FXkred's RH+ (positive) system

Hi for every forex fighter!

I was on holiday, and read a great book on the beach of Raghee Horner's Forex on Five Hours a Week: How to Make Money Trading on Your Own Time (Wiley Trading).
Well, I have liked it very much, and mirrors most of the thoughts I think about forex.

I have found lots of similar thoughts and ideas I am using, for example I prefer the 34 EMA, as she does, and some similarity on trade confirmation. To contribute to Raghee I named this system RH+, pronounced as RH positive as a blood type.

It is recommended to get the a leaflet in your pocket with this system, as if you get heart attack, the doctors must know what to cure

Here are the main elements of it with free indicators. They will be attached.

- 1 piece of 34 EMA on the close. Recommended XPMA as it is more spectacular. Flashiness and tawdriness is very important at a new system
- 2 pieces of Trend band channels
The first one's setting is 34, and 0.5
The second one's setting is 34, and 4.0

- 1 piece of BBMACD modified to my taste in the mouth.
- 1 Piece of 8 EMA

Required some MM (money management), sometimes fibo retracement lines, coolness, and discipline.

Attention!!! Very dangerous for the rookies, so use it only on your risk with real money!!!

any charts or more info FX?

Well, here you are the first, screenshot, soon preparing the template and indicator packs, until study this.

Here you are the RH+ blood pack, do not run with it to the EBAY, until you have read the book and wait for the basic entry , exit and money management rules.

If somebody do not know how to use a blood pack, please ask for your pharmacist, or doctors.

If they do not know, then copy the indicators to the Metatrader++experts++indicators folder, and the template file (rh+.tpl) copy to the Metatrader++templates folder.

And right before the German-Italian football mach, just remained a little time, so I give an example an entry and exit signals for those who hate footballs to spend their time to study it. Detailed explanation a bit later.

The example come from today's EURUSD charts, so maybe it looks familiar most of you

Ps: The first mistake occurred, I have inverted the XPMA colors, so green goes for downtrend, and red goes for uptrend. Sorry if I make you feel dizzy.

If you want to show XPMA Green for uptrend and Red for downtrend, open the RH+xpMA.mq4 file with Meta editor and make the changes as below:



//| XP Moving Average |
//| xpMA.mq4 |
//| Developed by Coders Guru |
//| http://www.xpworx.com |
//+------------------------------------------------------------------+

#property link "http://www.xpworx.com"


#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 Yellow

#property indicator_color2 Red <-------------
#property indicator_color3 Lime <-------------

Between two Balotelli goals, show you a GOLD M30 chart with RH+ signals.

Thanks for sharing your system. Will try it out.

Will give it a try......

Hi.

Can you please tell Where do you put the stop Loss?

And also does BBMacd Zero Level has any relation to the Entry?

Thanks!

There are some lucky, who are living the western part of USA, or Australia, happen to awaken at GMT 0 hour. (Or simply suffers insomnia to anywhere in the earth

They could take this trade.

Oh, yesss!

Unbelievable, but somebody sells a similar system with name of Magic Wave for 50$. Not bad price for free indicators That is more interesting that 27 people bought it!
Wow!
http://www.ebay.com/itm/FOREX-CURREN...ht_5275wt_1039

Or even some training videos :

Good opportunities on scalping with this system.
Using 1 minute tf, gives many opportunities.

Let us run through the main elements of the rh+ system.

1. 34 XPMA
This is the balance line. This is important area, every entry is near the balance line.
It is colored, when flat – near horizontal- then shows yellow, red and green colors alternateli.
Wait for being flat, as it means accoumulation or distribution market phase and soon will be imbalance which is mark up or mark down.

2. Signal trend band
It is a channel running arund the 34 EMA. It is statistically gives you a band where the price can exist during the balanced period. As the volatility grows, the price could break out.
As the 34 EMA this signal trend band can be function as a dinamic support/resistance area.

The best entry signal when the 8 EMA lays horizontally between the signal trend band barriers, and the 34 EMA is flat. So the momentum is dead, the balance exist between the buyers and sellers.

3. Target trend band.

This band could be the first target at scalping. Most of the case, the momentum become breathless when touch this statistical line. As in case many kind of channel, the price try to touch the opposite side of the channel, depends on momentum it will succeed or not.

4. BBMACD
This is a simple macd, which got married to the Bollinger Band. This covenant gives the traders many great opportunity to notice the increasing of the momentum or dieing the momentum.

Bollinger is the usual, when contracts, then bigger break out may come. Momentum is maintained until the dots are outside the bollinger band, when get inside them loss of momentum can be observed. When get to the opposite site of BB then the momentum died for the preious direction. Must be exit from the trade.
The BB lines functions as a dinamic support and resistance as well, which gives some oportunity for scalpers.
Do not forget about the traditional MACD properties.
If the dots goes from downside above the zero line, it is a long signal. (But not alone in this system).
Opposite is right, the dot goes from upside to below zero line, is is a short signal.

Another important signal when the dot crosses the yellow signal line between the bollinger band.



5. 8 EMA
It is a flag or a sign, where the price goes. As an average easier to follow , smoothing the price. The candles high and lows are sometimes suggests bad directions.
When the 8 EMA goes flat, then the price „take a rest” the fulfills is own way further.
The best entry signal when the 8 EMA lays horizontally between the signal trend band barriers, and the 34 EMA is flat.

Another great source to understand what the market cycles is, and how to indentify, and lazy to read the book, Raghee herself will explain in her great webinar:

Hello FXkred.
You could put the indicators and the template that you use.
Thanks

He already posted it

if you mean this in rh + pack.zip. in my metatrader 4 does not work the template.
Does it work in your mt4?

Yes it does! Otherwise congratulation to Spain for winning the UEFA EU championships