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  • #7,721
  • Edited 4:51pm Jul 26, 2015 12:32pm | Edited 4:51pm
Quoting clivepackham
{quote} Hi Nuckern This is very cool... For those who are not getting what Nuckern is saying, Have a look at the same chart as his above but as it is now... {image} Can you see the subtle difference between the repainted TMAs on my chart and the one that he has posted showing where they were at the time??? What I would like to point out is despite the subtle differences you can still see that at the time the price had gone above the TMAs so we are looking for a turn on the 1 minute back down, eg middle band to turn red... The signal still works...
TMA sometimes behave quite good.(When I take SLs..) But when it's trendin too much it's like tickin bomb.

So now you have tool to test it a little bit more...

I agree touch ain't great if you don't have a good plan.. I saw a few guys with their recovery trades and if it's workin for them. It's great. But you gotta now what you're doing! And not overllevereged it.. Would be some kind person who would introduce me recovery strategy? I just wanna now how does it work.. I still don't quite understand how somebody could be BE or small loss if doesn'T use martingale..
EDIT: AHH now I see! Thanks for explaining XxLessoxX.

AND the most important thing
ALL THE CREDIT GOES TO BARMICHAEL
He's the one who rewritten indi! So all thanks goes to him.
  • #7,722
  • Jul 26, 2015 3:48pm Jul 26, 2015 3:48pm
Quoting nuckern
{quote} TMA sometimes behave quite good.(When I take SLs..) But when it's trendin too much it's like tickin bomb. So now you have tool to test it a little bit more... I agree touch ain't great if you don't have a good plan.. I saw a few guys with their recovery trades and if it's workin for them. It's great. But you gotta now what you're doing! And not overllevereged it.. Would be some kind person who would introduce me recovery strategy? I just wanna now how does it work.. I still don't quite understand how somebody could be BE or small...
recovery is all about averaging your position. take a buy trade a 1.00 and price drops to 0.5...you can close out your position with a loss or take another buy trade. then your average position is .75. price only need get back there to be net break even. if you get back to your original position at 1.00 you are now ahead .25. no matingale needed.
  • #7,723
  • Jul 26, 2015 3:48pm Jul 26, 2015 3:48pm
does anyone have the mql for clives cci histogram?
  • #7,724
  • Jul 26, 2015 4:56pm Jul 26, 2015 4:56pm
Quoting XxLessoxX
does anyone have the mql for clives cci histogram?
here you go
Attached File(s)
File Type: mq4 Clive's Histogram CCI.mq4   7 KB | 455 downloads
  • #7,725
  • Jul 26, 2015 4:58pm Jul 26, 2015 4:58pm
Quoting devontrader
{quote} here you go {file}
Thanks dt
  • #7,726
  • Jul 27, 2015 4:11am Jul 27, 2015 4:11am
Quoting devontrader
{quote} here you go {file}
Hey Guys,

Will anyone be kind enough to add an alert on Clive's Histogram CCI.mq4, for when the CCI crosses above or below 0, please.

Regards
Nonibadsha
  • #7,727
  • Jul 27, 2015 7:08am Jul 27, 2015 7:08am
Quoting nonibadsha
{quote} Hey Guys, Will anyone be kind enough to add an alert on Clive's Histogram CCI.mq4, for when the CCI crosses above or below 0, please. Regards Nonibadsha
Have you even looked at the indicator? I don't think you have.

If you did then you would know that there is already a zero cross alert (or whatever level you set whether it be 0 or 100 or -100 etc..).

If the entry CCI (current bar) is less than 0 and trend CCI current bar is less than 0 and the trend CCI previous closed bar was above (or below 0) you will get a pop up alert that says one of two things...

  1. Alert(Symbol(), " M", Period(), " Trend & Entry CCI Have both crossed below zero")
  2. Alert(Symbol(), " M", Period(), " Trend & Entry CCI Have both crossed above zero")

Today's zone = Tomorrow's opportunity!
  • #7,728
  • Jul 27, 2015 9:01am Jul 27, 2015 9:01am
Quoting pres78
{quote} Have you even looked at the indicator? I don't think you have. If you did then you would know that there is already a zero cross alert (or whatever level you set whether it be 0 or 100 or -100 etc..). If the entry CCI (current bar) is less than 0 and trend CCI current bar is less than 0 and the trend CCI previous closed bar was above (or below 0) you will get a pop up alert that says one of two things... Alert(Symbol(), " M", Period(), " Trend & Entry CCI Have both crossed below zero") Alert(Symbol(), " M", Period(), " Trend & Entry CCI...
Thanks pres78,

I did look at the code... But as far as I can see the lines you have quoted above are for Trend AND CCI crossing below zero.. I was looking for only CCI crossing either way.
Let me know if I'm wrong.. still learning here. Appreciate your patience.

Regards
Noni
  • #7,729
  • Jul 27, 2015 9:42am Jul 27, 2015 9:42am
Quoting nonibadsha
{quote} Thanks pres78, I did look at the code... But as far as I can see the lines you have quoted above are for Trend AND CCI crossing below zero.. I was looking for only CCI crossing either way. Let me know if I'm wrong.. still learning here. Appreciate your patience. Regards Noni
It is for crossing either way. There are two sets of parameters for the alert which are based on the factors of the entry and trend CCI's that give one of two alerts.
Today's zone = Tomorrow's opportunity!
  • #7,730
  • Jul 27, 2015 10:23am Jul 27, 2015 10:23am
Quoting pres78
{quote} It is for crossing either way. There are two sets of parameters for the alert which are based on the factors of the entry and trend CCI's that give one of two alerts.
Understood.. Thank you pres78
  • #7,731
  • Jul 27, 2015 2:21pm Jul 27, 2015 2:21pm
AUDJPY trade opened.
5/15 TMA upper band was breached.
Possible reversal here since AUDJPY has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-09-39-46_OPEN.png Size: 59 KB


AUDJPY closed as price hit 5min TMA lower band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-14-39-33_FF.png Size: 58 KB


Profit = 21pips
  • #7,732
  • Jul 27, 2015 2:25pm Jul 27, 2015 2:25pm
EURUSD trade opened.
5/15 TMA upper band was breached.
Possible continuation here since EURUSD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-10-02-31_OPEN.png Size: 54 KB


EURUSD closed using "recovery" trade, continuation did not take place as anticipated.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-10-48-44_FF.png Size: 53 KB


Profit = 6pips
  • #7,733
  • Jul 27, 2015 2:29pm Jul 27, 2015 2:29pm
EURUSD trade opened ... (2nd attempt)
5/15 TMA upper band was breached.
Possible continuation here since EURUSD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-10-57-51_OPEN.png Size: 54 KB


EURUSD closed as price reached 5min TMA upper band.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-12-07-26_FF.png Size: 58 KB


Profit = 20pips
  • #7,734
  • Jul 27, 2015 2:34pm Jul 27, 2015 2:34pm
GBPJPY trade opened.
5/15 TMA upper band was breached.
Possible reversal here since GBPJPY has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-11-01-49_OPEN.png Size: 60 KB


GBPJPY closed using "recovery" trade, reversal did not take place as anticipated.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-27-11-13-32_FF.png Size: 59 KB


Profit = 5pips
  • #7,735
  • Jul 27, 2015 2:43pm Jul 27, 2015 2:43pm
Current total for the day is about 50 pips.

At the moment there are two(2) trades that I am still managing with recovery technique.

NZDUSD - Long
NZDCAD - Long

I will post later the results of these 2 that are going against me.

(Remember don't over-leverage and use good MM ... lets see how well it works with these open trades)
  • #7,736
  • Jul 27, 2015 3:02pm Jul 27, 2015 3:02pm
made this indi for the purpose of creating an EA...the ea is coming along but in the mean time i thought i could share with the thread. i designed the indi to draw an arrow on the chart when the high of the closed candle is outside of the user defined timeframe tma lines AND the cci is crossing back from a user defined overbought or oversold zone. these arrows do not repaint. i have my chart set up on 1min with the arrows indicating the 15 min tma and ob/os cci zones of 150/-150.
Attached Image (click to enlarge)
Click to Enlarge Name: lesso arrow.png Size: 111 KB

the ea will attempt to buy or sell when the indi paints and stop and reverse on opposite signals. take profit, recovery, and sl will all be user defined.
here is the little indi i made for it. please give constructive feed back. im not a pro coder, but this one seems to work really well.
BTW the pic is from today and not cherry picked.
Attached File(s)
File Type: mq4 XxLESSOxXarrowindi.mq4   6 KB | 309 downloads
  • #7,737
  • Jul 27, 2015 5:48pm Jul 27, 2015 5:48pm
Quoting XxLessoxX
{quote} recovery is all about averaging your position. take a buy trade a 1.00 and price drops to 0.5...you can close out your position with a loss or take another buy trade. then your average position is .75. price only need get back there to be net break even. if you get back to your original position at 1.00 you are now ahead .25. no matingale needed.
I was about to ask the house about recovery trade when i saw your reply to Nuckern about it.You said is about placing double trade in the same direction but the price can as well continue against the first order,in that case,the recovery will even complicate the issue. Whats your take?
  • #7,738
  • Jul 27, 2015 6:34pm Jul 27, 2015 6:34pm
Quoting jaylukmann
{quote} I was about to ask the house about recovery trade when i saw your reply to Nuckern about it.You said is about placing double trade in the same direction but the price can as well continue against the first order,in that case,the recovery will even complicate the issue. Whats your take?
It's not part of clives system but I will say this...it's not a double order as in martingale. It's taking your normal position size and reducing it by the number of recovery positions needed to get out of a trade that has gone against you. This is based on logical turning points based on techicals.
  • #7,739
  • Edited 7:08pm Jul 27, 2015 6:43pm | Edited 7:08pm
Quoting XxLessoxX
{quote} It's taking your normal position size and reducing it by the number of recovery positions needed to get out of a trade that has gone against you.
How does this work? How do you know how many recovery positions will be needed? You say to take your normal position size and reduce it by the number of recovery positions... how does one know how many will be needed?

As far as I can tell you might needed 1 or 2 or 3 etc... and would never know this in advance. At what point do you cut the loss and take it as a loss?

Or do you have a plan in advance that you will take a max of say 3 recovery positions?

Do you open all trades at less than your trade plan max risk per trade allowed to leave room for recovery trades?

Personally I do use staggered entries but these are either add on (to winning trades) or stepping into the market at predetermined levels and not meant to recover from or get out of losing positions so I am interested (not for personal use but because I am a student at heart) in how you manage this and think new traders would benefit from a deeper understanding of this so they don't end up recovering themselves into a margin call.

Sounds like something that needs to be properly planned out and properly managed right from your trading plan through to trade execution and close out.
Today's zone = Tomorrow's opportunity!
  • #7,740
  • Edited 7:16pm Jul 27, 2015 6:49pm | Edited 7:16pm
Quoting clivepackham
{quote} Ok to answer your 3 points one at a time... "does the no fear trading system contain all the indys you use or is it an indy on its own?" I think you mean the "The No Fear Trading system" template and no it doesn't contain all the indys , you will have to download them I believe then the template will select the right ones for you automatically.. " dashboard tma slopes(which does not change color and limited to m15).I'm still searching for the tma slopes input procedure and will be glad if you or anybody on the thread can help locate the...
Hi prof Clives,i have to really appreciate the effort you put in to type the logical and insightful response to my questions.I Recognize your large heart towards me and the entire subscribers to this thread as well as your pragmatic teaching style that is enough to exert even a dullard.Just as expected,i already have a chat like yours but the interpretation of the indis and deciding when to enter and exit trade is the next stage.I would want you to score me in the following procedures for trading your strategy according to what i read from you on the thread.
PROCEDURE FOR TRADING THE NO FEAR SYSTEM BY CLIVES
1)Check the M5,m15 and h1 charts to see if the price has breached either their upper or lower band using the fast TMA line indicator
2)Check the centre TMAline or middle channel if it has changed colour
3)Wait for CCI buy or sell signal using the clives'histogram
4)Check if the M1 TMA Slope has changed colour
5)Go to the M1 chart to confirm and place the trade accordingly
6)move to BE immediately you record some positive pips
7)Exit the trade whenever the m1 centre tma line changes colour
Lastly,i really wanna know if you trade ANYTIME you find the signals on any pair irrespective of trading session or or you trade according to sessions(especially at the opening of sessions)? And how long does an entered trade last averagely from your experience of the system?Thank you,...expecting your reply pls?
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