Dislikedhttps://www.forexfactory.com/attachm...l?d=1677845778 really you dont see ? {image}Ignored
i dont use meta trader for charting, so can you clearly state the logic behind your indicator and what entry rules are? very interested
Logic behind Indi is to calculate bands for retracements. And where to entry. Logic behind all this is not a "system". This is more like powerful idea to get better entries.
Let's say you look on this at hourly timeframe. Would you enter?
Of course entry there would be pure luck to make some money. But if you check tick charts, you can see price doesn't have any power to push up. We see moves inside the move. That is, in this example:
We don't even need to make any analysis. It will simply work or not. Who cares if stoploss is up to 3 pips. Sometimes it does happen that you will get SL. And then price reverses. But it's ok! Look, this happens even on 1h timeframe with SL 20 pips and TP 25. And what's better? Getting 3 pips or 20 pips stoploss?
Good thing is that if you enter with tick charts, you will see literally immediately if trade will work or not. Why would I FFS open a trade with SL 20 pips or more, wait X hours if trade will work or what, when we can just entry on high & low (when we see price does not have enough power) and enjoy profit immediately? Even with small account like 500 USD you can risk opening 1 lot because stoploss is so freaking small.
Got me?
- #24
- Edited 3:05am Aug 18, 2023 2:36am | Edited 3:05am
This is very simple, but rewarding... Hello my friends. I was thinking about trading again, I wanted to post something very easy to trade, for small accounts specially. Or for those who wish to try doubling the account OR wanna go PROP FIRM trading... We all know these.I'll use my old "blue indicator" which can be found in my first thread. We will need to use tick charts! Sadly MT4 does NOT have tick charts, so... Thats all. Check this first chart. Let's say we will simply mark lower & higher points on my indicator. {image} How would you...
I prefer to trade at 1min, 5min and 15min chart
{quote} Can u show me how to do this tool on cTrader ?
https://www.forexfactory.com/attachm...2?d=1533320495
