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The perfect combination (lets all profit from forex)

  • #1
  • First Post: Dec 27, 2018 1:48pm Dec 27, 2018 1:48pm
Hello TRADERS, my name is Pi14, I've joined forex in 2015 and been working on finding the perfect combination of indicators that will possibly be close to a HOLY GRAIL, (MOST OF US TRIED THIS AT SOME POINT WHEN WE CAME TO KNOW ABOUT INDICATORS AND EXPERT ADVISERS). This is a really painful path I ever took on forex and really never came up with some combination that was consistent, I would only win two or three in a row and then blow my whole REAL/DEMO account (this might start to sound familiar :-D ). THIS IS SOO EXHAUSTING!!!

So this thread is intended to come up with almost a good combination will be consistent, it's true when they said two brains are better than one. so we will be working on a system for all of us by posting suggestions and indicators and also entry and exits...

HERE I HAVE A START OF A SYSTEM THAT CAN BE MODIFIED TO BE MORE ACCURATE, THE PROBLEM IS THE SECOND INDICATOr, THAT IS SUPPOSE TO GIVE ENTRIES AND EXITS(MEGA FX PROFIT) THIS INDICATOR REPAINTS, OTHERWISE, THIS IS A REALLY GOOD SYSTEM. SO ANYONE WITH A NON-REPAINTING INDICATOR THAT COULD BE USED FOR ENTRY/EXITS OR EVEN A SYSTEM THAT NEEDS SOME MODIFICATIONS TO MAKE IT GOOD CAN POST.


HERE IS MY CURRENT SYSTEM: TOGETHER WE CAN FIND THE PERFECT COMBINATION !!!
Attached Image (click to enlarge)
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  • #2
  • Dec 27, 2018 2:40pm Dec 27, 2018 2:40pm
I am too very interested in finding a solid indicator based system, so I will kick things off and upload a system I have been developing, any solid criticism or recommendations welcome. I do personally feel its important that we dont go Holy Grail hunting however. A trading Holy Grail never existed and never will, but if we can develop a system with a high degree of accuracy given the right market conditions, this coupled with good money management is as close to a "Holy Grail" as there can be. I will attach all files to this post.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-12-27 at 20.33.01.png Size: 203 KB


p.s let me know if the system looks like the screen shot, I double checked all the indicators used have been uploaded, but let me know if I missed something.
Attached File(s)
File Type: zip CCI S&R Dynamic Channel System.zip   297 KB | 1,535 downloads
Nothing in life is to be feared, it is only to be understood.
  • #3
  • Dec 27, 2018 3:02pm Dec 27, 2018 3:02pm
I will explain in a bit more detail how this system is intended to be used.

1. Trending Market - Only look to Sell if the 200MA is well above price and the TMA bands (TMA bands also clearly sloping downward), only look to buy if the 200MA is well bellow price and TMA bands (TMA bands also clearly sloping upward).

2. Ranging market - If TMA bands are flat and moving sideways with the 200MA moving sideways through price and the TMA bands, look for buy and sell trades.

3. Entry :- After deciding if market is trending or ranging...

Buy: Look for the CCI indicator to be oversold, price should be clearly within the bottom TMA Bands, wait for the buy arrow from the Support and Resistance Breakout Arrows indicator.

Sell: Look for the CCI indicator to be overbought, price should be clearly within the top TMA Bands, wait for the sell arrow from the Support and Resistance Breakout Arrows indicator
Nothing in life is to be feared, it is only to be understood.
  • #4
  • Dec 27, 2018 3:50pm Dec 27, 2018 3:50pm
Quoting matthew89
I am too very interested in finding a solid indicator based system, so I will kick things off and upload a system I have been developing, any solid criticism or recommendations welcome. I do personally feel its important that we dont go Holy Grail hunting however. A trading Holy Grail never existed and never will, but if we can develop a system with a high degree of accuracy given the right market conditions, this coupled with good money management is as close to a "Holy Grail" as there can be. I will attach all files to this post. {image} p.s let...
TRUE MAN, WE CAN NEVER GO HOLY GRAIL, THAt IS A REALLY NICE SYSTEM, WE CAN ALSO TRY TO ADD HEIKEN ASHI CANDLES AND RSX SO IT IS MORE SMOOTHER.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 229 KB
Attached File(s)
File Type: mq4 rsx_nrp.mq4   4 KB | 513 downloads
  • #5
  • Dec 27, 2018 5:41pm Dec 27, 2018 5:41pm
i think the only non repaint standard indicator in mt4 is parabolic sar.
LUCKY golden trades, LUCKY gold investor trading style
  • #6
  • Dec 27, 2018 9:19pm Dec 27, 2018 9:19pm
Actually, the best thing you can do is to stop using indicators completely....
  • #7
  • Dec 27, 2018 9:31pm Dec 27, 2018 9:31pm
actually cycle identifier is one of the most chaotic indicator out there.
Humble & Kalcker CLO2 = Covid killer
  • #8
  • Dec 27, 2018 9:34pm Dec 27, 2018 9:34pm
Quoting Acs_112
Actually, the best thing you can do is to stop using indicators completely....
I agree on this...

If you want to profit from Forex, Stop using indicators instead study price action coz that will give you a realtime advantage on how the market is moving and just use plain support and resistance zones with pivots should give you an edge...

And most importantly, the golden rule, risk 1% only per trade..
We're not here to be right, we're here to Profit Consistently!
  • #9
  • Dec 28, 2018 12:53am Dec 28, 2018 12:53am
Quoting ranilo.vince
{quote} I agree on this... If you want to profit from Forex, Stop using indicators instead study price action coz that will give you a realtime advantage on how the market is moving and just use plain support and resistance zones with pivots should give you an edge... And most importantly, the golden rule, risk 1% only per trade..
I do not agree with risking 1% of your account yea its standared but if u want to increase your account equity u gotta gamble risking 1% per trade is very bad idea for swing traders to increase account equity unless you have 100 thousand or million.If your risking 1% per trade then u might still unconciously looking for that risk free money which isnt there this is forex. I believe That 1 good trade should be enough for you to get through month . Yes you do not need to risk your money everyday just take high probability setup and x4 risk reward. Move your sl to be as soon as it moves x1 in your favour. Do not put high hopes in one trade just remember u will have lots of winning trade even if this one fails. Main thing is to have faith in yourself and your system cause even if it fails risk/ reward will make it harder for you to lose your money.

(As a swing trader)
  • #10
  • Dec 28, 2018 1:11am Dec 28, 2018 1:11am
ranilo.vince.

You are 100% correct, get rid of all indicators and use only price action. I too also only risk 1% but I do scale into a trade when it becomes profitable. That means I only risk 1% but my potential profit could be much higher.
  • #11
  • Dec 28, 2018 1:27am Dec 28, 2018 1:27am
Quoting Acs_112
Actually, the best thing you can do is to stop using indicators completely....
@Acs_112 -- so, if I understand you correctly, then you trade simply by watching the raw tick data -- is that correct?

The reason I ask is because -- as you know -- bars and candles are also indicators. There is no such thing as bar or candle data -- they are artificial constructs. All price data arrives in the form of tick data (bid, ask, timestamp). Your trading platform (e.g. MT4) condenses tick data into bars so you can see a larger time course on your monitor. Massaging tick data into bars is no different than massaging bars into moving averages. It is all done for our viewing pleasure -- with the trade-off being that information is lost along the way.

I wouldn't be so negative about the use of indicators -- we all use them to some degree, just some more than others...
  • #12
  • Dec 28, 2018 3:40am Dec 28, 2018 3:40am
Quoting pi14
Hello TRADERS, my name is Pi14, I've joined forex in 2015 and been working on finding the perfect combination of indicators that will possibly be close to a HOLY GRAIL, (MOST OF US TRIED THIS AT SOME POINT WHEN WE CAME TO KNOW ABOUT INDICATORS AND EXPERT ADVISERS). This is a really painful path I ever took on forex and really never came up with some combination that was consistent, I would only win two or three in a row and then blow my whole REAL/DEMO account (this might start to sound familiar :-D ). THIS IS SOO EXHAUSTING!!! So this thread is...
Hi pi14,
Am trying to follow your system but you have not attached your indicators. The Cycle Identifier and the MegaFXProfit indicators.
Can you please post them.
Thanks for your effort.
Best regards,
Rapzy
  • #13
  • Dec 28, 2018 5:41am Dec 28, 2018 5:41am
Quoting ranilo.vince
{quote} I agree on this... If you want to profit from Forex, Stop using indicators instead study price action coz that will give you a realtime advantage on how the market is moving and just use plain support and resistance zones with pivots should give you an edge... And most importantly, the golden rule, risk 1% only per trade..
What price action patterns/setups do you look for?
Nothing in life is to be feared, it is only to be understood.
  • #14
  • Dec 28, 2018 5:47am Dec 28, 2018 5:47am
Even though I did post my indicator based system I have been developing, I would be very happy to develop with the help of people on this thread a solid Price Action based system, ideally with price action indicators that show on chart the particular patterns we are looking for (i.e pin bars, head and shoulder patterns, engulfing bars etc). If you can read the charts naked then thats amazing, I still feel I need a visual aid to help pinpoint certain patterns.

Anyone have a pure price action system they would be happy to share or discuss?
Nothing in life is to be feared, it is only to be understood.
  • #15
  • Dec 28, 2018 5:53am Dec 28, 2018 5:53am
MEGA PROFIT indicator shitty indicator.. it's based on fisher or stoch i think.. it uses histogram.. dont use that indi..
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #16
  • Dec 28, 2018 6:16am Dec 28, 2018 6:16am
Quoting vijiragavan
MEGA PROFIT indicator shitty indicator.. it's based on fisher or stoch i think.. it uses histogram.. dont use that indi..
Yeah, MEGAPROFIT repaints badly, and is effectively useless
Nothing in life is to be feared, it is only to be understood.
  • #17
  • Dec 28, 2018 7:15am Dec 28, 2018 7:15am
Quoting pi14
Hello TRADERS, my name is Pi14, I've joined forex in 2015 and been working on finding the perfect combination of indicators that will possibly be close to a HOLY GRAIL, (MOST OF US TRIED THIS AT SOME POINT WHEN WE CAME TO KNOW ABOUT INDICATORS AND EXPERT ADVISERS). This is a really painful path I ever took on forex and really never came up with some combination that was consistent, I would only win two or three in a row and then blow my whole REAL/DEMO account (this might start to sound familiar :-D ). THIS IS SOO EXHAUSTING!!! So this thread is...
For me better (not perfect) combination means: Price Action+ Support resistant+ EMA20; I follow this strategy in all of my trading pairs.
  • #18
  • Dec 28, 2018 9:03am Dec 28, 2018 9:03am
Quoting pi14
Hello TRADERS, my name is Pi14, I've joined forex in 2015 and been working on finding the perfect combination of indicators that will possibly be close to a HOLY GRAIL, (MOST OF US TRIED THIS AT SOME POINT WHEN WE CAME TO KNOW ABOUT INDICATORS AND EXPERT ADVISERS). This is a really painful path I ever took on forex and really never came up with some combination that was consistent, I would only win two or three in a row and then blow my whole REAL/DEMO account (this might start to sound familiar :-D ). THIS IS SOO EXHAUSTING!!! So this thread is...

Hi Pi14 , in many years here on this forum, I have often seen projects like yours.
Anyway, I like your enthusiasm and I wish you and your fellow traders good luck.
Finding the perfect combination of indicators is a bit like inventing the light bulb.

In this regard, Edison said :
" I have not failed 1,000 times. I have successfully discovered 1,000 ways to NOT make a light bulb.
When I have eliminated the ways that will not work, I will find the way that will work. "
  • #19
  • Edited 12:15pm Dec 28, 2018 11:45am | Edited 12:15pm
Nice Thread, Thank You..
My Main indicator, higher TF candlesticks charts (H4, D1) and I do scalp on lower TF (M5, M15) in higher TF direction, and I only trade on EURUSD/USDCHF pairs because of their negative correlation could also use as trend indication.
Dog + Smile = Beautiful Day
  • #20
  • Dec 28, 2018 12:42pm Dec 28, 2018 12:42pm
Hi guys, here is another possible attempt at a system that could be developed further using harmonic patterns. What im about to upload in my opinion does not have a solid entry method after the harmonic pattern has formed (since harmonic patterns re-calculate and cant be arbitrarily taken as a trade when the pattern forms). But this is open to interpretation and what people feel is a good way of confirming a harmonic pattern signal when it occurs. Im all ears...

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-12-28 at 18.28.19.png Size: 219 KB
Attached File(s)
File Type: zip Harmonic Pattern System.zip   470 KB | 760 downloads
Nothing in life is to be feared, it is only to be understood.
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