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Magic-Breakout (optimised) with PPA - a new beginning

  • #281
  • Sep 21, 2013 9:53am Sep 21, 2013 9:53am
Hi everyone

Trade explorer looking good for next week as Gold and AC are on the slide!

I have posted my one hour chart which I am now using almost exclusively to trade with. If the trend is strong, simply click down to the lower TF that applies (see example below)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 48 KB
Click to Enlarge Name: xauusdm15.png Size: 43 KB
  • #282
  • Sep 21, 2013 1:43pm Sep 21, 2013 1:43pm
Nice charts
  • #283
  • Sep 22, 2013 5:02pm Sep 22, 2013 5:02pm
Quoting TheMaxx
Nice charts

Thanks TheMaxx.

Here the same chart with break out boxes added which I admit do help to identify ranging "flat periods", Break out of the boxed areas leads to an awful lot of pips (around 900 in 3 days in the case of XAUUSD) !
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm30.png Size: 48 KB
  • #284
  • Sep 23, 2013 3:57am Sep 23, 2013 3:57am
Thanks - breakout boxes are very powerful, I agree 100%.
  • #285
  • Sep 24, 2013 6:48am Sep 24, 2013 6:48am
I found this forum because I was in the process of examining the potential use of the CCI and what you call PPA as part of a trading system. So I am very much appreciative of finding your good work.

I now continue the process of understanding and tweaking it all into a system that I both feel confident with and can comfortably use. (Wanting to make it my own.) Once I get to a point where I have gleaned any useful information and insights I will post them.

In the mean time, I am wanting to test the FXPT CCI expert advisor that you have posted. Also, I tried to open the Truemoneymanagment file, but it wouldn't open. Said it was corrupted. Jerry, in regard to this, per your posting instructions, (I think) I emailed you for your insights and guidance.

Thanking all in advance.

Be well.
Karli
  • #286
  • Sep 25, 2013 2:21pm Sep 25, 2013 2:21pm
Quoting Kaydoubleyou
I found this forum because I was in the process of examining the potential use of the CCI and what you call PPA as part of a trading system. So I am very much appreciative of finding your good work. I now continue the process of understanding and tweaking it all into a system that I both feel confident with and can comfortably use. (Wanting to make it my own.) Once I get to a point where I have gleaned any useful information and insights I will post them. In the mean time, I am wanting to test the FXPT CCI expert advisor that you have posted. Also,...
Hi Karli

I'm afraid that the MM function does not work. Sorry!

If you want to adjust the lots, be sure to open the EA in your MT4 editor and change these two parameters:

1. extern double Lots = 0.02; (or whatever you want)
2. Lots=0.02;
if (!IsTesting()){
Lots=0.02;

Also I am finding that it's better to use a high signal line setting like 60 or even more. Try 60, 80, 120
  • #287
  • Oct 2, 2013 5:25pm Oct 2, 2013 5:25pm
Hi everyone

(Karli - did you get anywhere with the EA?)

Well I am very much still trading:

1/ PPA (predictive price action) around the BRN's and it works great on my selected trading pairs
2/ Trading the CCI breakout EA almost set and forget on one particular pair - if you can find another one like it please let me know!
3/ Trading "price_bounce_off_ma" EA on all pairs when there is a nice trend developing intraday


Guys PM me if you want set up info
  • #288
  • Oct 2, 2013 5:29pm Oct 2, 2013 5:29pm
Forgot to mention that the MM function DOES work on the "price_bounce_off_ma" EA

NOT working on the FXPT_CCI ea
  • #289
  • Oct 3, 2013 8:36am Oct 3, 2013 8:36am
Hi everyone

Just put up a new Trade Explorer - using all 3 strategies to give you an idea
  • #290
  • Edited Oct 4, 2013 1:20pm Oct 3, 2013 2:09pm | Edited Oct 4, 2013 1:20pm
Hello all,

Quick update.

Last week I set up the FXPT_CCINRPadv ea on the Eur/Usd and got a few small profitable trades. Then I made some setting changes and got no profitable trades indicated. Am now going back through the code and through the thread to understand how it works and how to properly set it up and use it.

Yesterday changed some settings and reloaded it. It indicated a trade (via the vertical line), but did not initiate it. Why? I will go back and take another look at the settings.

P.S. I could not open the file "Truemoneymanagement.pdf". Adobe said it was damaged. Thoughts? Thanking you in advance.

Karli
  • #291
  • Oct 4, 2013 5:48pm Oct 4, 2013 5:48pm
Quoting Kaydoubleyou
Hello all, Quick update. Last week I set up the FXPT_CCINRPadv ea on the Eur/Usd and got a few small profitable trades. Then I made some setting changes and got no profitable trades indicated. Am now going back through the code and through the thread to understand how it works and how to properly set it up and use it. Yesterday changed some settings and reloaded it. It indicated a trade (via the vertical line), but did not initiate it. Why? I will go back and take another look at the settings. P.S. I could not open the file "Truemoneymanagement.pdf"....
Hi Karli

Sorry I've lost that PDF file.

Would really like to get the MM function working on the FXPT_CCINRPadv ea because it would help a lot. I will see if I can do it myself!

I am going to post a FXPT_CCINRPadv ea over the weekend that I've adjusted to give very exciting results.

Rgds

Jerry
  • #292
  • Oct 4, 2013 5:54pm Oct 4, 2013 5:54pm
Hi everyone

It was a great trading day today with some really nice trends especially on GU, GBPAUD and GBPNZD

I didn't trade them unfortunately as I was again not around much so I traded my new GOLD 15 min chart breakout strategy to very nice effect on my (small) live account. Just a word of warning with GOLD - generally it's better to trade GOLD during the US session (after 1.00pm GMT) and very occasionally during the Asian session. Otherwise one can be caught by false breakouts and stop grabbers
as many probably did today!


Over the weekend I am going to help new followers on the thread to understand the "price bounce" and CCI breakout strategies using our automated system.
  • #293
  • Edited 3:44pm Oct 5, 2013 9:40am | Edited 3:44pm
Hi everyone
As promised I'm going over the two main semi-automated strategies that I'm trading and I would recommend them to new traders because they are fairly easy to trade and have a high percentage win rate

I'm a strong believer in responsive trading - i.e. trade ONLY "in response to" a strong move (trending situation) not "in anticipation of"!

The problem that nearly all of us small forex traders is WHERE to open our trade? WHERE and WHEN is the right "trigger point" time?

OK that's why I use the 1hr vegas tunnel method on the 1 hr chart to look for "trigger" areas. What we want to see is price action SHOOTING away from the tunnel centre. Either strongly bouncing off or shooting through from the other side like happened on GU yesterday early morning.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 46 KB
  • #294
  • Oct 5, 2013 10:59am Oct 5, 2013 10:59am
Quoting jmtini
Hi everyone As promised I'm going over the two main semi-automated strategies that I'm trading and I would recommend them to new traders because they are fairly easy to trade and have a high percentage win rate I'm a strong believer in responsive trading - i.e. trade ONLY "in response to" a strong move (trending situation) not "in anticipation of"! The problem that nearly all of us small forex traders is WHERE to open our trade? WHERE and WHEN is the right "trigger point" time? OK that's why I use the V1hr vegas tunnel method on the 1 hr chart...

Hi Jmtini
Wish you more success.I trade - zones but without lot of indicators.Problem is I find when one waits for price to go under Vegas as in your example above on GU price fell from 6250 but cleared Vegas 6115 that's over 100pips missed on the move.
Challenge is to catch 70-80% of the move not 20% which usually occurs after all the indicators line up.Like I said wish you well.
In trading, you have to be defensive and aggressive at the same time
  • #295
  • Oct 5, 2013 11:44am Oct 5, 2013 11:44am
Jmtini
Not trying to change your system but adding different perspective.
Vegas to me is lagging MA's and one does not need 10MA's to tell which way trend is moving.In fact one doesn't need any MA's at all for that but I do keep 200 and 100 for floating S/R
I noticed your CCI is beautiful by itself.Draw a box around say area of consolidation.Once price breaks that and matches with CCI then you know you are good to go.
Taking consideration of sentiment,news one should be able to trade this system with traditional proven methods of breaking outs,TL and S/R zones.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.m5.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #296
  • Oct 6, 2013 8:02am Oct 6, 2013 8:02am
Quoting Davit
Jmtini Not trying to change your system but adding different perspective. Vegas to me is lagging MA's and one does not need 10MA's to tell which way trend is moving.In fact one doesn't need any MA's at all for that but I do keep 200 and 100 for floating S/R I noticed your CCI is beautiful by itself.Draw a box around say area of consolidation.Once price breaks that and matches with CCI then you know you are good to go. Taking consideration of sentiment,news one should be able to trade this system with traditional proven methods of breaking outs,TL...

Hi davit

Thanks for your input. Certainly break-out from consolidation areas is a strategy many people use. If you want to adopt this strategy I suggest you join the thread where they use that system (there is one but I can't remember what it's called). I would never trade it naked as you suggest because it's exposed to "stop grabber" and false breakout tactics as very commonly used every day in the market! I have posted the same chart time frame that you posted above and I have circled the "stop grabbers" and also note the arrow point where we would trade it with our bounce off EMA system. However, I wouldn't have traded EU on Friday because price action was still above the daily trend DASR.

The other problems with consolidation breakout trading is that one never knows when the breakout is going to occur and one is forced to use pending order - recipe for disaster in my opinion. I suggest using 1 hr vegas tunnel on the 1 hour chart as our "trend guide" because it well represents the daily trend. Above we only look for buy trades and below we look for sell trades. Breakthrough of the tunnel with strong action well represents a trend change thus we would look for sell trades instead of buy trades (in the case of GU).

I do use a similar idea to what you suggest on XAUUSD because Gold is breakout paradise! However I use the consolidation box idea WITH the added filter of breakthrough of the corresponding DASR as represented by the relevant time frame Vegas tunnel. Taking the EU example you posted is a good example. When price action broke upwards for that consolidation area, candle did not shoot through or close above 15 min DASR thus perfect point to bounce a trade off for lots of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 46 KB
  • #297
  • Oct 6, 2013 8:23am Oct 6, 2013 8:23am
Hi everyone

Right - let's carry on with our semi-automated "price_bounce_off_ma" strategy. OK, we wake up last Friday morning (if we live in Europe) and we see that price action has shot through our vegas tunnel on the GBPUSD 1 hour chart (which we ALWAYS keep open to look for the intraday trend indication!!). I have reposted the GU 1 hour chart as it looked at around 8.30am. So what do we do? Well PA is far away from our 12 EMA isn't it? So we want it closer so that we can find a place to bounce a nice trade off because WE NEVER CHASE A MOVE! We eventually get down to the 5 min chart and PA still a distance away so GOOD we set up our "price_bounce_off_ema" ea to bounce off the 24/26 EMA (use 24/26 ema ON 5MIN/15MIN Chart) and "hey presto" it does at around 10.15am for a sweet 70 pips or so! If we keep going we notice that PA breaks through our bounce EMA so we GO UP to the 15 MIN CHART and "hey presto" we get a great bounce at around 3.45pm for another 70 pips or so. We could have traded it live or just set up our EA to do it for us!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 44 KB
Click to Enlarge Name: gbpusdm5.png Size: 42 KB
Click to Enlarge Name: gbpusdm15.png Size: 40 KB
  • #298
  • Oct 6, 2013 10:31am Oct 6, 2013 10:31am
ANOTHER EXAMPLE

OK lets look at USDJPY nicely below our 1 hour tunnel over the last few days. As we click down to the 30 min chart, we note that PA has bounced very nicely off the 30 min DASR so although we might not have taken the trade last Friday due to it being the end of the week we now can manually watch the trade to look for the bounce. NOT a time to be long on UJ
Attached Image (click to enlarge)
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  • #299
  • Oct 6, 2013 2:21pm Oct 6, 2013 2:21pm
CCI STRATEGY

Hi everyone

For those that are seriously following my journal and know what I'm talking about when I mention our FXPT_CCI ea.

Well the good news is that I have changed the code a bit on our ea which makes a a whole lot better. In fact on testing, I'm getting double the pips then with the old configuration.

The great thing is that we can simply use the SAME SET-UP parameters as I've outlined above. Price below 1 hour DASR (tunnel) ONLY sell trades and price above 1 hour DASR (tunnel) ONLY buy trades - that's it!

To give you an idea, I've posted a strategy testing result on the AUDCHF trading pair (a very nice trading pair for our system) for the period 19/09/2013 until 30/09/2013 when price action was nicely below our DASR (tunnel). Started with a $100 account balance and traded mico lots 0.03 cents per pip - increased balance to $232

I am NOT going to make the revised ea (plus instructions) public because I am not interested in those people who are simply "just looking but prefer my own strategy, thank you" - ONLY those who are seriously going to trade our system AND post their trades here - If you will then just PM me or email me for configuration instructions.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF 19th to 30th Sept.gif Size: 12 KB
  • #300
  • Oct 7, 2013 5:57am Oct 7, 2013 5:57am
Hi everyone

Well I was right about USDJPY wasn't I? Could have taken the bounce last Friday - oh well!

GU, EU, GA, GZ all in retracement mode and as they are well underneath the 1 hr DASR I would suggest holding off.

Possible set-up on AUDCHF as we had a nice breakthrough of the 1 hour DASR this morning. IF it holds we can look to set up our revised FXPT ea later today as we can hope to skim a few pips over the next few days!
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