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Multiple Time Frame Stochastic trading using 1min charts

  • #2,401
  • May 24, 2014 2:46am May 24, 2014 2:46am
Quoting clivepackham
{quote} Morning all. Hey Punisher, is that you done for the day then 6.2 pips??? Is that your goal, just one winning trade per day and off to the beach??? Awesome discipline if it is. What happens if first trade is a loser??? Have a nice day at the beach.

hi clivepackham, sorry for delay but after the curfew here I can't come home in time at Thursday and stay by friend and we make at Friday a fishing trip.

to your ?, I check in the morning the market, my timezone is now +7 GMT.
so after lunch I try to catch the time around FO and if I have a loss I will check for more good entry's in the time frame to LO and after may one hour.
the good one on the M1 TF is you have many entry's in a short time.

but you right the discipline is the thing I work hard on that !
my goal per month is only 36 pips, so I have no pressing to do a trade every day.

cheers
  • #2,402
  • Edited 6:19am May 25, 2014 5:40am | Edited 6:19am
Quoting punisher
{quote} hi clivepackham, sorry for delay but after the curfew here I can't come home in time at Thursday and stay by friend and we make at Friday a fishing trip. to your ?, I check in the morning the market, my timezone is now +7 GMT. so after lunch I try to catch the time around FO and if I have a loss I will check for more good entry's in the time frame to LO and after may one hour. the good one on the M1 TF is you have many entry's in a short time. but you right the discipline is the thing I work hard on that ! my goal per month is only 36 pips
I'm just a bit curious
With how many Lots do you trade a trade ?

Because, when I would make a living out of forex and I would trade one standard lot, I need at least something around 30 pips a day :nerd:
On the other hand, if I would trade 10 lots, then 3-5 pips a day would be more than enough. But I would need an account of min. 100k
  • #2,403
  • May 25, 2014 6:39am May 25, 2014 6:39am
Quoting iTrade4u
{quote} How can I set 15min CCI on 1min chart, It's interesting to me that "every days high or low must be a 1 min reversal" as you said. Hopefully you will reply to me. Thank you
Hi jtrade4u,

Bit late replying as busy weekend and only just saw your post.

You can put a 15 min cci on your 1 min screen very easily, its just a matter of a mathematical calculation. I use a 14 period CCI on my 1 min timeframe so thats my base CCI period, now if I want a 14 period 15min CCI on my 1 min chart as above then all I do is times 14 (cci period) by the timeframe I want, in this case 15 min so 14 x 15 = 210.


Then I just put a cci indy on 1 min timeframe set to 210. Its that simple and of course if I want to see the 1 hour CCI under that then its 14x60=840.Example of such a chart below the idea is very similar to the guys here where you trade in the same direction as the higher timeframes when the 1 min CCI pulls back against the 15 and 1 hour trends "hit it" so as chart below shows 1 hr and 15 min CCIs are trading down so sell any 1 min CCI signals.

Hope that helps?

By the way I am soon gonna start my own Trading Systems thread based around these ideas, hopefully monday time permitting, so if you're interested in this idea keep an eye out for it.

Heres my CCI indicator too just n case you haven't already got it.
Attached Image (click to enlarge)
Click to Enlarge Name: using hrly and 15 min ccis.png Size: 63 KB
Attached File(s)
File Type: ex4 Clive's Histogram CCI.ex4   7 KB | 602 downloads
Feel the Fear and do it anyway!!!
  • #2,404
  • May 25, 2014 8:24am May 25, 2014 8:24am
Quoting clivepackham
{quote} Hi jtrade4u, Bit late replying as busy weekend and only just saw your post. You can put a 15 min cci on your 1 min screen very easily, its just a matter of a mathematical calculation. I use a 14 period CCI on my 1 min timeframe so thats my base CCI period, now if I want a 14 period 15min CCI on my 1 min chart as above then all I do is times 14 (cci period) by the timeframe I want, in this case 15 min so 14 x 15 = 210. Then I just put a cci indy on 1 min timeframe set to 210. Its that simple and of course if I want to see the 1 hour CCI under...
Hi clivepackham,

Wow, I got the idea now, many thanks to you. Of course, start the thread- I must become first subscriber of it.

It's more interesting for me, one more Q- It's better result on ECN account only, right? Which CCI is most important to follow direction 14 or 210 or 840? Have a great weekends.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 37 KB
  • #2,405
  • May 25, 2014 2:56pm May 25, 2014 2:56pm
Quoting iTrade4u
{quote} Hi clivepackham, Wow, I got the idea now, many thanks to you. Of course, start the thread- I must become first subscriber of it. It's more interesting for me, one more Q- It's better result on ECN account only, right? Which CCI is most important to follow direction 14 or 210 or 840? Have a great weekends. {image}
Hi

Well to answer your first question I think its more about a straight through broker than a market maker but thats just my opinion.

As for your other question, well, I would say follow the 15 min CCI if trading the 1 min chart.

You also need to understand how the guy who designed the CCI indicator wanted it to work. Basically anything over 100 level is considered a strong trend and you should trade in that direction so if the 15 min CCI (210) is above the 100 level then look to take the 1 min cci (14) signals.

Let me give you some examples see chart below where the 15 min CCI is over -100 level then the 1 min CCI signals are pretty good, one proviso I tend to use is if selling 1 min CCIs then the signal you're taking should be level with or lower than the previous cci signal.

I also look to sell the 1 min signals once the the 15min CCI moves below the +100 level but moving downwards. Just make sure the 1 min CCI signals are level or lower than the previous one. EG only sell double tops or lower highs.As you can see out of the 8 signals 7 are winners and just 1 loser.

Good enough for an edge I'd say wouldn't you??
Attached Image (click to enlarge)
Click to Enlarge Name: 7 out of 8 winners.png Size: 83 KB
Feel the Fear and do it anyway!!!
  • #2,406
  • May 25, 2014 3:17pm May 25, 2014 3:17pm
Quoting clivepackham
{quote} Hi Well to answer your first question I think its more about a straight through broker than a market maker but thats just my opinion. As for your other question, well, I would say follow the 15 min CCI if trading the 1 min chart. You also need to understand how the guy who designed the CCI indicator wanted it to work. Basically anything over 100 level is considered a strong trend and you should trade in that direction so if the 15 min CCI (210) is above the 100 level then look to take the 1 min cci (14) signals. Let me give you some examples...
Hi,

Excellent. I'm going to apply it by tomorrow on Live account. I will be post my trading snapshot here. Thank you again.
  • #2,407
  • May 25, 2014 6:13pm May 25, 2014 6:13pm
Quoting iTrade4u
{quote} Hi, Excellent. I'm going to apply it by tomorrow on Live account. I will be post my trading snapshot here. Thank you again.
Please be careful trading real money on 1 min charts unless you are an experoenced trader they can eat you alive.I strongly recommend you trade demo until you are profitable then use real money..All the best Clive.
Feel the Fear and do it anyway!!!
  • #2,408
  • May 25, 2014 6:33pm May 25, 2014 6:33pm
Quoting clivepackham
{quote} Hi Well to answer your first question I think its more about a straight through broker than a market maker but thats just my opinion. As for your other question, well, I would say follow the 15 min CCI if trading the 1 min chart. You also need to understand how the guy who designed the CCI indicator wanted it to work. Basically anything over 100 level is considered a strong trend and you should trade in that direction so if the 15 min CCI (210) is above the 100 level then look to take the 1 min cci (14) signals. Let me give you some examples...
hello Clive,
can you please post your template,
best regards
ramliam
  • #2,409
  • May 25, 2014 9:15pm May 25, 2014 9:15pm
Quoting Jeffray
{quote} I'm just a bit curious With how many Lots do you trade a trade ? Because, when I would make a living out of forex and I would trade one standard lot, I need at least something around 30 pips a day :nerd: On the other hand, if I would trade 10 lots, then 3-5 pips a day would be more than enough. But I would need an account of min. 100k
that's right I trade bigger Lots.

cheers
  • #2,410
  • May 25, 2014 10:06pm May 25, 2014 10:06pm
Quoting clivepackham
{quote} Please be careful trading real money on 1 min charts unless you are an experoenced trader they can eat you alive.I strongly recommend you trade demo until you are profitable then use real money..All the best Clive.
Thanks for your kindly suggest to me, actually I trade on higher time frame only and it's profitable to me. But this time I will test this 1min CCI strategy on my micro live account.
  • #2,411
  • May 25, 2014 10:15pm May 25, 2014 10:15pm
Quote
You also need to understand how the guy who designed the CCI indicator wanted it to work. Basically anything over 100 level is considered a strong trend and you should trade in that direction so if the 15 min CCI (210) is above the 100 level then look to take the 1 min cci (14) signals.
clivepackham

Perfect working, watching only.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm1.png Size: 47 KB
  • #2,412
  • May 26, 2014 12:15am May 26, 2014 12:15am
good morning Rooi and all !!

after the Indianapolis 500 yesterday, we have today Holiday in USA ( Memorial Day ) and also London close.

will see what happen

wish all a green week

cheers
  • #2,413
  • May 26, 2014 1:32am May 26, 2014 1:32am
PA slow have a fill at 138.865 small SL at 885

will babysit that
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1 26may after fo.png Size: 36 KB
  • #2,414
  • May 26, 2014 1:47am May 26, 2014 1:47am
out at a fill for +2, that my day :-)

have a ll a great Day
cheers
  • #2,415
  • May 26, 2014 1:48am May 26, 2014 1:48am
Quoting punisher
PA slow have a fill at 138.865 small SL at 885 will babysit that {image}

Morning Punisher and All

Had some other stuff to attend to today elsewhere and because of the public holiday everywhere thought I would use the time.

Looks like I didnt miss much.

Will trade tomorrow again.

All the best and good luck for the week

Rooi
We miss 100% of the shots we don't take
  • #2,416
  • May 26, 2014 3:40am May 26, 2014 3:40am
Quoting punisher
PA slow have a fill at 138.865 small SL at 885 will babysit that {image}
Buddy, which broker you use? In my FXCM account I couldn't add SL very near. Thanks
  • #2,417
  • May 26, 2014 6:16am May 26, 2014 6:16am
Market too quiet for me today with UK and USA on bank holidays but it even worked today, top trender GBPNZD and 15 min cci below -100 and a great little signal on the 1 min CCI!!!
Attached Image (click to enlarge)
Click to Enlarge Name: it works even today.png Size: 61 KB
Feel the Fear and do it anyway!!!
  • #2,418
  • May 26, 2014 6:23am May 26, 2014 6:23am
Quoting ramliam
{quote} hello Clive, can you please post your template, best regards ramliam
Hi Ramliam

Sorry so late replying but here you go my template for what its worth.

All the best Clive.
Attached File(s)
File Type: tpl Clive's 1 minute template.tpl   258 KB | 519 downloads
Feel the Fear and do it anyway!!!
  • #2,419
  • May 26, 2014 7:14am May 26, 2014 7:14am
Hi, Clive!
if I use 5 and 15 TF what CCI period can I use? 14 and 42? or other
Thanks
  • #2,420
  • May 26, 2014 8:42am May 26, 2014 8:42am
Quoting clivepackham
Market too quiet for me today with UK and USA on bank holidays but it even worked today, top trender GBPNZD and 15 min cci below -100 and a great little signal on the 1 min CCI!!! {image}
Hi,

I hope you are well today, I want to know that How is the result with M5 chart with CCI(15) and CCI(168)?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 42 KB
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