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Scalping trading system CCI based

  • #181
  • Feb 12, 2017 4:43am Feb 12, 2017 4:43am
Quoting Panisko
now I understand "SMA 13 closed above the horizontal line..." haha It's eliminate a lot of fake signals with everyday i feel more confident and looks more with this strategy, awesome
Hello Panisko,

Maybe tomorrow you could start to test it in practice?

Have a nice day
  • #182
  • Feb 12, 2017 5:18am Feb 12, 2017 5:18am
Yea , I will give here screenshots and make "trade explorer" too We will learn here together
"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #183
  • Feb 12, 2017 5:29am Feb 12, 2017 5:29am
Quoting Panisko
Yea , I will give here screenshots and make "trade explorer" too We will learn here together
It's a very good idea, Panisko. You can follow your own progression and you can improve your trading this way.

If you need my help don't hesitate to ask.

Ioan
  • #184
  • Feb 12, 2017 5:35am Feb 12, 2017 5:35am
Quoting ioni72
{quote} Hello Emerald, I have prepared the chart from your example. Please find below the perfect set-up for this 5m chart. Have a nice Sunday, Ioan {image}

Hi ioni,

I understand everything now except for the confirmation candle: It should close above the high of candle 3in this case, and you say it does nog get trigered in the next four candles.
but the second candle after "3" does close above candle "3"??... or am i missing something here.


Thank you
veni vidi vici
  • #185
  • Feb 12, 2017 5:39am Feb 12, 2017 5:39am
Hello to all of you,

I would like to remind that there is a day in the week, while the market is closed, when any trader should take the time for his trading journal.

Have a look to the past trading week and analyse the entries. Did them respect the required conditions to entry the market? Were them profitable? What was the drawdown? Did I respect the risk management?

The statistical work with the trade explorer has an important impact but we need to analyse the charts as well.

This is a part of your work if you want to be free one day.

Have a great day to all of you,

Ioan
  • #186
  • Feb 12, 2017 5:59am Feb 12, 2017 5:59am
Quoting mansan
{quote} Hi ioni, I understand everything now except for the confirmation candle: It should close above the high of candle 3in this case, and you say it does nog get trigered in the next four candles. but the second candle after "3" does close above candle "3"??... or am i missing something here. Thank you
Hello mansan,

Let's have a look together if you want.

You are right, I have checked again and you are perfectly right. I didn't see that because the difference was so small. I'm sorry about that. It is the right entry.

Personally, I prefer the next one, it is easier to see and understand. Again, apologise for that.

Ioan
  • #187
  • Feb 12, 2017 6:21am Feb 12, 2017 6:21am
Quoting ioni72
{quote} Hello Emerald, I have prepared the chart from your example. Please find below the perfect set-up for this 5m chart. Have a nice Sunday, Ioan {image}
Hi, Looks good..i think I just went in one bar earlier but pretty much thought the same as your chart thanks Should I give up the day job and have a go at this fulltime? I'm in the Uk and best session is London when am at work
  • #188
  • Feb 12, 2017 6:48am Feb 12, 2017 6:48am
Quoting Emerald2112
{quote} Hi, Looks good..i think I just went in one bar earlier but pretty much thought the same as your chart thanks Should I give up the day job and have a go at this fulltime? I'm in the Uk and best session is London when am at work
Emerald, please!!!

The system is online since last Tuesday. You have to get a solid experience by trading this system first. You have to trade in demo at least three month, I mean to reach the goal that you follow. This is the first step.

The second step is represented by a second income from your trading but the main job is still your office.

The third step is the part time, half office and half trading.

And if at this level, you have always consistent profits, then, you can give up your day job and trade.

This is my opinion of course.

I don't recommend to someone to quit his/her job so quickly. It is a long way before the freedom.

Just be patient.

I hope you will analyse such a decision from all parts and eventually, ask for an advise to your family and relatives. It is not a joke. It is your life.

Don't be disappointed by my answer, I hope you understand my position.

Ioan
  • #189
  • Edited 1:31pm Feb 12, 2017 9:24am | Edited 1:31pm
Hi Ioni- You should get the system award of the year, LOL - the more I back test it the more I like it.

I am posting a currency strength meter similar to the CCFP_1 indi that has been posted. This indi will give you the ability to add many more candles to the back time so that you can back test further back in time -- also you can see only the two currencies that are on the main chart. or you can see all currencies just like the CCFP indi does... your choice-- also play with the settings.... I personally turn off the Arrows.... and there is a alarm feature as well.
Ioni -- I can pull this post if you want me to -- Just trying to help out here.

Once again - Ioni - great system !! Your the man.

Update- you can only set about 900 max bars lookback when on 1M chart TF - but 5M TF and up you can use many more max bars lookback
Attached File(s)
File Type: ex4 Strength Separation (89) mod Daily Open filter no exit and thin lines.ex4   52 KB | 406 downloads
Live today like theres no tomorrow-- Prioritize like you will die today
  • #190
  • Feb 12, 2017 10:05am Feb 12, 2017 10:05am
Quoting iamsovereign
Hi Ioni- You should get the system award of the year, LOL - the more I back test it the more I like it. I am posting a currency strength meter similar to the CCFP_1 indi that has been posted. This indi will give you the ability to add many more candles to the back time so that you can back test further back in time -- also you can see only the two currencies that are on the main chart. or you can see all currencies just like the CCFP indi does... your choice-- also play with the settings.... I personally turn off the Arrows.... and there is a alarm...
Hello iamsovereign,

I will play with this indi tomorrow, that's for sure.

I asked already Reteid2222, she's a programmer, to work on the version of the CCFP that I posted in this thread, and to add an alert by sound and pop up window when the spread between two currencies are larger than a certain number , that could be set by each of us.

The system is a winning one, this is clear because I'm work with it everyday. As you know, there is no winning system at 100%, so, our job is to manage the losses. We need just 60% winning rate, for reaching the goal of 20% per month of the initial balance. This system has a winning rate above this line of 60% so it is easier for the trader.

Have a nice evening,

Ioan
  • #191
  • Feb 12, 2017 10:11am Feb 12, 2017 10:11am
Quoting ioni72
{quote} Emerald, please!!! The system is online since last Tuesday. You have to get a solid experience by trading this system first. You have to trade in demo at least three month, I mean to reach the goal that you follow. This is the first step. The second step is represented by a second income from your trading but the main job is still your office. The third step is the part time, half office and half trading. And if at this level, you have always consistent profits, then, you can give up your day job and trade. This is my opinion of course....
I wasn't serious about giving up the day job...yet. Thanks good advice though and will give this a go when I can on demo only
  • #192
  • Feb 12, 2017 10:15am Feb 12, 2017 10:15am
Quoting Emerald2112
{quote} I wasn't serious about giving up the day job...yet. Thanks good advice though and will give this a go when I can on demo only
I know Emerald,

I think I had to precise these things for junior traders witch could imagine to go too quickly on real without enough experience for that.

Thanks for your post.

Ioan
  • #193
  • Feb 12, 2017 1:26pm Feb 12, 2017 1:26pm
Quoting ioni72
{quote} Hello mansan, Let's have a look together if you want. You are right, I have checked again and you are perfectly right. I didn't see that because the difference was so small. I'm sorry about that. It is the right entry. Personally, I prefer the next one, it is easier to see and understand. Again, apologise for that. Ioan
No problem at all

i just wanted to make sure I'd understanded the rules
veni vidi vici
  • #194
  • Feb 12, 2017 1:47pm Feb 12, 2017 1:47pm
Quoting ioni72
{quote} I know Emerald, I think I had to precise these things for junior traders witch could imagine to go too quickly on real without enough experience for that. Thanks for your post. Ioan
If I can be as half as good as you ill be happy Thanks for posting your system for us all here at FF!
  • #195
  • Feb 12, 2017 2:10pm Feb 12, 2017 2:10pm
Quoting mansan
{quote} No problem at all i just wanted to make sure I'd understanded the rules
You got it, that's for sure.

Now , it's time to trade!!!
  • #196
  • Feb 12, 2017 2:13pm Feb 12, 2017 2:13pm
Quoting Emerald2112
{quote} If I can be as half as good as you ill be happy Thanks for posting your system for us all here at FF!
You are welcome, Emerald.

If you need some others explanations, don't hesitate to ask, I will be always available to advice you.

And now, time to sleep a little bit.

Ioan
  • #197
  • Feb 12, 2017 3:03pm Feb 12, 2017 3:03pm
OK...how I understand the rules:
For long
- SMA13<SMA200<SMA1000
- CCI under -100...draw line horizonal call it Line A
- CCI goes up but not over 100
- CCI unter -100 again
- sma13 breaks Line A
- Next candle bullish=green
- if not green wait for next green candle?
-> Buy

for sell: vice versa
Other indicators: Decoration like things on an Xmas Tree

Nice & promising strat!
Vucking good EA coder... https://t.ly/AZjRM
  • #198
  • Feb 12, 2017 3:07pm Feb 12, 2017 3:07pm
Quoting reteid2222
OK...how I understand the rules: For long - SMA13<SMA200<SMA1000 - CCI under -100...draw line horizonal call it Line A - CCI goes up but not over 100 - CCI unter -100 again - sma13 breaks Line A - Next candle bullish=green -> Buy for sell: vice versa Other indicators: Decoration like things on an Xmas Tree
Yeah...make alerters and EA's and managers and dashboards so Xmas comes early for us all
  • #199
  • Feb 12, 2017 3:49pm Feb 12, 2017 3:49pm
Quoting Emerald2112
{quote} Yeah...make alerters and EA's and managers and dashboards so Xmas comes early for us all
Great....I am "known all over town" like the english say....
How you recognize me...was it my blue skirt or the red gown?
Attached Image (click to enlarge)
Click to Enlarge Name: supergirl.jpg Size: 105 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #200
  • Feb 12, 2017 4:55pm Feb 12, 2017 4:55pm
Quoting Panisko
now I understand "SMA 13 closed above the horizontal line..." haha It's eliminate a lot of fake signals with everyday i feel more confident and looks more with this strategy, awesome
Hi to all. New to follow this thread !
Will test this system this week but just need a little explanation on this setup please.
ioni72 could u please tell me why at point "3" candle is not confirmed to enter the trade?

What do u mean by candle confirmed? what is the difference comparing to point "4" ?

thanks
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