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A very simple system - trade with arrow

  • #10,181
  • Edited 9:32am Jul 7, 2023 8:53am | Edited 9:32am
I have been waiting forever for this to drop
EDit:ate the loss
Attached Image (click to enlarge)
Click to Enlarge Name: US30M1.png Size: 16 KB
the cautious seldom err....C
  • #10,182
  • Jul 8, 2023 2:25am Jul 8, 2023 2:25am
Quoting pips29
Does anyone has this indicator in MT5 format. I do not need the alert but only the arrow showing the cross {file}
I hope it works.
This is my first MT5 indicator.
Attached File(s)
File Type: mq5 MA Crossover Alert for Pips29.mq5   6 KB | 286 downloads
  • #10,183
  • Jul 8, 2023 3:28am Jul 8, 2023 3:28am
Quoting clubdio
{quote} I hope it works. This is my first MT5 indicator. {file}
clubdio, the indicator doesn't seem to be accurate. Below are the MT4 and MT5 charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.iM15.png Size: 23 KB
Click to Enlarge Name: GBPJPY.iM15a.png Size: 33 KB
the cautious seldom err....C
  • #10,184
  • Jul 8, 2023 3:48am Jul 8, 2023 3:48am
Being a trend follower you should be able to decide which direction your entry should be, here's just some things I look for...H4,H1,M15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.iH4.png Size: 31 KB
Click to Enlarge Name: GBPUSD.iH1.png Size: 31 KB
Click to Enlarge Name: GBPUSD.iM15.png Size: 31 KB
the cautious seldom err....C
  • #10,185
  • Jul 8, 2023 3:58am Jul 8, 2023 3:58am
GY: H4 printed a short signal, H1 did the same and M15 showing the same , it's better to go short until H1 shows otherwise
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.iH4.png Size: 28 KB
Click to Enlarge Name: GBPJPY.iH1.png Size: 32 KB
Click to Enlarge Name: GBPJPY.iM15.png Size: 31 KB
the cautious seldom err....C
  • #10,186
  • Jul 8, 2023 4:04am Jul 8, 2023 4:04am
If you trade longer term using H4 , just look at that trend
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.iH4.png Size: 28 KB
the cautious seldom err....C
  • #10,187
  • Jul 8, 2023 4:25am Jul 8, 2023 4:25am
Quoting pips29
{quote} clubdio, the indicator doesn't seem to be accurate. Below are the MT4 and MT5 charts {image} {image}
What is the number Fast MA mode and slow MA mode?
mine indicator uses 0!
That's SMA.
If it's 1, it's EMA!
Tell me which number are you using?
I'm trying to correct it.
  • #10,188
  • Jul 8, 2023 4:42am Jul 8, 2023 4:42am
Quoting clubdio
{quote} What is the number Fast MA mode and slow MA mode? mine indicator uses 0! That's SMA. If it's 1, it's EMA! Tell me which number are you using? I'm trying to correct it.
I am using ema only
the cautious seldom err....C
  • #10,189
  • Jul 8, 2023 8:15am Jul 8, 2023 8:15am
Quoting pips29
If you trade longer term using H4 , just look at that trend {image}
Hey pips, how yours weekend going? Can I ask you, what part in your trading taking 100 and 200 EMA's.?
Some of yours screenshots I see 200 and on others not. On many yours charts I see just 10,34 ems's. I'm struggling to decide which EMA and on what time frame I need it.
If I put 100 and 200 on all tf i almost not able to find trade , because always will be something wrong: or price sits on them and you think EMA's are support or they are in wrong order, or tangled etc.... Price is close or between 100 or200 ema , comes good set up for sell ,but you see on ht 200 is below 100 and million other combination. Is just very hard to have completely all stars aligning. I know as more confirmations as better , but sometimes becomes hazard and confusion and you let go good trades .
I hope you will understand from all this what I'm trying to say. Advise from you would be highly appreciated pips29.
Thanks
  • #10,190
  • Jul 8, 2023 8:50am Jul 8, 2023 8:50am
Quoting Giedrius
{quote} Hey pips, how yours weekend going? Can I ask you, what part in your trading taking 100 and 200 EMA's.? Some of yours screenshots I see 200 and on others not. On many yours charts I see just 10,34 ems's. I'm struggling to decide which EMA and on what time frame I need it. If I put 100 and 200 on all tf i almost not able to find trade , because always will be something wrong: or price sits on them and you think EMA's are support or they are in wrong order, or tangled etc.... Price is close or between 100 or200 ema , comes good set up for sell...
I am glad you ask me this. I have been waiting for years for someone to ask . To clarify, I do not use the 100 ema. I have the 200 ema on both H4 and the daily as price tends to reject them and they are used as my targets and if broken for continuation of direction. The ema you see on M5 is the 102 ema =34 ema on M15 and the ema is 510 on M1. I just like to trade in the direction of M15 at the very least when using M5 or M1. When using M15 you will see only the 10 and 34 ema with H1 34 ema on the right of chart in the form of a dashboard
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD.iM1.png Size: 32 KB
Click to Enlarge Name: USDCAD.iM5.png Size: 33 KB
Click to Enlarge Name: USDCAD.iM15.png Size: 37 KB
Click to Enlarge Name: USDCAD.iH4.png Size: 37 KB
the cautious seldom err....C
  • #10,191
  • Jul 8, 2023 8:57am Jul 8, 2023 8:57am
Quoting pips29
If you trade longer term using H4 , just look at that trend {image}
Nice chart! Your blue line is "my" gray line on the chart. Identical actually. You're right man! Trading these Zones can be so profitable, however we have to refrain from those reversal signals as you can see, I had 2 not so good signals to start Shorting this uptrend and only 3rd Signal was correct. I do have another line which tells me when to expect a real drop, but don't use because chart looks cleaner like this. Zones like this don't happen way too often, however when they do, it's amazing!

Actually, I'll share the full chart. This Blue line finally crossing other 2 indicates a real Sell is coming.
And yes, the Buy Zone on EUR/JPY has been broken on H4.

Take care,
TW.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY H4.png Size: 16 KB
Click to Enlarge Name: EURJPY H4 2.png Size: 19 KB
  • #10,192
  • Jul 8, 2023 8:58am Jul 8, 2023 8:58am
as you can see from the daily the rejection of the 200 ema. On H4 price is trading below the 200 ema but the 10ema has not crossed over the 34 ema..once price does that I will join short. I already made some pips playing the rejection of the 200 ema on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.iDaily.png Size: 34 KB
the cautious seldom err....C
  • #10,193
  • Jul 8, 2023 9:07am Jul 8, 2023 9:07am
Quoting TheWraith
{quote} Nice chart! Your blue line is "my" gray line on the chart. Identical actually. You're right man! Trading these Zones can be so profitable, however we have to refrain from those reversal signals as you can see, I had 2 not so good signals to start Shorting this uptrend and only 3rd Signal was correct. I do have another line which tells me when to expect a real drop, but don't use because chart looks cleaner like this. Zones like this don't happen way too often, however when they do, it's amazing! Actually, I'll share the full chart. This...
The retracement has already started and might turn out to be a reversal..Take a look at the weekly, it's a strong bearish looking candle. If you time your entry using M15/M5 going in the direction of H4 and H1 I reckon you will make some pips going short
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.iH4.png Size: 29 KB
the cautious seldom err....C
  • #10,194
  • Jul 8, 2023 9:13am Jul 8, 2023 9:13am
just to add my target will be the 200ema on H4 or the 34 ema on the daily if I get a set up to short. I believe it will be a good short when EU weakens
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.iDaily.png Size: 31 KB
the cautious seldom err....C
  • #10,195
  • Jul 8, 2023 9:35am Jul 8, 2023 9:35am
pips, Thank you very much for yours detailed explanation ,I value yours opinion
  • #10,196
  • Jul 8, 2023 9:41am Jul 8, 2023 9:41am
Quoting Giedrius
pips, Thank you very much for yours detailed explanation ,I value yours opinion
no worries, I'm glad you ask ..I think I have all the neccesary indicators for this method and so, guys please don't add more. I have to go out now, bbl,,,chao!
the cautious seldom err....C
  • #10,197
  • Jul 9, 2023 12:28am Jul 9, 2023 12:28am
Quoting pips29
{quote} I am using ema only
Of course.
That's it.
Attached File(s)
File Type: mq5 2EMA Crossover Alert.mq5   6 KB | 365 downloads
  • #10,198
  • Jul 9, 2023 2:26am Jul 9, 2023 2:26am
Quoting clubdio
{quote} Of course. That's it. {file}
thanks clubdio, it's working perfectly
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.iM15.png Size: 20 KB
the cautious seldom err....C
  • #10,199
  • Jul 10, 2023 12:15am Jul 10, 2023 12:15am
Quoting pips29
{quote} thanks clubdio, it's working perfectly {image}
Hello Pips29, I see you found pivot indicator for mt5 that works normally.
  • #10,200
  • Jul 10, 2023 12:33am Jul 10, 2023 12:33am
Quoting AndryLV1984
{quote} Hello Pips29, I see you found pivot indicator for mt5 that works normally.
Hi Andry, not really, sometimes the levels are not shown and I have to switch timeframes,i.e when the levels are not shown on M15, I switch to H1 and so forth to see if the levels are shown on other tf and then revert back to M15 and the levels will come on, strange but it works after I switch tf
the cautious seldom err....C
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