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Thread: Cimov Systems

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    Default Cimov Systems

    First let me introduce my self,
    I've been in trading for 4 years until now. I've trading in commodity 1 year and the rest in forex, stocks and other derivatives.
    I learn every systems and every indicators.
    I read books and ebooks about technical analysis, fundametals, psychology, money management and mental trading.

    And I come with conclusion:
    Trading is not about the money, It's about you.

    Ok, let's straight to system.
    I want to share you one of my systems.
    It use 2 - 3 indicators which is an Exponential Moving Average and Commodity Channel Index.

    The parameter for each indicators is up to you, but I use 8 periods for EMA and 20 periods of CCI.

    I use it for trading EUR/USD and GBP/USD.

    I preffer H1 for time frame. Better is longer timeframe but shorter.

    Now, the rules:
    Buy :
    1. When price above 8 EMA and pullback to it and and CCI become positive or
    2. CCI break +100 level or
    3. CCI make a higher value over +100 level

    Sell :
    1. When price below 8 EMA and retrace to it and and CCI become negative or
    2. CCI break -100 level or
    3. CCI make a lower value over -100 level

    Remember, we have 3 possible entry signal for buy or sell positions.
    Last edited by wing2008; 04-06-2008 at 01:01 PM.

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    Default

    For more visual let's see the picture below.

    I've mark the position with line colour.
    Green for Long
    Red for Short

    I will explain to you next time step by step, including take profit and stop loss.

    Last edited by wing2008; 04-06-2008 at 12:58 PM.

  3. The Following 2 Users Say Thank You to wing2008 For This Useful Post:

    adnan10076 (04-16-2012), ashwini (04-06-2012)

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    Default

    The picture I give to you is my trading records from March 27th until April 2nd, 2008 or 5 days trading.
    We make 18 trades in 5 days.

    Before we examine trade by trade let me tell you how to determine take profit level and stop loss level.

    First we must calculate the stop level.
    Take the close price when signal come and substitute with the value of 8 EMA from the same candle/bar.
    Now we have a value of stop loss.

    Second add this value to the close price to find take profit level.
    Just remember, the best money management is to set Profit and Loss Ratio minimum equal to 1:1
    This system always use 1:1 ratio.

    If you find that the price can reach the profit level twice from its stop level then good to you.
    Nobody will blame you if you took a trade with a profit loss ratio 2:1

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    Now let us examine trade by trade

    Trade A

    1. Our signal trigger buy position at close price (2.0123)
    2. EMA 8 value is 2.0073
    3. Candle before our signal candle is not a spinning or doji
    4. Our stop loss level is 50 pips
    5. Profit Loss Ratio 1:1 then our take profit level is 2.0173
    6. In three hours, profit 50 pips

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    Trade B

    1. Signal trigger sell position at 2.0058
    2. EMA 8 value is 2.0105
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 49 pips
    5. Take profit at 2.0009
    6. Trade close with 49 pips

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    Trade C

    1. Signal trigger sell position at 2.0006
    2. EMA 8 value is 2.0055
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 49 pips
    5. Take profit at 1.9960
    6. Trade close with 49 pips

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    Trade D

    1. Signal trigger sell position at 1.9946
    2. EMA 8 value is 1.9976
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 30 pips
    5. Take profit at 1.9916
    6. Trade close with 30 pips
    Last edited by wing2008; 04-03-2008 at 11:52 AM. Reason: trade close with 49 pips (edit to 30)

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    Trade E

    1. Signal trigger buy position at 1.9953
    2. EMA 8 value is 1.9942
    3. Candle before our signal candle is a doji/spinning/star
    4. No trade

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    Trade F

    1. Signal trigger sell position at 1.9924
    2. EMA 8 value is 1.9939
    3. Candle before our signal candle is a doji/spinning/star
    4. Since we are in downtrend, star/doji means the retracement is over. It's okay to sell
    5. Stop loss level is 15 pips
    6. Take profit at 1.9909
    7. Trade close with 15 pips

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    Trade G

    1. Signal trigger sell position at 1.9906
    2. EMA 8 value is 1.9932
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 26 pips
    5. Take profit at 1.9880
    6. Trade close with 26 pips

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    Trade H

    1. Signal trigger sell position at 1.9835
    2. EMA 8 value is 1.9879
    3. Candle before our signal candle is a doji/spinning/star
    4. Because we are in downtrend, doji become a signal for continuation move
    5. Stop loss level is 44 pips
    6. Take profit at 1.9791
    7. Trade close with 44 pips loss

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    Trade I

    1. Signal trigger sell position at 1.9829
    2. EMA 8 value is 1.9857
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 28 pips
    5. Take profit at 1.9801
    6. Trade close with 28 pips

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    Trade J

    1. Signal trigger sell position at 1.9831
    2. EMA 8 value is 1.9846
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 15 pips
    5. Take profit at 1.9816
    6. Trade close with 15 pips loss

    In this trade we have a prior trade I still open.

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    Trade K

    1. Signal trigger sell position at 1.9782
    2. EMA 8 value is 1.9822
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 40 pips
    5. Take profit at 1.9742
    6. Trade close with 40 pips

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    Trade L

    1. Signal trigger buy position at 1.9854
    2. EMA 8 value is 1.9805
    3. Candle before our signal candle is not a doji/spinning/star
    4. Stop loss level is 49 pips
    5. Take profit at 1.9903
    6. Trade close with 49 pips loss

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