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TF trading using CCI method-it works


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TF trading using CCI method-it works

  #241 (permalink)
 
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 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)
 
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 ThatManFromTexas 
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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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  #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

  #245 (permalink)
 
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 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?

  #246 (permalink)
 
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 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)
 
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 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.

  #248 (permalink)
 
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 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%

  #249 (permalink)
 
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 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
 
Posts: 44 since Dec 2010


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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