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4 hr trading system

  • #1
  • First Post: Aug 17, 2018 1:07am Aug 17, 2018 1:07am
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 | 1,393 downloads
File Type: mq4 HMA v3_email.mq4   6 KB | 1,527 downloads
File Type: ex4 The Dynasty Trader MT4 Indicator.ex4   8 KB | 1,458 downloads
File Type: mq4 The Dynasty Trader MT4 Indicator.mq4   2 KB | 1,675 downloads
Barryvdw
  • #2
  • Aug 17, 2018 1:58am Aug 17, 2018 1:58am
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
  • #3
  • Aug 17, 2018 2:56am Aug 17, 2018 2:56am
What settings do you use on HMA indi?
  • #4
  • Aug 17, 2018 3:13am Aug 17, 2018 3:13am
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
  • #5
  • Aug 17, 2018 3:49am Aug 17, 2018 3:49am
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.
  • #6
  • Aug 17, 2018 7:09am Aug 17, 2018 7:09am
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
  • #7
  • Aug 17, 2018 8:07am Aug 17, 2018 8:07am
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
  • #8
  • Aug 17, 2018 8:51am Aug 17, 2018 8:51am
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
  • #9
  • Aug 17, 2018 9:11pm Aug 17, 2018 9:11pm
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.
  • #10
  • Aug 17, 2018 9:32pm Aug 17, 2018 9:32pm
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!
  • #11
  • Aug 18, 2018 2:51am Aug 18, 2018 2:51am
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.
  • #12
  • Aug 18, 2018 4:07am Aug 18, 2018 4:07am
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....
  • #13
  • Aug 18, 2018 5:39am Aug 18, 2018 5:39am
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.
  • #14
  • Edited 12:32pm Aug 18, 2018 10:48am | Edited 12:32pm
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
  • #15
  • Aug 18, 2018 9:50pm Aug 18, 2018 9:50pm
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 !!!
  • #16
  • Aug 19, 2018 4:08pm Aug 19, 2018 4:08pm
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
  • #17
  • Aug 19, 2018 4:10pm Aug 19, 2018 4:10pm
my target range is between 20-30 points, and out
  • #18
  • Aug 23, 2018 12:54pm Aug 23, 2018 12:54pm
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.
  • #19
  • Edited 3:38pm Aug 23, 2018 3:16pm | Edited 3:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30 pp.png Size: 95 KB


these are all my trades added together, from today
  • #20
  • Aug 23, 2018 3:57pm Aug 23, 2018 3:57pm
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
Fake it till you make it
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