Attachments: My FX Pattern Indi

My FX Pattern Indi

#1
First Post: Edited Nov 7, 2016 6:03am Jun 2, 2015 12:22pm | Edited Nov 7, 2016 6:03am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

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If you want to send me a ----------- You like my Indi or Live signals -------- Free Campaign on M&W Indi
quick and personnal ---------------- Please like my Facebook Page -----------Started on January 2016
message [ Here ]-----_-------------- [ Here ] -----------------------------------Ends on July 2016
It's always a pleasure... ------------ Thank you ! -------------------------------All free campaigns available [ Here ]

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Hi Traders,

I have developped this indicator based on my own vision of Price Action. It's my own FX pattern. Swing entry based on Potential Reversal Zone (PRZ).

About the Indi:

The Indi doesn't repaint. If multiple arrows appears close each other, that's because the pattern is forming a double call or the same patterns happens into another time frame. On chart, you can fly on the arrow to see what tf it is related to.

It will send Alert (Pop up)... and it will display the signal on chart. It also displays past signals

Red and blue Arrows... Low tf from M5 to M30
Green and Purple Arrows... High tf from H1 to Daily

Trade set up:
SL tight: 30 to 75 pips... depends on Timeframe
TP... in terms of risk/reward: 1:3 at least!

About the Pattern:
Patterns are stronger on high timeframe H4 & D1.... but it requires a very long time to form.

Example Signal:

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Here we see the W on daily on GBPAUD. You are now familiar with it [ Here ] in case you haven't downloaded M&W Pattern Indi
We can also see the double short signals (D1 & H1) issued from my FX Pattern Indi.... This is a lot of confirmation.

Parameters:
I recommend to use default parameters as you don't know what they will change anyway. This is flexibility to detect patterns.

Let's get started : )

My FX Pattern: Free Licence goes untill end of November 2016

Attached File(s)

PipsFestival_My FX Pattern_Beta_2_Nov_2016.ex4 40 KB | 1,892 downloads | Uploaded May 29, 2016 10:12am

My FX Pattern is explained in details here

Welcome on board

PipsFestival
Cheers

#2
Jun 2, 2015 1:17pm Jun 2, 2015 1:17pm

JoshuaHope
| Joined Feb 2015 | Status: Trader | 697 Posts

Thanks for sharing PipsFestival.

Best, Josh

#3
Jun 2, 2015 1:48pm Jun 2, 2015 1:48pm

hannele
Joined Sep 2012 | Status: Trader | 210 Posts

Hey PipsFestival,

This is getting better and better, count me in

cheers
hannele

#4
Jun 2, 2015 2:11pm Jun 2, 2015 2:11pm

Samuelkanu
| Joined Oct 2011 | Status: Trader | 205 Posts

Pipfestival, am subscribed

#5
Jun 3, 2015 12:06am Jun 3, 2015 12:06am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Recent signal:

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Is it possible to get better entry?

#6
Jun 12, 2015 2:19am Jun 12, 2015 2:19am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

We got a Sell signal on GBPAUD daily @2.0160

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#7
Jun 12, 2015 7:28am Jun 12, 2015 7:28am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Quoting PipsFestival

Disliked

We got a Sell signal on GBPAUD daily @2.0160 {image}

Ignored

Order closed for the week end: +63 pips

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#8
Jun 12, 2015 8:20am Jun 12, 2015 8:20am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Sell Signal on GBPUSD H1:

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#9
Edited 5:32am Jun 27, 2015 4:00am | Edited 5:32am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Sell signal H4 @ 2.0590

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#10
Edited 1:45am Jul 11, 2015 12:49am | Edited 1:45am

ahhamidz
| Commercial User | Joined Nov 2014 | 3,028 Posts

Quoting PipsFestival

Disliked

Sell signal H4 @ 2.0590 {image}

Ignored

Hi pipsfestival
why sell ? GBP +23 & AUD -27

I test indicator (PipsFestival_My FX Pattern_Beta_) . when alarm sell Not low prices. Sometimes it goes up 50 to 70 pip ! . When a little bit below back up. All returns will not show. Shows two or three times a week for all 28 pair . How do the indicators used. Please explain more.
my english very bad . use google translate
Thanks

#11
Jul 11, 2015 3:01am Jul 11, 2015 3:01am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Quoting ahhamidz

Disliked

{quote} Hi pipsfestival why sell ? GBP +23 & AUD -27 I test indicator (PipsFestival_My FX Pattern_Beta_) . when alarm sell Not low prices. Sometimes it goes up 50 to 70 pip ! . When a little bit below back up. All returns will not show. Shows two or three times a week for all 28 pair . How do the indicators used. Please explain more. my english very bad . use google translate Thanks

Ignored

Hi ahhamidz,

GBPAUD is bullish pair:
http://www.myfxbook.com/files/CrazyT...5jzD3PQapW.png
http://www.myfxbook.com/forex-charts/GBPAUD,D1/24321

Therefore, Sell signals from my Fx pattern indi could bring some pips, at some point, but it is always difficult to trade against the trend because the pair retraces down a bit, and then breaks higher again and again.
If you are Long on GBPAUD, you can use signals to exit trades....

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From picture above, you can see how market is intense when markets rallies up.... that's why when My Fx pattern indi sends alerts, it will be always against CSA. This thread is about to provide entry price level, when market could eventually reverse sharply... Despite accurate entry price, we never know if it will happen. (Higher Timeframe the better)
When signals happen, make your own analysis as usual.

We have a beautiful Daily W pattern. [ here ]

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Market hit Center Point and was rejected from there... breaking the W base (Double top)... + 900 pips from 2.0000

I hope it helps

Cheers

#12
Jul 11, 2015 4:47am Jul 11, 2015 4:47am

ahhamidz
| Commercial User | Joined Nov 2014 | 3,028 Posts

Quoting PipsFestival

Disliked

{quote} Hi ahhamidz, GBPAUD is bullish pair: http://www.myfxbook.com/files/CrazyT...5jzD3PQapW.png http://www.myfxbook.com/forex-charts/GBPAUD,D1/24321 Therefore, Sell signals from my Fx pattern indi could bring some pips, at some point, but it is always difficult to trade against the trend because the pair retraces down a bit, and then breaks higher again and again. If you are Long on GBPAUD, you can use signals to exit trades.... {image} From picture above, you can see how market is intense when markets...

Ignored

Hi PipsFestival
Thanks
Your purpose is to be used only for exit trades?

#13
Jul 11, 2015 5:22am Jul 11, 2015 5:22am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Quoting ahhamidz

Disliked

{quote} Hi PipsFestival Thanks Your purpose is to be used only for exit trades?

Ignored

No... Arrows are signals when my own fx pattern happens.... market is supposed to reverse or at least retrace a bit.
So what I mean about GBPAUD is the trend is up... better to look for Pullback to enter Long. As market is supposed to reverse from signals sent by Indi, therefore you could close trades on Sell Signal and enter Short for a little while.

Look at GBPCAD:
The last signal is daily issued @ 1.9720 on friday

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Now market could eventually retrace down futher

#14
Jul 11, 2015 6:41am Jul 11, 2015 6:41am

ahhamidz
| Commercial User | Joined Nov 2014 | 3,028 Posts

Quoting PipsFestival

Disliked

{quote} No... Arrows are signals when my own fx pattern happens.... market is supposed to reverse or at least retrace a bit. So what I mean about GBPAUD is the trend is up... better to look for Pullback to enter Long. As market is supposed to reverse from signals sent by Indi, therefore you could close trades on Sell Signal and enter Short for a little while. Look at GBPCAD: The last signal is daily issued @ 1.9720 on friday {image} Now market could eventually retrace down futher

Ignored

Hi
thanks
This shows that the future is bearish ( GBPAUD) ?
What percentage of the risk?
What time frame you prefer?
I think if it works it can be a leading indicator.Unlike (MAD &STOCH . ........) the last ever show

#15
Jul 11, 2015 7:45am Jul 11, 2015 7:45am

PipsFestival
| Commercial User | Joined May 2015 | 654 Posts

Quoting ahhamidz

Disliked

{quote} Hi thanks This shows that the future is bearish ( GBPAUD) ? What percentage of the risk? What time frame you prefer? I think if it works it can be a leading indicator.Unlike (MAD &STOCH . ........) the last ever show

Ignored

I prefer high timeframe, sometimes H4, Daily & Weekly signals are stonger but doesn't happen a lot.

This shows that the future is bearish ( GBPAUD) ?
=> No... :

Monthly Chart:
AB = CD, +1000 pips is expected around 2,20 area

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Weekly Chart:

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Daily Chart:

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In conclusion:

CSA: Bullish

Monthly, Weekly, Daily: Bullish

Last daily W broken up: Bullish

From This indi:
- Multiple Sell Signals failed
- Last long Signals: worked

Crowd: 86% traders are short !... bullish trend:

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