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Another simple system

  • #461
  • Jul 2, 2010 6:36am Jul 2, 2010 6:36am
Bears/Bulls, you might want to start thinking as Smart money/Dumb money, you need to understand a bit more on what the candle is telling you...long tails and such. Bulls/Bears will only give you an idea of who is in charge at that particular level.

Check out the VSA thread...will work nicely with this.

Brad.
  • #462
  • Jul 2, 2010 9:46am Jul 2, 2010 9:46am
Great, many thanks. Looks like that's it

^ Chris ^


Quoting gspe
Hi,
try this and let me know if works

gspe
  • #463
  • Jul 2, 2010 11:47pm Jul 2, 2010 11:47pm
hi ES trader
thank you for your great system and sharing with us.
earlier here i have asked you a question regarding bulls and bears file in your #1 post in this thread.
But i did not get any respond so far.as i asked earlier,should i replace the standard bulls and bears ex4 files already coming with MT4 with yours in post #1?

if anybody else know the answer,please let me know.
thank you
  • #464
  • Jul 3, 2010 12:08am Jul 3, 2010 12:08am
I as a new member to forex and specially to this thread kind of confused with all the indicators i have read and seen on these 31 pages of this thread.
Can ES trader please attach the latest and updated all the indicators we need for this system in one post.So for the new members would be much easier to get all required indictors in one post.
thank you
fred
  • #465
  • Jul 3, 2010 1:07am Jul 3, 2010 1:07am
Quoting fredgold3434
I as a new member to forex and specially to this thread kind of confused with all the indicators i have read and seen on these 31 pages of this thread.
Can ES trader please attach the latest and updated all the indicators we need for this system in one post.So for the new members would be much easier to get all required indictors in one post.
thank you
fred
i would appreciate that to as i am new aswell!
regards
  • #466
  • Jul 3, 2010 3:58am Jul 3, 2010 3:58am
Quoting fredgold3434
hi ES trader
thank you for your great system and sharing with us.
earlier here i have asked you a question regarding bulls and bears file in your #1 post in this thread.
But i did not get any respond so far.as i asked earlier,should i replace the standard bulls and bears ex4 files already coming with MT4 with yours in post #1?

if anybody else know the answer,please let me know.
thank you
Hi,
no you don't need to change the file that come with MT4

gspe
  • #467
  • Jul 3, 2010 1:16pm Jul 3, 2010 1:16pm
Quoting gspe
Hi,
no you don't need to change the file that come with MT4

gspe
thank you alot
fred
  • #468
  • Jul 5, 2010 4:35am Jul 5, 2010 4:35am
I am also a newbie to this forum and am confused to which indicators I should be using and on what timeframes. Can anyone clarify the indicators to be used which version and which timeframe, this would be greatly appreciated.
  • #469
  • Jul 31, 2010 8:06am Jul 31, 2010 8:06am
ES
it seams the thread has died
are you trading this live still if so what have been your results
i agree that an ea would be great for this . . .part of the reason i have not traded it is the 4hr tf. I'm not in one place that long
  • #470
  • Aug 3, 2010 5:59am Aug 3, 2010 5:59am
Quoting ES Trader
I have been working on another simple system, using just basically 2 indicators. Before I go any further, I found these indicators in Forex Factory(one of the best FX Forum) and credit completely goes to the person who creaed these indicators.

I am also looking someone here to help create an EA for this system.

Now for the system itself:

Open a chart of any currency pair (preferably GBPUSD since I seem to have had very good success with this pair), either 1hr or 4 hr chart.

Then put following Indicators. I have also attached the template....
iam new.

how do i add the indicators to my igindex (u.k.) broker platform, and get the indicators to function / work properly ?
  • #471
  • Aug 13, 2010 5:04am Aug 13, 2010 5:04am
Open your program folder, open your broker folder, open experts folder, copy the indis into indicators folder.
Restart MT4.
  • #472
  • Apr 6, 2011 4:47pm Apr 6, 2011 4:47pm
very interesting
  • #473
  • May 4, 2011 7:33pm May 4, 2011 7:33pm
I have started trading this system somewhat differently than before.
Just take a look and offer some comments.
Seem to work quite good on 1 hr chart but I am having problem trading the system without an EA. Trades seem to come often in Asian and european session .
The New Rules are:

Sell when Bear bar (RED BAR) turns positive( goes from - number to + number).But sell on a stop at the low of the bar( deduct spread)

Buy when Bull Bar( Green bar) turns negative( from + number to - number)
Buy on BUYSTOP at the high of the bar( plus spread)
Attached Image (click to enlarge)
Click to Enlarge Name: bullbear`1.gif Size: 36 KB
  • #474
  • May 4, 2011 7:36pm May 4, 2011 7:36pm
Use any MM to exit the trade. If the order does not get filled wait for the next signal.Some times may have to average down or up.
  • #475
  • May 4, 2011 11:29pm May 4, 2011 11:29pm
ES Trader, it sounds very interesting.

Could you please provide the template?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #476
  • Oct 30, 2011 2:23pm Oct 30, 2011 2:23pm
Hello, this is my first post on ff, and it is this bull/bear method, on which i ' worked a lot (thank you ES trader, for sharing). If my language seem you bizarre, it is because they are translated from French, my native language.

I try to affinner the entry point of the trade in this way: a purchase, for example, requires that:

the bull is above level 0.002, which means that the signal is passed quite strongly , but also as at the same time,.
the bear at maximum to-0.002, or in positf, which means that the 'volume' of sale is weak.( see example below)

Here, I compare a bit with the Delta (+ or_) employee on some platform, and it allows to filter a lot of false signals. I works in 1 or 5 minutes, found on the dax, ftse or, but it also works on the forex.For the management of the trade, I try to stop loss a 15 pip's, break even very fast, and I out fairly quickly if the trend will reverse. With this method, if you follow the trend a few hours, it as many signals, should be to l ' shelter of losses, and are often found beautiful trade in 15 or 30 pip's with a very tight stop.

That all, ' wait your possible comments. Kind regards from belgium.
Attached Image (click to enlarge)
Click to Enlarge Name: bull bear delta.jpg Size: 163 KB
  • #477
  • Dec 28, 2011 8:35pm Dec 28, 2011 8:35pm
Hello ES Trader. Thanks for sharing this K.I.S.S system

I've found your thread this couple of days and been following both your system .The Bear Bull and CCFp systems. Just tried out in demo account last night. I simply follow the SIMPLE RULEs that you gave. I am supprised both system do make alot of pips ( +- 300 pips). WOW..this is really cool..

But I just dont like the idea to add so many indicators for confirmation purpose. This can confuse us to make decission. We all know that the market can go against us any moment. Just use SL to protect our account. Buy the way, I use 4H at the moment. Will try using 1H later.

I really like the K.I.S.S system. Keep it up...

TQ
  • #478
  • Dec 28, 2011 9:26pm Dec 28, 2011 9:26pm
Quoting ES Trader
I have started trading this system somewhat differently than before.
Just take a look and offer some comments.
Seem to work quite good on 1 hr chart but I am having problem trading the system without an EA. Trades seem to come often in Asian and european session .
The New Rules are:

Sell when Bear bar (RED BAR) turns positive( goes from - number to + number).But sell on a stop at the low of the bar( deduct spread)

Buy when Bull Bar( Green bar) turns negative( from + number to - number)
Buy on BUYSTOP at the high of the bar( plus spread)...
Hello ES Trader..

This is interesting..Care to share the Template ?
  • #479
  • Dec 28, 2011 10:59pm Dec 28, 2011 10:59pm
Check out post #5 for template
  • #480
  • Jan 15, 2014 2:35am Jan 15, 2014 2:35am
Quoting ES Trader
I have been working on another simple system, using just basically 2 indicators. Before I go any further, I found these indicators in Forex Factory(one of the best FX Forum) and credit completely goes to the person who created these indicators. I am also looking someone here to help create an EA for this system. Now for the system itself: Open a chart of any currency pair (preferably GBPUSD since I seem to have had very good success with this pair), either 1hr or 4 hr chart. Then put following Indicators. I have also attached the template. {file}...

Hi ES Trader,
Are you still trading with this strategy yet or added some new strategy in the meantime.
Thanks for informing. I am from +6 hours (gmt time zone).
Regards
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