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Give me a good trading system as a newbie

  • #1
  • First Post: May 10, 2009 1:33pm May 10, 2009 1:33pm
Please good forum members, can somebody give me a good trading system on 5minutes, 30minutes or 1hr time frames with common indicators on MetaTrader 4.0. please be very explicit if you want to help me on how to set the parameters.
Thanks to evrybody for your support.
Enigma
  • #2
  • May 10, 2009 1:59pm May 10, 2009 1:59pm
Ok... here you go. Tell me how you get on with this and here itttt is...
  • #3
  • May 10, 2009 2:27pm May 10, 2009 2:27pm
How about, buy Low, Sell High.

Enigma, what are you prepared to do to learn !

Look into "Price Action" and "Order flow".

There is no magic system, but there is a Method.

Bigwal
I need to finish something i started
  • #4
  • May 10, 2009 2:58pm May 10, 2009 2:58pm
Try some hard work and research. It's all here in these threads, it will just require years of your life and some dedication. Then you will reap the rewards. Even if someone simply gave you their winning system it probably wouldn't work for you if you haven't learnt all the emotions of fear and greed that you will go through. I am assuming of course that this is your intention.
  • #5
  • May 10, 2009 3:18pm May 10, 2009 3:18pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting Enigma
Please good forum members, can somebody give me a good trading system on 5minutes, 30minutes or 1hr time frames with common indicators on MetaTrader 4.0. please be very explicit if you want to help me on how to set the parameters.
Thanks to evrybody for your support.
Enigma

Whats that! Ok, my system works for me, Its an assembly of things here and there after many trials...but may not work for you. Anywhere,what ever you do, dont forget PA .

Better trading.
I like the Big Dogs because I trade like them
  • #6
  • Edited 3:39pm May 10, 2009 3:24pm | Edited 3:39pm
ENIGMA.......what an appropriate name for u.

What can i say....GOOD LUCK?

PS: My primary system is base on Bill Williams Chaos, U can find all the indicators u need in MT4 there & so many resources in the WWW u can learn from...I am Stuck with this system...not easy to switch...12 years it has been with me u know & my only source of income..

Take care. Do watch out on your money management skills(flip some coins) combine with a strict ruleset (this u have to figure out on your own) U'll be fine...& err dont panick
  • #7
  • May 10, 2009 3:38pm May 10, 2009 3:38pm
Quoting bigwal
How about, buy Low, Sell High.

Enigma, what are you prepared to do to learn !

Look into "Price Action" and "Order flow".

There is no magic system, but there is a Method.

Bigwal
Enigma, below is everything you need to know [rest like where to enter etc is also important but the simple things below are the most important]

The most important thing: Buy high, take profit even higher. Sell low, take profit even lower.

Use R% for position sizing.

Cut losing trades. Don't take profits too early.

Stick with the plan.

Good luck.
  • #8
  • May 10, 2009 10:20pm May 10, 2009 10:20pm
There is many trading systems in this forum, you can pick one the best for you.
  • #9
  • May 13, 2009 1:06am May 13, 2009 1:06am
Trading system/method u can try:

cobraforex's THV for M1-M30/H1
james16 for H4-Daily/Weekly



Quote
please be very explicit if you want to help me on how to set the parameters.
Thanks to evrybody for your support.

I would just like to emphasize that giving support is different from spoon-feeding. Make an effort to learn & success will soon come.
  • #10
  • May 13, 2009 4:45am May 13, 2009 4:45am
just go to trading system forum, you'll find a lot.
go to babypips.com to learn about forex starting from zero, you can download forex e-book on 4shared.com and entering forex as keyword.
there is no perfect trading system on forex market, the only way is learn yourself to increase your trading skill.
happy pippin..
  • #11
  • May 15, 2009 10:04pm May 15, 2009 10:04pm
I've been using a trading strategy called VSA, you can check it out on my thread in journals >ttp://www.forexfactory.com/showthread.php?t=167379&page=7
{Promotion Removed}
  • #12
  • May 15, 2009 11:56pm May 15, 2009 11:56pm
You could use Pivot Points and Trend Lines.
Use the Pivots as targets, to aim for, and trade only in the direction of the trend line until price reach a pivot point.

You could also Trend Trade using ADX, to filter out the good trades, increasing your chances of profiting. Only trade ADX if over 25. Once ADX has reached that level (which indicate a strong trend, i.e - everyone is jumping on the same side of the trade), trade only in the direction of the trend.
  • #13
  • May 16, 2009 2:48am May 16, 2009 2:48am
Quoting lascavel
....
PS: My primary system is base on Bill Williams Chaos, U can find all the indicators u need in MT4 there & so many resources in the WWW u can learn from...I am Stuck with this system...not easy to switch...12 years it has been
with me u know & my only source of income..
hi lascavel, which version of BW are you trading? Chaos according to first/second book (including AC and Gator) or version II of his latest book (no AC, MFI, Gator..) ?

Could it give you a NICE income?
Thanks

Forex37
  • #14
  • May 19, 2009 4:22am May 19, 2009 4:22am
Hello mate,

Are you new to forex? Well, all the info everyone is giving here is very true. I mean people talking about money management skills, buy low and sell high etc...

Now the truth is you will have to wait and demo quite alot, may be 1-2 years depending on how good you are catching up with things. Never, Never, Never start with a real money. I mean it, unless you want to give your money out for free.

Get familiar with one system and the most important thing is learning how to read the charts. Look at the chart and its all there!!!!. Systems are there to make life easier, but you have to know what the market is doing, otherwise you are gambling! Learn how to read the charts and more important Money management!.....Its not about systems, its about how good you are reading the market, and you are the best system a man can make!

All the best!
Time Is Money
  • #15
  • Last Post: May 19, 2009 6:05am May 19, 2009 6:05am
Quoting Enigma
Please good forum members, can somebody give me a good trading system on 5minutes, 30minutes or 1hr time frames with common indicators on MetaTrader 4.0. please be very explicit if you want to help me on how to set the parameters.
Thanks to evrybody for your support.
Enigma
ok first of all before you pick any of the systems on this forum or any other for that matter, you need to decide on the time frame you will be trading. What I mean by that is, how often can you look at the charts? If its like me, every couple of hours you should look at something like:

http://www.forexfactory.com/showthre...4630&page=1318

you my also want to look at my videos which will give you a quick insight into the trades the system permits you to enter:

http://www.youtube.com/user/sionsmith

Any questions get in touch!

Cheers WG
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