Forex Bible System

I have added 50 ema (yellow doted) and 200 sma (aqua doted) to consider trend for 15 min TF.

I am having moderate success with the system in backtestings, I have backtested since Jan. 2010. With only 1 pair with 5% risk on sl of 15 pips, some month I double my account, some month, I lose. One must not drawn to make a conclusion about the system with consecutive days of winning. The system is very versatile towards market condition. It will win on swingy days and lose on ranging days / news days. However, I am now more confident in the system after adding several filters: SMA 89, EMA 21.

I will post my rules and my backtest results within a few days.

The simple rules is that you must take long trades when price > EMA 21 > SMA 89. and vice versa for shorts. From my observations of 2 years of data, it seemed like that once you have gotten a golden finger indicating a signal with the trend, there is a cost for waiting for the MACD MAX or the flat trendline indicators to turn to the same direction as you will be too late in the swing to capture a profit. This is what I'm working on right now.

I agree with that we need some trend indicator like some slow MAs or I watch on higher TF (H1).
and also agree that signal is little too late... but if we want to make signal faster then it will be more falllout signals...

this is another trend recognition attempt, used buy zone and sell zone fibs with 100 Ema

vijay100 Can you sherr that indi.....? Thank you

here is sell zone & buy zone fibs

Hi,
Can someone re post sell/buy zones indicator.
Also,the luktomvisual EA.

They both open in adobe format.

Thank you,
Ariel

I found perfect solution for trend showing indicator.
This indicator is from another system and it fits wery well in bible system.
I think we will avoid much faill signals when market is trending.
When red we only take sell signals, when green only buy signals...

Thank you kuhanicevap.....
look harmonious ...... I will try tomorrow.....

Very nice, well done.

Gez.

Hi vijay100. Can you guide pls how your indicator "sell & buy zone fibs" is to use. Can you explain pls? Thanks.

Dear Friend fluence we are following Bible system,but in this system sometimes false signals appear, to avoid it it is better to follow signals according to selling or buying zone. we can sell if sell signal given below sell zone fib and vis versa.I hope you will get my point.

Hi,
Can you give us a screen shot to show clear point to bup/sell.

Thanks,
Ariel

1H TF

Thanks for your quick reply Vijay.
Where can I get the latest updated indicator for this system?

Ariel

well, we are all changing it and still testing...
I trade on M5 and using recently added this indicator post 628
Here are couple of today trades, all 4 winners...

Hi kuhanicevap,
How can I get my chart to look like yours.
What all indicators, templates, scripts do I need?
Also, is their an EA for the Bible system?

Thanks,
Ariel

Here is it... it is for 5digit broker, if you use 4digit just change setings in luktom visual order editor

We are trading manualy but you have EA on older posts HERE

Going to download them now and let you know how they work.
I'm currently using Hot Forex and Alpari US they are both ECN and 5 digit brokers.

Thank you,
Ariel

Is anyone using the GoldenFinger Ea.
I've loaded it on chart and get the smiley face and answered yes to ECN but no trades.
Do I need to make any other changes in the settings or add any indicators?

Thanks,
Ariel