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The Winner

  • #21
  • Apr 20, 2025 11:40am Apr 20, 2025 11:40am
Quoting Webb1003
{quote}
  • #22
  • Apr 20, 2025 2:57pm Apr 20, 2025 2:57pm
Quoting WirkKarl
{quote} Here’s a possible comment you could post in response, in English and without linking out: That’s a really insightful breakdown—thanks for sharing! Using the Daily MIKA to guide entries and exits on the M30 makes a lot of sense, especially to avoid choppy, ranging periods. I’ve definitely experienced the frustration of riding a move too long and giving profits back. This layered approach adds a nice level of precision. Balancing between early exits with MIKA and longer runs with EMA is tricky though—do you have a personal preference or rule...
To be honest, I think that in the long run it is best to use a RRW like 1:2 or 1:3. If using EMA for exit, we are chasing the rainbow. And it will come, but we gave away too many pips in the hunt.

So I think that it will turn out that we use MACD and CCI on trending Daily for signals to trade the M30. We use MIKA on Daily to stop the trading.

On M30 we take entry signals from MIKA or EMA - or the MACD/CCI. Then the exit will be interesting to investigate. But the RRW is the secure way.

If this is a succes - and I believe it will be, then I will make some signal indicators with all kinds of alarms and arrows for the MT4 people.
MetaTrader 4 - so many advantages.
  • #23
  • Apr 20, 2025 2:58pm Apr 20, 2025 2:58pm
OK, Monday I will have visitors and there will be no trading. I don't see any signals anyway. Tuesday I will start.
MetaTrader 4 - so many advantages.
  • #24
  • Apr 20, 2025 10:53pm Apr 20, 2025 10:53pm
Ok - here is the TV MIKA clone.
Making BANK with HalfTrend Indicator - BEST Trading Strategy Revealed
MetaTrader 4 - so many advantages.
  • #25
  • Apr 20, 2025 10:55pm Apr 20, 2025 10:55pm
I am so lazy. And at the daily bar close it is 11pm at my location. I am too tired at that point to investigate a lot.

So I have to make an automatic sorting of the instruments. It will give an alarm when there is an interesting situation on the Daily. Give me a couple of days - I will have visitors from another island today.
MetaTrader 4 - so many advantages.
  • #26
  • Apr 20, 2025 11:28pm Apr 20, 2025 11:28pm
Hello! I am following you with interest and waiting for the Mika indicator as you said.
  • #27
  • Apr 20, 2025 11:52pm Apr 20, 2025 11:52pm
Well - it is faster to code the alarm than analyzing all instruments. And wife is still sleeping So here it is.

Set the colours you want.

The indicator will show the trending pairs. When CCI, MACD and 3 EMA´s are aligned.

Let me hear if there are faults.
Attached File(s)
File Type: ex4 WinnerAlarm1.ex4   10 KB | 332 downloads
MetaTrader 4 - so many advantages.
  • #28
  • Edited Apr 21, 2025 1:41am Apr 20, 2025 11:59pm | Edited Apr 21, 2025 1:41am
This then todays pairs where everything is aligned. Long direction for blue background and short for red. Easy overview.

Remember, that the trend is starting the exact day when all these indicators align. That is the exact time when we shall begin entries at M30.

Today there are no new setups on Daily. So nothing to trade.

However. I believe in the TF's Daily and M30. But it could be investigated if other TF's works good enough. Maybe try H4 and M15?? I haven't got the time for investigating that today though.

So have a nice day folks. I am leaving the building.
Attached Image (click to enlarge)
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MetaTrader 4 - so many advantages.
  • #29
  • Apr 21, 2025 1:00am Apr 21, 2025 1:00am
Quoting RiskFighter
This then todays pairs where everything is aligned. Long direction for blue background and short for red. Easy overview. Remember, that the trend is starting the exact day when all these indicators align. That is the exact time when we shall begin entries at M30. Today there are no new setups on Daily. So nothing to trade. However. I believe in the TF's Daily and M30. It could be investigated if other TF's works good enough. Maybe try H4 and M15?? I haven't got the time for investigating that today though. So have a nice day folks. I am leaving...
thanks alot
  • #30
  • Apr 21, 2025 4:19am Apr 21, 2025 4:19am
Visitors will be here in half an hour. So I have been vacuuming and anything else that my wife FORCE me to do. But she cannot remove my thoughts. So I got an idea:

We have a situation where the Daily TF has an uptrend. All the indicators shows up. Why not get a signal when the same indicators on M30 (EMA's, CCI and MACD) gives a signal to trade. So I just made this function in the indicator. You just put the Alarm indicator on the Daily. It will show which pairs are trending according to the rules and now it will furthermore give you an alert on screen and IPhone when there is a trade on M30.

I need to test it, just used 5 minutes to create it and there will be faults.
MetaTrader 4 - so many advantages.
  • #31
  • Apr 21, 2025 9:48am Apr 21, 2025 9:48am
What about Heiken Ashi? Should it be used to open trades in any way or for any purpose?
  • #32
  • Edited Apr 22, 2025 6:25am Apr 21, 2025 12:31pm | Edited Apr 22, 2025 6:25am
Hello!
Quoting RiskFighter
If you are a family father/mother and dayjobber, then you can set&forget every day at market close.
Do I understand you right?
1. Find D1 trending pair.
2. Wait for MACD and CCI show one color align withs the SHA color.
3. Set the SL at the opposite side of the MAs channel.
4. Exit (in profit) when MACD or CCI change color.
Just an opinion. Based on research
  • #33
  • Apr 21, 2025 2:37pm Apr 21, 2025 2:37pm
Quoting RiskFighter
Visitors will be here in half an hour. So I have been vacuuming and anything else that my wife FORCE me to do. But she cannot remove my thoughts. So I got an idea: We have a situation where the Daily TF has an uptrend. All the indicators shows up. Why not get a signal when the same indicators on M30 (EMA's, CCI and MACD) gives a signal to trade. So I just made this function in the indicator. You just put the Alarm indicator on the Daily. It will show which pairs are trending according to the rules and now it will furthermore give you an alert on...
Hello RiskRighter, nice new strategy, can you clarify something please? is this a good entry point? or you shouldn't take this one, if not please give some details.
Thanks in advance.
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  • #34
  • Apr 21, 2025 3:42pm Apr 21, 2025 3:42pm
There have been questions. I will get back to those, but now I think it would be fine to explain it all again. Here we go.

I have this idea, that if we know the direction of the next daily bar - BEFORE it even happens, then we have 48 bars at the M30, going into that direction. So the most important thing is for me, to have a tool to guess the next bar on the Daily.

I found, that using the CCI tool and MACD tool which I provided, we can have a pretty nice guess. BUT we have to chose instruments that are trending nicely. Therefore I suggest to use 3 EMA's as well. The settings of those are to discussion.

So if you have a day job, just find the best trending pairs and get into the trade, exactly when all 3 indicators turn the same way. Set RRW at your choise. It is much more important to have frequent wins than big wins - because the many wins and fewer losses gives you a believe in yourself and a good sleep at night.

If you are able to trade the M30, then the situation is different. You will experience some runs in the direction of the Daily trend. Never trade against that direction. Over the 48 bars there will be trend changes to the opposit direction. And then a change back to the trending direction. Then you can enter another trade.

If the Daily gives us more than one bar in the trend, then you have 48 bars per daily bar.

At some point the daily bar stop the trend. You will then get 48 bars or more in the faulty direction. BUT, you only take trades in the trending direction and only if all confluences are right. Thus you don't lose a lot when the Daily have a stop bar.

When you are trading on the +48 bars at the M30, you can use:

  1. The CCI, MACD, Triple EMA as entry signal.
  2. Or the 20EMA tool I showed. Take the trade when all confluenses are right AND a bar crosses the EMA in the trend direction. The EMA is fine because it very clearly shows that status of the trend.
  3. Or use the MIKA tool. This tool is fine because it gives many chances for getting in. I will show that later.

As exit you can:

  1. Set a RRW TP/SL.
  2. Use the 20EMA. When a bar close on the opposite site of the EMA.
  3. Use MIKA. When a bar close on the opposite site of the MIKA channel, it is a warning. You might give it a chance. But I get back to that later.

When does the M30 adventure stop? Of cause as the Daily adventure stops. If that is MIKA, the EMA, you feeling or anything else - let us investigate the best method.

The indicator.
I have uploaded an indicator. It shows on the Daily ALL the instruments that have the confluences in the same direction. It does not show:

  1. When the trend started.
  2. How well it is trending.

There are loads of instruments that have the colour if you use my indicator. But as a rule, you may only trade when the signal is new. I will improve the indicator to show only new signals later.

I am working on a M30 signal indicator as well.

MetaTrader 4 - so many advantages.
  • #35
  • Apr 21, 2025 5:22pm Apr 21, 2025 5:22pm
Quoting RiskFighter
day job... Set RRW at your choise. .
Please give one more detail not shown in two previous daily scenario descriptions:
What is the SL in D1 trading? Low ma for buy and high ma for sell? Or something else?
Thanks in advance.
Just an opinion. Based on research
  • #36
  • Apr 21, 2025 8:00pm Apr 21, 2025 8:00pm
GBPCAD

On daily there are 2 green bars. The latest is the one for the new ongoing bar. The first must have been yesterday. I am not sure why I did not see that?

Watch the zoomed out M30. See how the 20EMA channel shows a nice ongoing trend.

Watch the zoomed in M30. It would have been a very nice trade yesterday. One trade at 2:30. RRW 1:3. Next trade at 17:00. Would still be ongoing.

So the trend started yesterday and is still going. I missed a lot but I dare to get in now. I need to get some trades to show the system. So I will trade the 20EMA on this one. That means, if a bar close over the EMA20high, I will buy. And as long the Daily is still trending, I will keppe buying.

You will see that I have the standard CCI on the chart. It is not part of the strategy, I just have the experience, that a trade is better if the CCI have been below the -100. So I will trust a trade a little more this way. I also have the Daily Open line on the chart.
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MetaTrader 4 - so many advantages.
  • #37
  • Apr 21, 2025 8:09pm Apr 21, 2025 8:09pm
Quoting laksior
What about Heiken Ashi? Should it be used to open trades in any way or for any purpose?
Post #9.

By SHA I mean Smoothed Heiken Ashi.
MetaTrader 4 - so many advantages.
  • #38
  • Apr 21, 2025 8:14pm Apr 21, 2025 8:14pm
Quoting since80808
Hello! {quote} Do I understand you right? 1. Find D1 trending pair. 2. Wait for MACD and CCI show one color align withs the SMA color. 3. Set the SL at the opposite side of the MAs channel. 4. Exit (in profit) when MACD or CCI change color.
Do I understand you right?
1. Find D1 trending pair.
2. Wait for MACD and CCI show one color align withs the SMA color.
3. Set the SL at the opposite side of the MAs channel.
4. Exit (in profit) when MACD or CCI change color.

1: Check.
2: Check. Not SMA - EMA.
3: Or at the latest swing low.
4: At latest. When MACD or CCI change color, you will have given some of your profit away. I will use RRW 1:3 for now.

We still need to work on the exit. I have some more ideas, haven't come to that yet.
MetaTrader 4 - so many advantages.
  • #39
  • Apr 21, 2025 8:33pm Apr 21, 2025 8:33pm
Quoting Catalin1906
{quote} Hello RiskRighter, nice new strategy, can you clarify something please? is this a good entry point? or you shouldn't take this one, if not please give some details. Thanks in advance. {image}
Catalin.

The daily was clearly in short mode. The trade was ok according to the rules. Your SL should have been over the 20EMAhigh though. It is to tight. On the other hand the bar you traded had moved a long way from the EMA channel. Then you get a long way to the SL, so I would have made a RRW on 1:1 in that case.

I am afraid it is closed to be stopped out by now.

You should have traded earlier at the day. There were plenty of signals from the EMA channel.
MetaTrader 4 - so many advantages.
  • #40
  • Apr 21, 2025 8:50pm Apr 21, 2025 8:50pm
Quoting since80808
{quote} Please give one more detail not shown in two previous daily scenario descriptions: What is the SL in D1 trading? Low ma for buy and high ma for sell? Or something else? Thanks in advance.
This is the GBPCAD signal. Traded on the daily you have 2 possibilities for setting the SL. Under the EMA or the last swing low. I would use the under the EMA to get out fast if the trade turns out ranging.

You can trail the trade by getting out when a bar close below the EMA some time in the future.
But here is a trick. There will be spikes that go below the EMA - but only the spike, the close will still be over the EMAlow and the trend continuing. So if you have the SL right at the EMAlow, it might be taken out before time. When I trail the EMA, I keep the SL at the double distance. Then it will only be taken out if you get a large bar. I call this an Emergency SL. Then you exit the trade manually if a bar do CLOSE under the EMAlow.

If this is not clear, let me know and I will try to explain again.
MetaTrader 4 - so many advantages.
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