Welcome to my "meat in the middle" trading system
A word to all of us who feel they aren't able to live life to the fullest - Life should not be about going from worry to worry. Challenge to challenge, sure; situation to situation, yes; event to event, of course. But not from worry to worry. Unfortunately, far different from the way most of the world currently lives; stress filled, full of worries, in a hurry, and loaded with anxieties. In regards to money, this means not worrying about how you will pay your bills, and in Forex, it means not worrying about about losing the money you currently have in open lots. Believe it or not, this has less to do with having loads of confidence, than it does with letting go of all your fear. This is what it feels like when you become one with the market, and you know that you are working with the right tools, to take money from it at will. That is what I am going to try to offer you here, by first providing you with the right tools, and then making myself available to make sure that you are using them correctly.
"Self-trust is the first secret of success" - Ralph Waldo Emerson
So... let's get started.....
Indicators & Templates
Non-Lag Indicator
This indicator is one of the three indicators that we are using together to help determine trade entry and direction. It can also be used for placement of t/p or s/l settings.
Super_Trend
This indicator is the second of the three indicators that we are using together to help determine trade entry and direction. It can also be used to help determine s/r reversal trading points and target goals.
Super Trend
This indicator is the third of three indicators that we are using together to help determine trade entry and direction. It can also be used to help determine s/r reversal trading points and target goals.
Channels
This indicator is our dynamic s/r indicator, which can offer great target points, and reversal points.
2SuperTrend-NLD_Alert
This indicator combines the NLD, and both Super Trend Indicators into one dynamic indicator. It allows us the ability to turn off any of the three indicators at will, change each indicators individual settings, and even change the distance in which the arrow displays from the candlestick. If you have all three indicators set to "true", then you will not receive a signal until all three indicators are pointed in the same direction in real time. You can change one or all three of the indicators to false, which will effect how and where the arrows will be drawn'
Before I go any farther, I have to amplify to everyone that the newest version has a few unique settings. Please keep reading below to understand what they are and how they work. I have never seen this type of coding performed in an indicator of EA anywhere before. Thank You !
1. The indicator will automatically give an alert the first time an arrow shows on the chart. It is possible that this first alert could actually be a false alert, as the arrow could disappear later on during that bar.
2. In the properties area of the indicator, there is an "Alert Mode" subject heading area where the user has three choices. Those choices are Current Candle, Candle Closed, and Both. In the template, I have it set to both. Below those choices you will see a "Current Candles Last Minute" subject heading. The number input here represents the amount of minutes until the bar closes. Let's say we input 20.
3. So, you get an alert when the arrow first shows up on the bar, but this arrow could repaint. Because we input 20 in the "Current Candles Last Minute" box (see #2 above), you will also get an alert if there is an arrow that is already there or or one that appears at anytime within 20 minutes left remaining in the bar. This can help you get into a trade a little earlier, or just remind you to get to your computer so you can review the situation before the close of the bar, as there might be an arrow there. This is important, as how many times does the big move happen in the first few minutes of the new bar, and you fell like you missed it, and don't want to chase it? Well, it seems to happen to me quite a bit. You have to have "Current Candle" in the appropriate properties box for this feature to work. This arrow could also repaint.
4. Then, you could have "Closed Candle" in the appropriate properties box, and you will get an alert when the arrow first appears, and you will also get another alert if the arrow is still there at the close of the bar.
5. If you have "Both" chosen in the appropriate properties box, then, you will get all three of the above alerts I talked about above to benefit you in your trading! In the templates, I have "Both" chosen.
6. As far as the arrows you will receive are concerned: What we have done is instead of having an indicator that gives us any old arrows, we decided to take into consideration the 1, 2, 3, ..... wave trading technique. Although we did not get all that technical with the code and the 1,2,3 wave, you will find that we did follow the basic rules of wave trading, and put that into the code. In doing so, were able to eliminate a large number of arrows which are most likely not to trade in our favor, into getting only more of the arrows that would trade in our favor. You will now see when you upload the newest template and indicators, we are taking the trades that help us get that "meat in the middle", which, are the safest, the funnest, and the most relaxing pips to bank. The arrows we were able to eliminate were those at the beginning and at the end of a move. Which are the most dangerous to trade, and the most likely locations where your trades will go against you. I have said many times that it is all about getting into the synergy and becoming one with the market, and that is what this indicator is designed to do.....become one with the market for us, then alert us when it is time to make a trade.
W_B-Damon-Swing (Template Series)
This is the current template set that I am using. One template is for the 1hr chart, one is for the 4hr chart, and 1 is for the daily chart.
Please continue reading to learn how the system has changed and what has remained the same !
I am not nearly done with where this whole project might lead me. But, at this point in time, this is where we are at, right now. ENJOY !!!
Are you ready to have fun stashing wads of cash in your pockets ?
1. Post #81: Alert indicator coming soon compliments of FerruFx - much thanks to you my friend! It is so very much appreciated, and I won't be able to thank you enough.
2. Post #84: Starting here are results from a manual back test and a way to trade the system on a 30m chart.
3. September 27, 2015: Small live account was started to test this system.
4. Started the work on separating my charting profile into a trending profile and a ranging profile; also, combined indicator added to the template.
5. Weekend of October 2nd, 2015: This weekend I released the newest version of the indicator & template, which I have been testing all the previous week. The information can be found by re-reading this first post.
6. Weekend of October 10th, 2015: Loaded up the new templates and general information about the main indicator. Started detailing what is new, below!
Lots of new Things Happening
A. I was using three indicators in one to determine trade direction, but after putting in the wave filter into our arrows, I did some testing, and the best setting was to just use the NLD indicator by itself. So, in the template, you will see that I have turned the two Super Trend indicators off, which leaves us with some very effective arrows. The settings are still there if you want to test other settings and the other indicators yourself. I am sure that there is a lot that I could have missed that you could enlighten me about. The tools are here at your disposal.
B. I then decided to replace the two Super Trend indicators visually on my charts with Moving Averages. I started with the 34ema h/l/c. Then, I added some ema's to the low. There may be too many on the chart for you, and there may even be too many on the chart for me. But, this is the number that I am going to start with, and I will adjust from there as necessary. These ema's certainly don't help identify or help make sense of every situation, but they make it a lot easier to recognize trading situations and identify trading directions in a lot of situations with relative ease, and it is those "found with relative ease situations" that I will be looking for and will be wanting to trade.
7. Post #136: This is the first post were I uploaded charts of a few trades from the newly completed "whole system", and discussed how I was able to determine that they were good trades to enter, and how I used the system rules to enter the trades. Enjoy the system!
Check back here for updated news and information!
Enjoy life, and make good trades!