Update v.1 sniper rishijay trading system new arrow in arsenal

Hi Brijeshsinh ... among all these colorful systems...which 1 are you currently using to trade and making money with?

hello, 4rx,

if you are fine technical analyst, then when you will test sniper rishijay tradings system you will yourself get the answer of your question.

of course i am posting here indicator system that i use and is profitable to me in live markets.

Hello Brijeshsinh!
You should activate the bands (atr period 10, then upper /lower bands both 1.1) , otherwise it's the normal averages indicator. You should not just choose indicators that present up and down of price best, you should use some, that tell you, when the next bars will still be up and a bigger move is more likely to come, even if I missed first entry on touch-line for example. Oscilators crossing 0 can do that like old cci (commodity channel index). Many pictures on boards just show good trends, but 70 % of the time, price is not trending strong, but your indicators still make buy signals.
Obo just colors the bars in similar way then other bar indicators.

Which settings did you use on averages - mtf - alerts 8.3 - atr bands for your picture?

Did you try all settings beside ema on macd tape averages version?

hello, friend4you,

yes you are absolutely right, whenever there is going to be strong move coming , first trend reversal bar is likely to be big enough to cross many short term averages and will be followed by many follow-up good bars.

for this kind of reversal i use one indicator hawkeye widebar. this demonstrates clearly your mentioned kind of entry and follow up. this bar most often demonstrates significant price and volume action.

this gives me the same kind of entry as you said. i enter on subsequent retracement of price once move is confirmed by hawkeye widebar indicator.

yes you are right 70% time market is ranging and it is only 30% of times that prices are trending on any given time scale. it is this 30% time that is profitable.

as you mentioned crooss of 0 line in cci gives positive signals , i use macd centerline crossover instead, for strong signal to catch the right move. cci 0 line cross or macd center line cross more or less is no different broadly.

due to some so called copyright issues by hawkeye traders in previous old thread it has been removed and so i have avoided posting it here in this thread also.

so can not post it here.

but you can find it on internet and try it out.

as you know mladen the great coder well. i think you must be knowing his website forex station. it is there also.



i will check as per your suggestions on indicator too.

hello, friend4you,

i have tested all averages on macd tape.

aherens averages filters whipsaws well but legs a bit. lwma fares well but many times gives whipsaws also. so there are advantages and disadvantages.

if you find some averages on macd tape interesting do suggest with its settings,

i will test it out as per your settings.

for matter of fact if you find any other settings useful on any other indicator on sniper rishijay trading system you can upload indicators or if you want you can post your revised templet of sniper rishijay system on this thread.

the aim here is to improvise sniper rishijay trading system by adding, removing or updating settings of indicators of system.

any one here on forexfactory is welcomed for that.

thank you.

Which settings did you use here?

hello, friend4you,

i kept settings as dafault that is inbuilt with indicator, changed only moving averages to ema.

yet to test other settings.

do you have any specific settings for it?

if you have then i will check it out first . do post your settings.

hello, friend4you,

here is what it looks like with atr activated as per your settings--atr-10, upper and lower bands-1.1

will be testing it tomorrow in live markets.

hello, friend4you,

also will test with higher setting of atr band overlay,

looks quite interesting compression and expansion of bands is showing trending activity well.

the idea is good, the thing is to find out optimal settings for both atr bands.

Atr-bands, Averages Keltner Channels 2.ex4 and avergaes - atr bands are quite similar. EMA 14 on averages - atr bands (standard setting as you use) makes many false signals in my view. Using more than one on a chart just makes sense if you use also different settings for the middle line. On your pic, the bands are just always the same, just with a bigger distance from the line in the middle.
Don't forget the oscillators.
Nice, that I could help.

brijesh, when you give someting like this, it is always good to give the template. if it is still in testing, better make the name "testing_xxx v xx

hello, cdsaa,

wait for the settings from friend4you,

as his settings for EMA 14 on averages - atr bands will be better , as he is using it since long,

once he gives his settings, i will make templet available for sure.

i have not been using atr bands for long, so my settings may not be accurate for trading.

No. Your EMA 14 on averages - atr bands (standard setting as you use) makes many false signals in my view. My Settings are here:
https://www.forexfactory.com/showthr...3#post10295783
You can use the other bands indicators similar, linear weighted ma 12 on weighted close ATR 11 KATR 1.1
On ATR Bands (fastest, but fewer options) that would be 12 3 4 10 1.1 0.

AT the slower band, I like to hear, what you think looks best to take profit there for example as described earlier here.

You should not try to copy me, there are many options and I just found out about the newer atr band indicators I posted.
GBPUSD 30 min from today with atr bands.mq4. Breakouts out of thick band makes most profit, but you should enter by stop buy not too early.

EURUSD 5 min, support and resistance lines in yellow are a kind of art, no best way there either, but they are more important than trendlines.

hello, friend 4you,

tried with your averages mtf atr bands indicator, but was not able to form templet as is seen in your image.

so thaught of preparing random sample templet on which you can do modifications.

here attaching sample templet.

now you can modify this templet as per your settings and upload it. or if you wish you can post your own templet.

i think your settings of atr has generated enough of aura of curiosity for me and for other members of forexfactory, that is why i have uploaded templet for your easy modification.

hope this will make it easy for you to change settings.

looking forward to see your edited new templet.


thanks.

NOTE- THIS TEMPLET WILL WORK WITH INDICATORS-Downloads subdirectory link.

Ok, copy the posted indicators and ! ATR Bands 2 best.ex4 above to Downloads folder
MQL4/indicators/Downloads/
and NEW template to templates-folder.
I just changed the red dotted averages bands and firebrick bands of ! ATR Bands 2 best.ex4.
You can use the other bands indicators similar, linear weighted ma 12 on weighted close ATR 11 KATR 1.1
On ATR Bands (fastest, but fewer options) that is 12 3 4 10 1.1 0.
You can drag and drop "! ATR Bands 2 best.ex4" from mt4 navigator to any chart, I implemented the colors and values I used as tight bands. I did not change the averages white bands. Now you can experiment on the white bands, that the bands are never tighter than any following bar lows within the trend as sl.
My picture would look similar to yours.
Show us your settings of a much slower and wider band that fits also pullbacks so that we can ride longer trends.

here is the image that i get after loading your templet,

hope this is the same image as you are seeing on your chart.

! ATR Bands 2 best.ex4 is missing, drag and drop it to chart, if you hadn't it in downloads, otherwise the same.