Mixed Market Indicators System

MMIS.

I have put together 3 indicators plus the 50EMA and came up with a system.

It is actually something new so please don't ask whether it works or not, just try it. Also if you can come up with rules of your own that work, share with all.

tnx.

These indicators only work with EURUSD 1hr. This is the restriction from the authors because these indis are not free.

But don't worry this is actually good for us because it will keep us focused on 1 timeframe and 1 currency.

Now everything I say here is just a suggestion. Try it on demo don't use it on real account.

I have to say beforehand that this is not a scalping system; if you come up with a way to scalp using these indis let us know.

so below you will see the chart and link for template and indis(I hate when people drag it on before postint inids and templates. its just stupid)

The arrows on chart belong to the indicator all the way at the bottom CEF Scalper. It is up to you to wait for those arrows before taking a trade, however you can take a trade without those arrows present, CEF scalper is just an extra filter you don't have to use it.

Its really simple. When bermaui is yellow dont trade.
when bermaui is red, CEF Auction is red and the price is below 50 EMA we look for sells. when these conditions are met you could either wait for CEF scalper to give a sell arrow or simply wait for a pull back than close below last candle to enter. You could also be extra careful and let the price bounce off 50 ema and close low.
for buys just reverse the sell conditions. that's it.

most important: for stop losses you should choose a number you are comfortable with, try not to choose 5 pips or 15 pips . Try to go for daily atr or daily atrx2 but limit your positions size(risk%). The reason I say this is when the above conditions are met the price fluctuates up and down but in the end you end up with a winner when the opposite signal comes on. If you are in a sizable profit(1xatr or 2xatr or more) start trailing to the latest high/low.

let me know what you guys think.

tnx.


p.s. I dunno about the CEF scalper but the others do not repaint( I used bluefx tester) but I'm no expert so if you are good with testing these things let everyone know.

There is a sell signal with the Cef Scalper.

Demo trade this sell , stop loss goes on top of the arrow around 1.0845

Finally its going down.

ADR is 166 pips.

you can trail it after 166 or tp.

@hibra68 ,So sorry, The three indicators of your Mixed Market Indicators System can't work,can you check them?

"... This is the restriction from the authors because these indis are not free."

Does this mean that at some point the indicators will stop working and to continue using them I would have to purchase them?
Thanks.

Kun, goto Terminal>market and search for them at the search bar at your mt4.

Or maybe you did not place the indi's in the right directory. So first check that you have them in the right directory.

Go to File >Open Data Folder >MQL4 > Indicators. place the indicators that I posted into the "Indicators" folder there.

Or just do what I said in the first sentence.

I don't know if there is a expiration on the indis. I did not write them, nor did I check to see if there was an expiration.

Usually when the author limits the indi to 1 pair and 1 timeframe, there is no expiration for that timeframe and pair.

These are not indis that I have traded on nor did I demo them. I only did a visual backtest real fast and thought it was worth sharing.

So I'm learning how these work as I go.

Latest thing I found is the blue horizonal line.

Look at the chart I circled the candle that the blue line formed at, and it never repainted. So that is something to look for as an extra filter element.

I placed a vertical line for the first signal, and another vertical line for the second signal. You can check out and see how those work.

The idea behind the first signal(vertical line); 1.the blue horizontal line formed 2.wait for price to close above 50ema.
The idea behind the second signal(vertical line); 1.the blue horizontal line formed. 2. All 3 indicators are green.

This is what I was talking about when I said look for ways to trade these indis and share.