Nihilist Forex Indicators

Greetings FF mates,
This is a trading system that operates on higher time frames, specifically from H4 to Weekly. I have developed a set of indicators that we will be using,
including
Nihilist_Ultra_Trend_V2,
Nihilist_Trend_Filter_1,
Nihilist_Trend_Filter_2,
Nihilist_Ultra_ADX, and
Nihilist_Ultra_ADX_Dash_mtf.

Here's an overview of the system:

1. Time frames: H4, Daily, Weekly
2. Currency pairs/metal: any
3. Buy:

1. First histogram (Ultra Trend): Lime
2. Second histogram (UTF-1): Lime or DodgerBlue
3. Third histogram (UTF-2): Lime or DodgerBlue

1. Sell:

1. First histogram (Ultra Trend): Red
2. Second histogram (UTF-1): Red or Orange
3. Third histogram (UTF-2): Red or Orange

1. Exit (buy/sell):

1. After a decent profit (your call)
2. Keep the trade open until you receive the opposite signal
3. You can use weekly support/resistance
4. Use a trailing stop
5. Or use a fixed TP (50/100/150/200 or more) by reading the higher time frames like D1 and Weekly

1. Take note of weekly support/resistance/pivot labels and psychological round labels
2. Stop loss: Last swing high (for short trades) or last swing low (for long trades)
3. Stay on the sidelines during high-impact news events

Before you start, I recommend demo trading first. Good luck!
Lastly, let me explain Nihilist_Ultra_ADX. It's a histogram-type indicator that's derived from the built-in ADX of MT4. When you use the template, you'll see 5 rows in a window with 4 colored square blocks. Here's what they mean:

1. Lime: ADX is increasing with an uptrend (active bullish movement)
2. DodgerBlue: ADX is decreasing with an uptrend (inactive bullish movement or slow bullish movement)
3. Red: ADX is increasing with a downtrend (active bearish movement)
4. DarkOrange: ADX is decreasing with a downtrend (inactive bearish movement or slow bearish movement)

To use this set of ADXs, if all 5 rows in a column show Lime color, it's a very active bullish movement. If all 5 rows in a column show Red color, it's a very active bearish movement.
If every time frame (especially M5 to Weekly TF) shows Lime or Red, then you can go for a 1st class trade with maximum lot size. This is a powerful indicator that 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.
-Nihilist.

*** 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

will start testing it

Wel-come mate. wish you good luck.

thanks nihilist, keep bringing up and sharing your awesome indi´s !

Great work

Thank you mate. please try on demo first.

GBPCAD- short

Hi Nihilist,

very nice work, I am still using your Alien's board.

What is the logic behind the colors on this one ?

GOLD sell-

Wel-come vspatrick, This is one of my experiment. I will explain later. Thank you for posting.

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?

Nice one ! Yeh ... so the usual indi discussion round dance starts ...

Hello DerBerliner, this is not any extra orninary indi, main concern is, it is fits to you or not. I like to publish only ex4 file. Thank you for posting.

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.

Hello Afarensis, I took only 5 trades(H4) by this indi( and all are winner), so i am not 100% sure about the repainting issue. I request you not to take any real trade without demo with it. Thank you for posting.

Hello rcbarlow, yes 4 hour is best for this indi, in H1 time frame my 2 trades are loser. so be careful about H1 tf. Thank you for posting.

Thanks. Can you put alarm when turning to red or green

Hi Nihilst,

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...

thanks

hello

Thank you, looks very promising.

this is to add an alert, it was good.

to follow closely

thanks