(binned per thread starter's request) Schaff Trend Cycle | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MTF Schaff Trend w/ Alerts 27 replies

Need help from a programmer for a multimple Schaff Trend Cycle 0 replies

Can Anybody translate Schaff Trend Cycle Code into Metatrader 2 replies

Where can I download the ADXR and Schaff Trend Cycle indicators? 3 replies

Schaff Indicator 0 replies

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

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

  • #21
  • Oct 30, 2017 10:13pm Oct 30, 2017 10:13pm
Another example: This example is to show the use of trend lines for confirmation. We could've entered at the cross of the signal and main trend (higher risk, higher reward) OR we could've bought at the break of the trend line (circle). You can also merge both conditions of trade for better trade confluence, less risk*.

EURUSD live: Signal line has crossed. I haven't entered yet because of the trend line. Once price breaks the correction then I will sell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-31 at 11.05.26 am.png Size: 47 KB
Click to Enlarge Name: Screen Shot 2017-10-31 at 12.54.05 pm.png Size: 55 KB
  • #22
  • Oct 31, 2017 12:18am Oct 31, 2017 12:18am
Hi Rvanscho,
interesting, can it use on daily chart ?
thanks you
  • #23
  • Oct 31, 2017 12:31am Oct 31, 2017 12:31am
Quoting kennysph
Hi Rvanscho, interesting, can it use on daily chart ? thanks you

You can try. I'd try 4hour signal line with daily as your main trend.
  • #24
  • Edited 1:56am Oct 31, 2017 1:10am | Edited 1:56am
Example (GBPUSD): The signal line has crossed the main trend line. I did not take that trade because the trend line was not broken. Keeping in mind the trend line will save you a lot of pips. If price broke that trend line with an impulsive move, then you would look to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-31 at 2.11.22 pm.png Size: 64 KB
  • #25
  • Oct 31, 2017 4:44am Oct 31, 2017 4:44am
Hello guys, I've followed instructions in first post, but my mt looks like this:

Edit: Problem solved
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 123 KB
  • #26
  • Oct 31, 2017 8:44am Oct 31, 2017 8:44am
GBPAUD trade. I entered based on the main trend. It payed off well.

I missed this UJ trade and a few others.

This system requires alertness and commitment to it (trading in general if you're serious about it). The market moves fast and sometimes its too late to enter.

With this pair, I might re enter if there is a side ways correction and my signal line shows a buy again.

Update on the GU example from above. It shows how important analysing the trend is. Trend is your friend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-31 at 9.40.17 pm.png Size: 58 KB
Click to Enlarge Name: Screen Shot 2017-10-31 at 9.46.24 pm.png Size: 61 KB
Click to Enlarge Name: Screen Shot 2017-10-31 at 9.52.49 pm.png Size: 62 KB
  • #27
  • Oct 31, 2017 10:29am Oct 31, 2017 10:29am
My Strategy Idea for 4H and Daily: (for long for example)
Buying when the trend in Newspaper signals long.
Observe 4H and buy at each end of the reversal and enter in favor of the trend.
The output is given by the change of trend in Journal and all positions are closed.
The image shows the red line for the entry and exit and yellow lines for adding positions.
How do you see it? Is that a good idea?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 87 KB
  • #28
  • Oct 31, 2017 2:24pm Oct 31, 2017 2:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 5 KB
  • #29
  • Oct 31, 2017 2:25pm Oct 31, 2017 2:25pm
what must i do to make the indicator to appear
  • #30
  • Oct 31, 2017 2:26pm Oct 31, 2017 2:26pm
Quoting oluwagbenga
what must i do to make the indicator to appear
The answer is in the original post. step by step.
  • #31
  • Oct 31, 2017 2:45pm Oct 31, 2017 2:45pm
Thanks it has appear on my chart
  • #32
  • Oct 31, 2017 3:33pm Oct 31, 2017 3:33pm
Not to hijack the thread.

I'm not a trader, not even demoing a lot. I'm just the type of guy that opens metatrader to check a chart and play with it a little. Dreaming of big money but not motivated enough to get myself together and read a book about forex.

So I played with some charts for a bit today, changed system so it would be okay to me.

Manual backtest period: 2 months, SL:20 TP:20, Trades: 27 ( SL: 5, TP: 22)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2wgyov4.png Size: 62 KB
Click to Enlarge Name: 23tjma0.png Size: 56 KB
Click to Enlarge Name: t66mq0.png Size: 52 KB
Click to Enlarge Name: 33bzwy9.png Size: 58 KB
  • #33
  • Oct 31, 2017 5:44pm Oct 31, 2017 5:44pm
What ever works for you guys, Im all for!

But please stick to the template theme and indicators please

Quoting Pamago
My Strategy Idea for 4H and Daily: (for long for example) Buying when the trend in Newspaper signals long. Observe 4H and buy at each end of the reversal and enter in favor of the trend. The output is given by the change of trend in Journal and all positions are closed. The image shows the red line for the entry and exit and yellow lines for adding positions. How do you see it? Is that a good idea? {image}

Give me more examples. That is only one example when the market it trending. You have to consider all market conditions.

GBPNZD trade. Trend broken, oscillators crossed. Price moved too fast for me, I could've taken this beautiful trade but I was asleep. Thats the markets for you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-01 at 6.48.58 am.png Size: 57 KB
  • #34
  • Nov 1, 2017 12:19am Nov 1, 2017 12:19am
Quoting Joseph95
Hello guys, I've followed instructions in first post, but my mt looks like this: Edit: Problem solved {image}
Hi how did the problem solved? can you please explain how you got the signal line.
  • #35
  • Nov 1, 2017 12:39am Nov 1, 2017 12:39am
Subs. Thanks and
Regards
  • #36
  • Nov 1, 2017 1:07am Nov 1, 2017 1:07am
Hi Mr. rvanscho can you please help me how to get the signal line. i have tried the mentioned method in the main post but still not working. thankyou.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 45 KB
  • #37
  • Nov 1, 2017 1:15am Nov 1, 2017 1:15am
Quoting bluepower
Hi Mr. rvanscho can you please help me how to get the signal line. i have tried the mentioned method in the main post but still not working. thankyou. {image}
The signal time is what ever timeframe you have on your chart. Click on the 1hr timeframe
  • #38
  • Nov 1, 2017 1:35am Nov 1, 2017 1:35am
Quoting rvanscho
{quote} The signal time is what ever timeframe you have on your chart. Click on the 1hr timeframe
i am talking about the dotted line not showing on my chart sir. please help
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (204)_LI.jpg Size: 525 KB
  • #39
  • Nov 1, 2017 1:36am Nov 1, 2017 1:36am
Quoting rvanscho
{quote} The signal time is what ever timeframe you have on your chart. Click on the 1hr timeframe
Also tried several times following the instructions in post #1 and still doesn't show the dotted line
Pride always comes before destruction.... -Proverbs 16:18
  • #40
  • Nov 1, 2017 1:42am Nov 1, 2017 1:42am
Just put indicator twice in one window?

Then change width and style.
Attached Image
0 traders viewing now