Anyone who can help with a system?

I am currently attempting to make my own strategy/system and was wondering if any of the experienced members could PM me to look it over and offer advice.
The system is CCI, StochRSI, and RSI, and signaled with overbought/oversold levels and an EMA cross.

Most profitable traders I know read the candles and more important, structure of the market. I don't know any with several indicators who are consistant. Good luck!
(People hate hearing the truth and I"m sure somebody will tell me i'm wrong)

I am the newbie here so I am taking your advice. However, I am learning that everyone has their own way in forex.
But I am curious still, since the system appears to my untrained eyes to have good accuracy for entries. And I can't manage to create it in FSB, so I can backtest. Thats basically why I was asking here.

if your new to trading get away from indicators...........they don't work. They lag the market. If they worked everyone would be using them!


Learn about supply and demand, candle patterns, chart patterns, fibnonaccis, volime

From the few indicators you mentioned, it seems like there are all from the same 'family' - oscillators. They have the tendency to give you similar 'signals', hence not gonna be very useful.

While many traders start of looking and crafting a strategy based on technical analysis and indicators; I often encourage them to look for confluences beyond technical analysis. Include fundamental and sentiment analysis into your strategy; they help you to paint a better 'story' and thus conviction in your trade. The best part is fundamental and sentiment can 'explain' why the market moves in certain direction - hence also help in your trading psychology as well

Beerun

Its a good thing you asked this question first up so people like me can help you not go down the path you are talking about. I am a professional FX trader so I make my living from this, I have been in this approx 12 years seriously and many years prior not so serious and other markets near on 30 years back to my teenage days so I think I know what I am talking about.

I have a journal in the Trading Journals section of this website called - The Fundamentals of Trading - please take the time to read this from the start as what you are embarking on is completely wrong it will only loose you money, don't do that.

I have been down this road of wanting an automated system its the road to ruin.

Simon

Hello Beerrun,
I am sorry for posting my message on this thread. It is not appropriate thread to post this question. However, I have been asking this question on another forum. Though unusual and unfortunate, I have not received any response. As I am a new member, I don't have privilleges to send a PM and therefore posting it on this thread. My heartfeld apologies for posting here.

Will you please take a look at my request and help me with the code modification? Below is what I had posted on the other thread.

"I have been testing different MAs with HullMA,JurikMA,TilsonMA,WMA,EMA,LWMA etc.. Recently I came across Snake indicator. It looks interesting. With due credit and kudos to the person who originally coded it, may I ask the experts on FF to see if it is possible to make a few modifications? The changes that I seek are as follows on MT4 platform;

1. Change the color of the indicator line depending on slope. If the slope is greater than previous value, it will be one color, if the value is same, it will keep the same color of the previous value and if the value is less than the previous value, it will be another color. The colors will be selected in the settings.

2. Add a up or down arrow when the line color changes.

3. It creates an alert (text, email, pop-up and sound) depending on the values selected in the settings.

I am attaching the snake indicator that I downloaded from FF forum. Thank you in advance!"


If you could find some time from your busy schedule, I request you to please help. I am learning MQL4 myself. If you could help me with the above changes, I will be able to learn by comparing the new code with the old one.

Have a great day ahead!