Hi all,
I am one of the fan of Equity millipede Thread. I like his concept but i don't like any of his methods.
What is his concept -- allow your trades to grow.
What is his method -- methods for entries he teach in his thread.
So i had his concept in my mind and i started lurking over other threads to find a method that should suit my style.
What is my style -- Don't use brain. Don't waste time. Don't stare the screen.
Finally i found method that suits my style. It is not FF. It is in another forum. 1 more thing i didn't test that method yet
Now come the juicy part. Thanks for reading the above nonsense.
So the strategy comes here
1.Download the indicators and template attached. Put the files in appropriate directory in your mt4 folder.
2.Open 10, 20, 30.......... charts, whatever you like(No restrictions to amount of chart and no restriction to symbols).
3.Daily timeframe in all charts. Apply the template to all charts.
4.Only signals we are going to consider are green and yellow arrows.
5.We are going to follow these arrows blindly(Yes blindly).
6.Our trading time is opening time of the daily candle.
7.Open the terminal after 5 minutes of the daily candle opening time.
8.Look for the signal(green or yellow arrow) above or below the previous candle(new candle(today's candle) is current candle and yesterday's candle is previous candle).
9.If the signal is yellow for the previous candle,
Open 2 sell trades with stoploss at the previous candle high.
Use trailing stop of 25pips(you can use MPTM) for 1 sell trade.
Move the SL to breakeven and leave the another sell trade (equity millepede concept applied here).
10.Vice versa for green signal.
11.I am not here to justify this system. I just wanted to share. I like to contribute to the forum where i learned a lot. But believe me this is a rare indi which you get for free. Also don't ask any screenshot. There is nothing to explain with the screenshot.
12.Money Management and risk:reward are your wish. Enjoy
Thats all. Very simple system.
Am going to open a live account for the first time .
If you wish follow this with me from 7 may 2012 .
Don't expect any fast reply from me.I will open MT4 terminal at 5.30AM(candle open time in my country) and will close MT4 at 6. Then i will open my journal to update my trade. Then i will look at this thread.
English is not my mother tongue. So forgive me my language.
Update: Am using only BBand stop alert.mq4 indicator. You can insert only that into the chart but with deviation 2. It is 1 by default.
I am one of the fan of Equity millipede Thread. I like his concept but i don't like any of his methods.
What is his concept -- allow your trades to grow.
What is his method -- methods for entries he teach in his thread.
So i had his concept in my mind and i started lurking over other threads to find a method that should suit my style.
What is my style -- Don't use brain. Don't waste time. Don't stare the screen.
Finally i found method that suits my style. It is not FF. It is in another forum. 1 more thing i didn't test that method yet
Now come the juicy part. Thanks for reading the above nonsense.
So the strategy comes here
1.Download the indicators and template attached. Put the files in appropriate directory in your mt4 folder.
2.Open 10, 20, 30.......... charts, whatever you like(No restrictions to amount of chart and no restriction to symbols).
3.Daily timeframe in all charts. Apply the template to all charts.
4.Only signals we are going to consider are green and yellow arrows.
5.We are going to follow these arrows blindly(Yes blindly).
6.Our trading time is opening time of the daily candle.
7.Open the terminal after 5 minutes of the daily candle opening time.
8.Look for the signal(green or yellow arrow) above or below the previous candle(new candle(today's candle) is current candle and yesterday's candle is previous candle).
9.If the signal is yellow for the previous candle,
Open 2 sell trades with stoploss at the previous candle high.
Use trailing stop of 25pips(you can use MPTM) for 1 sell trade.
Move the SL to breakeven and leave the another sell trade (equity millepede concept applied here).
10.Vice versa for green signal.
11.I am not here to justify this system. I just wanted to share. I like to contribute to the forum where i learned a lot. But believe me this is a rare indi which you get for free. Also don't ask any screenshot. There is nothing to explain with the screenshot.
12.Money Management and risk:reward are your wish. Enjoy
Thats all. Very simple system.
Am going to open a live account for the first time .
If you wish follow this with me from 7 may 2012 .
Don't expect any fast reply from me.I will open MT4 terminal at 5.30AM(candle open time in my country) and will close MT4 at 6. Then i will open my journal to update my trade. Then i will look at this thread.
English is not my mother tongue. So forgive me my language.
Update: Am using only BBand stop alert.mq4 indicator. You can insert only that into the chart but with deviation 2. It is 1 by default.
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