- Heikin-Ashi: a Visual confirmation of A Trend or consolidation. The confirmation also when the market is in the Range.
- Stochastic & EMA34: Show the momentum of the market.
- Aroon:. confirmation of the Trend.
- ATR: Shows the volume of the market today.
Here are the money-producing
Recommended for using Metatrader to my analysis, and use the feed Alpari (http://www.alpari-idc.com) because the MetaTrader from Alpari got feedback most accurate for metatrader, others are not reliable, you can try FXDD, hear them either.
Get three of the following special indicators of metatrader yahoo,
(Http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators)
- "Heikin-aishi MOD " indicator: Confirmation Visual trend smoothly and not started (very important).
- Horn Aroon: confirmation of the trend has started!
- Detail Daily pivot : Hide and support/resistance lines. reliable for setting loss greatly.
Get all of the following indicators to the folder "Custom Indicator and run the metatrader get 30 minutes of EUR/USD, USD/CHF and GBP/USD Chart.. Plot indicator as follows,
- MOD Heikin-aishi, just load it.
- Stochastic with standard settings, i.e. 1, 2, 3 and Hi/Low, Simple setup and Draw a horizontal line on the INRA at level 50.
- Aroon Horn-there is a change only the default indicator.
- ATR 14.
- Load 20.2 Bollinger bands (only for confirmation and for my system).
- Draw EMA 34 (red), 55 (Blue) & 89 (green) on the Charts
- Heikin-Ashi Candlestick is Blue Candle (i.e. Blue Hi/low Feet in wax and wax is a Bull/Hollow Wax)
- Stoc to cross from bottom line 50 and above 50 or 2a. the current Candle Blue Heikin just above the EMA 34 and Closed above the EMA 34.
- Aroon horns UP (blue line) is at the top and FLAT. i.e. at the level of indicators of 105.
- ATR increased 14. Should go up, the ATR Level is not important, But expect rates to be 15 to 30 on most signals.
Stop:
This is a stop and to miss it in 10 pips below the next support line of candles. Note, when you
load the "daily Detail pivot" Custom indicators, it plots daily Resistance/Support lines for you. I use them to stop me. Also to Miss ADD Spread to stop You. If You bar sign on or near to a bar S/R, then you can also use the next Support line + 10 pips for stop You. Note the stop should be 30 + spread or above. the 30-65 pips (usually).
Trailing Stop on the B/E at 30 pips profit, the profit on the 50-> can't stop until 20, 70-> 40, 100-> 80 etc.
Out:
When the trailing stop gets lucky. If false then INRA crossing signal down from the top of the line 50 and/or aroon up bar crossing the bar (When u'ar length). If I am in front of the PC and then EXIT at a time when consolidation is simple. When Rod price in ATR consolidation should be decreased.
Signal offers: Just the opposite of the above.
I've been using this system with the eur/usd, usd/CHF is extensive. I also use it with the gbp/usd, but some times I get stopped me hit because of the high volatility of the couple. I've tried the demo with other partners such as the EUR/JPY and Eur/Gbp (Job 65% of Trade), Aud/Usd and Usd/Cad (working at least 55% of the time). Backtested results% no but from my actual trade on them.
Other Entry techniques
Use the 5 Minute table entries on the retracement after the signal occurs. You may have to do this for Gbp/Usd if you get whiplashed.
With this system at least 60% of the time you lost 20 ~ 50 pips from u'ar following current trends, but I felt it was necessary to ensure the trend has started! I'm waiting for Aroon Up/Blue Line will be at the top and into the flat to go long.
Notes on pivot daily:
If the bounce rates from Daily pivot (If entry is close to the pivot point), you must get stop you to B/E was seeking out. This is especially true for GBP/USD. If You trade away from the pivot daily then look for the continuation of the shaft.
Related Posts