My new candy maker (simple stoch & CCI system) | Forex Factory

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My new candy maker (simple stoch & CCI system)

  • #1
  • First Post: Edited Jul 30, 2021 6:40am Jul 11, 2014 5:44pm | Edited Jul 30, 2021 6:40am
Hi all,

Timeframe: M15 or more
Pairs: Any
Indicators:
-MTF stoch (I'm using the stoch 5,3,3 on H1 but you can use the 13,5,8 on M15 which is less laggy)
-CCI w/ simple smoothing (period 21, smoothing 3)

Entry long:
2 conditions: fast stoch over slow stoch + CCI cross -60 line from below
Exit long:
1 condition: fast stoch crosses slow stoch from above

Entry short:
2 conditions: fast stoch under slow stoch + CCI cross 60 line from above
Exit short:
1 condition: fast stoch crosses slow stoch from below

I will be running this on FxOpen next week.

Edit: typo
Attached File(s)
File Type: ex4 #MTF Stochastic v2.0.ex4   8 KB | 2,297 downloads
File Type: mq4 CCI_Smooth.mq4   4 KB | 2,843 downloads
You'll always miss 100% of the shots you don't take.
  • #2
  • Jul 11, 2014 7:05pm Jul 11, 2014 7:05pm
A xmas tree gragh will ALWAYS make you broke at Xmas...
  • #3
  • Jul 11, 2014 7:22pm Jul 11, 2014 7:22pm
that looks good ! thank you!
  • #4
  • Jul 11, 2014 7:28pm Jul 11, 2014 7:28pm
Someone could code this into an EA in about 25 minutes. IT will probably require some more knowledge of the market than simply trading each signal blindly (like a robot), but I appreciate you sharing!
Small disciplines repeated with consistency lead to great achievements.
  • #5
  • Jul 11, 2014 7:50pm Jul 11, 2014 7:50pm
Looks very interesting. One thing iv noticed when trying to create a system like this and at first glance of the chart is they Stochs cross at the same time the cci breaks the 60 or -60 level so you could probably remove one of the indicators(same as the tms method with stochastics, big e eventually removed the Stochs cause the TDI basically crosses the exact same candle the Stochs cross)
Luck is what happens when preparation meets opportunity
  • #6
  • Edited 11:43pm Jul 11, 2014 8:46pm | Edited 11:43pm
Quoting Edorenta
Hi fellows, first of all let me apologize for the limited quality of my english I'm trying and bulding systems for month as I'm looking for a good and simple way to make steady profits. I just came across this today trying some crazy stuff let me know what you think of it: Timeframe: M15 or more Pairs: Any Indicators required: -MTF stoch (I'm using the stoch 5,3,3 from H1 but you can use the 13,5,8 on M15 which is working pretty well too) -CCI simply smoothed (smoothed on 3 candles, 21) Entry long: 2 conditions: fast stoch over slow stoch + CCI...
hi Edorenta,

first of all. i wish you good luck for success of your endeavour and thread.

a word of caution, though...

we need to keep in mind that when we use h1 stoch on m15, though the crossovers seem to be in the right places on m15 while eyeballing history, they are available for decision-making during live trading only when the h1 candle closes which would be several candles later viewed on m15.

cheers!
  • #7
  • Jul 12, 2014 2:19am Jul 12, 2014 2:19am
...not to mention this chart is a range bound market. Not going to work too well in a trending environment I fear.
  • #8
  • Jul 12, 2014 2:43am Jul 12, 2014 2:43am
Quoting mezarashii
...not to mention this chart is a range bound market. Not going to work too well in a trending environment I fear.
I feel like this would be the opposite. Lagging indicators usually only work well in trending markets and it's once your in a range market you get chopped to bits.
Luck is what happens when preparation meets opportunity
  • #9
  • Jul 12, 2014 4:09am Jul 12, 2014 4:09am
Thanks for the feedbacks every body

Quoting mezarashii
...not to mention this chart is a range bound market. Not going to work too well in a trending environment I fear.
Well I observed the opposite as the stoch H1 is filtering M15 noise it's not crossing against the trend

Quoting pgd
{quote} hi Edorenta, first of all. i wish you good luck for success of your endeavour and thread. a word of caution, though... we need to keep in mind that when we use h1 stoch on m15, though the crossovers seem to be in the right places on m15 while eyeballing history, they are available for decision-making during live trading only when the h1 candle closes which would be several candles later viewed on m15. cheers!
You're right in the way that I have to wait the end of the hour to observe a cross, however it allows me to filter noisy crosses as giving by the M15 stoch, mainly in trendy markets

Quoting jmflukeiii
Someone could code this into an EA in about 25 minutes. IT will probably require some more knowledge of the market than simply trading each signal blindly (like a robot), but I appreciate you sharing!
Anybody? Ahah.
I just have the feeling that with one more indicator to filter non interesting trades this strategy could give even greater results, any idea?

PS: ShanghaiMoon, believe me the CCI itself is much more noisy than the stoch, even smoothed. In trendy markets the H1 stoch avoids countertrend entries and makes it safer. I would not really compare it with the TDI even though I like the TDI
You'll always miss 100% of the shots you don't take.
  • #10
  • Jul 12, 2014 4:56am Jul 12, 2014 4:56am
Quoting Edorenta
You're right in the way that I have to wait the end of the hour to observe a cross, however it allows me to filter noisy crosses as giving by the M15 stoch, mainly in trendy markets {quote}I
As said to you by pgd:
this is your problem. 15m will show you something, youll have to wait for 1h to close..that means 4x 15m candle delay or even 4x 15m candle early...

your picture looks great, but you have to put stop arrows one candle to the right, which gets you a crossing to get out, not the first candle.

if you have a programmer to program you this..youll see this is not profitable
stat will see if we are right or wrong
  • #11
  • Jul 12, 2014 9:04am Jul 12, 2014 9:04am
Hi Guys,

Why is everyone so fixated with repainting??. If the stochs give you an accurate representation in hindsight of where this CCI indicator becomes a valid trigger entry it becomes sort of like a back check for you to consider the effectiveness of the CCI entry. So if the backcheck on the stochs match with the CCI entry learn to trust the CCI trigger entry

Just a thought
  • #12
  • Jul 12, 2014 9:48am Jul 12, 2014 9:48am
Quoting Leon 14
Hi Guys, Why is everyone so fixated with repainting??. If the stochs give you an accurate representation in hindsight of where this CCI indicator becomes a valid trigger entry it becomes sort of like a back check for you to consider the effectiveness of the CCI entry. So if the backcheck on the stochs match with the CCI entry learn to trust the CCI trigger entry Just a thought
You mean that the stoch is useless and I should just trust the CCI trigger? Cause even though the results re just slightly different look at the end of the chrt for example the stoch cross didn't occur yet but the CCI already sent a trigger that was actually noisy and the profit is much higher waiting few hours for the stoch cross
You'll always miss 100% of the shots you don't take.
  • #13
  • Jul 12, 2014 10:29am Jul 12, 2014 10:29am
Ok I see what You mean now, you wait for the hourly stochs to cross before you look for the CCI entry. Not saying you must discard the stochs. Anyway better to visualize it in forward testing
  • #14
  • Jul 16, 2014 12:19am Jul 16, 2014 12:19am
Quoting Edorenta
Thanks for the feedbacks every body {quote} Well I observed the opposite as the stoch H1 is filtering M15 noise it's not crossing against the trend {quote} You're right in the way that I have to wait the end of the hour to observe a cross, however it allows me to filter noisy crosses as giving by the M15 stoch, mainly in trendy markets {quote} Anybody? Ahah. I just have the feeling that with one more indicator to filter non interesting trades this strategy could give even greater results, any idea? PS: ShanghaiMoon, believe me the CCI itself is...
I disagree about your comment that the CCI is noisy. With the right parameters, CCI is a wonder.
  • #15
  • Jul 16, 2014 6:32am Jul 16, 2014 6:32am
Quoting rayphua
{quote} I disagree about your comment that the CCI is noisy. With the right parameters, CCI is a wonder.
Hey,
What are the right setting for you? Are you using it as a main indi or do you use it to filter an other trigger?
You'll always miss 100% of the shots you don't take.
  • #16
  • Jul 17, 2014 12:25am Jul 17, 2014 12:25am
Quoting Edorenta
{quote} Hey, What are the right setting for you? Are you using it as a main indi or do you use it to filter an other trigger?
I use something similar to how CCI works, as a main indicator, with another indicator as a filter to weed out the dead zone.
  • #17
  • Jul 17, 2014 8:44am Jul 17, 2014 8:44am
Quoting rayphua
{quote} with another indicator as a filter to weed out the dead zone.
May I ask you what kind of filter? Something like a minimum volume filter or a technical indicator?
You'll always miss 100% of the shots you don't take.
  • #18
  • Jul 17, 2014 8:19pm Jul 17, 2014 8:19pm
seem... work system.... start forward test today
  • #19
  • Jul 18, 2014 5:38pm Jul 18, 2014 5:38pm
Quoting mezarashii
...not to mention this chart is a range bound market. Not going to work too well in a trending environment I fear.
Agreed - you will get countertrend signals that don't go anywhere...
  • #20
  • Jul 18, 2014 9:34pm Jul 18, 2014 9:34pm
Quoting Edorenta
{quote} May I ask you what kind of filter? Something like a minimum volume filter or a technical indicator?
I use a form of support and resistance indi, proprietary.

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