I love all of the coloring in the charts. Keeps me from getting to bored while waiting for a trade. By the way, gurusomu, I read in here that you have other successful systems that you have talked about in here. Do you have one that I can try thatās good on the 4hr or daily charts?
trail your stop to BE after 14 pips, so u can get the bigger pip movers
open 2 lots and sell 1 after 15 pip
exits - then if it continues, close at S&R and pivot point levels from 1H, 4H chart
stop loss - swing high and low on 5min chart, but make sure ure entry is good first.
quick observation after testing
- does give valid signals, but also some losers. the reason why some losers, is that it does give slightly late entry, and entry price may not be ideal, and quick reversal after down moves are commonplace. sometimes these reversals are short lived. sometimes the reversals can be sharp resulting in fast stop loss(eg. aud usd short yesterday for example )
however, if you wait for reversal sometimes i notice it doesnāt happen, sometimes it drops straight down more, which you lose the potential profit.
do u notice this guru. otherwise a valid trend follow system for 5min, 15min timeframe.
also i notice on ranging market, a lot of whipsaw e.g. eur/usd, not a lot of movement on this pair past 5 days. of the small movement, this system picked it up.
i would use this in conjunction with independent analysis of pair.
Hi
Do we have to wait TF 5 and 15 are in the same direction then only we long or short?
yes but have to download it from other thread on page num 15 test it on demo before u use it on real
yes but have to download it from other thread on page num 15 test it on demo before u use it on real
ok here is the method i use to read the signal, like Raj said, there is no such thing as perfect sys, so i alter a bit the sys Raj give us, so to confirmed the signal, i use daily pivot to see the Support and Resistance, also i attach the trendline to confirm the trend and i use hieken ashi to see more clearly.
Do you mean combine 2 systems together? Thatās a lot of indis?
just adding pivot indi and heiken ashi indi, just those 2 i add, also need basic understanding of Ichimoku sys(those cloud), then its really give valid signal
(Still testing if it really work)
Zahirzin
Can you upload pivot indis or teach me how to add it to the chart please?
Thanks!
PIVOT.zip (4.28 KB)
go to your broker folder, find expert/indicator.
copy it to your indicator folder.
open MT4, then custom indicator, attach PIVOT indicator
Hi Bachapips,
Just wondering if you happen to have a copy of your summary you could share?
Cheers
too many false signals imo. typical trend following, just gives many full SLs dont bother imo
See recent market condition full of news so many problems as u know in eurozone there is no system working u have to follow only major currencies u will get gud result chck aud usd 15 min chart doing well but 5 min recent time not so no technicalās working this market but have to follow all calls
[B]My request to all of u just forget stockpip pup whatever it call just we concentrate on main goal we here to share our experience we just do that we all here to learn and earn each other experience[/B]
I will look into it. Thanks
Pivot indicator is a great way for entries and exits for this strategy.
Read this article to learn more about Pivot lines. PIVOTS
Well here is my daily report for system, for system, itās quite good, only is when gonna enter the trade should follow the market condition otherwise it can give many false signal, iāve been testing on 5,15, 30 TF, 15 and 30 give more valid signal, to be exactly i prefered 15 min.
even if u want entry 5 min chart u can use ddfx bottom indicator increase its setting i have one more bottom indicator will post tomorrow if u take todays eurusd and audusd gud result 5 min on 15 min aud was in sell mode from yestāday
Ok guru, will testing again tommorrow with ddfx on 5 and 15 min, waiting ur post tomorrow, thanks