DislikedHi Heres the TTindy attached below and the two other indicators you'll need to put in a TTindy folder in your indicators list like below.. ... {image} The settings I use are these where it opens up the top 8 5 minute trending charts automatically for you by ranking the 5 min 35lwma slopes... {image} You might have to put a prefix or suffix input in if your broker has them on your symbols.. What I try to do is trade the strongest trending 5 min charts on my 1 minute charts whenever the 1 min trend (35lwma) turns in the same direction as the 5 min...Ignored
Trading is as simple as ABCD
One thing I will add is to trade around market opens like this GBPAUD that was top trender first thing this morning from which I captured 98.8 pips from today... {image} I think I've gone full circle here and I'm back to where I started so sorry for leading you all on a merry dance but we got there in the end....
First - thanks for the Super Indicator, it's working as on your templates now:-)
Second thing is: you changed the set of indicators. I understand, you're coming back to beginning... I was using HMA 120 as leading indicator all the time, independently of using TMA's.
Now I understand you started to use HMA (LWMA?) instead of TMA's, am I right?...
So please tell us what period settings you're using for the lines?...
Thanks
- #8,204
- Aug 22, 2015 7:04am Aug 22, 2015 7:04am
- | Joined Jul 2010 | Status: Trader | 1,319 Posts
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
- #8,206
- Aug 22, 2015 1:13pm Aug 22, 2015 1:13pm
- Joined Nov 2010 | Status: Trader | 4,484 Posts
{quote} The post is pointing LWMA's, but not saying which indicator and settings he uses.
Sorry to cause such confusion with all my toing and froing from one system to another but I'm seriously sticking to this one as I've tried out so many variances of my of my original but I'm happy now and trading it live its worked fine this week with a very small account so now going to increase it asap and do some serious trading culminating in full time trading by the end of the .year...
Anyway I will do a quick post later on about my final strategy buy just to answer your question I built the whole system around the 35 LWMA so thats the 35LWMA is the moving average I use on my charts and my TTindy from now on. I suggest you put a 35 LWMA on any time chart you like and you will see how it defines the trend very clearly. Therefore I am saying green LWMA buy CCI signals red LWMA and sell CCI signals.
Also trade the 1 minute 35lwma in the direction of the 5 minute 35LWMA ( 175 on one minute chart) and the strongest trending 35lwma on a 5 minute chart and you have my system in a nutshell.
So you want a red 175lwma and a red 35 lwma in the right order and enter on an 8 cci sell signals whenever it goes oversold (-100 level) or if you get a CCI swing near the 35LWMA moving average... When 35lwma drops under 175 we are looking for sells only and vice versa for buys. No trade zone is in between the LWMAs price must be clearly above or below both LWMAs .
Use the TTindy set on a 35lwma on the 5 min timeframe to open up strongest trending 5 minute pairs then trade the one minute in that direction of the 5 min 35lwma...
Heres a quick chart will do another post when I have more time...
Have a couple of pionts to make like only take CCI signals close to the 35lwma as possible, only trade when price is in clear space above or below both lwmas, only take first two signals in the move and bank half hold half until lwma changes slope again..
lastly if you trade when the direction of the 1,5,15 and hrly 35lwmas are all in agreement and price is either above or below them all you really can't go wrong..
Very very last thing trade just after a slope change on the 5 minute LWMA (175) and take the first two entries only banking half and holding half that way you will have banked a full position and have a full position running until the slope changes again...
Very very very last thing trade in direction of the strongest trending hrly charts and you will make some serious pips....
Heres the top trending hrly pair EURAUD as an example, but by all means have a look at the other top 3...
Will leave you all to think it through a bit yourselves as to how you might enter on your 1 minute charts in the right area on an hrly strong trender like this???
Thats your homework guys work out how to do that as I am not going to tell you.....
Feel the Fear and do it anyway!!!
- #8,207
- Edited 7:06am Aug 23, 2015 6:19am | Edited 7:06am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Thought I'd do a quick post on this "final" trading strategy
First thing I want to say is its based on the very simple theory that price either goes up or down so we are going to establish my definition of UP and my definition of down and as always a few perfect charts to demonstrate what I am looking for but more importantly on Monday I will hopefully post a few trades "live" of the same setups so you can all see what I'm doing in live play as I trade rather than all these perfect charts with a large dose of hindsight...
But a picture paints a thousand words so here we go with our first chart demonstrating very clearly how well the 35 LWMA paints our trend for us.
Oh and whilst I'm on the subject of trends , i want to say loud and clear that I only trade with the trend,my personal view is that it is so much easier to trade consistently with the trend as opposed to counter trend trades. The trend to me being that of the 1 minute trend as denoted by our 35 LWMA but in the direction of the 5 min trend too so I will be trading the right side of the 1 minute and 5 minute LWMAs on my charts.
but first lets look at how good the 35 LWMA is for portraying the trend and so the direction for us to trade...
And its the same on the 5 minute chart..
So its pretty simple when the 5 min 35 LWMA and the 1 minute 35 LWMA agree we are trading looking for our CCI signals as close to the 35 LWMA as possible, but lets have a quick look at the power of the moves off of the 35 LWMA...
can you see how price crosses the 35 lwma then pulls back to it to give us our best entries off of the 35 lwma, nice strong moves from each retest, so I'm looking for break and retest entries off of the 35 lwma or CCI signals as close to the 35 lwma as possible, the closer the better...
Ok so you get the idea, now we're going to start to filter when we are going to trade these moves and it goes back to the start of this thread we are going to be following the money as it comes to the market so should only be looking for trades around the market opens like London Open, new York Open and the Asian open.
Heres a London open setup on EURAUD...
first thing to notice is how well it sets up just after London market opens and the money is starting to hit the table, look for the 2 LWMAs to start to separate and keep separating throughout the move, in fact when they start to close up again its the first sign the trend is weakening or approaching its end so refrain from any more entries...
Theres 4 entries here but I would recommend only taking the first two setups and bank half and hold half with your initial stop held until after the next CCI signal, I'm not moving to BE too quickly but using Pres78's paper break even trade where you move the stop to the size of the first half you've banked then hold 2nd half on the slope change of the 35 lwma. This means worst case you will end up at break even but if your entry survives first pullback then move to BE so locking in some profits. Repeat the entry on 2nd signal and again bank half hold half until next pullback and again move to BE. Now you have a whole position banked and a whole position running on the slope change of the 35 LWMA...
This method of banking half and holding half will work particularly well if you're trading in the same direction as the 15 min and hrly trends too...Will make some serious pips when they all line up... I might even say that if they are not lining up then maybe just Orphan grab counter 15 min and hrly trend moves...
Also look at our "NO TRADE ZONE" between the 1 minute and 5 minute lwmas, if they don't agree don't trade... I'm trying to build some consistent results and these "inbetweener" trades can cause so much trouble far better to wait for them to be going the same way so same colour before taking any CCI signals. Sure there will be winners but they are very risky as quite often the downward trade will resume off of the 5 min 35 lwma. The only time I might consider one is if the 1 min and 5 min have got stretched out taught with close to 50 pips between thenm, then and only then it might be worth a quick counter trend punt as it could develop into a full reversal but more importantly you have some room between them to get yourself safely to BE before you hit the 5 minute lwma...
But after the "NO TRADE ZONE" price breaks above the 5 min lwma and they both turn green then it retests the 5 min lwma for a very good entry although it does pullback under the 1 min lwma but the CCI signals well and we are right on top of the 5 min lwma so worth an entry...You can trade any break and retest of either lwma but best results will come when both are same colour...
Heres another example of the "NO TRADE ZONE" at work , look how well the signals work when both LWMAs are the same colour and look at the mess when they are not and in the "NO TRADE ZONE"..
Last thing theres two ways to find the best pairs to trade...
First thing I want to say is its based on the very simple theory that price either goes up or down so we are going to establish my definition of UP and my definition of down and as always a few perfect charts to demonstrate what I am looking for but more importantly on Monday I will hopefully post a few trades "live" of the same setups so you can all see what I'm doing in live play as I trade rather than all these perfect charts with a large dose of hindsight...
But a picture paints a thousand words so here we go with our first chart demonstrating very clearly how well the 35 LWMA paints our trend for us.
Oh and whilst I'm on the subject of trends , i want to say loud and clear that I only trade with the trend,my personal view is that it is so much easier to trade consistently with the trend as opposed to counter trend trades. The trend to me being that of the 1 minute trend as denoted by our 35 LWMA but in the direction of the 5 min trend too so I will be trading the right side of the 1 minute and 5 minute LWMAs on my charts.
but first lets look at how good the 35 LWMA is for portraying the trend and so the direction for us to trade...
And its the same on the 5 minute chart..
So its pretty simple when the 5 min 35 LWMA and the 1 minute 35 LWMA agree we are trading looking for our CCI signals as close to the 35 LWMA as possible, but lets have a quick look at the power of the moves off of the 35 LWMA...
can you see how price crosses the 35 lwma then pulls back to it to give us our best entries off of the 35 lwma, nice strong moves from each retest, so I'm looking for break and retest entries off of the 35 lwma or CCI signals as close to the 35 lwma as possible, the closer the better...
Ok so you get the idea, now we're going to start to filter when we are going to trade these moves and it goes back to the start of this thread we are going to be following the money as it comes to the market so should only be looking for trades around the market opens like London Open, new York Open and the Asian open.
Heres a London open setup on EURAUD...
first thing to notice is how well it sets up just after London market opens and the money is starting to hit the table, look for the 2 LWMAs to start to separate and keep separating throughout the move, in fact when they start to close up again its the first sign the trend is weakening or approaching its end so refrain from any more entries...
Theres 4 entries here but I would recommend only taking the first two setups and bank half and hold half with your initial stop held until after the next CCI signal, I'm not moving to BE too quickly but using Pres78's paper break even trade where you move the stop to the size of the first half you've banked then hold 2nd half on the slope change of the 35 lwma. This means worst case you will end up at break even but if your entry survives first pullback then move to BE so locking in some profits. Repeat the entry on 2nd signal and again bank half hold half until next pullback and again move to BE. Now you have a whole position banked and a whole position running on the slope change of the 35 LWMA...
This method of banking half and holding half will work particularly well if you're trading in the same direction as the 15 min and hrly trends too...Will make some serious pips when they all line up... I might even say that if they are not lining up then maybe just Orphan grab counter 15 min and hrly trend moves...
Also look at our "NO TRADE ZONE" between the 1 minute and 5 minute lwmas, if they don't agree don't trade... I'm trying to build some consistent results and these "inbetweener" trades can cause so much trouble far better to wait for them to be going the same way so same colour before taking any CCI signals. Sure there will be winners but they are very risky as quite often the downward trade will resume off of the 5 min 35 lwma. The only time I might consider one is if the 1 min and 5 min have got stretched out taught with close to 50 pips between thenm, then and only then it might be worth a quick counter trend punt as it could develop into a full reversal but more importantly you have some room between them to get yourself safely to BE before you hit the 5 minute lwma...
But after the "NO TRADE ZONE" price breaks above the 5 min lwma and they both turn green then it retests the 5 min lwma for a very good entry although it does pullback under the 1 min lwma but the CCI signals well and we are right on top of the 5 min lwma so worth an entry...You can trade any break and retest of either lwma but best results will come when both are same colour...
Heres another example of the "NO TRADE ZONE" at work , look how well the signals work when both LWMAs are the same colour and look at the mess when they are not and in the "NO TRADE ZONE"..
Last thing theres two ways to find the best pairs to trade...
- Look for the 5 minute LWMA to change slope as the best entries are the first ones in the new trend so I have put an alert on my 5 minute LWMA to alert me to any 5 min lwma slope changes. Once you get an alert check out the chart for our setups above and look to see wher we are in the other 15 and HRLY trend to decide whether you will trade it and how you will trade it. eg Orphan hug or bank half and run half..
- Have the TTindy monitoring the 5 min 35 LWMA for the strongest 5 minute trenders and watch for the 1 minute 35 lwma trades to setup or have the 1 minute 35 lwma to alert a slope change back with the 5 minute strong trender.
OK I think thats about it just keep it simple trade with the 1 min and 5 min agree and stick to the rules especially avoiding the "No TRADE ZONE" like your life depends on it because your account probably does ....
All the best Clive...
Feel the Fear and do it anyway!!!
- #8,208
- Aug 23, 2015 6:21am Aug 23, 2015 6:21am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Sorry post it my last post too early before I'd finished writing it so will go back into it and edit it so give me some time to finish it off properly..
Feel the Fear and do it anyway!!!
- #8,217
- Aug 23, 2015 9:06am Aug 23, 2015 9:06am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!
- #8,219
- Aug 23, 2015 9:32am Aug 23, 2015 9:32am
- Joined Nov 2010 | Status: Trader | 4,484 Posts
Feel the Fear and do it anyway!!!