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What is your best technical indicator? Open Poll :)
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2460		 Page 9 of 12
Author:  jlcgarcia [ Wed Apr 20, 2016 6:43 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
pascalx » Wed Apr 20, 2016 6:48 pm wrote:
jlcgarcia » Wed Apr 20, 2016 4:14 pm wrote: in my humble opinion the best indicators are the CCI and the Stochastics.
Hi bro. What do you think are their strength and why?


Hi pascal,

to explain the implications of CCI and stochastic in forex will need a full book.

I am trading this EA live and here there are the results for today:

Sin título.jpg
After five years of trying everything, I have returned to the basics. Take into consideration that there is no need for great sophistications as long as:
It doesn't matter whether the cat is black or white, as long as it catches mice.
Regards


José Luis
Author:  Scchplendid [ Wed Apr 20, 2016 7:10 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
Hi José Luis,
Would you mind sharing the settings you think are best for CCI and Stochastics please?
That's some impressive statistics for your EA.

I prefer to trade manually myself and have tested using a 20 CCI applied to the close but hadn't considered adding Stochastic to it.

Thank you
Scchplendid
Author:  jlcgarcia [ Wed Apr 20, 2016 7:31 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
Scchplendid » Wed Apr 20, 2016 9:10 pm wrote:Hi José Luis,
Would you mind sharing the settings you think are best for CCI and Stochastics please?
That's some impressive statistics for your EA.

I prefer to trade manually myself and have tested using a 20 CCI applied to the close but hadn't considered adding Stochastic to it.

Thank you
Scchplendid

Hi,

here there is the indicator and the template. I think it is a very simple method: buy when the pair is oversold and the CCI is blue in all the timeframes and sell when the pair is overbought and the CCI is red for all the timeframes, but here there is the trick:

pairs to trade: "EURAUD,GBPNZD,NZDJPY,EURNZD,AUDJPY,EURCAD,GBPAUD,AUDUSD,NZDUSD,GBPCAD,CADJPY,USDCAD";

and never sell: "AUD,CAD,NZD".



Regards

José Luis
Author:  Scchplendid [ Wed Apr 20, 2016 8:09 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
That's really generous of you to share these, I'll take a look.
Thank you José Luis
Scchplendid
Author:  pascalx [ Wed Apr 20, 2016 8:10 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
Thank you Mr. Garcia. I will definitely look into both of these when I return to fiddling with indicators. Would you mind adding a graphic that shows how you interpret the indicators in your specific application?
Author:  jlcgarcia [ Wed Apr 20, 2016 8:25 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
pascalx » Wed Apr 20, 2016 10:10 pm wrote:Thank you Mr. Garcia. I will definitely look into both of these when I return to fiddling with indicators. Would you mind adding a graphic that shows how you interpret the indicators in your specific application?

Hi,

the EA uses a more sophisticated approach that it is not easy to translate into a graphic. Take into account that I am using a multipair EA (one program, one chart, multiple pairs.)

Regards


José Luis
Author:  pascalx [ Wed Apr 20, 2016 9:55 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
jlcgarcia » Wed Apr 20, 2016 8:25 pm wrote:Hi,

the EA uses a more sophisticated approach that it is not easy to translate into a graphic. Take into account that I am using a multipair EA (one program, one chart, multiple pairs.)

Regards


José Luis
Oh too bad.

Since your code is not open source, it would be nice if you could try to add more details on your enter and exit strategies. I am still nooby on indicators, so any pro recommendations are super welcome.

Thanks bro, keep it up.
Author:  manfloy [ Thu Apr 21, 2016 7:53 am ]
Post subject:  What is your best technical indicator? Open Poll :)
José Luis thanks :hi:
Author:  rangerlp [ Fri Apr 22, 2016 12:50 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
jlcgarcia » Wed Apr 20, 2016 2:31 pm wrote:
Hi,

here there is the indicator and the template. I think it is a very simple method: buy when the pair is oversold and the CCI is blue in all the timeframes and sell when the pair is overbought and the CCI is red for all the timeframes, but here there is the trick:

pairs to trade: "EURAUD,GBPNZD,NZDJPY,EURNZD,AUDJPY,EURCAD,GBPAUD,AUDUSD,NZDUSD,GBPCAD,CADJPY,USDCAD";

and never sell: "AUD,CAD,NZD".

Regards

José Luis
Just to clarify, is it when all CCIs are Blue or some shade of Blue and when all CCIs are Red or some shade or Red (Orange/Crimson). Looks like a very interesting system. Thanks.
Author:  dapperdan [ Fri Apr 22, 2016 9:34 pm ]
Post subject:  What is your best technical indicator? Open Poll :)
Isn't that how "Forex Robot" worked but also had pivots and stuff? Wasnt it a multi time frame stoch?

jlcgarcia » Wed Apr 20, 2016 4:14 pm wrote:Hi,

in my humble opinion the best indicators are the CCI and the Stochastics.


Please, demo this EA for a while and tell me if I am wrong.

It is a multipair EA, put it in one 4H chart.

Regards


José Luis
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