Murrey Math Daily System

This here is what murrey levels do over time.
Its a random timespan of the 15 minute chart.
I am looking to automate a murrey strategy.
If you have any advice let me know

Just came across this thread. Look quite interesting. Would want to read thru it completely over the weekend and then try the indi. I'll definitely report back here

Can you share that Indicator? Thanks!

Does anyone know of a way to manually back test the Murrey Math Indicator in MT4? Since it's based on the current market action, is there a way to set it to focus on the past? Thanks.

is this thread still active, not much action lately? anyone have any trade actual performance, if so please post copy of results with indis used..will this work with 5 digit broker??
MoStAsHar15 thread for 4hr on hold for 5 digit broker trading, some are making money, others losing!!!

Hi hope it's still alive as I started with this system yesterday

I took the following trades last night (all with 1 lot as I do not understand yet the criteria to increase the lots):

GBPCAD: Close already with 100 pips.
GBPJPY: Close already with 32 pips.
GBPCHF: Already in a "free trade".

I did not take GBPAUD and GBPUSD as both were below MM -1/8.

Let's try to keep this thread alive.

Lets keep it going...my take on this.

Check out my posts here:
http://www.forexfactory.com/showthre...59471&page=144

H4 price break -1/8
H1 price break -1/8
M15 price break -1/8 buy!!!

Ha! Found you...

hahahha ...gotcha!

Hi mates.
Like this method! I am trying to use it on H1 with H4 MM lines. I found this setting working well some time ago.

First trade with this strategy +44pips but will see after some 20 trades how I can handle this system.
See ya soon.
P.

Working on demo before going live

trades:
short aud/usd @1.0035 [email protected] shooting for TP 0.9889 (1/8mml)

short eur/bgp @0.8507 [email protected] TP .8427 (5/8mml)

both trades are 1 lot and are at +$400 right now!

eur/chf sell...

closed eur/gbp for +80
added to aud/usd position at .9985, nearing target of .9889 (1/8mml)

short gbp/usd @1.5445 targeting 50 pips to 2/8mml
short eur/chf @1.2544 targeting 75 pips to 3/8mml

Great system Mer, I love Murray Math and PA personally. Have you been trading this system recently?

Happy Trading!

I'm actually referring to the gentleman who started this thread. My system is a little different though. All Murrey lines are not created equal. I like to use price action patterns to kind of filter my trades. That said, it's an awesome system.

Trading the system, watching 14-16 pairs only trading those that are 7 pips or under, 100+ pips for overall avg range and prev. 5 day range. I take trades @ 11 pm GMT using Alpari uk. Some good trades recently, will be interesting to see how this system does, cheers.
AT

but I do trade with MML's. I can show you 100 trades where this system worked and 100 trades where it failed. Just trading a break of a MML is not actually wise in my opinion. I always felt that using a price action filter and possibly some sort of volume indicator would come in handy, and it does. Look at this usd/cad example from last week. The circled candle is a pin bar. It's not a great pin but let's talk about what made this trade some great aside from the pin bar. Look at where it forms. We should all know that the 6/8 line is a strong support/ resistance level. On the lower level of my chart is an indicator knows as MFI by Bill Williams. It measures volume and a willingness of the market to move. You can research it for more detail. What I will say is that a brown mfi indicates that the current trend (which was up in this case) is losing steam and that a reversal should be forthcoming. For added confirmation, just look at the top bollinger band as another level of resistance. I traded this like I trade all pin bars with my entry being 10 pips below that circled candle and my stop loss being 10 pips above the high of the circled candle. I used the lower band as my exit but I closed half the position at the 4/8 line for 77 pips. i exited the entire position at the 2/8 line for a total of 99 pips. Just my 2 cents though.

Not the same indicator, but I've done predominantly the same thing

Microsuck, could you please upload exactly this indie.. this seems to be very clear on the chart without cluttering up too much...
Thanks a lot.

Regards,
SSL