Trend Trading on H4 / D1 Charts
Hello fellow traders. This is my first thread at FF. I think its about time i break silence of past 10 years. I have been trading Forex for past 10 years. I have been a member of most of Forex forums. Tried hundreds of commercial and free EAs, indicators and trading systems. I have done basket trading, dashboard trading and what not. I have been learning, trading all along. Finally i have come to conclusion that Forex is all about MM. Trading less than H4 is disastrous. I have managed to save a mini live account in last 3 years by trading on D1 charts only on selected pairs. I want to share my trading strategy with you all and further improve it through collective wisdom. Please avoid negativity and respect everyone opinion. We all learn from each other. Forex is a risky job. There is nothing as such Holy Grail. All indicators used are not mine. I have collected from other forums.
Time frame H4 or higher.
Currency pairs: Majors and minors
Support and resistance ZZ
STI Obos oscillator.
Tradig rules Smart Trader Indonesia System
The direction of trade is determined by the support or resistance.
Lines of support and resistance blue color below the price.
The Obos crosses upward.
Lines of support and resistance red color above the price.
The Obos crosses downward.
Exit position when an opposite signal is generated, profit on a key level or ratio stop loss 1.18. Stop loss on the previous swing.
Smart Trader Indonesia System.zip
Thank you for starting a thread explaining your system. I agree that trading the 4 hour charts and above is the best approach, so i am always interested in looking at other peoples swing trading systems that use these timeframes. However I cant seem to open the rar file you uploaded, it appears it is corrupted or has no files within. Could you please re-upload the indicators and template file individually please?
About the zip file, the only thing you need to do is to update the winrar program.
And please I have a question. I have noticed that sometimes although the indicator STI OBOS is crossing clearly the white arrow does not appear as in other cases of the crossing.
Any explanation or something that we need to know?
Also, the indicator that shows the support & resistance line that actually is showing the trend that we need to follow is repainting?
Thanks for the very nice videos!!! Nice work
[quote=christos1967;12267843]About the zip file, the only thing you need to do is to update the winrar program. And please I have a question. I have noticed that sometimes although the indicator STI OBOS is crossing clearly the white arrow does not appear as in other cases of the crossing. Any explanation or something that we need to know? Also, the indicator that shows the support & resistance line that actually is showing the trend that we need to follow is repainting? Thanks for the very nice videos!!! Nice work[/quote
Hello you are right. White arrow does not appear on every cross. Secondly blue and red lines repaint more on lower TFs and very less on H4/D1. To me repainting indis are not bad only if you know how to use them . In this strat Murrey Math indi also adjust once price crosses these levels. Rest of the indis does not repaint.
You quote <<Hello you are right. White arrow does not appear on every cross>>
So any explanation about this?
I think I found the reason why the arrow is not appearing on all crossings. When the cross is happening between the 2 black lines the arrow is not appearing.
I think the 2 black lines consider as a trendless area.
Thank you for sharing your system and ideas.
I just wanted to check the indicators you use, but I downloaded the rar file on post 1, but when I try to open it I get a message that the file is damaged.
Can you please post the indicators used?
PS: Sorry, I had not read the other messages and some refer to update the winrar sw.
I did update and now I can see the files
Nice thread and I think we've been through the same boat in last ten years
I am from Jakarta , Indonesia,...
Thanks for sharing your good system,....
Lets teach us,... Which indicator that make you ENTRY GBPUSD ? There are likely 3 indicators,.. should we wait until those 3 comes up ?
Thanks, and terima kasih
Thank you for that (I did manage to update my winrar and open the rar you had on the first post, but thank you for your attention).
You say that the indicators repaint, and I know zigzag repaints, but what about STI OBOS, does it repaint?
I am testing it forward, and it does not look like it repaints, but you have more experience.
(I do not mean the white arrows that appear on the chart - those seem to be dependant of zigzag as well - but I mean the STI OBOS on the separate window below).
Hello traders just wanted to check from all those who have downloaded indis. Has anyone tried it in H4 / D1. Did you find it useful. I am still waiting opinion from experts. Is this strategy any worth trying or holding onto. I wanted to hear for any improvements. I will be doing a recap on Friday since i am out of town.
As you said that we have to ignore the Re-Painting,...
To get the usefull feedback,.. i think you have to explain to us much clear step by step how to trade this system. I really believe his system is good,.. since between H4 and D1 templates were different,.. as a newbie,.. I have some doubt ,.. how to trade this system.
Hope you can explain step by step with clear explaination,...sincethe sound of the video not so clear enough.
Hoping your further response,...
Hello Guys i have posted another video which further explains this strategy. I have done recap of my last 2 trades which i have manually closed as per current dictates of market. Please use headphones if you have issues regarding voice quality. Thanks
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