Trading strategy #5053 :>)

A strategy even if it is a good strategy it is only as good as the person trading it has discipline.
In order to remain disciplined the trader has to have faith that the strategy is actually profitable.
There's real hope for this one.
I think I can be faithful to this one.
Sheesh...

It's very simple.
I'm only looking for a quick 5 pips on the 5 min in the EURUSD.
The set ups can be 2 or 3 times during London and New York.
That's more than enough for me. 15 pips per day... I'm very, very happy.
Let the move go to the moon. I don't care, go without me.. 15 pips a day is my target.
It will work nicely in a busy and active market.

ADX 14, CCI 14, SMA 20

For BUY...

ADX
The first signal is on the ADX then it is confirmed on the CCI and SMA 20.
ADX yellow line crosses up from 20 or very near 20 (new trend beginning)
and green ADX crosses red ADX.

CCI
Confirmation crosses above 100.

SMA 20
flat or up prices above SMA 20

TP 5 SL 20 (The SL should never be hit... This identifies momentum... and should be good for a quick 5 pips)

Opposite for SELL...

So it's just a matter of being patient and waiting for the setup.

Here's the template if you want to give it a go.
And helpful CCI indi with sound alert.. arrows and coloring.
Also a training expert adviser that simulates market activity for any given day(s) in the past.

*Disclaimer: Please do not use a live account. Fully test any strategy out on demo and get it to actually show a profit before putting any of your precious funds into it.

*Warning: If you come onto the thread just because you're bored and have nothing else to do and your only business is to aggravate the traders you will be ignored. I spent far too much time recently going back and forth with a complete nonsense. One second is too much time.

Setting up? Maybe...
That yellow ADX line really needs to cross above 20. That indicates that there is a trend so won't get caught in sideways market.
I keep the BB Bands on the chart. Although they are not part of the signal the 20 SMA is there.

Looks like a simple, effective approach. I'll give it a try. Thanks for sharing.

Good luck. Keep it simple.. And WAIT.
Keep in touch..

Typically, the yellow ADX line will cross up the 20 first
then the CCI will cross 100 for buy or -100 for sell on the next candle.
Wait for the close of that CCI confirmation...

Trying to set up again... for breakout on the 5 min
Failed again. There's data release in 10 mins... marked high impact ... crude oil...
The break out could be to the down side...
This strategy should get it right... Wait for it...

One question in regards to the ADX... Do you have to see the signal line and the DI lines making their crosses at the same time? In other words, what if the signal line crosses above 20 and the +DI has already crossed the -DI like 30 minutes ago?

I think the main thing to watch is the yellow ADX. When it crosses above 20 a "new trend" is beginning, Which means momentum and an easy 5 pips. Whichever ADX, red or green crosses up is the direction. Not sure about where they are when green and red cross, but usually they will be bumbling along under 20 in a consolidation and the red or the green will break out with the yellow ADX for "safe" entry.

Then wait for confirmation on CCI which should be the next candle.

U got me curious. 5053 ? U tried 5053 strategies? interesting wish u many pips

Trying to set up again. This time for a breakout to the downside...
The yellow ADX can be a little confusing if you're not used to it.
It is not the line that determines the direction. It is the line that determines the strength of the move.
The red or green ADX determine the direction.
So the yellow ADX will go up in a trend whether the trend is up or down.
Okay we're in short...
Loser... False signal...
It was a tight stop, 10 pips...

Did you have tets these before or not?

A loser already? Better not use This strategy anymore!

Ha ha... I don't know if it was that many exactly. I lost count.. Thanks for the good wishes.
One thing is for sure I'm not putting any money into anything until it works..

back testing. Was very reliable..

A false breakout happens when there really aren't any buyers for going long or sellers for going short.... It's just some stops getting taken out.

Looks like that's it for today for EURUSD. You never know though what will spark the market. anyway I'll give this another whirl tomorrow... London open. One good thing is it is getting me to get up early... Up by 2am. Maybe I'll look at some other pairs. Peace. Remain calm...

Yes, but You lost the Trade
So yoy really should stop Using This strategy!!!

Yeah but still, just stop Using This. You lost the Trade, remember?!

Jiva

It looks very interesting. Thank you.

I have tried your template in post #1 but it shows no CCI.

My template is like this. I hope that is correct.
https://www.mql5.com/en/charts/59756...ncial-services


Regards

George

I'm Augustus Nusragger. I'm only trying to help You. So stop fooling around, You know You better not Trade This way.