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Price Action System/Indicator

  • #341
  • Jun 7, 2020 10:50am Jun 7, 2020 10:50am
Attached File(s)
File Type: ex4 Round Numbers Indicator.ex4   30 KB | 914 downloads
  • #342
  • Jun 7, 2020 4:28pm Jun 7, 2020 4:28pm
Quoting Spudfan
Hi Zoheb01, this is a great set of ideas and combination of indicators. Thank you. I have some questions based on the NZDCAD H1 chart below. How would you handle the fact that the two pinbars do not coincide with the RSI MTF signal, even though the RSI signal follows soon after the pinbar, and a bit later the second pinbar follows closely after the RSI signal - would you combine them due to their proximity or score them as they stand in real time only? Maybe let me answer my own question and see if I'm on the right track. If this were a live situation...
Thanks for the example and question.

When the 172 pin bar is formed, your analysis is correct you would of had 2/4. If the next bar did not break the low of the pin bar I would have waited for the MACD divergence cross (even if you did that it would of still failed).

If you traded the 172 pin bar you would of lost 1.5%.

The next setup would be the 2 pin bar would be 3/4 as you had the RSI OB on multiple TFs. As you said this also failed an would of lost 2%.

The last setup of the 1 pin bar which only had 1/4 as you only had the round number. This made the 1-1 (and more) and would have pocketed a minimum of 1%.

Overall you would of have slightly down, but you can see from the chart that how price respected the round number level as resistance and did eventually drop.

Your on the right track with your thought process...keep practicing!
Never stop investing. Never stop improving. Never stop doing something new
  • #343
  • Jun 7, 2020 4:29pm Jun 7, 2020 4:29pm
Quoting Spudfan
{file}
Thanks for much!
Never stop investing. Never stop improving. Never stop doing something new
  • #344
  • Jun 8, 2020 3:04am Jun 8, 2020 3:04am
Quoting zoheb01
My trading has evolved over the last 2 years (for the better!) and now bring other technical tools when analysing a trade setup. So I've created a new video of how I'm trading Pin bars today using my OGT Price Action Indicator (and other indicators). The video goes into detail of the entry setup, risk management, where to enter, stop loss and profit targets. I hope you can incorporate the elements to your trading. Any questions just shout! For ease, I've attached all the indicators mentioned in this video. https://youtu.be/EiK5ytil2Po...
Awesome work, which timeframe do you prefer??
  • #345
  • Jun 8, 2020 3:38am Jun 8, 2020 3:38am
Hi Zoheb01, if you have the source code for the RSI MTF indicator could you add an option to switch off the alerts. I'm asking this because I will respond only when I see a pinbar alert and don't want to be cluttered up with RSI alerts (unless I choose that). Thanks
  • #346
  • Jun 9, 2020 3:37pm Jun 9, 2020 3:37pm
Quoting Beren
{quote} Awesome work, which timeframe do you prefer??
Probably not the answer you want to hear but it depends. If your busy, then you will prefer to higher time frames, if you can be flexible and prefer to be more active in the market, then lower time frames.

Good an bad setups occur on all time frames, and your analysis on where these candlestick formations occur on the chart is most important
Never stop investing. Never stop improving. Never stop doing something new
  • #347
  • Jun 9, 2020 3:38pm Jun 9, 2020 3:38pm
Quoting Spudfan
Hi Zoheb01, if you have the source code for the RSI MTF indicator could you add an option to switch off the alerts. I'm asking this because I will respond only when I see a pinbar alert and don't want to be cluttered up with RSI alerts (unless I choose that). Thanks
Thanks for this, I will look into this. In the interim, remove the RSI MTF from your chart and apply it when the pin bar alert triggers.
Never stop investing. Never stop improving. Never stop doing something new
  • #348
  • Jun 12, 2020 4:31pm Jun 12, 2020 4:31pm
Quoting pipshunting
Hi zoheb01, Many thank for your effort to make incredible tools. There are some cases I wondering that why it is not detect an engulfing signal as attached image. Or is there something to modify in my indicator settings? Cheer! {image}
Sorry for taking a long time to reply, but completely missed this.

The reason is because the body is not engulfing the previous candle
Never stop investing. Never stop improving. Never stop doing something new
  • #349
  • Jun 14, 2020 7:24am Jun 14, 2020 7:24am
I wanted to share my latest video to my threads where relevant.

The video walks you through my analysis of two previous trade setups. It shows how you can use multiple technical tools to make a decision whether to place a trade.

The technical tools used are:

  1. Natural support and resistance at round number levels
  2. OGT price action indicator (pin bar candlestick pattern)
  3. OGT RSI MTF indicator
  4. Divergence

I hope you find it useful. Any questions let me know.

Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
  • #350
  • Jun 28, 2020 3:36am Jun 28, 2020 3:36am
Hi Zoheb01,
Firstly I just recently 3 days ago found this forum and OGT indicator through searching Google for a beginner. I am very new to forex and many abbreviations I need time to look for what's it is all about.
I've been reading through your post and going fews video of yours. I find it very informative and useful. Nothenless some I go through few time to get it. I do have a small request and if what I request, if someone has already requested it before maybe I missed reading it. Do point me to it then. My request may I know for a totally newbie where should I start from your sharing. What I mean in what order order should I start first from your sharing.

Totally new.
  • #351
  • Jun 29, 2020 2:49pm Jun 29, 2020 2:49pm
Quoting tcR1
Hi Zoheb01, Firstly I just recently 3 days ago found this forum and OGT indicator through searching Google for a beginner. I am very new to forex and many abbreviations I need time to look for what's it is all about. I've been reading through your post and going fews video of yours. I find it very informative and useful. Nothenless some I go through few time to get it. I do have a small request and if what I request, if someone has already requested it before maybe I missed reading it. Do point me to it then. My request may I know for a totally...
Thanks for reaching out.

Here is a few playlists of mine which I think will add the most value:

All my indicators / playlist - https://www.youtube.com/playlist?lis...qot09_55-Mo-pz

Confluence Trading - https://www.youtube.com/playlist?lis...D9hMaquYcE1DEy

Forex Scalping Strategy Course - https://www.youtube.com/playlist?lis...2RhpqEJ7eqjh_l

Hope it helps. Any questions let me know
Never stop investing. Never stop improving. Never stop doing something new
  • #352
  • Jun 29, 2020 6:04pm Jun 29, 2020 6:04pm
Quoting tcR1
Hi Zoheb01, Firstly I just recently 3 days ago found this forum and OGT indicator through searching Google for a beginner. I am very new to forex and many abbreviations I need time to look for what's it is all about. I've been reading through your post and going fews video of yours. I find it very informative and useful. Nothenless some I go through few time to get it. I do have a small request and if what I request, if someone has already requested it before maybe I missed reading it. Do point me to it then. My request may I know for a totally...
babypips.com
  • #353
  • Jun 30, 2020 2:51pm Jun 30, 2020 2:51pm
Missed this beautiful pin bar! I was on a Zoom

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 147 KB
Never stop investing. Never stop improving. Never stop doing something new
  • #354
  • Jul 1, 2020 10:45am Jul 1, 2020 10:45am
Quoting zoheb01
Hey guys, after reading this forum for a long time and obtaining so much value I thought it was only fair that for my first post I would give some value back to the community. My preferred trading style is price action/candle stick patterns as it makes the most sense to me. I’ve read pretty much all of Steve Nison’s content. I then came across Walter Peters book the Naked Forex and was instantly hooked. His rules were clear which made it easy to identify certain patterns. My problem was is that I would have to sit there and check each bar if the...



Thanks for your continuing work. Is there any way that you could add FORWARD engulfing to the mix? I am looking for something that will alert me when for instance the 1pm candle engulfs the 2pm one. Would be great if it also checked all time frames at the same time so that I could put up one chart, but to just have it scan for forward engulfing would be of great help. Thank you.
Don't compare your trades to others. Most often the masses are the asses
  • #355
  • Jul 1, 2020 11:17am Jul 1, 2020 11:17am
Quoting zoheb01
Hey guys, I've created a new video that shows the best settings for the engulfing bar indicator. It includes for trend and counter trend traders. Also added the templates which you can download. https://www.youtube.com/watch?v=z627Kd7VOfo&t Trend trading engulfing template: {file} Reversal trading engulfing template: {file}

When I add the template it removes the OTG indicator and I am only left with bollinger bands. Am I applying the template correctly?
Don't compare your trades to others. Most often the masses are the asses
  • #356
  • Jul 2, 2020 12:03pm Jul 2, 2020 12:03pm
Hi, I am brand new to this thread and i have been trying to download the OGT Indicator but it isn't downloading properly or i just dont know how to download it. Can anyone help me solve this issue please. Thank You.
  • #357
  • Jul 2, 2020 1:29pm Jul 2, 2020 1:29pm
I also am unsure of how to bring the indicator to Tradingview, as i do use tradingview and not MT4. Do i have to have MT4 to take advantage of the indicator?
  • #358
  • Jul 4, 2020 4:50am Jul 4, 2020 4:50am
Quoting amjadma
I also am unsure of how to bring the indicator to Tradingview, as i do use tradingview and not MT4. Do i have to have MT4 to take advantage of the indicator?
Correct, this is not for Tradingview it is only for MT4 platform.
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #359
  • Jul 22, 2020 3:37pm Jul 22, 2020 3:37pm
hi sir any update about your otg price action expert
  • #360
  • Jul 26, 2020 4:40am Jul 26, 2020 4:40am
Hey Traders

I’ve created a number of indicators, and the most common questions I get are:

What is my “best” indicator and what are the “best” settings?

This week I’ve decided to share the MT4 template of how I setup my MT4 chart and the indicators I’m currently using to trade the Forex markets.

The video below walks through the template of what indicators I use and how I use them. I share examples of previous trades and how I use the indicators to tell me a story of what’s happening on the chart and whether to enter.

Inserted Video

List of indicators needed for the template:

OGT Price Action Indicator v1.3
OGT Trend Dashboard Indicator v1.1 (Need to change Symbol when loaded, watch video)
OGT RST MTF Indicator v1.1
Moving Averages (part of MT4 platform)
Round Numbers Indicator (Free from MQL5 marketplace – watch video)
MACD LWMA v1.01 Indicator (not my indicator but love it!)

Indicators attached for ease.

Attached File(s)
File Type: ex4 MACD LWMA v1.01.ex4   11 KB | 965 downloads
Attached File(s)
File Type: ex4 OGT Price Action Indicator v1.3.ex4   47 KB | 1,221 downloads
Attached File(s)
File Type: ex4 OGT RSI MTF Indicator v1.1.ex4   15 KB | 987 downloads
Attached File(s)
File Type: ex4 OGT Trend Dashboard v1.1.ex4   57 KB | 1,682 downloads



Attached File(s)
File Type: tpl OGT Trading MT4 Template.tpl   21 KB | 940 downloads

Any questions let me know.

Zoheb.
Never stop investing. Never stop improving. Never stop doing something new
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