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Payapa Trading System - Modified Ali's Version

  • #81
  • May 11, 2020 1:09pm May 11, 2020 1:09pm
NZDCHF

All rules met trade taken today

SL to BE heading to TP3
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.png Size: 54 KB
  • #82
  • May 11, 2020 1:37pm May 11, 2020 1:37pm
Quoting alhalawi
Ok some people have mentioned TDI which is known in the forex world if you want also to use the combination i have attahced the indicator here and see how the 2 set of rules meet to be also EXTRA CAREFUL in your trading another thing to mention is you can always set your trade to BE once price is at TP1 and once at TP2 you can put your position on TP1 and so on "kind of trailing stop" {file} {file} {image}
The five trades I took today ended nicely

You have done well my friend.

Don't complicate things with other introductions

And if anyone have auto Fibonacci indicator, edited to show TP's levels should share, please
  • #83
  • May 11, 2020 2:06pm May 11, 2020 2:06pm
hey, im wondering if i should use the tdi or not?
  • #84
  • May 11, 2020 2:47pm May 11, 2020 2:47pm
Quoting haritztorisz
hey, im wondering if i should use the tdi or not?
Just forget the TDI and concentrate on the files in post one page one
  • #85
  • May 11, 2020 11:12pm May 11, 2020 11:12pm
Looks nice
Broke Broker Robber Band
  • #86
  • May 12, 2020 1:39am May 12, 2020 1:39am
Good morning

can some advise me please, ive set up the template and for some reason my usa/cad pair is showing the fibo tp levels, but its not indicated on any other pairs?

Does the fibo automatically appear when price has hit the support or resistance line or do I have to manually add

I cant see it in my indicators list on the template

Thank you in advance
  • #87
  • May 12, 2020 1:41am May 12, 2020 1:41am
Quoting bigbadbarry
Good morning can some advise me please, ive set up the template and for some reason my usa/cad pair is showing the fibo tp levels, but its not indicated on any other pairs? Does the fibo automatically appear when price has hit the support or resistance line or do I have to manually add I cant see it in my indicators list on the template Thank you in advance

no please delete it and save the template again

i might have drawn it and saved the template so it is still there
  • #88
  • May 12, 2020 1:47am May 12, 2020 1:47am
ok thanks, so I manually add the fibo levels once s/r area has hit?

Thank you again
  • #89
  • May 12, 2020 1:50am May 12, 2020 1:50am
Quoting bigbadbarry
ok thanks, so I manually add the fibo levels once s/r area has hit? Thank you again
yes add the settings of the fibs from post one

and when you get a setup to enter you can set the fibs to get the target levels set
  • #90
  • May 12, 2020 3:49am May 12, 2020 3:49am
Hi. Thanks Alhalawi for this system!

I left the Arrow in the Chart; it doesn't bother me repainting but somehow confirms that this particular high/low is valid.
I did some tweaking though in the lower window; it did bother me that lines go higher and lower (do not stick in the red and green zone) when squeezing the chart a bit.
I think I found a good combination in RSI (for having the levels and Buy/Sell Zones), Williams %R 60, and MA 30, Exponential, Previous Indicator's Data. The window shows the touches of the Green and Red areas plus the crossing of MA 30 over Williams %R (as confirmation of crossing price of EMA 21 in the Main Chart).
Please have a look if it adds something to further developement.

Regards, Ben

Attached Image (click to enlarge)
Click to Enlarge Name: PayapaAli+Williams.png Size: 40 KB

Attached File(s)
File Type: tpl Payapa Ali+Williams.tpl   3 KB | 702 downloads
  • #91
  • May 12, 2020 4:04am May 12, 2020 4:04am
Quoting alhalawi
{quote} always open for new ideas to improve it bro
of course i will help if i can.
  • #92
  • May 12, 2020 4:21am May 12, 2020 4:21am
Thanks Ben.
How do I place the green and red levels (oversold/overbought) and 90, 70, 30 and other levels in the MA/Williams window (they are not visible on your template that I downloaded)

Thanks.
  • #93
  • May 12, 2020 5:22am May 12, 2020 5:22am
Quoting MidnightRun
Thanks Ben. How do I place the green and red levels (oversold/overbought) and 90, 70, 30 and other levels in the MA/Williams window (they are not visible on your template that I downloaded) Thanks.
Hello MidnightRun,

Maybe you should wait till Alhalawi has approved my tweaking till you start using it...???
Butok, there is no harm in explainging how to change settings in general.
For çhanging these setting right-click on your chart and choose 'Indicators'. Then double click on RSI and choose 'Levels' and make your changes..

Attached Image (click to enlarge)
Click to Enlarge Name: LevelsSettings.png Size: 78 KB


Regards, Ben
  • #94
  • May 12, 2020 6:47am May 12, 2020 6:47am
Quoting campco
Hi. Thanks Alhalawi for this system! I left the Arrow in the Chart; it doesn't bother me repainting but somehow confirms that this particular high/low is valid. I did some tweaking though in the lower window; it did bother me that lines go higher and lower (do not stick in the red and green zone) when squeezing the chart a bit. I think I found a good combination in RSI (for having the levels and Buy/Sell Zones), Williams %R 60, and MA 30, Exponential, Previous Indicator's Data. The window shows the touches of the Green and Red areas plus the crossing...

Hello, i think your way of putting williams gives false entries as the EURNZD attached

your way have given a false entry while payapa did not at that time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD .png Size: 54 KB
Click to Enlarge Name: EURNZD no entry.png Size: 59 KB
  • #95
  • Edited 7:27am May 12, 2020 7:02am | Edited 7:27am
Hi,

I tweaked the window indicators a bit further. I changed the setting of Williams %R (Blue) from 60, into 50.
Next to that I changed the MA (Black) settings as well. Now I have it at: 'Period': 21, 'Shift': 0, MA 'Method': Smoothed

Maybe, instead of the Arrow, this MA indicator can be of help; when it bends down it turn red, when up it turns blue and in case it stays flat it will be black (or, of course any colors that fit your layout)

Regards, Ben

Attached File(s)
File Type: ex4 MA in Color.ex4   12 KB | 583 downloads

Attached File(s)
File Type: mq4 MA in Color.mq4   4 KB | 557 downloads

Attached File(s)
File Type: tpl Payapa Ali+Williams.tpl   4 KB | 583 downloads
  • #96
  • Edited 7:31am May 12, 2020 7:21am | Edited 7:31am
Quoting alhalawi
{quote} Hello, i think your way of putting williams gives false entries as the EURNZD attached your way have given a false entry while payapa did not at that time {image} {image}
Hi, Thanks Alhalawi, for your comment.

In the EURNZD example is either to me a valid trade as the Arrow is missing. I do not only look at the Williams. But since you abandoned the use of the repainting Arrow you get a false trade.
On the other hand, and for that purpose I started looking for another indicator, the Williams / MA combination is a stable one; whatever changes you make with the chart (squeezing, widening), it will not effect the indications of the the indicators in the window...
As I have 8 charts open in one screen, they are all less wide then displayed in a full screen, which gives a totally different picture when using the indicators you chose... for me that doesn't work, although the idea of this way of trading I like very much.
Maybe you have another way of tackeling this unstableness....?

By the way, I have changed the .tpl a bit and renewed it in the post #95 above.

Regards, Ben
  • #97
  • May 12, 2020 8:09am May 12, 2020 8:09am
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 45 KB
  • #98
  • May 12, 2020 8:14am May 12, 2020 8:14am
Quoting rgonzalez
{quote} Thank you very much for this awesome strategy... I've plotted some arrows showing major reversals and boxes showing major pull backs.... This strategy looks to be a money maker.... {image}

Could you please share this indicator of pullback i think it might be interesting
  • #99
  • May 12, 2020 8:20am May 12, 2020 8:20am
Quoting ingo3344
{image}

well setup is not valid but it might end up in profit

as i explained earlier there should be a blanc space between the MAs in the indicator as shown in the attachment

Also please attached is the simple TP used where we have a 21 ema that should lead before the signal to be valid at the bottom
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 63 KB
Attached File(s)
File Type: tpl Payapa Ali.tpl   5 KB | 619 downloads
  • #100
  • May 12, 2020 8:59am May 12, 2020 8:59am
thank you, grateful for any further help
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