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TF trading using CCI method-it works


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TF trading using CCI method-it works

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  #101 (permalink)
ESFXtrader
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"I would be interested in seeing the results for TF 12-10 on December 1st , if you have time.

Thanks for posting !"
from ThatManFromTexas post #78

Side note: I, too, can be called ThatManFromTexas, but that's another story.

I will have to do more work, as I notated the wrong day-12-2-10, which is shown below.
Hope it wasn't a waste of time.
I still must get on the option work I promised.
So much to do and still trade.
More later.

WK

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  #102 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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ESFXtrader , I took a simple trend following system and added your filter idea. The results are in the Excel spread sheet attached.

Thanks for taking the time to post your ideas. Please don't be offended if people interrogate you ... oops.. I mean ask a lot of questions. That's how we learn.

I hope you stick around and join the Elite group.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #103 (permalink)
 monpere 
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ESFXtrader View Post
WOW Mike!

It would seem there is nothing you can't do in your writing codes on indicators- pretty sophisticated....from identifying direction and strength in the markets to the sexy voice to say buy and another to say bye.....its all good. I have never written code. I'm not sure code can weigh the value of volume, strength of trend, price location in reference to where its been and to BBs, and the support and resistance areas, not to mention divergence and long bar moves and certain continuation bounces off the 20 and 31 EMAs and There is one more thing I will cover when I have the time that I have not seen mentioned to date. Just wait....so much going on.
Your code writing is amazing.
Thanks for the excellent effort, as many traders can use it and simplify their trading until the trades jump off the charts.
WK

Should all be doable. I've seen bits and snipets of code to do all that in various places.

 
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  #104 (permalink)
 MWinfrey 
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Those of you who downloaded the indicator need to download it again. It didn't plot the shorts correctly. You can download from the original post at

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  #105 (permalink)
 emini_Holy_Grail 
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ESFX. would you mind help to explain how you took entries short at 743 and Long at 741.60 as while CCI didnt cross 45 at both places.

 
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  #106 (permalink)
 ollie 
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emini_Holy_Grail View Post
ESFX. would you mind help to explain how you took entries short at 743 and Long at 741.60 as while CCI didnt cross 45 at both places.


Hello EMini,

I hope that ESFX does not mind my attempt to explain trades.

The short @ 743 is based on the concept that after the 5 bar countback the market is set to reverse itself.

In one of ESFX's earlier posts he stated to look at the CCI bars, where are they coming from. In this case each consective bar is converging to the zero line.

Regards

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #107 (permalink)
 trendisyourfriend 
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ollie View Post
Hello EMini,

I hope that ESFX does not mind my attempt to explain trades.

The short @ 743 is based on the concept that after the 5 bar countback the market is set to reverse itself.

In one of ESFX's earlier posts he stated to look at the CCI bars, where are they coming from. In this case each consective bar is converging to the zero line.

Regards

Also, you could add that price had fallen out of the ring (read Bollinger bands) and as such you can expect a mean reversion to the middle of the ring. Fat Tails is a fan of such moves where price reaches an area outside of the norm (volatility bands) and re-enter the ring (Keltner channel, Bollinger bands ect.) even more so if the last move made a new peak or extremum as would write Gomi.

 
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  #108 (permalink)
ESFXtrader
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"I would be interested in seeing the results for TF 12-10 on December 1st , if you have time.
Thanks for posting !" from ThatManFromTexas Post #78
I show a sample of potential trades in the attached chart for your perusal. After the early bull move, the range was tight, as you were aware, and yet plenty of money to be made. Just follow the signals.

Thanks for any help in explaining my system. I just returned from helping a friend move...you know how it is when you own a truck....trading, which is our living, is set aside.....but it is always great to have good friends.
And ther is always another trade.

More later.

WK

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  #109 (permalink)
 perryg 
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ESFXtrader View Post
One of my simplest Trading plans for any time frame and any vehicle: I like 377 tick on the TF, 15 minute charts for FX, 633 tick for ES, & 11 tick on EURO future.

Could you please reaffirm that you trade the Euro Futures on an 11 Tick chart and not a 110 tick chart.

 
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  #110 (permalink)
 ollie 
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perryg View Post
Could you please reaffirm that you trade the Euro Futures on an 11 Tick chart and not a 110 tick chart.

“you only use an 11 tick chart to trade the 6e?”
Thanks, Jeff
Actually, the 11 tick chart would be to fast on the 6e, and I was referring to the TradeStation's @E7, which is the e-mini EURO FX continuous contract. Each tick is $6.50 per contract. I will include a chart with notations. Hopefully this will clear up most questions.


Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #111 (permalink)
ESFXtrader
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The @E7 was done early. Here it is again. The11 tick on 12/29/10

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  #112 (permalink)
 emini_Holy_Grail 
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Ollie - thks for explaining the entries on that chart. got late today so delay in thanking

 
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  #113 (permalink)
 emini_Holy_Grail 
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ESFX - appreciate for posting all the charts with good markings/text.
can you pl add date to the chart as TS chart is hard to see the date. You have marked on some, but some dont have dates, so hard to compare with my chart. Thks

 
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  #114 (permalink)
ESFXtrader
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"ESFX - appreciate for posting all the charts with good markings/text.
can you pl add date to the chart as TS chart is hard to see the date. You have marked on some, but some dont have dates, so hard to compare with my chart. Thks"

I will check those where the date is not shown on the bottom or notated and repost with the date ASAP. Here is a test for the day. See attached chart on TF. See if you who follow this thread can explain the trades on your chart. I will do so later.
Good trading.
WK

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  #115 (permalink)
 trendisyourfriend 
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ESFXtrader View Post
"ESFX - appreciate for posting all the charts with good markings/text.
can you pl add date to the chart as TS chart is hard to see the date. You have marked on some, but some dont have dates, so hard to compare with my chart. Thks"

I will check those where the date is not shown on the bottom or notated and repost with the date ASAP. Here is a test for the day. See attached chart on TF. See if you who follow this thread can explain the trades on your chart. I will do so later.
Good trading.
WK

I like your initiative ESFXtrader, that's certainly a good way to help in validating if your message or instructions have been understood.

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  #116 (permalink)
 emini_Holy_Grail 
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Thks much ESFX for respecting my request. I do see date in the chart now

 
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  #117 (permalink)
 MWinfrey 
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Hey guys...thought I'd mention this. Using the indicator I wrote to count the CCI bars seems to be working really well. In fact, I'm finding that instead of getting out when you get the #5, stay in unless bar #5 is below the -45 for longs and above +45 for shorts. And yes, I mean -45 for longs and +45 for shorts. That doesn't give up much if the trade goes against you but keeps you in for those long runs. I'm using a 3 tick range bar on 6e and cl for this study. Don't know how this will work with different chart types.

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  #118 (permalink)
ESFXtrader
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Thanks!!!
I was hoping to see someone actually using the method to see just that, as I had held that back to see who was going to find it. Congrats!!!!!!!
WK

 
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  #119 (permalink)
 MWinfrey 
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ESFXtrader View Post
Thanks!!!
I was hoping to see someone actually using the method to see just that, as I had held that back to see who was going to find it. Congrats!!!!!!!
WK

What's that...you referring to the holding past #5?

 
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  #120 (permalink)
ESFXtrader
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Some traders prefer to hold for the entire move. Actually, the best approach is to trade multiple contracts and close some portion as first described and hold the others for the big moves. After the pullback, you can re-enter those sold for more profits. You will frequently see the pullbacks to the 20SMA, the mid BB, which is often a good re-entry. When the pullback continues to where the value of the CCI bar does not reach 45, you may already be out, if you have a proper trailing stop. Each market is different and required a different trailing stop, assuming one chooses to use one. I believe that everyone is getting the idea that my system is as fexible as you choose to make it, and is always profitable, if you stick to the setups.
Thanks for all those great inputs that have made this thread so good.
WK

 
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  #121 (permalink)
ESFXtrader
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Here is an example of such a hold of the TF after the previous snap shot of TF on 1-4-11.
WK

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  #122 (permalink)
 MWinfrey 
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ESFXtrader View Post
Here is an example of such a hold of the TF after the previous snap shot of TF on 1-4-11.
WK

yep sure is...exactly what I was talking about.

 
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  #123 (permalink)
 ollie 
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MWinfrey View Post
Hey guys...thought I'd mention this. Using the indicator I wrote to count the CCI bars seems to be working really well. In fact, I'm finding that instead of getting out when you get the #5, stay in unless bar #5 is below the -45 for longs and above +45 for shorts. And yes, I mean -45 for longs and +45 for shorts. That doesn't give up much if the trade goes against you but keeps you in for those long runs. I'm using a 3 tick range bar on 6e and cl for this study. Don't know how this will work with different chart types.


Hello Mike,

Is this indicator for 6.5 of 7? I tried to import indicator to my NT 6.5 and a pop up says "import failed application not found." The only thing I can think of is the indicator is for 7.0, am I right to think this, or is there something else I am missing?

Thanks

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #124 (permalink)
 sleepy 
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Hi ESFX,

How did you arrive at the values +45/-45 as your entry point. Was it based on extensive forward/back testing or some other reason. Just curious.

sleepy

 
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  #125 (permalink)
ESFXtrader
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Yes.....so many hours of finding the best value of the CCI and then trading the same. It first proved awesome on the ES. From there, I have tried many other assets, ETFs, etc, and determined, to date, it is the best at getting into and exiting a trade for all trading. Of course, you can try other values on what you trade and see if you can improve your trading. All that matters, is that you do the best you can do. As you find a better value in some market, then you can relay it to those who share their trading here and we are all winners.
WK

 
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  #126 (permalink)
 bluemele 
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ollie View Post
Hello Mike,

Is this indicator for 6.5 of 7? I tried to import indicator to my NT 6.5 and a pop up says "import failed application not found." The only thing I can think of is the indicator is for 7.0, am I right to think this, or is there something else I am missing?

Thanks

He said earlier 7.0 only for now.

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  #127 (permalink)
 ollie 
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bluemele View Post
He said earlier 7.0 only for now.


Thanks Blue,

I see it in the post now

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #128 (permalink)
 jdella 
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MWinfrey View Post
Hey guys...thought I'd mention this. Using the indicator I wrote to count the CCI bars seems to be working really well. In fact, I'm finding that instead of getting out when you get the #5, stay in unless bar #5 is below the -45 for longs and above +45 for shorts. And yes, I mean -45 for longs and +45 for shorts. That doesn't give up much if the trade goes against you but keeps you in for those long runs. I'm using a 3 tick range bar on 6e and cl for this study. Don't know how this will work with different chart types.

Mike thanks for programming that counter indicator, here is a screenshot of it on my chart with a 3 range 6E chart, does the numbering look correct?
Thanks, Jeff

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  #129 (permalink)
 emini_Holy_Grail 
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here is a screenshot from 3 range 6E chart just in case if it helps to compare.

I even changed my BG to black to match jdella

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  #130 (permalink)
 emini_Holy_Grail 
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Mwinfrey

can I make a request to make that Dot, green and red dot "bigger" ? when CCI changes from +45 and -45

 
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  #131 (permalink)
 emini_Holy_Grail 
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Mike
Posting another 6E - 3range chart, today's chart
It is missing a Green dot at 13.45 as you can see, it crossed +45. would appreciate if you can verify.
time 13.45 is cst

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  #132 (permalink)
ESFXtrader
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The purpose of this post is to show those who have not seen this: An IWM 5 min chart on top with an IWM 10 min chart on bottom. The upper chart has a 62EMA and the lower chart has a 31EMA. Here, it is easy to see that the MAs represent the exact price points at any given time. Therefore, one can use both the 31EMA and 62EMA on the shorter time frame and quickly get the support/resistance of both charts, as well as other additional aspects it may offer. One might see how a trader could take advantage of this and use other charts for other instruments. Therefore, once one gets used to the look, it does not look overly busy. By the way, you can do the same thing with MACD cross. By doubling the values of MACD., you get a similar result on a single chart on the same sub-graft. Note the only difference in the upper and lower MACDs is the 3rd value (MACD length), where the upper is 18 and the lower is 9 (default).
WK

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  #133 (permalink)
 MWinfrey 
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emini_Holy_Grail View Post
Mwinfrey

can I make a request to make that Dot, green and red dot "bigger" ? when CCI changes from +45 and -45

dot is a fixed size so what you see is what you get

 
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  #134 (permalink)
 MWinfrey 
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jdella View Post
Mike thanks for programming that counter indicator, here is a screenshot of it on my chart with a 3 range 6E chart, does the numbering look correct?
Thanks, Jeff

yes it's correct. i think i mentioned in my first post where i described this indicator that you may get numbers above and below at times. it just depends when the crossing of the -45/+45 occurs. the numbers above the line are for the crossing of the +45 and numbers below the line are for the crossing of the -45.

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  #135 (permalink)
ESFXtrader
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As promised....Hope you had a chance to see the trades and why each was a good trade on this 5 Min chart on 1/4/11. May all your trades be winners.
WK

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  #136 (permalink)
 rajafx1 
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ESFXtrader View Post
As promised....Hope you had a chance to see the trades and why each was a good trade on this 5 Min chart on 1/4/11. May all your trades be winners.
WK

Hi
Please can u tell why you skipped some of the short trades, as they were visible from cci crossing below-45.
please if u can mark on chart.

 
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ESFXtrader
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A count back of 5 or a BB setup may offer a better reversal than that of the 1st bar reversal. Secondly, always look at the price as comparied to the BBs and do not take the 1st bar after a big move in price or where it is at the oposite BB or if the bar is to long....on the long bar, wait for 1/2 pull back within 3 bars or so, depending on the time frame you are trading. Don't just look at the 1st bar >45 or >-45. Also, remember.....no plan is perfect.
Learn the system and the trades pop out at you.....look at a lot of charts.
Also, sometimes the arrows shown indicate only a close of a trade, not a reversal, as there are other indicators that may help show the reversal.
Never expect any setup against a strong trend to continue in the reversal for more than a few ticks and therefore it is best not to take them unless they are outside the outer BB. Then look at the overall price action and make a good judgement and you will most often be right.

Here is the continuation of 1/4/11 on the TFH11 5 Min chart.
Maybe this will help.
Good Trading.
WK

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ESFXtrader
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WOW!
And in the middle of the night. Not much sleep yet. I ran across Mikes Journaling and can't put it down, so to speak. Well, you know where I will be in my spare moments going forward. I am now realizing the importance of journalizing. I had thought it was a waste of time. I can't thank you enough, Mike, for this site and your journaling. May God Bless you, your family, and all you care about.
Thank you very much!!! Now time to get some
WK

 
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 max-td 
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MWinfrey View Post
dot is a fixed size so what you see is what you get

hey mike,

have a look here at this concept , how i handled plotting dots in this waveRider-Dots- indicator.



using a condition-controled "dotted line / plot" (iE EMAs or a flat horizontal line)
makes DOTs adjustable in size & color and also brings them away from being a drawobect.

maybe this is something useful also in indicators like yours here.

i have no problems if you use the DOT-codingtrick outside of elite, but the wavelets itself should stay in there.


BTW : Great Thread & Topic here !

max-td
 
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 trendisyourfriend 
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ESFXtrader, it's not clear to me, when we see an arrow on your charts, do you always enter at the close of that bar ? For example, certain reversal trades you take at the BB, do you take them when price hits the band (Sell limit before price gets there) or you wait until the bar closes in the anticipated direction (market order/ Sell stop) ?

 
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  #141 (permalink)
 emini_Holy_Grail 
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ESFX

12345 count around 10.35 and 11.35 in TF 5min chart above, failed to reverse so how do you use BB to see whether it reverses or not. I dont say that count always should reverse to help us but like to see how BB is used. price can sneak out of outer BB, but sometimes it can enter back into the midband, or keep stay outside the outer band, anyway to spot this diff

 
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 MWinfrey 
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max-td View Post
hey mike,

have a look here at this concept , how i handled plotting dots in this waveRider-Dots- indicator.



using a condition-controled "dotted line / plot" (iE EMAs or a flat horizontal line)
makes DOTs adjustable in size & color and also brings them away from being a drawobect.

maybe this is something useful also in indicators like yours here.

i have no problems if you use the DOT-codingtrick outside of elite, but the wavelets itself should stay in there.


BTW : Great Thread & Topic here !

thanks max-td. i use that method as well. In this case I used the drawobjects because it was easy and quicker than setting up a plot, 1 line of code versus a declaration, an initialization, a property, and then the several lines of code to actually plot the different colors. LOL. I was lazy. I was providing a proof of concept that I wanted feedback on to make sure I was doing it correctly and really didn't care about the aesthetics. I answered the dot question last night without really providing any background or plans for the future. However, read my next post and maybe I'll give some insight as to what the future is for that indicator.

BTW, max-td, seen you around for a long time in various forums and have always appreciated your participation. Thank you.

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ESFXtrader
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There are several approaches when trading BBs. You can have a market when touched or a limit at the BBs to exit a trade or enter a reversal or double the number of contracts and do both. If the market is in a strong trend with a BB, wait for pullback to set the entry or exit at a BB. I have shown several reversals like that.
If you wait for the bar to close, it is to late to trade off the BBs.
WK

 
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  #144 (permalink)
 MWinfrey 
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Hi everyone.

Thought I'd give you an update on the future of the ESFXtrader_CCIBarCounter. Now that I feel comfortable that I am counting the bars correctly, I am going to start on prettying up the indicator a bit and make it customizable. The features I intend to add are as follows.

1. All colors will be selectable as well as anything else that needs to be customized will be allowed as much as possible.
2. Include the CCI in the indicator with 3 different colored bars. A color for those that break the +/- 45, one up color and one down color, and another one for those bars that close between the 45s.

Before I sat down to write this it seemed that I had more in mind for this little fella but for the life of me, I am unable to remember what they are. So, instead of wracking my brain trying to remember, I'm going to close this out and get started writing and hope it all comes back to me. However, if anyone has any ideas send them along and I'll see what I can do.

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ESFXtrader
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At 10:30AM there was the 45 CCI bar for re-entry. Although I show the countback bars, there is a strong trend down and we would not exit, as I described earlier, until the move was over. You may miss part of a move at times, if you choose to take profits using the countback method and there is no re-entry. The more you see trades like this, the more you will hold some of your contracts through them till the end, for big winners. Experience in live markets will help.
WK

 
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 trendisyourfriend 
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ESFXtrader View Post
The purpose of this post is to show those who have not seen this: An IWM 5 min chart on top with an IWM 10 min chart on bottom. The upper chart has a 62EMA and the lower chart has a 31EMA. Here, it is easy to see that the MAs represent the exact price points at any given time. Therefore, one can use both the 31EMA and 62EMA on the shorter time frame and quickly get the support/resistance of both charts, as well as other additional aspects it may offer. One might see how a trader could take advantage of this and use other charts for other instruments. Therefore, once one gets used to the look, it does not look overly busy. By the way, you can do the same thing with MACD cross. By doubling the values of MACD., you get a similar result on a single chart on the same sub-graft. Note the only difference in the upper and lower MACDs is the 3rd value (MACD length), where the upper is 18 and the lower is 9 (default).
WK

That's an excellent idea as it shows once again that simpler is oftentimes better. A trendline as a meeting place ;-) is often all that we need with price of course.

 
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 MWinfrey 
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emini_Holy_Grail View Post
Mike
Posting another 6E - 3range chart, today's chart
It is missing a Green dot at 13.45 as you can see, it crossed +45. would appreciate if you can verify.
time 13.45 is cst

if you notice, there was already a counting of the bars going on from the previous cross of the +45. So, there is no dot there. it only prints dots when there is no counting currently going on.

 
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  #148 (permalink)
 sleepy 
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Mike,

Will you be adding an audio alert for the +45/-45 cross to your new version of _CCiBarCounter. If not ... no big deal.

sleepy

 
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  #149 (permalink)
 MWinfrey 
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This version allows you to:
1. change the colors for up, down, and neutral.
2. change the period of the CCI

Includes:
1. Plots the CCI so you don't need to plot it separately
2. Paints the bars with 3 colors depending on their relationship to the +/- 45
3. Plots the +/- 45 lines
4. Plots a dot for the +/- 45 cross that starts the counting of the CCI bars
5. Displays a count of the bars to 5
6. Plots a dashed line from the first cross of the +/- 45 line and continues until the #5 bar
5. There are 2 options for numbering the bars
a. "ResetNumbering = true" means the counting continues until #5 bar is encountered regardless when it occurs. This implies that you could have numbering occuring above the +45 AND below the -45 at the same time. This option is what ESFXtrader described in this thread which means that if you take one of the crosses of the 45 as an entry, the exit will be when this condition is fulfilled which means it could be when a #5 bar is encountered OR when the CCI crosses the opposite 45. You will see a dashed line between the 45 crossover to either the #5 bar or the crossover of the opposite 45, whichever occurs first.
b. "ResetNumbering = false" means the numbering starts over when EITHER the 5th bar is found OR if CCI crosses the opposite 45. So, you will ONLY have EITHER number above the +45 OR below the -45, but NOT both. This option accounts for the potential of holding a trade until bar #5 is encountered. Supporting this option, you will see a dashed line between the 45 crossover bar to the bar where both the #5 bar and crossover of the opposite 45 have occured.


This indicator supports CalculateOnBarClose = false. The default is set to true. At least I hope it does. It seems to be working correctly for COBC = false. I guess we'll find out.

I'll be honest with you guys...since I moved to nt7 I really don't have as much interest supporting nt6.5 However, I converted this indicator to nt6.5 but don't know how much motivation I'll have in spending time with it beyond what I've already done. I just hope it works right and it won't be necessary to make any modifications. One can only hope.

Attached Files
Register to download File Type: zip ESFXTrader_CCIBarCounter_v3_nt7.zip (5.2 KB, 292 views)
Register to download File Type: zip ESFXtrader_CCIBarCounter_v3_nt65.zip (5.0 KB, 56 views)
 
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  #150 (permalink)
 ctbaran 
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ESFXtrader View Post
There are several approaches when trading BBs. You can have a market when touched or a limit at the BBs to exit a trade or enter a reversal or double the number of contracts and do both. If the market is in a strong trend with a BB, wait for pullback to set the entry or exit at a BB. I have shown several reversals like that.
If you wait for the bar to close, it is to late to trade off the BBs.
WK


WK,
You've touched on this but can you expand on how you determine that a BB entry trumps your CCI rules?? and how you would manage it?

Thanks for your all of your efforts on this thread.

CB

 
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 emini_Holy_Grail 
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Great job Mike.
The new one looks great and gives good detail for entry and exit

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ESFXtrader
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"WK,
You've touched on this but can you expand on how you determine that a BB entry trumps your CCI rules?? and how you would manage it?

Thanks for your all of your efforts on this thread."
CB

It is important to remember that the BB setups usually offer the best entry and exits, but one cannot always count on the price to move from one outer BB to the other, even though, in a non-trending market, it frequently does. Once in a trade, no matter what the entry, always look to get the best exit, which is usually the opposite outer BB. But you already know the other exits, if the BB exit doesnot happen. Also, remember to ride the BBs when in a trade and reverse on pullback and then a subsequent move back to the outer BB. This not only gives the best exit and reversal entry, it also is usually a safe trade and with a 10 tick stop, you will seldom concern yourself with that. Look at all the charts you can and it will become evident to you just what I am saying. That 10 tick stop does not apply to CL or the more volital futures. It works well on TF (usualy) & ES. It may also work well on NQ, although I have not been trading it. Check and see what is required on whatever you trade.
Look again at the attached charts as examples.
Good trading and good night.
WK

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  #153 (permalink)
 monpere 
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MWinfrey View Post
This version allows you to:
1. change the colors for up, down, and neutral.
2. change the period of the CCI

Includes:
1. Plots the CCI so you don't need to plot it separately
2. Paints the bars with 3 colors depending on their relationship to the +/- 45
3. Plots the +/- 45 lines
4. Plots a dot for the +/- 45 cross that starts the counting of the CCI bars
5. Displays a count of the bars to 5
6. Plots a dashed line from the first cross of the +/- 45 line and continues until the #5 bar
5. There are 2 options for numbering the bars
a. "ResetNumbering = true" means the counting continues until #5 bar is encountered regardless when it occurs. This implies that you could have numbering occuring above the +45 AND below the -45 at the same time. This option is what ESFXtrader described in this thread which means that if you take one of the crosses of the 45 as an entry, the exit will be when this condition is fulfilled which means it could be when a #5 bar is encountered OR when the CCI crosses the opposite 45. You will see a dashed line between the 45 crossover to either the #5 bar or the crossover of the opposite 45, whichever occurs first.
b. "ResetNumbering = false" means the numbering starts over when EITHER the 5th bar is found OR if CCI crosses the opposite 45. So, you will ONLY have EITHER number above the +45 OR below the -45, but NOT both. This option accounts for the potential of holding a trade until bar #5 is encountered. Supporting this option, you will see a dashed line between the 45 crossover bar to the bar where both the #5 bar and crossover of the opposite 45 have occured.


This indicator supports CalculateOnBarClose = false. The default is set to true. At least I hope it does. It seems to be working correctly for COBC = false. I guess we'll find out.

I'll be honest with you guys...since I moved to nt7 I really don't have as much interest supporting nt6.5 However, I converted this indicator to nt6.5 but don't know how much motivation I'll have in spending time with it beyond what I've already done. I just hope it works right and it won't be necessary to make any modifications. One can only hope.

I can't change the color of the dots, or the background of the numbers.

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  #154 (permalink)
 ThatManFromTexas 
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MWinfrey View Post
This version allows you to:
1. change the colors for up, down, and neutral.
2. change the period of the CCI

Includes:
1. Plots the CCI so you don't need to plot it separately
2. Paints the bars with 3 colors depending on their relationship to the +/- 45
3. Plots the +/- 45 lines
4. Plots a dot for the +/- 45 cross that starts the counting of the CCI bars
5. Displays a count of the bars to 5
6. Plots a dashed line from the first cross of the +/- 45 line and continues until the #5 bar
5. There are 2 options for numbering the bars
a. "ResetNumbering = true" means the counting continues until #5 bar is encountered regardless when it occurs. This implies that you could have numbering occuring above the +45 AND below the -45 at the same time. This option is what ESFXtrader described in this thread which means that if you take one of the crosses of the 45 as an entry, the exit will be when this condition is fulfilled which means it could be when a #5 bar is encountered OR when the CCI crosses the opposite 45. You will see a dashed line between the 45 crossover to either the #5 bar or the crossover of the opposite 45, whichever occurs first.
b. "ResetNumbering = false" means the numbering starts over when EITHER the 5th bar is found OR if CCI crosses the opposite 45. So, you will ONLY have EITHER number above the +45 OR below the -45, but NOT both. This option accounts for the potential of holding a trade until bar #5 is encountered. Supporting this option, you will see a dashed line between the 45 crossover bar to the bar where both the #5 bar and crossover of the opposite 45 have occured.


This indicator supports CalculateOnBarClose = false. The default is set to true. At least I hope it does. It seems to be working correctly for COBC = false. I guess we'll find out.

I'll be honest with you guys...since I moved to nt7 I really don't have as much interest supporting nt6.5 However, I converted this indicator to nt6.5 but don't know how much motivation I'll have in spending time with it beyond what I've already done. I just hope it works right and it won't be necessary to make any modifications. One can only hope.

Mike, I don't use your indicator to trade but I have to compliment your coding. I really like the look and organization of the indicator on the chart.

Impressive job.

Regards,
TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #155 (permalink)
 emini_Holy_Grail 
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Monpere - what are those MAs in the chart?

 
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  #156 (permalink)
 emini_Holy_Grail 
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Monpere - what are those MAs in the chart?

sorry for double posting, as was nt sure if hit submit earlier

 
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  #157 (permalink)
 monpere 
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emini_Holy_Grail View Post
Monpere - what are those MAs in the chart?

20 EMA, 50 EMA, 200 EMA

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 MWinfrey 
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monpere View Post
I can't change the color of the dots, or the background of the numbers.

the dots, bars, and dashed lines are the same color. You don't have the ability to color each one differently.

no capability to change the number color or the background the numbers are on.

 
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  #159 (permalink)
 trendisyourfriend 
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MWinfrey, nice job on your indicator. I was wondering would it be possible to reset the counter (1..5) when it reaches 5 and start a new sequence (1..5) when the histogram bar closes above/below the threshold +45/-45 and the same histogram bar is greater than the preceeding histogram bar in an uptrend and vice versa in a downtrend ? The idea would be to process multiple entries for an extended directional move or a strong move that offers multiple entries.

 
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 monpere 
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MWinfrey View Post
the dots, bars, and dashed lines are the same color. You don't have the ability to color each one differently.

no capability to change the number color or the background the numbers are on.

The DrawText() of the numbering, sets the background to black, that assumes everyone is using a chart with black background. The numbering is illegible on charts of any other background color then black. You can change that by making the background transparent/empty. I guess the dot coloring can't be change if you are using a plot rather then DrawDot(). Thanks for all the great and free work on these indicators.

 
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 lolu 
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monpere View Post
I can't change the color of the dots, or the background of the numbers.

What ChartTrader do you have on your chart ?

Lolu


Visit my futures io Trade Journal
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  #162 (permalink)
 monpere 
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lolu View Post
What ChartTrader do you have on your chart ?

Lolu

This is an indicator I wrote because NT does not give you the ability to put user buttons on the chart. I needed various ways to enter, and manage trades. When I trade ETF's I use fixed risk R-Multiples share sizing, for instance I want to draw a horizontal line on the chart below a resistance level where I want my stop to be placed, then when I hit the buy button, the indicator will use the difference between the price I am entering and where the stop line is, and calculate the amount of shares I need, in order to keep my risk fixed, and also automatically place my stop at the line drawn. So, if I want all my trades to risk only $100, I would need 1000 shares if my stop will be 10 ticks away, but 500 shares if my stop is 20 ticks away. Both trades are only risking $100 by using different share sizing. I also use it for things like, setting price alerts when price crosses a line I draw on the chart, enter at the close of bars, automatically choose the proper ATM based on the chart period I am trading, move my stop or target in R-Multiple increments, Initiate automatic bar trailing on demand, and various features I use.

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 lolu 
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monpere View Post
This is an indicator I wrote because NT does not give you the ability to put buttons on the chart, to enable the various ways I enter, and manage trades. When I trade ETF's I use fixed risk R-Multiples share sizing, and for instance I want to draw a horizontal line on the chart below a resistance point where I want my stop to be places, then when I hit the buy button, the indicator will use the difference between the price I am entering and where the stop line is, and calculate the amount of shares I need, in order to keep my risk fixed. So, if I want all my trades to risk only $100, I need 1000 shares if my stop will be 10 ticks away, but 500 shares if my stop is 20 ticks away. Both trades are only risking $100. I also use it to set price alerts when price crosses a line drawn on the chart, enter at the close of bar, and various features I use.

Is this indicator available for download on futures.io (formerly BMT); or can you share/post it ? I've always disliked NT ChartTrader.

Lolu

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  #164 (permalink)
 AR01 
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Thanks for this thread. I always appreciate reading other views on trading.

Is it me or is the cross of the zero line of the CCI about when price closes above / below the SMA of the value of the indicator? So if the setting of CCI is 14 then put a SMA 14 on your chart. The CCI cross of zero seems to be when the price closes above / below the SMA.

I have two examples attached:
-CCI 14, SMA 14, 5 minute
-CCI 30, SMA 30, daily

Interesting.

Andrew

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  #165 (permalink)
 ThatManFromTexas 
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monpere View Post
This is an indicator I wrote because NT does not give you the ability to put user buttons on the chart. I needed various ways to enter, and manage trades. When I trade ETF's I use fixed risk R-Multiples share sizing, for instance I want to draw a horizontal line on the chart below a resistance level where I want my stop to be placed, then when I hit the buy button, the indicator will use the difference between the price I am entering and where the stop line is, and calculate the amount of shares I need, in order to keep my risk fixed, and also automatically place my stop at the line drawn. So, if I want all my trades to risk only $100, I would need 1000 shares if my stop will be 10 ticks away, but 500 shares if my stop is 20 ticks away. Both trades are only risking $100 by using different share sizing. I also use it for things like, setting price alerts when price crosses a line I draw on the chart, enter at the close of bars, automatically choose the proper ATM based on the chart period I am trading, move my stop or target in R-Multiple increments, Initiate automatic bar trailing on demand, and various features I use.

You have missed your calling in life. That is impressive coding.


AR01 View Post
Thanks for this thread. I always appreciate reading other views on trading.

Is it me or is the cross of the zero line of the CCI about when price closes above / below the SMA of the value of the indicator? So if the setting of CCI is 14 then put a SMA 14 on your chart. The CCI cross of zero seems to be when the price closes above / below the SMA.

I have two examples attached:
-CCI 14, SMA 14, 5 minute
-CCI 30, SMA 30, daily

Interesting.

Andrew

The CCI :

Price -SMA(Price, CCI Length) / .015*(Price-SMA(Price, CCI Length) )

Price:

Typical= H+L+C/3
Weighted= H+L+C+C/4
Close= C

The Classical CCI uses the Typical price. I prefer weighted , but that is a personal choice. Using Close makes it rather choppy.

All the CCI is doing is measuring the distance between a price and its SMA then dividing that distance by , itself multiplied by a factor of .015. This "Normalizes" the CCI (keeps it between a standard set of values) . That is why it ranges from +200's to -200's normally. The reason Donald Lambert chose .015 was to force 85% of the values between 100 and -100. If Price overcomes the 15% barrier it usually shows strong momentum.

So yes there is a similarity between the movement of a moving average and the CCI of the same length. However, they are not always the same due to the .015 factor.

The CCI makes it easier to see whats going on. You can get the same information by looking at the moving average and the price bars, or just the price bars for that matter. But I get sensory overload trying the latter method.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #166 (permalink)
 MWinfrey 
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trendisyourfriend View Post
MWinfrey, nice job on your indicator. I was wondering would it be possible to reset the counter (1..5) when it reaches 5 and start a new sequence (1..5) when the histogram bar closes above/below the threshold +45/-45 and the same histogram bar is greater than the preceeding histogram bar in an uptrend and vice versa in a downtrend ? The idea would be to process multiple entries for an extended directional move or a strong move that offers multiple entries.

Just so I make sure I understand correctly, would you detail a scenario of what you're talking about.

 
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  #167 (permalink)
 MWinfrey 
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monpere View Post
The DrawText() of the numbering, sets the background to black, that assumes everyone is using a chart with black background. The numbering is illegible on charts of any other background color then black. You can change that by making the background transparent/empty. I guess the dot coloring can't be change if you are using a plot rather then DrawDot(). Thanks for all the great and free work on these indicators.

actually I didn't assume anything. I was trying to write it so it would be visible on any color chart background. White letters on a black background or black letters on a white background accomplish that. At least that was my logic behind it.

I'll rewrite so users can choose whatever color they want.

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  #168 (permalink)
 MWinfrey 
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New version for NT7 only. Added ability to customize the dot color separate from the histogram, text color, text background color.

I won't be making these changes to the nt6.5 version.

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  #169 (permalink)
iagainsti
Palmdale, Ca
 
 
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As a newbie here, I just wanted to see if I'm the only one who is confused by this method.

At one point we're told to look at a 377 tick chart for the TF, then a few posts later, it's a 5 minute chart at, 1 am?

At any rate, I have no doubt that the OP uses this successfully, but my rational brain need to codify things a bit more.

So, we go long on CCI+45 and short if CCI-45?
Exit based on the 5 bar countback

OR

Two candles in opposite direction of trade

OR

Outside BB touch

Either of the above can possibly be reversal entries. They can also be stand alone entries?

Not clear on stop loss for any of these. One point?

 
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  #170 (permalink)
 emini_Holy_Grail 
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TMFT

On CCI 45/-45 entries, how do you filter trades. look at trend based on EMA, like 89 EMA or 50 or 200

or just lOok at higher CCI, like CCI 100?

 
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  #171 (permalink)
ESFXtrader
West Coast of Florida
 
 
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Today, 11:46 AM #169 ( permalink) iagainsti
iagainsti,

It's as though you only caught some of the posts within this thread. Go back and see the posts on BBs to help understand when they would likely be taken as the priority setup for entry. Often, the consecutive price bar gets you in early in a reversal trade and is comfirmed by either the CCI countback or the 1st CCI bar >-45 or 45.
The comfirmation can be on the same bar or the next bar. You decide which entry is best for you to trade.
Although there may be several possible entries, each which can be winners, the best entry allows one to move the stop to better than breakeven quicker, which will also help prevent a loss. You should have very few losses once you see and understand all the entries I have notated in my posts.
As far as the 5 min chart, that is for those who do not use the tick chart or is another proven example that one can trade and shows the system's versitility. I explained my preference is the 377 tick.
I hope this helps you understand that you can make this your system, if you choose, and you can tweek it to suit your trading.

WK

 
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  #172 (permalink)
iagainsti
Palmdale, Ca
 
 
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Thank you, WK, for taking the time to answer my questions. Although I have looked over all of the posts, it will likely take some time to get my head around it all.

Do you use any stop loss for your trades in the event of an immediate reversal?

Should you have the time, I would love to see the proper exits and entries for today. I was unable to compare your other charts as my trading platform (ORC trader) doesn't provide tick chart data back more than a few days.


Thanks again!

 
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  #173 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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iagainsti View Post
As a newbie here, I just wanted to see if I'm the only one who is confused by this method.

At one point we're told to look at a 377 tick chart for the TF, then a few posts later, it's a 5 minute chart at, 1 am?

At any rate, I have no doubt that the OP uses this successfully, but my rational brain need to codify things a bit more.

So, we go long on CCI+45 and short if CCI-45?
Exit based on the 5 bar countback

OR

Two candles in opposite direction of trade

OR

Outside BB touch

Either of the above can possibly be reversal entries. They can also be stand alone entries?

Not clear on stop loss for any of these. One point?

It might help not trying to absorb all of it at once. I tell new traders to only concentrate on the trades that are with the trend. When they get that part down, they can start learning when to trade counter trend . I personally don't take counter trend trades. It's up to each traders trading style.


emini_Holy_Grail View Post
TMFT

On CCI 45/-45 entries, how do you filter trades. look at trend based on EMA, like 89 EMA or 50 or 200

or just lOok at higher CCI, like CCI 100?

I don't use the CCI 45/-45 system , so I can't help you with that one. I'm sure ESFXtrader can give you insights on how his system works.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #174 (permalink)
 fluxsmith 
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ThatManFromTexas View Post
I try to keep things simple ... like me .

This is my condensed version of ESFXtrader's system;

If the fast ema > the slow ema and Zscore >1 (Blue BackGround) and Close[0] crosses above the fast ema, go long. If Close[0] Crosses below the fast ema and/or Zscore crosses below 1, exit long position.

If the fast ema < the slow ema and Zscore <-1 (Pink BackGround) and Close[0] crosses below the fast ema, go short. If Close[0] Crosses above the fast ema and/or Zscore crosses above -1, exit short position.

Good evening. What instrument and chart type have you had success with this method on? I threw together something with strategy wizard (attached) and could not back-test a profit so far. Thanks for any more info...

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  #175 (permalink)
ESFXtrader
West Coast of Florida
 
 
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Today, 11:46 AM #172 ( permalink) iagainsti
iagainsti,
Do you use any stop loss for your trades in the event of an immediate reversal?
He who does not use any stop may not live to trade again. I most often prefer a 10 tick stop for ES & TF, but that increases when the volitility is high.

AND

entry on CCI bar >-45 or 45 with BB
ESFX
can you help on something here,

beside 5 count and CCI bar >-45 or 45. How do use BB to entry or filter trades/
also is 5 count just for exit and NOT re entry?

I did go thru posts, but still not clear. appreciate your response

The multiple entries offer many opportunities for those who might have missed the best entry. I prefer to always take the best known entry at any given price action. Obviously, we can't see the future action, but most of the trades are pretty easy to catch early on and are confirmed by another indicator &/or divergence. The chart on TF of today should help you understand what I am looking to trade. Remember that outer BB usually offers the best entry, but when it rides the outer BB, there is no entry until a retracement and continue back to it. Many of the best trades will never make it to the outer BB and reverse the trend and that is why the other entries are so important to the system. Each entry described will show up each day on several occasions. The more you get comfortable with what I have notated, the more quickly the trades will jump off the charts for you.
I use the 5 countback for both entries and exits. I must not have made it clear.

Check the action for today and see if you would have taken these trades:
@8:35-L@780.6 & C @782.7 @9:33-S@781.1 & C @778.9
@9:34-L@778.8 & C @783.6 @9:48-S@783.3 & C @777.7 (candlestick) or 776.0 @ Divergence reversal
@9:59-L@776.0 & C @781.0 @10:14-S@781.0&C @780.7 or a Max of 777.8
@10:24-L@780.7&C @782.7 @10:33-S@783.5&C @779.8
Total # of ticks counting the lower net total shown above is 257 ticks. If you got only 80% of the lower total,
you still made 205 ticks in 8 trades. That gets you out of the market by 11AM.
Maybe that gives you some idea of how well this system can work.

WK

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  #176 (permalink)
 Big Mike 
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  #177 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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fluxsmith View Post
Good evening. What instrument and chart type have you had success with this method on? I threw together something with strategy wizard (attached) and could not back-test a profit so far. Thanks for any more info...

I have NEVER found a correlation between back testing and actual results, with either Trade Station or Ninja Trader. I record all the trades manually in Excel. Attached is a spread sheet for TF for Dec 2010. You should be able to match up the trades in Excel with Ninja Trader charts for TF 12-2010 for first 15 days and TF 3-2011 for the rest of the month.

In the attached Excel book are two sheets, Unfiltered and filtered using Ema's 5,13 .

You can PM me with other questions.

Please try and keep the discussion in this thread focused on ESFXtraders system so the Mods don't boot my carcass out of here.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #178 (permalink)
 kees 
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Thanks for the exelent indicator, can you put some sound on the dots?
thanks

 
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  #179 (permalink)
 monpere 
Bala, PA, USA
 
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ESFXtrader View Post
Today, 11:46 AM #169 ( permalink) iagainsti
iagainsti,

It's as though you only caught some of the posts within this thread. Go back and see the posts on BBs to help understand when they would likely be taken as the priority setup for entry. Often, the consecutive price bar gets you in early in a reversal trade and is comfirmed by either the CCI countback or the 1st CCI bar >-45 or 45.
The comfirmation can be on the same bar or the next bar. You decide which entry is best for you to trade.
Although there may be several possible entries, each which can be winners, the best entry allows one to move the stop to better than breakeven quicker, which will also help prevent a loss. You should have very few losses once you see and understand all the entries I have notated in my posts.
As far as the 5 min chart, that is for those who do not use the tick chart or is another proven example that one can trade and shows the system's versitility. I explained my preference is the 377 tick.
I hope this helps you understand that you can make this your system, if you choose, and you can tweek it to suit your trading.

WK

You should add a 'quick summary post' (post #2) on the thread and specify there all the rules of the system in bulletted form, and any associated customized indicators, then you just update that post with answers to commonly asked or repeatedly asked questions. If is difficult for people to understand the entire system when they have to pick up some of the rules bit by bit and by various 'clues', over many different posts over many pages of posts. Otherwise, you will keep getting the same questions over and over again from everyone who first discovers the thread, and it will get worst, as the thread grows. until it will totally get on your nerves I myself don't fully understand all the rules, but I don't want to read 200 posts 3 times to make sure I pick up everything. I prefer to wait for the new thread readers to ask the questions I have and read the answers, cause I know they will ask them

 
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  #180 (permalink)
 trendisyourfriend 
Market Wizard
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monpere View Post
...I prefer to wait for the new thread readers to ask the questions I have and read the answers, cause I know they will ask them

We can see how strategic you are. A strategic thinker can quickly recognize the chaos they have to navigate. Sometimes the best move is to not move and wait. Good observation monpere.

 
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  #181 (permalink)
 MWinfrey 
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fluxsmith View Post
Good evening. What instrument and chart type have you had success with this method on? I threw together something with strategy wizard (attached) and could not back-test a profit so far. Thanks for any more info...


The problem as I see it as with every backtest I've run is that I can't seem to identify and codify the variability in the method. I coded a strategy as well for this basic method but did not include bollinger and all the other stuff just to see how well I could capture the 5 bar counting. That worked out pretty well but it isn't by any means ESFXtraders system. I need to study his method a bit more to see if I can capture his other rules. Good thing is, this kind of project keeps my brain occupied while waiting for the next setup which comes but infrequently.

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  #182 (permalink)
 monpere 
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MWinfrey View Post
New version for NT7 only. Added ability to customize the dot color separate from the histogram, text color, text background color.

I won't be making these changes to the nt6.5 version.

I still can't get the text background to transparent, and the dots to change color. Here's how I am setting the parameters.

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  #183 (permalink)
iagainsti
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ThatManFromTexas View Post
I have NEVER found a correlation between back testing and actual results, with either Trade Station or Ninja Trader. I record all the trades manually in Excel. Attached is a spread sheet for TF for Dec 2010. You should be able to match up the trades in Excel with Ninja Trader charts for TF 12-2010 for first 15 days and TF 3-2011 for the rest of the month.

In the attached Excel book are two sheets, Unfiltered and filtered using Ema's 5,13 .

You can PM me with other questions.

Please try and keep the discussion in this thread focused on ESFXtraders system so the Mods don't boot my carcass out of here.


Maybe you could pm me with the details of this analysis, since I am not yet able to pm you...

Just wondering what the specifics are, what's a z score, etc.

Anything that makes trading easier, I'm all for...


Thanks

 
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  #184 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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MWinfrey View Post
The problem as I see it as with every backtest I've run is that I can't seem to identify and codify the variability in the method. I coded a strategy as well for this basic method but did not include bollinger and all the other stuff just to see how well I could capture the 5 bar counting. That worked out pretty well but it isn't by any means ESFXtraders system. I need to study his method a bit more to see if I can capture his other rules. Good thing is, this kind of project keeps my brain occupied while waiting for the next setup which comes but infrequently.

The problem with automated backtesting:

If you trade CL, during the Barrel counter report the market will zoom so fast and erratic that you would stand aside and not trade until the market returned to "Normal".

Quantify "Normal".


On choppy days you look at the screen and realize it's "too choppy" to trade. You wait for the market to "stabilize".

Quantify "too choppy" and stabilize".


There are the days with scheduled news events. Does the code account for the FOMC meetings announcements? Jobs Reports,etc?

Then there are the days with unscheduled events.


If your backtest includes the "FlashCrash" date and your system took the crash and the rebound trades, it would appear unbelievably profitable. However it was almost impossible to get a trade in during that period.




iagainsti View Post
Maybe you could pm me with the details of this analysis, since I am not yet able to pm you...

Just wondering what the specifics are, what's a z score, etc.

Anything that makes trading easier, I'm all for...


Thanks

Zscore for all practical purposes is the CCI only the calculation uses standard deviation instead of the mean. I should have just shown the results with the CCI and not confused things, my bad.

What I was describing was ESFXtrader's system without the Bollinger counter trend trades. I don't take counter trend trades. But that's a personal decision.


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #185 (permalink)
 MWinfrey 
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monpere View Post
I still can't get the text background to transparent, and the dots to change color. Here's how I am setting the parameters.

Interesting...I can change the color of the background but can't make it transparent. Each time I select transparent it turns the text background color white. That happens even when I hardcode Color.Transparent. However, transparent works with the other parameters. That's weird. Not sure what I can do about that.

I'll post another version that doesn't have the text background.

 
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  #186 (permalink)
 MWinfrey 
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This one is the same as version 4 except that it does not have a text background.

Again...nt7 only.

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  #187 (permalink)
 Rajob 
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my first post.
and I am already asking for something... I see you use tradestation. Would you be able to supply the setup for TS in a file too?
thanks,
Rajob

 
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  #188 (permalink)
 jdella 
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MWinfrey View Post
This one is the same as version 4 except that it does not have a text background.

Again...nt7 only.

Mike, you are fast at coding stuff, really nice work. Just out of curiosity is it possible to add a paint bar to the +45/-45 CCI, would be cool if the visual was right there on the bars themselves, with even the ability to be able to have the numbering on the price bars, perhaps a turn on/off feature if that's possible. Anyway just a thought, I'm not sure how difficult that all is. I certainly appreciate your hard work.

Jeff

 
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  #189 (permalink)
 monpere 
Bala, PA, USA
 
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Is anyone other than the author trading this method successfully? If so, do you mind showing your charts with all entries for today, or any chart in the past few recent days?

 
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 jdella 
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monpere View Post
Is anyone other than the author trading this method successfully? If so, do you mind showing your charts with all entries for today, or any chart in the past few recent days?

I have yet to trade it, but trying to put something together that trades with the trend to see how viable this can be. Here are a couple of screenshots of todays action in 6e with a 4 range no gap bar. along with described indy's. Open for any suggestions as well.

Jeff

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 MWinfrey 
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jdella View Post
Mike, you are fast at coding stuff, really nice work. Just out of curiosity is it possible to add a paint bar to the +45/-45 CCI, would be cool if the visual was right there on the bars themselves, with even the ability to be able to have the numbering on the price bars, perhaps a turn on/off feature if that's possible. Anyway just a thought, I'm not sure how difficult that all is. I certainly appreciate your hard work.

Jeff

Not sure I understand. Everything you asked for is already there. the bars are painted 3 different colors depending on their relationship to the +/- 45 along with a dot on the first bar that crosses. the numbers are displayed on the 200 lines. all the colors are customizable. So, not sure what you're asking for that isn't already there.

 
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 gulabv 
Dallas, TX
 
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I think he is asking for the price bars on panel 1 to be colored according to the CCI value as opposed to the CCI histogram bars being painted

 
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 MWinfrey 
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gulabv View Post
I think he is asking for the price bars on panel 1 to be colored according to the CCI value as opposed to the CCI histogram bars being painted

so, if i understand correctly, the +45 line will be green when the histogram is above and gray or some other neutral color when the histogram is below. opposite for the -45 line?

 
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 MWinfrey 
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by the way...i noticed today that COBC=false isn't working correctly with the ESRXtrader_CCI_Barcounter indicator. the numbers are updating correctly. so, i suggest using COBC=true until i get that fixed.

 
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 gulabv 
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Probably best for jdella to respond to his request but my understanding is it has nothing to do with colors on your CCI indicator on panel 2. His request is to color the price bars on panel 1 so that all price bars on panel 1 are a certain color when the CCI > 45 and a different color when CCI < 45 (paint bar study).

 
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 jdella 
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gulabv View Post
Probably best for jdella to respond to his request but my understanding is it has nothing to do with colors on your CCI indicator on panel 2. His request is to color the price bars on panel 1 so that all price bars on panel 1 are a certain color when the CCI > 45 and a different color when CCI < 45 (paint bar study).

Yes that's exactly it, the price bars themselves having the ability to paint either green for +45 and red for -45 and a neutral color for when in between, all in panel 1in addition to the CCI still being shown in panel 2 exactly as it is now. Sorry i wasn't more clear on that. Thanks a bunch.

 
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 MWinfrey 
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Good grief am I slow or what. Maybe I should adjourn for the evening. I've done similar things in the last couple hours.

 
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 lolu 
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monpere View Post
Is anyone other than the author trading this method successfully? If so, do you mind showing your charts with all entries for today, or any chart in the past few recent days?

I extensively used it today (in addition to some other tools). Have a look at my last trade of the day on Crude Oil here in my Dairy. The ESFX indicator numbers don't seem to be counting as I expect in some instances.

Lolu

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 MWinfrey 
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lolu View Post
I extensively used it today (in addition to some other tools). Have a look at my last trade of the day on Crude Oil here in my Dairy. The ESFX indicator numbers don't seem to be counting as I expect in some instances.

Lolu

I posted earlier that COBC=false isn't working correctly.

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 monpere 
Bala, PA, USA
 
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lolu View Post
I extensively used it today (in addition to some other tools). Have a look at my last trade of the day on Crude Oil here in my Dairy. The ESFX indicator numbers don't seem to be counting as I expect in some instances.

Lolu

Did you take more then one trade with it today? Why did you choose that specific trade? There seems to be many other valid entries on that chart.


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