isnt it better to just take a chance towards long or short and than tp 100 pips sl 35 pips?

What about yen pairs. There seems to be a yen pump at the moment. Later there could be a yen dump. Can you take advantage of this?

I was just trying to explain that this will definitely work if the spreads were not so wide at 5.00 pm eastern ny time. This is exactly when the new daily candle opens. But as far as I know the spreads will never be narrow at that particular time in ...

This would work if your take profit was 20 pips and you traded the reversal as soon as the new daily candle opened. But the problem is the wide spreads at the new daily candle open is anywhere from 10 to 50 pips depending on the pair and that ...

Yah my point is that its not worth the time and effort if you're not turning over your balance quick enough. So if you can blow your account with only 4 trades, than you should be able to double your account within a short period of time. This way ...

Am I right? One of the results you showed that the system made 70 percent from 2010 to 2019? If that is the case, why do you bother? Just put your money in blue chip stock or government bond, you will do better and no headaches with million ...

dont be angry, you can trade the news but your approach is not viable. when the news hits the market usually gaps up or down ignoring your entry or sl. maybe better approach would be to follow the current trend. for example if the trend is bullish ...

How do you manage to see the candle stick bars with all the squiggly lines?

I have not followed my own system but, someone thanked me a while back for making him rich. So I asked him how he traded the system. The reason for my asking this is because you can make the system your own. Well I didn't get an answer. This is ...

Here is an example.

Great job, tnx for the indicator. I started a few threads in the past about Bollinger band strategy. So I like it a lot. I am testing it now. I am trading it demo in the following way: Gbpjpy: 15 min. For long position: Wait for bands to go down to ...

Hello again, Guys I have improved my CANDLE MATCHING to the following. What are the inputs? : When the script runs there are 2 inputs. First input is "bt" this is short for "bartocheck". You choose the number of the candle which you want to check ...

Here is a Head and shoulders pattern indicator. It might be useful to this thread. It repaints but not by much. So most of the signals are not repainted. You can use it as visual help in spotting W,H&S,DOUBLE BOTTOM, DOUBLE TOP.

The tradingview indicator you posted is a repainting indicator. But I have to say it is designed nicely. Because it lists all the indicators that gives the signal on same bar. There is a similar multidivergence indi in the mt4 market tab. You have ...

Never mind, The first script does not properly determine if the bar is bullish or bearish pinbar. I wrote the following it is more concise and I think it does the job properly. I did not add the other conditions yet. ...

Hi, ok here is the latest; I added few more conditions and I checked it, it seems to work fine. Condition 1 determines if the range is at least twice the body Condition 2 determines if the body is located either at top 3rd or bottom 3rd of the ...

Ok man tnx. I'm actually jumping ahead of my lessons. I am not finished with scripts yet. I am about to start Ea and indicators and learn how to start those. I will keep it updated. tnx

Hi, Yes I intended to get the value of “if open[2] and close[2] are greater than high[2]-range3rd”. This is to check to see if the body is in the top 3rd. So if I write it as "Open[2]&&Close[2]>High[2]-range3rd" the program adds the open and close ...

I know this is not highwick script but I wanted to see what you think about this script. It determines whether the second bar is a valid pinbar or not. If the range is at least twice the body size condition 1 is true; If the body is located either ...