edit : it seems the silvertrend is repainting as well... rha i need to find something else ^^
During my journey to the non existing holy grail, i made a lot of test (forward, backward )
I found a know indicator which is Silvertrend to be very intersting but it need a small additional filtering i have tried to pogram in it but failed to do so (yet it is very simple i think)
For this strategy, you need only ONE indicator (attached - a bit modified with the filter option which is not working atm - i has an alert function)
This strategy works fine on 15 min and higher.
Apply the indicator to you favourite pair (trendy pair is better) with the default settings (you can change the width of the line for better viewing - and i modified the indicator so it have good settings)
Your chart should look like the attached zipped chart (entry and exit occurs at the open on the next candle after the arrow)
Now what your are looking for buy (reverse for sell of course) is a bull candle closing inside the silvertrend channel and with the blue line flat or upward (not downward )
Exit strategy is also simple.
Exit when a bear candle close outside the channel or when you have a bear candle with an open outside the channel and a close inside the channel.
Exit as well when the blue and red line crosses.
Look the zip file attached to get the idea.
IMPORTANT : Do not open trade when the blue line and red line are not far appart (distance depends on the TF of course i have yet to find the right distance for each pair / TF )
Reentry rules are the same as entry rule
Tell me what yout think about it.
During my journey to the non existing holy grail, i made a lot of test (forward, backward )
I found a know indicator which is Silvertrend to be very intersting but it need a small additional filtering i have tried to pogram in it but failed to do so (yet it is very simple i think)
For this strategy, you need only ONE indicator (attached - a bit modified with the filter option which is not working atm - i has an alert function)
This strategy works fine on 15 min and higher.
Apply the indicator to you favourite pair (trendy pair is better) with the default settings (you can change the width of the line for better viewing - and i modified the indicator so it have good settings)
Your chart should look like the attached zipped chart (entry and exit occurs at the open on the next candle after the arrow)
Now what your are looking for buy (reverse for sell of course) is a bull candle closing inside the silvertrend channel and with the blue line flat or upward (not downward )
Exit strategy is also simple.
Exit when a bear candle close outside the channel or when you have a bear candle with an open outside the channel and a close inside the channel.
Exit as well when the blue and red line crosses.
Look the zip file attached to get the idea.
IMPORTANT : Do not open trade when the blue line and red line are not far appart (distance depends on the TF of course i have yet to find the right distance for each pair / TF )
Reentry rules are the same as entry rule
Tell me what yout think about it.
Attached Image
Attached File(s)
eurusd2.zip
55 KB
|
2,311 downloads
Silvertrend.mq4
4 KB
|
3,267 downloads