GBPUSD trade was opened.
5/15 TMA upper band was breached.
Possible reversal here since GBPUSD has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short
USDCAD trade was opened.
5/15 TMA lower band was breached.
Possible reversal here since USDCAD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long
if you notice your bigger channel the 15 is in perfect place..eg pointing up
be patient my friend and wait for you 5 min channel and 1min channel to come together all 3 at the bottom...
bang long trade...classic hurst....let the winners run and as your highest time frame is 15 long the 15 channel ....take profit..allow pull back then long again....as long as 15 channel is up (clue middle line wull be green)
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Joined May 2011
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Status: My Avatar IS the Avatar
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hey gang...need some help forward testing these two ea's....its based off of my arrow indi which is based off of the TMA bands and CCI being ob/os areas. they do great in strategy tester so if anyone with a free demo account would be kind enough to help me out forward it would be great. 1.3 takes trades on the 5 min band, 1.2 takes trades on the 15 min bands. you need both arrow indis in your data file for them to work. "arrow" files go in indicators folder, the others go in your experts folder. thanks in advance.
AJLFx ref post 7906 you took 11pips if you notice your bigger channel the 15 is in perfect place..eg pointing up be patient my friend and wait for you 5 min channel and 1min channel to come together all 3 at the bottom... bang long trade...classic hurst....let the winners run and as your highest time frame is 15 long the 15 channel ....take profit..allow pull back then long again....as long as 15 channel is up (clue middle line wull be green)
Ignored
Devontrader,
While the 15min TMA is pointing up now, the 1HR TMA is still heading down.
At this point I try to trade with HTF.
When 1HR TMA starts to point up, then I would consider long trades.
As I write I notice how GBPUSD 1HR still has not quite turned up yet.
An interesting discussion on these "recovery trades" , although its not my system I did go through a phase of not taking any losses what so ever by a similar system. Very briefly... I would not place a stop at my usual 20 pip emergency but when a trade went against me and broke my level then I would take the opposite trade eg hedge, so locking in for example a 15 pip loss. Then I would just watch the CCI swings and everytime it went oversold or overbought I would sell or buy it but instead of going to BE at 3 pips I would bank it, I would repeat...
Ignored
Clive I will begin looking to try and use "hedging" as part of the "recovery" trades.
I like the idea of "locking-in" a certain loss point, then performing other trades to catch up.
Why go thru all this trouble?
1. Find the right pairs, study them....(for me max. 2 I concentrate in)...to many, too much distraction.
2. Follow the green or red line on M5/M15
3. Have your stop loss in place 15/20 pips. Remember: Trading is guessing, why else would you need a stop loss.
4. Have fun!
{quote} Clive I will begin looking to try and use "hedging" as part of the "recovery" trades. I like the idea of "locking-in" a certain loss point, then performing other trades to catch up. Will evaluate and see how it works.
{quote} ... the amount of pips that price has moved outside the band for the chosen timeframe (e.g. 10 pips above the upper M5 band or 10 pips below the lower M5 band)
Ignored
Hello!
Sorry for the delay, but I had no time to read FF :-) Below is TMA line with parameter BandTouchMargin - how many pips outside the lower/upper band price must move to show alert.
Below are some indicators I found useful for 1 min trading. RSIOMA - for M1 and M5 trend as suggested here http://www.forexfactory.com/showthread.php?t=463573 Heiken_Ashi MA T3 new[Alert] mtf Long term M15 trend as suggested by an experienced trader here http://www.forexfactory.com/showthre...339257&page=59 CSSDiff2 "Determines the Slope Strength of all currencies based on their TMA Slope values" Clives Strongest Weakest Tape Diff Shows signals based on Clives Strongest Weakest indicator Some good support/resistance and...
yes you are right.....I am always tempted to look at this and that...but still like my setup best (maybe because I am used to it). Looking for the holy grail (new indies, setups etc.) does not help me much. I will do what I do best and will advise others not to divert your attention from what you are used to.....
Trading is as simple as ABCD
