Trading is as simple as ABCD

Hello Clive,

Just stumple on your thread. It's very interesting. Thank you for sharing your view.

I reflect your system with HMA& CII 8&480 on my trades and i do see the mistake that i have made.

Certainly i will try this out and see how it works.

One more thing, after thinking about your system, i have got a question. Would you hold on a trade for long period of time to maximize the pips or this is a short period trading?

Hi Clive!!

Could you please share your trade management ea with us.
thanks in advance.

That is the most stupid rule for an account I have ever heard of. DMMFX seems to be very very trader unfriendly.

Hi Stefst

No we are still trading the ABCD moves all the time, the whole system is built around the very simple ABCD moves...As that is what the whole market is built around from tick chart to monthly charts, ABCD after ABCD.. But they work better in strong trending markets, so all I'm doing is using my 120HMA as my trend and looking for the steeper sloping 120HMA's to trade..

My definition of the trend is the 120HMA , if its green and price is above it we're trending up so looking for ABCD's upwards. If its red and price is below it we're trending down...so looking for ABCD's downwards...

Doesn't matter what time frame we look at we can use the same system using our TTindy to identify the strongest trending pairs. Now as price can only go up or down then we just need to decide which direction we are going to trade and on which pairs..All the new method is doing is identifying which way we should be trading our 1 minute 120 HMA, up or down from the higher timeframe and in this case the HRLY...

Why the HRLY?? Because I believe the Big Boys with the money enter on HRLY signals back with the daily trends so the most money will be traded around these strong trending HRLY pairs around the LO and NYO so giving us some bigger winners...

Hope that makes sense?? But back to our ABCD patterns...

Have a look at this strong trending HRLY pair EURAUD, top of our HRLY TTindy can you see the ABCD patterns that we are going to try and enter on our 1 minute charts at LO and NYO?? I've used a Zig Zag indy to show them up a bit better because in strong trenders like this they're not always obvious..



See how the CD leg basically starts at the LO?? This is what we're after from now on these CD legs that start at the LO's and NYO's..

Now lets drop down to the 1 minute chart for the same LO and see if we can identify some ABCD moves to trade there??



The system is simple wait for the 1 minute 120HMA to turn up in direction of the HRLY trend and look for the first ABCD move on your 1 min chart, which is easier to spot as its the CCI going oversold (-100) giving us our BC move, then we enter to trade our CD leg which in this case is about 200 pips...

The reason its 200 pips is because its back in the direction of the HRLY trend...All I'm doing is trying to anticipate where the monies going to go at LO and NYO by looking for the strongest trending HRLY charts...

Hope that all makes sense...

So as you can see we're still trading the ABCD moves...just using higher timeframe to identify the higher probability runner at Lo and NYO when the big boys start throwing their weight around..then we look to enter using a low risk 1 minute ABCD move...

Simple as ABCD.....

Hi Ghandi0815

I'm happy to share them but they are in the process of being fixed but heres the sell one fixed and as soon as I get the buy one will post it here, but meanwhile test this one out on a demo . Heres how to use it...



Pipsgap..................Means how many pips you want to place your pending order above/below last candle , I set it to 2.
Pipsstop.................Means how many pips do you want your initial stop, I use 20 for my emergency .
Breakeven.............Means how many pips in profit you want to be before you move to BE , I tend to use 3 or 5 but will often just drag my stop to BE when I'm happy price has moved away or sometimes if its not going anywhere I just move the EA to 1 and get out asap..

riskpercentperpip....This determines your % of account you want to risk per trade if you want to risk say 1% across 10 pips then set it to 0.1 across 20 pips set to 0.05. I either run it at 0.1 or 1 % per pip..

Xbartrail..................This sets how many bars/candles you want to trail by X, I find 2 pretty useful, but test it out for yourselves.

commissionoffset......This will add whatever you input to your BE stop to cover commission so if you have 1 pip commission then set it to 1. Then when it moves to BE it will do it as BE plus 1 to cover commission.

Heres how I tend to use it, I drop it on and turn off the "autotrading" button on toolbar. Then I wait until I see the CCI go over sold/bought and give me my signal so its looking like its about to print my first candle back with the trend, then I turn it on. You don't want it placing pending orders until you get your CCI signal. It will trail the candles until it gets hit then manage the trade depending upon your settings. To capture the first push set the xbartrail to either 1 or 2.

Thats about it, I haven't thoroughly tested it so be careful if using it on a real account. I think it will just do one entry and then stop so not sure you can use it for your 2nd entry or not?? Might be cool if someone added a magic number so that we could then use it on a 2nd entry whilst it still managed the trail and exit on the first entry.. I sometimes put it on and once its entered and got me to BE just take it off and manage the trade to exit myself..

Anyway test it thoroughly before using and let us know of any glitches etc as I can't use it on DDMFX at the moment..

Thanks for the cool explanation, you make my day )

Guy just a thought as im playing myself
what about adding divergence to the cci indicator which will help spot continuations or reversals.

i know dee50 in the past posted 3 divergence indicators on a chart.

ive emailed him regards these but was wandering if any coder could do it for this cci

Careful Jason you're go blind...

Good Morning, everyone

I used the indy of TTindy, but it does not show correctly on my platform.

It uses mq4 file, but it's not MT4, It's protrader company's platform.




Anyhow, I wonder if you have any idea to help me.

thanks

Hahaha Sharp Clive, very sharp.
No better way to start my week than with a good chuckle!

Only suggestion I have is to find yourself a MT$ platform, either change your broker or if you don't want to do that download a good demo MT4 from someone like FXCM and run it alongside your own brokers platform. Analyze the trades on FXCM using TTiny etc then open the trades on your broker platform..

Morning all didn't bother getting up early today as its a Bank Holiday here but looks like I should of as Frankie gave us some nice trading opportunities...

Interestingly enough without London , Frankie had a nice smooth opening with no sudden reversals , so obviously those sudden Frankie reversals, that Frankie is notoriously famous for are caused by the London open following so closely...

Look how smoothly these two pairs opened up....





Interestingly too both counter the HRLY trends so can we expect a mid mornig reversal back with HRLY trends??? Or as price has crossed the HRLY 120HMA is that the end of the HRLY trend???? Thats the problem with trading the HRLY its quite far removed from the 1 min trends but then this HRLY top trender EURAUD chart is looking like a nice old resistance level for it to launch itself back with the HRLY trend...

Might be worth a shot....

Hi Clive !!!

I've had serious problem with the Master Hourly.tpl ....
Could you PLEASE send it again ... ???, with the CCI 480 update (if it's possible) ??
Txs in advance....!!!

DAMN! I MUST LEARN TO GET UP EARLIER

Yes me too, but we might be just in time for the mid morning reversal back with the HRLY trends ....

Have a look at this EURAUD chart its 1 HR CCI has been well oversold and now coming back so next CCI buy signal well worth a shot.,..



Quite surprising if it happens without the "Good Old London Boys" about to throw their wads of cash at it...

Took this one as I'm keeping a close eye on GBPNZD as it tends to fly one way then the other and I've noticed a tendency for it to reverse mid morning ..It went oversold on its HRLY CCI so when it came back and alerted me to a 120HMA slope change I just took it...



Got twp chances now either a draw or a win....

This EURAUD is still 2nd in my HRLY TTindy so I'm quite keen to buy however this 120HMA turn up is actually a LL so should we be buying it????

Depends how positively it makes the turn for me, will suck it and see...

OK I've had 3 losing trades on this EURAUD looking to buy 120HMA turn ups because my HRLY 120HMA says buy...and its a Top HRLY trender..

But when I look at its HRLY chart I can see the market structure doesn't agree with my 120HMA..



In fact it has all the signs of the trend about to end...

So I've had 3 losers which I really don't like, because I was looking for an HRLY uptrend thats probably finished...

Add to that I was looking at the wrong time of day, and the fact I was ignoring my top trending 1 minute trenders and we have a recipe for disaster...

This always happens to me when I start looking up at higher timeframes, I get myself into a right mucking fuddle....

BUT I do like the idea of trading with a strong trending HRLY pair as its going to help me find those elusive bigger winners like last week, when I was absolutely flying following the HRLY strong trenders, so I need to sorry to say I'm gonna tweak the strategy again fellas, but not a lot..

I'm not happy that I'm using HRLY strong trenders to dictate which charts I'm looking at, I miss my 1 minute strong trenders...and I find myself trading pairs like EURAUD this morning when it wasn't a 1 min strong trender..hence my losers..

I think I need my 1 minute strong trenders opening my charts but with the HRLY strong trenders alongside, and then what I do is trade the top trending 1 minute charts around market opens, grabbing Orphans as I go , unless its an HRLY strong trender too. Then I hold for the bigger runners..

heres how it looks..



Basically what I'm saying is , I'm gonna trade my 1 minute strong trenders at market opens and once I catch something look up to see what I've caught and if its an HRLY strong trender then I'll try to hold but if its not I'll just grab an Orphan...

So to do that all I'm gonna do is switch my 1 minute and hrly TTindy around so the 1 minute is timeframe TF1 so automatically opening my strongest trending 1 minute charts and my hourly on TF2 so I can reference them quickly when I catch a 1 minute strong trender...

So heres how I'm gonna sum it up....

 

1. Look to only trade at the right time of day just after a market open or high differential news release.
2. Look at top 1 minute strong trenders only.
3. If its not an HRLY strong trender then Orphan grab each run.
4. If its an HRLY strong trender look to hold and build.

I think its important to keep the emphasis on only trading 1 min strong trenders because then I can get to BE quickly so removing my risk from the table but also because its a strong trender it will get away from my entry a lot quicker..

New HRLY and default templates attached....If you want to keep the HRLY as your chart opener then just make it TF1 and the 1 min TF2, remember TF1 has the control over which charts it automatically opens for you..so choose your favourite timeframe to trade and just enter off of the 1 min...

Good luck....

There you go almost immediately back to my old self with a top trending 1 minuter just after the NYO....

Ahhh that feels so much better....



Also I see EURAUD is pushing his way back into the strong trenders so now it might be a better time to buy it....

Biggest thing of course is time of day, just after the NYO and its very lively...

EURAUD is now the top trending 1 min TTindy so now its worth a go but looks like I might be a bit late to the party having missed the earlier entries...

Notice that the 120HMA turn up was a HL than the last one , might be a clue in that plus its now above the 5 min 120HMA so things are looking up...

Hopefully I might get my 27 pips back from my earlier trades...