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Re: Simple Trading System

42 by firesword
AGG2024 wrote: Tue Sep 02, 2025 6:38 am I'm trying this system and I did two helper indicators. W2SYS is drawing the last 2 weeks high/low +/-12.5% and the Fib levels needed. Level100 is an CCI indicator holder instead of the tricky RSI(1) holder with constant value 0, with already set levels 5/10/50/55/95/100. That should help using this system. I just started learning it, so the indicators will be improved soon according to the needs.
Excellent stuff my friend. One problem so far; the Fib 50% and 62.5% lines are not correct . Depending on whether we're long or short in the market,
62.5% target level changes.
If you have a short trade, your 62,5% target line will be below 50% line.
If you have a long trade, your 62.5% target will be above the 50% line.

God bless.
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Re: Simple Trading System

43 by AGG2024
firesword wrote: Tue Sep 02, 2025 7:41 am If you have a short trade, your 62,5% target line will be below 50% line.
If you have a long trade, your 62.5% target will be above the 50% line.
I perfectly know that. I did it for 10 minutes mostly as an experiment to see how it looks. Now I think I'll make it optional like the current 62.5% level, so there will be 2 optional levels 62.5%, one short, and one long. You may enable one of them according to the current needs, or both of them.
Spending much more time to develop my proper RSI(1) indicator that shows something until I figured out, it does not matter, it needs to show 0, and it is a place holder to CCI, just to normalize it to 0-100% and to show several levels.

PS: Forgot to attach the updated version with 2 lines 62.5%, one long, one short, one or both of them shown, selectable.
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LikeRe: Simple Trading System

45 by firesword
Abdi wrote: Tue Sep 02, 2025 2:08 am Really like the simplicity Firesword. Thx for sharing. Is here a setup building?
Simple Simple.JPG

Also, i have a issue with not being able to look back in the history and zooming out without the latest position of the cci changing. I have tried to modify the cci and fine tune to your template. Could help to validate some of the setup :). Put it on top of the cci in the template to see the difference.

CCI + Simple.ex4CCI + Simple.mq4
I'm sorry my friend, I just saw your post.
CCI will change and move when you move your chart. This is why it is recommended to have the zoom level as I described in my 1st post.
Since we are trading what is currently happening you don't need to worry about that issue.
Our main point of interest is the market reaching the reversal zones. CCI is just a lagging indicator like the rest of them, but it is helpful
while we are making a decision to enter at a discounted price.
Trust the system and you will do fine.

... and yes , there is a setup coming up on GBPUSD. Well spotted 👍🏼

God bless.
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Re: Simple Trading System

46 by firesword
Just a reminder to all you good people interested in this strategy .
Don't try to change and add things to it.
There is a reason I call it "Simple System" and that is - because it's simple.
People always think things need to be complicated and hard to come by to be of any value.
Not so!
The best things in life are health, family and friends and you get all of them for free.
Don't treat them as not of great value.
The same goes for this system.
It is free but highly valuable.

God bless you all.
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Re: Simple Trading System

47 by unimatrix
AGG2024 wrote: Tue Sep 02, 2025 7:52 am I perfectly know that. I did it for 10 minutes mostly as an experiment to see how it looks. Now I think I'll make it optional like the current 62.5% level, so there will be 2 optional levels 62.5%, one short, and one long. You may enable one of them according to the current needs, or both of them.
Spending much more time to develop my proper RSI(1) indicator that shows something until I figured out, it does not matter, it needs to show 0, and it is a place holder to CCI, just to normalize it to 0-100% and to show several levels.

PS: Forgot to attach the updated version with 2 lines 62.5%, one long, one short, one or both of them shown, selectable.
I created a mod with vibe coding. The outer lines can be changed with a mouse click if needed and it should automatically select the correct fib level for short and long. However, there might still be some logic errors.

Re: Simple Trading System

49 by firesword
unimatrix wrote: Tue Sep 02, 2025 9:59 am I created a mod with vibe coding. The outer lines can be changed with a mouse click if needed and it should automatically select the correct fib level for short and long. However, there might still be some logic errors.
Hello unimatrix.

I've just noticed that on EURNZD and AUDUSD chart the indi has picked up the lows of 3 weeks instead of 2.
I haven't checked other pairs yet.


God bless.

Re: Simple Trading System

50 by BeatlemaniaSA
firesword wrote: Tue Sep 02, 2025 12:02 pm Hello unimatrix.

I've just noticed that on EURNZD and AUDUSD chart the indi has picked up the lows of 3 weeks instead of 2.
I haven't checked other pairs yet.


God bless.
Firesword,

What is the significance of measuring ONLY 2 weeks back and not 3-4 weeks back, or even to a previous significant high or low? :)
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