omega trading

Hi, I want to introduce a system that I recently put together. I dont have extensive backtest results. I only looked at it manually. And I took a few live trades that worked.

indicators: xlv4 moving average, omega trend indi, RSI color, Fast scalping theng.

Pairs: any
tf: 1hr
buy: 1- wait for Fast scalping theng to signal up.
2- wait for xlv4 moving average to turn blue(if it was already blue thats fine too)
3- wait for omega trend to give signal buy ( if it was already buy thats fine too)
4- wait for RSI to give blue or red color(it does not matter the color as long as we have a color)
note: RSI either blue or red color is our entry . No trade until we have a signal from RSI. It keeps us away from bad trades.
SL: previous low
TP: 1:1 rr (so if sl is 50 pips tp is 50 pips)

From chart below you can see Audjpy recently signaled up, RSI gave red color signal after 1hr so I entered trade up. My sl=60pips TP=60

Are these working indicators???

did you download and try?

I did, Non of them worked.

2018.09.11 18:32:11.269 cannot load 'C:\Users\Äìèòðèé\AppData\Roaming\MetaQuotes\Terminal\39716EE837E13E24F2AF440CBEB60FC8\MQL4\indicators\Omega\RSI Color.ex4'
2018.09.11 18:31:52.269 cannot load 'C:\Users\Äìèòðèé\AppData\Roaming\MetaQuotes\Terminal\39716EE837E13E24F2AF440CBEB60FC8\MQL4\indicators\Omega\XLV4 Moving Average Color.ex4'
2018.09.11 18:31:44.619 cannot load 'C:\Users\Äìèòðèé\AppData\Roaming\MetaQuotes\Terminal\39716EE837E13E24F2AF440CBEB60FC8\MQL4\indicators\Omega\Fast Scalping Th3Eng.ex4'
2018.09.11 18:31:52.269 cannot load 'C:\Users\Äìèòðèé\AppData\Roaming\MetaQuotes\Terminal\39716EE837E13E24F2AF440CBEB60FC8\MQL4\indicators\Omega\XLV4 Moving Average Color.ex4'
maybe You try re-uploud files?

Metatrader is saying to you that you have to create a folder with the name Omega with the indicators of this system and put inside the indicators folder.

Hi i was at work so i couldnt answer.
Search the "market" at your mt4 for each indi. Thats where i got them from.

Audjpy trade hasnt moved. Only 2 pips
I entered eurcad sell late. I missed a good trade. Cady, usdjpy longs are in good state
All the indis have alerts except rsi color. If anyone can find similar rsi indi with alert pls post it here.

I want to improve this system but first i have to test it out the way it is. In order to do that i need alerts so i can trade from work. I want to compare losing trades with winners so i can add more filters.

Ok everyone here is what you do to get all the indicators.

look at the mt4 chart i'm posting.


You have to click the terminal button at the top or ctrl+t. than select "market" from the bottom menu. than from market select indicators and free, and than search for the indicators by name at the search box and when you find it just click download and it will automatically show up at the market folder in the indicators folder.

Ok, so I looked at the system a little more to find the losing trades. I decided to add another filter. All these filters will limit the amount of signals but its ok.

So new filter is check out the 4hr tf first and make sure the "fast scalping th3eng" indicator is aligned with our direction.

For example if we have a signal for buy on the 1hr tf check and make sure the "fast scalping th3eng" indicator is above the 0 line"

Other filters that come to my mind are timing and news, I enter my trades around the asian time because i'm from ny so i have to goto sleep. And I dont have time to check before london open. But I will have time to check before new york open , I will be at work but I need rsi alert . As far as news is concerned its up to you, sometimes it helps our trades buy going to tp faster.

anyway , i will post signals when or if I get them.

here is a buy trade for cadchf we couldve entered 3 bars back at .7419 but . we need alerts

now its at .7448 our sl 52 pips(latest low) our tp 52 pips

4hr tf "fast scalping" recently turned up so all good.

How much money have you made from this new system ?

Here is another trade.

Eurjpy long.

This one is not fresh because the 1hr turned up awhile ago but 4hr turned up 1 bar ago so we are only about 18 pips late.

go long at 129.51 our sl is 80 pips tp 80 pips

chfjpy just turned up on the 4hr
the 1 hr was already up and rsi was red (now most of the time this red is overbought and a sell signal but not with our system. rsi can stay overbought and oversold for long periods of time)

trade is long sl=71 tp =71

This quote is from post #1

"Hi, I want to introduce a system that I recently put together. I dont have extensive backtest results. I only looked at it manually. And I took a few live trades that worked."

I closed audjpy trade before it hit tp yesterday i went long at 79.23 today i closed at 79.42 the pair really didnt move much at all so when i saw new trade oppurtunity i closed with profit and directed the funds to new trades.
I will do this if a trade takes so long.

Potential trade oppurtunities.

Usdchf long at the moment 4hr "fast scalping" indi is already above 0

1hr is below 0 and other indis are sell.
So we wait for 1hr to give us a long signal.

recently we have

usdchf 1hr crossed up 4 hr was up

gbpusd crossed up 4 hr was up

eurchf crossed up 4hr was up


so we are waiting for rsi to go overbought or over sold to enter buy trades..

our sl below latest low tp= sl.

update on trades;

cadchf up 7 pips

eurjpy down -29 pips (our sl is still inplace)