Hello Seniors and Juniors,
As title represents, I have a system (not developed by me), but still, i think it can be a best and consistent system because, upto 80% times, this system gives accurate signals and that is why, we call it a TREND CATCHING SYSTEM.
But guys, i need your help, team works and their spirit to make it work like a charm and with consistent!
Timeframe: 1h or higher to avoid false signals and to increase the accuracy.
Preferred Pairs: GBP/JPY, EUR/JPY or other Trending Pairs.
When to BUY:
1. When the BBANDS indicator turns BLUE
2. When the Blue moving averages cross and go upwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the UP move.
3. When the Blue Moving averages are above the WHITE CHANNEL
4. When the MACD histogram is ABOVE the ZERO line and also ABOVE the RED line.
When to SELL:
1. When the BBANDS indicator turns RED
2. When the Blue moving averages cross and go downwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the DOWN move.
3. When the Blue Moving averages are below the WHITE CHANNEL
4. When the MACD histogram is BELOW the ZERO line and also BELOW the RED line.
The problem is here:
When we enter in the trade, we will be in risk because TRADING means RISK, so, actually we don't know where to set our Take Profit and Stop-Loss so the biggest problem in this system is that, NO EXIT RULES! Sometimes, we could catch the highest movements, but sometimes, we lose because of highest negative movements.
Here is my story about EXIT RULES which i tried but failed:
- I tried signal to signal but still, the result is in NET LOSS.
- I tried with MACD with default settings but still failed!
- I tried 10 PIPS TP and 50 PIPS STOP-LOSS, but due to the system's nature, it works very few times and otherwise, break-even. I hope you understand what i mean here.
Suggestions by ME:
- We should try the TS (Trailing Stop) which i think that is the best solution, but my mind is not working about which settings would be correct.
- We can try with ZigZag indicator but the problem is that, zigzag repaints its signals.
Traders, I need your help on the exit rule so that, we can make profits consistently, and consistency is what we all are looking for, so if we developed the Exit Strategy, then believe me, we can make highest profits together.
(I ATTACHED THE TEMPLATE AND BBANDS.MQ4, PLEASE USE TEMPLATE FOR ACCURATE SETTINGS ON CHART)
As title represents, I have a system (not developed by me), but still, i think it can be a best and consistent system because, upto 80% times, this system gives accurate signals and that is why, we call it a TREND CATCHING SYSTEM.
But guys, i need your help, team works and their spirit to make it work like a charm and with consistent!
Timeframe: 1h or higher to avoid false signals and to increase the accuracy.
Preferred Pairs: GBP/JPY, EUR/JPY or other Trending Pairs.
When to BUY:
1. When the BBANDS indicator turns BLUE
2. When the Blue moving averages cross and go upwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the UP move.
3. When the Blue Moving averages are above the WHITE CHANNEL
4. When the MACD histogram is ABOVE the ZERO line and also ABOVE the RED line.
When to SELL:
1. When the BBANDS indicator turns RED
2. When the Blue moving averages cross and go downwards. The two thick blue moving averages need to be some distance from each other and not stuck together. This indicator that there is momentum in the DOWN move.
3. When the Blue Moving averages are below the WHITE CHANNEL
4. When the MACD histogram is BELOW the ZERO line and also BELOW the RED line.
The problem is here:
When we enter in the trade, we will be in risk because TRADING means RISK, so, actually we don't know where to set our Take Profit and Stop-Loss so the biggest problem in this system is that, NO EXIT RULES! Sometimes, we could catch the highest movements, but sometimes, we lose because of highest negative movements.
Here is my story about EXIT RULES which i tried but failed:
- I tried signal to signal but still, the result is in NET LOSS.
- I tried with MACD with default settings but still failed!
- I tried 10 PIPS TP and 50 PIPS STOP-LOSS, but due to the system's nature, it works very few times and otherwise, break-even. I hope you understand what i mean here.
Suggestions by ME:
- We should try the TS (Trailing Stop) which i think that is the best solution, but my mind is not working about which settings would be correct.
- We can try with ZigZag indicator but the problem is that, zigzag repaints its signals.
Traders, I need your help on the exit rule so that, we can make profits consistently, and consistency is what we all are looking for, so if we developed the Exit Strategy, then believe me, we can make highest profits together.
(I ATTACHED THE TEMPLATE AND BBANDS.MQ4, PLEASE USE TEMPLATE FOR ACCURATE SETTINGS ON CHART)
Attached File(s)
BBANDS~1.mq4
6 KB
|
603 downloads
trendcatchingsystem.tpl
4 KB
|
627 downloads