3 CCIs 'Flag' Trading | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Flag trading the trend 11,179 replies

SCM Dashboard (STOs, CCIs, MAs, multiple strategies combo) 289 replies

1 Min THV Flag Trading 933 replies

FLAG POWER 1 reply

Current Candle Closed flag 3 replies

Attachments: 3 CCIs 'Flag' Trading
Exit Attachments

3 CCIs 'Flag' Trading

  • #21
  • Dec 8, 2011 1:11pm Dec 8, 2011 1:11pm
Truthfully, I have also observed that the EA misses some valid trades. I think the reason for that is due to the fact that the nearest fractal were not yet formed at time of signal and the last fractal the EA uses will be more than 11pips to high/low of signal bar.
I am trying to gather more details and clues to forward to the EA developer for adjustment to the EA and will welcome whatever you gather too.
For your records, please just continue to note every valid trades.
Quoting Aztrader2
Ok for short trade (cancelled) because not taken between 3 bars......

I marked one long trade and 2 short were EA didn't set the pending orders also if all conditions are met.... what about?

Thanks!
  • #22
  • Dec 9, 2011 2:16am Dec 9, 2011 2:16am
fosters

Please give me your template for MT4
to try manual traiding for this system
  • #23
  • Dec 9, 2011 2:24am Dec 9, 2011 2:24am
it would cut almost 50% loss... if you guys applied 5 pip trail stop...
  • #24
  • Edited 7:16am Dec 9, 2011 4:24am | Edited 7:16am
Quoting fosters
thanks for your input. From the little visual backtests I did, the SMAs don't seem to work better than the CCIs unless there are some other things I am yet to know about them.
And thats the whole point, CCI is no better than MAs' and MAs' are not better than CCI, since they CROSS AT THE SAME TIME,
then you might as well use a generic MA crossover EA ?

If 5 SMA > 25 SMA && 25 SMA > 100 SMA = buy ......which is equal to your CCI 8, CCI 40 and CCI 120 being above 0 level...opposite for sell

It'd be much simpler ... at least lets not make it seem like CCI is so much any thing different (although can work out divergence) or CCI works better than MAs,
  • #25
  • Dec 9, 2011 6:13am Dec 9, 2011 6:13am
Quoting Aztrader2
Ok for short trade (cancelled) because not taken between 3 bars......

I marked one long trade and 2 short were EA didn't set the pending orders also if all conditions are met.... what about?

Thanks!

I don't think any of the three you marked meet the rules, as I understand them.
  • #26
  • Dec 9, 2011 6:33am Dec 9, 2011 6:33am
the CCI is the best indicator for my

why not use the original version ... play with it

The CC120 is well ... expected for example that crosses the 0 ... and looking for a good retracment the CCI 8 or 14 (I prefer 14) ... or search for differences ... sl could move and when cci120 reaches 100 ....

should not complicate things .... you could also look for patterns of candles to go ....

to me at first I was going .... I put a thousand indicators contradicted ... but I realized that everything was much easier
Attached Image (click to enlarge)
Click to Enlarge Name: simple .-..gif Size: 103 KB
  • #27
  • Dec 9, 2011 10:04am Dec 9, 2011 10:04am
attached with required indicators.
Quoting shushik
fosters

Please give me your template for MT4
to try manual traiding for this system
Attached File(s)
File Type: tpl 3-cci-flag.tpl   3 KB | 431 downloads
File Type: mq4 CandleTime THV.mq4   2 KB | 376 downloads
File Type: mq4 !Retracement Finder.mq4   7 KB | 410 downloads
File Type: mq4 !Retrace_Finder_CCI.mq4   4 KB | 456 downloads
  • #28
  • Dec 9, 2011 10:09am Dec 9, 2011 10:09am
Thanks you for your input. I have actually thought about it earlier but decided against it for the fact that it would cut wins too (though don't know by what %), so I resigned myself to the statistical win/loss/be. Please I would be interested if you can try it and give us the result.
Quoting only1kader
it would cut almost 50% loss... if you guys applied 5 pip trail stop...
  • #29
  • Dec 9, 2011 10:24am Dec 9, 2011 10:24am
I am not making any comparison nor proving CCi over MA, but asides divergence which you referred to which is not even part of this system, CCI is far visually better than MAs. I did a quick visual test yesterday when you mentioned it and concluded is better to stick to CCI.

Thanks for your input.
Quoting cspip
And thats the whole point, CCI is no better than MAs' and MAs' are not better than CCI, since they CROSS AT THE SAME TIME,
then you might as well use a generic MA crossover EA ?

If 5 SMA > 25 SMA && 25 SMA > 100 SMA = buy ......which is equal to your CCI 8, CCI 40 and CCI 120 being above 0 level...opposite for sell

It'd be much simpler ... at least lets not make it seem like CCI is so much any thing different (although can work out divergence) or CCI works better than MAs,
  • #30
  • Dec 9, 2011 10:32am Dec 9, 2011 10:32am
Thanks for your input. Pity we have language barrier as what you translated did not really fully express your thoughts to us. It's great you are using CCI to advantage.
Hoping to read further from you.
Quoting porfirio
the CCI is the best indicator for my

why not use the original version ... play with it

The CC120 is well ... expected for example that crosses the 0 ... and looking for a good retracment the CCI 8 or 14 (I prefer 14) ... or search for differences ... sl could move and when cci120 reaches 100 ....

should not complicate things .... you could also look for patterns of candles to go ....

to me at first I was going .... I put a thousand indicators contradicted ... but I realized that everything was much easier
  • #31
  • Dec 10, 2011 4:12am Dec 10, 2011 4:12am
Quoting fosters
attached with required indicators.
thanks
  • #32
  • Dec 13, 2011 9:37am Dec 13, 2011 9:37am
I have requested for the EA to be based on Swing High/Low instead of Fractal. The Swing High/Low will be a three bar combination. A bar preceded and succeeded by higher lows/lower highs.This should completely eliminate missing trades by the EA.
Quoting fosters
Truthfully, I have also observed that the EA misses some valid trades. I think the reason for that is due to the fact that the nearest fractal were not yet formed at time of signal and the last fractal the EA uses will be more than 11pips to high/low of signal bar.
I am trying to gather more details and clues to forward to the EA developer for adjustment to the EA and will welcome whatever you gather too.
For your records, please just continue to note every valid trades.
  • #33
  • Dec 13, 2011 1:33pm Dec 13, 2011 1:33pm
Quoting porfirio
the CCI is the best indicator for my

why not use the original version ... play with it

The CC120 is well ... expected for example that crosses the 0 ... and looking for a good retracment the CCI 8 or 14 (I prefer 14) ... or search for differences ... sl could move and when cci120 reaches 100 ....

should not complicate things .... you could also look for patterns of candles to go ....

to me at first I was going .... I put a thousand indicators contradicted ... but I realized that everything was much easier

Hi Porfirio,

could you explain better how do you enter a trade, and how do you exit?
Thanks!
  • #34
  • Dec 13, 2011 2:52pm Dec 13, 2011 2:52pm
Quoting fosters
I am not making any comparison nor proving CCi over MA, but asides divergence which you referred to which is not even part of this system, CCI is far visually better than MAs. I did a quick visual test yesterday when you mentioned it and concluded is better to stick to CCI.

Thanks for your input.
++++++++++++++++++++++++++++++++
Spot on Foster. MA's keep moving around and hide behind candles. Stick with CCI. Best indicator I've found. Maybe Alf is a close 2nd.

Darryl
  • #35
  • Dec 13, 2011 2:57pm Dec 13, 2011 2:57pm
Quoting fosters
I have requested for the EA to be based on Swing High/Low instead of Fractal. The Swing High/Low will be a three bar combination. A bar preceded and succeeded by higher lows/lower highs.This should completely eliminate missing trades by the EA.
++++++++++++++++++++++++++++++++
This should work just as well. The real key to success using this strategy is momentum. Only trade 3 hours from FF Open (1st two hours of London open) and 8:30 am NY time to 11:30 am NY time. It is possible this strategy will work at other times but it is dependent on momentum for high strike rate.

Darryl
  • #36
  • Dec 13, 2011 3:05pm Dec 13, 2011 3:05pm
Divergence (originator of Flag trade referenced here) and I have made several videos posted to Vimeo. They are free, of course, but not open to the anyone.

If you have a vimeo acct, send me a message through vimeo. I will add you to the contact list for viewing all vids.

This is link to using Flag on one minute: http://vimeo.com/26547430

This link is showing how useful Datawindow on MT4 can be: http://vimeo.com/26543508

Darryl
  • #37
  • Dec 13, 2011 3:57pm Dec 13, 2011 3:57pm
Once price got moving today, here were set ups for EU.

The 3rd & 4th Flags were not taken because of shallow retrace. Unless there is very strong momentum, I will usually avoid retraces of less than 10 pips. The trade marked "2nd Set Up" was slightly less than 10 on my platform, but I took it because price had made a break of 1.3200 and remained below the figure.

There were also 2 set ups on the aud/usd. See if you can find them.

Darryl

"Today, I would like to become the man my dog thinks I am." ~ Jack Thomson 
Entrepreneur
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 44.png Size: 56 KB
  • #38
  • Dec 15, 2011 10:52am Dec 15, 2011 10:52am
Thanks for posting here. Really you are right about the momentum and hours of trading, but I am trying to see if I can get a purely mechanical trading based on simple rules. So the outcome would just depend on the statistical win/lose/be at the end of the day. The system is doing just that YET but needs fast fingers which I don't have hence the (request for) EA.
Quoting diamonddbw
++++++++++++++++++++++++++++++++
This should work just as well. The real key to success using this strategy is momentum. Only trade 3 hours from FF Open (1st two hours of London open) and 8:30 am NY time to 11:30 am NY time. It is possible this strategy will work at other times but it is dependent on momentum for high strike rate.

Darryl
  • #39
  • Dec 15, 2011 10:55am Dec 15, 2011 10:55am
I am on your Vimeo buddy list already and have followed and watched all Divergence videos
I referenced Divergence thread too in my 1st post here together with a specific post in it that spurred this evolution.
Quoting diamonddbw
Divergence (originator of Flag trade referenced here) and I have made several videos posted to Vimeo. They are free, of course, but not open to the anyone.

If you have a vimeo acct, send me a message through vimeo. I will add you to the contact list for viewing all vids.

This is link to using Flag on one minute: http://vimeo.com/26547430

This link is showing how useful Datawindow on MT4 can be: http://vimeo.com/26543508

Darryl
  • #40
  • Dec 15, 2011 2:40pm Dec 15, 2011 2:40pm
Quoting fosters
Thanks for posting here. Really you are right about the momentum and hours of trading, but I am trying to see if I can get a purely mechanical trading based on simple rules. So the outcome would just depend on the statistical win/lose/be at the end of the day. The system is doing just that YET but needs fast fingers which I don't have hence the (request for) EA.
++++++++++++++++++++++++++++++++

My work around for "Fast Fingers" is to have preset stop/limits, in excess of individual trade parameters. Then, once in the trade I first fine tune my stop and then the limit.

Another variation to manual trading the flag is to book 1/2 profit at +10 and then complete profit at 15 or any variation of that. Depending on momentum I may let trade run longer, of at least close most at +15 and leave a small runner, ala Jesse Livermore.
Darryl
0 traders viewing now