Payapa Trading System - Modified Ali's Version | Forex Factory

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Payapa Trading System - Modified Ali's Version

  • #1
  • First Post: Edited Jun 5, 2020 12:41pm May 8, 2020 2:11pm | Edited Jun 5, 2020 12:41pm
Hi all

Payapa trading system is not known widely in the Forex world and it can be Very Profitable

Best trading time frames are M15 and H1

i have modified the original system to be more simple to trade and believe me it's extremely simple.

i will attach the Templates and the indicators used
i will also attach the modification of Fibonacci to be used as SL and Profit Targets
this system should get you 3 RR Trades which is high in regards to other systems

There is 2 types of entries on this system one conservative and non conservative
Conservative:
Price should be at green support or red resistance on the indicator
candle should close above or below the MA

Non Conservative:
Price should be Between 70 & 90 or 30 & 10 on the indicator
candle should close above or below the MA

Profit Target should be set to Tp 3 using the Fibo indicator using the attached settings "ALWAYS A GOOD IDEA TO MOVE SL TO ENTRY AFTER PRICE REACHES TP1"

Best to stick to London and NY Session

KINDLY READ AND REVIEW AND LET'S ALL BE ON THE RIGHT SIDE OF THIS MARKET

Planning later for any good coders to provide a panel to get notifications when all setting align together so we get the signal on time and not stay on the PC all day all night

Update 11.5.2020
I have deleted the indicator of kayak which many people complained that it is repainting
small adjustments in the Moving averages to get better entry which will use now 21 EMA Median

Updated TPL attached

Also added 21 EMA to the Lower indicator which should lead the herd before entry
Updates Post #58

Update 11.5.2020 #2
Added TDI Indicator which is well know to filter out trades
update in post #61

Update 12.5.2020
Trade within trend or range with the use of TDI indicator checking daily chart
update post #109

Update 18.5.2020
the use of higher time frame RSI indicator to determin trend
attached on this post + adjusted TPL
Post #255

Update 22.5.2020
the use of TUX Trend Indicator which is attached in post #414
Great added tool to determine the trend and takes trades as pullbacks of bigger trends

Update 1.6.2020
TUX_Trend_Indicator v1.0_beta4 ... update
can be downloaded in the attached indicators

Update 5.6.2020
TUX_AutoFibo v1.1 ... update
On post # 544
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD Conservative.JPG Size: 271 KB
Click to Enlarge Name: GBPAUD Conservative.JPG Size: 280 KB
Click to Enlarge Name: EURJPY Non Conservative.JPG Size: 274 KB
Click to Enlarge Name: GBPNZD Non Conservative.JPG Size: 298 KB
Attached Images
Attached File(s)
File Type: ex4 KAYAKA 2019 FULL VERSION_TimeToNextCandle.ex4   9 KB | 5,896 downloads
File Type: tpl Payapa Ali.tpl   8 KB | 4,433 downloads | Uploaded May 18, 2020 11:46am
File Type: ex4 TrendStrength - RSI-MTF.ex4   16 KB | 4,187 downloads | Uploaded May 18, 2020 11:46am
File Type: ex4 TUX_Trend_Indicator.ex4   119 KB | 3,396 downloads | Uploaded Jun 1, 2020 1:48pm
  • #2
  • May 8, 2020 5:15pm May 8, 2020 5:15pm
Ufff.. isnt it too good to be true with a such a simple layout with common indicators you are opening the gates to heaven. Now one will come up with repainting issue another one will be asking if you have forward test it.. ummm what else is there??.. not much coming on to my mind on a friday evening...well I will just sit back and follow the show
  • #3
  • May 8, 2020 6:37pm May 8, 2020 6:37pm
Quoting Kxeroo
Ufff.. isnt it too good to be true with a such a simple layout with common indicators you are opening the gates to heaven. Now one will come up with repainting issue another one will be asking if you have forward test it.. ummm what else is there??.. not much coming on to my mind on a friday evening...well I will just sit back and follow the show
Can someone write an EA for it? (I'm hard of thinking).
All you touch and all you see, is all your life will ever be.
  • #4
  • May 8, 2020 8:04pm May 8, 2020 8:04pm
How many candles have to print before the arrows appears and does the arrow repaint once it appears?
  • #5
  • May 8, 2020 8:07pm May 8, 2020 8:07pm
Quoting Kxeroo
Ufff.. isnt it too good to be true with a such a simple layout with common indicators you are opening the gates to heaven. Now one will come up with repainting issue another one will be asking if you have forward test it.. ummm what else is there??.. not much coming on to my mind on a friday evening...well I will just sit back and follow the show

Well if people don't see complex stuff they start saying all sorts of things. How profitable this thing is repainting bla bla,
Anyway i am only putting it for people to try and they can decide
I just want a panel with all set of rules to nake things easier
I am sure in the end 5 to 10 % of people will take advantage of it and the rest will just find all sorts of shit stuff in it
  • #6
  • May 8, 2020 9:38pm May 8, 2020 9:38pm
The arrow definitely repaints. lol
  • #7
  • May 8, 2020 10:33pm May 8, 2020 10:33pm
Hey. I’ve been looking for the BTM system for a long time, you are looking then traded on it. Tell me what are the results? Still working on the BTM system?
  • #8
  • May 9, 2020 12:04am May 9, 2020 12:04am
Quoting AhmadYt
The arrow definitely repaints. lol
I've been looking at the bottom indicator, which are a combination of MAs, and it's a really interesting depiction of price movement. That indactor may be useful even if the arrows repaint.

Here is an example, Define the last swing on your charts and on the indicator, red lines, top/bottom. Do that on both the price chat and indicator. now wait for price to breakout of the swing range. If you have a bit of experience you may even realise you can draw a trendline,blue line over the top peaks on both the price chart and indicator. You could trade the breakout candle or wait until you get the first pullback to enter. You see the green up arrow on the chart but you don't even need if you have some idea of how to read the chart.

Keep in mind all of the breakouts won't be winners but I would bet that you will win more than you lose.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15 example.png Size: 89 KB
  • #9
  • Edited 3:39am May 9, 2020 3:26am | Edited 3:39am
Quoting AhmadYt
The arrow definitely repaints. lol
yes it repaints and whats wrong with that

as long as the whole setup is forming and the arrow appears we take the trade

a repainting indicator in a setup is not a problem

and your free to try before judging and laughing
  • #10
  • May 9, 2020 3:32am May 9, 2020 3:32am
Quoting ozziedave
{quote} I've been looking at the bottom indicator, which are a combination of MAs, and it's a really interesting depiction of price movement. That indactor may be useful even if the arrows repaint. Here is an example, Define the last swing on your charts and on the indicator, red lines, top/bottom. Do that on both the price chat and indicator. now wait for price to breakout of the swing range. If you have a bit of experience you may even realise you can draw a trendline,blue line over the top peaks on both the price chart and indicator. You could...

Good approach
  • #11
  • May 9, 2020 4:46am May 9, 2020 4:46am
Quoting oxotnik
Hey. I’ve been looking for the BTM system for a long time, you are looking then traded on it. Tell me what are the results? Still working on the BTM system?
I stopped long time ago
  • #12
  • May 9, 2020 4:51am May 9, 2020 4:51am
Quoting alhalawi
{quote} I stopped long time ago
Why? You wrote that the system is profitable.
  • #13
  • May 9, 2020 8:08am May 9, 2020 8:08am
Quoting ozziedave
{quote} I've been looking at the bottom indicator, which are a combination of MAs, and it's a really interesting depiction of price movement. That indactor may be useful even if the arrows repaint. Here is an example, Define the last swing on your charts and on the indicator, red lines, top/bottom. Do that on both the price chat and indicator. now wait for price to breakout of the swing range. If you have a bit of experience you may even realise you can draw a trendline,blue line over the top peaks on both the price chart and indicator. You could...
The lower indicator is just the rsi and the moving average of prices. I can't see what value there is in this as they aren't related in value. It looks good until you drill down into it. I am not making any comment on the strategy as I haven't seen any explanation of how it is supposed to work, yet.
  • #14
  • May 9, 2020 8:45am May 9, 2020 8:45am
Quoting Spikehunter
{quote} The lower indicator is just the rsi and the moving average of prices. I can't see what value there is in this as they aren't related in value. It looks good until you drill down into it. I am not making any comment on the strategy as I haven't seen any explanation of how it is supposed to work, yet.
Seen a few people be very successful with this. The over sold areasmove tho as they are moving averages, when the screen moves, the mas that where in over sold conditions initially, are now at 50% because price continued down. Its ok if using daily and drilling down in my opinion. It is however better than most strategies and worth looking at
  • #15
  • Edited 9:20am May 9, 2020 9:06am | Edited 9:20am
Subscribed! Liking it! What realy nice is the bottom RSI. No matter when the arrows are repainting just a trigger i guess.
Stick to the plan!
  • #16
  • May 9, 2020 11:38am May 9, 2020 11:38am
Quoting dazjw2311
{quote} Seen a few people be very successful with this. The over sold areasmove tho as they are moving averages, when the screen moves, the mas that where in over sold conditions initially, are now at 50% because price continued down. Its ok if using daily and drilling down in my opinion. It is however better than most strategies and worth looking at
Thanks but I really didn't need a description. It was more of a comment. I like the use of using indicators in ways that they weren't designed for. Have been trying novel combinations for years and haven't seen this before. I will add it to my own strategy and see if it adds any value.
  • #17
  • May 9, 2020 11:54am May 9, 2020 11:54am
i will send tomorrow some screenshots for further tricks in the system so we get higher probability trades
  • #18
  • May 9, 2020 12:07pm May 9, 2020 12:07pm
Quoting Spikehunter
{quote} Thanks but I really didn't need a description. It was more of a comment. I like the use of using indicators in ways that they weren't designed for. Have been trying novel combinations for years and haven't seen this before. I will add it to my own strategy and see if it adds any value.
didnt need a description. ??? I was only replying to your response. No need to be rude. I was actually describing how useful it could be. Some people on here jesus
  • #19
  • May 9, 2020 12:53pm May 9, 2020 12:53pm
as i said there is some tricks for higher probability trades

in the rsi indicator we should see some blanc space between the MAs and the RSI line that goes from the 50 area to the support or resistance area

i have attached some pairs to show when we have the blanc space and when we don't

in this wat we trade only the higher probability ones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD.JPG Size: 266 KB
Click to Enlarge Name: EURGBP.JPG Size: 313 KB
Click to Enlarge Name: EURSGD.JPG Size: 275 KB
Click to Enlarge Name: GBPSGD.JPG Size: 271 KB
  • #20
  • May 9, 2020 1:10pm May 9, 2020 1:10pm
Quoting Spikehunter
{quote} Thanks but I really didn't need a description. It was more of a comment. I like the use of using indicators in ways that they weren't designed for. Have been trying novel combinations for years and haven't seen this before. I will add it to my own strategy and see if it adds any value.
Sorry didn't mean to be rude.
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