Easy trend system/indicator

New update!

I'm sharing with you guys a secret indicator. One of the best. I did not create this indicator. It is an actual non-repainting indicator. I will be using this new indicator to replace the arrows. The arrows have treated me well but there are some repainting issues that could cause trouble for some of you down the road.

I have new pictures for you. The only valid signals are the ones that are labeled. All the others ignore.


I will still be putting in 2 positions on each valid signal.

1. trailing stop of 40 pips on GBPUSD and 30 pips on EURUSD.

2. I will exit on the second position when I get an opposite signal on the 5 minute chart as shown in the pic.


I hope this helps with some of the repainting. Let me know if you guys find any good tweaks to this system. Thanks.

I hope you guys enjoy the indicator. It can be useful with hundreads of forex strategies. Scalping being one of them....






The system.
I've been working on this system for quit some time now. I've found a way to make it profitable and minimize losing trades. I'm sure I will keep modifying it to maximize it's profitability as long as this threads alive. I would like your opinion or thoughts on making this system shine even more. Let me know what you think.

Trading Rules.
Open a 1 hour chart and attach the indicator.
Mark the last scene arrow with a vertical line.
Now go down to the 5 minute chart and you'll see your vertical line marked. Let's say the the vertical line on the 1 hour was marking a green arrow.

Now since you're on the 5 minute chart, only trade the first green buy signal arrow. You will get an alert signal when it appears
When you get a signal on the 5 minute chart enter your trade in the direction of the trend which is indicated with the signal on the 1 hour chart.

Exit rules.
After your trade is entered on the 5 minute chart wait for an exit signal in the opposite direction for one of the 2 positions you took. see pic below.
For the second position put a trailing stop of 30 pips for EURUSD and a trailing stop of 40 pips for the GBPUSD. Exit if you see a trend change or alert on the 1 hour chart. Alert dot/signal on the 1 hour will be your stop loss...

No stop loss on both trades. Only close your positions if there is a trend change on the 1 hour chart. Trend change is your SL. You can experiment with a SL if you'd like but it's it's not recommended.

Thanks for reading this post and I hope to help those struggling with there forex trading by using this system.


Happy trading.

Ryan

This is a trade I took a couple of hours ago. Still looking good. I was a little late on entry.


Note.

The arrows do have a slight repaint. The higher the time frame the better. System works great even if there is some repainting. It's doesn't happen often but it can.

I am sorry if this disappoints some of you traders out there. Since using and modifying the system I haven't noticed much repainting till just 15 minutes ago.

Never the less. I still feel that you can profit from this system. Only you can be the judge of that so give it a shot.

Any suggestions welcome.

you didn't get a 5 min entry sig. you got a five min entry sig before you had the 1 hr sig so that signal would not be valid. by your rules, you should be waiting for a 5 min sig right now

Edit: got a sig 10 min ago see pic below

Some times the arrow apears at open of the next candle. This is what happened on my entry. so it was valid.

I'm still having success using this system. I don't know if anybody else is. I made 65 pips yesterday alone but that was after losing 17 pips just before getting in on a trend that was finishing. Overall positive day yesterday.

Here's my latest trade today.





The second picture was my trade yesterday. Gave me 65 pips.

Nobody seems to be interested in this thread so this will be my last post for a while.

Just a quick update on my trade I took this morning. Here is the after screen shot.

I set a 100 pip TP on this trade because I had to be somewhere else for a few hours. I usually will put a 100 pip TP on my trades and many times they are hit using this system





Best time to enter trades are when you first get a signal on the 1 hour then fallowed by the first or second signal on the 5 minute chart. On This trade I took the second signal which was really just as good as the first as you can see in the attached pic.

This week I did 200 pips using this strategy. I don't know if that's good to some peoples standards but for me it's a successful week.


Repainting issue.....
I know that all traders hate repainting just as I do. So I felt I should address this issue one more time within this strategy. There is slight repainting with this indicator. If I've had any repainting it has been on the 5 minute chart and it's affected my strategy to a minimum. So far It has not affected my success from using this indicator and strategy. Try the strategy for your self to see if it's acceptable for your standards.


Again, This will be my last post for a while because no body has really shown interest in this thread. I don't want to annoy people posting stats and pictures when there's no interest in such a strategy. So this may be my last post because I think this thread may be in fact dead.

Anyway, let me know if they're questions with using the strategy. Hope all is well with you and Happy Holidays!

If you want members reply you, you should upload some examples in real-time.

Upload a chart right after you entered a trade and not after you closed it or after you are in a big profit.

This way, you will get more credibility.

But when you post ex4 file which repaints and show only a few charts much later after you're in profit already, you get suspicious minds.

Here is a chart with the emas and your Indy. This has been done already, see Teb63 thread, I think he uses 30m and also RSI.


cheers

Thanks for the heads up.

I feel I've done ok with this so far but I could always do better. I did put a pic down from this morning of the actual trade I took. The picture was taken 5 minutes after I entered. If you look at it closely you do see that 100 pips was made in the after shot. I know this is not enough proof for many of you so I may try to bring even more next week when I trade if you guys like....

Yes, I know teb63 post. I actually have used it with some success. I have much respect for Teb and his trading methods. I should have posted this strategy on his thread but I didn't want to clutter it.

I see your point here though. Nothing new is really added here. Maybe just more of a convenience with the alert and all so you don't have to stare at the charts all day waiting to enter or exit.

Today it's Friday...So Don't give up yourself my friend!. We need TIME in order that more friends could see the results. In my opinion it is too early to say that nobody has interest. Give us an opportunity the next week buddy. It looks promising, but give us more time to test in our accounts.

Thanks for sharing!!

Have a good weekend!!

Cubby,
Keep the examples coming. December is a non-trading or light trading month for many, keep that in mind. Also, you might want to contrast your system from Teb63's system, explain how its different, better, etc.

Good luck!

Hi Cubby,

I for one am very interested in this thread. Thanks for sharing with us!

I just happened on your strategy as the markets were closing for the week so I haven't had the opportunity to trade it, yet.

How are you placing your stop loss?

Bob in Wisconsin

Keep your head up my friend. Your thread is interesting and I think that people will get around to checking it out. Since it's so close to the holiday many people stop trading (I'm not one of them).

The system is simple and that's always a good thing. I am going to give it a look when the market opens up again next week.

I'm sure your thread will increase in activity very soon.

I like simplicity and this system has it. It also works well on 5/30; 1/15min TFs. Maybe its simplicity is why there are limited posts to this thread...

i loaded the indi on EU. I see the arrows but not the vertical lines. i dont see it on H1, M5. but i can see the arrows.

Hi roundrock,

You have to input the vertical lines manually on the H1 chart, and then drill down to the M5 chart for entries.

Hope that helps,
Bob

Hmm I trade only daily timeframes and sometimes 4H, I guess I should put my indi on the monthly(lol! that's long) and narrow down onto my trading time frames. Will keep track of it and see how much it repaints and whether it helps to prune out bad trades and improve my current trading style. Cheers! Keep it up!

hmm, i thought the indi will do it automtically. anyway thanks for the info. i will do it manually

for longer TF, you may have to change the EMA parameters... i dont know if it works at all