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CCI Daily Non-Lagging System

  • #81
  • May 8, 2015 8:23pm May 8, 2015 8:23pm
Quoting RoyPK
{quote} Hi tcmm, Thank you for your system. It looks great and promises some sure pips in the daily time frame. I am subscribed. Could you please upload the CCI indicator you use so that I can apply it to Typical Price (HLC/3). The CCI indicator given in the MT4 Platform doesn't have the option to select the application of price. Thanks again. Roy
Yes it does go to the top of metatrader and hit Insert then indicators find CCI in the Oscillators you will see it there
My Email For Help: [email protected]
  • #82
  • May 8, 2015 8:35pm May 8, 2015 8:35pm
Quoting tcmm
{quote} Yes it does go to the top of metatrader and hit Insert then indicators find CCI in the Oscillators you will see it there
Hi tcmm,

Thanks a lot for the right direction.

Have a nice weekend.

Roy
  • #83
  • May 8, 2015 8:42pm May 8, 2015 8:42pm
Again Your chart should look like this. you can add your indicators but keep the candles clear to see, other indicators on the chart below sides are o

Here is Template
Attached File(s)
File Type: tpl KingPipsfx.tpl   60 KB | 2,235 downloads
My Email For Help: [email protected]
  • #84
  • May 8, 2015 8:45pm May 8, 2015 8:45pm
Ok, I see your point. You sat on a trend and let it ride. About divergence in choppy market in colored area. Suppose a trader is scared out of the position at, say Level 200. The next day the market spikes to + 300. Will you re enter the same direction?

Thanks
  • #85
  • May 8, 2015 8:53pm May 8, 2015 8:53pm
Quoting alpv
Ok, I see your point. You sat on a trend and let it ride. About divergence in choppy market in colored area. Suppose a trader is scared out of the position at, say Level 200. The next day the market spikes to + 300. Will you re enter the same direction? Thanks
I really Don't
I would wait 2 weeks again if I have to for a fresh new cross over, remember Daily Time Frame brings Volume of pips.
You can get 1 trade of lets say 650 pips X your what ever lots, lets say 1 lot. A Dollar A pip is still $650!!!
My Email For Help: [email protected]
  • #86
  • May 8, 2015 10:08pm May 8, 2015 10:08pm
Hi What settings do you change in the custom indicator to get the white ranging candles? When I add the indicator in Meta 4 it is only green and red candles.
Cheers
  • #87
  • May 9, 2015 2:05am May 9, 2015 2:05am
Hello, tcmm. Thanks for interesting system. But here is one problem - an CCI Custom Candle can repaint last 2-3 candles after chart refreshing. Here they were red or green, and after the chart refreshing they have become gray. This also wrote by alpv - post 27.
  • #88
  • May 9, 2015 2:07am May 9, 2015 2:07am
Hi TCMM
Since we have different brokers,and their daily charts open and close in different times,then my daily candle is different than yours or any other traders.
can that issue makes a difference for enter the trade?
thanks
fred
  • #89
  • May 9, 2015 4:56am May 9, 2015 4:56am
I tend to think that 10 min price check per day would remain an unreachable goal, unfortunately. On Day 1 you have to sit on 4H - 1H charts to catch the trend. On Day 2 and all consecutive days you will use the same charts as there's no means to control possible sharp reversals since 100, 200, 300. 400 are only abstract levels.
On the other hand using Lambert formula of CCI you can define targets on each particular day.

Regards.

alpv
  • #90
  • May 9, 2015 6:40am May 9, 2015 6:40am
Here is an MTF CCI indicator for anyone wants confirmation from across different time frames
Attached File(s)
File Type: mq4 MTF_CCI.mq4   3 KB | 1,907 downloads

Attached File(s)
File Type: ex4 MTF_CCI.ex4   3 KB | 1,423 downloads
  • #91
  • May 9, 2015 9:38am May 9, 2015 9:38am
Hello, everyone and thanks to tcmm for sharing the strategy , I will try and watch this for a while, as I only have a small account balance. Also I have loaded this but I have not got the colours right I have green ranging and green up, which could be confusing and I have a green arrow to buy which I think is in the wrong place ? ...... Any suggestions would be appreciated. thanks ..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily1.png Size: 33 KB
  • #92
  • May 9, 2015 12:07pm May 9, 2015 12:07pm
Quoting olvus
Hello, tcmm. Thanks for interesting system. But here is one problem - an CCI Custom Candle can repaint last 2-3 candles after chart refreshing. Here they were red or green, and after the chart refreshing they have become gray. This also wrote by alpv - post 27.
I have been using the custom chi for sometimes now, I have not seen it repainted before, but it would be great if you can show it with graphics how it repainted


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #93
  • May 9, 2015 12:44pm May 9, 2015 12:44pm
This is seen on live chart. I will try to show an example of repainting on Monday
  • #94
  • May 9, 2015 1:05pm May 9, 2015 1:05pm
Quoting shiva
Here is an MTF CCI indicator for anyone wants confirmation from across different time frames {file} {file}

Thanks shiva
Solutions ONLY!!!
  • #95
  • May 9, 2015 2:09pm May 9, 2015 2:09pm
Quoting pgburty
Hello, everyone and thanks to tcmm for sharing the strategy , I will try and watch this for a while, as I only have a small account balance. Also I have loaded this but I have not got the colours right I have green ranging and green up, which could be confusing and I have a green arrow to buy which I think is in the wrong place ? ...... Any suggestions would be appreciated. thanks .. {image}
hahaha... Sorry man but the arrow just made my day

Anyway, thanx a lot tcmm for sharing this strategy of yours. Gonna try it the week ahead.

Btw, is it OK if I want to use it "continuously" on hourly timeframe? Assuming I have plenty of time.

Thanks
Success - It's not always what you see
  • #96
  • May 9, 2015 2:44pm May 9, 2015 2:44pm
I don't see value in timing the entry with cci crosses on lower timeframes. I would more rather look to seeing the 1hr and 4hr in the same direction against their open to time entry.

What cci settings are you using on the lower 1 and 4hr?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 95 KB
Solutions ONLY!!!
  • #97
  • May 9, 2015 3:05pm May 9, 2015 3:05pm
cci 90 50 , -50

Gives a bit more room so that taking the cross at candle close is valuable as well when you catch that home run trend. Also you can draw a line in the sand after the cross to denote momentum. Round number cross, retrace breakout...whatever and you're in there.

Really no need for too much back and forth analysis. The cci cross is what we are after.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 84 KB
Solutions ONLY!!!
  • #98
  • May 9, 2015 4:05pm May 9, 2015 4:05pm
nice thread my only question you trade only with the trend are you ????
  • #99
  • May 9, 2015 4:19pm May 9, 2015 4:19pm
Thanks guys for sharing that strategy ,after some tough about it will try my own template then let you know how i am going
thanks again

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 215 KB
  • #100
  • May 9, 2015 5:22pm May 9, 2015 5:22pm
Hi all,

Thanks for sharing this system. I have a few questions.

Is this a standard CCI Indicator or has anything been modified to it?

I read the thread and assume the rules of this system are very simple. Am I correct in assuming the following?

Daily Charts - Standard CCI (20 period) with Up and Down levels of +100 and -100.

Buy when CCI crosses above 100 (on close) and sell on cross back below (immediatly).
Sell when CCI crosses below 100 (on close) and sell on cross back below (immediatly).

Are these rules correct or do I have it wrong?

Is there a fixed stop that you use or do you only exit on the cross back?

I checked a few things based on the very simple assumption of the system I explained (See above).

Somebody posted a EUR/JPY chart so I decided to replicate this. (So his settings where 30 which is now also what I set my CCI to in this case) I'm only trying to contribute a bit to this thread so for the OP of the EUR/JPY chart .. Nothing personal

I think my first chart replicates the originally posted chart pretty well ?

When i run this on a EUR/JPY chart since 2008 I get the second chart.

So unfortunatly, (assuming this is the system you are trading) it seems like this might suffer from some Lotto Bias. If i am wrong in my assumptions, please let me know how the system is supposed to be traded !

Lastly, I also changed the parameters a bit ranging from 10 to 50 on the CCI and tested different (major) pairs. The system did not perform great on any.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Naamloos.jpg Size: 228 KB
Click to Enlarge Name: Naamloos2.jpg Size: 337 KB
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