(binned per thread starter's request) Another Day

Space for trading methods, indicators and trades. Educational purposes only.

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Basic Chart Setup Indicator List & Template Generic chart setup no method indicators
Indicators and Templates will be update as required and time allows


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Trading EA, Indicator & Script You will need to put EA, Indicator & Script in correct MT4 folders
Auto SL & TS (EA Folder), Close all open (Script Folder), PZ Order History (Indicator Folder).

See post 9 for explanation https://www.forexfactory.com/thread/post/14793232#post14793232

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Method 1: FVG Rejection Specific Indicators & Template
Templates in this section will include the basic chart indicators and trading EA, Indicator (above). You will need to download indicators etc above as well



Note: Do not add SR Direction Helper File 1_1 to chart as it will not show anything, but is needed in indicator folder.

Note: There are two more specific indicators to be added for this method but code needs tidying up before sharing.

Method 1: FVG Rejection
Indicators and Templates will be added to Post 1; as required and time allows.

The direction is determined by SR Direction & Fair Value Gaps (FVG). I look for rejection of the FVG in the current direction for trade entry. The rejection can be one candle or composed of multiple candles. It is better to wait for a few FVG to stack up for conservative enter or one fVG for high risk entry.
Red FVG = down, Blue FVG = up

The moving averages provide an idea of ranging / trending market.
Supdem, sometimes looked at but not usually.
Also flick between the M1 and M5 chart to provide prospective.

Be patient like fishing...... Let the trade come to you.

There must be a story to enter trade: (Direction (Big Picture and current timeframe, Price Action, Rejection of FVG, Potential where price stall / reject (is there enough room for trade))

If there is doubt, do not enter trade. There will always be another trade.

As I practice this method, I'm sure further improvements will be found.

Afternoon Ronin,
Congratulations on starting a new thread....I wish you all the best in this new endeavour.
Cheers,
Ron

Momentum, stacked FVGs and break of previous support:

Stacked FVGs with multiple rejections

Next set of trades:

50 pips profit, no losses. Done for the day.

Subcribe
xinitial.

Trading EA, Indicator & Script You will need to put EA, Indicator & Script in correct MT4 folders

Auto SL & TS (EA Folder). Automatically sets TP and SL when trade order initiated.

Close all open (Script Folder.). As only one EA is allowed on chart, close all script used to close all trades as required, by double clicking or dragging to chart.

PZ Order History (Indicator Folder). Indicator to allow analysis of trades. Done at the end of each traded day to improve trade entry etc....

@ronin
Is this correct ?
Because when I loadded the template fvg rejection 1.1. There was no fvg indicator loaded, so I put it manually.
X.

This is the problem with templates, they do not act the same for everyone.
In the code I can see (name=FPG\Multi FVG 1_1) & (name=FPG\FVG Button 1_1).

Unfortunately location of the buttons will be different for everyone based on screen resolution. Need to manually adjust. Will fix when time allows.

Setup looks correct. I tend not to have the fill color blocks from multi fvg 1_1 on the screen all the time. I use it just to see the fvg(s) on other time frames out of interest as fvgs from different timeframes may overlap and add support.

30 Minute Chart

First trades of the day, but was not feeling it.

Yes we all have days like that

using the close all script, double click or drag to chart in question

Temptation ...Testing only

John I'm assuming that the many restrictions there are in coding in mt4 won't allow 2 or 3 time frames for FVG's on a single chart?

Gold has been trying to go up for hours but there are 5 Red Flag news events coming up so may see action then

Hi, Ronin, thank you for the thread and the template. I look and see black magic )) I believe that observations will give me a better understanding of this strategy. Thanks

Have not figured out how to code that yet :-)

Unable to trade more today unfortunately.