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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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  #201 (permalink)
 lolu 
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monpere View Post
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.

Yes, I did. I was off my trading desk @ those better valid entries.

Lolu

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  #202 (permalink)
 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

Now that I truly took the time to read and understand this with the help of everyone else, I understand. However, I'm curious if you just want to paint just the bar where the cross occurs or paint every bar that is above the +45 one color, every bar that is below the -45 another color, and every bar that is between another color. I personally don't like to paint the bars which is why none of my indicators do that. However, I can add it as an option.

Can't reliably put the numbers on price as well as the cci panel. Would need to rewrite the indicator to work on price only.

 
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  #203 (permalink)
 cory 
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MWinfrey View Post
...
Can't reliably put the numbers on price as well as the cci panel. Would need to rewrite the indicator to work on price only.

eDanny did it, check out #1342

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  #204 (permalink)
 jdella 
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MWinfrey View Post
Now that I truly took the time to read and understand this with the help of everyone else, I understand. However, I'm curious if you just want to paint just the bar where the cross occurs or paint every bar that is above the +45 one color, every bar that is below the -45 another color, and every bar that is between another color. I personally don't like to paint the bars which is why none of my indicators do that. However, I can add it as an option.

Can't reliably put the numbers on price as well as the cci panel. Would need to rewrite the indicator to work on price only.

Yes Mike paint every bar green that is +45 and above, paint every bar red that is -45 and below and in between paint every bar white just like the CCI is in panel 2.

Thanks,

Jeff

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  #205 (permalink)
iagainsti
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Well, great stuff on the indicators BUT

Does the OP's method, as originally presented work?

Anyone having any luck trying them out? Or codifying them in a simpler to follow way?


Just curious.

 
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  #206 (permalink)
 monpere 
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iagainsti View Post
Well, great stuff on the indicators BUT

Does the OP's method, as originally presented work?

Anyone having any luck trying them out? Or codifying them in a simpler to follow way?


Just curious.

Dude, you said it. A system is as good as the person who can understand it. I think someone who understands it should write a quick summary post with all the rules and attach all indicators etc. See Quick Summary Post #2 in Perry's trading platform thread as an example.

 
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  #207 (permalink)
 MWinfrey 
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Thanks to eDanny for helping solve the placement of text in both panels. I tried to use solutions he posted in another thread and couldn't get it fixed so I resorted to asking the master for help and he was more than willing to do so. Just another example why being a member of futures.io (formerly BMT) is a positive experience.

This version allows you to:

1. select which panel you want the numbering to appear on.
2. UsePaintBarStudy
3. Not sure about this yet, but I think COBC = false is working now. Needs more testing but will find out on Monday.

I think that's it.

Again....NT7 ONLY

eDanny saved me a lot of brain cells on this one.

Attached Files
Register to download File Type: zip ESFXtrader_CCIBarCounter_v7.zip (6.2 KB, 493 views)
 
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  #208 (permalink)
 jdella 
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MWinfrey View Post
Thanks to eDanny for helping solve the placement of text in both panels. I tried to use solutions he posted in another thread and couldn't get it fixed so I resorted to asking the master for help and he was more than willing to do so. Just another example why being a member of futures.io (formerly BMT) is a positive experience.

This version allows you to:

1. select which panel you want the numbering to appear on.
2. UsePaintBarStudy
3. Not sure about this yet, but I think COBC = false is working now. Needs more testing but will find out on Monday.

I think that's it.



Again....NT7 ONLY

eDanny saved me a lot of brain cells on this one.

Mike & Danny...super job, you guys rock

Thanks

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  #209 (permalink)
 jdella 
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jdella View Post
Mike & Danny...super job, you guys rock

Thanks

Couple of screen shots with 2 different CCI settings.

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  #210 (permalink)
 trs3042 
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jdella View Post
Couple of screen shots with 2 different CCI settings.

Hello@jdella,

That's awesome!!! Is there a template somewhere???

TIA,

Rick

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  #211 (permalink)
 jdella 
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trs3042 View Post
Hello@ jdella,

That's awesome!!! Is there a template somewhere???

TIA,

Rick

Sure here is my template.

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Register to download File Type: xml 45 CCI.xml (29.1 KB, 301 views)
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 trs3042 
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jdella View Post
Sure here is my template.



Thanks for your quick response!!!

Rick

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  #213 (permalink)
 ThatManFromTexas 
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iagainsti View Post
Well, great stuff on the indicators BUT

Does the OP's method, as originally presented work?

Anyone having any luck trying them out? Or codifying them in a simpler to follow way?


Just curious.


monpere View Post
Dude, you said it. A system is as good as the person who can understand it. I think someone who understands it should write a quick summary post with all the rules and attach all indicators etc. See Quick Summary Post #2 in Perry's trading platform thread as an example.

I don't subscribe to the OP's school of thought but I do understand it and will offer my 2 cents worth , in an attempt to address the above posts.

1. I think the OP listed all the indicators when the thread started, and various individuals since then have changed the combination's to suit their style of trading. Use what works for you isn't a bad idea.

2. This system as originally presented consisted of a trend following system (TF) coupled with a Counter Trend (CT) or Reversal System. The EMA's, CCI, and Stochastics were part of the trend following portion (TF). The Bollinger Bands and a formation of price bars made up the Counter Trend portions (CT). The confusion started over deciding when, how and if to over ride the trend and follow a Counter Trend move. The system is much easier to understand if you separate the Trend from the Counter Trend portion, get comfortable with the TF and later decide whether to add the CT portion. I personally don't take CT trades. But that's a personal decision.

3. TF entries; if all the criteria is met (Short ma's above Long ma's, Stochastics showing uptrend) and the CCI crosses above the threshold (45 according to the OP), Go Long ; else if all the criteria is met (Short ma's below Long ma's, Stochastics showing down trend) and the CCI crosses below the threshold (-45 according to the OP), Go Short.

4. TF exits; if you are Long, exit when the CCI crosses below the Threshold OR the 5 bar count gives an exit signal, if you are Short, exit when the CCI crosses above the -Threshold OR the 5 bar count gives an exit signal.

5. CT portion: The OP touched on this is the early flurry of posts including information that he looked for reversal trades when the price reached the outer Bollinger Bands and he added the MACD to the mix to look for divergences . As confusion ensued, the discussion tapered down to mainly discussing the TF and the 5 Bar Count Indicator from Mike Winfrey.

6. Nuances: The OP mentioned from time to time that in addition to the concrete information he had given, he also took into account; the position of price in relation to the Bollinger Bands, strength and direction of the market. This information was included in the decision whether to pursue continuation trades as well as whether or not to take reversal trades.

7. Profitability: The OP stated that he did not believe his system could be automated. Therefore the only way to test the theoretical profits would be reliably honest sim trading or to go through a large enough period and manually record each possible trade. Of course there is the good old "Balls of Steel Test" of trading it live and posting the actual results with the Trade Analysis report like Bluemele and IagainstI have done in their journals. I do not recall seeing this information posted by the Op or any statements from him indicating if he has actually traded his system live or not. That would be a question you may want to pose directly to the OP.

8. Stops: The Op mentioned a 10 tick stop for the TF and said more volatile instruments like CL would probably require a larger stop. He mentioned that he also uses a trailing stop and moves stops in reversal trades but did not elaborate beyond that.


jdella View Post
Yes Mike paint every bar green that is +45 and above, paint every bar red that is -45 and below and in between paint every bar white just like the CCI is in panel 2.

Thanks,

Jeff


MWinfrey View Post
Now that I truly took the time to read and understand this with the help of everyone else, I understand. However, I'm curious if you just want to paint just the bar where the cross occurs or paint every bar that is above the +45 one color, every bar that is below the -45 another color, and every bar that is between another color. I personally don't like to paint the bars which is why none of my indicators do that. However, I can add it as an option.

Can't reliably put the numbers on price as well as the cci panel. Would need to rewrite the indicator to work on price only.

Mike I understand what you mean about colored bars, I don't use them either. I have changed the BackColor for things I have done for other people. Of course if you have multiple indicators that change Back Color with Opacity, you end up with a frickin rainbow. I have at the request from others built in the BackColor change with Color Bars and Draw Arrows, Dots etc. I think it's just redundant and overloads the screen. But It sure seems to make a lot of folks happy.


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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  #214 (permalink)
 aligator 
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jdella View Post
Sure here is my template.

Can someone please in simple English and short explain the 12345 numbering for CCI:

1. How the count is done,
2. What does it tell you, and
3. How is it used to initiate entries or exits?

A simple summary of this system with the relevant files at the beginning of the thread (and updated as needed) would be helpful to clear all the confusion.

Thanks a bunch.

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 ThatManFromTexas 
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aligator View Post
Can someone please in simple English and short explain the 12345 numbering for CCI:

1. How the count is done,
2. What does it tell you, and
3. How is it used to initiate entries or exits?

A simple summary of this system with the relevant files at the beginning of the thread (and updated as needed) would be helpful to clear all the confusion.

Thanks a bunch.

I don't use this system , but I'll give it a go.

What the OP is looking for is 5 CCI bars that are stepping down for long exit or 5 CCI bars stepping up for short exit.

Long Exit: You need 5 CCI bars stepping down. In the process of this happening ,if the current CCI bar closes higher than a previous CCI bar or CCI bars ,but the current CCI bar is still lower than the highest CCI bar in the step down series, you no longer count the previous CCI bars that closed lower than the current CCI bar.

The current bar's number is now the number of , the last previous bar that closed higher than the current bar , plus 1. If the current bar closes higher than the first bar in the count series, start counting all over with the current bar now being bar number 1.

Examples:

200 (1), 199 (2) ,198 (3), 195 (4), 197 (4), 196 (5) . In this example 197 is higher than 195 but is lower than the rest of the preceding numbers in the count, so 197's bar number = previous higher bar number + 1. In this case the previous higher bar 198 was bar number 3 in the count. 197's bar number = 3+1=4, replacing 195 which had been number 4.

200 (1), 198 (2) ,197 (3), 196 (4), 199 (2), 198 (3) , 197 (4), 196 (5). In this example 199 is higher than the 3 previous numbers but is lower than the first number in the count. You would no longer count the 3 previous bars. 199's bar number = previous higher bar number + 1. In this case the previous higher bar 200 was bar number 1 in the count. 199's bar number = 1+1=2.

200 (1), 199 (2), 198 (3) , 197 (4), 201 (Start over with 1), 200 (2), 199 (3), 198 (4), 197 (5) . In this example when the bar closed at 201 , it was higher than all the previous bars in the count, restarting the count with bar number 1.

Short Exit: You need 5 CCI bars stepping up. In the process of this happening ,if the current CCI bar closes lower than a previous CCI bar or CCI bars ,but the current CCI bar is still higher than the lowest CCI bar in the step up series, you no longer count the previous CCI bars that closed higher than the current CCI bar.

The current CCI bar's number is now the number of , the last previous CCI bar that closed lower than the current CCI bar , plus 1. If the current CCI bar closes lower than the first CCI bar in the count series, start counting all over with the current CCI bar now being bar number 1.

Examples:

200 (1), 201(2), 203 (3), 202 (3), 203 (4), 204 (5) . In this example, 202 was lower than 203. You would no longer count 203. 202's bar number would be the previous lower bar number +1 (2+1=3), replacing 203 as bar number 3.

200 (1), 202(2), 203 (3), 204 (4), 201(2), 202 (3) , 204(4) , 205 (5). In this example, 201 was lower than the 3 previous bars but higher than bar number 1. You would no longer count the 3 previous bars. 201's bar number would be the previous lower bar number +1 . In this case the previous lower bar ,200 , was bar number 1 in the count . 201's bar number = 1+ 1 =2.

200 (1), 201(2), 202 (3), 203 (4), 199 (1), 200 (2), 201 (3), 202 (4) , 203 (5) . In this example, 199 was lower than all the previous lower bars in the count including 200 which was bar number one. You start counting all over again with 199 being bar number 1.

OR you could just use Mike Winfrey's really cool and headache saving indicator to count for you.

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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  #216 (permalink)
 cory 
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aligator View Post
Can someone please in simple English and short explain the 12345 numbering for CCI:

1. How the count is done,
...
Thanks a bunch.

the count shows 4 consecutive CCI slopes down or 4 consecutive CCI slopes up.

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  #217 (permalink)
 ThatManFromTexas 
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ESFXtrader View Post
When there is a higher value bar of the CCI after a lower (be it – or +), do not count the lower value bar as one of the 5 count back bars. EX: Say the following were the value of the CCI bars: 205, 188, 161, 144, 175, 140, 160, 186, 154, 141, 101.

Counting back 1st lower bar-188, because 175 is higher than the 2 previous, ignore them; 160, ignoring 140; then we have 186 causing us to ignore 161 thru 160; 154, 141, 101.


ESFXtrader View Post
EX: 277, 260, 214, 140, 299(new high bar), 280, 244, 210, 140, 155, 40


ESFXtrader View Post
Exp: 200, 195, 185, 150, 148, 160, 120, 50:



cory View Post
the count shows 4 consecutive CCI slopes down or 4 consecutive CCI slopes up.

con·sec·u·tive/kənˈsekyətiv/Adjective

1. Following continuously.
2. In unbroken or logical sequence

Close but no cigar...

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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  #218 (permalink)
 cory 
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ThatManFromTexas View Post
con·sec·u·tive/kənˈsekyətiv/Adjective

1. Following continuously.
2. In unbroken or logical sequence

Close but no cigar...

au contraire, take Exp: 200, 195, 185, 150, 148, 160, 120, 50: is a down count.
connect 146 to 160 you get an up slope that is why it is ignore. 4 consc down slopes are:
120-50
160-120
185-160
195-195

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  #219 (permalink)
 monpere 
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cory View Post
au contraire, take Exp: 200, 195, 185, 150, 148, 160, 120, 50: is a down count.
connect 146 to 160 you get an up slope that is why it is ignore. 4 consc down slopes are:
120-50
160-120
185-160
195-195

The operating word in your explanation is 'slope', as opposed to 'bars' which has been the base of explanation so far. I think the introduction of slope, makes it more confusing.

 
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 cory 
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monpere View Post
The operating word in your explanation is 'slope', as opposed to 'bars' which has been the base of explanation so far. I think the introduction of slope, makes it more confusing.

the bar count is hard to understand because some bars are not counted, but one you understand you are looking for down slopes (or not up slope to be more precise) you just simply ignore the bar that cause up slope condition.

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  #221 (permalink)
 trendisyourfriend 
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cory View Post
the bar count is hard to understand because some bars are not counted, but one you understand you are looking for down slopes (or not up slope to be more precise) you just simply ignore the bar that cause up slope condition.

Cory's count seems easier to grasp:


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 aligator 
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cory View Post
the bar count is hard to understand because some bars are not counted, but one you understand you are looking for down slopes (or not up slope to be more precise) you just simply ignore the bar that cause up slope condition.

Thanks Cory and TMFT,

The count is clear now. All it tells me (I assume) is that the momentum in your direction is weakening and you may need to exit the position. This is similar to exiting a position when CCI crosses the major support and resistant levels at 100 and -100 or zero in Woodies CCI where all the entries and exits are based on CCI patterns and levels.

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  #223 (permalink)
 ThatManFromTexas 
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cory View Post
au contraire, take Exp: 200, 195, 185, 150, 148, 160, 120, 50: is a down count.
connect 146 to 160 you get an up slope that is why it is ignore. 4 consc down slopes are:
120-50
160-120
185-160
195-195

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ...............................D...................D...................D.................D

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ............................U..................U..................U....................U

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ..............D.....D....U.....D...D.....U....D....D....U....D....D.....U

I see what you were saying, but you would still have to know how to do the bar count to know which bars to ignore.

I vote that everyone use Mike's super cool , headache preventing indicator!

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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 monpere 
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ThatManFromTexas View Post
Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ...............................D...................D...................D.................D

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ............................U..................U..................U....................U

Bar Count ......1..................2...................3....................4..................5
CCI Values 200,195,194,199,195,194,198,195,194,197,195,194,196
Slopes ..............D.....D....U.....D...D.....U....D....D....U....D....D.....U

I see what you were saying, but you would still have to know how to do the bar count to know which bars to ignore.

I vote that everyone use Mike's super cool , headache preventing indicator!

I 2nd that. Gotta love Mike. Let the indicator bashers count the bars... I suppose they wouldn't be using CCI if they were true indicator bashers

 
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  #225 (permalink)
 ThatManFromTexas 
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monpere View Post
I 2nd that. Gotta love Mike. Let the indicator bashers count the bars... I suppose they wouldn't be using CCI if they were true indicator bashers

I don't have a dog in this fight, I don't use ESFXtrader's system. I was just trying to answer the folks that asked if someone could explain how ESFXtrader said it worked.

Thanks Cory for offering a different insight. I had never thought of it in terms of slope.

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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  #226 (permalink)
 MWinfrey 
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My indicator counts the bars the way Cory explained it. It just looks back keeping track of the last 5 highest bars if above the +45 OR last 5 lowest bars if below the -45. It quits counting when it reaches 5 or the CCI goes past the opposite 45. Simple as that.

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  #227 (permalink)
 ThatManFromTexas 
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MWinfrey View Post
My indicator counts the bars the way Cory explained it. It just looks back keeping track of the last 5 highest bars if above the +45 OR last 5 lowest bars if below the -45. It quits counting when it reaches 5 or the CCI goes past the opposite 45. Simple as that.

However it does it, your indicator can save a lot of folks from a headache.

Personally... I rather count money anyway....

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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 trendisyourfriend 
Market Wizard
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Some info regarding the CCI coupled with supply/demand by the master of supply/demand himself:
Lessons from the Pros - 12/21/2010 Issue - Featured Article: Logic, Rules and Indicators

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ESFXtrader
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The following is an example of an ES short trade on the 633 tick chart using the CCI method as described.

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 ticker 
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Thanks for sharing this method with us ESFXTrader, I think it is great! I have added my own little twist by adding a second CCI as well with a higher value (79 or 100) and look for the dual confirmations of the CCI 14 break of +/- 45 as well as directional confirmation from the higher value CCI... results are looking good.

I need to become more familiar with the BB as it seems to provide you some great additional context for the trade. Thanks for sharing your ideas on futures.io (formerly BMT).

My goal is 1 net point per day on the TF.

- Ticker

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  #231 (permalink)
 emini_Holy_Grail 
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Trend is your friend,.

Lessons from the Pros - 12/21/2010 Issue - Featured Article: Logic, Rules and Indicators

This article is very interesting and thks for sharing. Entering on CCI at -1oo will be a very good pull back entry with 20 EMA in uptrend, but it also has chances of reversing and go below -100 of CCI to change 20EMA to downtrend. any comments?

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 trendisyourfriend 
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emini_Holy_Grail View Post
Trend is your friend,.

Lessons from the Pros - 12/21/2010 Issue - Featured Article: Logic, Rules and Indicators

This article is very interesting and thks for sharing. Entering on CCI at -1oo will be a very good pull back entry with 20 EMA in uptrend, but it also has chances of reversing and go below -100 of CCI to change 20EMA to downtrend. any comments?

In my opinion, using a fixed value as proposed by the author of this thread has just as much chance to reverse if not more chance. On the other hand, if you take the time to identify where zones of supply/demand are then you increase your chance. I am not a big fan of these fixed signal values like -45 or +45. In hindsight these systems are seducing but in practice i am a bit skeptical.

 
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  #233 (permalink)
 vegasfoster 
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emini_Holy_Grail View Post
Trend is your friend,.

Lessons from the Pros - 12/21/2010 Issue - Featured Article: Logic, Rules and Indicators

This article is very interesting and thks for sharing. Entering on CCI at -1oo will be a very good pull back entry with 20 EMA in uptrend, but it also has chances of reversing and go below -100 of CCI to change 20EMA to downtrend. any comments?

I read someone who called it the TLB100, where the TLB stands for Trend Line Break, he recommended that you wait for the CCI to cross the 100 line and then also for it to break the trend line on the CCI as confirmation. Attached is today's chart for CL before the close. I think the safest trades would be to add a mid period moving average (e.g. 50 sma), wait for the short period to cross the mid period or about to cross, then only take the first signals you get, minding all your other s&r on the chart itself. After that they will become risker.

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 trendisyourfriend 
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vegasfoster View Post
I read someone who called it the TLB100, where the TLB stands for Trend Line Break, he recommended that you wait for the CCI to cross the 100 line and then also for it to break the trend line on the CCI as confirmation. Attached is today's chart for CL before the close. I think the safest trades would be to add a mid period moving average (e.g. 50 sma), wait for the short period to cross the mid period or about to cross, then only take the first signals you get, minding all your other s&r on the chart itself. After that they will become risker.

That's interesting, i never thought about putting trend lines on the indicator panel itself. I prefer this idea to the fixed value.

 
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  #235 (permalink)
ESFXtrader
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ticker View Post
Thanks for sharing this method with us ESFXTrader, I think it is great! I have added my own little twist by adding a second CCI as well with a higher value (79 or 100) and look for the dual confirmations of the CCI 14 break of +/- 45 as well as directional confirmation from the higher value CCI... results are looking good.

I need to become more familiar with the BB as it seems to provide you some great additional context for the trade. Thanks for sharing your ideas on futures.io (formerly BMT).

My goal is 1 net point per day on the TF.

- Ticker

As far as the 1 Pt, you should have no trouble making 5+ Pts a week.
I have used a second CCI on my CCI indicator of 50 which does help, just as you suggested. I will show it below for your perusal. I removed it from all posts when some complained about to much on the charts. I was shown it on a webinar by a Pro. I used it on the same plane as shown. You may choose to use it in the same format as my histogram. The CCI 50, -100, 100 indicator does not affect my trading to any major degree; therefore, there was no need to display it. Some traders might like to see how this indicator works on their market. It may help in timing your exit. I also show it on a seperate plane here in the histogram.
Its a priviledge to be apart of and contributing to the futures.io (formerly BMT).
Thanks.

WK

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  #236 (permalink)
 Eric j 
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Got this pattern extractor from the NT forum . Havent done anything with it but seems to have merit and thought someone might find it useful here .

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  #237 (permalink)
 Eric j 
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Reading up on this - its woodies method not the method here , the one here seems more effective . Theres more at NT forum -

Links and Downloads Manager - NinjaTrader Support Forum

Gotta use it on a range chart with the woodies CCI .

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  #238 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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vegasfoster View Post
I read someone who called it the TLB100, where the......


trendisyourfriend View Post
That's interesting, i never thought about putting trend lines on the indicator panel itself. I prefer this idea to the fixed value.


Google Woodies CCI Club .

Ken Wood (Woodie) created the first system I remember based on that concept about 10 or 15 years ago.

Just remember, it's just another indicator.

The following is a simple trading system based on the CCI I came up with some time ago for trading TF during Regular Trading Hours for TF.

5 Tick Range Bars
Use the CCI 21 Weighted.

Entries:

If CCI > 0 and < 200 and the CCI is moving lower and reverses forming a "V" , go long,

If CCI < 0 and >-200 and the CCI is moving higher and reverses forming an inverted "V" , go short,

Exits:

If the CCI is > -100 and < 100, Exit when the CCI makes 2 consecutive moves against your position.

If you are long exit if the CCI crosses below 100.

If you are short exit if the CCI crosses above - 100.

Don't Laugh:

Attached is an excel spreadsheet from June 2010 manually tracking this system ,trading 1 contract of TF. But I must tell you, June was a banging month. The results were skewed by the raging market. The rest of the summer the system traded profitably , just not the stellar performance of June. Which proves you should never confuse genius with a bull market.

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

My daddy always said, "Every day above ground is a good day!"
Attached Files
Register to download File Type: xls June2010_CCI21.xls (56.5 KB, 159 views)
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  #239 (permalink)
 Djinn 
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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.

TMFT

Could you please post your version of ZSCORE with color or point me to where it may have been posted?

Thanks
Anish

 
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  #240 (permalink)
 ThatManFromTexas 
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Djinn View Post
TMFT

Could you please post your version of ZSCORE with color or point me to where it may have been posted?

Thanks
Anish

Zscore is the CCI calculated with Standard deviation instead of the mean. I should have given the example with CCI instead of Zscore and saved everyone the confusion. You can download the CCI with back color changing etc 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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  #241 (permalink)
 trs3042 
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ThatManFromTexas View Post
Zscore is the CCI calculated with Standard deviation instead of the mean. I should have given the example with CCI instead of Zscore and saved everyone the confusion. You can download the CCI with back color changing etc here...


Hello @ThatManFromTexas,

Could there be a color changeable/line changeable zero line added to your CCI indie???

TIA,

Rick

 
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  #242 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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trs3042 View Post
Hello @ ThatManFromTexas,

Could there be a color changeable/line changeable zero line added to your CCI indie???

TIA,

Rick

1. Yes
2. What did you have in mind?
3. Tons of examples of stuff I wrote 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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  #243 (permalink)
 Djinn 
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Thanks

 
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  #244 (permalink)
 bmont60 
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ThatManFromTexas View Post
Google Woodies CCI Club .

Entries:

If CCI > 0 and < 200 and the CCI is moving lower and reverses forming a "V" , go long,

If CCI < 0 and >-200 and the CCI is moving higher and reverses forming an inverted "V" , go short,

Hi TMFT,

Thank you for sharing this. I was wondering how you defined the "V"? Can it be a shallow "V", does it have to be a deep "V", or it doesn't really matter, if it looks like a "V" just take it.

Thanks
Brett

 
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  #245 (permalink)
 MWinfrey 
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ThatManFromTexas View Post
Google Woodies CCI Club .

Ken Wood (Woodie) created the first system I remember based on that concept about 10 or 15 years ago.

Just remember, it's just another indicator.

The following is a simple trading system based on the CCI I came up with some time ago for trading TF during Regular Trading Hours for TF.

5 Tick Range Bars
Use the CCI 21 Weighted.

Entries:

If CCI > 0 and < 200 and the CCI is moving lower and reverses forming a "V" , go long,

If CCI < 0 and >-200 and the CCI is moving higher and reverses forming an inverted "V" , go short,

Exits:

If the CCI is > -100 and < 100, Exit when the CCI makes 2 consecutive moves against your position.

If you are long exit if the CCI crosses below 100.

If you are short exit if the CCI crosses above - 100.

Don't Laugh:

Attached is an excel spreadsheet from June 2010 manually tracking this system ,trading 1 contract of TF. But I must tell you, June was a banging month. The results were skewed by the raging market. The rest of the summer the system traded profitably , just not the stellar performance of June. Which proves you should never confuse genius with a bull market.

This is a bit intriguing because I spent a tremendous amount of time on studying the CCI "V" entries and found them to have a 35% winrate, very prone to large drawdowns, and overall breakeven. However, that study was based on Woodies definition of the ZLR. I even created a NT strategy in recent months to study it some more. My previous studies were manual. Anyway, you've inspired me to look at this again.

I'm wondering what do you mean by weighted CCI. Are you basing the CCI on an EMA instead of SMA or what?

 
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  #246 (permalink)
 Big Mike 
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MWinfrey View Post
This is a bit intriguing because I spent a tremendous amount of time on studying the CCI "V" entries and found them to have a 35% winrate, very prone to large drawdowns, and overall breakeven.

What happens if you fade it? 65% win rate? More importantly, what is the expectancy?

Mike

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  #247 (permalink)
 MWinfrey 
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Big Mike View Post
What happens if you fade it? 65% win rate? More importantly, what is the expectancy?

Mike

I actually tried that and remember that I ran into a challenge coding it that I didn't want to spend the time on. So, I put it aside. However, each time I've tried fading a losing strategy it turned out to be just as bad and I've actually done that several times.

 
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  #248 (permalink)
 monpere 
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Big Mike View Post
What happens if you fade it? 65% win rate? More importantly, what is the expectancy?

Mike

Problem is, trading the V's of various indicators give you so many false signals. You gotta have some mighty accurate filters. And, my experience, tinkering with fading losing strategies was always an exercise in futility. Fading a 35% win rate strategy doesn't give you 65% win rate, it ends up being something more like 15%

 
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  #249 (permalink)
 ThatManFromTexas 
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bmont60 View Post
Hi TMFT,

Thank you for sharing this. I was wondering how you defined the "V"? Can it be a shallow "V", does it have to be a deep "V", or it doesn't really matter, if it looks like a "V" just take it.

Thanks
Brett

Deeper seems to work better but, If it looks like a "V" take it. But try to avoid "Chop". You'll get a feel for what works. I tried having exact standards, they didn't seem to work.




MWinfrey View Post
This is a bit intriguing because I spent a tremendous amount of time on studying the CCI "V" entries and found them to have a 35% winrate, very prone to large drawdowns, and overall breakeven. However, that study was based on Woodies definition of the ZLR. I even created a NT strategy in recent months to study it some more. My previous studies were manual. Anyway, you've inspired me to look at this again.

I'm wondering what do you mean by weighted CCI. Are you basing the CCI on an EMA instead of SMA or what?

Classical CCI is based on Typical -SMA(Typical) / .015*SMA(Typical)
Typical = H+L+C/3

Weighted CCI is based on Weighted - SMA(Weighted)/.015* SMA(Weighted)
Weighted = H+L+C+C/4

Of course on range bars (which I use) you are getting an extra "Close" since price always closes at the high or low of the bar.

I have never seen a mechanical system that was consistently profitable. But that's just me.

Woodie changed his system over the years to where now they trade it like on a 15 or 20 tick range bar. I trade exclusively on a 5 tick range bar.

In June this system had

364 trades
167 losers (I count Break Even as a loser after commissions) .
197 winners

Avg Loss $85.00
Avg Win $168.00

Looking back through the file for June I realize I also took "Woodies Ghost" trades.

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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  #250 (permalink)
 neilzep 
us
 
 
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hello,
anybody got CCI histogram with a alert and arrows when it crosses the zero line(that show up on chart)? Got zero c+ programming talent,just EL. thank you

 
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  #251 (permalink)
 ThatManFromTexas 
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neilzep View Post
hello,
anybody got CCI histogram with a alert and arrows when it crosses the zero line(that show up on chart)? Got zero c+ programming talent,just EL. thank you

You can download it here , if you are an Elite member.


If you are not an Elite member, You REALLY owe it to yourself to become become one, click Elite Access at the top of the page, it's rather painless.

Disclaimer: I am not a programmer, coach, trainer or self appointed guru. Have a professional review any code you receive from me before you trade real money with it. I am an Elite member of futures.io (formerly BMT) but am not an employee of or a spokesperson for futures.io (formerly BMT) and receive no compensation for recommending futures.io (formerly BMT) Elite membership

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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  #252 (permalink)
 Paul L 
New York City
 
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ESFXtrader, or anyone, Can you post a screenshot from fridays trading on the ES or TF and show the trades? Just trying to grasp this concept, thanks

 
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  #253 (permalink)
ESFXtrader
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Paul Lemke View Post
ESFXtrader, or anyone, Can you post a screenshot from fridays trading on the ES or TF and show the trades? Just trying to grasp this concept, thanks

I showed the setups of the trades as you asked marked on the chart. I hope this helps you see how easy it is. You will see more than one setup on some of the trades.
WK

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  #254 (permalink)
 Paul L 
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Thanks, Can you posts today's screenshot if you get a minute? I got chopped up on sim today with the system. Im sure Im doing something wrong. thanks again

 
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  #255 (permalink)
ESFXtrader
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Paul Lemke View Post
Thanks, Can you posts today's screenshot if you get a minute? I got chopped up on sim today with the system. Im sure Im doing something wrong. thanks again

For your eyes only!!!!!!!
Hope this helps.
Lots of winners.
WK

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  #256 (permalink)
 monpere 
Bala, PA, USA
 
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ESFXtrader View Post
For your eyes only!!!!!!!
Hope this helps.
Lots of winners.
WK

Has anyone gotten the NinjaTrader stochastics to match up with those on these charts? My stochastics D=6, K=5, Smooth=3 on NT look totally different then the TS stoch on these charts.

 
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  #257 (permalink)
 MWinfrey 
Lubbock TX
 
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monpere View Post
Has anyone gotten the NinjaTrader stochastics to match up with those on these charts? My stochastics D=6, K=5, Smooth=3 on NT look totally different then the TS stoch on these charts.

mine too...i tried reversing the d and k but that didn't work either.

 
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  #258 (permalink)
 Andrewt 
Perth Western Australia
 
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Thanks so much for your post very interesting, much appreciated. Regards AT


ESFXtrader View Post
I considered selling my CCI system and many of my friends said that I should do so. You here are the only group of traders I have shared it with and I hope you appreciate not only my sharing it with you, but that, to date, I have not seen a better trading system for all markets and time frames and it is free for you to try and tweak as you so desire. Some aspects of my trading that I have revealed to you such as the BBs and the divergence combinations only improve the accuracy and make it impossible to autotrade. One thing that I have only briefly mentioned is the early entry and exit method by watching for two consecutive green or red bars counter to the trend in green/red candlestick charts. What you will find is that this added part of my system coincides with the CCI method many times, but sometimes it gets you into a winning trade early or offers an early exit to a small winning trade before a reversal or an optimal exit to a big winning trade before its reversal.
Another aspect of my trading, of which I have only hinted at, is continuation setups. This could be for initiating a new trade or adding to a winning trade. You may have been taken out of a trade and this offers you an opportunity to re-enter at an optimum confirmed price. In this case, a trend, be it short or long, has been established and stalled. Wait for the CCI value to close higher than the previous bar with the 20EMA over the 20SMA on long trades and visa versa on short trades.
Also, remember the forementioned pullback to the 20SMA or midband of the BBs, which is a continuation setup in a strong trend.
The more you look at traditional green/red candlestick charts, the more you will see just how accurate this overall system is and how to trade it on anything you trade. I wish you nothing but success in your trading.
I am including a daily chart on IWM for you to consider. Imagine your, having traded options on IWM using this technique, where you bought long term options and sold shorter term options against them at the optimum time and strike price. I will go over that on a new thread in the options' treads later.
This is my way of giving back.
God Bless you all.
WK


 
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  #259 (permalink)
ESFXtrader
West Coast of Florida
 
 
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monpere View Post
Has anyone gotten the NinjaTrader stochastics to match up with those on these charts? My stochastics D=6, K=5, Smooth=3 on NT look totally different then the TS stoch on these charts.

"mine too...i tried reversing the d and k but that didn't work either. "

There is good reason. I use both the 6,5,3 & 8,3,3 on the same sub-graft as the price. I black out the middle # (K). I use the divergence form the 6 & 8 of the D. It works best for me. Maybe this will help. Good trading.
WK

 
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  #260 (permalink)
 monpere 
Bala, PA, USA
 
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ESFXtrader View Post
"mine too...i tried reversing the d and k but that didn't work either. "

There is good reason. I use both the 6,5,3 & 8,3,3 on the same sub-graft as the price. I black out the middle # (K). I use the divergence form the 6 & 8 of the D. It works best for me. Maybe this will help. Good trading.
WK

After 26 pages of posts, no one has realized this? Is anyone other then the author trading this method? This method is never gonna be profitable for you guys, if you don't seek to know all the details about it

 
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  #261 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
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monpere View Post
After 26 pages of posts, no one has realized this? Is anyone other then the author trading this method? This method is never gonna be profitable for you guys, if you don't seek to know all the details about it.

I doubt anybody apart from the Author is trading this method. There is a good reason, these methods which look good using hindsight or on paper are generally difficult if not impossible to teach. Anybody with some experience can take any chart and say i would have entered long there and short here because of this and that etc. but in most cases, nobody can duplicate what the author is showing live with real money not paper money. I doubt the author would have been able to trade these charts exactly as shown here.

 
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  #262 (permalink)
 cory 
the coin hunter
virginia
 
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monpere View Post
Has anyone gotten the NinjaTrader stochastics to match up with those on these charts? My stochastics D=6, K=5, Smooth=3 on NT look totally different then the TS stoch on these charts.

try this version for NT7

Attached Files
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  #263 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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monpere View Post
.... This method is never gonna be profitable ....

There... I fixed that for ya... No need to thank me...

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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  #264 (permalink)
rocc10
New York, NY
 
 
Posts: 1 since Oct 2009
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Some of these setups prove the entries correct right away, others are proven wrong quickly, while others chop around for a bit before resuming direction.

I think that discussing trade management in relation to these setups would be most helpful, especially stops - when to scrap a trade for a minor gain/loss vs when to let it go to your stop loss, how & when to raise stops to breakeven without getting taken out by a tick and then having the trade take off in your direction, and how to scale out.

Any thoughts?

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  #265 (permalink)
 monpere 
Bala, PA, USA
 
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rocc10 View Post
Some of these setups prove the entries correct right away, others are proven wrong quickly, while others chop around for a bit before resuming direction.

I think that discussing trade management in relation to these setups would be most helpful, especially stops - when to scrap a trade for a minor gain/loss vs when to let it go to your stop loss, how & when to raise stops to breakeven without getting taken out by a tick and then having the trade take off in your direction, and how to scale out.

Any thoughts?

Look around this site for other trading methods and concepts as well.

 
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  #266 (permalink)
 jmacn 
Brisbane Australia
 
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This has been an intriguing thread particularlly for a CCI fan.
The one significant thing missing is any actual trading stats on this method or if anyone other than ESFX are actually trading this way.
I am not sure that I fully understand how ESFX takes those BB trades.
Can anyone clarify this?

 
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  #267 (permalink)
 edhensel 
Summerville, SC
 
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I sim traded the method with live market. Found it to be overall break even. With another indicator, filter or trade criteria maybe it could consistently be profitable.

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  #268 (permalink)
 estrader14 
USSA
 
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Can someone post their complete setup Chart template for this method, as it is current defined?

 
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  #269 (permalink)
Dmitriy
Ukraine
 
 
Posts: 2 since Jan 2010
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w.trading-naked.com/library/50CCIdrbobSystem050613.pdf

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  #270 (permalink)
 Jaap8242 
Netherlands
 
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An interesting and good documented article about trading the CCI was written by Buzz.


Jaap

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  #271 (permalink)
 Tiberius 
Market Wizard
Coos County New Hampshire
 
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Great tread in every way. Thanks ESFXTrader. I attached my own version of this great method. I included the TSI indy, it can show early warning turning points and divergence. The two Stoch indies are on the template, but are transparent.

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  #272 (permalink)
 kees 
Nederland
 
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Can you please show the indicators you are using on your Template
Thanks in advance

Kees

 
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  #273 (permalink)
 cory 
the coin hunter
virginia
 
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kees View Post
Can you please show the indicators you are using on your Template
Thanks in advance

Kees

open xml file with notepad search for xmlns, indis name is right before it.

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  #274 (permalink)
 samiotis 
Gilroy california USA
 
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Tiberius View Post
Great tread in every way. Thanks ESFXTrader. I attached my own version of this great method. I included the TSI indy, it can show early warning turning points and divergence. The two Stoch indies are on the template, but are transparent.

Do you simply import the script in to NT7?

thanks - Mike

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  #275 (permalink)
 rcabri 
Switzerland
 
Experience: Advanced
Platform: ninja trader CQG Trader
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Hi Cory
strangely when I want to upload 1 minute ES or 30 sec. nothing appears and I have that message
you know what could be thanks
Roberto

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  #276 (permalink)
 rajafx1 
Toronto
 
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Tiberius View Post
Great tread in every way. Thanks ESFXTrader. I attached my own version of this great method. I included the TSI indy, it can show early warning turning points and divergence. The two Stoch indies are on the template, but are transparent.

Please post your indicators as well

 
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  #277 (permalink)
 cory 
the coin hunter
virginia
 
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rcabri View Post
Hi Cory
strangely when I want to upload 1 minute ES or 30 sec. nothing appears and I have that message
you know what could be thanks
Roberto

I found a bug please load this one.

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  #278 (permalink)
 rcabri 
Switzerland
 
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cory View Post
I found a bug please load this one.

Thanks very much Cory is working perfectly on every time frame
Thanks Roberto

 
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  #279 (permalink)
 jsengxx 
POrtugal
 
 
Posts: 54 since Nov 2009

Hello,

See this video: YouTube - Forex Trading - CCI Indicator - 5 min chart

I have attached the indicator. Set the gamma to 0,6.

Now we can eliminate the chop of the cci indicator. So when the laguerre crosses the 0,15 or 0,75 we then look to the cci indicator and trade it.
We can use the laguerre indicator to exit the trade to!

You can use it best with a tick chart.

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  #280 (permalink)
 wilson619 
San Diego, CA
 
Experience: None
Platform: NT
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Tiberius
For us unsofisticated, where do I find your indy's in all of this mumbo-jumbo and are they available here on BM? Thanks much.

 
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  #281 (permalink)
futuresinvestor8
Los Angeles, CA
 
 
Posts: 18 since Mar 2011
Thanks: 3 given, 6 received

That sounds like a very effective setup. I'll have to check it out and personalize it.

 
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  #282 (permalink)
 Tiberius 
Market Wizard
Coos County New Hampshire
 
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wilson619 View Post
Tiberius
For us unsofisticated, where do I find your indy's in all of this mumbo-jumbo and are they available here on BM? Thanks much.


all on futures.io (formerly BMT)!!!!

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  #283 (permalink)
 hockeystar 
Calgary
 
Experience: Beginner
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Thanks for your hard work and genoursity in sharing your methodology-- I've added the CCI to my charts and working well.

 
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  #284 (permalink)
 rajafx1 
Toronto
 
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Tiberius View Post
Great tread in every way. Thanks ESFXTrader. I attached my own version of this great method. I included the TSI indy, it can show early warning turning points and divergence. The two Stoch indies are on the template, but are transparent.

Please post your indicators used in this template

 
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  #285 (permalink)
 hockeystar 
Calgary
 
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ESFX,

I might of missed this in the thread, but is your entry a market order or limit order? If a limit order- where do you enter?

Thanks!

 
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  #286 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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hockeystar View Post
ESFX,

I might of missed this in the thread, but is your entry a market order or limit order? If a limit order- where do you enter?

Thanks!

Hockeystar,
In my posts and charts, I have described several entries from outer BBs with divergence, to 2nd green or red candle close, to first CCI bar greater than +45/-45 close, to the count back method bar 5 close as described, to a new bar greater than 45/-45 close after pullback on a continuation trade of an obvious directional move, which may also be a bounce off the midband. The setups vary according to the price action--non-directional to strong trend. In the setups which have not yet started a trend, prepare to move the stop quickly and take profit early unless a trend is established in your direction during your trade. Using live price action, you will soon see how it works from my examples. Good trading.
The second picture is of a demo account I was trading to show a new trader how I was using the platform and how quickly the account can grow in a very short time using only a single contract on each trade. Our advantage is that we do not need to settle for only a single contract and therefore the results is more to our liking. He is picking it up quickly and now has doubled his demo account. You can do the same.
WK

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  #287 (permalink)
 hockeystar 
Calgary
 
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Platform: NinjaTrader
Trading: TF, 6E
 
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ESFXtrader View Post
Hockeystar,
In my posts and charts, I have described several entries from outer BBs with divergence, to 2nd green or red candle close, to first CCI bar greater than +45/-45 close, to the count back method bar 5 close as described, to a new bar greater than 45/-45 close after pullback on a continuation trade of an obvious directional move, which may also be a bounce off the midband. The setups vary according to the price action--non-directional to strong trend. In the setups which have not yet started a trend, prepare to move the stop quickly and take profit early unless a trend is established in your direction during your trade. Using live price action, you will soon see how it works from my examples. Good trading.
The second picture is of a demo account I was trading to show a new trader how I was using the platform and how quickly the account can grow in a very short time using only a single contract on each trade. Our advantage is that we do not need to settle for only a single contract and therefore the results is more to our liking. He is picking it up quickly and now has doubled his demo account. You can do the same.
WK

Thanks ESCFX for the charts, they helped alot-- I think I am getting the hang of it now. Quick question, do you set your CCI to true or false for calculating at bar close? I set it to false, and I get a few false signals-- setting it to true I get in late sometimes-- just wondering what you use based on your experience.

Thanks again for sharing you methodology and answering some tough questions from some of the posters on here.

 
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  #288 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
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hockeystar View Post
Thanks ESCFX for the charts, they helped alot-- I think I am getting the hang of it now. Quick question, do you set your CCI to true or false for calculating at bar close? I set it to false, and I get a few false signals-- setting it to true I get in late sometimes-- just wondering what you use based on your experience.

Thanks again for sharing you methodology and answering some tough questions from some of the posters on here.

Hockeystar,

You will see the settings below for the CCI and in Trade Station, only in the scans is that setting offered for true of false. There is no mention of it when setting up the CCI on the charts. Other charting packages are different.
Hope this helps. As you can see, the trades are very obvious at TS.
WK

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  #289 (permalink)
 hockeystar 
Calgary
 
Experience: Beginner
Platform: NinjaTrader
Trading: TF, 6E
 
Posts: 182 since Jan 2011
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ESFXtrader View Post
Hockeystar,

You will see the settings below for the CCI and in Trade Station, only in the scans is that setting offered for true of false. There is no mention of it when setting up the CCI on the charts. Other charting packages are different.
Hope this helps. As you can see, the trades are very obvious at TS.
WK


The more I watch using your method the more obvious the tradess are becoming. Once again, thank you. So it looks like with TF the cci calculates after the close of the related bar. I had it set the other way around, where the CCI would not wait for the bar to close and was getting a few false signals.

 
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  #290 (permalink)
 Big Mike 
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  #291 (permalink)
esam_jir
israel
 
 
Posts: 30 since Dec 2009
Thanks: 0 given, 4 received

Hello everyone

I like this threat, just wanted to ask if can anybody make the color of the bars as the Comm channel index indicator colors in Tradestation?

as u have it guys in ninja trader


I'll be so happy if someone can do it

THX ALL

 
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  #292 (permalink)
Volts101
Vancouver BC
 
 
Posts: 13 since Dec 2010
Thanks: 8 given, 5 received

Just wondering if anyone of the 40,100 viewers this thread has had (!!!) uses SC and maybe, just maybe has coded this CCI system for SC ...??

 
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  #293 (permalink)
Volts101
Vancouver BC
 
 
Posts: 13 since Dec 2010
Thanks: 8 given, 5 received

It is now 6 months since ESFXTRADER first posted this system, and there has been a lot of interest with coding for NT etc.
Just wondering if there is anyone out there who has used it (or a modified version) and what their results are like....??
I like the smell of it and am slowly making some changes and plan to try it for trend following trades to start.

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  #294 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
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Volts101 View Post
Just wondering if anyone of the 40,100 viewers this thread has had (!!!) uses SC and maybe, just maybe has coded this CCI system for SC ...??

nothing needs to be coded in SC except CCI counts, you can count it manually after some practices.

 
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  #295 (permalink)
 hector24 
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
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Sorry to bother but I was really interested in this method of trading. I was wondering if anyone had a template that contains all of the indicators required for Ninja 7 and also what time frame is the best to trade this method.

Thanks
Hector

 
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  #296 (permalink)
Volts101
Vancouver BC
 
 
Posts: 13 since Dec 2010
Thanks: 8 given, 5 received


cory View Post
nothing needs to be coded in SC except CCI counts, you can count it manually after some practices.

Thank you; Yes agree; not difficult once you get the hang of it...just done a little back testing and it seems to usually go above/below the threshold before the count down occurs....

 
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  #297 (permalink)
 longboat 
Philadelphia, Pa
 
Experience: Advanced
Platform: Sierra Charts
Broker: Amp/CQG
Trading: CL, ES
 
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Posts: 144 since Jun 2009
Thanks: 901 given, 214 received

WK
Thank you so much for sharing your method. I was trading something similar but this looks much better! Can't wait to try it out. I like your different entry methods.
I know you trade the E7 on TS, has anyone else found a good tick or time frame for the 6E?
Thanks again great job!

Longboat

 
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  #298 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

Hey WK. I was reading through your thread and just wanted to check with you and see if you are still having good results with your CCI system. I was thinking about trading it on NQ because I have a small account, and with NQ being only $5 a tick, I think it would be a good instrument for me to trade. I just wanted to check with you and see if you have made any improvements to your system in the last few months, and if you have any special advice for trading NQ. Thanks for sharing your system and for any direction you can give me.

Gary

You should know that a small account is usually not the best to trade. If you can't afford to lose it, and or add to it on a margin call, you might want to reconsider. I certainly wish you the best of success, either way. NQ can move quickly just as most futures prices. Always use stops. I have not traded NQ contracts for some time, but might revisit it soon. To use my system, you would need to backtest the NQ to find what works best: timed charts or Tick charts, etc. Say you decide on the 5 min chart. Trade it live on a demo account to perfect your trading. Never trade on a cash or live account until you have proved the system works for you. Good Luck.
WK
Recent response to private message.

The system still works, but one must prove it works for themselves before going live on a cash account.
I have been using 1133Tick chart on ES along with 1 min and 5 min references w/good results in this volatility. Gary wanted to see NQ, so I added the chart below using 5 min. One can easily see that the trades worked.
I am just getting over 11 weeks of shingles which have been devastating and have just returned to trading futures.
WK

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  #299 (permalink)
ESFXtrader
West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

For those who trade ES on the 15 min chart, check how easy it is to make big gains in the chart below.
WK

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  #300 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
Posts: 958 since Feb 2010
Thanks: 1,189 given, 658 received

welcome back, WK.

do you trade NQ using tick chart? how many ticks?

on your ES chart, you mentioned to trade below CCI and MACD to avoid loss, what does it mean?

what is the rules for Entry? I have read all you charts.

1. 2 same color reversal bars, should I combine other rules?
2. Breakout BB + 2 same color reversal bars


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futures io Trading Community Traders Hideout Emini and Emicro Index > TF trading using CCI method-it works


Last Updated on December 21, 2014


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