Here you go.
This is the PipTrapper-cci setup with custom indicators. Works best on M5 and M15 but you are free to try it in others.
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Enjoy
So this is how the PipTrapper CCi system is supposed to work. Keep in mind this is still a work in progress but it has yielded some good results so far on the 5 minute chart.
Buy Signal:
Price above 89smma and trending up. Wait for pullback which brings the cci histogram below zero and red (below -100) for at least 2 candles. When negative histogram turns green (above -100), execute.
Sell Signal:
Price below 89smma and trending down. Wait for pullback which brings the cci histogram above zero and red (above +100) for at least 2 candles. When positive histogram turns green (below +100), execute.
Lot sizes should be as follows based on account capital size.
0.01 per $1,000
Therefore, on a $10,000 account, lot sizes should be 0.10 and on a $100,000, you use a full standard lot (1.00) Effectively you are using a 1:1 leverage per position.
TP should be around 100 pips or once it reaches 100 pips take half the profit and trail the other half by 60%, or just trail the whole thing by 60%
As for stop loss, you have three choices as follows:
1. 50 pips
2. 100 pips
3. Once it goes at least 100 pips against you, wait for another signal to launch a rescue trade with a TP of 100 pips. You will have to calculate the lot size required in order to reach your original profit target within 100 pips
example:
Position 1: Sell 0.1 lots at 1.30, TP 1.29, SL 1.31
price goes against you to 1.31. You don't take the loss.
Instead, on a sell signal, you sell again 0.1 lots at 1.31, TP 1.30, SL 1.32
price goes down to 1.30 and you take profit
End result is trade 1 gives you $0 profit and trade 2 gives you $100.
If you only take position 2 for $100 and leave position 1 with an SL of 50 pips, you have a chance of grabbing more pips if price keeps going down in exchange for risking half the profit you just made.
This system is designed to capture the best entry and exit points based on mathematical harmonics. It is up to you to determine, based on current supply and demand zones, how much of a TP and SL you want to put in place. It is not a complete trading system, just one that takes the fear out of the execution process.
Let me know how it works for you. Best of luck.
Remember to use it in a demo to get the hang of it before trying it live.
ADD: One thing I forgot to mention was that I have found it works best when used between 7am GMT and 4pm GMT
Those who say it cannot be done should not interrupt those who are doing it
