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  • #5,281
  • Apr 19, 2015 3:30pm Apr 19, 2015 3:30pm
Great summary Clive.

I know we've spoken about this before, but I'm still having a mental block on this one. Have you been managing to catch many first entries from a chart that was a top trender at the time?

Attached Image (click to enlarge)
Click to Enlarge Name: Perfect entry on The good old one two strategy.png Size: 59 KB


Wishing you all the best with your forward testing
  • #5,282
  • Apr 19, 2015 3:32pm Apr 19, 2015 3:32pm
Quoting skyway
{quote} @honestknave, Separate window with 8 divider box each contain the individual top 8 histogram for, say 10 bars.....possible ?
Yes, certainly possible.
I'll see how busy this week turns out to be and hopefully take a look at coding something.
  • #5,283
  • Apr 19, 2015 4:03pm Apr 19, 2015 4:03pm
Quoting honestknave
Great summary Clive. I know we've spoken about this before, but I'm still having a mental block on this one. Have you been managing to catch many first entries from a chart that was a top trender at the time? {image} Wishing you all the best with your forward testing

That use to be a big issue with the old 100lwma that I used as very often the top trenders were well past they're sell by dates. What I mean is yes too late to catch the first and second entries. However the new 120HMA TTindy is definitely bringing us to the right charts at the right time. You may struggle to catch the first cCI signal but definitely there in time for the 2nd onwards and in many cases the first too..

I'm more than happy now that we are getting to pairs at the right time as quite often the earlier signals can fail but by the time its top of the new TTindy using the 120HMA the new trend is nicely set and going strong so very tradable..

One word of warning is to look out for when it opens a chart up that is trending strongly but obviously for quite a while and theres been say 6 or 7 signals aleready then I would say tread carefully because its trend could be just about to end...Far better to trade the earlier CCI signals in the trend..

One thing I didn't mention today is my new reversal trade where a top trender has been going for sometime and is looking tired. This is an ideal time to look for a reversal in the opposite direction to the way its trending.

I'm then looking for a LLLH sequence in an uptrend or a HHHL sequence in a downtrend...

Heres a chart of GBPAUD showing exactly what I mean..

Attached Image (click to enlarge)
Click to Enlarge Name: reversal signal.png Size: 63 KB


Notice the HLHH sequence of the uptrend when all of a sudden it throws in a LL, this makes me suspicious of the existing uptrend is weakening but I'm not going to just start selling. I wait for confirmation of the new downtrend by the next CCI sell signal being a LH.

Now I can sell that CCI sell signal and after the 2nd LL I can also sell the next CCI sell signal. Also by this time the HMA has turned red and price is nicely under the 120HMA.....

You will often find these reversal signals in top trenders that have been going one way for quite a while as its caused by traders taking their profits from the previous strong trender...

This is another way to trade top trenders and a way to get into the new trend at the first pullback...

So now we have two ways to trade top trenders...

 

  1. The continuation trade where we trade the strong trend getting into it as early as possible.
  2. The reversal trade as described above where we can expect strong trenders to turn over quickly as traders rush to take their profits from the previous run.


I suggest anyone new to trading 1 minute charts sticks to the continuation trade trading with the trend before going onto the reversal trade..

Feel the Fear and do it anyway!!!
  • #5,284
  • Apr 19, 2015 4:08pm Apr 19, 2015 4:08pm
Quoting clivepackham
This post is all about my system and how I trade it. I've been having some incredible success recently and want to share what I've been doing so hopefully many others will follow and enjoy trading Forex. I did the previous post about my trading philosophy so that you will all understand where I'm coming from with my simple ABCD trading system... Well here goes heres how I trade forex... My Simple ABCD Trading System. This is a stand alone 1 minute trading system but if you want you can take it to any timeframe you want just adjust the indicators...
Thanks Clive, nice work. looking forward to have a live testing with this method. I got a few quick questions.

 

  1. Scalping 1 min waves with such a small SL, the spread might be killing us. Can you explain how you incorporate spread into your system? You trade some high spread pairs like GBPNZD, GBPJPY. does your SL include spread? will you move to BE when price move 3pips plus spread in your direction ?
  2. You have not mentioned key levels in this post but talked about it many times before. One thing I am not clear is: if there is a key level(.00, .50, strong support or resistance, pivots) within 10 pips ahead of you, will you still trade?
  3. You said you risk 1% for 10pips, and set 20pips as emergency stop. However, each pair pip value might be different. I am wondering if you have some scripts to help you place the orders?
  4. Regarding TTindy automatically open 4 charts, is it possible to fix TTindy in a fixed symbol chart and open another 4 charts with highest TTindy reading? by this way, we get 4 clean charts for trading. maybe this is a question to GodsClown

really expect this new week to come

  • #5,285
  • Apr 19, 2015 4:12pm Apr 19, 2015 4:12pm
Quoting clivepackham
{quote} That use to be a big issue with the old 100lwma that I used as very often the top trenders were well past they're sell by dates. What I mean is yes too late to catch the first and second entries. However the new 120HMA TTindy is definitely bringing us to the right charts at the right time. You may struggle to catch the first cCI signal but definitely there in time for the 2nd onwards and in many cases the first too.. I'm more than happy now that we are getting to pairs at the right time as quite often the earlier signals can fail but by...
Thanks for the detailed reply, Clive
I'll have a play with coding an HMA and see what it looks like.
  • #5,286
  • Apr 19, 2015 4:47pm Apr 19, 2015 4:47pm
Quoting henryloving
{quote} Thanks Clive, nice work. looking forward to have a live testing with this method. I got a few quick questions. Scalping 1 min waves with such a small SL, the spread might be killing us. Can you explain how you incorporate spread into your system? You trade some high spread pairs like GBPNZD, GBPJPY. does your SL include spread? will you move to BE when price move 3pips plus spread in your direction ? You have not mentioned key levels in this post but talked about it many times before. One thing I am not clear is: if there is a key level(.00,...

Hi henry

Lot of question there but I will try to answer them all for you.

On the issue of spread I use low spread broker DMMFXAU at the moment http://www.dmmfx.com.au/ they have fixed low spreads GBPNZD 2.4 pips the only downside is thier CHF paoirs all fixed at 9 pips so I don't trade CHF pairs with them.

As for my stops I just set it to 20 pips and close out if the key level I've entered on gets broken. I find very often price will spike into the level but not close so keeps me in trades. I don't really allow for spread I will just close out if I go 10 or more pips down so guess I am in a way allowing for spread.....

As for trading key levels, well to be honest with the 120HMA I just trade the direction it tells me and look for a pullback then soon as i get a signal candle back with the trend I drop on my PO 2 pips above signal candle.. Usually its a break and retest of a level so yes still use them but with these strong trends just drop on PO and see what happens, get to BE quickly too.

As for trading into strong levels well thats a good question but normally I like to see a strong level hit and the price come back sauy 10 pips or more so that I can place my pending order and if hit get to BE before price hits that strong level again. I find that quite often if it takes a couple of steps back then it rushes forward and straight through the resistance in its way. But if it doesn't I'm safe at BE. Guess I'm saying just allow yourself enough room to get to BE before price hits the level again..

I find the TTindy works fine opening 4 top trender charts as this makes a nice neat 4 tile window to watch all 4 pairs. Sometimes when I'm in a trade the TTindy will close my chart I'm trading as its dropped out of the top 4 so then I quickly open a new chart of the pair I'm trading and because I have a template called default it opens it up perfectly and that chart stays open as long as I want without any interference from the TTIndy...

It can be frustrating at times when charts disappear whilst you're watching them but thats the whole idea of keeping your attention on the top trenders only...It close rangy charts before you can start trading them...

I don't fuss about the stop sizes and the spreads that much as to be honest you will find your trades will just go into profit very quickly if you stick to the top trenders...

Hope that helps if I've left anything out ask again...
Feel the Fear and do it anyway!!!
  • #5,287
  • Apr 19, 2015 5:35pm Apr 19, 2015 5:35pm
Quoting clivepackham
{quote} Hi henry Lot of question there but I will try to answer them all for you. On the issue of spread I use low spread broker DMMFXAU at the moment http://www.dmmfx.com.au/ they have fixed low spreads GBPNZD 2.4 pips the only downside is thier CHF paoirs all fixed at 9 pips so I don't trade CHF pairs with them. As for my stops I just set it to 20 pips and close out if the key level I've entered on gets broken. I find very often price will spike into the level but not close so keeps me in trades. I don't really allow for spread I will...
Thanks, now understand better. I promise this is the last question for now.

Will you use fixed lots or fixed percentage of your balance(1% to risk?) according to your balance, stop(fixed 20pip), pip value?

with latter one, you can enjoy compound interest but may need a script to help you calculate how many lots to place.
  • #5,288
  • Apr 19, 2015 5:37pm Apr 19, 2015 5:37pm
I forgot to upload all my indys and templates etc for the new system so here they all are.

Important to realise that Default.tpl and #master.tpl are actually templates and should be put in the templates folder in mt4...the rest are indicators and should go in the indicators folder...

GodsClown opens up a new folder in the indicators folder called TTindy and puts the 3 indicators #top 28 trenders all brokers vA.1.3.ex4 plus HMA v2.ex4 plus AllAverages v3.3.ex4 in that folder.

reached my maximium so will put last 5 in next post
Attached File(s)
File Type: tpl #master.tpl   268 KB | 633 downloads
File Type: ex4 #top 28 trenders all brokers_vA.1.3.ex4   53 KB | 624 downloads
File Type: tpl Default.tpl   266 KB | 568 downloads
File Type: ex4 AllAverages_v3.3.ex4   87 KB | 570 downloads
File Type: ex4 HMA_v2.ex4   15 KB | 599 downloads
File Type: ex4 #Daily Range PeterE.ex4   8 KB | 583 downloads
File Type: ex4 #JF_TradingTimes.ex4   30 KB | 583 downloads
File Type: ex4 Clive's Histogram CCI.ex4   16 KB | 603 downloads
File Type: ex4 1 min Clives Heiken Ashi.ex4   10 KB | 567 downloads
File Type: ex4 Clive's Strongest Weakest Indicator.ex4   13 KB | 641 downloads
Feel the Fear and do it anyway!!!
  • #5,289
  • Apr 19, 2015 5:38pm Apr 19, 2015 5:38pm
Here you go last 5 indys uploaded...
Attached File(s)
File Type: ex4 #Teds Daily pivot.ex4   20 KB | 577 downloads
File Type: ex4 1 min Tick Value Modified 1.ex4   5 KB | 554 downloads
File Type: ex4 quick draw auto v2.ex4   5 KB | 557 downloads
File Type: ex4 pipsometer_5_decimal.ex4   6 KB | 509 downloads
File Type: ex4 P4L CandleTime.ex4   9 KB | 539 downloads
Feel the Fear and do it anyway!!!
  • #5,290
  • Apr 19, 2015 5:56pm Apr 19, 2015 5:56pm
Hi Clive - am I correct in that your HMA replacement for the 100 lwma is akin to a 34 ema ??
  • #5,291
  • Apr 19, 2015 6:37pm Apr 19, 2015 6:37pm
For the selection of entry there is no relationship between the color of the CCI and the signal candle, right? What matters is that during the pullback the volume indicated by the CCI of the signal candle is smaller than the previous one .. correct?
Thank you, great job
  • #5,292
  • Edited 11:09pm Apr 19, 2015 10:44pm | Edited 11:09pm
Quoting clivepackham
{quote} Hi henry Lot of question there but I will try to answer them all for you. On the issue of spread I use low spread broker DMMFXAU at the moment http://www.dmmfx.com.au/ they have fixed low spreads GBPNZD 2.4 pips the only downside is thier CHF paoirs all fixed at 9 pips so I don't trade CHF pairs with them.
Hey Clive! I just had a chat with the DMMFXAU, and I loved their spreads. However, they said they have a strict anti-scalping policy!
I did ask them for specific conditions, and I was told that maybe attempting to close any trades within 3 seconds would be considered a scalp.
I told them my trades last for a minimum of 5 minutes and I was told that that would not be a problem, althoough that was followed by a "Our conditions can change at our discretion"..
So just wanted to know what your take on the issue is?

EDIT : I just had a chat with FxPro, and they said they are alright with any kind of scalping. They also meet my other requirements as well.
Do you any of you have suggestions about FxPro? Or other broker suggestions please
  • #5,293
  • Apr 20, 2015 12:13am Apr 20, 2015 12:13am
Quoting jedobserves
{quote} Hey Clive! I just had a chat with the DMMFXAU, and I loved their spreads. However, they said they have a strict anti-scalping policy! I did ask them for specific conditions, and I was told that maybe attempting to close any trades within 3 seconds would be considered a scalp. I told them my trades last for a minimum of 5 minutes and I was told that that would not be a problem, althoough that was followed by a &quot;Our conditions can change at our discretion&quot;.. So just wanted to know what your take on the issue is? <img src="http://assets.forexfactory.net/images/smilies/yim/confused.gif"...
And again!!!
http://www.forexfactory.com/showthre...63#post8213263
  • #5,294
  • Apr 20, 2015 12:16am Apr 20, 2015 12:16am
Quoting GodsClown
{quote} And again!!! http://www.forexfactory.com/showthre...63#post8213263
Sorry GodsClown, since Clive was talking about it, I just replied.
I will take this to the right thread, thanks.
  • #5,295
  • Apr 20, 2015 12:53am Apr 20, 2015 12:53am
GodsClown, thank you for all the time you have spent modifying code for this strategy.

jason
  • #5,296
  • Apr 20, 2015 1:31am Apr 20, 2015 1:31am
A good AB/CD projection on Silver.. with a little delay in time and the 50% CD leg as resistance.. for now


http://i.imgur.com/ZQPW4BD.png​

http://i.imgur.com/ZQPW4BD.png
  • #5,297
  • Apr 20, 2015 1:38am Apr 20, 2015 1:38am
OK this is about the simplest system to install on your MT4 thanks to GodsClowns automation of the TTindy. 7 easy steps...

 

  1. Load on all the indys from posts #5288 and #5289 to your Indicator folder creating a new folder called "TTindy" and put the 3 indicators as shown in that folder.

    Attached Image
  2. Upload the two templates #master.tpl & Default.tpl into your templates folder.
  3. Close all open charts.
  4. Open one chart and drop the #master template on it.
  5. AS soon as you load the #master template it will automatically open the 3 new charts for you and change the master to the top trender.
  6. Go to "Window" on MT4 tool bar and select "Tile Windows".
  7. Job Done. Should look something like this....


Attached Image (click to enlarge)
Click to Enlarge Name: Should look something like this.PNG Size: 89 KB
Feel the Fear and do it anyway!!!
  • #5,298
  • Apr 20, 2015 1:42am Apr 20, 2015 1:42am
First one of the day....break and retest of BRN 128.00..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 58 KB
Feel the Fear and do it anyway!!!
  • #5,299
  • Apr 20, 2015 1:46am Apr 20, 2015 1:46am
Banked 12.5 I was patiently waiting for it to push higher when my close finger twitched and closed it for 12.6 pips but hey a wins a win....
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 57 KB
Feel the Fear and do it anyway!!!
  • #5,300
  • Apr 20, 2015 1:49am Apr 20, 2015 1:49am
This GBPCHF has been top for a while but spread is 9.0 on DMMFX so can't trade it. All CHF pairs are fixed at 9.0 but theres plenty of others to trade...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm1.png Size: 61 KB
Feel the Fear and do it anyway!!!
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