Trading like banks: Risk ON / OFF | Forex Factory

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Trading like banks: Risk ON / OFF

  • #1
  • First Post: Nov 7, 2020 8:31am Nov 7, 2020 8:31am
At moment SENTIMENT DAILY is RISK OFF
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  • #2
  • Nov 7, 2020 8:37am Nov 7, 2020 8:37am
Yes
  • #3
  • Nov 7, 2020 8:52am Nov 7, 2020 8:52am
Weekly sentiment: Risk on
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  • #4
  • Nov 7, 2020 9:15am Nov 7, 2020 9:15am
Hi, How can I found sentiment indicator? Codes or mq4 file? Thank you.
  • #5
  • Nov 7, 2020 10:03am Nov 7, 2020 10:03am
Is this indicator coded by you?
Can you tell us a bit more on how to use it?
  • #6
  • Edited 11:25am Nov 7, 2020 11:10am | Edited 11:25am
Quoting Merka
Is this indicator coded by you? Can you tell us a bit more on how to use it?
It's my experiment & it helps me to read SENTIMENT. Then it advese me what to buy (Blue Symbols) or to sell (Red Symbols)

It plots:

- when sentiment is started
- if it is ON or OFF
- actual pips movement of Symbols advised
  • #7
  • Nov 7, 2020 12:31pm Nov 7, 2020 12:31pm
Quoting helioss
{quote} It's my experiment & it helps me to read SENTIMENT. Then it advese me what to buy (Blue Symbols) or to sell (Red Symbols) It plots: - when sentiment is started - if it is ON or OFF - actual pips movement of Symbols advised
Cool
Are you going to share with the community?
  • #8
  • Nov 7, 2020 1:05pm Nov 7, 2020 1:05pm
Quoting Merka
{quote} Cool Are you going to share with the community?
Before Let's see if it works
  • #9
  • Nov 8, 2020 1:34am Nov 8, 2020 1:34am
Added also index stocks , so now it is complete

WEEKLY sentiment is RISK ON but the only strange movement is GOLD, it is STRONG when in RISK ON it should be weak.
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  • #10
  • Nov 9, 2020 2:46am Nov 9, 2020 2:46am
RISK ON is still STRONG
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  • #11
  • Nov 9, 2020 2:51am Nov 9, 2020 2:51am
Quoting helioss
Added also index stocks , so now it is complete WEEKLY sentiment is RISK ON but the only strange movement is GOLD, it is STRONG when in RISK ON it should be weak. {image}
careful beacuse since march gold is following equities. becoming risk on at the moment.

anyway. nice indicator. may i suggest to add the date on it?
Twitter: Rummer_grapes
  • #12
  • Nov 9, 2020 3:02am Nov 9, 2020 3:02am
Quoting Bacco
{quote} careful beacuse since march gold is following equities. becoming risk on at the moment. anyway. nice indicator. may i suggest to add the date on it?
Date is present, it is the start of risk ON and date of entry points

It's true in these months GOLD wolks on its way.....not to be correleted to normal macro scenarios
  • #13
  • Nov 9, 2020 4:11am Nov 9, 2020 4:11am
Ger30 speed UP..... +700pips in 2h..... it's nice to be on right side

Attention: GOLD is loosing power....
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  • #14
  • Nov 9, 2020 5:07am Nov 9, 2020 5:07am
Waiting NY open....
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  • #15
  • Nov 9, 2020 6:16am Nov 9, 2020 6:16am
Perfect RISK ON, 4 check OK
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  • #16
  • Nov 9, 2020 10:52am Nov 9, 2020 10:52am
Sentiment Stable
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  • #17
  • Nov 9, 2020 10:55am Nov 9, 2020 10:55am
Quoting helioss
Sentiment Stable {image}
Is these indicator for mt4 or what? Can you share it!?
  • #18
  • Nov 9, 2020 11:01am Nov 9, 2020 11:01am
Quoting mizi123
{quote} Is these indicator for mt4 or what? Can you share it!?
It's for MT4....at momement is a buid version, i have to test if it works
  • #19
  • Nov 9, 2020 11:02am Nov 9, 2020 11:02am
Quoting helioss
{quote} It's for MT4....at momement is a buid version, i have to test if it works
Can you explain it how you use these report for finding good trades!?
  • #20
  • Nov 9, 2020 11:21am Nov 9, 2020 11:21am
Sure! It tells if we are in risk ON or OFF

During RISK ON, trader must BUY: AUDUSD, AUDJPY, AUDCHF, CADCHF,CADJPY, NZDUSD, NZDJPY,NZDCHF, Usa500, Ger30
During RISK ON, trader must SELL: GOLD, USDCAD

During RISK OFF, trader must SELL: AUDUSD, AUDJPY, AUDCHF, CADCHF,CADJPY, NZDUSD, NZDJPY,NZDCHF, Usa500, Ger30
During RISK OFF, trader must BUY: GOLD, USDCAD

On upper right corner, check tells if FOREX, STOCKs & GOLD are according to SENTIMENT

On upper left: DATE shows when sentiment is started

I added 2 MM (8 period yellow & 24 period blue) to see how SENTIMENT is moving

Very very easy indicator, but powerful to be on the right side of SENTIMENT, or i hope so.....
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