{quote} Awesome Tea...I hope that the time you were away not posting doesn't mean you were not getting these great results! lol Keep it up mate.
Simple Correlation Indicator System
Hello thread, time for an update.
First my apologies for dropping the ball with this thread of late. I have been working feverishly getting my new strategy off the ground, which is almost complete. There were some bugs in my logic which made the new indicator produce some odd signals and a few subsequent losses early on, so it was back to the drawing board to tighten everything up. The result is nothing short of fantastic.
So, with that in mind, the new indicator is being coded and will take approximately one more week to finalise - guaranteed!
I have been working on a Youtube video series and have even set up my own Youtube channel so people can view stuff there and subscribe to it if they choose. My plan is to provide regular live trade video examples to the new thread so people can see how I trade the strategy live, from noticing an initial setup to placing and managing the trade.
When the time comes I will let everyone know the new thread details where you will find all indicators, (including mq4 files), templates and so on.
Regarding this current thread, I will be honest enough to admit I have lost some interest and am no longer trading this system, as my newest strategy is producing some stellar results, far better than what I was achieving with the SS Strategy. I will ensure I remain available for questions about the SS / Correl8 as there is no doubt it remains a profitable strategy when traded properly (like ANY strategy!)
So stay tuned my little thread-lings! We are fast approaching the release date - Saturday 26 November.
First my apologies for dropping the ball with this thread of late. I have been working feverishly getting my new strategy off the ground, which is almost complete. There were some bugs in my logic which made the new indicator produce some odd signals and a few subsequent losses early on, so it was back to the drawing board to tighten everything up. The result is nothing short of fantastic.
So, with that in mind, the new indicator is being coded and will take approximately one more week to finalise - guaranteed!
I have been working on a Youtube video series and have even set up my own Youtube channel so people can view stuff there and subscribe to it if they choose. My plan is to provide regular live trade video examples to the new thread so people can see how I trade the strategy live, from noticing an initial setup to placing and managing the trade.
When the time comes I will let everyone know the new thread details where you will find all indicators, (including mq4 files), templates and so on.
Regarding this current thread, I will be honest enough to admit I have lost some interest and am no longer trading this system, as my newest strategy is producing some stellar results, far better than what I was achieving with the SS Strategy. I will ensure I remain available for questions about the SS / Correl8 as there is no doubt it remains a profitable strategy when traded properly (like ANY strategy!)
So stay tuned my little thread-lings! We are fast approaching the release date - Saturday 26 November.
Trade to Live - Don't Live to Trade
- #584
- Nov 18, 2016 12:18am Nov 18, 2016 12:18am
Hello thread, time for an update. First my apologies for dropping the ball with this thread of late. I have been working feverishly getting my new strategy off the ground, which is almost complete. There were some bugs in my logic which made the new indicator produce some odd signals and a few subsequent losses early on, so it was back to the drawing board to tighten everything up. The result is nothing short of fantastic. So, with that in mind, the new indicator is being coded and will take approximately one more week to finalise - guaranteed!...
when the going gets tough.......... the tough must get going.
stay save .........
It Is Well With My Soul..(Amen)
Hello thread, time for an update. First my apologies for dropping the ball with this thread of late. I have been working feverishly getting my new strategy off the ground, which is almost complete. There were some bugs in my logic which made the new indicator produce some odd signals and a few subsequent losses early on, so it was back to the drawing board to tighten everything up. The result is nothing short of fantastic. So, with that in mind, the new indicator is being coded and will take approximately one more week to finalise - guaranteed!...
read the whole thread tonight , looks great, I was excited to see correl8 and renkostreet together, I might dissapoint and delight you the renkostreet channel is super signals modded or basicly a form of HI's and Lows however I love it :-) If I'm wrong just ignore me Pho. {file}
Hey there and welcome!
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Nothing is ever a disappointment Photize, i am here to learn as much as i am here to share. I will try out the super signal channel and compare. Thanks for your input
Trade to Live - Don't Live to Trade
It was a long wait hehe, almost 26 november
This time I was adamant I needed it ready by yesterday, which he agreed to, and here we are...he is not answering my Skype messages.
So I will be posting the strategy along with a few screenshots of what he indicator will look like as it displays the alert setups, however I cannot promise the indicator until I know something more concrete.
Expect an update later today with the new thread details.
Trade to Live - Don't Live to Trade
My new thread is up and running. It can be found HERE:
I will be drip-feeding the information over several days, because there is too much to share in just one post.
Once the information is fully posted, I will include the indicators, template etc for download.
Thanks to everyone on this thread who has shown their interest and support in this new project. I hope it offers you something of value.
Cheers and green pips to all!
Kirk
I will be drip-feeding the information over several days, because there is too much to share in just one post.
Once the information is fully posted, I will include the indicators, template etc for download.
Thanks to everyone on this thread who has shown their interest and support in this new project. I hope it offers you something of value.
Cheers and green pips to all!
Kirk
Trade to Live - Don't Live to Trade
- #595
- Dec 15, 2016 5:47am Dec 15, 2016 5:47am
My new thread is up and running. It can be found HERE: I will be drip-feeding the information over several days, because there is too much to share in just one post. Once the information is fully posted, I will include the indicators, template etc for download. Thanks to everyone on this thread who has shown their interest and support in this new project. I hope it offers you something of value. Cheers and green pips to all! Kirk
Thanks once again Kirkleaforex,you are a great guy!!!!!!!!
Alex
{quote} Hello,first of all Thanks for your System.I"m testing this system on Demo M15 TF and please,if you have some advice about settings indicators or something else,Entry ,Exit,SL,non Usd pairs,..something that can help me with trading.I read eary all posts and I think thats great system.If somebody trade on M15,it wil be great to change experiences. Thanks once again Kirkleaforex,you are a great guy!!!!!!!! Alex
Firstly, well done for testing first on a demo. Many people grow impatient with these things and jump into a live environment before they fully understand everything. I think your patience will serve you well!
Next, setup and entry settings are discretionary, i.e. different people will have different settings that they believe work best for them. What I offer here is merely a suggestion.
What I have been trialling however is an iPRI period of 34 along with an EntryTriggerValue of ZERO. Essentially this means that as soon as a candle has closed and a crossover has occurred, a signal is generated.
This can be quite powerful, as you will see in the attached screen-shot. I am referring to the sell signals where price is bouncing off the DR1 Pivot Point. Obviously I would be ignoring a BUY signal when price is just below a major Pivot, as this is an unnecessarily risky entry, and we should wait to see whether price bounces or breaks through beforehand.
In these SELL instances however, they were risk-free, had no draw-down, and the target (next lower PP line) was found pretty quickly. See how this looks on your chart and test it out. Let me know what you think!
Trade to Live - Don't Live to Trade
- #599
- Edited 10:32pm Dec 22, 2016 10:14pm | Edited 10:32pm
- | Commercial User | Joined Jun 2008 | 686 Posts
{quote} And Picture {image}
That is a lot of questions so I will try and answer them one by one.
I think the first question is in relation to Martingale strategy - I will say that I have never tried this so I cannot offer an opinion.
Next you asked whether renko is better than Bollinger, but again I can only disappoint you as I have never used Renko, so I cannot answer this either. I have read that Renko is very good at providing S/R so this could be useful for you to try out. For me however, I am fond of pivots and the daily open.
What I will say is that Bollinger Bands are useful in determining the volatility of a move, and because this system is based on volatility, Bollinger Bands fit in quite nicely.
I have another S/R indicator that was recently sent to me from a friend and I will post that here so you can try it out. You can add every time frame or just select individual ones that you want. I am a scalper and so I use the M15, M30, H1 and H4 as my S/R and I enter off the M1 and M5. I think you will like the indicator
Your decision to look at multiple time frames is a good idea. H1 for direction for an M15 entry is good.
Regarding non-USD pairs, there will be signals so if you have a favourite non-USD pair that you like to trade, try it out. The signals may not occur as frequently but they do happen, so perhaps set it up so that it alerts you on mobile phone / email and that way you don't have to sit around and wait. I don't know for sure, but I am thinking that perhaps it would be a news event that would offer more trading opportunities with non-USD pairs, as the daily volatility just isn't there like it is with USD pairs. I don't trade non-USD pairs as the spreads are wider and I don't like giving my hard-earned money away for nothing...give me tight spreads and I am happy!
How many trades / pairs etc? I can't answer this as it all depends on the day - it may be a busy day with lots of high impact news announcements or it may be very quiet. Also, I don't trade every day and I don't like trading more than one pair at a time...I do this because it gives me the focus I need to stay in control and not become confused and distracted. Another factor is that you and I have different trading styles, i.e. you trade longer time frames, and I am a scalper. Recently I have been trading around 10 to 15 trades a day; in and out quick, maybe 8 to 10 pips each trade. But only on a single pair like I said. I don't think you could manage 10 trades a day from the M15 unless you were trading multiple pairs...and this would lead to fatigue!
As a final point, try and play around with the iCorrel8 and WINNER settings. I have used everything from a 13 period, a 34 period, a 55 period and an 89. I find a 34 works really well for earlier entries, but the 89 will help keep you in a trade when there is a trend so you don't exit too early. Try and experiment and come up with your own strategy that works best for your own trading style. Back-test each setting and see which looks like it might work well going forward. (But always trade on DEMO if you are forward-testing!)
Anyway I think that has answered you fairly well. I am thankful for your input here and I wish you the best of luck with your trading when you resume next year.
Merry Christmas and Happy New Year to you and to all your family and friends!
EDIT: added S/R files as mentioned.
Trade to Live - Don't Live to Trade
Hi Kirk
Just finished reading your thread Kirk , seems like your having some great results , I will try it for the next few weeks or so and let you know how I go on 4 hr charts .
Bit of a shock though to see you have an even better system on the making ,as i thought this was your special baby
Look forward to seeing your new baby .
Thanks very much for sharing this .You have put in a lot of work and I appreciate it very much.
All the best for the new year ,to you and everyone here .
Best regards Peter
Just finished reading your thread Kirk , seems like your having some great results , I will try it for the next few weeks or so and let you know how I go on 4 hr charts .
Bit of a shock though to see you have an even better system on the making ,as i thought this was your special baby
Look forward to seeing your new baby .
Thanks very much for sharing this .You have put in a lot of work and I appreciate it very much.
All the best for the new year ,to you and everyone here .
Best regards Peter