DislikedHello Seller and other traders Once again thank you for your work. 1 question: If trading session is closed, are SL still working? If not i would like to know i can stop to enter new trades but keep sl working? Thank you SIgnored
bunne
- #13,324
- Edited 3:41pm Dec 30, 2015 3:17pm | Edited 3:41pm
- | Joined Jul 2015 | Status: Trader | 111 Posts
{quote} Thanks TJ! I needed this tooBut how do I use it? I am not familiar with those extensions. Do I sweep in on a chart? Thanks, bunne
Bunne,
Just put them into your Indicators folder, refresh the Navigator window, and drag-n-drop either one of them on your charts. I use VisualOrders because it has more useful info.
Nikopol,
For more trades with CCI Cycle and Semafor, put InDx off (so only M1, PIN1 and PIN2 enabled) See below from my live account.
Some trades I closed manually, some closed with opposite CCI channel... using also tweaked CCI cyclus settings (same as or less then standard 3 or 4 length or majorcyclestrength, which I am still finetuning)
2 of the 3 losses were because I put on the SL2.0 and the spread widened after close of NY. The others are all with 75 pips stoploss at broker, I defined in the Casino settings (decide for yourself what suits you, but if you are following this strategy it is still semi-automated, monitor your account regular when position opens, a drawback is often seen and then the profit jumps in after some time).
I am still looking for a more suitable TP strategy, which would be the holy grail for this setup
For more trades with CCI Cycle and Semafor, put InDx off (so only M1, PIN1 and PIN2 enabled) See below from my live account.
Some trades I closed manually, some closed with opposite CCI channel... using also tweaked CCI cyclus settings (same as or less then standard 3 or 4 length or majorcyclestrength, which I am still finetuning)
2 of the 3 losses were because I put on the SL2.0 and the spread widened after close of NY. The others are all with 75 pips stoploss at broker, I defined in the Casino settings (decide for yourself what suits you, but if you are following this strategy it is still semi-automated, monitor your account regular when position opens, a drawback is often seen and then the profit jumps in after some time).
I am still looking for a more suitable TP strategy, which would be the holy grail for this setup
- #13,333
- Edited Jan 1, 2016 5:29am Dec 31, 2015 7:32pm | Edited Jan 1, 2016 5:29am
Hello everyone,
Happy new year to you all, especially Selle9 our FOREX ANGEL.
I just wanna give some report on some experiment I've been performing with the CCI_CYCLE PIN V5.
I set up four different MT4 on a VPS, all with CCI_CYCLE but tweaked different settings to each of them with the same starting balance and let them all run from Sunday night, when the market just opened for the week, until the end of the last trading day of the week (Total of 4days) without any human intervention, so I would find out which of them would be the winner. Now I have found out.
All of them have a lot of story to tell. You can read their stories by looking at the face of the Casino dashboard but I will like to explain how they all went. Its a pity the BASKET EQUITY GRAPH cannot show the history of that length of time (one week).
They all started with a bad result on the first day (Monday), which is usually a bad day for a day trading, as the market was not yet settled to a particular direction, as a result, they all kept hitting their SL after taking a trade.
From monday night/Tuesday morning, they all began to cover up and each trade taken goes to TP. 90% of the total SL happened on Monday and the remaining 10% happened on the rest of the days. You can see the maximum of losses each of them had, which was on Monday, by looking at the MAX EQUITY DD at the bottom of the Casino.
All trades were taken on H1 charts. MAX spread was set to 8.0.
Setting 1: THE WINNER
CCI_CYCLE 1 - 1 - 2 + SEMAFOR, CCI_CYCLE TP AND ATR SL 2.0
RESULT = 25 TP AND 9 SL. 7 of the SL occurred only on Monday.
Setting 2 : 2nd position
CCI_CYCLE 1 - 1 - 2, WITHOUT SEMAFOR, CCI_CYCLE TP AND ATR SL 2.0
RESULT = 85 TP AND 26 SL. 21 of the SL occurred only on Monday.
Setting 3 :
CCI_CYCLE 1 - 1 - 2 + SEMAFOR, OPPOSITE SEMAFOR TP AND ATR SL 2.0
RESULT = NO TP WAS HIT AND 31 SL.
Setting 4 :
CCI_CYCLE 1 - 2 - 3 + SEMAFOR, CCI_CYCLE TP AND ATR SL 2.0
RESULT = 13 TP AND 12 SL.
CONCLUSION :
Setting 1 proved to be the best among the rest. Although setting 2 had more winning rate but also high losing rate when a bad day comes.
As you can see, on Monday when the market was bad, it had the highest loss cos it has the highest chance of getting signals as it doesn't look at Semafor, only CCI_CYCLE signals. So from Tuesday, when the market became stable, it had the highest winning trades with only 5 losers till Thursday night when the market closed for the week. It came 2nd position as it had a high amount of loss to cover up before moving into profits.
FUTURE TEST PLAN :
Happy new year to you all, especially Selle9 our FOREX ANGEL.
I just wanna give some report on some experiment I've been performing with the CCI_CYCLE PIN V5.
I set up four different MT4 on a VPS, all with CCI_CYCLE but tweaked different settings to each of them with the same starting balance and let them all run from Sunday night, when the market just opened for the week, until the end of the last trading day of the week (Total of 4days) without any human intervention, so I would find out which of them would be the winner. Now I have found out.
All of them have a lot of story to tell. You can read their stories by looking at the face of the Casino dashboard but I will like to explain how they all went. Its a pity the BASKET EQUITY GRAPH cannot show the history of that length of time (one week).
They all started with a bad result on the first day (Monday), which is usually a bad day for a day trading, as the market was not yet settled to a particular direction, as a result, they all kept hitting their SL after taking a trade.
From monday night/Tuesday morning, they all began to cover up and each trade taken goes to TP. 90% of the total SL happened on Monday and the remaining 10% happened on the rest of the days. You can see the maximum of losses each of them had, which was on Monday, by looking at the MAX EQUITY DD at the bottom of the Casino.
All trades were taken on H1 charts. MAX spread was set to 8.0.
Setting 1: THE WINNER
CCI_CYCLE 1 - 1 - 2 + SEMAFOR, CCI_CYCLE TP AND ATR SL 2.0
RESULT = 25 TP AND 9 SL. 7 of the SL occurred only on Monday.
Setting 2 : 2nd position
CCI_CYCLE 1 - 1 - 2, WITHOUT SEMAFOR, CCI_CYCLE TP AND ATR SL 2.0
RESULT = 85 TP AND 26 SL. 21 of the SL occurred only on Monday.
Setting 3 :
CCI_CYCLE 1 - 1 - 2 + SEMAFOR, OPPOSITE SEMAFOR TP AND ATR SL 2.0
RESULT = NO TP WAS HIT AND 31 SL.
Setting 4 :
CCI_CYCLE 1 - 2 - 3 + SEMAFOR, CCI_CYCLE TP AND ATR SL 2.0
RESULT = 13 TP AND 12 SL.
CONCLUSION :
Setting 1 proved to be the best among the rest. Although setting 2 had more winning rate but also high losing rate when a bad day comes.
As you can see, on Monday when the market was bad, it had the highest loss cos it has the highest chance of getting signals as it doesn't look at Semafor, only CCI_CYCLE signals. So from Tuesday, when the market became stable, it had the highest winning trades with only 5 losers till Thursday night when the market closed for the week. It came 2nd position as it had a high amount of loss to cover up before moving into profits.
FUTURE TEST PLAN :
- I plan to test the 2 winning settings with index, to be more conservative.
- The same 2 settings with index and CCI_CYCLE set to 1 - 2 - 3.
- Same 2 settings as they are.
- Setting 2 with CCI_CYCLE 1 - 2 - 3 (without Semafor)
- I would also like to test all of the above with the ATR TP
The requirements seem much. Right now, I'm capable of running 8 MT4 on 2 different VPS but I'll do what I can on the coming week and I'll keep you guys updated.
Green pips to us all in this new year. 
Cheers.
MM.
Patience, Persistence and discipline = Holy Grail.
FUNDED FEEDER All Time Profit:
$104
- #13,335
- Dec 31, 2015 10:23pm Dec 31, 2015 10:23pm
Patience, Persistence and discipline = Holy Grail.
FUNDED FEEDER All Time Profit:
$104
- #13,339
- Edited 11:33am Jan 1, 2016 7:23am | Edited 11:33am
- | Joined Nov 2013 | Status: Trader | 1,135 Posts
Thank you very much for what you are sharing, Murysco
. But, could you please share a template with your EA/indi settings?
. But, could you please share a template with your EA/indi settings? Hello everyone, Happy new year to you all, especially Selle9 our FOREX ANGEL. I just wanna give some report on some experiment I've been performing with the CCI_CYCLE PIN V5. I set up four different MT4 on a VPS, all with CCI_CYCLE but tweaked different settings to each of them with the same starting balance and let them all run from Sunday night, when the market just opened for the week, until the end of the last trading day of the week (Total of 4days) without any human intervention, so I would find out which of them would be the winner. Now I...
Thank you very much, Murysco, for your detailed report and so much needed research on this strategy.
So, to recap the bulk of your best strategy:
- CCI Cycle PIN v5 settings:
- Semaphore - default settings
- TP is on the opposite CCI Cycle PIN signal. In Casino properties:
- Casino ATR SL multiplier = 2 and
- NO Casino ATR TP:
So, I guess, the advantage of your CCI Cycle opposite signal TP strategy is that the average TP is greater than SL by virtue of a trade sitting on the market for longer, right?
But I have a question: with your Cycle Identifier PA settings of 1-1-2, aren't you getting a lot of major signals noise like this, especially if the broker is too sensitive on a particular currency pair:
What do you think?
Thanks,
TJ