My Berkah_TS

I am nubie in forex, but I try to make trading system for my self but until now I still a losser trader. Please advised me about this trading system. All indikator and idea I adopted from another Trading system in this websites forexfactory.com.


My Trading Plan, I only take trade if :

1. Buy if Price above Yellow pivot line.

2. Sell if Price Below Yellow pivot line.

3. Buy if indicator TDI Green Above zero line AMAopt Slope.

4. Sell if indicator TDI Green Below zero line AMAopt Slope.

In my mind, I will trade like Charts below :


So please advised me about this trading system. Please don't make complain about all indicator. All indicator is not my mine as I said before. Thanks.

Indicator and Tempalate :

uaw,u have christmas tree on that,look,pay attention on pa,tdi,supply demand,nothing else,if u like a little more confirmation put a ma crossing.but it is it.
trade is much simpler,look the trend ,follow,then act,don't worried id retraces,u are in the right direction!!!

hello sir


be carefull... this indicator repaint...

Dear brandy711.

thanks for your comment, I like it . how do you thing as charts above for ma crossing I use Alligator with a little modification setting.

Dear aurasuccess,

Thanks

Sometimes I confuse where good point to put buy pending order in point 1 or point 2. Please advise me.

Beautiful colours,you will definitely stay a "looser trader" if you persist with these ridiculous indicator based systems.Try studying "price action" over at "J16" in the commercial section and you may have a chance at success.

Thanks edge540

Too many indicators and your system become complicated. Better reduce some and maintain trend indicator only and follow advise from other traders here make it simple for you to easy to follow and avoid confuse.

Dear onetarmizi

I still thinking what indikator want to remove.
thanks for advised me.

I had reduce indicator, please advised me.
But for high impact news I need fractal to make good pending order above and below arrow the fractal.

jumlah indikatornya banyak bgt. bt ak pusing

Dear Batavia Trade,
.
Senang Sekali ketemu Rekan sebangsa se Tanah Air Indonesia di forum ini, Thanks for your comment Sir.

indicator Semafor Alert only to show swing high dan swing low and don't follow to make OP.
inicator MA 200 only to show what is price doing Versus the trend, example follow the trend or counter the trend or make new trend.
But I hope try to learn hard about price action to make good OP.
I had to try learn in this site too,http://www.forexfactory.com/showthread.php?t=452780
and one more every morning I think is better for nubie like me to read first "FX Charts Daily Report" in http://www.fxcharts.com.au/

So sorry if my English not good.

I have to try explain Berkah Trading System by follow charts above.

I hope useful.

Please advised me.

If any body want to use fibo like chart above, please drag indicator Berkah_7.ex4 to your charts.
I don't remember , I have post or not that indicator. If no please download below




and please setting indicator Fibo in your MT4 as figure below



I hope useful

Please advised me.

There's nothing wrong with some (minimal) indicators to provide you with a trend definition to give your buy above sell below bias. Apart from your trend definition try taking everything else off. Expand your charts just a little to see the candles better. Then have a look at the areas where you said your 'indi's' will tell you to trade. Try and see what the successful moves have in common e.g. looking for retraces and resumption into trend i.e. sell rallies in down trend buy dips in uptrend, what do candles look like when resuming trend, do you have a lower high lower low flow down or higher high higher low flow up, what does your higher time frames tell you?

Unless you are very, very lucky the chances of a pure indi based system working for you (or any other newbie) without any understanding of higher time frame trend, support and resistance levels, time of day, price action etc etc is low.

Many years ago when I asked Islander what he attributed his success to he said 10,000 of hours chart time. Unfortunately for most that's what it takes. Hours of analysis of what the heck is going on here and why. It takes years to finally click onto the fact that reliance on indi's is not going to help you (or unlikely to especially if you charts are loaded with them).

Before you continue down this road start looking at your D charts:

- What do good trend moves have in common? What do they look like? How long do they last?
- What happens at proven support/resistance levels i.e. levels where price has turned previously?

Once you have a clear idea of what your D chart trend definition is then you can start drilling down to your trade entry time frame to try and understand what good trades should look like. Even then use minimal indi's, the understanding of why your are entering a trade will put you light years ahead of the I'm entering because an indi said so brigade.

Good luck with your journey.

You have alligator, yellow line (whatever that is) and a 200 ema. Pick one, what the heck pick the yellow line as a trend definition. Having picked it understand what its telling you. Take the fibo off for now also. Ditch the fractals also.

One of the simplest and most effective moments of clarity that improved my trading massively was the realisation that on a D chart most turns take 3 - 7 days to play out. 3 - 7 day turns that cause price to cross this tight 8lwma most often will follow through. By that definition then 1 day CT candles get treated with suspicion. But morning/evening star patterns, D higher lows/lower highs, engulfing closes work.

You could also use above/below RSI 50 level as a trend definition. Although that will often give signals 1 candle later than the above simple definition (3 - 7 day patterns that cause a cross of 8lwma).

You might also get entries quicker at proven support/resistance levels as identified on this chart. But what the heck once solidly in trend in terms of your definition the odd no trade day becomes meaningless.

Once your D trend definition is in place then look at lower time frame to see what successful entries look like. Base your system around that. Don't worry for a second about the supposedly good trades that get missed. Because you will definitely forget about the losing trades that are saved. Focus on the number of successful trades a solid trend method will give you.

Also get very clear what losing trades look like but they have to be in the minority (because you're trading trend not trading everything and hoping). If you are losing trading trend then you have to seriously look at whats wrong. Then it will come down to most likely over trading (outside the key Asian, London open, US open time slots), incorrect stops for the time frame and pair traded, chasing a run entering too late, entering into proven support/resistance levels. etc etc

If the move is really high impact you probably won't get filled at your chosen price. Your entry may/will jump and be much higher than your desired level and that's putting you into dangerous territory requiring a stop much larger than you'd like. Not a good idea.

Once your D trend definition is in place and you are starting to get entries before high impact news events accept that often news will continue the trend. If the news causes the change of trend and you miss out that's also fine. A genuine D change of trend will last for days/weeks with numerous chances to enter low risk trend following trades.

Dear Vantage

Thank you very much for your advised me ,I like your style to advised me, I am so appreciate your comment. Sorry if I am late reply your post because I spend my time until night to thinking hard what you are comment in this thread. I hope you can explain me more how see D trend.

How do you think if I reduce indikator like this chart below

Thanks very much.

OK I'll give you some of my thoughts.

First I forgot, I'd ditch the semafor it repaints so I don't know if what its showing now would have been what it showed live at the time. You cannot back test it so its of no use.

Make you candles bigger, on the date bar at the bottom of your chart, left click and hold down then drag to the right.

Have a look at http://www.vantagefx.blogspot.com/2012/11/question.html http://www.vantagefx.blogspot.com/20...ulti-time.html and http://www.vantagefx.blogspot.com/20...of-method.html they will give you further background.

More coming.