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H4 stoch and CCI based strategy

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  • Post #21
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  • Aug 8, 2015 11:13am Aug 8, 2015 11:13am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting MidnightRun
Disliked
{quote} Would like to double check the rules (as the way they are described seem unprecise to me) do you mean: sell: if stoch from higher 80 level CROSSES down 70 level and cci from 0 level REACHES/CROSSES -100 level (or CROSSES 0 and heads down to -100) Thank you.
Ignored
if you look at on screen that i attached , you will get it better . you can get the rules by photo too .
 
 
  • Post #22
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  • Aug 8, 2015 10:11pm Aug 8, 2015 10:11pm
  •  diamonddbw
  • Joined Sep 2010 | Status: Member | 2,013 Posts
Hey 5. Looks as though this method can be traded. Thanks.




I've been working with this today and have been applying your method, as is, with one exception; I take my entries on M15 after close of H4 bar. Entry uses same criteria on Stoch & CCI, AFTER Retrace. This almost always gives you a better price going in and (the biggie) gives you a manageable stop, by using most recent previous swing on M15.

Should your M15 entry be a worse price then it would have been on H4, let it go. That means that the advantage M15 should provide you with, is diminished.

btw, I'm sure some of you recognize that this idea belongs to Alexander Elder, not me.

Darryl
 
 
  • Post #23
  • Quote
  • Aug 9, 2015 1:21am Aug 9, 2015 1:21am
  •  exiao
  • | Joined Aug 2012 | Status: Member | 148 Posts
Quoting 5aztv88
Disliked
{image} {image}
Ignored
Hi 5aztv88,

Did the yellow lines mark the setup candles or the exist candles?

Can you show the setup candle criteria on the chart?

Thx.
Keep learning while you are alive!
 
 
  • Post #24
  • Quote
  • Aug 9, 2015 3:04am Aug 9, 2015 3:04am
  •  Dimi.A
  • Joined Feb 2015 | Status: Senior Member | 399 Posts
Looks good. I'm a TMS (TDI) trader at heart but I'm going to try this one out for fun with micro lots on a live account!
 
 
  • Post #25
  • Quote
  • Aug 9, 2015 4:47am Aug 9, 2015 4:47am
  •  iamgotzaa
  • Joined Feb 2013 | Status: One step closer! | 800 Posts
I like this system. I used to try CCI on H4 before. I quite profitable however trading on H4 left you hang boring for weeks to make a trade.

Anyway, keep it coming.
Holy grail, pls pm
 
 
  • Post #26
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  • Aug 9, 2015 5:00am Aug 9, 2015 5:00am
  •  dinofx
  • | Joined Dec 2008 | Status: Member | 247 Posts
Quoting velgengni
Disliked
{quote} Attached. Credit to 5aztv88 for trading idea, and iamgotzaa for coding idea. {file}
Ignored
I have some doubts about that indi:

Inserted Code
if (Period() != PERIOD_H1 && Period() != PERIOD_H4) {
Alert("This indicator only works at H1 or H4");
return (0);

how can it be "if (Period() != PERIOD_H1 && Period() != PERIOD_H4)" at the same time ?
should not it be "if (Period() != PERIOD_H1 || Period() != PERIOD_H4)" instead ?

same surprise for:
Inserted Code
 bool SELLSIG  = sto<80 && sto>70 && cci<0 && cci>-100;
         bool BUYSIG   = sto>20 && sto<30 && cci>0 && cci<100;
i suppose that never happens ​

then i cant see sto & cci calculated & stored into an array for actual/previous comparaisons
Seems to me it needs to be completed and fixed to be trusted
 
 
  • Post #27
  • Quote
  • Aug 9, 2015 5:26am Aug 9, 2015 5:26am
  •  Dimi.A
  • Joined Feb 2015 | Status: Senior Member | 399 Posts
Quoting iamgotzaa
Disliked
I like this system. I used to try CCI on H4 before. I quite profitable however trading on H4 left you hang boring for weeks to make a trade. Anyway, keep it coming.
Ignored
Hey mate, how did you go about trading the CCI on the 4H? I'm curious to know you got in and out of a trade using the CCI on the 4H. Cheers.
 
 
  • Post #28
  • Quote
  • Aug 9, 2015 7:18am Aug 9, 2015 7:18am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting diamonddbw
Disliked
Hey 5. Looks as though this method can be traded. Thanks. I've been working with this today and have been applying your method, as is, with one exception; I take my entries on M15 after close of H4 bar. Entry uses same criteria on Stoch & CCI, AFTER Retrace. This almost always gives you a better price going in and (the biggie) gives you a manageable stop, by using most recent previous swing on M15. Should your M15 entry be a worse price then it would have been on H4, let it go. That means that the advantage M15 should provide you with, is diminished....
Ignored

sounds interesting can you explain by photo of your chart? i mean capture m15 screen and also H4 and explain how exactly should it done . thank you
 
 
  • Post #29
  • Quote
  • Aug 9, 2015 7:19am Aug 9, 2015 7:19am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting exiao
Disliked
{quote} Hi 5aztv88, Did the yellow lines mark the setup candles or the exist candles? Can you show the setup candle criteria on the chart? Thx.
Ignored

it is setup candle or entry point . i used vertical line to be more specific that what happen on stoch and cci on entry point .
 
 
  • Post #30
  • Quote
  • Aug 9, 2015 7:21am Aug 9, 2015 7:21am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting Dimi.A
Disliked
Looks good. I'm a TMS (TDI) trader at heart but I'm going to try this one out for fun with micro lots on a live account!
Ignored

i wish you will have the best result and profit . let us know about your trade .
 
 
  • Post #31
  • Quote
  • Aug 9, 2015 7:25am Aug 9, 2015 7:25am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting iamgotzaa
Disliked
I like this system. I used to try CCI on H4 before. I quite profitable however trading on H4 left you hang boring for weeks to make a trade. Anyway, keep it coming.
Ignored

yes H4 is really boring but there is a lot of pair currencies that we can trade with this system on them . at least 1 position in 2days we can get on one of them and get almost 100 pip , make it exciting .

i need some one help and make a EA for this system and find out witch pair currencies is the best for this way and how much tp and sl make it about 99% profitable . please coder,come and help .
 
 
  • Post #32
  • Quote
  • Aug 9, 2015 7:33am Aug 9, 2015 7:33am
  •  Dimi.A
  • Joined Feb 2015 | Status: Senior Member | 399 Posts
Quoting 5aztv88
Disliked
{quote} i wish you will have the best result and profit . let us know about your trade .
Ignored
Thanks brother. Could you upload your chart template for us please?
 
 
  • Post #33
  • Quote
  • Aug 9, 2015 7:37am Aug 9, 2015 7:37am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
here is my template .

Attached File(s)
File Type: tpl H4.tpl   1 KB | 598 downloads
 
 
  • Post #34
  • Quote
  • Aug 9, 2015 9:03am Aug 9, 2015 9:03am
  •  Dimi.A
  • Joined Feb 2015 | Status: Senior Member | 399 Posts
Quoting 5aztv88
Disliked
here is my template . {file}
Ignored
Thanks man. Very interesting!

Would you only enter a SELL once the stoch breaks down through the 80 line even if the H4 candle has not "closed" yet? Or would you only enter if the candle closes and the stoch is actually inside the 80 and 70 line?
Attached Image (click to enlarge)
Click to Enlarge

Name: download.jpg
Size: 229 KB
 
 
  • Post #35
  • Quote
  • Aug 9, 2015 9:30am Aug 9, 2015 9:30am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting Dimi.A
Disliked
{quote} Thanks man. Very interesting! Would you only enter a SELL once the stoch breaks down through the 80 line even if the H4 candle has not "closed" yet? Or would you only enter if the candle closes and the stoch is actually inside the 80 and 70 line?
Ignored
we have to open trade as soon as cci touched 100 or -100 and also stoch should be on higher 80 before, not a moment, for sell and for buy stoch should be under 20 for past time,i mean not come from higher than 30 and suddenly go up from 30 . it should be upper and under for a days . i put vertical line on your screen shot for setup .


1- cci reached to -100 and stoch slowly comes from higher 80 to down .
2- tp reached but i don't open trade on this situation . because cci and stoch going on deferment way for a moment and it is not our ideal .
3- another good setup like number 1 .

Attached Image (click to enlarge)
Click to Enlarge

Name: attachment.php.jpg
Size: 242 KB
 
 
  • Post #36
  • Quote
  • Aug 9, 2015 9:36am Aug 9, 2015 9:36am
  •  piprac
  • | Joined Nov 2007 | Status: Member | 779 Posts
[quote=diamonddbw;8425164]Hey 5. Looks as though this method can be traded. Thanks. I've been working with this today and have been applying your method, as is, with one exception; I take my entries on M15 after close of H4 bar. Entry uses same criteria on Stoch & CCI, AFTER Retrace. ...

After you enter on the 15M TF, do you continue to follow the trade on the 15M or switch back to 4H? I have never been very clear on how to use lower TFs for entries after spotting the conditions on a higher one. Comments, please. p.
 
 
  • Post #37
  • Quote
  • Aug 9, 2015 10:01am Aug 9, 2015 10:01am
  •  velgengni
  • | Joined Sep 2014 | Status: Member | 24 Posts
Quoting dinofx
Disliked
{quote} I have some doubts about that indi: if (Period() != PERIOD_H1 && Period() != PERIOD_H4) { Alert("This indicator only works at H1 or H4"); return (0); how can it be "if (Period() != PERIOD_H1 && Period() != PERIOD_H4)" at the same time ? should not it be "if (Period() != PERIOD_H1 || Period() != PERIOD_H4)" instead ? same surprise for: bool SELLSIG = sto<80 && sto>70 && cci<0 && cci>-100; bool BUYSIG = sto>20 && sto<30 && cci>0 && cci<100; i suppose that never happens ​ then i cant see sto & cci calculated & stored into an array...
Ignored

Thank you dinofx for your feedback. You have the MQ4 (source), you have great skills to analyze, so I assume you can code well. We're waiting for your touch on this indicator so that it can be "trusted".
 
 
  • Post #38
  • Quote
  • Aug 9, 2015 10:25am Aug 9, 2015 10:25am
  •  velgengni
  • | Joined Sep 2014 | Status: Member | 24 Posts
Quoting 5aztv88
Disliked
{quote} we have to open trade as soon as cci touched 100 or -100 and also stoch should be on higher 80 before, not a moment, for sell and for buy stoch should be under 20 for past time,i mean not come from higher than 30 and suddenly go up from 30 . it should be upper and under for a days . i put vertical line on your screen shot for setup . 1- cci reached to -100 and stoch slowly comes from higher 80 to down . 2- tp reached but i don't open trade on this situation . because cci and stoch going on deferment way for a moment and it is not our ideal...
Ignored

Just to confirm my understanding, is the following chart showing the ideal BUY and SELL setup according to your system?
Attached Image (click to enlarge)
Click to Enlarge

Name: buy-sell-setup.png
Size: 59 KB
 
 
  • Post #39
  • Quote
  • Aug 9, 2015 10:58am Aug 9, 2015 10:58am
  •  5aztv88
  • | Membership Revoked | Joined Sep 2014 | 249 Posts
Quoting velgengni
Disliked
{quote} Just to confirm my understanding, is the following chart showing the ideal BUY and SELL setup according to your system? {image}
Ignored
no,cci must reach 100 and -100 ,so next candle of your setup is ideal setup .
 
 
  • Post #40
  • Quote
  • Aug 9, 2015 12:38pm Aug 9, 2015 12:38pm
  •  diamonddbw
  • Joined Sep 2010 | Status: Member | 2,013 Posts
Hello.


Some have asked me how I might take 5aztv88's trade set up, by using a smaller time frame. I created a 15 minute video to explain how this might be done.

5aztv88's method is very good and does not need improvement. My intention is to simply offer alternative entries that can work out in your favor using a very small stop loss, between 20 & 30 pips.

Will be happy to answer questions. Also feel free to make suggestions. As always, Flaming (derogatory comments), are NEVER of any value to anyone.

Cheers,
Darryl

https://www.youtube.com/watch?v=nryZ9bZ_WbU
 
 
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