Another simple trading idea (cTrader! only sadly...)

Then change 4.9 to 1.2 for example. Should give you more signals. But it's about preference. Trx to play with it.

i dont use meta trader for charting, so can you clearly state the logic behind your indicator and what entry rules are? very interested

Hi friend,

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?

I can imagine it little bit but i still don't know when to long and short how do you look at it ? Can u guide me please ? I'm really want to learn this simple trade
I prefer to trade at 1min, 5min and 15min chart

Can u show me how to do this tool on cTrader ?

Of course, friend. Download that indicator. Extract it from zip and click on it like if you want open application. It will install into platform.

https://www.forexfactory.com/attachm...2?d=1533320495

What sort of bands or channels are these?? Is there anything similar on TV as I trade via my phone, due to work commitments??

Thank you