TF trading using CCI method-it works - Emini Index Futures Trading | futures io social day trading
futures io futures trading


TF trading using CCI method-it works
Updated: Views / Replies:163,956 / 426
Created: by ESFXtrader Attachments:148

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 148  
 
Thread Tools Search this Thread
 

TF trading using CCI method-it works

  #241 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received


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...

https://futures.io/free_downloads/vip_elite_circle/781-download.html?view

Hello @ThatManFromTexas,

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

TIA,

Rick


Last edited by trs3042; January 24th, 2011 at 08:10 AM.
 
  #242 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


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

https://futures.io/elite-circle/3332-jeffs-cci.html

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

My daddy always said, "Every day above ground is a good day!"
The following 2 users say Thank You to ThatManFromTexas for this post:
 
  #243 (permalink)
Elite Member
Dubai
 
Futures Experience: Beginner
Platform: MultiCharts
Favorite Futures: YM
 
Posts: 11 since May 2010
Thanks: 0 given, 0 received

Thanks


Thanks

 
  #244 (permalink)
Elite Member
Pittsburg, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 2 since Jul 2010
Thanks: 10 given, 1 received


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

 
  #245 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,879 since Jul 2009
Thanks: 1,449 given, 3,306 received


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?

 
  #246 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,357 given, 83,238 received


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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #247 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,879 since Jul 2009
Thanks: 1,449 given, 3,306 received


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.

 
  #248 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


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%

 
  #249 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



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!"
Attached Thumbnails
TF trading using CCI method-it works-woodies_ghost.png  
The following user says Thank You to ThatManFromTexas for this post:
 
  #250 (permalink)
Membership Temporarily Revoked
us
 
Futures Experience: Intermediate
Platform: nt,ts
 
Posts: 45 since Dec 2010
Thanks: 60 given, 28 received

alert


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


Closed Thread



futures io > > > > TF trading using CCI method-it works

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading Psychology and How The Mind Works (I) George Psychology and Money Management 20 Today 09:59 AM
Trading Psychology and How The Mind Works (III) George Psychology and Money Management 45 March 31st, 2016 01:24 AM
My CCI method+ on EURUSD 5 min chart ESFXtrader Currency Futures 30 December 21st, 2014 07:27 PM
Automated Trading Systems that works sam1197 Elite Automated Trading 15 August 20th, 2011 12:35 PM
ESFX CCI Trading manny1 Traders Hideout 2 May 27th, 2011 05:45 PM


All times are GMT -4. The time now is 04:45 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.17 seconds with 20 queries on phoenix via your IP 54.221.136.62