Adventures in candlestick trading

Main Chart

5m Entry/Exit

Main Chart - After Exit

Regards,
Muthu.
Chennai.
India.

Main Chart

5m Entry/Exit

Main Chart - After Exit

Regards,
Muthu.
Chennai.
India.

Main Chart

The bodies of the candles are not close to the upper bb makes it a risky trade.

5m Entry/Exit

Main Chart - After Exit

Why it was a risky untrustable trade ? Lets wait for the next chart after this.

Regards,

Muthu.
Chennai.
India.

Look how the same candle that we rode for a profit changed color and moved up and the subsequent green candle that would have taken our stops.

Regards,
Muthu.
Chennai.
India.

Got no choice:p i made pips on the 1h and lost them on the 30m:mad:
But not all of them 80 pips+ on my first week:D!

Where can i get it?:slight_smile:

The Zip file contains the following files

Indicators

Periodconverter
Starc Bands

Templates

Tymen 5m
Tymen other than 5m

Document

How to use period converter

Regards,
Muthu.
Chennai.
India.

Period converter.zip (12.1 KB)

Installed it, but havent gotten it to work yet, it seems to simple and straightforward that im missing something:o

what seems to be the problem ?

for 20min chart
open a 5 min , apply indicator. change period multiplier to 4 (4 x 5min =20 )
go to file and open chart from opem off line

Just follow the steps as above to get other time frames from 20 to 55 and wait for the market open for the charts to get updated.
Open each pair likewise and once you have the said time frames, tile vertically and save them as a profile. Now open default profile, Go to the next pair do the same and save it in another profile name. Likewise use a different profile name for each pair. It will be easy to use. Btw which MT4 broker are you using ? I use IBFX.

Regards,
Muthu.

Alright i open the 5m, apply the indicator, change from 2 to 4, go to file and and open offline, open the 5 minute, but then it just opens another 5 min with out the indicator :confused:

don’t close the origional 5 min chart. Also I think indi is only good for 4 changes.
you should find a 20 min chart in off line

Main Chart
A shorter wick of the first candle is what makes an ideal text book pattern. A possible grey area trade.

5m Entry/Exit