Hey,
First thread here on FF. Firsty, this isn't a system I've created or contributed to in any way. I found the thread over on forex-tsd, started by James the Giant with lots of contributors, notably Altoronto for coding some of the indicators. See here https://www.forex-tsd.com/forum/trad...ving-off-forex for the full thread.
Anyways, I haven't got a whole bunch of screen time at the moment so I'm going to have an EA made for back-testing purposes and was wondering if anyone here can give me some input? I've pasted the 1st post from the original thread as JTG's outline of the 'rules' is what I'm hoping to emulate and attached the indicators and template files.
What I am hoping for is that someone can help with the following:
1) What would be a good trigger(s) for the buy or sell? So once all (or most) of the arrows on the AUD,NZD,EUR & GBP:USD are aligned across the timeframes with USD:CHF trending down, should the trade be opened on the next candle? Or the crossing of the CCIs with 0? 100? on what time frame? Hopefully you can see what I mean.
2) Can anyone recommend a way to filter out trades when in close proximity to, and in the direction of, strong levels of support or resistance?
The thread died last year but it seemed to be making some good progress so thought I'd pick up the baton and see if I can push it a bit further...
Thanks in advance for any help
JamestheGiant
[COLOR=#6A6A6A !important]2011.10.17[/color] #1
Advantage of this strategy over others:
1) Easy and obvious identification of trends and low momentum markets
2) No more over trading!
3) Quality trades with probability on your side!
4) Market strength analyzed by multi timeframes, USD strength, and correlations
5)Alerts on pair momentum so no more waiting in front of your screen
Rules of the strategy:
Attached are 4 indicators. Two are trend displays which show all timeframes on all correlated pairs for Non Lag MA and CCI periods of 25and 50, ASI, which shows true market trendline breaks without spikes or false breakouts to confuse you, and the visible on chart non lag ma.
Settings for CCI Trend Display should be set to CCI 25 and 50 with current candle on True, unless you prefer for some reason to only see the strength of the previous candle. I like to see the realtime market strength and trade that, so I set it to current candle.
Settings for Non Lag Trend Display should be set to Length at 30 and PCT Filter at 0.25
The smaller period CCI of 8 and 14 were too small and didn't work well with the Non lag to filter out market moves.
The 30 Length Non lag along with the double CCI work much better and catch larger moves in the market filtering out many small ones that are not as trade able.
Both Trend Displays made by Altoronto.
This strategy is very visual which give all the information you need through arrows.
For a purchase order: Up Arrow on 15 Min-1 HR on both trend Displays on all pairs except USD CHF which should be all down
AU/USD- Up Arrow
NZD/USD Up Arrow
EU/USD Up Arrow
GU/USD Up Arrow
USD/CHF Down or UP Arrow across the board
Sell Order- USDCHF can be trending up or down with the other pairs, but has to be trending strongly, so all arrows follow direction across the board. (STOP LOSS IS 2 Times the Value of the 14 Period ATR)
(Trade in the direction of 4 HR)- If 4 HR is sideways, then don't trade that pair until its direction aligns with other pairs on 4 HR timeframe. Then you may take trades in that direction safely.
(Note: If most trend display arrows are up except 2 or 3 time frames across all pairs are sideways or down, then make the trade because the momentum is there. The other pairs will align. 2 or 3 unaligned arrows are allowed on both the CCI and Non Lag trend display.
Bonus- For the Trend line trader who wants extra confirmation
I have also attached the ASI indicator. It stands for Accumulative Swing Index.
This indicator is great for finding the true market level without the spikes, or false breakouts on any time frame. Only make trades in the 4 hr main trend, and you can even wait for multi pair trend line breaks to make a trade on smaller timeframes. Dont go crazy drawing trendlines, just focus on the immediate S/R, such as possible point on where the pair might revers, a trendline break for confirmation, and a trendline for following the pair in trend. And confirm the trendline break or bounce of s/r level by the multi pair correlated Non Lag MA and CCI trend displays.
First thread here on FF. Firsty, this isn't a system I've created or contributed to in any way. I found the thread over on forex-tsd, started by James the Giant with lots of contributors, notably Altoronto for coding some of the indicators. See here https://www.forex-tsd.com/forum/trad...ving-off-forex for the full thread.
Anyways, I haven't got a whole bunch of screen time at the moment so I'm going to have an EA made for back-testing purposes and was wondering if anyone here can give me some input? I've pasted the 1st post from the original thread as JTG's outline of the 'rules' is what I'm hoping to emulate and attached the indicators and template files.
What I am hoping for is that someone can help with the following:
1) What would be a good trigger(s) for the buy or sell? So once all (or most) of the arrows on the AUD,NZD,EUR & GBP:USD are aligned across the timeframes with USD:CHF trending down, should the trade be opened on the next candle? Or the crossing of the CCIs with 0? 100? on what time frame? Hopefully you can see what I mean.
2) Can anyone recommend a way to filter out trades when in close proximity to, and in the direction of, strong levels of support or resistance?
The thread died last year but it seemed to be making some good progress so thought I'd pick up the baton and see if I can push it a bit further...
Thanks in advance for any help
JamestheGiant
[COLOR=#6A6A6A !important]2011.10.17[/color] #1
Advantage of this strategy over others:
1) Easy and obvious identification of trends and low momentum markets
2) No more over trading!
3) Quality trades with probability on your side!
4) Market strength analyzed by multi timeframes, USD strength, and correlations
5)Alerts on pair momentum so no more waiting in front of your screen
Rules of the strategy:
Attached are 4 indicators. Two are trend displays which show all timeframes on all correlated pairs for Non Lag MA and CCI periods of 25and 50, ASI, which shows true market trendline breaks without spikes or false breakouts to confuse you, and the visible on chart non lag ma.
Settings for CCI Trend Display should be set to CCI 25 and 50 with current candle on True, unless you prefer for some reason to only see the strength of the previous candle. I like to see the realtime market strength and trade that, so I set it to current candle.
Settings for Non Lag Trend Display should be set to Length at 30 and PCT Filter at 0.25
The smaller period CCI of 8 and 14 were too small and didn't work well with the Non lag to filter out market moves.
The 30 Length Non lag along with the double CCI work much better and catch larger moves in the market filtering out many small ones that are not as trade able.
Both Trend Displays made by Altoronto.
This strategy is very visual which give all the information you need through arrows.
For a purchase order: Up Arrow on 15 Min-1 HR on both trend Displays on all pairs except USD CHF which should be all down
AU/USD- Up Arrow
NZD/USD Up Arrow
EU/USD Up Arrow
GU/USD Up Arrow
USD/CHF Down or UP Arrow across the board
Sell Order- USDCHF can be trending up or down with the other pairs, but has to be trending strongly, so all arrows follow direction across the board. (STOP LOSS IS 2 Times the Value of the 14 Period ATR)
(Trade in the direction of 4 HR)- If 4 HR is sideways, then don't trade that pair until its direction aligns with other pairs on 4 HR timeframe. Then you may take trades in that direction safely.
(Note: If most trend display arrows are up except 2 or 3 time frames across all pairs are sideways or down, then make the trade because the momentum is there. The other pairs will align. 2 or 3 unaligned arrows are allowed on both the CCI and Non Lag trend display.
Bonus- For the Trend line trader who wants extra confirmation
I have also attached the ASI indicator. It stands for Accumulative Swing Index.
This indicator is great for finding the true market level without the spikes, or false breakouts on any time frame. Only make trades in the 4 hr main trend, and you can even wait for multi pair trend line breaks to make a trade on smaller timeframes. Dont go crazy drawing trendlines, just focus on the immediate S/R, such as possible point on where the pair might revers, a trendline break for confirmation, and a trendline for following the pair in trend. And confirm the trendline break or bounce of s/r level by the multi pair correlated Non Lag MA and CCI trend displays.
Attached File(s)
