Easy entry system: coloured candles

Kraven there is lots of people following the thread. Not everybody is involved in the thread because signals appear at various times and not everybody can watch the charts and wait because we all have jobs . The last 2 trades that we had I missed the chance again. Im a bit dissapointed, but what I wanna do is check different currencies maybe I will be catching some signals.

Thanks again Kraven ...

Oh by the way I wanted to discuss something here on this thread about this system. What if one day one of the indicators stop working or Mt4 will not be able to lunch it anymore or another weird reason that will not allow us to use one of the indicators and we won't be able to use this system anymore. So while we have chance I wanted to focus what this system is build on.

I understand we are trading by the trend only on 15TM checking the trend direction at a higher timeframe. I imagine this dotted line as an ema. Sometimes price touches it and then reverses back and thats when most of the time we have a sell or buy signal. Sometimes when this happens there is no sell or buy signal or arrow appears. I wanted to know why is that. What is exactly that tells it when to enter and when to not. Any ideas? Thank you...

hello kraven, I like this and learn much from you but no time to trade it til July so plz keep posting plz

Does anyone know if its possible to get these indicators to work with MT5?

Been busy in the last couple of weeks - took some trades over the last few days, but didn't really make the best of them:

AUDUSD - sell order for 5 pips
AUDCHF - buy order for -5 pips
AUDUSD - sell order for 15 pips
USDCAD - buy order for 12 pips

I'm finding this system easy to use, and like Pipmaker, I'd like to understand the principles behind the indicators used.

If anyone has any experience of Trade Management EAs that would be great! Been trying to use MPTM, and I think its more complicated than I actually need.

Any recommendations would be gratefully received, and some guidance on settings too...

Stick with it Kraven - I suspect there's a lot of lurkers using this but just not posting....

Regards
Ath

Where should I store all the indicators & template in post 1??

Hi Rastlin,

Assuming you have used default installation folders, you need to drop the Templates in here:

MetaTrader/experts/templates

And the Indicators in here:

MetaTrader/experts/indicators

The templates will then be available from either the drop down menu at the top, or from the 'right-click' context menu on each chart. The indicators will appear in the bottom left corner of the screen under 'custom indicators' for you to drag and drop onto the charts.

Regards
Ath

Thanx Athravan. So the template doesn't include the indicators? We needs to drag the indicators to the template?

If you load up the template it will pull the indicators into the chart for you.

If you want to bring extra indicators in (not needed for this system) then you can drag them from the list in the corner.

That was simply for future reference....

Regards
Ath

Nice to see some traders around. 2:45 signal on GU was a bit big for me, candle about 45, the move down was already 60pips. I waited to see if we had a smaller entry and support at 1.5450, we seemed to so i entered entered at .54280 sl 28 and bailed at .54000 for +28 i bailed too early (it went 70pips) but i figured the move had already ran. On EU my entry went +20, i went to BE then, should have took it but got stopped for 0.

Hi Kraven thank you so much for this system.Would you mind posting your GU chart as I would like to check your entry from this morning.Made a mistake last night on the AUS and EU I entered and then realised I was against the 4 hr trend they both went for 30 pips I guess I got lucky.


Thankyou

here a pic of todays entry on GU. another successful day.

Thanks Kraven now I understand what you did.Can anyone tell me how those alerts are coded I am trying to work it out as I am a new newbie it is beyond me.It would be nice to get one coded for the parameters of this system would it not ?????? Thanks James

Updating at work, so no pictures - let me know if you want me to post them when I get home again.

Last night:
NZDUSD - Sell order -10 pips
AUDUSD - Sell order +25 pips

Before work this morning:
EURGBP - Buy order +10 pips
NZDUSD - Sell order - still open but partially closed 2 out of 3 steps to TP

As of last night I've started using CL_M_02 Complete Trade Manager v2 from http://www.forexfactory.com/showthread.php?t=352163

Really simple to setup, and I can now walk away from the trades and let them run their course.

Regards
Ath

And NZDUSD just closed 3 out of 3 for +14 pips...

The Trade Management tool I'm using allows you to set SL and TP based on multiples of the ATR (you can tell it the ATR period you want to use).

While I'm experimenting with it, I'm being conservative with the multiples, but the intention is go long for where the price may run, and then set partial close levels for really safe pips...

Regards
Ath

Missed both trades today. GU would have been 32pip SL trade but went over +100, EU was 39 sl, max TP 38. don't think i've seen a bad day in eight weeks with this system.

I too missed GU and EU thanks to work - and it was dead today because of the upcoming bank holidays here in the UK.

Its amazing how just when you think you've nailed something - the market bites you and you learn something else!

Got a sell signal on AUDJPY at 17:30 and took it. Got stopped out as it reversed - stupidly I'd ignored the fact that the ADR low was so close, and it bounced almost exactly off the line:

At the same time got a sell signal on AUDUSD and took that too. Again - the ADR low was close - it didn't reach it, but still reversed fairly quickly to hit my SL:

Maybe it's because it's Friday afternoon/evening - is this a bad time to trade?

Regards
Ath

Thanks Kraven
its excellent system.i have a very good experiences with it in different pairs.
regards
Fred

Hi, Do you all get those audible alerts which comes up in an alert box giving you signals to go long or short as it is a bit perplexing for me.I will get an alert and go and have a look to see if it is viable or not and mostly it is not as it it at times goes against the longer trend.What parameters is it based on or is it something that should be ignored.If it was coded to the parameters of this systems setup it might be possible not to miss those trades that people are speaking of.Anyone who can enlighten me ?????? Thanks James

ultratrend has an alarm function. so if a candle changes colour you get an alarm. this doesn't mean you have a 'full set' of signals. but it's a good heads up to check.

Athravan i only use this on GU and EU...EU being my fav. and yes take note of ADR, still enter but maybe be quicker to exit if bet goes against you.

Kraven
Do you use any indicator to find SR levels?If so can you please share it with us?
Thanks
Fred