EUUD.. 5 min..Just got this for 36..3 wins and 2 losses on this one ..last 3 hrs
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DislikedOh, but this one is so much fun!
What is it?
This is a trend trading system using very clean charts.
Which time frame (TF)?
Any two TFs with a ratio of 1:4 - 1:6, for example: I use the H1 and the M15 TFs with a ratio of 1:4. But you could use the H4 and H1 charts (ratio 1:4) or the daily and the H4 charts (ratio 1:6)....you get the picture.
Which pairs?
Any, but I will only use GBPUSD, EURUSD or AUDUSD for illustrative purposes.
[u]How do we determine the direction of the trend for...Ignored
DislikedOh, but this one is so much fun!
What is it?
This is a trend trading system using very clean charts.
Which time frame (TF)?
Any two TFs with a ratio of 1:4 - 1:6, for example: I use the H1 and the M15 TFs with a ratio of 1:4. But you could use the H4 and H1 charts (ratio 1:4) or the daily and the H4 charts (ratio 1:6)....you get the picture.
Which pairs?
Any, but I will only use GBPUSD, EURUSD or AUDUSD for illustrative purposes.
[u]How do we determine the direction of the trend for...Ignored
Dislikedhi lawgirl,
you say wait for the 3/8 ema cross on the highger tf, then look at the lower tf for a cross.
but if the cross has already occured on the higher tf, then the lower tf would have already crossed ...? so there is no need to look for a cross on the lower tf is there ?
what happens in a ranging market when there are up and down crosses all the time......Ignored
DislikedIs there a way of not having candles other than making them the same colour as the background?
ThanksIgnored
DislikedI made this indicator a while ago for a system idea I had not unlike LawGirl's.
He's an expert named Gus, after Hera's Argus, a watchdog with as many as a thousand eyes. He sits perched on EUR/USD because it is the most liquid pair, and the more ticks, the more Gus watches for price crosses, moving average crosses, and Ichimoku crosses.
He watches 32 pairs across all (selectable) time frames. When a signal is given for any strategy, he Print()'s it to the "Experts" tab in MT4.
I'll post the code when I get back to my computer in the hope...Ignored
Dislikedhi lawgirl,
you say wait for the 3/8 ema cross on the highger tf, then look at the lower tf for a cross.
but if the cross has already occured on the higher tf, then the lower tf would have already crossed ...? so there is no need to look for a cross on the lower tf is there ?
what happens in a ranging market when there are up and down crosses all the time......Ignored
DislikedIMO the shorter TF would show a trend redirection before the longer one. Carried to the extreme then the 1M is the most telling as to what is happening NOW but of course the whipsaws on the 1 & 5M TFs are killers.Ignored
DislikedI made this indicator a while ago for a system idea I had not unlike LawGirl's. ..........................................
He watches 32 pairs across all (selectable) time frames. When a signal is given for any strategy, he Print()'s it to the "Experts" tab in MT4.Ignored
DislikedLG - just wanted to say thanks a million - i have long been a lurker on your other thread - this is simple, and des what it says on the tin - currently i am up 165 pips on EURJPY and 75 pips on EURUSD (though i really ought to say a little thank you to Merkel as well!)
you are the bestIgnored
Dislikedyes, using the EMA crossover - though, i actually violated one of your rules i think - i went short on the EURJPY although we were clearly above the 200 EMA on most TF - in fact it only just pushed though the 200 EMA just now on the 4H TF - naughty? lucky? would appreciate your thoughts.Ignored
DislikedMore or less on the dot ! A little patience and 50 pips in pocket !
Good System. I use indie based system -You give me confidence !
Thanks.Ignored