Band H4 | Forex Factory

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Attachments: Band H4
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Band H4

  • #1
  • First Post: Edited Sep 12, 2019 9:55pm Sep 11, 2019 7:20pm | Edited Sep 12, 2019 9:55pm
This is a simple H4 system that requires patience
Attached Image (click to enlarge)
Click to Enlarge Name: WIXCaNn.png Size: 97 KB


Wait for H4 signal (circled 4) to appear

And only take trade when price poke the edge of H4 band.
Or you can gamble by taking trade that is very close to the edge of the H4 band.
Always manage your own risk because this system will have draw down.

Or you can drill down to lower time frame:
Wait for H1 signal (circled 1) to appear, M15 and M5 signal (asterisk) to appear
And only take trade when price poke the edge of the respective band.
Or you can gamble by taking trade that is very close to the edge of the respective band.
Always manage your own risk because this system will have draw down.

Be patience H4 and H1 signal are better than lower time frame.
Can use lower time frame to exit trade.
Or use lower time frame to scalp.

This is a very simple Band system don't add anything else to make it complicated.

Don't ask me is this system profitable or not.
Don't ask me how long have I being using this system.
Don't ask me to attach my Trade Explorer.
All this you can test and try on your own.

UPDATE 13 September: change of template and 1 additional indicator
Put all indicators into indicator folder and attached the template


Attached File(s)
File Type: tpl ! Bands Trend.tpl   4 KB | 921 downloads | Uploaded Sep 12, 2019 9:46pm

Attached File(s)
File Type: ex4 Bands.ex4   11 KB | 1,000 downloads | Uploaded Sep 12, 2019 9:46pm

Attached File(s)
File Type: ex4 Band Trend.ex4   19 KB | 1,030 downloads | Uploaded Sep 12, 2019 9:47pm

Attached File(s)
File Type: ex4 Band_H4.ex4   11 KB | 1,058 downloads | Uploaded Sep 12, 2019 9:47pm

Attached File(s)
File Type: ex4 Band_H1.ex4   12 KB | 985 downloads | Uploaded Sep 12, 2019 9:47pm

Attached File(s)
File Type: ex4 Band_M15.ex4   12 KB | 991 downloads | Uploaded Sep 12, 2019 9:47pm

Attached File(s)
File Type: ex4 Channel.ex4   20 KB | 1,041 downloads | Uploaded Sep 12, 2019 9:47pm
  • #2
  • Sep 11, 2019 9:27pm Sep 11, 2019 9:27pm
Simple is good, and I love H4. Anyone else having trouble seeing any arrows? Have tried many restarts, reloading indicators, loading bar data, even two different broker platforms, still no dice. Just something on my end?

TF
Prices are never too high to begin buying or too low to begin selling.
  • #3
  • Sep 11, 2019 10:27pm Sep 11, 2019 10:27pm
When the Band Golden Ratio.ex4 is loaded on a chart, the expert tab constantly reports this error:

2019.09.11 23:21:00.325 cannot open file 'C:\Users\user\AppData\Roaming\MetaQuotes\Terminal\F2262CFAFF47C27887389DAB2852351A\MQL4\indicators\Channel_H4_20.ex4' [2]

Do you need to include this "Channel_H4_20.ex4" indicator?

And loading the Band H1 Golden Ratio.ex4 indicator on an H1 chart yields the following error in the expert tab:

2019.09.11 23:26:10.748 cannot open file 'C:\Users\user\AppData\Roaming\MetaQuotes\Terminal\F2262CFAFF47C27887389DAB2852351A\MQL4\indicators\Channel_H1_20No Arrow.ex4' [2]

Seems to be another indicator missing? "Channel_H1_20No Arrow.ex4"

TF
Prices are never too high to begin buying or too low to begin selling.
  • #4
  • Sep 12, 2019 12:54am Sep 12, 2019 12:54am
Please download from post 1 again.
Should be working now.
  • #5
  • Sep 12, 2019 1:15am Sep 12, 2019 1:15am
Attached Image (click to enlarge)
Click to Enlarge Name: aPORrDX.jpg Size: 472 KB


GBPJPY M5
  • #6
  • Sep 12, 2019 1:34am Sep 12, 2019 1:34am
Lady luck for fifo scalper

Attached Image (click to enlarge)
Click to Enlarge Name: n8rKgwu.png Size: 36 KB
  • #7
  • Sep 12, 2019 2:07am Sep 12, 2019 2:07am
Yes, there is alert message and sound.

Attached Image (click to enlarge)
Click to Enlarge Name: UGlGWfF.png Size: 42 KB
  • #8
  • Sep 12, 2019 2:09am Sep 12, 2019 2:09am
Can exit trade when the middle band or opposite band are touched by candle.

Attached Image (click to enlarge)
Click to Enlarge Name: WFRpYYm.png Size: 36 KB
  • #9
  • Sep 12, 2019 2:58am Sep 12, 2019 2:58am
Quoting mixedbags
A simple Band system that requires patience {image} {image} Wait for H4 a circled 4 appeared, H1 a circled 1 appeared, M15 and M5 an asterisk appeared And only take trade when price poke the edge of Band band. Or you can gamble by taking trade that is very close to the edge of the Band band. Always manage your own risk because this Band system will have draw down. Be patience H4 and H1 signal are better than lower time frame. Can use lower time frame to exit trade. Or use lower time frame to scalp. This is a very simple Band system don't add anything...
looks good but repaints badly.. anyway to make it as NRP?
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #10
  • Sep 12, 2019 3:35am Sep 12, 2019 3:35am
Quoting vijiragavan
{quote} looks good but repaints badly.. anyway to make it as NRP?
What is repaint? Use water color or pencil color?
This is metatrader chart for trading forex not art gallery.
  • #11
  • Sep 12, 2019 3:38am Sep 12, 2019 3:38am
Attached Image (click to enlarge)
Click to Enlarge Name: 2Hop3zy.png Size: 36 KB


o you mean there are extra candles after my earliest post?
I didn't paint those candles, they are the price print.
  • #12
  • Sep 12, 2019 3:43am Sep 12, 2019 3:43am
Quoting mixedbags
{quote} What is repaint? Use water color or pencil color? This is metatrader chart for trading forex not art gallery.
are you joking..? please search for the term repaint indicators in google... ur indicator looks good when you apply it on chart but not good when it shows signal. i meant signal will appear then disappear.
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #13
  • Sep 12, 2019 3:49am Sep 12, 2019 3:49am
Quoting vijiragavan
{quote} are you joking..? please search for the term repaint indicators in google... ur indicator looks good when you apply it on chart but not good when it shows signal. i meant signal will appear then disappear.
I am very new in forex so many terminology I don't understand.
In fact I am practicing how to make indicator via youtube, I follow each step from youtube to build this.
Look like it is working so it must be a profitable system. Else the indicator will not be able to load into the chart.
The signal won't disappear when the candle is closed.
  • #14
  • Sep 12, 2019 3:51am Sep 12, 2019 3:51am
Quoting mixedbags
{image} o you mean there are extra candles after my earliest post? I didn't paint those candles, they are the price print.

right side chart shows current chart when indicator applied, left side is what i backtested.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #15
  • Sep 12, 2019 3:53am Sep 12, 2019 3:53am
Quoting mixedbags
{quote} I am very new in forex so many terminology I don't understand. In fact I am practicing how to make indicator via youtube, I follow each step from youtube to build this. Look like it is working so it must be a profitable system. Else the indicator will not be able to load into the chart. The signal won't disappear when the candle is closed.
oh ok fine.. then learn about repainting. ur indi isnt good.. it gives lot of false signals... please check my previous post.. not offending you..
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #16
  • Sep 12, 2019 3:57am Sep 12, 2019 3:57am
Quoting vijiragavan
{quote} right side chart shows current chart when indicator applied, left side is what i backtested. {image}
use live chart. Now you look live at GBPJPY M5 and EURNZD M5 after the M5 candle closed the signal will stay.
  • #17
  • Sep 12, 2019 3:58am Sep 12, 2019 3:58am
Quoting vijiragavan
{quote} oh ok fine.. then learn about repainting. ur indi isnt good.. it gives lot of false signals... please check my previous post.. not offending you..
not offending at least I learn what is repainting. The youtuber didn't mention repainting.
  • #18
  • Sep 12, 2019 4:00am Sep 12, 2019 4:00am
Quoting mixedbags
{quote} use live chart. Now you look live at GBPJPY M5 and EURNZD M5 after the M5 candle closed the signal will stay.
ok.. wait.. i check again
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #19
  • Sep 12, 2019 4:06am Sep 12, 2019 4:06am
Quoting mixedbags
{quote} not offending at least I learn what is repainting. The youtuber didn't mention repainting.
ok.. ur indicator looks good yet have the problem. it works different on live chart and past data.. thats what i meant. dunno how to explain but hope somebody would clearly what i try. thanks
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #20
  • Sep 12, 2019 4:09am Sep 12, 2019 4:09am
Quoting vijiragavan
{quote} ok.. wait.. i check again
Anyway thanks for pointing it out. But it won't repaint.
Nonetheless this system requires patience - signals from H4 and H1 are better bet.

Alert will appeared after candle closed.
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