Attached File(s)
Multi purpose trade manager.mq4
113 KB
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946 downloads
Multi purpose trade manager instructions.pdf
109 KB
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1,499 downloads
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Day Trading system - Simple system to make money 51 replies
Trapping System: Way to Fully-Automated Trading System 47 replies
The7 Trading Method Signals Thread 136 replies
DislikedI think this system has great potential. When I look at my charts, I see trades all over the place. There's always another one waiting around the corner.
RobIgnored
DislikedHello everyone from Houston. I just have one question. On the first page it says "Closing candle has to open outside the channel to become a valid signal." Does that mean that the body of the candle has to be outside the channel, not just the wick. I keep seeing the wicks outside the channel and the body inside the channel. Doesn't the body of the candle represent the opening and closing of the candle?
Thank you for the clarification.
DarrylIgnored
DislikedHi Darryl,
It looks to me from the examples given on these pages that it is just the wick which is outside the channel, not the open.Ignored
DislikedHi The7,
Thanks for sharing your system.
Appreciate if you could tell us if these qualify as valid entries. (FXDD day ended two hours ago at 17:00 Eastern, -5:00 GMT).
GBPUSD - Buy
NZDUSD - Sell
Silver - Sell
Gold - Sell
Thanks
TF
Edit: The above entries have assumed touch of the EMA channel rather than opening outside the channel. I wonder if this is acceptable.Ignored
DislikedIt is my understanding that the open should be outside the channel and the close inside, not just the wicks, I could be wrong.
For example, I have traded last nights close of the GBPUSD daily candle as a sell signal as a pin bar formed rather than a buy signal as suggested by someone else. This is currently up 20 pips. I am also using MPTM to trail the stop by 30 pips.
Yesterday is had 2 trades, EURUSD buy which gave me 50 pips and EURNZD buy which closed for 40 pips. I could be missing out on more pips by using the trailing stop but I am unable...Ignored
DislikedHi Folks,
It could be amazing system if there are some fails entries be filtered.
Please see the attachment where failed entries happened.
What's your ideas ?
@Exiter135: Check the indicator if it helps :-).
Regards,
VnTraderIgnored