Forexpert310 System

This system is only intended for traders who have at least 1 year experience in this market, and they know by now that Money Management, and patience is the key after they have blown up many accounts, Okay here is the deal, I'll go ahead and explain all of the aspect of this system, but in return I want you to post up pictures of the signals, and put up weekly statements and results... and don't let the thread die, some people they come and learn the system and just walkout the door and never look back... the least we could do is to post up pictures and result, to let others know and also it will make others bring in more ideas.... this is because currently I'm working on other things I don't have much time on my hands...

I got some ideas from others and made this system, this is something like spud's multi stoch, but better and doubt if anyone's trading this way

thanks to spud and AaD's stoch template...

k here it is:
please before i explain things attach the template on your chart before you do you need to download the zip file, put the indicators in your indicator folder and put template in your template folder..

indicatores:
#MTF stochastic
R2_arrows_v4a

Template:
Forexpert310

I posted some charts of the buy and sell signals...
This system is very simple,
long when the blue stoch which is (h4) stoch is above 50 line, and on the chart the candles are above yellow ma and the yellow stoch crosses 23 from below.. make sure the candle closes and the yellow stoch confirms and then enter..

short when the blue stoch (h4) stoch is below 50 line and on the chart the candles are below yellow ma and the yellow stoch crosses down 76 line from above.... make sure the candle closes and the yellow stoch confirms and then enter...

here is the great thing about this system, it usually does not give any signals when the market is ranging and mostly gives out signals when the market is on trend....

important: The best currency to use this system is GBP/JPY 30m

NEW RULE for tp/sl: if you chose a SL make your tp 1.75X your sl so if your sl is 30 your tp would be 52
remember please post up signals, charts, results THANKS.

GL

here are buy and sell signals

Sure looks pretty.

The template isn't complete.
It doesn't have the MAs, #MTF Stoch or R2 arrows.
It only has the stochastics.
Thanks

please put the 2 indicators in your indicator folder and the template in your template folder..

I did.
The #MFT Stochastic is not part of the template.
The arrows are not included on the template.
The MA is not part of the template.

Just give me the settings and I'll put them on there.

sure does. looks like the fireworks in the new year. I like that

if not then attach the #mtf stoch in the stoch window and for the input put 240 for time.. also attach the arrow indicator on the chart

What are the parameters the yellow MA?
It's not on there either.

you must be mistaken it should be there... you have done something wrong, its a 200 simple ma

I don't know what I could have wrong.
I placed the indicators in the indicator file- They are there, I have placed them on the chart.
The MA is default in the indicator file.
The only thing your template had on it was the stochastics.
You might want to check the template again.

I reloaded the template a second time and all the indicators came up.
Not sure what it was- anyway it's ok now.
Thanks

Forexpert310,

thanks for posting the system. I like it and will test it.

Do you pay attention to the slope direction of the blue Sto.?

Thanks again

yes sometimes... if you keep practice with the system you'll get the psychology of it...

Since the arrows are not mentioned in the rules, what purpose do they serve?

What is the purpose of the other stochastics- other than the #MTF and the yellow? They are not part of the rules you posted.

Thank you

the arrows don't mean anything, and other mtf stoch give you a outlook of how choppy or straight the market is

hello, forexpert,

thanks for posting. it does look pretty! i'll check it out

what is the purpose of the pretty stars and arrows? they don't appear to be part of the system rules.
thanks again,

dave

i got the answer.

Interesting system forexpert310, by the way GBP/JPY is one of my favorite pairs...

hello,

I do not know much about template and programming. I use a chart provided from my broker FXCM, and so in order to use your system, what chart do I need to have in order to install that template in?

Please provide instruction or link to the required chart to use this template.

thank you