live account. I trade long term with Trading Point - 1 cent/pip .. LOL

3. again, it;s yr instinct to enter on sudden burst of price movement , i do refer to the lower TFs LFX DB ,,M15, M30, H1, H4 .. if u see all arrows with same color and direction for a distinctive period of time, this could be the signs on early breakout.. the rest are typical close observation on the index and related pairs.. as i mentioned multiple times already, I always predict the price movement thru H4 and D1 MACD1 bias...
  • #1,247
  • Nov 12, 2011 9:32am Nov 12, 2011 9:32am
Quoting SkyzerFX
Lee, fair enough, thanks. The only question I have about SigTrader.

Since you are using FLX, then you probably with the liteforex.com as your

Broker? Or maybe using Demo to read Indicators Data?

Cause I don't find a way yet, to use it with my existing broker.

Thanks again.

P.S: I see Low/High For the Day Box +Candle, what's that indy? I probably

have it somewhere but forgot what its name.
hi SkyzerFX,

yes, Sigtrader MT4 is for monitoring currency indexes only, since look like no other brokers provide the indexes.. this is is in capito's 1st post..
  • #1,248
  • Nov 12, 2011 2:50pm Nov 12, 2011 2:50pm
Quoting leekaq
hi SkyzerFX,

yes, Sigtrader MT4 is for monitoring currency indexes only, since look like no other brokers provide the indexes.. this is is in capito's 1st post..
Good-day Lee,
I have been reading your contributions on this tread for the past one week and i have been following along.
What is the profitability % on 4hrs TF weekly using this strategy with 1% risk per trade?
  • #1,249
  • Nov 12, 2011 6:09pm Nov 12, 2011 6:09pm
Problem as for any system going to be sideways Market especially

if you are using Trailing stop.. In that kind of Market TS is a killer of pips..

Let say, if you are using 35 pips TS, and it's already good pips. Seriously,

if someone can gimme guaranteed 35 pips a day, I can leave whith that. TS

will make sure you not get pips unless you catch like 300 pips moves which

is not daily event.. I think while scalping better stays away from TS..

While leaving trade overnight, TS should be used of course. IMHO.
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  • #1,250
  • Nov 12, 2011 11:59pm Nov 12, 2011 11:59pm
Quoting SkyzerFX
Problem as for any system going to be sideways Market especially

if you are using Trailing stop.. In that kind of Market TS is a killer of pips..

Let say, if you are using 35 pips TS, and it's already good pips. Seriously,

if someone can gimme guaranteed 35 pips a day, I can leave whith that. TS

will make sure you not get pips unless you catch like 300 pips moves which

is not daily event.. I think while scalping better stays away from TS..

While leaving trade overnight, TS should be used of course. IMHO.
yes, i kind of agree with on this one. As i mentioned my previous post, unless there is a clear break out i am looking to set my take profit EA to close trade at +100 pips/basket. TS of 35pips will remain on each pair for precaution. 100 pips gain for at least 5 pairs basket is like 90% probability,,
  • #1,251
  • Nov 13, 2011 1:29am Nov 13, 2011 1:29am
Totally agree with Lee and Sky on the above two posts. TP a priority and TS a precaution.
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #1,252
  • Nov 13, 2011 7:35am Nov 13, 2011 7:35am
Quoting leekaq
i am looking to set my take profit EA to close trade at +100 pips/basket.
Lee, can you please share that Take Profit EA, which can work on whole basket?

Thank you.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,253
  • Nov 13, 2011 7:43am Nov 13, 2011 7:43am
Quoting SkyzerFX
Lee, can you please share that Take Profit EA, which can work on whole basket?

Thank you.
Close All Ea : you put 100 in the setup
  • #1,254
  • Nov 13, 2011 9:21am Nov 13, 2011 9:21am
NZD retail sales will be out Monday...

Lets see how it goes. i still remain bearish on audusd , nzd usd
  • #1,255
  • Nov 13, 2011 9:22am Nov 13, 2011 9:22am
thankyou members for your support. Hope you guys enjoyed it.
  • #1,256
  • Nov 13, 2011 9:24am Nov 13, 2011 9:24am
Keep a check on the NZDUSD today. H4RSI Overbrought

lets see how the index opens today...
  • #1,257
  • Edited 10:10am Nov 13, 2011 9:57am | Edited 10:10am
Quoting Pierre
Close All Ea : you put 100 in the setup
I found it on post #92 thanks.

I think not 100, I think Equity Amount means in USD$ For example, if you have

$1000 Account and you trading $1 a pip you should set "EquityAmount" to 1100

ones it's reached, all trades will be closed, Correct me if I'm wrong.
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  • #1,258
  • Nov 13, 2011 10:08am Nov 13, 2011 10:08am
http://forexmechanics.wordpress.com/.../aud-analysis/
  • #1,259
  • Edited 8:40pm Nov 13, 2011 8:19pm | Edited 8:40pm
Halo,

I’ve been on short few days vacation and was able to only read from time to time this tread.

McNish – I’ve noticed TMS tread you suggested on your previous posts but it is still for people who can’t sleep at night
Checking chart every 4 hours to verify what is going on … - I’m afraid it’s not for me.
I’ve only read few pages of this tread and from the first look its time based exit strategy. It’s hard to tell without testing how this concept will perform applied to CICR system.

I need some time to decide what kind of exit will be used on D1 timeframe. You guys have the freedom to trade on whatever timeframe you like and this is great because from your observations I can learn a lot, and I’m really grateful for all your posts.

Anyway below is script which extracts OHLC values with LaguerreFilter_mtf and MTF RSI I’ve posted before. Date format is fully customizable along with other inputs. I do not recommend to run it during marked hours because of high CPU usage. The reason for this – many calls for iCustom() function. By default its set to extract 5 bars of given timeframe.
If someone can recode it to be less CPU “hungry” it will be great, because extracting 600 bars takes about 5min


Regards
nht
Attached File(s)
File Type: mq4 CICR_custom_export.mq4   8 KB | 332 downloads
File Type: csv CICR_AUDLFX_1440.csv   < 1 KB | 329 downloads
  • #1,260
  • Nov 13, 2011 10:22pm Nov 13, 2011 10:22pm
i mean NOW !!! or $$$
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