1H Trend

Found this trading template at another forum (tsd) some weeks ago, and I add that "It is not mine".

The rules are explained on the attached image

It is originally a 1H setup, but also looks good on 5min, 15min.

This is such a great forum and I thought to post this to see if it can be developed further and in the end could be of use to someone else.

edit: 2009-feb-07 06:35gmt - uploaded all indicators and template seperate.
the template has the following list of indicators:
Chart:
EMA - 80, high
EMA - 80, low
MA rsi - 80,1,0,40,50 ( of which the 40 is the period of the RSI and the 50 is the level)
macd cross - 38,120,20,false

Indicator window 1:
MACD - 38,120,20
MACD line - 38,120,20

EDIT: 2009-feb-9 04:50gmt as per post #58 on page 4
MA rsi - the indicator has been modified so that you can put different buy level and sell level. Default is 50, but you can set the buy level to 55 and the sell level to 45. The modified MA rsi indicator has now been added to the indicators below

EDIT: 2009-feb-10 05:30gmt
for the rules of this sytem (go to page 2 post #26 for the link in the TSD forum)
... and I quote "The rules are simple: Make a trade in a candle break, and use MACD and MA(80) as a filter. See the image for explanations...."


EDIT: 2009-Feb-17 13:40gmt (this is my prefered chart setup - no one needs to change their charts,this is just how I prefer it)
I have left the MACD cross indicator on the main chart set at 38,120,20 (the arrows)
I have changed my MACD to 12,26,6 and added a EMA21(close) to it
I have added a stoch 120,60,3 with level 50
I have tried to explain how I trade this sytem on page 6 posts #79 #80 #83 #90, page 7 #98
Siuol made a good suggestion of how to move your SL - page 7 #92

Looks like a good system. I'm gonna try it out.

Hi,

I was just wondering if there was any further information regarding this method? - Is there any rules relating to it apart from what I can see on the photo?

It looks like it's setup for a buy after a candle closes outside of the channel as long as Macd agrees and opposite for sell.

It was a farewell "gift" from the member who was leaving the forum. He/she said that he will not explain further, as the system "talks" for itself. This is why I thought it could maybe developed further here.

What I have learned from this system is to use the macd (even settings at the default of 12,26,9) to establish if the trend is in a buy or sell, not to rely on MA crosses, and together with what I have learned from eohater (ff forum), to treat MA's as support and resistence.

this looks promising, I'll try it out and report back

Thanks Jnita for sharing this strategy!

I started demo testing it yesterday with success. However not on the 1 hr but on a 1 Min. timeframe. Quick scalping. I will try to test more consistent and post results later.

Thanks again.

Thanks.

Will be great to see your results.

I see what you mean by using it on a 1MIN as a scalp.

1MIN TF - added a stoc of 120,3,3 with a 50 level
and the whole picture looks great with some good entry points.....

Hi.
Can someone tell me what settings are needed for the channel on the chart screen? The reason I ask is that each time I try and load the template, my browser crashes, for some reason. So maybe constructing the chart manually might avoid this.
Thanks in advance.

80ema high
80ema close (or use the MA rsi indicator)
80ema low

if you have the ma rsi indicator set it to
80
1
0
40
50

Thanks a lot, mate.

you know, in fact macd is just 2 MA that cross

I use a system similar to this. Another way to make the channel (i guess it's all the same but..) is to use bollinger bands with a small standard deviation, something like .25/-.25, whatever works for you.

Also - in regards to rules or settings - the more aggressive you want to be, the lower you make your channel. Instead of say - 80 MA, you can drop it down to 50, or whatever.

LOL - yes you right. (macd cross for exit)

Hi, thanks for sharing this system great system. This is the latest trading from me. more than 60 pips!! This system will be more powerful if we use add fibonacci....other recommended indicator is QQE 10.. By the way, I think this system is a bit the same like the Sonic R. Sytem by Mr. Sonic. Any comment from others?


http://i593.photobucket.com/albums/t...kin/forex2.gif

eldyakin, nice trade! I sat out (NFP), since I am life and not on demo (didn't want to take chances), but it looks promising and like you stated that it needs fine tuning. I will try your suggestion of the QQE 10.

It seems very similar to Sonic R system and also the bullbear 5min system that uses the 21ema in a similar fashion.

edit: added image

+50

drawdown 16 +spread

The entry appears to require all three conditions be met. What is your exit strategy? You are using the MACD or Stochs? Thanks

Can anyone explain this system step by step?