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Attachments: 4 hr trading system
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4 hr trading system

  • Post #1
  • Quote
  • First Post: Aug 17, 2018 2:07am Aug 17, 2018 2:07am
Please peruse and test the attached system and comment on your results please.
Entry: Arrow first, then colour change: enter
Exit" Arrow appears, or colour change, after which you can decide if you want to exit or wait for the arrow to appear.
SL and TP as per screenshot

Please let me know your results and comments on how to improve this simple system. ENJOY!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenShot_20180817074642 USD CAD for illustration.png Size: 145 KB
Click to Enlarge Name: ScreenShot_20180817074754 USD CNH for illustration.png Size: 125 KB
Attached File(s)
File Type: ex4 HMA v3_email.ex4   8 KB | 1,081 downloads
File Type: mq4 HMA v3_email.mq4   6 KB | 1,202 downloads
File Type: ex4 The Dynasty Trader MT4 Indicator.ex4   8 KB | 1,106 downloads
File Type: mq4 The Dynasty Trader MT4 Indicator.mq4   2 KB | 1,285 downloads
Barryvdw
Quoting barryvdw
Please peruse and test the attached system and comment on your results please. Entry: Arrow first, then colour change: enter Exit" Arrow appears, or colour change, after which you can decide if you want to exit or wait for the arrow to appear. SL and TP as per screenshot Please let me know your results and comments on how to improve this simple system. ENJOY! {file} {file} {file} {file} {image} {image}

Hi,

Have closed all my trades for the week - EUR/USD, GBP/USD and GBP/JPY. Its Friday already. Looks promising. Have you tested it for long? Does it repaint? Will start applying on Monday
What settings do you use on HMA indi?
Hi Barry,

Welcome.....subscribed to your thread, watching with interest, good luck broer!!

My wife is from your area...........Stanga.......

How profitable is your system........been using it long?

Regards,
Phil1234
This story is old like a world. An channel with arrows repaints like a crazy. With range market you can make money, but with trend you will get loss by loss.
Rajandas:The only thing that does not repaint is the S+R. But the HMA setting at 13 gives you an idea when it reaches turning point. If it turns back again against your first entry, look at the next R or S and use multplication levels. 1.5 seems to work ok.

Phil1234: I have not traded it live, but will from month end. On demo 30% pm is not impossible trading 0.01 lots.

Olvus: It does repaint of course except R+S. Yet it gives you a target where to start and where to take profit. To minimize exposure I use the 4 hr TF so you enter later in the main trend. Nothing is perfect especially in Forex, but if you make more than you lose............................
Barryvdw
Quoting barryvdw
Rajandas:The only thing that does not repaint is the S+R. But the HMA setting at 13 gives you an idea when it reaches turning point. If it turns back again against your first entry, look at the next R or S and use multplication levels. 1.5 seems to work ok. Phil1234: I have not traded it live, but will from month end. On demo 30% pm is not impossible trading 0.01 lots. Olvus: It does repaint of course except R+S. Yet it gives you a target where to start and where to take profit. To minimize exposure I use the 4 hr TF so you enter later in the main...
nice summary and well said
Quoting barryvdw
Rajandas:The only thing that does not repaint is the S+R. But the HMA setting at 13 gives you an idea when it reaches turning point. If it turns back again against your first entry, look at the next R or S and use multplication levels. 1.5 seems to work ok. Phil1234: I have not traded it live, but will from month end. On demo 30% pm is not impossible trading 0.01 lots. Olvus: It does repaint of course except R+S. Yet it gives you a target where to start and where to take profit. To minimize exposure I use the 4 hr TF so you enter later in the main...

Hi Barry,

"......look at the next R or S and use multiplication levels. 1.5 seems to work ok" I do not understand this part. Some clarification should help

Thanks
I have added RSI on 9, adjusted to show levels 20/50/80. Also have 5 and 10 EMA. Signal to buy when 5EMA cross above 10EMA, RSI above 50 but below 80 and EA gives buy signal. Opposite is used for short entry. Always be aware of overall trend, I look for continuation trades in direction of overall trend. Will start running on majors next week and update with results. Looks pretty good for now. As always DYOR and customise it to how you trade.
Hi Barry,

It looks promising, yesterday I got 1 SELL signal in USDCAD, and in result, I got 40 pips profit.
Will continue observing.

By the way, which pairs are suitable for this method?

Thanks!
I back test your indicator. It's good indicator. but not ok in trending market. Do you have any idea?
Sorry for my bad english language.
Quoting barryvdw
. Phil1234: I have not traded it live, but will from month end. On demo 30% pm is not impossible trading 0.01 lots. ............................
OK, thanks.

Will keep an eye open....
I also use 4H strategy,i would like to add rsi and 4H HA indicator for more confirmation.this arrow is so amazing,it is non repainting and when it appears in higher time frame,at he same time it appears in lower time frame as well.Please see if you like ,disadvantage of this arrow is it doesn't appear more often.
  • Post #14
  • Quote
  • Edited 1:32pm Aug 18, 2018 11:48am | Edited 1:32pm
Quoting barryvdw
... Please let me know your ... comments on how to improve this simple system. ENJOY!
Hi young man, nice idea…

Here are a few alternative rules for a HighLow system ...
- When reaching a new HighLow, the PriceAction can run in the trend or in the opposite direction
- As signal confirmation you can consider the cross with the HighLow of two bars

- As an entry level you can take 1xATR from this cross,
- entry either directly at the price, or
- restrictive entry for a close over 1xATR, and entry at the next bar at high or low
- TP = 1xATR, SL = 2xATR

- At SL you can stop, or trade in the opposite direction with 1.5 lots more...

- Filters:
- DToscillator (RSI on Stochastic)
- Factor HighLow distance/ATR >5

(A similar EA is under development and may be posted)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 108 KB
GoldenCross Profit This Week: na
Quoting SwingMan
{quote} Hi young man, nice idea… Here are a few alternative rules for a HighLow system ... - When reaching a new HighLow, the PriceAction can run in the trend or in the opposite direction - As signal confirmation you can consider the cross with the HighLow of two bars - As an entry level you can take 1xATR from this cross, - entry either directly at the price, or - restrictive entry for a close over 1xATR, and entry at the next bar at high or low - TP = 1xATR, SL = 2xATR - At SL you can stop, or trade in the opposite direction with 1.5 lots more......
Hi,

Great Great Great !!!
the system can be acted, it comes very close to my system
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 102 KB
my target range is between 20-30 points, and out
Any updates guys using this great system?
I am starting using the system and it works in my demo account.
Ill screenshot and share it with you.
  • Post #19
  • Quote
  • Edited 4:38pm Aug 23, 2018 4:16pm | Edited 4:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30 pp.png Size: 95 KB


these are all my trades added together, from today
Quoting barryvdw
Please peruse and test the attached system and comment on your results please. Entry: Arrow first, then colour change: enter Exit" Arrow appears, or colour change, after which you can decide if you want to exit or wait for the arrow to appear. SL and TP as per screenshot Please let me know your results and comments on how to improve this simple system. ENJOY! {file} {file} {file} {file} {image} {image}

Hi

Thank you for saring the system im trying it

Just One Thing Can You Share The template ,I what you Use HaikenAshi Candle ????

Thanks
M.Monsef
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