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A very simple system - trade with arrow

  • #11,101
  • Apr 7, 2024 4:25am Apr 7, 2024 4:25am
Quoting lynnc
{quote}Its not moving a lot! I had a UJ sell in this morning which came out at BE in the end. Would have been better off on AU or GU buys. {image} {image}
First of all, a repainting indicator isn't an indicator changes colors, its that the inputs that generate the picture output change, which end up in making the indicators more perfect than they are, which could make you believe that they're the holy grail of indicators, but they will just hurt your capital.

TDI is a repainting indicator

It's hard to explain a repainting indicator, heres a video all about them, this guy covers a system based entirely on indicators, which y'all are trying to accomplish but the only difference is, if you make a system based on his stuff, it WILL benefit you long term, unlike repainting indicators. Watch his vid to learn about them.

Inserted Video


And if you wanna see if your indicator is repainting, go on 1 min timeframe, record your metatrader and look for changes in the indicator.
  • #11,102
  • Apr 7, 2024 12:19pm Apr 7, 2024 12:19pm
Quoting pips29
Do you have the calander events as pointed out below in MT5 format. Please share if you have one.Tq {image}
https://fxssi.com/forex-news-indicator-mt4

Look at this. Its free. For mt4 and mt5.
  • #11,103
  • Apr 8, 2024 12:34am Apr 8, 2024 12:34am
Quoting mattuio
{quote} First of all, a repainting indicator isn't an indicator changes colors, its that the inputs that generate the picture output change, which end up in making the indicators more perfect than they are, which could make you believe that they're the holy grail of indicators, but they will just hurt your capital. TDI is a repainting indicator It's hard to explain a repainting indicator, heres a video all about them, this guy covers a system based entirely on indicators, which y'all are trying to accomplish but the only difference is, if you make...
Its not hard to explain a repainting indicator, its an indicator that looks different in real time to what it later looks like when the chart is refreshed. That isn't a problem if unless you want to use it for backtesting. I am not sure why you chose this forum to come into, this system does not look at crossovers of an indicator for entries, and if you did what I suggested and looked at pips29's back posts you might notice he doesn't need help from anybody as far as his trading goes, he is one of the most consistent traders on Forex factory (of those that actually post trades as they put them in). Good advert though for the person who makes the videos.
  • #11,104
  • Apr 8, 2024 8:20am Apr 8, 2024 8:20am
okay, well I just gave in my insight from personal experience, will this experience happen to you, probably not I don't know i cannot predict the future. But yeah just stay safe I guess.
  • #11,105
  • Apr 9, 2024 3:14am Apr 9, 2024 3:14am
Hello everyone, I'm just noticing that even though my trades are derived from the basic structure of the strategy, they often don't correspond to the actual rules. My entries are usually earlier during pullbacks in the main direction of the trend I think I'm seeing. Basically I try to trade away from the pivot, but I don't really pay attention to cci and tdi at the moment. So I wanted to ask if I should post these types of trades to this channel at all, as I don't want to flood the channel with irrelevant news. In today's trades I have now taken all BE and half or have already taken the TP. USDCHF I was probably wrong in my view of the trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD M15 2024.04.09 12.14.16 (Close).png Size: 35 KB
Click to Enlarge Name: USDCHF M15 2024.04.09 12.30.32 (Close).png Size: 45 KB
Click to Enlarge Name: NZDCAD M15 2024.04.09 12.54.24 (Close).png Size: 45 KB
Click to Enlarge Name: GBPUSD M15 2024.04.09 12.49.50 (Close).png Size: 44 KB
Click to Enlarge Name: AUDJPY M15 2024.04.09 12.52.52 (Close).png Size: 40 KB
Click to Enlarge Name: AUDUSD M15 2024.04.09 12.51.54 (Close).png Size: 45 KB
  • #11,106
  • Apr 12, 2024 6:13am Apr 12, 2024 6:13am
Anybody knows why the exit (target) is not shown on MT5 platform
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
the cautious seldom err....C
  • #11,107
  • Apr 12, 2024 10:29am Apr 12, 2024 10:29am
trade closed, not too bad for a Friday, back again on Monday
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.proM5.png Size: 30 KB
the cautious seldom err....C
  • #11,108
  • Apr 12, 2024 6:50pm Apr 12, 2024 6:50pm
Quoting pips29
Anybody knows why the exit (target) is not shown on MT5 platform {image}
check your Chart platform setting:

user manual

Attached Image (click to enlarge)
Click to Enlarge Name: MT5 Chart settings.png Size: 71 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,109
  • Apr 13, 2024 3:07am Apr 13, 2024 3:07am
Quoting emmanuel7788
{quote} check your Chart platform setting: user manual {image} ...
This is exactly the setting on my platform. Somehow it is now showing when I log in just now
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.proM5a.png Size: 27 KB
the cautious seldom err....C
  • #11,110
  • Apr 13, 2024 3:25am Apr 13, 2024 3:25am
On htf and ltf cable is looking likely to drop further to the levels I 've plotted on my chart. My bias is to short when the set up is there on M5 or M15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.proDaily.png Size: 20 KB
the cautious seldom err....C
  • #11,111
  • Apr 13, 2024 4:37am Apr 13, 2024 4:37am
Quoting pips29
{quote} This is exactly the setting on my platform. Somehow it is now showing when I log in just now {image}

If you have both Trade Levels and Trade History selected, then the trade levels and trade history will show when you load the chart.

Otherwise, you need to go to that chart properties to click on the Trade Levels ...

Attached Image (click to enlarge)
Click to Enlarge Name: 13-4-2024 7-33-32 pm.png Size: 13 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 13-4-2024 7-36-06 pm.png Size: 17 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,112
  • Apr 13, 2024 5:00am Apr 13, 2024 5:00am
Quoting emmanuel7788
{quote} If you have both Trade Levels and Trade History selected, then the trade levels and trade history will show when you load the chart. Otherwise, you need to go to that chart properties to click on the Trade Levels ... {image} {image} ...
I have this setting on, btw do you have the daily open indicator for MT5?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-13 125913.png Size: 51 KB
the cautious seldom err....C
  • #11,113
  • Apr 13, 2024 5:11am Apr 13, 2024 5:11am
I have simplified the strategy further by adding in a 200 simple moving average. If you are trading the ltf look for entry away from this MA. Also don't forget to use the cci and/or tdi to support the entry besides the 10/34 ema set up..it cannot be simpler to make some pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proM5.png Size: 30 KB
the cautious seldom err....C
  • #11,114
  • Apr 13, 2024 5:31am Apr 13, 2024 5:31am
the chart gives you a set up short and since I like to trade away from the pivot the entry as shown by the red line might be slightly later than the set up but it's ok with me. Later on you will see an arrow printed for the upside but I would not go long as it's against the 200ma,M15 ema and also the pivot. Experienced traders might take a long as price seem extended to them but being a trend trader you should refrain from such thoughts. Hope you remember this well known saying "the market can remain irrational far longer than you can remain solvent". If you are a billionaire I guess it will not apply to you. I'm just a trader trying to get some free meals
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.proM5.png Size: 28 KB
the cautious seldom err....C
  • #11,115
  • Apr 14, 2024 2:53am Apr 14, 2024 2:53am
Quoting pips29
{quote} I have this setting on, btw do you have the daily open indicator for MT5? {image}

Daily Open Line mql5

https://www.mql5.com/en/code/19792

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,116
  • Apr 14, 2024 7:31am Apr 14, 2024 7:31am
Quoting emmanuel7788
{quote} Daily Open Line mql5 https://www.mql5.com/en/code/19792 ...
thanks emm
the cautious seldom err....C
  • #11,117
  • Apr 15, 2024 5:32am Apr 15, 2024 5:32am
DAX M15
Attached Image (click to enlarge)
Click to Enlarge Name: DAX M15 04.15.jpg Size: 396 KB
  • #11,118
  • Apr 15, 2024 5:47am Apr 15, 2024 5:47am
I am bearish and was looking for a place to go short. I went to M15 with a line chart to plot S/R and took this trade. Taken partial and looking for lower targets
btw this method is practised by Rob (No indicator system) from Freemantle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.proM15.png Size: 14 KB
Click to Enlarge Name: GBPUSD.proM15a.png Size: 13 KB
the cautious seldom err....C
  • #11,119
  • Apr 15, 2024 6:24am Apr 15, 2024 6:24am
Quoting pips29
Bearish vagyok, és kerestem egy helyet, ahol rövidre szállhatok. Elmentem az M15-höz egy vonaldiagrammal, hogy ábrázoljam az S/R-t, és elvállaltam ezt a kereskedést. Részlegesen és alacsonyabb célpontokat keresve, de ezt a módszert Rob (Nincs jelzőrendszer) gyakorolja a Freemantle-től {image} {image}
An interesting approach, completely new to me
  • #11,120
  • Apr 15, 2024 6:25am Apr 15, 2024 6:25am
Quoting pips29
I am bearish and was looking for a place to go short. I went to M15 with a line chart to plot S/R and took this trade. Taken partial and looking for lower targets btw this method is practised by Rob (No indicator system) from Freemantle {image} {image}
Hi Pips,
I see the resistance drawn, but at that point the two 10/34 EMAs were in the upward crossover the cci points up, and the current value was still above the pivot, even the entry candle had formed a new high. How can you still magically get started like you did?
best regards
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