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ok makes sense, thx for clarifying, i'll continue to monitor the comments here and make adjustments, also i am wondering how you came up with the cci settings / parameters, was this a trial and error to see what works best or some other method - i have run this system using a standard 3/10/16...

i see.. i have this set to check the cci pivots going back 81 bars, i.e. 1 day back.. - i think you are considering only more immediate divergences, perhaps just the ones arising during the ascent to the keltner, which makes sense on this short timeframe.

here are the resulting trades.

hi Nopm - here are the mechanically drawn divergences for the last couple of days - the mechanical has identified a triple div for this last setup ... - i presume what you say "unclear" is that the angle of price ascent is quite steep while the loss of momentum on the oscillator is relatively...

hi Geoff - there are threads here on ET discussing risk management issues and parameters - i think there is a current thread titled something like "Money Management" you can look it up - try searching for Sharpe ratio, Sortino ratio, you should come up with the relevant threads discussing these...

and here's today's mechanical trade output.

i think i have just plugged in no_pm’s settings without adjustments – the code draws divergence lines in the DYO study subwindow because the scaling works better than in the CCI study subwindow and makes the lines easier to see and check – otherwise, the DYO study is set to read the...

hi no_pm - i have taken a quick pass at backtesting this - i don't want to rush to post the results because it's an initial rough draft at best, i.e. needs to be checked for coding errors and most likely needs refinement of the divergence logic - however, if you are interested and have time, i...

hi W.B. - sorry to hear about your hand, i hope you will recover well and soon - what a deja vu of last year's move in the s&p, can it be more identical - the November move, then range... - the 1991-1992 were two near identical range years, but those were new all-time highs.. - can they put a...

ok thx, i didn't realize you use macro fundamentals, i thought the approach looked a bit more mechanical... i guess i should have gathered this from your Handle :) good luck with this trade and all the best.

ok sounds good - your 3% return on equity looks good, but i can't tell what leverage you are using / assuming? i assume you allocate among the pairs based on the respective volatility...

hi Macro - how would your strategy have done in 1995? i.e. what would be the return, the max drawdown and the corresponding leverage used - i assume it would have "cleaned up" in 1991-1994..?

i guess the Fed next week perhaps will serve as a catalyst for starting some more movement.

good call on that - however both the yen and the euro are in such relatively narrow ranges on a daily basis at the moment that it is tricky to trade in general, this could whipsaw either way from here, i look forward to seeing if and how they will move this situation before the end of the year...

p.s. here is a whipsaw on the euro - i think in your case you are mostly getting jiggled out / stops tagged on your tight stops.

hi Geoff - thanks for the explanation - the historical forex data is likely to be in abundance for free nowadays thanks to the advent of the forex bucket shops etc - and since your system sounds fairly straight-forward, you don't need any particular "tools", i am guessing you can do it in excel...

hi - how do you come up with this level? good luck with the trade.

hi - good journal and you are doing good trading work - the usd/jpy has been in the 50%-70% of the average daily range for the last two days... - i don't quite understand how your system gets "whipsawed" when there's pretty much no movement... - i guess your stops are pretty tight, looks like...

speaking of overnight gold - what a nice pop going on at the moment - i have a question about the main gold market during the european morning hours - i am guessing it's the london bullion fixing process - also i guess the DGCX may become important... - or is there some sort of another...

p.s. - here's the ongoing move in the yen - the line shows a 2x avg daily range (20 ATR) added to the low of each preceding day's bar - i guess still waiting here for the "inevitable" 2day correction... :)