Auto Support-Resistance Levels Trading | Forex Factory

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Auto Support-Resistance Levels Trading

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  • #1
  • First Post: Edited Aug 30, 2019 1:49am Mar 9, 2018 12:35pm | Edited Aug 30, 2019 1:49am
I have a lot of experience in Forex. I combined these experiences in an indicator. I called it 'The Grand Forecaster'.

I would like to share my 1-month trial period with this indicator. If it works successfully, I'm thinking of selling it at a reasonable price.

What the indicator does is basically to create a point of support and resistance by analysing a pair in 4 hour periods. This indicator makes forecast and proposal for buy and sell of a pair.

The decision to buy and sell at these levels is up to you. You should pay attention to the news events when making this decision.
  • #2
  • Mar 9, 2018 12:37pm Mar 9, 2018 12:37pm
Some examples.
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  • #3
  • Mar 9, 2018 12:37pm Mar 9, 2018 12:37pm
Another example.
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  • #4
  • Mar 9, 2018 12:38pm Mar 9, 2018 12:38pm
CFD example.
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  • #5
  • Mar 9, 2018 1:08pm Mar 9, 2018 1:08pm
My latest ongoing trade.
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  • #6
  • Mar 10, 2018 7:17am Mar 10, 2018 7:17am
Hi TheBestMA

bevor refresh
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after refresh
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  • #7
  • Mar 10, 2018 11:26pm Mar 10, 2018 11:26pm
Quoting eurix
Hi TheBestMA bevor refresh {image} after refresh {image}
I couldnt understand your problem. Refresh what? You mean repaint?
  • #8
  • Edited 8:04am Mar 11, 2018 7:43am | Edited 8:04am
Quoting TheBestMA
{quote} I couldnt understand your problem. Refresh what? You mean repaint?
No Problem for me.
Maybe its something wrong in the Code? You can not make visual Backtest on Chart. Its only possible in the Strategytester, without refreshing.
I think especially beginners should know that.
  • #9
  • Mar 11, 2018 9:50am Mar 11, 2018 9:50am
Quoting eurix
{quote} No Problem for me. Maybe its something wrong in the Code? You can not make visual Backtest on Chart. Its only possible in the Strategytester, without refreshing. I think especially beginners should know that.
This is not an EA, so yo can not make any visual backtest, as you said, with strategy tester or simulator you can test the system.
  • #10
  • Mar 11, 2018 10:49am Mar 11, 2018 10:49am
You see that I am already registered here since 2011 and I trade since 2008. So I know that this is not an EA. In my 10 trading years I have already seen and tried hundreds of strategies, EA's, indicators and scripts.
With a visual backtest, I meant to drag the indicator onto the chart and then scroll back to make a visual backtest. This is not possible with this indicator, because when he is freshly drawn to the chart he looks different from when he was on the chart from the beginning. But if you drag the indicator onto a chart in the strategy tester, run the strategy tester, and then scroll back, you can do a visual backtest of the entries and exits.
A visual backtest is one of old days when you did not have a strategy tester yet. This has nothing to do with an EA
I hope you understand now what I mean.
Sorry for my english, its not the best.
  • #11
  • Mar 11, 2018 11:41am Mar 11, 2018 11:41am
Quoting eurix
You see that I am already registered here since 2011 and I trade since 2008. So I know that this is not an EA. In my 10 trading years I have already seen and tried hundreds of strategies, EA's, indicators and scripts. With a visual backtest, I meant to drag the indicator onto the chart and then scroll back to make a visual backtest. This is not possible with this indicator, because when he is freshly drawn to the chart he looks different from when he was on the chart from the beginning. But if you drag the indicator onto a chart in the strategy...
Your english is very good, i got your point. thank you eurix.
  • #12
  • Mar 12, 2018 12:44am Mar 12, 2018 12:44am
EurUsd sell setup, lets start the week.
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  • #13
  • Mar 12, 2018 12:47am Mar 12, 2018 12:47am
NzdUsd sell setup, I'm in.
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  • #14
  • Mar 12, 2018 10:12am Mar 12, 2018 10:12am
eurusd sl with +5 pips
nzdusd tp with +25 pips
  • #15
  • Mar 12, 2018 2:50pm Mar 12, 2018 2:50pm
eurusd sel setup again
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  • #16
  • Mar 12, 2018 10:46pm Mar 12, 2018 10:46pm
nzdusd sell setup again
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  • #17
  • Mar 13, 2018 2:27am Mar 13, 2018 2:27am
Sell Limit AudJpy
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  • #18
  • Mar 13, 2018 11:46am Mar 13, 2018 11:46am
eurusd -5 pips sl
nzdusd - 25 pips sl
audjpy +40 pips tp
  • #19
  • Mar 13, 2018 7:49pm Mar 13, 2018 7:49pm
Hi TheBestMA,

Thank you very much for this brilliant template! Would you mind telling me that what is the name of the blue/red arrow indicator? How are they calculated?

Wish you a lot of green pips!

Neo
  • #20
  • Mar 13, 2018 9:56pm Mar 13, 2018 9:56pm
Quoting neothegreat
Hi TheBestMA, Thank you very much for this brilliant template! Would you mind telling me that what is the name of the blue/red arrow indicator? How are they calculated? Wish you a lot of green pips! Neo
It is ma bands. It calculates the price reversals with bollinger bands synthesized moving averages.
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