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TF trading using CCI method-it works
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TF trading using CCI method-it works

  #181 (permalink)
Elite Member
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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)
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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.

Attached Thumbnails
TF trading using CCI method-it works-xx.jpg  
 
  #183 (permalink)
Just starting out...
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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

 
  #184 (permalink)
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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)
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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.

 
  #186 (permalink)
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ESFXTrader_CCIBarCounter_v5

This one is the same as version 4 except that it does not have a text background.

Again...nt7 only.

Attached Files
Register to download File Type: zip ESFXtrader_CCIBarCounter_v5.zip (5.4 KB, 181 views)
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  #187 (permalink)
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tradestation

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

 
  #188 (permalink)
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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

 
  #189 (permalink)
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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?

 
  #190 (permalink)
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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

Attached Thumbnails
TF trading using CCI method-it works-2011-01-12_1519.png   TF trading using CCI method-it works-2011-01-12_1525.png   TF trading using CCI method-it works-2011-01-12_1535.png  
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