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(binned per thread starter's request) Schaff Trend Cycle

  • #1
  • First Post: Edited Nov 9, 2017 10:11pm Oct 30, 2017 5:53am | Edited Nov 9, 2017 10:11pm
Special Thanks to Mladen who is the author of this particular indicator. https://www.forexfactory.com/mladen

I've posted multiple ways you can trade this indicator. This is not a system thread. You can trade it anyway you want. Read further and you will find more ways to trade the indicator.

IF THE INDICATOR DOES NOT APPEAR ON YOUR CHART:
- Open the file for modifying (right click on the file in the indicators list and chose modify),
- click on the code( where there are letters and numbers etc), type in the following (without the "") "// 012345",
- hit F7 or press the compile button,
- delete the "//012345" part,
- hit the F7 or compile button again,
- go back to your navigator, right click and select refresh. This should work.

If it does not, do that same thing again and the chances are that it will work.
There is nothing in the code that needs to be changed (hence the reverting of the mq4 file to original state) since it is not an issue of the code but a build 1090 bug

It would also help if you watched this video. You don't have to but it's helped me a lot in trading --> https://www.youtube.com/watch?v=D2s3EjyCHps
Attached File(s)
File Type: mq4 Schaff_Trend_Cycle_-_adjustable_smoothing.mq4   7 KB | 4,904 downloads
File Type: tpl Schaff Trend Cycle.tpl   4 KB | 3,451 downloads
  • #2
  • Edited 6:36am Oct 30, 2017 6:09am | Edited 6:36am
The dotted line is the signal line.

The solid line is the main trend.

Do not trade against the main trend unless the two lines intersect.

Once you're in a trade that is signalled off the main trend line, then you can add to your position when the signal line is the same color of the main trend.

Pay attention to the arrows and the boxes in the attachment below.

1. You can place a trade when the signal line crosses the main trend; or

2. You can place a trade in the direction of the main trend; or

3. wait until overbought or oversold, draw a trend line, wait for price to break that trend line. This is best used on a 4hour chart because there are too many possibilities for drawing trend lines on the 1 hour chart.

You can trade all 3 three of these conditions or find which one works for you.

Remember no strategy is perfect. Try demo first, keep your losses to a minimum by using a stop loss and stick to the rules.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-30 at 7.04.57 pm.png Size: 55 KB
  • #3
  • Oct 30, 2017 7:47am Oct 30, 2017 7:47am
An example of adding to your position.

In the attachment below we can see the main trend is bearish, we don't buy against the main trend, we add to our position every time the signal line trend shows a sell.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-30 at 8.44.06 pm.png Size: 58 KB
  • #4
  • Oct 30, 2017 7:52am Oct 30, 2017 7:52am
I uploaded the template and indicator as directed to in above post but the signal line in not present, and when I look at the list of indicators on the chart it list the Schaff indicator twice on the chart..please help
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 107 KB
  • #5
  • Oct 30, 2017 7:54am Oct 30, 2017 7:54am
Hi
Thanks for sharing but don't work for me in FXCM or Global Prime
Don't know why ...

jf
  • #6
  • Oct 30, 2017 8:00am Oct 30, 2017 8:00am
Since the indy is a virtual clone of price, it appears to be a repainter.
  • #7
  • Oct 30, 2017 8:01am Oct 30, 2017 8:01am
Quoting ChicagoRob
Since the indy is a virtual clone of price, it appears to be a repainter.
Wait for candle close.

Quoting le celte
Hi Thanks for sharing but don't work for me in FXCM or Global Prime Don't know why ... jf
Please see first post.

Quoting Akolva1
I uploaded the template and indicator as directed to in above post but the signal line in not present, and when I look at the list of indicators on the chart it list the Schaff indicator twice on the chart..please help {image}

Click on 1hour chart.
  • #8
  • Oct 30, 2017 8:07am Oct 30, 2017 8:07am
Quoting le celte
Hi Thanks for sharing but don't work for me in FXCM or Global Prime Don't know why ... jf
yes not working indicator window blank
  • #9
  • Oct 30, 2017 8:08am Oct 30, 2017 8:08am
Quoting Mani82
{quote} yes not working indicator window blank

Please read the first post.
  • #10
  • Oct 30, 2017 8:31am Oct 30, 2017 8:31am
this is what my indicator window looks like each time i try to attach the indicator...what am i doing wrong
Attached Image (click to enlarge)
Click to Enlarge Name: nkjkj.PNG Size: 7 KB
cut your losses short and let your profit run
  • #11
  • Oct 30, 2017 8:31am Oct 30, 2017 8:31am
Quoting rvanscho
{quote} Please read the first post.
Its working now thank you
  • #12
  • Oct 30, 2017 8:34am Oct 30, 2017 8:34am
Quoting bleeze
this is what my indicator window looks like each time i try to attach the indicator...what am i doing wrong {image}

Your problem is not reading lol.

See first post
  • #13
  • Oct 30, 2017 8:35am Oct 30, 2017 8:35am
Quoting bleeze
this is what my indicator window looks like each time i try to attach the indicator...what am i doing wrong {image}
Read first post:
Quote
If the indicator does not load then do this:

To fix : edit the code - change anything (random change will do) - compile the code - undo the change you did (reverting to the original code) - compile again. It will display
Here is the usual way how it is done :
Open the file for modifying (right click on the file in the indicators list and chose modify), type in the following (without the "") "// 012345", hit F7 or press the compile button, delete the "//012345" part, hit the F7 or compile button again, and it will work. If it does not, do that same...
Stay hungry to be free...
  • #14
  • Oct 30, 2017 8:41am Oct 30, 2017 8:41am
Quoting rvanscho
{quote} Your problem is not reading lol. See first post
  • #15
  • Oct 30, 2017 8:41am Oct 30, 2017 8:41am
Quoting rvanscho
{quote} Your problem is not reading lol. See first post
works fine now....sorry for that..lol

what time frame combination do you look at? i.e what timeframe is your trend timeframe and what time frame is ur signal timeframe
cut your losses short and let your profit run
  • #16
  • Oct 30, 2017 8:43am Oct 30, 2017 8:43am
Quoting bleeze
{quote} works fine now....sorry for that..lol what time frame combination do you look at? i.e what timeframe is your trend timeframe and what time frame is ur signal timeframe

No problem

The signal is already at 1hour and the main trend is at 4hour. So just keep your chart on the 1hour to see both oscillators work together. You can also just trade the main trend 4hour if you want.
  • #17
  • Oct 30, 2017 8:50am Oct 30, 2017 8:50am
Quoting rvanscho
{quote} Wait for candle close. {quote} Please see first post. {quote} Click on 1hour chart.
Ok thanks will try when I get back to my pc.
  • #18
  • Oct 30, 2017 8:56am Oct 30, 2017 8:56am
Quoting rvanscho
{quote} No problem The signal is already at 1hour and the main trend is at 4hour. So just keep your chart on the 1hour to see both oscillators work together. You can also just trade the main trend 4hour if you want.
i would suggest 30mins or 15mins timeframe for signal
cut your losses short and let your profit run
  • #19
  • Oct 30, 2017 5:39pm Oct 30, 2017 5:39pm
Quoting ChicagoRob
Since the indy is a virtual clone of price, it appears to be a repainter.
ChicagoRob

The indicator is non-repainting. However when you are using a H4/H1 or any other timeframe combinations, the higher timeframe will always "calculate" until that timeframe ends (every 4 hours in this case). Its really no different than the H1 indicator "calculating" until the hourly timeframe ends. So both indicators are doing their job as designed and neither repaint.
  • #20
  • Oct 30, 2017 9:57pm Oct 30, 2017 9:57pm
If the signal line crosses the main trend line but price does not move enough, re enter in the direction of the main trend. See attachment below.

Every time I enter a trade that involves the signal line crossing the main trend line, I watch price to see how it moves. This is a way of cutting your losses. Be very vigilant and sharp when making these trades. The markets are ruthless so be on your A game every day.
Attached Image
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