A more visual explanation of the ideas contained in all of the logic will follow with the attached template.
This is a more fast and furious concept of trading, and will require the LargeTimeFrame.ex4 to be put into the indicators folder.
It's like this...the yellow EMA on this tpl is a 60EMA - applied to the M1 chart is basically a 1EMA on the hour. With the LTF indicator, you can visually see how often price touches the H1 - 1EMA. You should also be able to gain a sense at if price is above or below the 1440EMA (D1 - 1EMA) - Green dotted line on the TPL, how much range is actually achieved.
Now...it's all kinda kewl n shit to look at this in the fast frames like the template, but the actuality is, the ranges may not be conducive to prosperity on these tight levels.
So...I have looked to expand these to a level that is consistent with the ideas that may allow for enough range that all brokers - differing in spreads and commissions - to allow for prosperity.
Each of the traders, including Buzzsaw, look at the market from a similar metrics. The idea is to figure out the highest probability of consistent success and use these to work inside of the pairs and sessions each individual will allow.
And...given that these EAs can eliminate the primary trigger and work only as cost averaging AFTER a MANUAL trade has been taken, can help you appreciate where price is in proximity to different price levels and trends.
If you aren't sure what I am saying here...get drunk...read again...have another look.
lol
This is a more fast and furious concept of trading, and will require the LargeTimeFrame.ex4 to be put into the indicators folder.
It's like this...the yellow EMA on this tpl is a 60EMA - applied to the M1 chart is basically a 1EMA on the hour. With the LTF indicator, you can visually see how often price touches the H1 - 1EMA. You should also be able to gain a sense at if price is above or below the 1440EMA (D1 - 1EMA) - Green dotted line on the TPL, how much range is actually achieved.
Now...it's all kinda kewl n shit to look at this in the fast frames like the template, but the actuality is, the ranges may not be conducive to prosperity on these tight levels.
So...I have looked to expand these to a level that is consistent with the ideas that may allow for enough range that all brokers - differing in spreads and commissions - to allow for prosperity.
Each of the traders, including Buzzsaw, look at the market from a similar metrics. The idea is to figure out the highest probability of consistent success and use these to work inside of the pairs and sessions each individual will allow.
And...given that these EAs can eliminate the primary trigger and work only as cost averaging AFTER a MANUAL trade has been taken, can help you appreciate where price is in proximity to different price levels and trends.
If you aren't sure what I am saying here...get drunk...read again...have another look.
lol
Attached File(s)
60.tpl
1.0 MB
|
290 downloads
LargeTimeFrame.ex4
8 KB
|
280 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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