Chin-Star trending system | Page 11 | 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

  • #201
  • May 12, 2011 3:41am May 12, 2011 3:41am
Every thing line up -- go for about 50 pips
I add a few more indicators -- but dont realy need them both cloudbreakout and chinAB is good enought just wait for the trades in peak hrs you will be smiling for the rest of the day
Attached Image (click to enlarge)
Click to Enlarge Name: 15gj.gif Size: 18 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #202
  • May 12, 2011 5:08am May 12, 2011 5:08am
hello pash78 and thank you for sharing these awesome indicators with us.

I've been experimenting with them for 3 days now. The first day I entered into trades as soon as the EA gave a signal and as I was thinking that I came to the end of a successful day, my last trade would almost blew me up. The second day I waited for the bar close as you mentioned and aimed for 15-20 pips for each trade. It was okay for me as my daily target is 30 pips. Today is also a success up to now.

As far as I see these indicators determine the entry points very accurately. What I would like to ask you about is the exit points. Although you mentioned at the first post that we should partially get out of the trade at certain points, what strategy do you personally use? For example, today I aim for 30 pips. When the trade gets to +15 I pull my stop to BE and at +25 to +15. If it turns back I get my +15, if hits take profit +30. But when I look back in the charts I see 100+ pips movements. How should we act to get the most pips possible?

Thanx again and good luck...
  • #203
  • May 12, 2011 5:17am May 12, 2011 5:17am
Quoting WilteredFire
In the EA properties in your chart, in the first tab, check the box that says "Enable Live Trading"
Thanks a lot!
Thank you for all the people who help others!
  • #204
  • May 12, 2011 7:43am May 12, 2011 7:43am
Look like I missed a good Europe session
  • #205
  • May 12, 2011 8:20am May 12, 2011 8:20am
Looking at charts it seems we wont see any good signal in US session. There might be a re-entry signal, just enter with low risk.
  • #206
  • May 12, 2011 10:25am May 12, 2011 10:25am
Quoting isengoz
hello pash78 and thank you for sharing these awesome indicators with us.

I've been experimenting with them for 3 days now. The first day I entered into trades as soon as the EA gave a signal and as I was thinking that I came to the...

Hi,

As i said in my first post, this is trend following system, I dont aim for fix pips but look at nearest S/R or fib levels, close part lot at first level and set a mental stop loss, then go on closing part lots at next levels until I see weakness. I also see the volume indicator to judge my trades, although I am not very good at it but still learning to read it.
The SL with this indicator can be anywhere between 15-50 pips depending on the pair you trade , so any losing trade will eat up your profit if you have fix pip target. Hope this helps.
  • #207
  • May 12, 2011 10:54am May 12, 2011 10:54am
Quoting pash78
Hi,

As i said in my first post, this is trend following system, I dont aim for fix pips but look at nearest S/R or fib levels, close part lot at first level and set a mental...
thank you pash78, that was helpful. however, I think I'd better stick to my small daily target of 30-40 pips and try not to be too greedy for now. as the time passes, I believe I will read and interpret the setups better.
  • #208
  • May 12, 2011 12:35pm May 12, 2011 12:35pm
there is coming up a good ej trade, isnt it?
Poshcom
  • #209
  • May 12, 2011 12:41pm May 12, 2011 12:41pm
Quoting FelixFX
there is coming up a good ej trade, isnt it?
Off-peak time , proceed with caution , looks more like a retrace than an upmove for me.
  • #210
  • May 12, 2011 1:02pm May 12, 2011 1:02pm
oki so we just trade the london and beginning of us ?
Poshcom
  • #211
  • May 12, 2011 1:09pm May 12, 2011 1:09pm
Quoting FelixFX
oki so we just trade the london and beginning of us ?
Well signals in these session (london and beginning of us) are good and cause a big move. For rest of day signals are not that strong or even false. I trade with small lot during off-peak hours and wait for clear confirmation before entering the trade.
  • #212
  • May 12, 2011 2:03pm May 12, 2011 2:03pm
Quoting pash78
Off-peak time , proceed with caution , looks more like a retrace than an upmove for me.
So it was more of a retrace on EJ, indicator Chin-B prevented us to enter long for now. It will be interesting to see if the 115 level holds, else we might see a SELL in some time.
  • #213
  • May 12, 2011 7:59pm May 12, 2011 7:59pm
But off-peak time and friday, just proceed with caution.
  • #214
  • May 13, 2011 12:05am May 13, 2011 12:05am
Quoting pash78
But off-peak time and friday, just proceed with caution.
Short on Ej worked out good. Closed everything now, will be back in US session.
  • #215
  • May 13, 2011 12:44am May 13, 2011 12:44am
Quoting pash78
Short on Ej worked out good. Closed everything now, will be back in US session.
Yep every thing line
Attached Image (click to enlarge)
Click to Enlarge Name: 15ej.gif Size: 16 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #216
  • May 13, 2011 1:59am May 13, 2011 1:59am
Quoting zamanib
Yep every thing line
Hi Zamanib, I want to ask which template use. zb_cloud or zb_cloud41224?
  • #217
  • May 13, 2011 4:11am May 13, 2011 4:11am
This is a good conservative way to trade.

You need the two indis Chin-A and Chin-B in your indicator folder just as you have it right now.

This is a combo of the two indicators used here.

It draws both indis in one sub-window
Automatically decides if the limits are 15 or 1500
You can change periods on the fly to check for higher and lower timeframes. Just click on the period in the tool bar


Try it and see if aids you.

Cheers

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: chin a b combo v1.gif Size: 10 KB
Attached File(s)
File Type: ex4 Chin Combo v1.ex4   2 KB | 584 downloads
  • #218
  • May 13, 2011 7:13am May 13, 2011 7:13am
Nice... thank you



Quoting Pat1
This is a good conservative way to trade.

You need the two indis Chin-A and Chin-B in your indicator folder just as you have it right now.

This is a combo of the two indicators used here.

It draws both indis in one sub-window
Automatically decides if the limits are 15 or 1500
You can change periods on the fly to check for higher and lower timeframes. Just click on the period in the tool bar


Try it and see if aids you.

Cheers

Pat
  • #219
  • May 13, 2011 7:18am May 13, 2011 7:18am
yes, thank y pat, good job
Poshcom
  • #220
  • May 13, 2011 8:19am May 13, 2011 8:19am
Sell on EJ coming up.
0 traders viewing now