Traffic Light System

The adx period is 3 and is based on 4hr timeframe (I think this is the standard setting in the indi). You can play around with this to suite.

I exit half my position at 40 pips and move sl to 20 pips above/below open to give the trade a chance. Then manually adjust sl to hourly high/low.

I also mark daily/high lows, s/r levels, fibo levels and other technicals on my chart which can be used to exit.

I have only been using this on demo since last week, but i have enough confidence in the results to go live with it this week.

The pic is a visual backtest.

It could do with an EA really. (Mr Raygun?)

please can you explain on your method i.e open and close of daily bar in respect to this method?

Hi Does Gold Miner repaint

Thanks

Paulus

it is

i saw same were one thet being modifayd and dosnt repaint but i cat faind it now

hello!! can somebody help me please?/
i have downloaded the system from first post n last bar shows on my chart as 03/02 date?? Why ? Is it not uotodate or am I missing something here?

hi Behman

if u mean ur chart is not updating maybe this will help try right clicking on the chart and clicking on refresh

With all good intention I put this system out on FF because I was doing so well with it. Since then it's tanked on me and has not shown me any signs of returning to a winning system. I appreciate all the interest and your help to make this a "better" system, but for now I'm looking for the next best thing. Good luck to all.

Mitch

My first post on this thread...To thanks you to have shared with us that system. As you , i am looking to stick on a system , but still couldn't find it . Anyway, thanks you very much to share it with us , and hope you will find the system that fit your needs at the long term run, best luck ...

Alex Markov.

Hey is anyone here still using this system? I am demoing it and have found it usually is good on certain times of day(ie after 8 pm est).

Hi all,
let me firstly say that this is a great forum. I have only been a member for 1 month, but the info the members have is great.

I stumbled on your system one day ago and have finally got to the last post only to see that it seems that people have lost interest and have moved on...

Such is life!

The system is very simple I will start a demo trial next week and hopefully start using it live soon after.

For those that are still interested, I managed to find the code for the goldminer indicator. I have named it v0 so as not to overwrite the original ex4 that was posted here if you want to have a play with it!

All the best, lots of pips for all.

I decided to post after market hours so that I would not interfere with the flow of the thread. This is my first post with you guys, and I have been reading myself blind on this thread. I am New to ff and 1 1/2 year trader with moderate, but not impressive success. I have been looking for a system with very clear signals and on longer time frames. My brain must have a weird way a assimilating information, and this makes scalping much too exciting and intraday trading too irritating. This may be a good one for me. I am watching with much interest, and plan to test it soon on my micro (what I call my "disposable" account before moving it up to my mini.

I feel already as if I kinda know most of you, so please have patience with this "knuckle dragger's" questions.

Looks excellent to me, Mitch!

open a buy at day open (i use IBFX and day candles starts at GMT)if signals are correct as per post 1, visa versa for sell

Thanks, very useful!

Hi. Great system indeed, thanx for sharing!

I have a question for the GOLDMINER2 indicator, which is included in this system. What is his algorithm and logic? I believe we have pretty good programmers here, so my question is easy piece of work for them

I think the indicator is very nice, but I'm wondering how it works. The answer will help us all

Greetings

Hey Guys, that indicator appears to be redrawing its signals like crazy, so correct backtest cannot be made. Actually it seems to be scam In hyndsight the signals look very good, but in real time they are far below acceptable performance.

Damn, these redrawing indicators are so annoying

I've been doing well with goldminer and a few others. I'm typing this quick cause I'm trading....good luck. I'm not going to follow this thread. If you've been suing the goldminer then adding the TDI will take about a night to understand.

Add RSI bar indicator
Add TDI
Add stoch

Change the RSI to 8


Go to the end of this thread....it's condensed....forget the rest unless you want details.

Go to compassfx.com and watch there video on the cross of the green and red.

The TDI I listed has a dotted blue line....any time you cross it....pretty much get out. Don't ask the guys on compass fx about this indicator....it rubs them wrong. Somebody took it and added the dotted blue line. I believe it's a 13ma.

Do this:
Check long term trend on higher tf's...try to trade in direction of trend. You can go counter but only take a few pips on the lower tf's

When goldminer changes wait until green crosses red on the tdi.

Check that the 5,3,3 stochastic is maxed on a few tf's up (If going short)...that way they'll all fall like a wave...be careful. They can peg and price can keep running forever.


Draw as many trend lines as you can....especially channels. This works smashing with channels....even on the 5 minute. I use the 1 minute to enter and forecast a coming entry. This is one of the most important parts. It will verify all the indicators.

This is the kicker. Look for triple taps on the main trend lines....especially on the 1hr, 4hr, daily. They almost always mean a reversal and hard. The third tap on the trend line will usually break thru a bit. up to 50 pips on the higher tf's....5 to 10 on the lower. Prepare for it to swing around and drop. Find the channels. I use this on the 15m, 5m, 1m charts. after I find the three taps on the higher tf's...Find the triple taps on the lower times too. The are good entry points when all the indicators line up.

When you get a grip on the tdi....this works like magic.

Exit when the green line in the TDI crosses the red or the stoch turns up at the other end.

Remember find the channels...even on the 5 minute. They verify all the other stuff.

Here's two good examples I just traded...notice when the green line crosses the red. Notice the stoch turning up. Notice the other indicators. The red verticle lines are the third tap on the trend lines. Notice how the price goes wild when green crosses the dotted blue line....5 min chart. The purple tl is the bottom of the up channel. It triple tapped the red channel coming down and the purple tl going up. Enter when green breaks red completely.

The second trend line is a short....notice how green comes down over the blue. Then crosses red. When it's high ignore the dotted blue line....except to exit. If it ever goes back over the dotted blue in the opposite direction....just get out and take the loss. Look at the 15 minute to make sure the stoch is also maxed. use the 1 min to enter...1m to exit if you want


P.S. !!!!! I was reading another post and it reinforced what I've seen on the 1 min 5 min charts.

This is a scalpers dream when you "Get it"

1. Use the yellow bar in the RSI as an entry indicator. If it turns yellow on the 5min....drop to the 1 min and make sure it agrees with the 5min.

2. Make sure stochastic is maxed or below the 20 (line - for a long) or above 80 line (short) with the green line crossing over

3. Look for the green crossing red in the TDI. I turn off the trend text in the TDI...also add my own 32,50,83 lines in tdi)

4. work within a channel....be sure you are not coming up on a major support or resistence line...if you are it takes presidense over the channel line but only if it is a major line....

5. use the 1 min to enter exit....It trade both ways...counter trade also....only take a few pips on the 1 minute. You'll get it after a bit.

6. Be sure to look at 1hr, 4hr charts...find the trend....look for trend lines. Especially a third tap on that line. They fall and reverse 70% of the time

7. To start concentrate on entering at top and bottom of main channel...draw smaller channels as you trade within the channel. Use TL's to see where price breaks up and down. Price falls...tl over price....price rises...tl under price.

8. Price will almost always come down to tap the main channel trend line three times...on third tap be aware it may fall thru the main channel tl line slightly then pop back up. (for a short)

9. Put a fib on the 5min....if it breaks thru the third tap, look to see if there's a major fib line. It will probably fall to that line...especially the 61.8 fib. Redraw the major channel line after it finishes it's fall thru the botom channel line. If it falls below the major s/r line or fib line then the channel has probably ended.

10. I understated this.....if you are trading both ways. To determine a counter trend. Watch when green tdi line crosses the blue dotted line. It's usually officially retracing. If it's at the bottom of the channel line then bingo!!!! go if all other indicators agree! Decide entry from the green / blue dotted TDI line on the 5 min chart. Don't go past zero pips losted if it retraces back over the blue line. you usually won't need more then 10 pips sl.....don't use it....use 30 or so for spike protection. Or nearest major pivot.

The longest runs usually happen after the green TDI line crosses up or down over the dark blue solid lines in the tdi.

If you watch goldminer then you'll notice it pretty much changes on retrace....not small changes in trend. The rsi changes almost immediately. If the 15m and 30 min stoch is maxed up and falling...move up a time frame and watch all the indicators.

Experiment with the RSI....I just tried setting it to 3 today....very interesting!!!

how do i install the HMA

seem like great trading system, thank bro for make it