looking for no indicator system | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Perplexed - year spent looking for system 212 replies

Looking for Eur/Usd Usd/chf hedge system 12 replies

Looking for EA for ADX system 7 replies

Looking reference for System 1 reply

looking for an intraday system 6 replies

Attachments: looking for no indicator system
Exit Attachments

looking for no indicator system

  • #1
  • First Post: Jan 28, 2009 3:52am Jan 28, 2009 3:52am
I am looking for trading system that do not use RSI / macd / stoch indicators.

Just based on the price trend.

any recommendations ?
  • #2
  • Jan 28, 2009 4:06am Jan 28, 2009 4:06am
read the system II by feb
  • #3
  • Jan 28, 2009 4:15am Jan 28, 2009 4:15am
Quoting webforex
I am looking for trading system that do not use RSI / macd / stoch indicators.

Just based on the price trend.

any recommendations ?
Hello webforex

Channel and trendlines works very well in price action
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 14 KB
Click to Enlarge Name: gbp-usd 2.gif Size: 17 KB
  • #4
  • Jan 28, 2009 6:15am Jan 28, 2009 6:15am
Hi webforex,

I would suggest you visit the 4hr 5EMA thread started last October in Trading Systems. It only uses a couple of EMA's, no indicators and averages about 600 pips a month. Its quite an easy system to trade and does not require much chart time, but has produced a monthly profit since the thread opened. I hope this helps.
If there is ever any doubt then there is no doubt.
  • #5
  • Jan 28, 2009 8:51am Jan 28, 2009 8:51am
just look at the different charts and watch observe price action. if you do this on a regular basis, you will start to get a feel for the different currencies' price action
Twitter: @forexpokerpro
  • #6
  • Jan 28, 2009 9:13am Jan 28, 2009 9:13am
Quoting webforex
I am looking for trading system that do not use RSI / macd / stoch indicators.

Just based on the price trend.

any recommendations ?
actually I would be more interested to know why you avoid those indicators

when a trader started to delete the MACD, stoch, RSI, SMA, EMA, trendlines, S/R and any other indicator from the chart that is a sign of a good progress, because finally he/she learns that you can't trade based on false hopes.

trading is like eating when you're hungry or drinking when you're thirsty
trading is not like "oh I think I'm gonna be hungry in 2 hours so I'd better start eating now"

just be "in the market" at all time and finally you will learn how to be a real trader. perhaps you will still use some of the technical techniques you learnt along the way, that's fine, but your judgement of the market would constitutes 95% of your trading decisions. it is a long and painful journey with confidence and profit as the trophies.

good luck
  • #7
  • Jan 28, 2009 9:17am Jan 28, 2009 9:17am
You should look up some of my Turtle trading EAs. Its based purely on price action and should fit what you need. You can find it at:
http://www.forexfactory.com/showthread.php?t=143250
  • #8
  • Jan 31, 2009 7:51am Jan 31, 2009 7:51am
Thierry89

How you use channels and pricetrend action ?
  • #9
  • Jan 31, 2009 9:21am Jan 31, 2009 9:21am
Horizontal Line Trading by therumpledone on fxfisherman. Pure price
action, zero indicators. This one will get you thinking.

Rob
  • #10
  • Jan 31, 2009 10:29pm Jan 31, 2009 10:29pm
where to get TRO free indicators ?

unable to download the MT4_MOTHERLODE_200812.zip

anyone has it please share.

thanks
  • #11
  • Feb 1, 2009 5:37am Feb 1, 2009 5:37am
zip contains 14 TRO indicators.
Attached File(s)
File Type: zip MT4_MOTHERLODE_200812.zip   31 KB | 678 downloads
  • #12
  • Last Post: Edited 11:11am Feb 1, 2009 8:02am | Edited 11:11am
Hello chicagorob

Thanks for your motherloade.zip file.

But this zip files of 14 indicators do not contain other important indicator like insidebar indicator
and buzzard indicator
0 traders viewing now