Trend Trading on H4 / D1 Charts | Forex Factory

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Attachments: Trend Trading on H4 / D1 Charts
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Trend Trading on H4 / D1 Charts

  • #1
  • First Post: Edited Aug 8, 2019 5:26am May 12, 2019 6:48am | Edited Aug 8, 2019 5:26am
Hello fellow traders. This is my first thread at FF. I think its about time i break silence of past 10 years. I have been trading Forex for past 10 years. I have been a member of most of Forex forums. Tried hundreds of commercial and free EAs, indicators and trading systems. I have done basket trading, dashboard trading and what not. I have been learning, trading all along. Finally i have come to conclusion that Forex is all about MM. Trading less than H4 is disastrous. I have managed to save a mini live account in last 3 years by trading on D1 charts only on selected pairs. I want to share my trading strategy with you all and further improve it through collective wisdom. Please avoid negativity and respect everyone opinion. We all learn from each other. Forex is a risky job. There is nothing as such Holy Grail. All indicators used are not mine. I have collected from other forums.

Time frame H4 or higher.
Currency pairs: Majors and minors

Metatrader Indicators
Key levels
Support and resistance ZZ
Symbol pairs
STI Obos oscillator.

Tradig rules Smart Trader Indonesia System
Original Rules
The direction of trade is determined by the support or resistance.
Buy
Lines of support and resistance blue color below the price.
The Obos crosses upward.
Sell
Lines of support and resistance red color above the price.
The Obos crosses downward.
Exit position when an opposite signal is generated, profit on a key level or ratio stop loss 1.18. Stop loss on the previous swing.
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Click to Enlarge Name: smart-trader-indonesia-system.jpg Size: 80 KB

Inserted Video
Attached File(s)
File Type: zip Smart Trader Indonesia System.zip   632 KB | 7,509 downloads | Uploaded May 30, 2019 4:28pm
  • #2
  • May 12, 2019 7:23am May 12, 2019 7:23am
Thank you for starting a thread explaining your system. I agree that trading the 4 hour charts and above is the best approach, so i am always interested in looking at other peoples swing trading systems that use these timeframes. However I cant seem to open the rar file you uploaded, it appears it is corrupted or has no files within. Could you please re-upload the indicators and template file individually please?
Nothing in life is to be feared, it is only to be understood.
  • #3
  • May 12, 2019 7:41am May 12, 2019 7:41am
Quoting matthew89
Thank you for starting a thread explaining your system. I agree that trading the 4 hour charts and above is the best approach, so i am always interested in looking at other peoples swing trading systems that use these timeframes. However I cant seem to open the rar file you uploaded, it appears it is corrupted or has no files within. Could you please re-upload the indicators and template file individually please?
I have just checked the uploaded folder. Its perfectly fine. Please use winrar to open this folder. Thanks
  • #4
  • May 12, 2019 9:44am May 12, 2019 9:44am
About the zip file, the only thing you need to do is to update the winrar program.
And please I have a question. I have noticed that sometimes although the indicator STI OBOS is crossing clearly the white arrow does not appear as in other cases of the crossing.
Any explanation or something that we need to know?
Also, the indicator that shows the support & resistance line that actually is showing the trend that we need to follow is repainting?
Thanks for the very nice videos!!! Nice work
  • #5
  • May 12, 2019 10:26am May 12, 2019 10:26am
[quote=christos1967;12267843]About the zip file, the only thing you need to do is to update the winrar program. And please I have a question. I have noticed that sometimes although the indicator STI OBOS is crossing clearly the white arrow does not appear as in other cases of the crossing. Any explanation or something that we need to know? Also, the indicator that shows the support & resistance line that actually is showing the trend that we need to follow is repainting? Thanks for the very nice videos!!! Nice work[/quote
Hello you are right. White arrow does not appear on every cross. Secondly blue and red lines repaint more on lower TFs and very less on H4/D1. To me repainting indis are not bad only if you know how to use them . In this strat Murrey Math indi also adjust once price crosses these levels. Rest of the indis does not repaint.
  • #6
  • May 12, 2019 10:31am May 12, 2019 10:31am
Quoting razaali
{quote} what is the stop loss you used on this stradegy ? and the arrow indicator white buy or sell indicator, does it repaint?
My live acct is a mini acct. In it 0.1 lot is actually 0.01. Therefore i place nearest round fig below extrememe over shoot level. Normally my hard SL is 300 to 500 pips once i enter a trade on D1. I use hard SL only to avoid wiping out of complete acct due to sudden abnormal spike like BREXIT events. Otherwise i close my trades manually depending on market conditions. Hope it helps
  • #7
  • May 12, 2019 11:51am May 12, 2019 11:51am
You quote <<Hello you are right. White arrow does not appear on every cross>>
So any explanation about this?
  • #8
  • May 12, 2019 3:56pm May 12, 2019 3:56pm
Quoting christos1967
You quote <<Hello you are right. White arrow does not appear on every cross>> So any explanation about this?
Dear i am not a coder. Maybe some expert or coder can throw better light on logic behind it.
  • #9
  • May 12, 2019 9:45pm May 12, 2019 9:45pm
I think I found the reason why the arrow is not appearing on all crossings. When the cross is happening between the 2 black lines the arrow is not appearing.
I think the 2 black lines consider as a trendless area.
  • #10
  • Edited 3:14am May 13, 2019 2:08am | Edited 3:14am
Hello,

Thank you for sharing your system and ideas.

I just wanted to check the indicators you use, but I downloaded the rar file on post 1, but when I try to open it I get a message that the file is damaged.

Can you please post the indicators used?

Thanks.

PS: Sorry, I had not read the other messages and some refer to update the winrar sw.
I did update and now I can see the files
  • #11
  • May 13, 2019 2:22am May 13, 2019 2:22am
Nice thread and I think we've been through the same boat in last ten years

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  • #12
  • May 13, 2019 5:08am May 13, 2019 5:08am
Hello IRFAN,

I am from Jakarta , Indonesia,...

Thanks for sharing your good system,....

Lets teach us,... Which indicator that make you ENTRY GBPUSD ? There are likely 3 indicators,.. should we wait until those 3 comes up ?

Thanks, and terima kasih

Best Regards,

Budi
  • #13
  • May 13, 2019 5:11am May 13, 2019 5:11am
Quoting FxMachina
Hello, Thank you for sharing your system and ideas. I just wanted to check the indicators you use, but I downloaded the rar file on post 1, but when I try to open it I get a message that the file is damaged. Can you please post the indicators used? Thanks. PS: Sorry, I had not read the other messages and some refer to update the winrar sw. I did update and now I can see the files
Please re download from Post No 1
  • #14
  • May 13, 2019 7:04am May 13, 2019 7:04am
Quoting irfanmalik72
{quote} Please re download from Post No 1
Hi Irfanmalik72,

Thank you for that (I did manage to update my winrar and open the rar you had on the first post, but thank you for your attention).

You say that the indicators repaint, and I know zigzag repaints, but what about STI OBOS, does it repaint?

I am testing it forward, and it does not look like it repaints, but you have more experience.

(I do not mean the white arrows that appear on the chart - those seem to be dependant of zigzag as well - but I mean the STI OBOS on the separate window below).

Thanks again.
  • #15
  • May 13, 2019 8:03am May 13, 2019 8:03am
Quoting FxMachina
Hello, Thank you for sharing your system and ideas. I just wanted to check the indicators you use, but I downloaded the rar file on post 1, but when I try to open it I get a message that the file is damaged. Can you please post the indicators used? Thanks. PS: Sorry, I had not read the other messages and some refer to update the winrar sw. I did update and now I can see the files
Hello the pic which i posted for buy entry has 3 indis. The first in the bottom window is trend wave which is non repaint. Second indi is zig zag and it repaints very less on D1 specially once it appears once price is at bottom levels of Murray Math. Last is break out indi by PZ Double Top bottom which is again NRP. All 3 indis are complementing eachother. Crux is Murray Math indi. Whenever any indi appears once price is at these levels you are good to go. Hope that helps
  • #16
  • May 13, 2019 8:06am May 13, 2019 8:06am
Quoting FxMachina
{quote} Hi Irfanmalik72, Thank you for that (I did manage to update my winrar and open the rar you had on the first post, but thank you for your attention). You say that the indicators repaint, and I know zigzag repaints, but what about STI OBOS, does it repaint? I am testing it forward, and it does not look like it repaints, but you have more experience. (I do not mean the white arrows that appear on the chart - those seem to be dependant of zigzag as well - but I mean the STI OBOS on the separate window below). Thanks again.
Please see my last post. I will make a video in which i will explain role of all indis used in my strategy. How i look at them and how they help me in my decision making. Just dont worry abt painting and non repainting stuff. Enjoy
  • #17
  • May 14, 2019 11:40pm May 14, 2019 11:40pm
Hello traders just wanted to check from all those who have downloaded indis. Has anyone tried it in H4 / D1. Did you find it useful. I am still waiting opinion from experts. Is this strategy any worth trying or holding onto. I wanted to hear for any improvements. I will be doing a recap on Friday since i am out of town.
  • #18
  • May 15, 2019 4:41pm May 15, 2019 4:41pm
Quoting irfanmalik72
Hello traders just wanted to check from all those who have downloaded indis. Has anyone tried it in H4 / D1. Did you find it useful. I am still waiting opinion from experts. Is this strategy any worth trying or holding onto. I wanted to hear for any improvements. I will be doing a recap on Friday since i am out of town.
Dear Irfan Malik,

Good Day,...

As you said that we have to ignore the Re-Painting,...
To get the usefull feedback,.. i think you have to explain to us much clear step by step how to trade this system. I really believe his system is good,.. since between H4 and D1 templates were different,.. as a newbie,.. I have some doubt ,.. how to trade this system.

Hope you can explain step by step with clear explaination,...sincethe sound of the video not so clear enough.

Hoping your further response,...

Best Regards,

Budi
  • #19
  • May 17, 2019 5:39am May 17, 2019 5:39am
Hello Guys i have posted another video which further explains this strategy. I have done recap of my last 2 trades which i have manually closed as per current dictates of market. Please use headphones if you have issues regarding voice quality. Thanks
Inserted Video
  • #20
  • May 18, 2019 11:12pm May 18, 2019 11:12pm
Hello Traders i have updated post 1 with new templates. I have removed indicator giving false entries in trend continuation and i have added smart filter to filter out wrong entries on H4 charts. Pl re download fresh H4 template and req indicator. Good Luck
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