Chin-Star trending system | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

12_100_9 Trending System 68 replies

Hedge Wedge Trending System 15 replies

Chin Break Out Alert Works !!! Are Buy/Sell Order Available ??? 6 replies

Chin MT4 Visual Trader with Lot Splitter 1 reply

Part Time Wealth Building System - "High-Low Trending" 9 replies

Attachments: Chin-Star trending system
Exit Attachments

Chin-Star trending system

  • #41
  • Apr 28, 2011 12:03pm Apr 28, 2011 12:03pm
Made small correction to my first post. Trade should be enter when indicator goes above or below the define level. Read first post.
  • #42
  • Apr 28, 2011 2:37pm Apr 28, 2011 2:37pm
No trades today, Just staying on sides. Did anyone check this indicator on other pairs? How are they working?
  • #43
  • Apr 28, 2011 2:58pm Apr 28, 2011 2:58pm
Hello,
your system is very interesting, but i get a critical error when i pull your indicaotrs to my chart.
Can u give us your mq4 files?

My IBFX Version 4 Build 229. IBFX hasn't a newer Version.

Sorry for my bad englisch.

When i have the new indicators, so can i test other pairs.
  • #44
  • Apr 28, 2011 3:17pm Apr 28, 2011 3:17pm
Quoting MasterBO
Hello,
your system is very interesting, but i get a critical error when i pull your indicaotrs to my chart.
Can u give us your mq4 files?

My IBFX Version 4 Build 229. IBFX hasn't a newer Version.

Sorry for my bad englisch.

When i have the new indicators, so can i test other pairs.
You need atleast MT4 Build 392 for this to work correctly.
  • #45
  • Apr 28, 2011 4:15pm Apr 28, 2011 4:15pm
The indicator has signal short on GJ, but guys its friday open in Asia, so I will not risk much. Just taking a small lot. lets see.
  • #46
  • Apr 29, 2011 9:03am Apr 29, 2011 9:03am
Quoting pash78
The indicator has signal short on GJ, but guys its friday open in Asia, so I will not risk much. Just taking a small lot. lets see.
Took some profit at 35 pips, left the remaining open.
  • #47
  • Apr 29, 2011 9:38am Apr 29, 2011 9:38am
Is this a right buy signal?
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 14 KB
  • #48
  • Apr 29, 2011 9:55am Apr 29, 2011 9:55am
Quoting tetis
Is this a right buy signal?
This is re-entry signal. But remember its friday, the momentum to push price higher is less. Enter with low risk (small lot).

The correct entry signal was 2 days back, when indicators went from negative to positive territory.
  • #49
  • Apr 29, 2011 9:58am Apr 29, 2011 9:58am
Quoting pash78
This is re-entry signal. But remember its friday, the momentum to push price higher is less. Enter with low risk (small lot).

The correct entry signal was 2 days back, when indicators went from negative to positive territory.
yes i knew that it is a re -entry signal ,i wanted to know that do you accept re - entry signals in normal market conditions?
  • #50
  • Apr 29, 2011 10:05am Apr 29, 2011 10:05am
Quoting tetis
yes i knew that it is a re -entry signal ,i wanted to know that do you accept re - entry signals in normal market conditions?
.

Yes under normal market its fine, also if you miss 1st entry on 15 min TF, u can re-enter in same direction on 5 min TF signal.
  • #51
  • Apr 29, 2011 10:08am Apr 29, 2011 10:08am
thank you
  • #52
  • Apr 30, 2011 5:57am Apr 30, 2011 5:57am
Quoting pash78
.

Yes under normal market its fine, also if you miss 1st entry on 15 min TF, u can re-enter in same direction on 5 min TF signal.
have you tried this on higher time frame like 1 hour or daily ?

do you think it would give better signals on these timeframes ?
  • #53
  • May 1, 2011 6:24am May 1, 2011 6:24am
Hi,
I only post here in this forum if I see an indicator that is worthy of writing about. Your indicators are really powerful. Thank you for sharing. Your indicators really compliments my system that I have been using for 5+ years now that make me profitable year after year. I was shocked with the results when I backtested your indies that were integrated with my system, indicating a remarkable almost a flawless results. The way I trade your indicator is:
I use the 30 min chart.
I trade it very conservatively >>at the swing (for EU, when touching +/-15
marks with confirmations), I place an order for only a profit of
10-15 pips and I am done...and wait for the next swing. Take note
that I place 5 to 10 lots at each order making it very profitable for
only small move of 10 pips ($1000 winner).
Confirmations mean that I don't place the order right away when I reaches
the +/-15 marks, but I wait 2 more candles...If the move is strong
I take it. If the move is weak I wait for rejection/continuation
indicated by HH/LL or MAs.
I always trade it manually.

TO ALL READERS, if you can create an alert when the line reaches the +/- 15 marks then also emailing the alert, that would be great!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 4.26.jpg Size: 54 KB
  • #54
  • May 1, 2011 1:38pm May 1, 2011 1:38pm
Quoting whatfx
have you tried this on higher time frame like 1 hour or daily ?

do you think it would give better signals on these timeframes ?
If you look closely most of the time first signal (not re-entry) on 15 min appears on the same candle of 1 hr TF. Yes you can take it on 1 hr TF to be more clear.

I haven't tried it on daily TF, may be you can test and post results. I would really like people testing it and posting results here.
  • #55
  • May 1, 2011 2:16pm May 1, 2011 2:16pm
How do u guys update MT to build 399. I thought the broker did that for you. Whenever the new build was released.
  • #56
  • May 1, 2011 9:26pm May 1, 2011 9:26pm
Hi,

Thanks for posting your strategy and chart with these indicators. What are those red lines on your chart ? And how do you use stop loss.

Yes if someone can create an alert for this indicator will be great, I currently don't have time for it.


Quoting forexforex
Hi,
I only post here in this forum if I see an indicator that is worthy of writing about....
  • #57
  • May 1, 2011 9:27pm May 1, 2011 9:27pm
Quoting ukcool
How do u guys update MT to build 399. I thought the broker did that for you. Whenever the new build was released.
Just download latest version from your broker, most probably they will have latest build. If not just download MT4 from other vendor and open demo account to test this indicator.
  • #58
  • May 2, 2011 10:20am May 2, 2011 10:20am
This is the EU trade for today. Please note the short signal earlier should have been avoided as most markets in Europe was closed.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-MAY02.jpg Size: 195 KB
  • #59
  • May 2, 2011 11:35am May 2, 2011 11:35am
Here is GJ trade for today. Again the long signal in Europe session should have been avoided as markets were closed. As for GJ there is good support in 135.20 area. Will be interesting to see if that level breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-May2.jpg Size: 269 KB
  • #60
  • May 2, 2011 12:47pm May 2, 2011 12:47pm
Hi Pasha78, can you implement an EA to test your indicator and share with us to test it? The indicators are good, they don't repaint and the strategy is good...
0 traders viewing now