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Scalping trading system CCI based

  • #281
  • Feb 14, 2017 7:08am Feb 14, 2017 7:08am
Quoting Panisko
Hi, ioni72 what you think about it? Mayby it's do early and pullback it's to small. {image}
Hi Panisko,

I would like you to read about the patterns inside / outside bar. Here you can't entry at all because your candles are all included in the big one on the left.

I think it is quit important to understand this notion, if you don't mind.

Just let me know if you need some help with this issue.

Ioan
  • #282
  • Feb 14, 2017 7:23am Feb 14, 2017 7:23am
Quoting Go5
{quote} Looks like this TE is not working as one might expect.... So, you have a set 30 SL via the cavemanager, not 15 pip - that trade went some 20 pips against? How come your TP at only 12 pip? Thanks
Hello Go5,

The settings provided with CaveManager are just examples. You have to prepare your own trading plan, with your personal TP/SL and BE. As you know, if you trade in periods with low volatility it is difficult to touch a target of 15 pips, it's easier to do it with 10 for example. If you choose to trade with pairs as EURUSD USDJPY USDCAD USDCHF the maximal amplitude of the day is about 50-60 pips so you can't try to get a target at 15 pips.

It was a personal choice to set the TP at 10 pips this morning, but the price went trough too fast and the order was closed 2 pips below.

As well, there are important differences in spreads and commissions among the brokers.

This is the reason for witch you have to prepare your own trading plan and you can't work with my personal settings. Personally, if I think that the trade could reach the target I just let it go, if all rules are in agreement with my system.

Don't hesitate to ask if there is something you don't understand.

Ioan
  • #283
  • Feb 14, 2017 10:44am Feb 14, 2017 10:44am
Here is another indi for correlation strength-- this works good and is easy on the CPU. It does not have a max back candle setting.

Attached File(s)
File Type: mq4 correl8b.mq4   17 KB | 408 downloads
Live today like theres no tomorrow-- Prioritize like you will die today
  • #284
  • Feb 14, 2017 11:38am Feb 14, 2017 11:38am
Now I get it how important is confirmation candle , it's really eliminate a lot of fakes

Here it's my trade from EJ.
Attached Image (click to enlarge)
Click to Enlarge Name: EJJ.jpg Size: 127 KB
"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #285
  • Feb 14, 2017 11:53am Feb 14, 2017 11:53am
Quoting iamsovereign
Here is another indi for correlation strength-- this works good and is easy on the CPU. It does not have a max back candle setting. correl8b.mq4;2186783 {file}
Hello,

Thank you,

I will try it tomorrow in practice, if I have enough time.

Have a nice evening,

Ioan
  • #286
  • Feb 14, 2017 11:55am Feb 14, 2017 11:55am
Quoting Panisko
Now I get it how important is confirmation candle , it's really eliminate a lot of fakes Here it's my trade from EJ. {image}
Hi Panisko,

I'm really glad for you and I hope your trading will be better after that.

Don't hesitate to ask if you need more details.

Have a nice evening,

Ioan
  • #287
  • Feb 14, 2017 2:12pm Feb 14, 2017 2:12pm
Quoting ioni72
{quote} Hi Panisko, I'm really glad for you and I hope your trading will be better after that. Don't hesitate to ask if you need more details. Have a nice evening, Ioan
CCI system attached
Attached File(s)
File Type: zip buysell20.zip   54 KB | 344 downloads
  • #288
  • Feb 14, 2017 2:14pm Feb 14, 2017 2:14pm
Quoting every.search
{quote} CCI system attached {file}
Also

Indicator CCI 2017
Attached File(s)
File Type: mq4 CCI VOLUME.mq4   6 KB | 310 downloads
  • #289
  • Feb 14, 2017 4:14pm Feb 14, 2017 4:14pm
Whats up with your latest trades it seems they are going nowhere ? Just sideways if we look to the chart ?

Best regards
  • #290
  • Feb 14, 2017 5:05pm Feb 14, 2017 5:05pm
Quoting every.search
{quote} Also Indicator CCI 2017 {file}
Hello every.search,

Thank you for your indicators, it seems to be very good, at least CCI Volume

I'll try it certainly tomorrow morning

Ioan
  • #291
  • Feb 14, 2017 5:08pm Feb 14, 2017 5:08pm
Quoting jgadefelth
Whats up with your latest trades it seems they are going nowhere ? Just sideways if we look to the chart ? Best regards
Hello jgadefelth,

Could you post the charts or the trades you are talking about?

This way I could have a look and analyse if something doesn't work properly with this strategy.

Ioan
  • #292
  • Feb 15, 2017 2:40am Feb 15, 2017 2:40am
Hello traders,

Today is time to test an indicator provided by every.search, CCI Volume.

Let's try together to find the better entries, to pinpoint them the best we can do.

I wait your comments and results if you want to participate to this test, of course.

I wish to all of you a great day,

Ioan
Attached File(s)
File Type: mq4 CCI VOLUME.mq4   6 KB | 295 downloads
  • #293
  • Feb 15, 2017 3:04am Feb 15, 2017 3:04am
Quoting ioni72
{quote} Hello jgadefelth, Could you post the charts or the trades you are talking about? This way I could have a look and analyse if something doesn't work properly with this strategy. Ioan
No i mean your trades on top on this thread is info about your trades there is a chart return by trade 62 trades the last trades are seems to go sideways what does it mean ?

Best regards
  • #294
  • Feb 15, 2017 3:14am Feb 15, 2017 3:14am
Quoting jgadefelth
{quote} No i mean your trades on top on this thread is info about your trades there is a chart return by trade 62 trades the last trades are seems to go sideways what does it mean ? Best regards
Hello,
Are you asking about the trade explorer?

If this is your question, except last Friday when I tried to test a strategy for news, and it didn't work, I think the results are no so bad. the losses are managed in a small range and we have some profits. The goal of 1% per day is not so far.

Of course, we can do better but it is difficult to trade and answer the thread in the same time and, on the other side trading for myself on real.

I hope you understand my position.

Have a nice day,

Ioan
  • #295
  • Feb 15, 2017 3:16am Feb 15, 2017 3:16am
The icorrel8 indi is ok but not very smooth, one has to find a good seperation level
Attached Image (click to enlarge)
Click to Enlarge Name: corr8-GBPAUDM1.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ccfp-GBPAUDM1.png Size: 43 KB


I am only using the one pair option and change the symbol, much easier to see...
  • #296
  • Feb 15, 2017 3:45am Feb 15, 2017 3:45am
Quoting Go5
The icorrel8 indi is ok but not very smooth, one has to find a good seperation level corr8-GBPAUDM1.png;2187458 ccfp-GBPAUDM1.png;2187459 I am only using the one pair option and change the symbol, much easier to see... {image} {image}
Thank you Go5 for your appreciation.

Personally I work with he CCFP on a neutral chart because of the resources of my CPU. But for those of you witch have some powerful PCs it is very possible to work this way.

Have a nice day,

Ioan
  • #297
  • Feb 15, 2017 3:52am Feb 15, 2017 3:52am
Quoting ioni72
Hello traders, Today is time to test an indicator provided by every.search, CCI Volume. Let's try together to find the better entries, to pinpoint them the best we can do. I wait your comments and results if you want to participate to this test, of course. I wish to all of you a great day, Ioan {file}
First remark: it takes a lot of resources of the CPU if you try to add this indi to all opened charts.

I had to reduce the number of bars from 2500 to 1250 and is still difficult.

Second remark: the indicator shows others possible entries with 1250 bars in memory, not the sames as with 2500 bars.

For instant , I will keep it just for the main pairs that I usually trade.
  • #298
  • Feb 15, 2017 3:57am Feb 15, 2017 3:57am
Quoting ioni72
{quote} Thank you Go5 for your appreciation. Personally I work with he CCFP on a neutral chart because of the resources of my CPU. But for those of you witch have some powerful PCs it is very possible to work this way. Have a nice day, Ioan
That is what I do. In a seperate Mt4 (= seperate core) one chart and I change the sympol needed.
  • #299
  • Feb 15, 2017 4:20am Feb 15, 2017 4:20am
Quoting Go5
{quote} That is what I do. In a seperate Mt4 (= seperate core) one chart and I change the sympol needed.
Could I ask what machine do you work with for trading?
  • #300
  • Feb 15, 2017 4:27am Feb 15, 2017 4:27am
Quoting ioni72
{quote} Hello, Are you asking about the trade explorer? If this is your question, except last Friday when I tried to test a strategy for news, and it didn't work, I think the results are no so bad. the losses are managed in a small range and we have some profits. The goal of 1% per day is not so far. Of course, we can do better but it is difficult to trade and answer the thread in the same time and, on the other side trading for myself on real. I hope you understand my position. Have a nice day, Ioan
Yes i think i am Also i read quick thrue some post in your first post you say risk :reward 1:2 that is risk for example 10 pips to get 20 have you been able to do this ?

Its great that you handle this thread and answear questions so soon but i think your trading is most important and you should first trade then after when you are finish for the day you can come here and answear questions. Also is it possible to do a youtube video about your strategy ? Thanks.

Have a nice day.
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