My CCI/Coral Breakout system

jjviviers · September 22, 2012, 10:59am

can’t wait to start testing this!

denjes · September 23, 2012, 1:34pm

Hello TravelKoen, Question about the third option. You say when it hits my SL buy at a sell signal and Sell at a Buy signal.
So far i understand this but the question is that am i in a false trade in the beginning?

Thanks.

Dennis.

shahzadz · September 29, 2012, 2:36pm

Can you plz go in a bit more detail and tell us how you added RSI and what MA you used to fine tune this system. It will be a great help for us.

Mbro777 · October 10, 2012, 7:15am

This was posted on the 1st post

EURUSD = 20 pips
GBPUSD = 25 pips
EURJPY = 25 pips and trailing stop
GBPJPY = 25 pips and trailing stop

I don’t know about you but i haven’t seen 20-25 pips per move at all, anybody else moving these kind of pips with this?

jutawan · November 1, 2012, 3:08pm

Congratulation travelkoen for intoducing this splendid system. I am a devoter to CCI and Coral trend , not forgetting RSI too, they are the BEST!!!.. May God Bless you always for sharing you trade system to us here… :64:

jutawan · November 1, 2012, 3:22pm

Hi Travelkoen. I am Jutawan. Have you tried any signal indicator or EA alert that can detect function like CCI and Coral, which can alert you when the CCI reaches either -150 for Buy or 150 for Sell setup? I think there are many talented EA developers in Baby Pips that can help you in this case “Missing the right moment to trade”. Its just a friendly suggestion. Bro, I really like your system.

mangojango · November 4, 2012, 9:59pm

Really interested by this system and can’t wait to see how it fares in the back test. If you don’t mind, I’d like to know your approach to money management with this system. Specifically, how much (% of account) are you risking on each trade? With such a high win rate, would you consider risking a higher amount, say 10%? It seems to me that if you can minimize losing trades to <20% you could make an extraordinary amount of money quite quickly by increasing risk. I’m a total aspirational newbie, so looking forwards to being shut down here with a good explanation

jutawan · November 5, 2012, 11:44am

Hi, I think SMA 20 would closer to Coral

louyingqi · November 8, 2012, 3:17am

i think so

Mbro777 · November 8, 2012, 9:42am

Has anybody used this on the 1Hr? If so what are you results, i am testing it on the 1hr and hope this does well. This system is simple.

jutawan · November 10, 2012, 5:06am

travelkoen:

Prelude

let me start of with saying a few things I want do not want to see in this thread:

Questions about account statements or live trade signals: I will not have it, the thread is supposed to be about the system. I’ve been trading for about 3 years, tried every single system, signal service and a huge number of gurus.
In total that has costed me about 20.000 euro, divine intervention gave me this system so I’m spreading the word (for those who wonder, yes it is a joke…).
I’m not gaining anything by sharing this system and will not offer to trade for you or to copy my trades. I’ve been in the dark quit a few times the last 3 years and am happy that I finally found something that works for me.

Do not flood the thread with other indicators, templates or EA’s, if you have a relevant one then please add the link to the thread about it. If there is no thread yet, then start one.

I have my own ideas about Risk/Reward, this system will only give you 1:1 (sometimes less), but I found it to work 8/10 and that obviously helps these stats.

Charts I use are hindsight since I want to have clear examples and while I’m trading I have no time to post or edit charts.

Be respectfull

Indicators

It consists of two main indicators:

coral: setting 28

cci (included in all MT4): setting 21, levels 0,150 and -150

optional you can add any support/resistance level, i use sr_KG_ Support_and_Resistantce_v101

The pairs

You can use it on just about every pair
I like using it on JPY pairs, they usually offer clean and quick breaks (EJ, AJ,GJ,…)

Time frame

I choose 5M timeframe, simply because that gives me multiple entries per day, I like to trade a lot, not sit back and check my charts every hour. It is a personal choice. It works on higher timeframes but you should adjust SL and TP accordingly.

The system

for buy

wait untill cci has moved below -150
Once it reverses up and touches CCI 0 and the coral line on your chart then buy
SL is at last low, your TP 25 pips (I personally try not to be greedy, but do feel free to leave it open)
Once CCI has moved above 150 then start looking for exit and the next move…

for sell

wait untill cci has moved above 150
Once it reverses down and touches CCI 0 and the coral line on your chart then sell
SL is at last high, your TP 25 pips (I personally try not to be greedy, but do feel free to leave it open)
Once CCI has moved below -150 then start looking for exit and the next move…

third option: the stop loss hunter

Obviously this does not always work (otherwise I would call it the holy grail): sometimes it reverses back before it reaches CCI -150 or 150. The beautifull thing is you can recover your lost pips immediately.

buy signal: SL hit

CCI was under -150, it crossed or touched both CCI and Coral and then it goes down again and hits your SL, then sell immediately and put your SL at the high you just got. TP 25 pips

sell signal: SL hit

CCI was above 150, it crossed or touched both CCI and Coral and then it goes up again and hits your SL, then buy immediately and put your SL at the high you just got. TP 25 pips

I will add some charts later today, my personal goal is to have +25 on all 6 pairs I trade (EURUSD, EURJPY, GBPJPY, AUDJPY, CHFJPY and CADJPY).

Update 14/06/2012

I noticed that defining the TP target is important, did some more research and these are my findings:

EURUSD = 20 pips
GBPUSD = 25 pips
EURJPY = 25 pips and trailing stop
GBPJPY = 25 pips and trailing stop

whenever I have time will look into other pairs

Hi. Perhaps we can make our trade safer by waiting for Divergence in price compare to CCI, what I meant, when CCI drop below -150, I have noticed the PA still going down, even CCI start to move above -150 heading line Zero, the PA still making a new low, what I have done so far, using the CCI plus MACD or OSMA to identify either internal or external divergence, and wait for CCI to cross zero line heading up-ward, Coral being crossed, wait for any bear closing, enter my post instant, set my TP 25pips (5digit), [with 5digits I can set TP minimum 50pips, 25 is safer] the price will move further if divergence has existed previously. Give it a try, you’ll notice the differences. Please refer to the attchment, entry can be at A or B or just follow the original rules. An entry, at MACD +ve is safer and promises more profit, less probable to hit our SL, right…!! You may have different angle of views, let us know…:64:

fasmail2005 · November 16, 2012, 11:21am

Hi, awsome system. just little curious. plz advice howmany trades you take in london session and what size lot you take?

Thanks

ivancho · December 31, 2012, 2:04am

Hi. How is everybody doing? I went through all pages here. I did some papertesting in EUR/USD and the results were good. After that I started the strategy in my live account of course with meaningless money just to test it. So far for 10 trades I am +40 pips which is good. But one thing I struggle with when the price starts moving towards the Coral and it touches it the CCI is also showing that it is passed. As travelkoen said I am not waiting for the candle to close so I open when the coral is touched and CCI is passed. And quite a few times the price fastly goes in the other direction and on the CCI chart it shows that it have never been even close to it. Looking back in time I will never open it If I see historical data but on live I open it. Does anybody has the same problem? How do you guys deal with it?