LWBR - Big Reward using M15, H4 and D1 combo | Forex Factory

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LWBR - Big Reward using M15, H4 and D1 combo

  • #1
  • First Post: Edited Oct 19, 2021 9:26pm Aug 6, 2021 2:47pm | Edited Oct 19, 2021 9:26pm

LWBR SYSTEM


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Rules:

  1. Never add/average to a losing position.
  2. Add to winning position but never increase the risk
  3. TP distance must always greater than SL
  4. Entry time after Frankfurt open and before London Close


BUY SIGNAL:

  1. D1: find candlestick pattern for bias
  2. M15: Price is above EMA32, EMA13 and EMA5
  3. DATR yellow line is above red line
  4. ASH is on yellow bar
  5. SL at 1H ATR multiply by 1 - 1.5 times
  6. TP at H4/D1 Support/Resistance level
  7. Only take setup that gives more than 1:1.3RR

SELL SIGNAL:

  1. D1: find candlestick pattern for bias
  2. M15: Price is below EMA32, EMA13 and EMA5
  3. DATR red line is above yellow line
  4. ASH is on red bar
  5. SL at 1H ATR multiply by 1 - 1.5 times
  6. TP at H4/D1 Support/Resistance level
  7. Only take setup that gives more than 1:1.3RR


What possible:

  1. Trading Asian Session with m1/m3, m15, and h1 combo but close everything before Euro Session


Discord channel: https://discord.io/LWBR

Full template MT4:
V7:
- Bug fix

Attached File(s)
File Type: zip LWBR-MT4-V7.zip   1.2 MB | 1,543 downloads | Uploaded Oct 13, 2021 5:41am
t.me/LWBRfx Discord.io/LWBR
  • #2
  • Edited 3:47pm Aug 6, 2021 2:58pm | Edited 3:47pm
Reserved for future post.
t.me/LWBRfx Discord.io/LWBR
  • #3
  • Edited 3:55pm Aug 6, 2021 3:20pm | Edited 3:55pm
USD/HUF trade plan. Adjust the TP not the SL.

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t.me/LWBRfx Discord.io/LWBR
  • #4
  • Aug 6, 2021 3:58pm Aug 6, 2021 3:58pm
I use same color candle on my charts to have clearer view on the overall trend, just because a single green candle doesn't mean price will go up!

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Inserted Video
t.me/LWBRfx Discord.io/LWBR
  • #5
  • Aug 6, 2021 10:54pm Aug 6, 2021 10:54pm
can you share the indicators listed on your chart, thanks
  • #6
  • Aug 7, 2021 6:18am Aug 7, 2021 6:18am
Quoting snowflower
can you share the indicators listed on your chart, thanks
Uploaded on first post.
t.me/LWBRfx Discord.io/LWBR
  • #7
  • Aug 7, 2021 9:30am Aug 7, 2021 9:30am
Quoting feinan
{quote} Uploaded on first post.
feinan, thanks alot
  • #8
  • Aug 8, 2021 7:38pm Aug 8, 2021 7:38pm
GBPAUD +2.08R
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GBPCAD SL hit on monday market gap -1R
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t.me/LWBRfx Discord.io/LWBR
  • #9
  • Aug 8, 2021 8:39pm Aug 8, 2021 8:39pm
Quoting feinan
I use same color candle on my charts to have clearer view on the overall trend, just because a single green candle doesn't mean price will go up!
Can you explain in a bit more detail how the trend is "clearer"?

Interesting that you use all green candles on the higher time frames.

I really don't see how the color will affect my trading; in the video, he shows the color as preventing an entry and also an early exit.

For me, in a way I do use a single color while in a trade; for example, here is the EURUSD last Friday.

Bearish bias during the Asian session, if a short trade is entered, the bearish bias can quite easily be seen for the rest of the day.

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It takes a lot for me to IGNORE you, but you can try.
  • #10
  • Aug 8, 2021 9:10pm Aug 8, 2021 9:10pm
Quoting Erebus
{quote} Can you explain in a bit more detail how the trend is "clearer"? Interesting that you use all green candles on the higher time frames. I really don't see how the color will affect my trading; in the video, he shows the color as preventing an entry and also an early exit. For me, in a way I do use a single color while in a trade; for example, here is the EURUSD last Friday. Bearish bias during the Asian session, if a short trade is entered, the bearish bias can quite easily be seen for the rest of the day. {image}
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t.me/LWBRfx Discord.io/LWBR
  • #11
  • Edited 9:28pm Aug 8, 2021 9:17pm | Edited 9:28pm
HK50.. Closing half at +2.1R and another +2.3R still running. Price moved too fast, didn't manage to add. Target at D1 SR zone.

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t.me/LWBRfx Discord.io/LWBR
  • #12
  • Aug 9, 2021 12:30am Aug 9, 2021 12:30am
Quoting feinan
{quote}
I still don't get it; when a trader takes the signal from a higher time frame eg. a daily Pin Bar or a 4-Hour inside bar, you make a huge assumption that all traders will simply exit the trade on 15M because they might see a different color candle or tiny Pin Bar.

Really speculative thesis IMHO.

Anyway, that's aside from the actual system, good luck.

It takes a lot for me to IGNORE you, but you can try.
  • #13
  • Aug 9, 2021 12:33am Aug 9, 2021 12:33am
Quoting feinan
I use same color candle on my charts to have clearer view on the overall trend, just because a single green candle doesn't mean price will go up! https://youtu.be/o3nDWMJtUJU https://youtu.be/owdLkhtQJIA
hi Feinan, some time ago i explored the same issues on trading. I will add take a look at Gestalt Laws and how can influnce on our perception. Something to think for a while.
Regards
https://www.verywellmind.com/gestalt...zation-2795835
The only constant is change
  • #14
  • Aug 9, 2021 1:41am Aug 9, 2021 1:41am
Quoting feinan
HK50.. Closing half at +2.1R and another +2.3R still running. Price moved too fast, didn't manage to add. Target at D1 SR zone. {image}
HK50, added and SL to BE
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t.me/LWBRfx Discord.io/LWBR
  • #15
  • Edited 5:17am Aug 9, 2021 2:13am | Edited 5:17am
EURUSD Sellstop triggered

Open Position:
EURUSD SELL
HK50 BUY
JP225 BUY
USDHUF BUY
Total risk 3%
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t.me/LWBRfx Discord.io/LWBR
  • #16
  • Aug 9, 2021 6:22am Aug 9, 2021 6:22am
Quoting feinan
EURUSD Sellstop triggered Open Position: EURUSD SELL HK50 BUY JP225 BUY USDHUF BUY Total risk 3% {image}{image}
clicked wrong button, accidentally closed all position

Totalling +4.85R
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t.me/LWBRfx Discord.io/LWBR
  • #17
  • Aug 9, 2021 7:02am Aug 9, 2021 7:02am
GBPUSD Long.. following EMA, nothing fancy
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t.me/LWBRfx Discord.io/LWBR
  • #18
  • Edited 9:06am Aug 9, 2021 8:53am | Edited 9:06am
DAX SL hit -1R
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GU SL hit -1R
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t.me/LWBRfx Discord.io/LWBR
  • #19
  • Aug 9, 2021 10:00am Aug 9, 2021 10:00am
Gold closed way too early. Didn't have target level since h4 and D1 SR is still far away.
+2.28R
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t.me/LWBRfx Discord.io/LWBR
  • #20
  • Aug 9, 2021 10:05am Aug 9, 2021 10:05am
USDCAD following EMA.. D1 bias. h4 target
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t.me/LWBRfx Discord.io/LWBR
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