not tryin to change anything here but to be money reliable, the iinwmarrows needs to be rewritten slightly..... just slightly....
also, small period ma cross systems can whack you pretty good unless filtered.... a filtering in this case would be taking buys only when a slower ma on a couple higher time frames supports the trade....
as example, using the 15 minute chart, take every 3 ma coss buy but only when the 6 period ma's are confirming the buy on the 4 hour and daily charts....
breakevens and trailing stops using lot weighted [i]average...
Hi Lyllia
Thanks for your great method. I have a small Q.
When a thick red line occurs in Abha in H4 is it a trend change?
Thanking in advance
Senbanda
Hi Lyllia
Thanks for your great method. I have a small Q.
When a thick red line occurs in Abha in H4 is it a trend change?
Thanking in advance
Senbanda
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it indicate a possible cycle low or high in that TF is in place.But sometime it repaint with PA.
what's the diffrence between MTF indicator and normal mt4 indicators?tia
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hi
i am not programmer and i just found them this morning from FF forum and now trying myself to understand the difference. but i found them very useful to find support and resistance levels. for example put on H4 chart shi indicator with timeframe value 60 and another indicator with timeframe value 240 and this is some kind of filter for arrows (in case of manual trading). timeframe value 0 works on any timeframe according to this timefame.
Do you use both indicators on the same 4 hr chart with different value 60 and 240? could not understand what do you mean? Do you mean you put shi mft on 1hr chart and shi mod on 4hr chart? I have not try them yet.Could you explain the difference or post your chart here.
Do you use both indicators on the same 4 hr chart with different value 60 and 240? could not understand what do you mean? Do you mean you put shi mft on 1hr chart and shi mod on 4hr chart? I have not try them yet.Could you explain the difference or post your chart here.
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i put on H4 chart first shi indicator with timeframe value 60 and second shi indicator with timframe value 240 (if you like you may add third shi with 1440 daily value). then you can see 4 hours trend and inside 1 hour trend on your chart. sr levels are channel borders and center line. for example where H1 channel crosses H4 channel there is very strong sr level. it makes trading more simple. if you see arrow appears but this trade goes against the trend you can drop this trade and wait for next.
It is working well in trending market.The good thing is it catches the trend from very begining.But not working so good in congestion area ,especially in small time frame.when we do manual trading,we have choice to choose when to trade.But working with EA, it is not that simple.
When the position opened so late after the arrow appears, the position might be against you. With manaul trading there is no such a problem.As soon as the arrow appears, I could open the positions.
Today I did not trade,cause my broker's server has problem,they have to redirect clients to other server which only allow clients to log in no more than 2 minutes,then disconnect it.It is all manupulated.
I trade mony years ago,some brokers use this kind of method to do their own good.They make it like accident. In another word,the accident is not real.That's the way how they could benifit themselve by taking advantage of the client.So choose broker like choosing friend,if you go with the wrong one,you always get trouble.And they do this ruthless.They keep talking to you as if they provid good service to help you passing the time.At the same time they are using your money and method to make money for themselves.
And they pretend to pity you. And you know what one of them is my best friend I talked about in my little story I posted before.They are not really your friends.They pretend to be, to keep you in the game. They play the game : who is the best cheater who could beat all other people to satisfy themselves.
i put on H4 chart first shi indicator with timeframe value 60 and second shi indicator with timframe value 240 (if you like you may add third shi with 1440 daily value). then you can see 4 hours trend and inside 1 hour trend on your chart. sr levels are channel borders and center line. for example where H1 channel crosses H4 channel there is very strong sr level. it makes trading more simple. if you see arrow appears but this trade goes against the trend you can drop this trade and wait for next.
