A while ago i show a friend how to create a simple multi time frame trend following system. He seems to like it, as 6 months later he still trades with it. So I thought i'd quickly post it here for traders who are 'lost' or fancy trying something simple
One indicator (cci customcandles). set 'overbought' to 55 and 'oversold' to -45
Go to daily and wait for a candle to close RED or GREEN
If green then go to 4hr chart and look for buys
If red go to 4hr chart and look for sells
use on any pairs.
.............its so simple it may have already been posted cause simple is best
One indicator (cci customcandles). set 'overbought' to 55 and 'oversold' to -45
Go to daily and wait for a candle to close RED or GREEN
If green then go to 4hr chart and look for buys
If red go to 4hr chart and look for sells
use on any pairs.
.............its so simple it may have already been posted cause simple is best
Attached File(s)
CCI CustomCandles.mq4
3 KB
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