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4 hour trading system for newbies and experienced traders

  • Post #1
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  • First Post: Sep 12, 2018 8:45am Sep 12, 2018 8:45am
  •  barryvdw
  • | Commercial Member | Joined Apr 2014 | 246 Posts
I made a modification to the Buzzer system by removing the Dynasty and adding what is called the "6ths Screen" indicator from Nanningbob. I set it up on the 4hr charts and are trading it live on a micro account for now.
Trading rules: The market MUST first enter the top or bottom over the yellow lines to be ready for a trade. Then wait until the Buzzer 18 changes color into your direction of trade and enter. Take profit at the green line, or middle line, or when Buzzer changes color again. A very simple system. Let the forum know what you think!
I trade with Exness for excellent execution and no frills FAST service at https://www.exness.com/a/t4grn4gr

Nanningbob's advice (which I use diligently): DO NOT TAKE ANY TRADES BETWEEN THE GREEN LINES. THAT IS WHERE LOSSES LIE IN WAIT!

Any pair you fancy, and look after your MM. Put a stop some pips away from your low or high point. Profit in the middle.

BUY LOW....SELL HIGH...........PROFIT IN THE MIDDLE SOMEWHERE.
Attached File(s)
File Type: ex4 Buzzer.ex4   18 KB | 357 downloads
File Type: mq4 Buzzer.mq4   6 KB | 369 downloads
File Type: mq4 SIXTHS SCREEN VER 3.6.mq4   4 KB | 512 downloads
Barryvdw
  • Post #2
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  • Sep 12, 2018 10:15am Sep 12, 2018 10:15am
  •  voketexpert
  • | Additional Username | Joined Aug 2018 | 549 Posts
as long as i know EU works fine with Buzzer.
So im ready to backtest your modification.
Profit growth tells you the trader ability.
 
 
  • Post #3
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  • Sep 12, 2018 10:28am Sep 12, 2018 10:28am
  •  barryvdw
  • | Commercial Member | Joined Apr 2014 | 246 Posts
Quoting voketexpert
Disliked
as long as i know EU works fine with Buzzer. So im ready to backtest your modification.
Ignored
Buzzer is not an ordinary indicator. (Like I'm an expert!!) It does not work very well often as a enter/exit indicator generally on it's own, but not many indicators do. It can indicate an entry point though where the market reached a high or low point like with 6th's indicator. Sometimes it makes two entries (on 4 hr which I trade) by hitting your stop and then giving another entry point. In that case, I use an entry 1.5 times my initial entry lots to make up for the loss, but that is entirely up to the trader to make that decision. Back testing? I don't know how it will go but I use a demo to test and then go live on a small account before real trading.
Barryvdw
 
 
  • Post #4
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  • Sep 12, 2018 12:00pm Sep 12, 2018 12:00pm
  •  MidnightRun
  • Joined Oct 2009 | Status: Jack of All Trades | 772 Posts
Quoting barryvdw
Disliked
I made a modification to the Buzzer system by removing the Dynasty and adding what is called the "6ths Screen" indicator from Nanningbob. I set it up on the 4hr charts and are trading it live on a micro account for now. Trading rules: The market MUST first enter the top or bottom over the yellow lines to be ready for a trade. Then wait until the Buzzer 18 changes color into your direction of trade and enter. Take profit at the green line, or middle line, or when Buzzer changes color again. A very simple system. Let the forum know what you think!...
Ignored
Barry,
Thanks for posting the method. Two questions:
1. The Buzzer value your are using is 18 (not 16)?
2. Have you tried it on other TFs (lower)?
Thanks.
 
 
  • Post #5
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  • Last Post: Sep 12, 2018 1:09pm Sep 12, 2018 1:09pm
  •  barryvdw
  • | Commercial Member | Joined Apr 2014 | 246 Posts
Quoting MidnightRun
Disliked
{quote} Barry, Thanks for posting the method. Two questions: 1. The Buzzer value your are using is 18 (not 16)? 2. Have you tried it on other TFs (lower)? Thanks.
Ignored
Hi! The default on Buzzer is 20, but 16 would also work. Just watch out for false entries, but try it. I have not tried it on lower TF's, but put it on demo and let us know how it goes! 1 hr should be ok,
Barryvdw
 
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