569# Momentum Fast Trading

Momentun trading CCI, ADX with LWMA

Submit by Harris

Momentum fast trading is a trend-momentum strategy for intraday and swing trading

based on CCI, ADX , Laguerre filter and two LWMA. The pourpose of this strategy is catch part of a trend. Here there are two versions the only difference is the type of ADX.

Time frame 5 min or higher.

Currency pairs: majors.

Metatrader Indicators:

Laguere filter gamma 0.85, (determines trend/ momentum),

LWMA 3 period,

LWMA 13 period,

FXST3CCI, CCI period 14, T3 period 0,

ADX 14 d+ d- , level 20,

Trading rules Momentum Fast Trading

Buy

3 LWMA crosses above 13 LWMA ...and 1a) 3 LWMA was BELOW 13 LWMA 1 period before

Candlestick opens ABOVE Laguerre Filter (gamma 0.85)

+DI crosses ABOVE -DI +DI crosses ABOVE 20 Level

CCI crosses ABOVE 100 Level or

three nihilist adx have the bars green or blue.

Sell

3 LWMA crosses below 13 LWMA 3 LWMA was ABOVE 13 LWMA 1 period before Candlestick opens BELOW Laguerre Filter (gamma 0.85)

-DI crosses ABOVE +DI -DI crosses ABOVE 20 Level

CCI crosses BELOW -100 Level

or three nihilist adx have the bars red or maron.

Note: always wait for the next signal. Not re-enter for the same signal. If this rule
is met, the system has a good profitability.

Place initial stop loss on the previous swing hig/low. Make profit with ratio 1:1 stop loss.

In the pictures Momentum Fast Trading in action.

Momentum with ADX

Comments: 2

#2
Lopez (Friday, 24 February 2017 12:31)

Nihilist indicators does not repaint.
Very good.
#1
bart (Friday, 24 February 2017)

I like your strategy, but personally I think ADX is too messy, you get a better picture without it. Nihilist repaints and does similar job as FXST3CCI (I love it) - maybe settings need adjusting to the time frame, for example I would use 28 for 15min or 24 for 1h. Laguerre filter clears the market noise. Nice. I thought one could add a HMA or slope indicator to show the price bias. There are several ones. I avoid MA's crosses to trigger any trades. They are lagging. Maybe with for example 13MA present one could use it as a trigger. When a Laguerre filter and FXST3CCI oscillator agrees and 13MA is above the filter one may trigger a long trade.
And as re-entering trades is concerned you could do it on a smaller time frame or use FXST3CCI's colour change and its agreement with a Laguerre filter's direction and do it on the same frame.
One more thing if the price shown on the oscillator ( FXST3CCI) is a green colour for example and the filter crosses the price with a some delay is better to wait, because it is very likely that the price will reverse and then go later back up. Then the trading condition seems to be more favourable. The oscillator shows current momentum and when the filter is behind the momentum any trade will carry greater risk.
Anyway that's my view of your system and how to use it. Thanks Harris for sharing your strategy. And one more thing - this website's resources are amazing for forex traders and if it is your first time you are here you'll love it. Best luck in you trading!