Trade the price action along with the trend

HAI TO ALL AGAIN.......

Few in FF know me, Huge do not Know me....., OK No problem.... we will know each other along the journey...Actually this system was created for renko trading, as renko lacks some information, so i switched to normal charts and optimized it slightly but the basic principal is behind the renko. because I am MAD at renko.... I do not claim this as a holly grail. or it spoon feed -ed to you. the basic is Price action. we will use our best friend Trend as our guide to make journey in the way of Price Action.

i have a created a M_T_F Trend and Entry Signals monitoring indicator.


------- this indicator consist of three parts......
1] entry signals monitor--- it will show the entry signal at 18 currency pairs at 6 time frames
2] trend strength monitor- it will show the trend strength of 18 currency pairs at 6 time frames.
3] explanation- explanation of words in the monitor.

Signal_entry Indicator
this indicator will be in the form of histo gram. when ever the histo appears in green buy signal is formed, when ever the histo appear in red sell signal is formed.

My Multi_Time-frame indicator will use other two indicator which is named as T_S_A, and E_S_A. thse two are like brain and heart for the multi time frame indi, without these, Multi time frame indicator will not work.

I also provided with two template files. one is for MTF and one is for the individual pairs.

how to install.....
1] copy the indis in the correct folder of your mt4 file----open data folder----mql4----indicators
2] copy the templates file in the correct folder of your mt4-----open data folder----templates.

How to get start.

after copying all the files please restart your mt4...
------now just open any chart and load the template--MTF_T.S_ANALYSE
now your pc will hang for 1 min, because mt4 has to load the brain and heart of the MTF to all 18 currency pairs and 6 time frames each... so while loading dont scold me from your heart(what this mad has made my pc to hang). after one minute the mt4 will run and you will see the signals running and the trend strength wil be running.
----- now if your decided pair is got signal please open the chart of your pair and load the Indidual_Signals--- and you are ready to go......

Please mind.....
this is my first version of M_T_F...... it has more than 4000 lines of codes.... so there will be bugs if you see a buy or sell signal in the MTF for a pair and when you open the pair chart and load the individual template if you saw a histogram corresponding to MTF signal, then the signal will be true. but if you do not see the Histo gram please inform me about the pair and tf.

please dont ask for source code........

please dont use rough words to other peoples all of us here to find something, let dig it together.

the version 1.1 already under development.....
proposed changes....
1] custom currency pair name like EURUSD.pro,GBPUSD.LMAX will be added
2] selective currency pairs pairs trend strength and entry signals will be provided to reduce the cpu load.

if you need any thing please let me know i will add it.

this system is open for development but with the indicators provided in this thread dont use any other indis unless it is mt4 standard indis, because our entry signal indi itself compares some data's each and every tick.

please make this thread as interactive thread, because it will encourage me to do some thing.......

enough about all these things lets begin the journey


THOSE WHO DONT HAVE RAR, PLEASE DOWNLOAD IT FROM BELOW...UPDATE NOV.16.2014
Attachment

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UPDATE NOV.18.2014

M_T_F.S_T_Analyser Mini added


UPDATE NOV.20.2014

bug cleaned version of E_S_A and T_S_A,

Trend Strength Analysis..............

1] its so simple +9 means stronger up trend and -9 means stronger down trend.

How it will help.............

1] Trend Strength will be used in many ways,
i]first you can measure and fix a bias for a particular pair, Longer time frame trend strength are calculated by recent days behavior so the pair might act the same way.
ii] you can measure a particular single currency strength , by comparing all related pairs strength and decide how the particular currency is acting. for example if i take euro i will look all the euro pair and analyse the trend strength, and separate the news time trend spike and ordinary spike in trend.
iii] some times i even try to take trade solely based on trend strength without seeing the currency pair . for example if i see longer time frames all align to a bias and the 1 min time frame turned opposite, i will mark the pair and watch closely its trend strength, because it will realign to longer time frame, my probability to win will be higher.

for example
if eur/aud all tf except 1m showing buy ,but 1m trend strength dropped to sell , i will watch the 1m tf to re align to buy , when it reaches buy i will buy. but this method is not for beginners because some risks involved.

these are pre - trade analysis, before start trading we must watch the trend strength and fix best pairs for trading like maximum 4 to 5 tf align in same bias, and see the related currency pair bias and and analyse their behavior like the related currency pair strength is same against all the other currency parings. and mark 3 to 5 symbols per day and closely follow their charts and news. may be i dont explain properly, because i am not great at Lectures but this is the original way of my trading.

PLEASE READ IT CAREFULLY, these are not set in stones Rules.
"THE BASIC IDEA OF THIS SYSTEM IS INCREASING THE PROBABILITY OF THE WINNING TRADES"
Entries:-

BUY:-

if the pair is success in pre trade analysis.
if the buy signal appeared.
and best of it it is not a news time.

SELL:-

if the pair is success in pre trade analysis.
if the sell signal appeared.
and best of it it is not a news time.

the trigger indi is based on PA, please have knowledge about PA, like HH,HL,LL,LH. because it is traditional one if LL, LH is forming it is down trend if LH is break-en then the trend cycle is end. opposite for up trend. so analyse your trade based on it.

STOP LOSS:-
right now i am using Bollinger Bands as stop loss toll,
for buy i will use lower line in lower tf and middle line high tf.
for sell i will use higher line in lower tf and middle line in high tf.

TP;-

i am using same BB..
if bollinger bands contracting i will use the upper and bottom line as tp, but if the bb is expanding i will trail it.

PLEASE USE THE FIRST SIGNAL IN THE TREND STRENGTH DIRECTION AND TRY TO RIDE AS MUCH AS YOU CAN, OR EVEN YOU CAN CUT SHORT YOUR PROFITS. but some times the first signal may fail initially but it will develop....

thks to share scalper.....I'll follow your thread.
One question: the indi level in the second pic has the value of trend strenght in the first pic?
Thks again

Hi Scalper.exp, I will try these out & follow it. Thanks for the sharing & many thanks

no actually it is entry signal for trade......

green histo buy trade

red histo sell

I think is great and simple. I'll have a look on the system. Subscribed!!! Thanks for the sharing and nice to meet you all. I have one question: why only 18 pairs? Is it because the others don't move enough?

its not like that my friend......
i have chosen all the major economies.. but for a scalping system i think watching 18 pairs is enough, from this 18 you have to choose 3 to 4 pairs only because it will reduce the distraction......

Thanks for sharing, great work.
Not important, but if you want to revise: in row 3 of your monitor you have AUSUSD instead of AUDUSD

till now more than 150 downloads, no one have any doubts or no one find the tool useful?

Hi scalper.exp.
First, thanks for sharing. Looks like powerful tool.
Personally, I'm waiting for v1.1

ohh nohhh excellent work brother... god bless u..
hope next year indian will rock the market ..

Hello Scalper,
I have a problem opening ".rar" files because they slow or crash my computer.
So could you please just post the ".ext or .mq4 files.
I will like the opportunity to evaluate your system

Thanks

thank you us fantasy...

i will post it

Hi scalper and all here,
Ok i try this one. Dont know TP / SL.
But it's FXCM Demo ...

Some minutes later the signal disappeared M15. Go out?

i think the signal disappear after the close of the current candle......Because this way only the indi has been programmed. please try to catch the first early signal, if the trend is supported in the small time frame and bigger time frames.....

if find the similar situation please let me know.

but in my advise please take the trade based in 5 min or 1 min chart, because in your example the 15 min reacted at 15:00 according to my broker time but if you look at 5 min time frame the signal came 2 hours early 12 : 15 at my broker time,

about the stop loss please use bb mid line in longer time frames and bb upper line for long and bb lower line for long in smaller time frames

@ scalper : It disapear on MTF tpl, not in individual tpl.
So we dont really need MTF tpl ? Just Individual tpl and take the first buy or sell signal (with alert)

sorry for my bad english sir

jf

@ Scalper
Can you please add an alert when new signal change/appear?