My Go To Trading System (Tribute to Currencia)

Hello Blanca, I am much in for your trading strategy. I can't just wait to get to understanding the oldies tricks and tips of trading(like u indicated) and may be it's just high time for me to getting professional . I kindly await the strategy rules.A big Thanks(from Nigeria).

You need to open the pivot indicator, turn off the daily SR levels and enable the Weekly/Monthly ones as needed.

Sub'd looking forward to seeing a new system
GL

Hey Blanca,

I am grateful to be part of this new system you are introducing. I am new to Forex but hungry to learn. Certainly, if you would explain your system in beginners terms, it would really help out a lot of us that are new to the game. I have managed to install the indicators as instructed. Below is a screenshot of what my 5 Minute Time Frame looks like.

Cheers !

Hii ,,
Thanks Blanca for your system , Subiscribe

would you agree with EurGBP ,, it's a short trade ?

I did not get it same
Also, does anyone experience heavy slowdown in mt4?

Thanks for sharing Bianca

If your system is not looking the same, then refer to post 61 and replace the indicator with the fixed one.

I also get a slow down when loading the chart - lots of indicators I think....

Thanks will try...for me it is so slow that it gets completely untradable

I find once it's loaded it's fine, but I do get quite a bit of, "not responding", while opening MT4. I think I trade in a similar way, but I'm not going to jump the gun on Blanca...

If I'm right then I have a much lighter system that I could share with Blanca's permission, but as I say I'd rather let her explain her method. I'm sure we all can learn something.

Do you know when the explanation of the method will start?

Maybe it helps you guys if you limit
- number of charts open
- number of bars in history and on chart, max to 5000 (go to Tools / Options / Charts)
- overall CPU usage

Thank you Blanca. Subscribed.

_________________________________________

To avoid CPU issues until we get the system details, I've opened all my chosen charts on a separate MT4 with just the CCI filter, with alerts on. See pic.
On the other "trading" MT4 I have just a few charts with Blanca's template open to verify the signals

Good topic, post indicators and do not show with enter or put TP and STOP LOSS? I have seen a lot of topics, but I don't see anyone saying, nor showing their "real" gains with the strategy or earnings history .. I only see promises ... however I am curious if this topic will just be one more like the others, or will show something that we have never seen before in this forum ... I will follow, good initiative blanca hope it makes it different from all other topics.

*Blanca ativity on others topics using diferent TLP and methods diferrent

I really hope she brings something different and shows her real earnings history .. because in the topics she has started before and even answered topics, she shows different setups different techniques .... well is already the second strategy topic she opens ... I want to see if it really shows something that surprises me and the members! Good luck blanca ... wish you good luck!

: https://www.forexfactory.com/search....rchid=23045862
https://www.forexfactory.com/showthread.php?t=596717

hug from Portugal
Ricardo

Hi guys good morning,

Here the rules and some explanations about why I use these indicators


I am also posting this chart today

First the list of indicators I am using and why,

The system is formed basicly by

Kino Ribbons
Moving averages
Double CCI
Filter CCI
Pivots


RIBBONS

It is a follow trend system but with the use of ribbons we will be able to see invisible supports and resistances that will appear as the market is moving real time, the ribbons not only show us those levels but also will show us if those levels are weak or strong, the ribbons will also show us the market movements with more clarity.

The market moves in waves or cycles so we will be able to see how the price will be waving from one support to resistance, we will be able to see where exactly is the price even during congestion or rest, so even for those with a different approach to the market will be able to see what its doing while not during trend.

We have different sizes of ribbons, they are translated in timeframes from smaller to bigger but also they mean that when they all agree the traders of those different timeframes also agree, and then a highly profitable trade occur. What we are looking at this point is SPACE, empty space guys. The ribbons will help us filter the best trades, you will be able to see that when we have space, the price flies. so Filter is key.

Also we will be trading inside the ribbons from extreme to extreme, usually in the cases the ribbons are big and open, we will be using them as targets too, or walls in case our entry is too near of a strong one, we will also be able to introduce ourselves in some of them like in todays trade, eurjpy 5mins chart.


I know they are heavy, try to use only one or two charts and the less history in your charts you can. I am sure that during the process you will be able to find even more uses to the ribbons.



MOVING AVERAGES

I chose to use the 240 moving average as a trend indicator, I have found that this parameter is closer to the price than the most used 200 moving average

A 7 moving average , it helps a lot during fast big moves like news, will help us see a fast exit or a better exit by not leaving pips on the table.




PIVOTS

There are many kinds of pivots, these are ones I find suitable and reliable, they start with the Daily pivot which divides the buy side from the sell side, the market looks for those levels to find support and resistance, but if you have had any experience with them you already know that sometimes they are not enough to trade in a profitable way, so in combination with ribbons we will be able to see those invisible levels where the market can reach, bounce or break.


DOUBLE CCI

The double CCI will give us two things, will filter us the trend and give us the strength of the movement, I have added a level of 200, in both sides so when the Double CCI crosses that level a signal is triggered, that is why I drew the red vertical line to show the entry.

Targets and stoplosses are not fixed, because the market is not a fixed thing, we will be looking at each trade carefully and doing a pre analysis even if its fast of each and every one, we will try to look for the lowest risk and higher profitability, like the one I am showing you today in eurjpy.

The targets will depend of each trade, lets take this chart as an example, the target is the other extreme of the ribbon and see how exactly there the price arrives making this trade a 1 to 3 risk reward, but also if you look at your charts after this you will be able to see that the price also touches the DS2 pivot so its your choice.



The stoploss,

There are many ways to place a stoploss, even in some systems a fixed stoploss is good if its suitable for its purpose, In this system the stoploss will be placed in several ways,:

Use the last recent high or last recent low
A pivot
A ribbon
the 240 moving average.

We will be choosing which one is the most suitable at the moment for each trade. The one that for example is nearer or smaller stoploss or more reasonable or convenient. In this trade in eurjpy I chose the 240 moving average which is the yellow line, but also imagine I had chosen to place my stoploss in the last recent high, it also agrees with the DR1 pivot and agrees with the extreme of the ribbon too. So we will be able to find the most suitable stoploss for the current trade, and there is something we need to consider too guys.


The trailing of the stoploss

In this eurjpy trade today I used a ribbon to move and trail my stoploss, look at the second ribbon the one with the green bars following from a certain distance the market and let it them breath at the same time. this is a way to let your trade run and keep it open meanwhile you are stress free.

Each and every trade is different so we will also give each trade a different treatment


FILTER CCI

The filter cci will help us filter the strong moves of the double cci, look when it changes the colour of the bars the market keeps steady and strong so its like a confirmation that what we are doing is correct.

Hi Guys,

Just a tip for users and more specifically new traders. Using multiple charts on smaller time frame require you to have history down loaded on your charts. If you don't have enough history it will lead to your chart or computer freezing up and indicators not displaying correctly, if you open a chart template with many indicators. Ensure you open your pair that you want to trade on your default (Chart) template setting, from the monthly down to the 1 minute time frame to force feed historical data, before attaching Blanca's template which has many indicators for the specific pair that you want to trade. There are history down load scripts as well to make your life easier.

Mt4 is like a car. It needs oil for the engine to run smoothly.

Cheers.

What is the matter of stop loss and take profit? thank you!

@blanca

What are the rules of your system?
Your previous post is a description of indicators but when exactly you enter/exit?

Thanks

Blanca is adding explanations to post #94

Basic Rules of entry and exit


1.- Look the 240 sma find if the trend is bullish of bearish
Buy signal above the 240 sma
Sell signal below the 240 sma
2.- The double cci 89 and 21 are a combination of Fibonacci numbers, one is longer than the other, when both agree in the indicator appears volume in red or green.
When this volume reaches the 200 levels above is a buy signal, when it reaches the -200 level is a sell signal. Also the yellow line has to either cross or at least touch the 200 level.
3.- For a buy signal the price should be above the Daily Pivot
4.- For a sell signal the price should be below the Daily pivot
5,- The cci filter changes of colour in the bars, if its a buy signal will turn light green and if its a sell signal will turn light red.

The ribbons will need a separate explanation but basicly the best signals occur when the price isi outside of them like in these two examples below.

GBPCHF 5mins today,

A buy signal that is triggered exactly above the 240 sma and also above the daily pivot our target is the next pivot the DR1

The second signal a sell signal is the perfect example why all trades are different,
Inn this casse the signal also is triggered when the price goes out of the ribbons, below the 240 sma and below the DS1 pivot, showing us the entry, but the price as soon as it reaches DS2 bounces back looking for resistance in the previous support that now turns into a resistance., we can either hit our first target in DS2 and go out or stay and keep until the end of the trend and close in DS3, here the skills of the trader play a good part. In either decisions the results are good and profitable.

We will not be taking each and everyone of the signals, remember we are using a 5 min timeframe and in such a small timeframe the noise is present, so in order to teach you how to filter the noise we will be needing other

@blanca

How you define bullish bearish trend using SMA 240?
Is it above SMA 240 bullish?
Below SMA 240 bearish?