Hi , love your work Nina and thanks to all contributors.....

I have been following this thread for some time, and I am a big fan of Catfx50 strategy and also Dr Bob's CCI 50 work (over at www.tradershaven.net)

Have finally got around to running this up on the demo account, must have picked a good day on the EUR/USD ! Based on CATFX50 entered long at 1.1958 and had a profit target of 1.2020 and trailing stop in place. My CCI50 also provided validation of entry and exits so today happy.

Attached Images

catfx50_140306.gif (42.5 KB, 315 views)

Hi, npj6400!

Well done. Welcome to the club.

Good luck.

Nina

Hi! Could you post the cci indicator please?

cheers

NPJ Would you tell your strategy to us with cci indicator


like ahh..

when to buy ?
when to sell ?
when to stay out ?

best wishes,
DAVE

I have attached some CCI indicators.

I am currently trialling the weighted WCCI version , however I have used the coloured CCI version extensively ( just add the + 100 and - 100 support / resistance lines in the levels tab ). Of course you can just use the standard CCI in MT4. Whatever version, in trading 30m or higher timeframes, I use the higher CCI period set to 50 and the lower set to 14, this is a Dr Bob strategy.

So when I take the CATFX 50 trade then thats the strategy as per everyone else here, ie the ema50 and stoc in tandem. The one other item I look at is to avoid chop, I draw a simple price trendline ( TA 101 !) on the chart, if it the close of bar fails to break out of this triangle like "chop" then I dont enter. (Note that sometimes this may delay entry but tends to validate the move)

The CCI offers me reasonable exits.

- The 14 period HFE ( hook from extreme - up or down and back over the 200 line )
- The hook of the +/- 100 line ( up or down and back over the 100 line)
- And of course the recross of the CCI 50 period zero line


When I take a CCI50 trade I follow the rules over at Tradehaven.net, so no need to go into them here as its a catfx50 forum.

Regards

Attached Files

	ColouredWoodiesCCI.mq4 (4.1 KB, 183 views)
	Weighted WCCI.mq4 (4.6 KB, 170 views)

Hi,npj6400!

Have you got that new MT4 CCI indicator for choppy market?

Woodies club has it.

Nina

Hi Nina, no I haven't - sounds interesting though.....

I have not visited Woodiescciclub for about a month I'll check it out tonight
(I live in Melboune Australia)

Cheers

Hi Fory,

regarding the situation yesterday in usdchf it could be said that this was a difficult decision - why?:

1.) Formal setup: There was a very minimal green bar at the Hist_StepMA_Stoch. There was a crossing of the ema50 during the candle was developed, but no crossing on base of the candle close.
--> Could be decided as a re-entry signal because of the combination with the green bar

2.) eurusd and usdchf are a little correlated in standard - often when eurusd goes up, usdchf goes down and vice versa. --> we talk here for a short entry. That means your risk is doubled when you are also long in eurusd.

3.) I didn't follow the chart in realtime on opening of the candle, so what I saw was an older view. A very small green bar could turn into a red one during the candle develops - it depends on the price movement. So it could have been that if the price went up even more over the ema50 - you even had a long signal!

4.) Looking at the same chart this morning shows another view. See the two attachments. 1. yesterdays view, 2. today the same view.
--> green bar yesterday was so small that it is not developed today at the same position!

So for me it would have been a nice trade (see it on the chart after the development) - but on entry situation it was too risky for me concerning the point 3.)

b.r. mibl

Attached Images

	hc_018.jpg (26.7 KB, 260 views)
	hc_019.jpg (62.1 KB, 314 views)

__________________
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Should you be able to locate it, would you mind posting it here, mate? Thx

__________________
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just noticed that when I turn the bars to 2000 on the usdchf they all turn green going right back to 3rd feb at 500 looks ok but it wont have 2000 at all yet the other two pairs are fine. Any thoughts ?