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Weekly Trend Trading Method

  • #341
  • Nov 19, 2009 2:05pm Nov 19, 2009 2:05pm
Hi,

the attached indicator is a standalone trendindicator based on the conservative signal. It does not include the 2MACrossover arrows which you have to add manually, or go without. Alerts and emails can be configured.

Fredella
Attached File(s)
File Type: ex4 weekly_trend_v1.2.ex4   9 KB | 429 downloads
  • #342
  • Nov 19, 2009 3:00pm Nov 19, 2009 3:00pm
Quoting Fredella
Hi,

the attached indicator is a standalone trendindicator based on the conservative signal. It does not include the 2MACrossover arrows which you have to add manually, or go without. Alerts and emails can be configured.

Fredella
Fredella, thanks for the indicator, but I still can't get the arrows to show up. When I checked the experts tab, it read that the file could not be opened. Thanks anyway.
  • #343
  • Nov 19, 2009 4:14pm Nov 19, 2009 4:14pm
Quoting lgtj
Fredella, thanks for the indicator, but I still can't get the arrows to show up. When I checked the experts tab, it read that the file could not be opened. Thanks anyway.
Hi, has anyone any suggestions for lgtj as I'm running out of ideas.
  • #344
  • Nov 19, 2009 8:07pm Nov 19, 2009 8:07pm
as I said earlier,I couldn't get arrows too but after I downloaded your indicators from this thread they showed up.
"All good things come to those who wait..."
  • #345
  • Nov 19, 2009 11:23pm Nov 19, 2009 11:23pm
Quoting Fredella
Hi, has anyone any suggestions for lgtj as I'm running out of ideas.
Try downloading another demo MT4 site, i have been using Interbank FX.

Works OK
  • #346
  • Nov 20, 2009 2:45pm Nov 20, 2009 2:45pm
For the past couple of weeks I've been doing some back and forward testing to make this method better, and I think that I've accomplished that goal. I'll post some charts and explanations shortly. The basic rules are still the same with some minor changes. Instead of using two slope indicators, I use one set at 20,3,0. Trades are taken on the daily charts. Use the weekly charts for confirmation of the trend.

Valid Buy Signal: 2ma cross up arrow, 20 slope indicator is blue, rsi 8 above the 50 line, and the macd bar is above and/or touching the signal line when below the 0 line. Or the macd bar is touching or above the signal line when above the 0 line. The macd bar must be green. All of these conditions don't have to be met on the same candle.

Valid Sell Signal: 2ma cross down arrow, 20 slope indicator is red, rsi 8 below the 50 line, the macd bar is below and/or touching the signal line when above the 0 line. Or the macd bar is touching or below the signal line when under the 0 line. The macd bar must be red. All of these conditions don't have to be met on the same candle.

Entry: High/Low of the signal candle. As usual, watch for s&r levels before taking an entry.

Exit: S&R level, 50sma, trend line, predetermined pip target. Your choice.

Stop Loss: Above/Below nearest s&r level, recent fractal high/low, etc.

First example: Gbpusd daily valid sell signal. Red arrow is the target.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 35 KB
  • #347
  • Edited 3:07pm Nov 20, 2009 2:51pm | Edited 3:07pm
Audusd daily valid sell signal. Red arrow is the target at the 50sma.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 36 KB


Gbpjpy daily valid sell signal. Red arrow is the target
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 34 KB
  • #348
  • Nov 20, 2009 2:58pm Nov 20, 2009 2:58pm
Audjpy daily, Chfjpy daily valid sell signals. Red arrows are the targets.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 32 KB


Look at this Nzdjpy daily chart. I would not recommend anyone to take this trade because the signal candle is too long, but the sell signal was good.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.gif Size: 34 KB
  • #349
  • Nov 20, 2009 3:02pm Nov 20, 2009 3:02pm
Here are four potential set ups for next week.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 34 KB
  • #350
  • Nov 20, 2009 8:19pm Nov 20, 2009 8:19pm
Hello! Very nice and detailed post's with lots of screen shots. Only probably I don't like about "Weekly" time frame is that trades come so infrequently that you try to continue studying in hindsight since LIVE trading signals don't keep you active. Which then you begin "adding" or "changing" your original strategy. Keep it as your first begin trading it or else you will lose where you originally started.

Good luck SIR. Keep at it!
  • #351
  • Nov 23, 2009 3:11pm Nov 23, 2009 3:11pm
Hi folks,

Thanks for the new updates lgtj, this system is still going well for me hope it is for you. been on holiday and just got back which is why i haven't posted lately, talk soon
  • #352
  • Nov 24, 2009 5:57am Nov 24, 2009 5:57am
Quoting lgtj
Here are four potential set ups for next week.
Attachment
Attachment
Attachment
Attachment
On 11/20/09, I posted the above potential set ups. Eurgbp and Gbpchf were the trades that I entered out of the four. Take a look at them now. Both trades are at break even. Wish me luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 34 KB
  • #353
  • Nov 25, 2009 1:40pm Nov 25, 2009 1:40pm
Quoting lgtj
On 11/20/09, I posted the above potential set ups. Eurgbp and Gbpchf were the trades that I entered out of the four. Take a look at them now. Both trades are at break even. Wish me luck.
Attachment
Attachment
Both targets were reached today. Oh happy day!
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 33 KB
  • #354
  • Nov 27, 2009 12:47pm Nov 27, 2009 12:47pm
Hi Guys,

Have just finished reading this thread and think I'm starting to grasp it... Would one of you mind posting what indicators you are using now so I can set them up on my charts... There are so many different ones in the indicator folder that if you don't mind listing the ones you are using now it would ensure that I get off on the right foot...By the way you don't need you to post the actual indicator just the names of the correct ones and I will get them from the folder myself... Thanks alot in advance and also thanks to lgtj for all your hard work, patience and good will towards us newbies.......

Blinkers...........
  • #355
  • Nov 27, 2009 2:08pm Nov 27, 2009 2:08pm
Quoting fxblinkers
Hi Guys,

Have just finished reading this thread and think I'm starting to grasp it... Would one of you mind posting what indicators you are using now so I can set them up on my charts... There are so many different ones in the indicator folder that if you don't mind listing the ones you are using now it would ensure that I get off on the right foot...By the way you don't need you to post the actual indicator just the names of the correct ones and I will get them from the folder myself... Thanks alot in advance and also thanks to lgtj for all your...
Hello blinkers and welcome to this thread. Here are the indicators that I'm using.
1) monthly pivot indicator Page 5 post 75
2) ma indicator and slope line indicator Page 1 post 2
3) 2ma cross indicator Page 19 post 271
4) colored macd Page 22 post 327
If you have any more questions or comments, please feel free to post.
  • #356
  • Nov 27, 2009 3:54pm Nov 27, 2009 3:54pm
Hello everyone. I just want to post some charts with the most recent valid signals to show you how powerful the improved method is. First, I'll post the usd pairs. All of the signals that I'm posting actually turned out better than I had expected.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 33 KB
  • #357
  • Nov 27, 2009 3:57pm Nov 27, 2009 3:57pm
Now the yen pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.gif Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 32 KB
  • #358
  • Nov 27, 2009 6:19pm Nov 27, 2009 6:19pm
I took most of these winners...amazing. It will take another week before I'll pinch myself to see if this is real.

I could have done better holding for more pips instead of closing at first pivot, or other support I saw. A couple stoploss settings were bigger than my tp. I'll need to work on my risk management too...and I will now that I feel how well it works.

It really works well for me so far. I like to set and forget. I like the fact that very few lines are manually drawn..just a weekly or daily trendline, or channel...no fibs are mentioned that I recall and I don't miss them since folks all draw them differently.

Thanks for a wonderful gift.

Steve
  • #359
  • Nov 27, 2009 6:23pm Nov 27, 2009 6:23pm
Quoting stevewide
I took most of these winners...amazing....
You're welcome and keep on making those pips.
  • #360
  • Edited 8:40am Nov 28, 2009 8:26am | Edited 8:40am
Was this a valid signal that went wrong? Or am I completely misunderstanding this system?

After looking at your picture of usdcad why do you have a blue arrow on the 26th but my chart doesn't?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 41 KB
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