Hi mbrew5335

Here’s the information you requested on the RMI. I like the smoothness of the indicator as opposed to the RSI from which it is derived. If you were to set the value of the RMI to 1 instead of 5, you would have the RSI. When the RMI (14,5) returns from 30 or 70 levels, and the Alert Candles appear, this seems to indicate high probability trades. Please see attached chart.

Reference web site: http://www.paritech.com.au/education.../relative1.asp


As to your question regarding FxSniper’s CCI, it’s a question better directed to summitfx as it is because of his postings I began including it on my charts.

Droesparky: FxSniper’s CCI settings are the standard settings.

Cheers

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Can someone give an example of what the zorro and chilie peppers are?

I read the doc file again and dont understand what he means by them?

Please look at the alert candles in the chart posted by mart-hart (post 20).

My best guess without benefit of Goldenequity's input:

Red candle with black stem protruding both sides - hanging zorro. Red candle with green stem protruding both sides -chili pepper.

Cheers

And if so how many pips on average does one expect to get out of a randy candle move....eg is it a scapling method or a longer term method or both.

Thanks For The Help

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I think it is more of a scalping method. I have not tried it on longer time frames though.

As for your entry, it looks valid, however, if the yellow line on your chart is the 25sma there are 2 things I never do when trading this method.
1. Never open a buy when price is below the 25sma
2. Never open a sell when price is above the 25sma

I'm not saying that you can't make pips if you don't follow those 2 rules, but the higher percentage trades are made if you do follow them.
I don't know if that was part of the RC system but after watching them for over a month on my charts it's a good filter.

Thanks for the info Itguy.

I see your point about the yellow line...yes it is the 25ma....

Thank You sundowner I got it now.

Money Maker

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Hi Summitfx,

What is the red indicator that you have on your chart in the top right hand corner.

Thanks,

Vegas

I wouldn't hesitate to enter a trade when it is below the 25ma. I would consider an exit at the line however.

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