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Attachments: TwinBlade 5mint System
Exit Attachments

TwinBlade 5mint System

  • Poll

  • Profitable to you? (Please trade atleast a week before voting)
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  • #1
  • First Post: Edited Dec 10, 2008 6:18am Dec 3, 2008 6:32am | Edited Dec 10, 2008 6:18am
I created this system for the most popular Japan Yen pairs, and i hope it will make u feel like a samurai with a double edged sword!

OK 1st thing you may know, Japan yens have a correlation, especially with the Euro-Yen and Pound-Yen. So we are going to use these 2 pairs together since they really act like twin sisters.

Entry/Exit rules for Buy trade
----------------------------
Buy Entry - Wait for blue Heineken Ashi candle + green dot + make sure the green RSI is crossed over the Pink base line.

Buy Exit - If red Heineken Ashi candle forms or if Pink dot appears or if Green RSI crossed below the Pink Base Line.

Entry/Exit rules for Sell trade
----------------------------
Sell Entry - Wait for red Heineken Ashi candle + Pink dot + make sure the
Green RSI is crossed below the Pink base line.

Sell Exit - If Blued Heineken Ashi candle forms or if Green dot appears or if Green RSI crossed above the Pink Base Line.

Stoploss & Targets
------------------
No recommendation for stoploss, thats is up to you. For Targets, If you want you can wait for the exit terms and eat the whole pie or if you want you can hit n run 10-20pips on every trade signal and take bites, its all up to you.

Trade Session
-------------
From London Open Session to USA session close. You can find the session time from this website, http://www.2008.worldmarkethours.com/Forex/index.htm

Time Frame
-----------
Only 5min chart and you must have chart for euro-yen and pound-yen both side by side Tiled vertically in metatrader. Like this...

Attached Image (click to enlarge)
Click to Enlarge Name: twinblade.jpg Size: 212 KB


Note : Included is a candle countdown timer, so you have to make sure the candle is closed before considering any of the entry/exit signals to prevent fake outs on the live candles.

Installation
------------
Copy all the .ex4 files to experts/indicators folder
Copy the .tpl to /templates folder
Load the chart with the "twinblade_system.tpl" template to pre-load everything.

Note 2 : Please check the post 26 in this topic for some important trading info over here. Please demo trade at least a week before you trade live.

Note 3 : There are 2 pink 5 period moving averages of high/low prices. If the candles are moving inside those 2 moving averages, its usually not a strong market or a ranging scenarios, and if the candles are breaking out of the high/low MA's its a strong market and trending scenario.

Note 4: Some more detailed explanation for your understanding of how the system works, click over here.
Enjoy earning pips and your contribution to better this system is more than welcomed!

New Version! TwinBlade System V0.1
(same rules as older version but with a newer approach) -----> Click here
Attached File(s)
File Type: zip twinblade_system.zip   20 KB | 5,233 downloads
  • #2
  • Dec 3, 2008 7:13am Dec 3, 2008 7:13am
Heineken Ashi candles make me feel like a Dutch farmer...

But good luck with your method.
  • #3
  • Edited Dec 4, 2008 4:22am Dec 3, 2008 7:16am | Edited Dec 4, 2008 4:22am
Example how it works...

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_twinblade.jpg Size: 187 KB


This example was part Asian session and part London session, but for best results and to avoid dead/range market and to gain on the big moves, only trade from London session start to US session close. The most best times are when London, Euro and US sessions are open at same time.

  • #4
  • Dec 3, 2008 7:40am Dec 3, 2008 7:40am
Why don't you post the mq4's? All of these indis are avalailable. I haven't seen the altr trend though, but probably just something re-named. Now I have to dig around through my platforms to find these.
  • #5
  • Edited Dec 4, 2008 4:22am Dec 3, 2008 8:17am | Edited Dec 4, 2008 4:22am
Quoting BenQ
Why don't you post the mq4's? All of these indis are avalailable. I haven't seen the altr trend though, but probably just something re-named. Now I have to dig around through my platforms to find these.
I don't have the mq4's for all indicators, some common ones like "magnified market price" and "candle time" ... unfortunately i don't have the mq4 for the alt trend.. and yeah i think someone renamed it all.. asktrend, asctrend, askitrend_sandy, altrend... but its basically the same indicator, just shows u the reversal of trend and continuations. Very useful so much so that I've made it part of my system
  • #6
  • Dec 3, 2008 8:56am Dec 3, 2008 8:56am
Great job, it's nice system...did you use it in the real world?, it's as profitable as it's seems??
thank for share it with us and good lack
Popeye

Good work!!!!
To make an omelet you have to break a few eggs so breathe and be happy
  • #7
  • Edited 5:14pm Dec 3, 2008 8:56am | Edited 5:14pm
Smart System....
Nice Scalping method...associated with gr8 indicator...
One can make seriously profit by "religiously" follow the system....
All the best 'dznmrd' buddy...I hope u will support ur thread closely as well..
For those who wanna understand more aboout...Heikin-Ashi..I have attached lil nice pdf about it...


Cheers,
Sonic
Attached File(s)
File Type: pdf What Is Heikin-Ashi.pdf   1.1 MB | 10,103 downloads
  • #8
  • Dec 3, 2008 9:02am Dec 3, 2008 9:02am
Hi dznmrd,

not so much left of the former synergy method. This isn't your advanced synergy method or? Looks good. I'll try it soon.

Regards
  • #9
  • Dec 3, 2008 9:07am Dec 3, 2008 9:07am
Quoting Popeye
Great job, it's nice system...did you use it in the real world?, it's as profitable as it's seems??
thank for share it with us and good lack
Popeye

Good work!!!!
I just grew my test money from 400$ to 1000$ trading 1minilots this week (600pips) and my buddy who's using this too Mr Reed, he did 2500$ to 14,000$ this week!

It will take u a week of demo to get the hang of using this, but once u know how to trade this, u can kick ass like a samurai with a twin blade sword
  • #10
  • Dec 3, 2008 9:18am Dec 3, 2008 9:18am
I really like the Trader Dynamic Index. Great Indicator.
  • #11
  • Dec 3, 2008 9:20am Dec 3, 2008 9:20am
Quoting dznmrd
I just grew my test money from 400$ to 1000$ trading 1minilots this week (600pips) and my buddy who's using this too Mr Reed, he did 2500$ to 14,000$ this week!

It will take u a week of demo to get the hang of using this, but once u know how to trade this, u can kick ass like a samurai with a twin blade sword
Holy smoke that is great.
  • #12
  • Dec 3, 2008 9:23am Dec 3, 2008 9:23am
Hey,
I got a question? Do you trade both EUR/JPY and GBP/JPY together at the same time because of the fact that those two go almost everytime with each other? Actually is logical but risky too.

D.
  • #13
  • Dec 3, 2008 9:27am Dec 3, 2008 9:27am
Why did you choose 5 minutes charts?
Tks
Popeye
To make an omelet you have to break a few eggs so breathe and be happy
  • #14
  • Dec 3, 2008 9:28am Dec 3, 2008 9:28am
Why do both charts have to be side-by-side?
Does this mean not to enter unless there are entries on both charts, at once?

Also

In the chart you posted, there appears to be exits (according to your rules) that you did not take.
Candles changing color was an exit signal. There were many of those you didn't take.
  • #15
  • Dec 3, 2008 9:30am Dec 3, 2008 9:30am
Quoting DirkH143
Hey,
I got a question? Do you trade both EUR/JPY and GBP/JPY together at the same time because of the fact that those two go almost everytime with each other? Actually is logical but risky too.

D.
Ok it works like this, one side has a lower pip movement (Eurjpy) and the other side has a higher pip movement (gbpjpy), if u want lowrisk.lowprofits trade eurjpy if you want highrisk.highprofit go for gbpjpy.

I suggest that you trade with only 1-10% of your balance, that way your risk will be in a scale of just 10% of your balance. Instead of trying to invest higher lots and banking of less pips, go for lower lotsize and try to gain maximal pips.

But if you check either one , eurjpy or gbpjpy. It definetly can give u 10-20pip per trade signal 95% of the time, if you want to do hit-n-run trading and there are atleast 5-10 trade signals on average per day.

Just follow the entry rules ive posted on the 1st post, it gives a 95% good entries.. exit is up 2 u.

Remember if any of the exit conditions are met, just exit ASAP.

Please remember to breakeven as soon as u are up like 10-20 pips if you want to stay the trade more longer.

Good luck
  • #16
  • Dec 3, 2008 9:31am Dec 3, 2008 9:31am
Quoting Popeye
Why did you choose 5 minutes charts?
Tks
Popeye
I think I know why. I myself trade on the 1 min and you can make profit fast but it is more risky. On the other hand when you look at the 5min chart, you filter all those mini fail signals out. The 5 min is a more secure way of trading without so much 1min risk. I definitely going to try both time frames. Looks very promising.

D.
  • #17
  • Dec 3, 2008 9:33am Dec 3, 2008 9:33am
Quoting dznmrd
I just grew my test money from 400$ to 1000$ trading 1minilots this week (600pips) and my buddy who's using this too Mr Reed, he did 2500$ to 14,000$ this week!

It will take u a week of demo to get the hang of using this, but once u know how to trade this, u can kick ass like a samurai with a twin blade sword

Thank for your answer...great job!!!
To make an omelet you have to break a few eggs so breathe and be happy
  • #18
  • Dec 3, 2008 9:34am Dec 3, 2008 9:34am
Quoting billbss
Why do both charts have to be side-by-side?
Does this mean not to enter unless there are entries on both charts, at once?

Also

In the chart you posted, there appears to be exits (according to your rules) that you did not take.
Candles changing color was an exit signal. There were many of those you didn't take.
Yes, if you need more accuracy..you would trade only if there are entries on both charts at once.

Yes, there were exits i did not take, simply because i was breakeven on those trades and waiting for the green RSI to cross the pink baseline for a chance to earn more profits. But please don't do that if you don't want to take risks.
  • #19
  • Dec 3, 2008 9:36am Dec 3, 2008 9:36am
Quoting DirkH143
I think I know why. I myself trade on the 1 min and you can make profit fast but it is more risky. On the other hand when you look at the 5min chart, you filter all those mini fail signals out. The 5 min is a more secure way of trading without so much 1min risk. I definitely going to try both time frames. Looks very promising.

D.
In a fast moving high volatile pair like euro-yen and pound-yen, you could be doing 100's of pips on a 5min chart then on the 4hour. Also i choose 5min instead of 1minute because then it would prevent fake outs and indicator repaints.
  • #20
  • Dec 3, 2008 9:37am Dec 3, 2008 9:37am
Quoting DirkH143
I think I know why. I myself trade on the 1 min and you can make profit fast but it is more risky. On the other hand when you look at the 5min chart, you filter all those mini fail signals out. The 5 min is a more secure way of trading without so much 1min risk. I definitely going to try both time frames. Looks very promising.

D.
Thanks man, you are rigth!!!
To make an omelet you have to break a few eggs so breathe and be happy
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