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My Go To Trading System (Tribute to Currencia)

  • #341
  • Dec 31, 2019 12:40pm Dec 31, 2019 12:40pm
Quoting MyProfit
Scanner working good, thanks, I Have a question; What the colors with the corresponding numbers mean?, I know that the number (green-red) is how many bars passed since the last signal, but the numbers on the blue bars what's that mean? {image}

. -

Green = Currently open market (no setup within threshold limits)
Maroon = Closed market (no setup within threshold limits)

^ both open or closed condition according to MT4 broker specifications for each scanned instrument.

Blue = Latest setup was a Long Setup (bars ago).
Orange = Latest setup was a Short Setup (bars ago).

Latest setup count depends on "Last setup threshold" input.


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  • #342
  • Edited 1:00pm Dec 31, 2019 12:50pm | Edited 1:00pm
Thanks,
"Great Men are not born great, They Grow Great."
  • #343
  • Edited Jan 1, 2020 12:07am Dec 31, 2019 1:50pm | Edited Jan 1, 2020 12:07am
Hi All and Blanca, First off, thank you so much for your knowledge and time to help others become successful. I am transitioning out of real estate into currency trading with some limited knowledge but can always learn more. Sick, thanks too... nice addition.

Your system, dealing with the M5, what is the average gain on pips? I have been dealing with H1 chart on EUR/USD and realize my goals of 400pips a month is pushing it with the money management plan i have. 20pips a day on average, shouldn't be too hard, right? Easier said than done with EU. Each trade costs money so I would like to do fewer trades in where i can capitalize the most to gain 400pips a month.

My current technical system deals with Eiliott wave, fibonnaci and drawing lines on the H1 to predict TP. So there are some similarities with yours. I would like to focus more on the H1 charts to limit my time in front of the computers, what changes to your system would I need to do so that i can work on the H1 charts. I use the M1 charts to fine tune my entry points as well with my current system utilizing a 10pip SL.

Please let me know more about the H1 chart setup.

Happy New Years everyone!
  • #344
  • Jan 1, 2020 12:47pm Jan 1, 2020 12:47pm
Quoting sick35
.- Scanner Update Replaced keyboard shortcuts with a single button. Added last setup bar count and threshold input, default to 30 bars back. You must select for what setup you want the count and corresponding . {file} .

Hi Sick,

Thanks for this amazing trading tool. If I may suggest an improvement; The relevant button gives the number of bars back when a signal happened for a particular pair. Is it possible to have an arrow at that specific bar when we bring up the relevant chart?

Also, my broker is VantageFx which has a suffix of + for the forex pairs. The problem that I am facing is that the Hide feature of market watch does not seem to work. I have to display 50 instruments before I can get all the 28 relevant forex pairs to display. Any suggestions?

Thanks
  • #345
  • Jan 1, 2020 1:10pm Jan 1, 2020 1:10pm
Happy new year to all of you.

Sick35 it's working everything ok till now. If I will find some bug, I will tell you.
  • #346
  • Jan 1, 2020 6:16pm Jan 1, 2020 6:16pm
Quoting TradeForexFx
{quote} Hi Sick, Thanks for this amazing trading tool. If I may suggest an improvement; The relevant button gives the number of bars back when a signal happened for a particular pair. Is it possible to have an arrow at that specific bar when we bring up the relevant chart? Also, my broker is VantageFx which has a suffix of + for the forex pairs. The problem that I am facing is that the Hide feature of market watch does not seem to work. I have to display 50 instruments before I can get all the 28 relevant forex pairs to display. Any suggestions?...

.-

Hello TradeForexFx,

I'm not sure I understand your question about Market Watch. Scanner works with first N symbols listed on Market Watch window (you can set that number setting it in inputs).
If you want only FX symbols to be scanned and displayed in the buttons, move them to the first N symbols on Market Watch window, you may need to restart the indicator for changes to take effect.


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  • #347
  • Edited Jan 2, 2020 1:24am Jan 1, 2020 8:56pm | Edited Jan 2, 2020 1:24am
@ BLANCA Thank You for even putting forth the idea to open this thread. It has truly blessed me from the end of 2019 well into 2020!!!

@SICK35 Sir your contributions are awesome and I saw results as soon as I applied them.

@ MYPROFIT you really help to push us all towards perfection.

To each and everyone of you, me and my family send out our warmest Gratitude.

Happy New Year!!!!
  • #348
  • Jan 1, 2020 10:18pm Jan 1, 2020 10:18pm
Quoting sick35
{quote} .- Hello TradeForexFx, I'm not sure I understand your question about Market Watch. Scanner works with first N symbols listed on Market Watch window (you can set that number setting it in inputs). If you want only FX symbols to be scanned and displayed in the buttons, move them to the first N symbols on Market Watch window, you may need to restart the indicator for changes to take effect. .

Thanks sick35, working now.
  • #349
  • Jan 2, 2020 2:31am Jan 2, 2020 2:31am
Happy new year traders.
First is to thank blanca for availing to us her trading system. secondly , to thank sick35 for the hardwork to make the scanner. There is alot to learn from this thread in days to come.
Attached Image (click to enlarge)
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My first trade
  • #350
  • Jan 2, 2020 4:25am Jan 2, 2020 4:25am
Someone tried this strategy in higher time frame?(m30, H1?)
  • #351
  • Jan 2, 2020 5:51am Jan 2, 2020 5:51am
Hi to all! Thanks for your effort to make a good scanner but seems that all attention is directed do to that. There are still very few messages or examples that explains how to trade scanner signals or simply how to trade blanca's system.
  • #352
  • Jan 2, 2020 7:16am Jan 2, 2020 7:16am
Quoting Danielesse87
Hi to all! Thanks for your effort to make a good scanner but seems that all attention is directed do to that. There are still very few messages or examples that explains how to trade scanner signals or simply how to trade blanca's system.
I assume the thread starter Blanca is letting traders work the system out for his or herself before providing further information.
i personally don’t see it as a system that will provide a lot of entries when rules are followed as the trigger filter 21 MA and 89 cci are not a great trigger in my opinion.
A good percentage of those trigger entries you will receive will be after a move has been generated and the “easy” money has been taken out of the market, and the move is close to a pullback and shake out. There will be those trend breakouts that keep going with momo but more often than not the entry as per system will alert just before a base and pull back. I’m happy to be proven wrong. A trader could look to enter on the pull back/retrace etc.
When manually trading a system look at the system entry generated and use it to help you learn how to read chart price action.
i personally have not found indicators to be the holy grail but I’m sure some traders can make them work...

All my opinion and I hope the traders here make good pips with the system
  • #353
  • Edited 8:03am Jan 2, 2020 7:27am | Edited 8:03am
Good morning in this new year,


Hi everybody and thank you for being part of this thread, I hope something goodd you will receive of it for your trading life, We are using a 5 min timeframe and there is noise in this timeframe just like there is noise in any other timerame, this is a breakout system and a follow trend system, but something maybe few of you have noticed is that we are also using realtime tools. The ribbons are realtime invisible levels of supports and resistances and the Pivots are realtime tools, too. We will be using them in our advantage in order to filter some of the losses or false breakouts.

Another thing that will help us get the most not only of this system but from any system are the money management tecnniques, in order for them to work first we need a system with certain degree of success, like this, also the abilities of the trader are involved, the more you learn and read books the better you will trade any system.
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  • #354
  • Jan 2, 2020 8:01am Jan 2, 2020 8:01am
Quoting blanca
Good morning in this new year, Hi everybody and thank you for being part of this thread, I hope something goodd you will receive of it for your trading life, We are using a 5 min timeframe and there is noise in this timeframe just like there is noise in any other timerame, this is a breakout system and a follow trend system, {image}
Can i ask why you still have a dayjob, when been trading for 10+ years with a succesful system? You chose to keep working cause you like it that way, or?
  • #355
  • Edited 8:26am Jan 2, 2020 8:05am | Edited 8:26am
Sure Pagh,

My day job is being the Fund Manager of a currency and cfds broker in a WTC office in mexico city, I will be organizing a seminar soon in case you are interested, it is a job totally related to trading and that lets me trade all the time. Plus this is not the only system I have developed, as you can imagine in so many years, many things have been developed by me, even as we are speaking. I also trade remotely for a hedge fund in new York, if you want to see my profile you can find it in LinkedIn as Blanca Arizpe, Professional Futures Trader, in order to achieve something like that you need a license and studies as a chartist, I can tell you where to go and study if you are interested too. I am sure there are many talented people or even more talented than me in this forum so I found no reason to explain everything I do, but you are asking so I answer.

Now back to Trading
  • #356
  • Edited 9:00am Jan 2, 2020 8:27am | Edited 9:00am
In the chart above you will see a the market signaling a trade inside the ribbons, as we have mentioned the ribbons are levels of supports and resistance that are not fixed, they move as the market is moving at the same time and you will find that every time you see your charts the ribbons specially the smaller timeframes will keep changing.

In the example above you can see that in this case the signal appeared in a ribbon with some space, so in this case the trade is free to run, which it doesn't mean it will do it as free as if we were in empty space, but it sure can.

Now we see its safe to entry, the first thing we have to do is to find our target, it is absolutely important to never enter a trade without knowing which your target is, in this case we will be using the other extreme of the ribbon as target, which ifi you look closely it also agrees with the pivot.

In trading is a very common thing that you find that when a tool is confirmed by another usually is a sign that something you are doing right. Ok so we enter, we place our stoploss above the pivot and go to the next level. And the result is a trade that we could call by the book, look how the trade ended in our target, exactly there, that means not only we were right but no surprises, the plan was correct from beginning to end.

In my opinion in any system you don't have to be right all the time, not all the signals have to be successful and so far I have not seen any holy grail, probably it exists but I have not seen it yet, but what we can certainly do is to take everything positive we can from every signal, and money management tecnhiques are the key to do that, so please read about them, when you can.

Now the scanner, I have just uploaded and it will for sure help us specially to not be glued to the screen, but doesn't mean we do not have to do the work, of planning each and every trade we see, it does not mean that every signal it shows us is going to be correct or on time, also in the system we do not have to take all the signals, we will learn together how to cherrypick them the more we can, and also even during a loss how to take advantage of it in our favour we will be using money management techniques for that, so please when you can read about them, they are many kinds I will only show you one or two for this system but I am sure you will find more.
  • #357
  • Edited 9:23am Jan 2, 2020 9:07am | Edited 9:23am
Later I will be editing the first post to add the indicators, template and a brief explanation of the system so we all can get it right and easy to find. I will also start speaking about the rhythm of the instruments, they all have different rythms, indexes are not the same as currencies and not every currency moves at the same pace, so we will find in which ones this system works best, also please trade the system under the rules I gave you otherwise its useless to trade it if you don't find it useful there are many other systems in this forum to choose from, here is all about trading this system. Enjoy this new year guys and lets have fun together. XOXO
  • #358
  • Jan 2, 2020 9:14am Jan 2, 2020 9:14am
Quoting HitTheBid
{quote} I assume the thread starter Blanca is letting traders work the system out for his or herself before providing further information. i personally don’t see it as a system that will provide a lot of entries when rules are followed as the trigger filter 21 MA and 89 cci are not a great trigger in my opinion. A good percentage of those trigger entries you will receive will be after a move has been generated and the “easy” money has been taken out of the market, and the move is close to a pullback and shake out. There will be those trend breakouts...
I agree in your comment, I operate with another system, and I usually wait for the setbacks to make my entries. I put some tickets that I made today, one is a market operating according to the rules of the Blanca system, but as I think it will make a setback, I put a limited sale 1,45333. Now to wait
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  • #359
  • Jan 2, 2020 10:12am Jan 2, 2020 10:12am
Hallo Blanca.
I wish you a happy new year. It is the first time that I write something in this forum. I want to thank you, that you teach us to be a good trader and sharing your very good system with al your knowledge. I will follow you, because I am very shure that you know what you do.
So sorry about my english, I am a german but living in Lima Peru since 22 years.
Also thanks to everybody who give good informations into this thread, and a happy new year with a lot green pips.
It is a good way to have fun while learning.
Saludos
Michael.MSA
Don't trade because you think you have to do something.
  • #360
  • Jan 2, 2020 11:19am Jan 2, 2020 11:19am
Happy New Year to all!, started using this system, and until now, so far,so good...
Attached Image (click to enlarge)
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I know the effort that Blanca put to develop this system and to sick35 for the scanner, thank you both.

The scanner works great, but in my opinion it can be optimized with a few options..I'm going to put some of them here.. and maybe "Los Reyes Magos" will bring it...

a).Highlight the pairs that we are trading with different color, winners a color,losers another.
b).Highlight the pair when the first or second..bar alert is generated (if we are in a trade in that pair a NEW alert will be deactivated, maybe for the threshold duration?
3). Reset the scanner with new button colors if we choose to re-start trading
"Great Men are not born great, They Grow Great."
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