S/R to get channels

boy people are so afraid to speak here they might give a way something?

I am trying a new system I am trying to make it very simple
any feed back--


3 time charts
day, 3 hour 30 mins

use trend lines on each to get S/R to get channels

on the day use simple 5 WMA (green) & 6WMA (red) for trend
green up -red downsimple

on the 3 hour do the very same

the day & the 3 hour must be going the same way- up or down

then move to the 30 min

put on a WMA channel - light blue 18 WMA & dark Blue 28 WMA - (light up -dark down)
then they cross in the same way as the 5/6WMA on the day & 3 hour you are in!

you get out then they cross back
or cross back over a S/R channel line

http://www.forexfactory.com/images/misc/progress.gif

day chart

1. lines are S/R channel lines
2. Arrow is 5/6WMA up so we are only going up
( likely good to have a bull candle up- Bear candle for down?!)

)

move to 3 or 4 hour chart

the very same

you see the trend on the day & the 3-4 hour

move the 30 mins

18 WMA light blue 28WMS dark blue

light up dark down

add to this if the 18/28 are in sell or buy for a long time

you can get in when the sars give a buy sign

where the arrow is , is a good time to get in

For the above chart in Post #5 where you have the arrow, shouldn't one actually wait until the candle completes or would you just go in as soon as the SAR indicator appears?

good question

I do it as soon as the arrow comes
because - I am with the trend 3 on times frames

I am looking for a reason to get in
the sars comes up I go in

Hi

Do you draw the trend lines manually?
Have you placed the arrows on the charts manually or are they showing by using any indicator as the entry trigger takes place.

what is your profit target and stop loss?

looks ok, it should get more winners than loser, and the rest is up to money management

Have a nice trading day

And you need daily channel? wouldnt be enough to use 4H, 1H and 15 or 30 min

I guess that it depends on your profit taking, but if you want to take small amounts of pips than daily isn't needed, this isnt backed up by backtesting it is just me thinking out loud.

Always is good to see daily charts. Always

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Monaco

You have an indicator that places an arrow that lets you know when the trend matches on all three time frames?

Two questions:
did u backtest this sistem?
did u forwardtest this sistem?

I draw all arrows & lines by hand

t/p levels is
1. price bounces off or breaks back through a price channel
2. When the 18/28 close back cross each other
or the two lines become one

other wise I like to let the trades run

I do post arrows on all mt4 charts - demo

I use Oanda to really trade - they don't have arrows so I have to use lines

back tested- no
been using it for 4 week & its worked very well
& its a system I have been making for the last 4 months & it wins over 85%

2 arrows show the closes

1st. it broke back down on the daily channel south so I would close
- if it had simply bounce off the channel & gone south I would close

2nd. the 18wma crossed the 28wma south so I would close
- if the 2 lines had become one line I would close

other wise I like to let it ride

usd/chf

I got up late today
but the usd/ chf had the set up this morn- I missed it -
I would have made money

I will be looking to get in
1. if it comes back down- & the 18-28 gives me a buy back up
2. If it breaks the 3 hour r-line north
or bounces off the 3 hour s-line north
3. if the sars gives me a buy sign


of coarse I would not trade in news times
ie today 8:30 & 10:00 est !!!!!!

is a nyone out there using this system?
if so is it working for you?

Have you backtested this strategy? Do you mind sharing your results...

Thanks,
Mikhail