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My Day Trading System (MDTS) in trend following

  • #361
  • Jul 20, 2019 1:19pm Jul 20, 2019 1:19pm
Quoting NatashaM
{quote} Hi, Sriloba! I see, here you enter contra trend - on H1 the trend is UP, but you enter SELL. I'm a bit confused because our goal is to confirm the trend following system and in this way we are messing the common rules. I have a suggestion - let's confirm the trend following rules, let's confirm the most suitable tempate in order to share the results. Please, share which template do you think to use from Monday? The system is really good, but we didn't still find the interconnection between the diferent TF in the most suitable way. I think...
Hi Nathasha,

You are absolutely right!

At that time I was greedy when I thought the counter trend was more profitable.

I will share the new template very soon.

Stay tuned!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #362
  • Edited 3:58am Jul 21, 2019 3:42am | Edited 3:58am
Hi guys,

This is the TradeOnix reorganized to become the RideYourWave system.

Noticed1: Tetragram used only to authenticate the TradeOnix indicators.

H4: Identify the current trend

Uptrend when TB Cloud appears Green dot.

H1/M30/M15: Enter a trade

1) Wait for a pullback. The first red dot appears.
2) Buy = Green dot appears confirmed by AO is below the zero level then changes to Blue bar + MACD histogram is above the zero level (Blue bar)

a) Stop Loss is placed at the most recent low
b) Take Profit is placed the amount of Stop Loss. 1:1 RR

IF you enter a trade on M30 or M15 don't forge to verify the trend on H1. H1 is the next higher time frame. The trend (TB Cloud) must go the same direction from H4_H1_M30/M15

Noticed2: Always enter on the first green dot (uptrend) with all the confirmations at the same time. It is very important. Because you enter with a good price.

Let's test it together for a week.

Don't forget to read the Password TradeOnix.txt


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 65 KB
Attached File(s)
File Type: tpl RideYourWave.tpl   4 KB | 686 downloads
File Type: txt Password_TradeOnix.txt   < 1 KB | 710 downloads
File Type: rar RideUrWave.rar   400 KB | 859 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #363
  • Jul 21, 2019 7:56am Jul 21, 2019 7:56am
Quoting sriloba
Hi guys, This is the TradeOnix reorganized to become the RideYourWave system. Noticed1: Tetragram used only to authenticate the TradeOnix indicators. H4: Identify the current trend Uptrend when TB Cloud appears Green dot. H1/M30/M15: Enter a trade 1) Wait for a pullback. The first red dot appears. 2) Buy = Green dot appears confirmed by AO is below the zero level then changes to Blue bar + MACD histogram is above the zero level (Blue bar) a) Stop Loss is placed at the most recent low b) Take Profit is placed the amount of Stop Loss. 1:1 RR IF you...
Thank you very much, Sriloba! Let's test and share! It will be wonderfull to catch the wave and enter at the exact time in the trade! We'll see......
  • #364
  • Jul 21, 2019 9:17am Jul 21, 2019 9:17am
Quoting sriloba
Hi guys, This is the TradeOnix reorganized to become the RideYourWave system. Noticed1: Tetragram used only to authenticate the TradeOnix indicators. H4: Identify the current trend Uptrend when TB Cloud appears Green dot. H1/M30/M15: Enter a trade 1) Wait for a pullback. The first red dot appears. 2) Buy = Green dot appears confirmed by AO is below the zero level then changes to Blue bar + MACD histogram is above the zero level (Blue bar) a) Stop Loss is placed at the most recent low b) Take Profit is placed the amount of Stop Loss. 1:1 RR IF you...
Excuse me, Sriloba, why are you using Tetragram on H4? To identify the trend you have wrote you are using TB Cloud. Would you clear, please!
Another question - entering on M15, have we to wait the TB Cloud on M30 and H1 to turn its color the same like the TB Cloud of H4? Because we know that M15 is quicker than M30 and H1 and entering on M15 it is logic the color of TB Cloud of M30 and H1 is still of the retracement color.
Have we to wait for a retracement on H1 first, then for a retracement on M30 and finally on M15?
  • #365
  • Edited 12:36pm Jul 21, 2019 11:15am | Edited 12:36pm
[quote=NatashaM;12394471]{quote} Excuse me, Sriloba, why are you using Tetragram on H4? To identify the trend you have wrote you are using TB Cloud. Would you clear, please! Another question - entering on M15, have we to wait the TB Cloud on M30 and H1 to turn its color the same like the TB Cloud of H4? Because we know that M15 is quicker than M30 and H1 and entering on M15 it is logic the color of TB Cloud of M30 and H1 is still of the retracement color. Have we to wait for a retracement on H1 first, then for a retracement on M30 and finally on M15?[/quote]
Hi,

Tetragram is there only to AUTHENTICATE or to Validate the TradeOnix indicators. It is not used to analyze forex at any circumstances.

For the first time, traders install the TradeOnix indicators in the MT4 then they have to put the Password in Tetragram to AUTHENTICATE the TradeOnix indicators otherwise it will display ERROR TO AUTHENTICATE.

I have modified the TB Cloud parameters. We use the TB Cloud to identify the trend in H4.

You can enter a trade on H1 to M15.

If you enter a trade on M30 or M15 then you have to align TB Cloud in H1. Because we want to make sure that the direction in all TFs are the same for high probability of trade.

ALSO YOU CAN ENTER A TRADE ON M5 AND MAKE SURE THE TREND IN H4 _H1_M5 ARE THE SAME DIRECTION.

If you enter a trade on the sequence below then you have to align the direction as follows:

1) H4_H1
2) H4_H1_M30
3) H4_H1_M15
4) 3) H4_H1_M5 (Be carefull)

Hope this can clear the situation.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #366
  • Jul 21, 2019 12:58pm Jul 21, 2019 12:58pm
Quoting sriloba
{quote} Excuse me, Sriloba, why are you using Tetragram on H4? To identify the trend you have wrote you are using TB Cloud. Would you clear, please! Another question - entering on M15, have we to wait the TB Cloud on M30 and H1 to turn its color the same like the TB Cloud of H4? Because we know that M15 is quicker than M30 and H1 and entering on M15 it is logic the color of TB Cloud of M30 and H1 is still of the retracement color. Have we to wait for a retracement on H1 first, then for a retracement on M30 and finally on M15? Hi, Tetragram is there...
Thank you, Sriloba for your quick response! I understand that Tetragram is not used for our analize! I'll test and share! Thanks once again, you are so kind to clear in details!
  • #367
  • Jul 22, 2019 7:24am Jul 22, 2019 7:24am
Quoting kdpraba
unstoppable {image}
hey can you share your system..would love to trade with these two system...thank you !
  • #368
  • Jul 25, 2019 7:14pm Jul 25, 2019 7:14pm
Hi,

The strategy in POST362 did not go well. Because AO is too large.

So I have changed the whole analysis as follows:

H1: Identify the trend

Downtrend:

1) TBL is RED and confirmed by 2) Tetragram long RED bar


M15 or M5: Enter a trade

1) Price closes above the upper band and at the same time
2) RSI closes above 70 level
3) TBL is RED and confirmed by
4) Tetragram long RED bar

Make sure that the Switch appears RED (2/5 EMA cross down)

SELL = 1)+2)+3)+4)

Let's test it together for a week.

Don't forget to read the Password TradeOnix.txt



Enjoy, my friends!


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 83 KB
Attached File(s)
File Type: rar RideUrWave.rar   400 KB | 541 downloads
File Type: tpl RideYourWave.tpl   13 KB | 465 downloads
File Type: txt Password_TradeOnix.txt   < 1 KB | 438 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #369
  • Jul 26, 2019 3:30pm Jul 26, 2019 3:30pm
Quoting sriloba
Hi, The strategy in POST362 did not go well. Because AO is too large. So I have changed the whole analysis as follows: H1: Identify the trend Downtrend: 1) TBL is RED and confirmed by 2) Tetragram long RED bar M15 or M5: Enter a trade 1) Price closes above the upper band and at the same time 2) RSI closes above 70 level 3) TBL is RED and confirmed by 4) Tetragram long RED bar Make sure that the Switch appears RED (2/5 EMA cross down) SELL = 1)+2)+3)+4) Let's test it together for a week. Don't forget to read the Password TradeOnix.txt Enjoy, my friends!...
Hi, Sriloba! Thanks for your new idea! Lets try and share the next week! I think the previous system was not so good - H4 - H1 were not in synchron.
Lets see this week!
  • #370
  • Edited Jul 27, 2019 7:52am Jul 26, 2019 11:09pm | Edited Jul 27, 2019 7:52am
Hi,

Next week you will test 2 strategies. 1 in POST368 and the other one I am going to show you.

I have tested the 2 strategies last week. But I like this one, RideYourWave1 as the template.

So let see...

Downtrend

H1: Identify the trend

TBL is RED and confirmed by Tetagram is LONG RED BAR. ( Tetragram is composed of 4 indicators (TBL, Switch, TBM, TBS)).

TBL: Trend Bias Long (50EMA)
TBM: Trend Bias Medium (10 EMA)
TBS: Trend Bias Short (3 SMA)
Switch: is a micro trend bias (2/5 EMA)

M15: Enter a trade

First wait for the price makes a pullback as follows: VERY IMPORTANT

1) The switch appears blue (2/5 EMAs cross up)

2) Tetragram appears gray bar

3) Macd histogram appears blue bar (above the zero level)

then

5) TBL is RED

6) TBL LONG RED BAR confirmed by

7) RSI is below 50 (RED)

8) Stochastic cross down (RED)

9) Macd histogram is above the zero

SELL = 5)+6)+7)+8)+9)

SL at the recent high
TP at the same amount of SL from the entry

I like this strategy because I have used to enter a trade in M15 using RSI, Stochastic and Macd to filter a signal in another strategy.

I hope this is the last improvement of the strategy. So we can concentrate to grab some GREEN PIPS


Enjoy!


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 120 KB
Attached File(s)
File Type: txt Password_TradeOnix.txt   < 1 KB | 474 downloads
File Type: tpl RideYourWave1.tpl   17 KB | 449 downloads
File Type: rar RideUrWave.rar   455 KB | 555 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #371
  • Jul 27, 2019 10:30am Jul 27, 2019 10:30am
Quoting sriloba
Hi, Next week you will test 2 strategies. 1 in POST368 and the other one I am going to show you. I have tested the 2 strategies last week. But I like this one, RideYourWave1 as the template. So let see... Downtrend H1: Identify the trend TBL is RED and confirmed by Tetagram is LONG RED BAR. ( Tetragram is composed of 4 indicators (TBL, Switch, TBM, TBS)). TBL: Trend Bias Long (50EMA) TBM: Trend Bias Medium (10 EMA) TBS: Trend Bias Short (3 SMA) Switch: is a micro trend bias (2/5 EMA) M15: Enter a trade First wait for the price makes a pullback as...
Thank you, Sriloba! This latest strategy looks so promissing! I hope this one to be really the latest improvement. So many efforts!!!
  • #372
  • Jul 27, 2019 11:17am Jul 27, 2019 11:17am
Hi,

I just want to share with you how I scan the markets that are ready to trade very soon.

I post 3 different markets of M15 in 1 screen.

You can verify the trend on H1 by looking on the arrows panel the icon TBL HTF. Because the next HTF of M15 is H1.

Before entering a trade don't forget to verify the trend on HTF. Because we are using the trend following strategy.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 127 KB
Being a fxtrader is not easy. Ones must working hard.
  • #373
  • Jul 28, 2019 1:24am Jul 28, 2019 1:24am
Quoting sriloba
Hi, I just want to share with you how I scan the markets that are ready to trade very soon. I post 3 different markets of M15 in 1 screen. You can verify the trend on H1 by looking on the arrows panel the icon TBL HTF. Because the next HTF of M15 is H1. Before entering a trade don't forget to verify the trend on HTF. Because we are using the trend following strategy. Sai Ram {image}

If I am trading M5 TF, my next TBL HTF will be M15, correct?
  • #374
  • Jul 28, 2019 1:49am Jul 28, 2019 1:49am
Quoting sriloba
Hi, I just want to share with you how I scan the markets that are ready to trade very soon. I post 3 different markets of M15 in 1 screen. You can verify the trend on H1 by looking on the arrows panel the icon TBL HTF. Because the next HTF of M15 is H1. Before entering a trade don't forget to verify the trend on HTF. Because we are using the trend following strategy. Sai Ram {image}

Are you profitable now ?
  • #375
  • Jul 28, 2019 4:46am Jul 28, 2019 4:46am
Quoting forexvert
{quote} Are you profitable now ?
Hi,

I hope very soon. I have no doubt when you use trend following to trade forex.

But when the market is ranging there will be a lot of bad trades.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #376
  • Jul 28, 2019 4:48am Jul 28, 2019 4:48am
Quoting civilpes2001
{quote} If I am trading M5 TF, my next TBL HTF will be M15, correct?
Hi,


Yes, you are correct. But may I suggest you check the price behavior on H1 before entering a trade.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #377
  • Jul 28, 2019 9:06am Jul 28, 2019 9:06am
Quoting sriloba
{quote} Hi, Yes, you are correct. But may I suggest you check the price behavior on H1 before entering a trade. Sai Ram
so many inidcators? analysis paralysis?

but your trading strategy is based on MTF,so you will find success very soon,wishing you luck my friend!
  • #378
  • Edited 11:17pm Jul 28, 2019 12:28pm | Edited 11:17pm
Quoting T4Trade
{quote} so many inidcators? analysis paralysis? but your trading strategy is based on MTF,so you will find success very soon,wishing you luck my friend!
Hi,


I have tried to reduce indicators in the past. But when come to do the analysis I feel that I miss some pieces of information.

MACD, RSI and Stochastic are the momentum indicators. But I use them differently.

MACD histogram uses to catch the early signal
Stochastic uses as the momentum of price action
RSI uses to confirm the signal when it is above or below the 50 line

The arrow panel gives a quick view
The 50 EMAs (HLC) is a wave of the trend. When the price is above the wave then the trend is up and the opposite is true.
TBL is 50 EMA (Trend) but in another form of indicator
Tetragram is a very good filter because it is composed of 4 indicators.

That why it is hard to reduce indicators because they have a specific job to do.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #379
  • Jul 28, 2019 4:32pm Jul 28, 2019 4:32pm
i dont know why i cant open this rar file in my mac,can soemone plz help me? if i can get all indicators in a zip file?
  • #380
  • Jul 28, 2019 9:19pm Jul 28, 2019 9:19pm
Quoting T4Trade
i dont know why i cant open this rar file in my mac,can soemone plz help me? if i can get all indicators in a zip file?
Voilą


Continue in post381



Sai Ram
Attached File(s)
File Type: tpl RideYourWave1.tpl   17 KB | 431 downloads
File Type: ex4 Fxtrader1969_MACD_ColorHist_Alert.ex4   32 KB | 466 downloads
File Type: ex4 RSI HistoAlert v2.ex4   5 KB | 477 downloads
File Type: ex4 Tradeonix - TB Cloud.ex4   20 KB | 479 downloads
File Type: ex4 Fxtrader1969_MACD_ComeSurfingFx.ex4   16 KB | 512 downloads
File Type: ex4 Tradeonix - TBL.ex4   16 KB | 482 downloads
File Type: ex4 Fxtrader1969_MTF_Stoch_Hist.ex4   21 KB | 481 downloads
File Type: ex4 Tradeonix - ArrowsPanel.ex4   133 KB | 552 downloads
File Type: ex4 Tradeonix - Tetragram.ex4   87 KB | 466 downloads
File Type: ex4 Tradeonix - Heatmap.ex4   163 KB | 463 downloads
Being a fxtrader is not easy. Ones must working hard.
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