Hello FF mates, This is a higher time frame trading system (H4 to Weekly).
I made some indicators for this system. here we are using following indicators-
Overview of the Systems
1.) Time Frame-H4/Daily/Weekly.
2.) Currency Pair/Metal-any.
1st histogram (ultra trend)-- Lime.
2nd histogram (utf-1)- lime or dodgerblue
3rd histogram (utf-2)- lime or dodgerblue.
1st histogram (ultra trend)- Red.
2nd histogram (utf-1)- red or orange
3rd histogram (utf-2) - red or orange
5.) exit (buy/sell)
a.) after decent profit (it's up to you)
b.) run the trade until got the opposite signal.
c.) can be used weekly support/resistance.
d.) you can use trailing stop.
e.) or fixed TP- 50/100/150/200/ or more . (by reading the Higher tf like D1 & Weekly.)
6.)We have to care about the Weekly support/Resistance/Pivot Labels. and also psychological round labels also.
7.) SL- last swing high(for short trade)/ last swing low(for long trade).
8.) stay side line during the high impact news event .
You are requested to Demo trade first.
Wish you good luck.
What is Nihilist_Ultra_ADX and How to Use it-
Nihilist ultra adx is a histogram type indicator which is derived from built in ADX of MT4.
if you use the template, you will find 5 row in a window with 4 color square blocks.
in 1st row - ADX of 7 period.
2nd row- ADX of 21 period.
3rd row- ADX of 42 period.
4th row- ADX of 89 period.
5th row- ADX of 144 period.
let us know the color legends-
Lime- adx is increasing with up trend ( active bullish movement)
DodgerBlue-adx is decreasing with up trend ( inactive bullish movement or slow bullish movement)
Red- adx is increasing with Down trend ( Active bearish movement)
DarkOrange - adx is decreasing with Down trend (inactive bearish movement or slow bearish movement)
How to use this set of ADXs-
if 5 rows in a column shows Lime color, then it is very active bullish movement.
if 5 rows in a column shows Red color, then it is very active bearish movement.
if every time frame (specially M5 to Weekly tf) shows Lime or Red then you can go for a 1st class trade with maximum lot size. This is very powerful indicator and it is never repaints after closing the candle.
( this is basically my Guru Mr. Alien's idea, you can know the details about the ADX behavior to visit the Alien's Extraterrestrial Visual Systems http://www.forexfactory.com/showthread.php?t=463573
Thank you all.Wish you good luck.
*** Multi pair Dashboard uploaded on http://www.forexfactory.com/showthre...30#post7555030
"Nihilist Holy Grail System" uploaded on http://www.forexfactory.com/showthre...28#post7593428
Synergy APB mod(2).ex4
nihilist ultra trend v2.tpl
will start testing it
very nice work, I am still using your Alien's board.
What is the logic behind the colors on this one ?
Hi Nihilist - after some time of practice nearly every trader become a nihilist concerning the indis - sorry to say that, but its the reality ... sooner or later.
So what's the difference of your indi in comparison to that zillion of indis out there in the forex/MT4-5 world ? No code is available for your indicator ?
Would even like to give a try on my daily charts ... perhaps.
I think is perfect, but i have a doubt...repaint?
Thanks for the indicator. It looks better on the 4 hour than daily charts on my platform.
I am also trying it on the 1 hour as a confirmation of my other indicators.
Thanks. Can you put alarm when turning to red or green
thanks for indi. i have backtested on gbpcad H1 and it seems to me that it may have good success rate. Also it seems that its not repainting. I want to find out that does it give any alert when color change and if not then will you be able to add one so we dont need to check or sit in front of screen...
Thank you, looks very promising.
this is to add an alert, it was good.
to follow closely
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