Thats cool ddrankin!
Personally I dont use templates, my templates are my eyes and experience lol, but Im sure it will be very useful for people following this thread
Thanks a lot
Thanks a lot Gas
Yes. I didn’t notice EU EJ, now I will take them too.
Happy trading
No problem man
If you take a look at Eurusd, eurjpy and nzdusd, you can see that also you have another filter, which is previous day low. So you have as an entry signal the break of the middle bb and also previous day low. The more signlas you have the more strong is the entry 
Hi Gas
I suppose tomorrow non farm payroll will be released and what is your opinion get in to these trades today.
happy trading
By template I mean a having your indicators saved as “GASANVIL” so that I can just select and drop into a chart and look for entries per your system.
Good system
I use something similar on the M30 charts where I find the trend according to 200EMA and mid BB and then if an opposing (that is the outer BB that is not on the side of the trend) outer BB is pierced, I set an entry on the reverse side (ie to go with the trend) half way between the pierced BB and the mid BB for 2 contracts. 1 contract is set with a TP being just short of the mid BB and the 2nd is kept open as long as I can while the 200EMA stays in a particular trend. If the 200EMA moves to within 2:30 and 3:30 on a clock, I wait for a reverse candle to close and then exit. Usually I get some good outer BB to opposing outer BB trades and occassionally I am in a great position for BB walks.
Since you are trading 4h and dailys, then your SL will be far enough to stay out of volatility. Still, I will be very careful with 4h trades. With daily trades I dont even look at news, I just look at my charts.
nzdusd and aususd didnt activate as you can use. Eurusd and eurejpy (mnot activated yet but looking good.). IM moving my SL to BE on GbpusdU, entry at 1.5430
Lol I tought you mean something like an EA. Sorry my english is not that good
Thanks Gas
I pulled the trigger after u notify (EU and EJ)
By the way GBPJPY profit targets hit little while ago 228 pips as first target and 306 pips as second target (Still on Demo)
Thanks for your marvelous system
Happy trading
One losing tarde topday: EURUSD. My EJPY trade didnt activate, becasue I put the entry at yesterday low, so that way I had two filters: 4h midd BB and yesterday low. So net today: GU stopped at BE and EUR/uSd was a losing one Welcome to the world of trading, you need to get familiarized with losing trades
Me too had to take those losses. I got in EU and EJ and due to news spike (otherwise I feel it will not be a looser) my SL also hit. Yes we should accommodate losses as well. Today so far I didn’t notice any trade. Do you?
Happy trading
Next week I will take a look at aususd, eurusd, eurjpy, gbpusd, gbpjpy, nzdusd, and wait for the down trend to resume…and look for entries. A good thing to follow is 4h middle bands and friday low.
Gas… absolutely love this man! I can’t remember how long it’s been since i’ve seen such an elegant method of trading. It combines simple, with nearly mechanical rules, and a very high success rate. My hats off to you.
Personally, I’m an intraday futures scalper… but I do have a small spot forex account i play around with, and have been recently looking into developing some sort of automated trading bot. I think what you have here might help me do something like that.
Again…great job. really excited to see how this thread develops.
Jay
I am usually attracted to threads concerning BB. There is something about the statistical nature of the bands that appeals to me.
I have one small suggestion when posting your setups. Could you indicate the pair and the TF in the posting text. The resolution of the images on this site prevents me from practicing spotting setups by checking against your examples. Images in post #37, #20 and #26 are unreadable to me.
Hey Gasanvill, long time
I’m trying to find the entries you took early june and july but it seems to me that they must have been short entries? If so, weren’t the BB mid line and upper line sloping up?
Since I’m kind of slow I also have to ask how you determine the trend? Is it simply by the slope of the mid BB?
Hi Gasanvill
Thanks a lot I will follow those pairs. By the way I would like to ask from you that how many trades you won at a row from this system and how many trades you lost at a row. Just for information.
Happy trading
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Hey man, long time yep!
Entries on June and July on EJPY didn’t have the middle BB pointing down,that was another type of entry that I will describe later. The main thing to remember is that the trend was still down. Once people gets familiarized with the system it can be more flexible with the entries.
First the slope of the middle band doesn’t determine the trend, it is only an indicator of trend resume and the strength of the trend When you take a trade with the middle band in your favour the w/l ratio is bigger because you are entering in a very strong trend. It means you have a good momentum, usualy the trade will go right away in your favour.
You can take trades with the middle BB against you but that means that a retracement is taking place, so you need to be very careful and try to determine when the reversal is over and when to re enter the trend. In this case he trade doesnt have a good momentum, so usually it takes sometime to go in your favour. This types of trades are the most common, but the w/l ratio is lower, you will get stopped out more often but the r/r will be bigger because you are getting early movements, That is why I use the middle band as a filter of a trend resume, that is why the entry order is placed a few pips away the midlle band. Generally I don’t take trades that have the middle band too much against me. Ideally you would like to take trades that have the middle band in your favour, but eventually you will miss good trades, so is up to every trader to define what trade to take. For newbies and intermediate traders I would suggest to only take trades when the middle band is in your favour
Another good entry filter is the previous day high/low. Man If you enter a trade at the break of the middle band, and also at the break of previous day low/high, with the middle band in your favour, I guarantee you that price will go in your favour 90% of the time. The problem is that you only find a few trades like that, so you need to make the entry rules more flexible.
Second, How do I define a trend?
Well for 4h entries I only take short entries when price is below the middle band in the daily chart. So you can see that my 4h trades depends of the trend in the daily chart.
For daily entries I always take a look at 50SMA, in the daily chart. If price is below the 50sma we are in a downtrend, if its above then we are in a uptrend
So far we have:
1)First you identify the main trend on bigger timeframe.
2)Once you indentify the trend, you only look for entries and setup in the direction of the main trend:
—> 4h entries: If price is above middle band on the daily chart, then you look for long entries on 4h chart. If price is below daily middle band on daily chart, then you look for short entries on 4h chart.
—> daily entries: If price is above daily chart 50sma, then you look for long entries on daily chart. If price is below 50sma on daily chart, then you look for short entries on daily chart.
Definition of an entry: middle band in your favour and price breaking the middle band in the direction of the trend.
If the middle band is against you, then be careful because you are in a retracement. In both cases entering the trade after the break of the middle band is an indicator of the end of the retracement and the continuation of the trend. You can add as a filter a break of a previous day high/low. So the entry order would be placed at the break of the previous day high/low and break of the middle band.
Hey codemesiter!
OK I will
happy trading
Yep, trading is simple…but not easy Im glad you enjoy mys system
Feel free to ask any questions and if you need help with your method!
happy trading
Ok I have that information in my laptop, I will post it as soon as I have it!
happy trading