Hi Shevvy,Some time ago I decided to redeveloped the CCI indicator and hopefully create a better version that was made specifically for the forex market. However I seem to have created a trading strategy that I have named it the Cevn Bounce CCI Strategy.
Now for the metrics, please before you start shouting if you don't believe them simply prove me wrong, many have tried and all have failed so far but perhaps you could be the one?
Since the 01/01/2015 from 13 Sample pairs until todate (as of this message) there have been:
1484 trades - 1401 won - 83 lost = 94.4% Win/Lose
17:1 Win/Lose Ratio x 15:1 Profit/Loss Ratio = $255 US dollars profit for every $1 US dollar loss.
There have been 192,552.23 pips gained todate.
At the time of writing the Q4 Out-Sample Data reported the GBP pairs 'AUD/CAD/JPY/NZD/USD' are showing a 98% Win/Loss Ratio. You will find the full details of this plus every trade from both the Sample Data and the Out of Sample Data the strategy has generated this year.
Profits/Pips gained are based on a conservative estimate and do not represent the total amount that could be gained by experienced traders.
Not only does it produce excellent returns, it's absolutely FREE to you. You can find everything you need to trade this strategy at, www.cevntuntrading.wix.com/fred-proffitt
Note: as well as no costs, there are no email address's required nor do you have to join any websites.
So before you tell me that no trading strategy could generate such high returns. Or want to know why anybody would give away such a profitable system, first check it out for yourself then I'll answer any questions you have.
Happy Trading Folks.
WOW!!!! Thanks for your generous offer of this strategy. I have had a cursory look at it and it certainly looks incredible. Impressed with your comprehensive documentation of results which would be easy to check and for the 23 page laying out of the strategy which is pithy and to the point. I am in the process of back testing and it is v. v. easy to see how this works Shevvy. I have committed myself to studying this fully and applying it on demo before I trade live. I don;'t think it needs much time though because a +-90% win rate suggests that if one follows the rules properly the efficacy of this strategy, or not, would soon become apparent. I have requested a contact add on Skype and would dearly love to clarify your terminology which I have not come across before. I promise to keep you updated on my progress. I know you aren't concerned about detractors here. Folks are quick to be suspicious and make up for their lack of understanding and proper application of rules by attack and judgement. That's just how are minds work. Anyway I meant to request that you allow me as a contact on Skype for advice. Cheers, TeRoopu Netana