Sometimes, while waiting for a pullback and fresh m1 signal for entry, price moves away leaving you behind, like this one.
Attached Image (click to enlarge)
- #205
- May 5, 2022 10:23pm May 5, 2022 10:23pm
the ea that i work on it.. {image} {image} {image} {image} {image} {image}
It's been a long while I traded forex. Did some quick scalping while reading the whole thread on some strats people here posted and using Zig zag startlevel, MultiZigZag v3, indec_zig_dash and ! ZIG DASF MTF Clr indicators, with default settings on each indicator on a M15 timeframes on certain pairs I'm practicing on.
{quote} That EA will be so handy in the future! Love to hear more updates. It's been a long while I traded forex. Did some quick scalping while reading the whole thread on some strats people here posted and using Zig zag startlevel, MultiZigZag v3, indec_zig_dash and ! ZIG DASF MTF Clr indicators, with default settings on each indicator on a M15 timeframes on certain pairs I'm practicing on. {image}{image}{image}{image}
'Scanner' for the system.
No need for other indicators on folders to work.
If you select 'Working mode' for List or Market Watch mode, only setting it up on one chart is enough.
If you set a List (most fx crosses only) and broker uses suffixes on instrument names, add manually in order to be recognized. The other working modes do not need suffix info.
Only pop-up alerts.
Alerts for changes on conditions if selected on inputs (default Yes for all 3)
Cheers!
No need for other indicators on folders to work.
If you select 'Working mode' for List or Market Watch mode, only setting it up on one chart is enough.
If you set a List (most fx crosses only) and broker uses suffixes on instrument names, add manually in order to be recognized. The other working modes do not need suffix info.
Only pop-up alerts.
Alerts for changes on conditions if selected on inputs (default Yes for all 3)
Cheers!
Do not spend more time testing this indicator is total crap!
Here is a good tip that a very experienced trader gave me:
It's not the levels or something else in the market, IT'S ONLY YOU. You have to understand this first! In order to move the market, Institutions needs to deploy their huge orders and when they got enough orders filled, market turns around and moves. We don't know where and when. Forget about indicators, fibo or support resistance or any other retail crap. Do your own plan and draw on your chart where you will try to take order, put your stop and practice, plan and practice.
Look for the thread of TRD and learn there because there is a lot of good information with charts and explanations! I have a description of him, attach it.
- #217
- Edited 11:39pm May 7, 2022 5:54am | Edited 11:39pm
In the attached CSV:
- PL Pips - potential loss pips.
- PL - potential loss $.
- PP Pips - potential profit pips.
- PP - potential profit $.
- PD Pips - potential drawdown pips.
- PD - potential drawdown $.
- TP - take profit $, assuming target of 10 pips.
Change CROW's Indicator settings - higher lengths remove noise (https://www.forexfactory.com/thread/...gzag-3-windows):
- Length = 10
- Length2 = 25
You only need to use M15 timeframe. Trade between 8 AM GMT and 16 PM GMT. No restriction on pairs, but I tend to stay away from XAUUSD and XAGUSD. This is a mean reversion strategy, i.e. we buy SWING low and sell SWING high. Yes, sometimes the signal is delayed and other times it's earlier - however, it's a high probability setup - failures do happen and they are part of the game! Use the Fibonacci lines as take profit targets... take partial profits as you pass a Fibonacci level.
If you stick to these rules (and are not greedy), I promise you will profit from this system!
An example BUY and SELL trade on EURUSD below:
If you haven't invested time to learn and understand this system... please don't drag it down due to your lack of patience and understanding. It may not be your cup of tea and that's fine, but don't spoil it's potential for others to benefit from.
Anyways, just sharing my approach on how you could potentially trade this... the rest is up to you. Good luck!