Astro based Turning Points known in Advance

Okay Indie Beggars,
 
Enough begging Abhay.. You could find the sets of the indie here https://www.mql5.com/en/code/2227 for FREE. It's for MT5 chart though. Couldn't find the MT4 version.
 
You may need to BEG that author instead, if you really want to.. 
 
 

Wibie,

Good looking out! Even in your own smart-alecy way.

Cant wait to see that!

I have been thinking about it.... I will resume posting on a limited basis.

Negative people are only a small part for not posting but it made me realize not all people deserve to get this... also I am now aware of how to block the people who are bent upon positing negative due to their vested interests.

So for today, another turning point is now almost on the horizon and EURUSD has made a nice move into it. So I am looking to short and add more with confirmation. My trend Forecast indicates that next week it will resume downward movement into sideways range... So it looks a very safe trade...

Looks good, subscribed. From Houston TX.
Looking forward to the indicator Abhay.

So the turning point was published well in advance and $EURUSD turns exactly on the time bar... giving nice profit of 30 pips already

Nice one ...I was on it...Thanx man!

Very nice! Can you share it? Please.

I will, in a few days. I am still completing some part of coding...

Nice work! Are your calculations/ indicator specific to a particular currency?

Pardy

I mainly focus on EURUSD but other trader have used on other main pairs and most of the times they react at same times..

Hi Abhay
I'm glad you have recovered from the stone throwing bully boys.
Understandably some would like to get their mitts on your indicator but what I would like to know is more about the colour coded columns on your charts, what they represent and how you interporate them ?
Thanks for coming back

Thanks for this thread, I am very intrigued with this philosophy of trading. Would like to know more.

EURO again reacted to the Astro turning point and currently is running into a wall, so price does not seem to be going anywhere.. What is more important for people interested in it is to follow how price reacts around these points, often +/- 1 bar and other times +/- 2bar accuracy. Some members may want to get their hands on it ASAP but it will be more effective once you start getting comfortable with what kind of reactions happen and when you should enter the trade and what to do to protect the trade...

Compare with the previous chart and you will note Green Turning Point was already forecasted yesterday..

May I ask how much draw down you normally have?

So nice, subscribed, count me on~ Thanks, buddy!

That will depend on the strategy you are using. Personally for me, I have been using this indicator for last 3-4 weeks and my equity has gone up about 60% since then and hopefully by another 1 or 2 weeks it should be 100% up and all trades have closed in profit. For me, I also have the trend forecast so I knew that the trend was overall down for these weeks and anytime I saw a nice move up into turning point then I would establish my positions in 2 or 3 portions to make sure the move is complete.

In one of the previous trade I started establishing short position (20% of capital) from 1.0725 (an hour before the turning point) and price move 35 pips against but once I was confirmed of move completion into the turning point the price was between 1.0750 - 1.0760, then I added rest as the speed had slowed down and it became stagnant so breakout did not look likely..

1) I watch the intensity and speed of the move into the turning point, likelihood of breakout vs reversal decision
2) for breakouts I watch preceding 2 bar high/lows and a little longer support/resistance levels, if I am taking reversal trade then these high/lows act as stop and potential breakout trades if near important news time.
3) If the price action going into Turning Point does not look good then it is not necessary to take every trade at every turning point, just few trades at only selected turning points can give you 40-50% returns in a month with good money management and moderate risk.
4) My average profit for each Turning Point trade is 40-60 pips, if price is extended and supported by trend forecast then I can go for over 100 pips and likewise if it is slow moving then I may go for just 20-30 pips profit.
5) If I get just 5-6 such good trades in a month then a lot money can be made and we are getting that in 1 week itself.


Anyone interested in my indicator should read these points many times to be really aware of when using it to trade...

very interesting indicator! subscribed

unbelievable... no trustworthy theoretical foundation ("asTROLLogy"), no statistical sagnificance, no proof of trading history - and still increasing number of followers. you have been warned, don´t cry after your account has been vaporized.

anyway, best of luck for the believers...

I thought about putting stop loss and moving along previuos bar .Depends if its long or short trade.