Dislikedis there any trader who can give a report for the time that has been using this strategy ,to see how its potential ?Ignored
Killer B 71 replies
Killer Strategy EA 4 replies
TEB One Min killer 82 replies
Killer 'B' System Q & A 35 replies
Killer B System Q & A 0 replies
DislikedHello guys, In my spare time I made this indicator according to the rules given, it is only in the initial phase, but it seems to work well. If you want to show passed set-up, use the shift parameter to set the starting candle from which to search for the signal, like this one on EUR USD (shift 5), or the second (shift 10) {image} {image} {file}Ignored
DislikedHi Abhirag, When do you decide to go long or short? Is it when the wick touched the trendline inside or outside the triangle? On the examples you posted before (see screenshot attached), I noticed that you were placing orders while the candle is still inside the triangle. Some when the candle closes outside it then wait for retest. Also, where do you place your TP and SL? Thanks. {image} {image}Ignored
Disliked{quote} Bro, I think you need to adjust your indi as it only counts 9 candles forward from the candle touching the 6 EMA. Also, the horizontal line should be drawn from the open/close of the candle not touching the 6 EMA, following these examples. See attached images. Correct me if I'm wrong here, Abhirag. Thanks!Ignored
DislikedThanks to abhirag for this strategy, testing the indicator on TF 1 min, it's clear that the levels indicated are respected and important (I used TF 1min only for testing purpose) {image}Ignored
Disliked{quote} 1. Identify the candle not touching 6 EMA. 2. Wait for next candles to touch the 6 EMA. 3. From the candle touching the 6 EMA count 10 candles forward and 10 candle backward. From the OPEN of candle (Not touching 6EMA) draw a straight line upto 10 candle forward (From the candle touching 6EMA). 4. From the end of straight line drawn (10 candles forward), try to draw a line touching high or low of backward candles. it will form a triangle. 5. Now if the candle is touching the line from above (Depends upon how the setup is) go LONG the moment...Ignored
Disliked{quote} Abhirag, Here is my attempt to explain your system; will you please let me know if I have the correct details? On a chart with a 6 period EMA... A valid signal is generated when a candle touches the EMA whose immediate neighbour is NOT touching the EMA. The candle touching the EMA is the 'signal candle'. The candle prior to the signal candle is the 'horizontal line candle'. Draw a horizontal line forward in time 10 candles from the opening price of the horizontal line candle. This is the 'horizontal line'. 10 candles backward in time from...Ignored
Disliked{quote} Thanks Clemmo, yes, the explanation is on spot. The trade should be closed if any candle closes inside the triangle OR if hit the SL.Ignored
Disliked{quote} What if the price once again crosses the entry line should the trade be put on again or wait for a different setup?Ignored
Disliked{quote} Sorry, didn't really get the question. We go long/short when the price touches the Triangle, and get out of the trade if the candle closes inside the triangle.Ignored
Disliked{quote} Abhirag, Here is my attempt to explain your system; will you please let me know if I have the correct details? On a chart with a 6 period EMA... A valid signal is generated when a candle touches the EMA whose immediate neighbour is NOT touching the EMA. The candle touching the EMA is the 'signal candle'. The candle prior to the signal candle is the 'horizontal line candle'. Draw a horizontal line forward in time 10 candles from the opening price of the horizontal line candle. This is the 'horizontal line'. 10 candles backward in time from...Ignored
Disliked{quote} Thanks Vitto for this indicator. It seems simple and elegant. What purpose does the shift function serve? It seems to move the 10 candle count back in time, but why would we ever want to do this?Ignored