I have been monitoring a system through oanda for 2 weeks now. And have found that it is pretty consistent. Its based on no indicators just pure price action. Which I love. The problem is the system is based on 5 second candlesticks which you can only get at oanda. Also to stare at the screen looking at 5 second candlesticks for hours could drive a person crazy. The rules below explain how it works. I have gone 6 out of 8 winners or Break Even using this system. One winner was for 76 pips. The stops are extremely tight my biggest stopout was 10 pips.
I am looking for someone who can program indicator to alert us when it moves 8 pips in 5 seconds or if that is not possible for a mt4 alarm to go off when a 1 minute bar moves 10 pips from high to low and have it sound without the bar having to close. Just a suggestion. Would appreciate any help you can give.
Best Regards
JR
http://www.forexfactory.com/showthread.php?t=156106 here is the thread.
RULES HAVE CHANGED
SETTINGS:
- 5 SEC. CHART. SURVEILLANCE IN LOW VOLATILITY
- WAIT FOR A (6+ PIPS BAR)FOLLOWED BY FAST & CONTINUOUS PRICE ACTION IN SAME DIRECTION (2-3+ CONSECUTIVE BARS)
- SET STOP LOSS TO 0 PIPS RIGHT AFTER PRICE HAS GONE BEYOND
To me, this is when Central Banks and Big Players make their moves*1
Just go with them - TAKE PROFIT IS UP TO YOU ( 5 TO 100 PIPS)
Attached Imageshttp://static.forexfactory.com/forex...1&d=1237256975
__________________
High complexity ≠ high efficiency
Last edited by Tony112, Mar 16, 2009 10:29pm
I am looking for someone who can program indicator to alert us when it moves 8 pips in 5 seconds or if that is not possible for a mt4 alarm to go off when a 1 minute bar moves 10 pips from high to low and have it sound without the bar having to close. Just a suggestion. Would appreciate any help you can give.
Best Regards
JR
http://www.forexfactory.com/showthread.php?t=156106 here is the thread.
RULES HAVE CHANGED
SETTINGS:
- 5 SEC. CHART. SURVEILLANCE IN LOW VOLATILITY
- WAIT FOR A (6+ PIPS BAR)FOLLOWED BY FAST & CONTINUOUS PRICE ACTION IN SAME DIRECTION (2-3+ CONSECUTIVE BARS)
- SET STOP LOSS TO 0 PIPS RIGHT AFTER PRICE HAS GONE BEYOND
To me, this is when Central Banks and Big Players make their moves*1
Just go with them - TAKE PROFIT IS UP TO YOU ( 5 TO 100 PIPS)
Attached Imageshttp://static.forexfactory.com/forex...1&d=1237256975
__________________
High complexity ≠ high efficiency
Last edited by Tony112, Mar 16, 2009 10:29pm