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Scalping trading system CCI based

  • #741
  • May 29, 2017 10:15am May 29, 2017 10:15am
Quoting Pohbear
Hi Ioan, My momentum indicator doesn't seem to scale properly. Can i see what are your levels and fixed minimum/fixed maximum under the "common" tab? cheers
Hi Pohbear,

Nice to see you here.

Please take this indi, it should work properly.

Have a nice evening,

Ioan
Attached File(s)
File Type: mq4 Momentum_Alerts_Test.mq4   4 KB | 405 downloads
  • #742
  • May 29, 2017 9:34pm May 29, 2017 9:34pm
Greetings Ioan,

I am trying to setup my screen to be like what you posted so that I can learn to trade using the indicators you advised. Have applied CCI_based_scalping_system as provided by your good self but is unable to see some other indicators as such appreciate your kind advice.

Refers to screenshot you posted "05_25_2017_GBPAUDM1" against what I have attached.

I have highlighted the indi i am missing and appreciate if you could adv
Attached Image (click to enlarge)
Click to Enlarge Name: 05_25_2017_GBPAUDM1-BF.png Size: 54 KB
Attached Image (click to enlarge)
Click to Enlarge Name: BF.png Size: 22 KB
ice how to load it?
  • #743
  • May 30, 2017 1:24am May 30, 2017 1:24am
Quoting brianfong01
Greetings Ioan, I am trying to setup my screen to be like what you posted so that I can learn to trade using the indicators you advised. Have applied CCI_based_scalping_system as provided by your good self but is unable to see some other indicators as such appreciate your kind advice. Refers to screenshot you posted "05_25_2017_GBPAUDM1" against what I have attached. I have highlighted the indi i am missing and appreciate if you could adv{image}{image}ice how to load it?
Hello Brian,

Here you are. The signal line and the stop loss line are drawn manually for instant.

Ioan
Attached File(s)
File Type: ex4 MarketProfileDWM.v1.31.nmc.ex4   52 KB | 357 downloads
File Type: ex4 Trades History.ex4   36 KB | 346 downloads
  • #744
  • May 30, 2017 2:29am May 30, 2017 2:29am
Quoting ioni72
{quote} Hello Brian, Here you are. The signal line and the stop loss line are drawn manually for instant. Ioan {file} {file}
Thank you Iona. Will try it out. So far have not enter any trade based becos I am still trying to understand what the indicators are showing me. Thank you very much for your time.
  • #745
  • May 30, 2017 5:14am May 30, 2017 5:14am
Quoting brianfong01
{quote} Thank you Iona. Will try it out. So far have not enter any trade based becos I am still trying to understand what the indicators are showing me. Thank you very much for your time.
You are welcome Brian
  • #746
  • May 30, 2017 5:26am May 30, 2017 5:26am
Hello everybody,

Beautiful trading day, nice mouvements on several pairs.

Performance for today 30 pips and 1.28%. It's a great day for me. Today the account used only for this purpose doubled. +100.07%. Nice! It means, an average of 20% per month. Not too bad.

The chart with explanations follows below. I would like to say a special thank you to my old friend masterpic77. The indicator provided and prepared during the last weekend run perfectly and gave me the time to do other activities in parallel, waiting the signal. This is the first step on the road to an expert advisor.

If you need more explanations, please post here or ask by PM for those of you interested in live trading signals.
Attached Image (click to enlarge)
Click to Enlarge Name: 05_30_2017_GBPJPYM1.png Size: 59 KB
  • #747
  • May 30, 2017 8:38am May 30, 2017 8:38am
Quoting ioni72
Hello everybody, Beautiful trading day, nice mouvements on several pairs. Performance for today 30 pips and 1.28%. It's a great day for me. Today the account used only for this purpose doubled. +100.07%. Nice! It means, an average of 20% per month. Not too bad. The chart with explanations follows below. I would like to say a special thank you to my old friend masterpic77. The indicator provided and prepared during the last weekend run perfectly and gave me the time to do other activities in parallel, waiting the signal. This is the first step on...
Hi Iona,

Good day to you.

I have 3 questions regarding this trade.

1) What did you mean from Candle 1 - Reference candle from higher time frame - Can i see what you meant on the higher time frame?
2) Can you explain further Candle 3? Why did you not take this trade?
3)At 11:00, Momentum cross down to 99.9. Dont need to reset the whole setup again after it cross down 99.9?

Much thanks
  • #748
  • May 31, 2017 1:22am May 31, 2017 1:22am
Quoting Pohbear
{quote} Hi Iona, Good day to you. I have 3 questions regarding this trade. 1) What did you mean from Candle 1 - Reference candle from higher time frame - Can i see what you meant on the higher time frame? 2) Can you explain further Candle 3? Why did you not take this trade? 3)At 11:00, Momentum cross down to 99.9. Dont need to reset the whole setup again after it cross down 99.9? Much thanks
Hi Pohbear,

All answers to your questions are already explained in this thread.

Don't forget that my personal investment in this section of FF is completely free. In the same time I can't waste my time for each new member, showing the same charts or posting again the same explanations.

I share with all of you what I consider it's useful for you to help to go faster, but it doesn't mean that you don't have to do your homeworks. It takes years to learn all we need to learn before being profitable.

Best regards,

Ioan
  • #749
  • May 31, 2017 4:42am May 31, 2017 4:42am
Hello everyone,

As everyday, it's time to post the trade of the day explained a little bit and the results as well. Due to the speed of the mouvement the TP has been hit a little bit beyond the limit and instead of the common 15 pips, we had +2.4 pips per entry, it means 33.9 pips for me and +1.45%.

Today we have two charts to present. First of them shows the 5m chart, with a downtrend detected on a higher timeframe, so the decision has been taken to wait for SELL opportunities as long as these conditions were not changing. In the middle of this chart we found a big candle and all those that followed this one are inside bars, it means no possible decision to entry as long as the price was inside this candle.

The second one represents the evolution of the downtrend on 1m chart, outside the previous mentionned 5m candle, with a three inside down pattern and confirmation.

This job is not a joke at all. It is something for serious people. It is about money and the ability of each of us to live his/her life better or no. So, don't try to scam your life by lying yourself about trading. It takes sometimes a whole life to understand how it works.

I hope this message it is clear.

I wish you all a very good day. For me, it's time to run a little bit.

Ioan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 05_31_2017_GBPJPYM5.png Size: 47 KB
Click to Enlarge Name: 05_31_2017_GBPJPYM1.png Size: 61 KB
  • #750
  • Edited 7:56am Jun 1, 2017 7:41am | Edited 7:56am
Hello everyone,

Difficult day. I had to manage two different losses, from two different pairs. Losses on GBPCAD and GBPJPY, with entries at the bottom and the peak of the trend.

Finally I set the risk at 2% and got the profit for today but really with a very poor performance. 59 pips made but only 0.66% profit , instead of 2% for the same number of pips usually. Wins on GBPAUD.

Today, the signal line and the stop loss line have been identical. As known, sometimes a resistance line become a support line. The decision to take the profit has been taken because of the R1 line and because of the fact that 3 minutes later we had the ADP NFP change as news.

The chart is right here for the wins.

A nice day to all of you,

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_01_2017_GBPAUDM1.png Size: 59 KB
  • #751
  • Jun 2, 2017 2:43am Jun 2, 2017 2:43am
Hello traders,

This morning just stay away waiting the NFP. Don't take risks with low volumes and low volatility.

Happy pips guys
  • #752
  • Jun 2, 2017 8:08am Jun 2, 2017 8:08am
Hello traders and investors,

The job has been done quickly. We have enough time to go outside and enjoy the sun and the company of our relatives.

Today: 50.3 pips and 1.86% profit. Cumulated for this week: 255.8 pips and 6.77% net profit.

The chart is here with the common explanations.

I wish you all a very nice weekend and see you next Monday.

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_02_2017_GBPJPYM1.png Size: 51 KB
  • #753
  • Jun 5, 2017 4:36am Jun 5, 2017 4:36am
Hello traders,

Very quiet morning with the bank holidays in Western Europe.

This morning, 16.7 pips and 0.53% profit. New week, new challenges. The maximal drawdown on this trade has been 0.35% or 11 pips. Safe.

The chart is below with the explanations. On the left side of the chart you can see an exit if we were using the CCI instead of the Momentum.

A good afternoon to all of you.

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_05_2017_EURAUDM1.png Size: 56 KB
  • #754
  • Jun 6, 2017 2:54am Jun 6, 2017 2:54am
Hello traders and investors,

Let's post the trade of the day. Yes, it's already done. Very nice morning during the London session.

42.5 pips and 1.15% with the GBPJPY.

We had the chance to manage a second entry on the same chart. The first sell signal was still valid while we had the second one. This second one hit the TP of 15 pips, split in two trades by the broker. The first trade I have exited manually, because of the first rebound from the line 141.50.

I wish you all a nice day.

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_06_2017_GBPJPYM1.png Size: 59 KB
  • #755
  • Jun 6, 2017 4:04am Jun 6, 2017 4:04am
Dear ioni72

Thank you for this good thread and very interesting indeed, my CaveManager seems not to work properly. . . Would you mind sharing your template please??

Thank you!
The courage of an ANT!!
  • #756
  • Jun 6, 2017 6:34am Jun 6, 2017 6:34am
Dear ioni72

I keep on getting this message on my system, what it is im doing wrong??

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Scalping.PNG Size: 45 KB
The courage of an ANT!!
  • #757
  • Jun 6, 2017 8:26am Jun 6, 2017 8:26am
Quoting bondo
Dear ioni72 I keep on getting this message on my system, what it is im doing wrong?? Thank you. {image}
Hello Bondo,

Thank you for your kind words and for your interest.

Please find below the template used by now.

If you have questions, do't hesitate to ask.

Ioan
Attached File(s)
File Type: tpl MarketProfile_Mom.tpl   243 KB | 391 downloads
  • #758
  • Jun 7, 2017 6:02am Jun 7, 2017 6:02am
Hello traders and investors,

Today I would like to propose for analyse a loss. Why? Because of the psychology!! Don't try to win each time. Some trades go against us and we have to accept this situation. If our risk in pips or % is not anymore respected , we have to exit with a loss. Don't forget, we work with probabilities and statistics. If our win rate is in average around 75% and our risk reward ratio respected, we are anyway winners.

The example that I will show you is from this morning. All required conditions were in place for a short entry on EURCAD, it was the first pair where the SMA broke the signal line, given by the low of the candle 1. The trade went against me and hit the stop loss line. My stop has been set at the last swing, in this case 34 pips or 1.19% risk. Ok, I had to accept the loss.

Luckily, on the other side, the EURAUD, never touched the stop loss line and I added winning positions to delete the loss on EURCAD.

The result is poor in my opinion but still in my target: 44.1 pips, for only 0.74% profit, instead of around 1.5% if we had only winners with the same number of pips.

The explanations are also on the chart. I hope everyone can learn from this kind of example.

Ioan
Attached Image (click to enlarge)
Click to Enlarge Name: 06_07_2017_EURCADM1.png Size: 73 KB
  • #759
  • Jun 8, 2017 8:55am Jun 8, 2017 8:55am
Hello everyone,

No chart for today.

The reaction of the market to the Mister Draghi's press conference brought to me 58.3 pips and 2.76% profit. We are at 161.6 pips and 5.18% profit for this week.

No entry using the strategy of the thread , in consequence no explanation on chart.

I wish you all a very good afternoon waiting the results of the UK elections.

Ioan
  • #760
  • Edited 6:14am Jun 9, 2017 4:15am | Edited 6:14am
Hello traders and investors,

We are waiting for the Employment Change, the employment figures from Canada.

The reaction of the market to the UK elections has been very impressive. I could entry on the market several times, using the Momentum indicator on 1m chart. The results until now are 162.30 pips and 5.78% net profit, that means we have again a very, very good week.

Let's see the CAD this afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: 06_09_2017_Stats_USDCADM1.png Size: 19 KB
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