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Scalping trading system CCI based

  • #521
  • Mar 1, 2017 9:59am Mar 1, 2017 9:59am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting manuel91fs
... i reached stop loss... Can you tell me where i'm wrong?
You forgot an important rule (see below) ... which would have kept you out of this trade.

Quote
SMA 13 below the horizontal line given by the low of the candle that represents the level 200 of CCI 14
MT4/MT5 EAs/Indicators/Alerts coder
  • #522
  • Mar 1, 2017 1:44pm Mar 1, 2017 1:44pm
Quoting FerruFx
{quote} You forgot an important rule (see below) ... which would have kept you out of this trade. {quote}
yeah, you are right!
So, when ALL the conditions are met, i can enter long/short.
Thank you very much!

M.O.
  • #523
  • Mar 2, 2017 6:00am Mar 2, 2017 6:00am
Quoting FerruFx
{quote} You forgot an important rule (see below) ... which would have kept you out of this trade. {quote}
Hello Ferru,

Thank you for your help and for answering right here.

I hope everything goes well for you and foe your relatives.

Have a nice day,

Ioan
  • #524
  • Edited Jun 22, 2017 3:42pm Mar 2, 2017 6:12am | Edited Jun 22, 2017 3:42pm
Hello to all of you,

I was very busy this morning with my local initiative and I'm happy to announce you that this project could become real very, very soon.

We will do it!! We will be enough to invest, get profits and donate part of the benefits to build another roof for a social center.

All our work, us traders, will be online { information deleted by staff, per membership policy } and linked to the trade explorer.

I hope this will be the mechanism that will open another minds, right here, on FF.

I will not trade today, I have others meetings in few minutes. Maybe tomorrow afternoon I will be here with you.

Thank you for reading this post and have a nice day,

Ioan
  • #525
  • Mar 2, 2017 6:13am Mar 2, 2017 6:13am
Hi folks, a GJ trade for today

Attached Image (click to enlarge)
Click to Enlarge Name: 2-3-GBPJPYM1.png Size: 82 KB


TP at 10 because of the railroad tracks to the left...
  • #526
  • Mar 2, 2017 6:15am Mar 2, 2017 6:15am
Quoting manuel91fs
{quote} yeah, you are right! So, when ALL the conditions are met, i can enter long/short. Thank you very much! M.O.
Hello manuel91fs,

I'm glad to see your interest for this thread.

Just follow the main rules and it will easier for you.

If you need some help, don't hesitate , just ask and someone here will give you advices or will head you in the right direction.

Have a nice day,

Ioan
  • #527
  • Mar 2, 2017 7:07am Mar 2, 2017 7:07am
Quoting Go5
Hi folks, a GJ trade for today {image} TP at 10 because of the railroad tracks to the left...
Hi Go 5,

It's always perfect if you get profits!!!

In the next version of the indi Jagg will add some security features and we will try to avoid, as advice of course, to trade say +/- 5 pips around the strong lines

I'm glad anyway for your result.

Have a nice day,

Ioan
  • #528
  • Mar 2, 2017 7:20am Mar 2, 2017 7:20am
Quoting ioni72
{quote} Hi Go 5, It's always perfect if you get profits!!! In the next version of the indi Jagg will add some security features and we will try to avoid, as advice of course, to trade say +/- 5 pips around the strong lines I'm glad anyway for your result. Have a nice day, Ioan
Just gave back 5; ccfp wasn't great but I couldn't see that, frozen Mt4 (surprise...)
Attached Image (click to enlarge)
Click to Enlarge Name: 2-3-USDJPYM1.png Size: 66 KB
  • #529
  • Mar 2, 2017 7:36am Mar 2, 2017 7:36am
Quoting Go5
{quote} Just gave back 5; ccfp wasn't great but I couldn't see that, frozen Mt4 (surprise...) {image}
It's always better to lose just 5 instead of 25, isn't it?

For the next version of the indi, I hope Jagg could integrate the two new filters: volume and CCFP.

But, he is already doing a hard work by adding all these parameters , with security zones, number of candles and so on.
  • #530
  • Edited 8:21am Mar 2, 2017 7:49am | Edited 8:21am
Here is my amazing 3 in a row from today.(15pips each).

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB


I know its not Jigg's indicator but as I said I will try to create an EA and untill then I had also created a very first draft of an indicator (still a lot of work to do).
Jagg has already doing the same thing but in order to learn mql4/5 and be able to create an EA I had to visually indicate the bugs too (actually I also use Jigg's to find out what is and what is not working on mine too).
So this is only to test some of the implemented rules however if anybody wants to use it feel free to send me a pm to point out any disfunctions and bugs I haven't notice.
Ofcource take into account that this is only a very first alpha version and thus it's not a pure implementation of all iony's rules cause there are lot of things that need to be added/changed/fixed yet.
(If you use it, by default the Pivot parameter is enabled and the distance is set to 100 points. Hence if the entry is 10pips around the pivot levels it wont be verified. Ofcourse you can disable or change it according to your personal view)
Thank you all and iony72 and jigg special thanks for your hard work.
p.s.: Iony72 could you please explain more in details your plans about the project and how we could participate in any of that.
Attached File(s)
File Type: zip indi001alpha01.zip   57 KB | 324 downloads
  • #531
  • Mar 2, 2017 7:55am Mar 2, 2017 7:55am
Quoting ioni72
{quote} Hello manuel91fs, I'm glad to see your interest for this thread. Just follow the main rules and it will easier for you. If you need some help, don't hesitate , just ask and someone here will give you advices or will head you in the right direction. Have a nice day, Ioan
Hello ioni72,
I think that I have understood your strategy now.
My main problem is that i can easily met all the conditions except for the SMA(13) above (if long) / below (if short) the candle that intercept CCI at lvl 200....
Let's suppose that we are looking for conditions to start a long trade.
So, we want that the candle that intercept CCI at lvl 200 at his high value, is under SMA.
It means that the mean of last 13 candles has to be greater than the candle that intercept CCI at lvl 200
This implies that the trend MUST be downtrend.
Now my question is: how can be CCI growing if the trend is going down?

I hope that i've been clear, and eventually I'm asking you sorry for my bad english.
  • #532
  • Mar 2, 2017 8:08am Mar 2, 2017 8:08am
Quoting mojito163
Here is my amazing 3 in a row from today.(15pips each). {image} I know its not Jigg's indicator but as I said I will try to create an EA and untill then I had also created a very first draft of an indicator (still a lot of work to do). Jagg has already doing the same thing but in order to learn mql4/5 and be able to create an EA I had to visually indicate the bugs too (actually I also use Jigg's to find out what is and what is not working on mine too). So this is only to test some of the implemented rules however if anybody wants to use it feel...
Hello mojito,

I'm glad to see you right here.

I promise, I will play with your indi. It's something very well known that if you decide to go to the higher timeframes, as 5m or even 15m, the probability of success increases. My personal trading plan is always intraday, so I'm going to see what happens on higher timeframes only to check the majors S/R lines, SMA200 and SMA1000.

For our team, we can talk by PM or email if you want, just let me know.

Have a nice day,

Ioan
  • #533
  • Mar 2, 2017 8:18am Mar 2, 2017 8:18am
Quoting manuel91fs
{quote} Hello ioni72, I think that I have understood your strategy now. My main problem is that i can easily met all the conditions except for the SMA(13) above (if long) / below (if short) the candle that intercept CCI at lvl 200.... Let's suppose that we are looking for conditions to start a long trade. So, we want that the candle that intercept CCI at lvl 200 at his high value, is under SMA. It means that the mean of last 13 candles has to be greater than the candle that intercept CCI at lvl 200 This implies that the trend MUST be downtrend....
Hi manuel,

I work with the SMA13 to avoid most of the fake signals. So, instead of a single candle, we are looking for a confirmation of the trend with a simple average of 13 candles.

In your example, the SMA13 should close above the high of the candle given by the one when CCI 14 closed above the 200 level.

Starting this moment we are looking for the others conditions in link with the retracement of the main indicator.

I hope this is useful for you. If you need some charts as example, just ask and it will be done.

Ioan
  • #534
  • Mar 2, 2017 8:59am Mar 2, 2017 8:59am
Quoting ioni72
{quote} Hi manuel, I work with the SMA13 to avoid most of the fake signals. So, instead of a single candle, we are looking for a confirmation of the trend with a simple average of 13 candles. In your example, the SMA13 should close above the high of the candle given by the one when CCI 14 closed above the 200 level. Starting this moment we are looking for the others conditions in link with the retracement of the main indicator. I hope this is useful for you. If you need some charts as example, just ask and it will be done. Ioan
yes ioni72, could you post one chart please?
Because I can't find a situation where SMA mets the conditions you explained...
Thank you very much

M.O.
  • #535
  • Mar 2, 2017 10:25am Mar 2, 2017 10:25am
Quoting manuel91fs
{quote} yes ioni72, could you post one chart please? Because I can't find a situation where SMA mets the conditions you explained... Thank you very much M.O.
Ok, i've probably understood my problem.
1) I've taken a look at this chart https://www.forexfactory.com/attachm...4&d=1486889908 that it rather clear.
I thought that the SMA had to be above the candle that intercepted CCI 200. Instead, I have to check where SMA crosses the horizontal line given by the high of the candle that intercepted CCI 200, right?

Now, i have on more question.
2) Always looking at the chart linked before, between candles 1 and 2, CCI crosses -100 more than once. Following your rules:
Quote
Entry long the first time the CCI 14 will cross the level 100 and will be confirmed- if the previous retracement didn't cross the level -100; in this case wait the next opportunity. If the CCI 14 is still above the level 100 , look for an entry using the outside/inside bar with fractals and confirmation
Shouldn't I wait for the next opportinity?

Thank you in advance for the answer and the patience.

M.O.
  • #536
  • Mar 3, 2017 2:52am Mar 3, 2017 2:52am
Quoting manuel91fs
{quote} Ok, i've probably understood my problem. 1) I've taken a look at this chart https://www.forexfactory.com/attachm...4&d=1486889908 that it rather clear. I thought that the SMA had to be above the candle that intercepted CCI 200. Instead, I have to check where SMA crosses the horizontal line given by the high of the candle that intercepted CCI 200, right? Now, i have on more question. 2) Always looking at the chart linked before, between candles 1 and 2, CCI crosses -100 more than once. Following your rules:...
Hello manuel,

I hope all goes well for you.
As answer, for the question one is exactly as you described above, you have to wait that the SMA13 crosses above the high of the candle 1 before looking for the next condition to entry.
For the second question, sometimes the CCI retraces below the -100 level and in this particular case you have to wait a new set-up, with a very similar situation with so what you took as example.

Feel free to ask all your questions, don't be worry. There is no bad question, just not enough clear explanation.

Have a great day,

Ioan
  • #537
  • Mar 6, 2017 3:49am Mar 6, 2017 3:49am
Hello traders,

A new week starts and we already have several opportunities with our small system. There are at least two perfect trades as we can see below:
1/ GBPAUD and the confirmation with the CCFP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 224 KB
Click to Enlarge Name: Screenshot2.png Size: 205 KB
  • #538
  • Mar 6, 2017 4:22am Mar 6, 2017 4:22am
My 15 pips this morning

Attached Image (click to enlarge)
Click to Enlarge Name: 6-2-EURAUDM1.png Size: 80 KB


The confirmation candle was rather big, so I waited for some pullback.
The ADR was still ok when I entered...
  • #539
  • Mar 6, 2017 4:31am Mar 6, 2017 4:31am
Quoting Go5
My 15 pips this morning {image} The confirmation candle was rather big, so I waited for some pullback. The ADR was still ok when I entered...
Hi Go5,

It is a very good one, indeed, with all the requirements respected. So, if your trading plan was set at , let's say 1% profit, you could go at the beach right now and your working day was finished.

I'm really glad for your performance.

Have a nice day,

Ioan
  • #540
  • Edited 6:40am Mar 7, 2017 6:29am | Edited 6:40am
The 3rd alpha version of the indicator.

You can join us in our chat room => https://discord.gg/3BjZVBS
Please help to find bugs (tell your wishes) and report them in my trello board => https://trello.com/invite/b/mYpANMyl...dicator-ioni72

Changelog 3rd alpha release
- fine tuned SMA2 condition (PerfectSMA_for_Trade option - SMA13>SMA1000 AND SMA13>SMA200 is enough for a BUY for example)
- fixed confirmation bar counts (on a live chart conf. bar counts were wrong)
- added "Show horizontal lines (sweet spots)" (at the moment they are not considered/included for any trade decision)
- ... a few minor things

Changelog 2nd alpha release
- fixed alerts (sometimes alerts are not shown/fired or alerts are fired for old candles which were already deleted because of "Show untriggered Buy/Sell formations in chart history?" setting false)
- fixed a bug on object delete function (deleted also other indicators object)
- added offset multiplier settings so you can choose how far away the arrow, text, symbols are from the high/low
- ... a few minor things

--
Important: Put the Color CCI indicator (Color_CCI_v1.0j.mq4) as first indicator below the chart (subwindow 1)!
Info: CCFp and volume values are still not considered/included for any trade decision in this alpha version!
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-07 trade example indicator GBPAUD.png Size: 36 KB
Attached File(s)
File Type: zip # CCI based scalping system indicator v1.02j indicators and template.zip   191 KB | 703 downloads
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