Trend Finder 4hr Mod System

Hello traders,

It's been a while. Amazing journey? The least I could say. FOREX markets have evolved and I am glad to report it is still the best money machine for me and my students.

I was looking at some of the most recent posts and basically nothing has changed. Same market, same players (more player, a lot more). So why am I saying the market has evolved? In a nut shell "Volatility". But I don't want to get too technical with this post and would like to answer a question for fx1079:

On May 7th you asked: "Is this Trading System and EA in this thread still reliable nowadays?" Referring to the Trend Finder 4hr system posted by Bull101 back in June 12th 2008.

I think it is still one of the best trading systems I have found in any forum. Specially for new traders. My students use it now without the EA.

Now, before I share my spin on the system I want to clarify that trades at all levels need to keep the basics in mind all the time. Just having a good system does not mean you ignore them, so having said that lets dive into the system:

TREND FINDER 4hr. Mod.
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1629639713

I have added a 50 SMA (Yellow) We take only Longs when price is above and only shorts when price is below the 50 SMA. Along wit other indicators that I found in a system called "Palex" (I don't remember where I found it) and other as well. So the system us you classic MUT/Hybrid.

SMA 18 (White)
LWMA 14 (Red)
EMA 7 (Green)
2MACross Indicator (1,7,3,14)
ptl 2.07 (alert + lines) Indicator (Places Sup. & Res. Lines for you, very accurate)
Forex Sniper Killer aka FSK Plugin
Forex Sniper Killer Entry Alert

Important

 

1. The system runs light and you have all the information you need to make a decision including support and resistance set actively.
2. If you don't know how to trade Support and Resistance I highly suggest you learn that first.
3. On your 4 hr. Chat, present support and resistance is derived form the last few days of price data.
4. Pay special attention to the direction of the price in relation to the 50 SMA (Yellow) for your entry points. Price has to be moving away from it in the direction of the main trend. Ignore counter trend signals unless you know how to Scalp.
5. Turn your platform candle color to "NONE" and let the Indicator candle act alone.
6. You can use the ptl 2.07 Purple doted lines to trail your stop loos if that is part of your exit strategy

Looking forward to any questions or comments. Try the system on a Demo first before you venture into real money trading.

Happy MULA making!
Attached Files
https://assets.faireconomy.media/images/attach/ex4.gif 2MACross.ex4 8 KB | 0 downloads
https://assets.faireconomy.media/images/attach/ex4.gif FOREEX SNIPER KILLER Entry Alert.ex4 14 KB | 0 downloads
https://assets.faireconomy.media/images/attach/ex4.gif FOREX SNIPER KILLER Aka FSK Plugin.ex4 13 KB | 0 downloads
https://assets.faireconomy.media/images/attach/ex4.gif ptl 2.07 (alerts + lines).ex4 38 KB | 0 downloads
https://assets.faireconomy.media/images/attach/tpl.gif trend finder 4hr-mod.tpl 376 KB | 0 downloads

Right template is missing?

Thank you MyProfit,

Here you go.

Looking forward to hearing from you.

Hello Pulsar1,

Thanks for sharing this system. How it Works?

Hi dhyanesh,

Thank you. Just follow the above rules. We are looking for a bounce off of the 50 SMA (Yellow) to the downside if the downtrend will continue. So be patient and follow the indicators. Everything has to fall into place to take a trade.

Talk to you soon.

Pulsar1

Here is a short analysis of present market conditions on the GBPUSD as it pertains to the system:

The template isnt complete sir. It does not include the other two oscillator indicators. it only has AO oscillator. What are the other oscillators?

What are those yellow horizontal lines. Did you add them manually or they got added by your indicator?

Seems it`s missing stoch histo and advanced adx, just put them in your indicator folder, and reload tmpl provided by Pulsar...

WOW, 6 oscillators telling you the same thing?

What if there was a way to read the close price and go from there?

You can do it without an "indicator" but it helps with the visual...

Thank you Charli86, you have a keen eye.

 

1. Laudable222: Charli86 was kind enough to supply the missing indicators, I haven't posted in a long time and must say I'm a little rusty.

1. Vivi-l: The lines are drawn by the ptl 2.07 indicator when the doted lines are broken indicating a change in direction. But remember that has to be confluence between all indicators and also take into consideration SUP and RES.

1. Erebus: Thank you for sharing but unfortunately it does not help other trying to understand the system. Having said that, if you have suggestions that could make the system better I suggest you first try it, give it a fair chance, and then, just like Charli86 share your findings including the indicators, if any that you used for all to draw their own conclusions. So, if you feel up to it, please apply your interesting indicator to the system and see how it applies, or not. Bottom line is that we all get better at what we are trying to accomplish in common which is to become better traders. Thank you again.
   Attached Image (click to enlarge)

   
   

Well, here is the thing, I've been down every rabbit hole there is

All those indicators are simply distracting you from the main mission

Which is to understand where PRICE is going

There is way too much to decipher on your charts

But I'll check this thread in 3 months and see how you're doing

Good Luck

Hello Pulsar1,

Thanks for sharing this system. Very Interesting and I will try.

HI
thanks for sharing

i am sorry but i dont speak english

i didn't understand this :
2MACross Indicator (1,7,3,14)
ptl 2.07 (alert + lines) Indicator (Places Sup. & Res. Lines for you, very accurate)
Forex Sniper Killer aka FSK Plugin
Forex Sniper Killer Entry Alert

Hi Erebus,

Greetings!

I just sent you the following message into your mailbox

I come across to your below topic and I came here for seeking your kind enough help to provide me add to below EA code for my two moving average crossover EA (any MA number, any hour time frame):

Code MA cross up and above the Pivot Point (no R, no S) and the Highs of the past 3 days (Yesterday, Previous day, Previous day 2) at the same time are above the Pivot Point.

Code MA cross down and below Pivot Point (no R, no S) and the Low of the past 3 days (Yesterday, Previous day, Previous day 2) at the same time are below the Pivot Point.

Your kind help will be greatly appreciated

Thank you
Harrytn

Quoting Erebus
{quote} Here is a little tip for you, Price always returns to the mean, mostly that will be represented by the 20 SMA Watch for a Close on the Daily that is above the previous day's High when below the 20 SMA or a Close on the Daily that is below the previous day's Low when above the 20 SMA Most often that will give some pips if you can read basic Price Action In the case of price above the 20 SMA, watch for a Close above the previous 2 day's Highs to re-join a trend or below the 20 SMA, watch for a Close below the previous 2 day's Lows to re-join a trend How long can you hold a trade? As you mention, stop loss and take profit - up to you Remember: wait for the Close, very important, do not have FOMO - Fear Of Missing Out {image}

Sorry, don't know where you got the idea that I am a coder; best to ask in the Platform Tech forum

In the will code you indicator for free thread

I will send you the indicator as in that post above...

Hi Erebus,
Thank you for reply.

Hi Erebus, could share with me the indicator too?

Yes, I am not a mind reader...

MT4, MT5, Tradingview???