Winning strategies with templates

Hey Bro

I am not sure if its my place to give advice to you... but here we go anyway.

I have been Trading for about 8Years now, so I do believe I know what I am talking about.

Stop using Indicators

I know that its very tempting to use Indicators to help your Trading, specially during the beginning of the Trading journey, as you have no clue whats going on.
But you have to learn how to read basic Price Action before you implement ANY Indicators.
Indicators are there to SUPPORT your decision making, not to make decisions for you.
You are wasting your time downloading your 1000th indicator.

I am a coder, I am coding Indicators for Trading. I know how fun it can be to use Indicators.
Sadly, doesnt matter what you will try out for Indicators, you need to have understanding of Price Action first.
Once you got experience, you can slowly add Indicators to your Trading which might be helpful for you to support your decision making.

Indicators are great, but completely useless without a strong foundation in the basics.

_____

Here is a simple Template layout with 3 different timeframes using simple Support and Resistance levels.

Go to Youtube and watch how to draw support and resistance areas -> learn how to Enter Trades based on those -> then add Indicators for confirmations

Attached Image (click to enlarge)

Edit: Always use a Stoploss, only idiots that dont take Trading serious dont use a Stoploss. (You will see many of those on Forexfactory, they like to showoff with their demo trades)

Hi guys,

Thank you for your feedback & advice - highly appreciated.

What CogAlpha said is exactly right. There are 2 kinds of traders. The subjective, these traders depends on indicators and the other kind can do naked trading. When i started, someone told me to understand trading i will need to know 2 things. Price action analyst and volume. I didnt understand then and i'm still learning now.
To get started, learn candlestick patterns, chart patterns and know how to draw trend lines well. Soon you will be able to trade without minimum indicators. My charts still have a lot of indicators but they are all for info. The system that you are using or building now, I have something similar and i believe its better than what u have.
but heres the thing. An indicator is useless if you dont understand its limitations and capabilities. Even a simple moving average cant give you wrong info. The period that its at may work on M5 but not so good on H1. I have always built my own systems, even though i have access to hundreds of full systems, i never use those. I always build my own. Understanding how the tools work is crucial. And trading is like a puzzle box. What works for you may not work for others. Its up to the person to find the key to the puzzle. So learn as you go along, create your own strategies, do what works for you. And dont give up, you are not alone.

On a Friday?

Update:

Seems??? to be working for the moment.

PLEASE SHARE YOUR INDI FOLDER
Please share file TPL
file CHR not........

Update 1

Hi,
I tried loading all your templates.None taking trades.Whereas same ea and pin from danapster working for now.Not sure if this is specific to me.
Hennis Auto V0 and eax ones

1. Please make sure that Pin 1, 2 & 3 are activated (yellow) as per my screenshot.
2. Make sure you have this indicator in your folder.

Maybe you could elaborate a bit more on how you trade? I am sure many would love to hear more.

With your 24 years of experience I am sure you have also at some poimt learned how to read Price Action without indicators.
I think that's a crucial foundation that beginners have to have to even begin delving into indicators.
If you have no clue about how you want to trade and what you NEED in your trading then you are just running aimlessly around like a headless chicken.

You also sound like you code your indicators?
Most beginners will go to this or any other trading website and combine 30 different rsi version into one "system" to then find out that's not the grail and try different 30 macd versions out.
Most of the stuff is also without source code so the trader won't even know how the signals are being calculated.

Never said indicators aren't useful. They are. I assume them myself.

Hennis another scalping tool v1

I think I've assembled the best one so far - try it for yourself.

Get most of the indis here:

https://forex-station.com/rijay-trad...-t8472756.html

Please note for the above link only:

--------------------------------------
SPECIAL NOTE-
-----------------------------------------
create Downloads folder in your indicator folder of mt4 terminal, and place all indicator in this folder, OTHERWISE ATTACHED TEMPLET WILL NOT WORK

EAX Update 1b

1. Very good indicator/PIN added.
2. Activate Pin 3 for slower but better results.

Update:

1. Seems do be doing well. Not a single losing trade thus far (Friday & all) - 15 Trades total, 4 trades closed at Break Even.
2. Multi purpose trade manager sure makes for a BIG improvement as far as short term trades (scalping) is concerned!

1. Any loosing trade gets terminated as soon as it reaches break even point.
2. The best exit trading strategy for scalping in my opinion.

Update:

It has not lost a single trade all Friday!

Final update:

Recourses removed due to a lack of interest. I think this topic has run its course. Tx for all the friendly chat & advice.

Full auto!

https://www.forexfactory.com/thread/...3#post15215323

how long are you using it?

Note:

1. Pin 1 & 9 = existing.
2. Pin 2-5 = For you to experiment with.

If the odd high (at least for me that is) DD on this beast can be tamed, it would turn out to be the best thing since sliced bread. I've never seen ANY form of automation take so MANY!!! good trades under certain conditions. I say again: so MANY!!! good trades! More than enough opportunity for the correct filters. I really hope someone who would be willing to share their findings would come up with the perfect combination.

"BHSR Pin" & "CCFp (Jose) 4 (on-chart - new)" comes to mind for starters.

Definitely a good foundation to start from. Danapster, I thank you once again for getting us all started with your awesome findings!!!

Update:

There, I've made it easy for you.

1. This set-up (MOD) has not yet been tested, but everything is in place for you to start playing with it.
2. The missing indicators can all be found here.
3. Apart from Kforex, Make sure to put others in PIN directory.

Well said! Transparency is key, sharing full strategies helps everyone grow. Your mediator role is valuable. Let’s collaborate to refine methods and keep this space genuinely useful for long-term success.

My own strategy & my own EA - I'm still at it.

get history from Tickstory to get better modelling quality