Payapa Trading System - Modified Ali's Version | Page 22 | Forex Factory

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Payapa Trading System - Modified Ali's Version

  • #421
  • May 22, 2020 6:34am May 22, 2020 6:34am
Quoting alhalawi
{quote} Surely because at pullback the H4 will always show different trend than Daily and weekly i personally removed the H4 when trading the 1Hour chart i can be used to determine the trend of H4 trading the 5 minutes chart maybe
yes i also don't use h4's trend for trading in h1 chart. in h1 i look to trend of d1 and w1, but sometimes if even all conditions are met, it leads to early entering trade. that i think this feature can help to keep us from early entering trade.
  • #422
  • May 22, 2020 6:36am May 22, 2020 6:36am
Quoting tuxTrader
{quote} yes i also don't use h4's trend for trading in h1 chart. in h1 i look to trend of d1 and w1, but sometimes if even all conditions are met, it leads to early entering trade. that i think this feature can help to keep us from early entering trade.
so there is an update that will show a red dot in H4 rectangle which indicates early signs ?
  • #423
  • May 22, 2020 6:41am May 22, 2020 6:41am
Quoting alhalawi
{quote} so there is an update that will show a red dot in H4 rectangle which indicates early signs ?
I haven't started implementing this feature yet, but i will start when i have time. also you can define to have it on any timeframe that you want, not only h4.
  • #424
  • May 22, 2020 6:47am May 22, 2020 6:47am
Quoting tuxTrader
{quote} I haven't started implementing this feature yet, but i will start when i have time. also you can define to have it on any timeframe that you want, not only h4.
That will be amazing
  • #425
  • Edited 7:33am May 22, 2020 7:23am | Edited 7:33am
When I look at the MA's inside the RSI levels it looks amazing how the price is moving from support and resistance, looking forward to test this strategy
R:R also looks great in this system.
  • #426
  • May 22, 2020 8:54am May 22, 2020 8:54am
Quoting padletut
When I look at the MA's inside the RSI levels it looks amazing how the price is moving from support and resistance, looking forward to test this strategy R:R also looks great in this system.
That's the exact thing needed to find support and resistance areas of significance to take trades within higher time frame trend with a good RR

good luck and trade safe
  • #427
  • May 22, 2020 9:07am May 22, 2020 9:07am
@alhalawi, with the system do you hold trades over night and the weekend or you close them?
  • #428
  • May 22, 2020 9:14am May 22, 2020 9:14am
Quoting Pumi
@alhalawi, with the system do you hold trades over night and the weekend or you close them?
Overnight for sure
During the weekend it depends on news and if i got good rr and if my SL is covered etc.
  • #429
  • May 22, 2020 9:20am May 22, 2020 9:20am
Quick question....Do you guys use the BLACK and BLUE EMA to determine when to enter into a trade?
  • #430
  • May 22, 2020 11:47am May 22, 2020 11:47am
Quoting Winnigag
Quick question....Do you guys use the BLACK and BLUE EMA to determine when to enter into a trade?
i don't
  • #431
  • May 22, 2020 4:24pm May 22, 2020 4:24pm
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
Can we have arrows in the chart (when the overbought/oversold conditions are met ) which remain even when this kind of repositioning occurs? This will really help in analysing back signals.
Thanks.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #432
  • May 22, 2020 7:17pm May 22, 2020 7:17pm
Quoting Winnigag
Quick question....Do you guys use the BLACK and BLUE EMA to determine when to enter into a trade?
As further confirmation, (though it can make ur entries late....if u use it as ur trigger)
Blue cross over . Black below..,BULLISH
Blue cross under..... Black above. BEARISH.

Even if the MAs move ....that association never changes.

Just my observation....Have a great weekend guys. To beLocked and loaded for the new week.....backtest and get some reat
  • #433
  • May 23, 2020 4:19am May 23, 2020 4:19am
Quoting OmegaFire
{quote} That's exactly the point I've been trying to make. The RSI Composite TrendStrenght indicator and the 21EMA are absolutely more important because they give us an OVERALL PICTURE of what is happening on the other timeframes while the RSI & multiple EMA for Support and Resistance on the lower window only shows you what is happening on the 1H only which can be deceptive. If you focus on only the 1H and waiting to enter trades, you might see as if the SUPPORT and RESISTANCE is reached without knowing that theres space on other timeframes. But...

hello OmegaFire,

read all your posts here your are emphasizing on TrendStrenght and your trades backed by this indicator mostly, could you please share the idea of this indicator, i mena how it determine the values. so that we can understand more clearly how to use it properly.

thanks.
  • #434
  • May 23, 2020 4:44am May 23, 2020 4:44am
Sir
Is it possible to create dashboard for hourly 4 hourly time frames where the ma s are in resistance zone r support zone
Use full to know the direction on one go
  • #435
  • May 23, 2020 10:44am May 23, 2020 10:44am
Trying to scale this template down to M15 or even M5.
  • #436
  • May 23, 2020 12:50pm May 23, 2020 12:50pm
Quoting deepabala
Sir Is it possible to create dashboard for hourly 4 hourly time frames where the ma s are in resistance zone r support zone Use full to know the direction on one go
well that's my aim to have a dashboard to show when conditions are met even when indicator is at zones

but i am not a programmer so hopefully one day it can happen with some contributions of a programmer to take this system to a new level
  • #437
  • May 24, 2020 12:03pm May 24, 2020 12:03pm
Alhalawi,

So now, you look at the Tux Trend Indicator and you only buy if it's blue, only sell if it's red?
But even then you have fake entry's?

For example: You have the perfect setup and the candle crosses the EMA, sometimes after that it makes another high...
How to avoid that?

Thank you in advance
  • #438
  • May 24, 2020 1:26pm May 24, 2020 1:26pm
Quoting Daniel007
Alhalawi, So now, you look at the Tux Trend Indicator and you only buy if it's blue, only sell if it's red? But even then you have fake entry's? For example: You have the perfect setup and the candle crosses the EMA, sometimes after that it makes another high... How to avoid that? Thank you in advance
i think following up with some coming up setups to see how to take entries

and it is very important to have some knowledge in some price action as for example fibo pullback, head and shoulders, double tops and bottoms, trend lines to add value to your entries
  • #439
  • May 24, 2020 3:15pm May 24, 2020 3:15pm
Oh ok thanks!

You always go for TP2 and TP3?
  • #440
  • May 24, 2020 4:06pm May 24, 2020 4:06pm
Quoting padletut
When I look at the MA's inside the RSI levels it looks amazing how the price is moving from support and resistance, looking forward to test this strategy R:R also looks great in this system.
I am sorry for disapoiting you but if you trade this system in realtime not loooking on signals on chart history,you will change your mind about system.want proof - run it on strategy tester on visual mod what is availablein standart mt4
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