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Ali's forex strategy

  • #201
  • Edited 3:43am Oct 15, 2015 3:10am | Edited 3:43am
can some one attach Signal bars indicator that contain daily signal

**Edit: thnx i find it
  • #202
  • Edited 6:22am Oct 15, 2015 3:26am | Edited 6:22am
Quoting BugattiBoy
{quote} Price is under the 50SMA so that wouldn't be a good buy signal Wahnone, and also you should be viewing it on the 1HR not 5min timeframe
Hi Bugattiboy. I traded it in 5 minutes yesterday and it worked out fine. I've also made trades today on 5 minutes chart and all but 1 turned out profitable. So i think it could have prospects on lower timeframes too. However, my question really has not been answered. Forget the 50 SMA for now, my question is that does the signal bar indicator signal a buying?

Yousefh, attached is the indicator pack.
Attached Image (click to enlarge)
Click to Enlarge Name: NJ.png Size: 102 KB
Attached File(s)
File Type: rar Meter%2BSignal%20bar.rar   46 KB | 379 downloads
  • #203
  • Oct 15, 2015 7:18am Oct 15, 2015 7:18am
Here is latest (I believe) version of Signal Bars. Same password: free_at_tsd
Attached File(s)
File Type: ex4 #Signal Bars 11a.ex4   67 KB | 438 downloads
  • #204
  • Oct 15, 2015 9:27am Oct 15, 2015 9:27am
pls describe me how the currency meter works........ little bit confused
stay cool when trade begins
  • #205
  • Oct 15, 2015 9:40am Oct 15, 2015 9:40am
Quoting rajkumar3192
pls describe me how the currency meter works........ little bit confused
Its the currency ''strength'' meter Raj, it shows the strength of one currency relative to the other, if the JPY is 9.2 on the meter and EUR is 2.1, and the prices of EUR/JPY is under the 50SMA and crosses the trendline and RSI is over 20 that would mean you should short EUR coz its weaker than JPY
  • #206
  • Oct 15, 2015 9:49am Oct 15, 2015 9:49am
Hi Ali, I'd like to know how many trades do you get per day coz today I only got that one USD/JPY trade that I uploaded earlier, im from South Africa and London is 1hour behind us, so I trade London Session and 4hours of New York which is 6pm my time
  • #207
  • Oct 15, 2015 10:01am Oct 15, 2015 10:01am
Hello Op. what is the percentage of this system. you one mentioned it is 99%. can you talk about it.
  • #208
  • Oct 15, 2015 10:33am Oct 15, 2015 10:33am
Quoting borguu
Hello Op. what is the percentage of this system. you one mentioned it is 99%. can you talk about it.
http://prntscr.com/8rm0pb tried for 4 days and performance was good
stay cool when trade begins
  • #209
  • Oct 15, 2015 10:36am Oct 15, 2015 10:36am
Quoting BugattiBoy
{quote} Its the currency ''strength'' meter Raj, it shows the strength of one currency relative to the other, if the JPY is 9.2 on the meter and EUR is 2.1, and the prices of EUR/JPY is under the 50SMA and crosses the trendline and RSI is over 20 that would mean you should short EUR coz its weaker than JPY
thanks
stay cool when trade begins
  • #210
  • Edited 12:36pm Oct 15, 2015 10:43am | Edited 12:36pm
Hi Ali, Thank you very much for sharing! Please check up, if I correctly understand your rules:

Complete example of BUY trade:

- Wait for a bull candle to break upward the trend line and to close above that trend line;
- H1, H4 and D1 of the Bar signal indicator (top right on the chart) should be green;
- The Simple Moving Average should be below the price;
- RSI should be < 80 level;
- The basic currency (the left one) should be stronger then the counterpart (the right one), according to the power meter (down right on the chart); for instance if you trade USD/EUR, USD should be stronger then EUR for a BUY trade.



Complete example of Sell trade:

- Wait for a bear candle to break downward the trend line and to close below that trend line;
- H1, H4 and D1 of the Bar signal indicator (top right on the chart) should be red;
- The Simple Moving Average should be above the price;
- RSI should be > 80 level;
- The basic currency (the left one) should be weaker than the counterpart (the right one), according to the power meter (down right on the chart); For instance if you trade USD/EUR, USD should be weaker than EUR for a SELL trade.


Thank you again and cheers!
  • #211
  • Oct 15, 2015 12:43pm Oct 15, 2015 12:43pm
Quoting scardi
Hi Ali, Thank you very much for sharing! Please check up, if I correctly understand your rules: Complete example of BUY trade: - Wait for a bull candle to break upward the trend line and to close above that trend line; - H1, H4 and D1 of the Bar signal indicator (top right on the chart) should be green; - The Simple Moving Average should be below the price; - RSI should be < 80 level; - The basic currency (the left one) should be stronger then the counterpart (the right one), according to the power meter (down right on the chart); for instance if...
Its all correct Scardi except for a sell RSI should be above 20, I think Ali made a mistake with that
  • #212
  • Oct 15, 2015 1:59pm Oct 15, 2015 1:59pm
Are the green colors on the signal bar suffecient enough to signal a buy bias? As you can see, the 1hr colours are not totally green. Waiting for a response. {image} {image}[/quote]

5 min charts ? if you bk green line then you are at over head resistance ..looks like a loser to me ..GL
Learn THEN Unlearn
  • #213
  • Oct 15, 2015 6:55pm Oct 15, 2015 6:55pm
Hi Pretty good performance over 4 days. nearly 10% return.
Quoting rajkumar3192
{quote} http://prntscr.com/8rm0pb tried for 4 days and performance was good
  • #214
  • Oct 15, 2015 8:07pm Oct 15, 2015 8:07pm
don't those demark trendline indicators repaint a lot?
  • #215
  • Oct 16, 2015 1:57am Oct 16, 2015 1:57am
how many hours does the trade will be on
stay cool when trade begins
  • #216
  • Oct 16, 2015 3:15am Oct 16, 2015 3:15am
Short NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_ukM30.png Size: 82 KB
Good thoughts and actions can never produce bad results.
  • #217
  • Oct 16, 2015 4:25am Oct 16, 2015 4:25am
Quoting babajee
Short NZDUSD {image}
Hi Babajee, where did you get this strength meter because my CHF and CAD have been at 9 level since 3hours now and yours showing low levels
  • #218
  • Oct 16, 2015 4:44am Oct 16, 2015 4:44am
Quoting babajee
Short NZDUSD {image}
Can you please share your currency strength meter. Thanks
  • #219
  • Oct 16, 2015 4:45am Oct 16, 2015 4:45am
Quoting BugattiBoy
{quote} Hi Babajee, where did you get this strength meter because my CHF and CAD have been at 9 level since 3hours now and yours showing low levels
Correct observation, same with me.
  • #220
  • Edited 5:25am Oct 16, 2015 4:51am | Edited 5:25am
Quoting BugattiBoy
{quote} Hi Babajee, where did you get this strength meter because my CHF and CAD have been at 9 level since 3hours now and yours showing low levels
It is not work on some broker mt4, change ur broker plz, like fxpro or other.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 68 KB
Good thoughts and actions can never produce bad results.
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