What is the trend CCI and the Entry CCI and how can I better understand it’s value in using the system?
The Trend CCI is defining the trend in place for us. Which means if the value of the TrendCCI is positive price is currently in an up trend. If the value of the TrendCCI is negative price is in a down trend. So to sum it up the Trend CCI defines the trend, when it is positive the trend is up and when it is negative the trend is down. You can also place your mouse of the last price bar to complete/close and read inside the Data Window of MT4 the value of the Trend CCI.
The Entry CCI provides us a reading of the current price momentum. It is an early warning sign. We use the Entry CCI for counter-trend trades. When the Entry CCI moves to the opposite side of the trend in place (Trend CCI reading) we have an alert or early warning signal that the trend may be changing. When the Entry CCI does show a signal that the trend could be changing and then price confirms that by making a lower low (when looking for a sell trade) or price makes a higher high (when looking for a buy side counter-trend trade) we enter the market looking for a counter-trend trade. The reason it is counter-trend is because we define the current trend in place through the Trend CCI which will have an opposite reading at the time of entry.
How to Know if the Trend is Above/Below ‘0’ Line Jordan
Could you please make me understand below/above ‘0’ level there are two lines and green/red bars which of them should be above or below the level before taking a trade
To know if the Trend is above or below the 0 line open up the Data Window in your MT4. Click VIEW > DATA WINDOW from the Mt4 top toolbar.
Then with your mouse over the last price bar to close read inside the Data Window the TrendCCI reading. If that is a positive reading it is above the 0 line and if it is a negative reading it is below the 0 line. Do not look at the color of the bar but the reading itself.
Can you have both Long and Short trades open at the same time? Jordan
I watched your video from the training session. I found it to be very informative with a ton of info.
One thing you didn’t mention that I’ve found to help place orders is to set hot keys to open the script and to delete pending orders.
Right click the “Trinity FX” script in Navigator and set a hot key to “Trinity FX” and one to “TrinityDelete” Then to open the script place your cursor on the price bar you wish to use for your trade criteria and hit ALT and your assigned hot key. This locks in the data window to the correct info and opens the script window. Its easier than placing your cursor on the correct price bar and trying to drag it up or down in a straight line. (less room for error)
Deleting pending orders is even easier. Just click ALT and your assigned hot key and all pending orders “magically” start to disappear. All open orders are not effected.
The True Trend value “20” on the TrendCCI period (EntryCCI is not used at all so that is “0”) and you are only looking for buy entries when the TrendCCI is positive and sell entries when it is negative.