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Atheer's master trading method

  • #141
  • May 25, 2016 10:51am May 25, 2016 10:51am
Hallo everibody,

thank you atheer for the answer.
in eurgbp appear a signal. As i have anderstood, I open the position long at the green candle, is ok? Or I attend the following candle?

Thank you.

Leonardo
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  • #142
  • May 25, 2016 11:02am May 25, 2016 11:02am
Quoting toscano
Hallo everibody, thank you atheer for the answer. in eurgbp appear a signal. As i have anderstood, I open the position long at the green candle, is ok? Or I attend the following candle? Thank you. Leonardo {image}
Toscano, you can shrink the size of the indicator box to give you more screen area by dragging the top of the box down. Entry is at the close of the green bar. Notice you are in an obvious downtrend -- BB center line is sloping down. I would confirm this trade with your favorite oscillator - Stochastic, CCI, RSI, ect. And I would not expect the price to go much past BB Center Line. My thoughts.
  • #143
  • May 25, 2016 11:31am May 25, 2016 11:31am
Quoting Ryder
{quote} Toscano, you can shrink the size of the indicator box to give you more screen area by dragging the top of the box down. Entry is at the close of the green bar. Notice you are in an obvious downtrend -- BB center line is sloping down. I would confirm this trade with your favorite oscillator - Stochastic, CCI, RSI, ect. And I would not expect the price to go much past BB Center Line. My thoughts.
Hi Ryder,

thank you for your answer, I'm studying this trade system and I accept every suggestion that everybody can tell me.

Thank you again.
  • #144
  • May 25, 2016 12:44pm May 25, 2016 12:44pm
Can someone help me with identifying the master candle in terms of this strategy. I am a new trader and struggle with Identifying reversal patterns. Can other reversal candles or bar formations like pin bars, spinning tops, morning stars or other patterns pair with strategy. Also wouldn't a different settings be used for the 1min scalping version of this? I really like this strategy and want to apply it to NZD/JPY and other yen crosses



Quoting mickael58
{quote} This indicator may be of help? {file} {file} {image}
​Can you tell me what pairs this indicator is best for? or Can you tell me is there a best time frame for it to be used? I am just thinking it is super helpful for this strategy but I would like to use this for more things I really like how it seems to identify reversal on the Bollinger bands. Also when are you entering based on applying this indicator to this strategy
  • #145
  • May 25, 2016 1:32pm May 25, 2016 1:32pm
Quoting Ryder
{quote} I am NOT working on an EA. Do not believe in EA's other than for backtesting. I have written an Indicator that identifies Master Candles and additionally checks Atheer's 2nd Candle to produce a two candle signal. If you just enable "Master_Candle_Rule_Enable" in the indicator External Parameters, you will see the Master Candles. If you also enable "Candle2_Rule_Enable" you will get signals pursuant to the rules of Ather's strategy as presented in Post1.
++++++++++++++++++++++++++++++++

Nice work Ryder. Thank You!
  • #146
  • May 25, 2016 3:41pm May 25, 2016 3:41pm
Quoting toscano
Hallo everibody, thank you atheer for the answer. in eurgbp appear a signal. As i have anderstood, I open the position long at the green candle, is ok? Or I attend the following candle? Thank you. Leonardo {image}
it is OK if the candle is closed and yes it is a counter trend trade
atheer1
  • #147
  • May 25, 2016 3:59pm May 25, 2016 3:59pm
Quoting Ryder
{quote} Toscano, you can shrink the size of the indicator box to give you more screen area by dragging the top of the box down. Entry is at the close of the green bar. Notice you are in an obvious downtrend -- BB center line is sloping down. I would confirm this trade with your favorite oscillator - Stochastic, CCI, RSI, ect. And I would not expect the price to go much past BB Center Line. My thoughts.
Thanks Ryder for your work...............
The indicator still missing some of the trade setups
atheer1
  • #148
  • May 25, 2016 6:26pm May 25, 2016 6:26pm
Quoting atheer1
{quote} Thanks Ryder for your work............... The indicator still missing some of the trade setups
Send me an image when you get a chance, please.
  • #149
  • May 25, 2016 9:02pm May 25, 2016 9:02pm
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atheer1
  • #150
  • May 25, 2016 9:19pm May 25, 2016 9:19pm
Some of the missed setups for Ryder to review with thanks

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atheer1
  • #151
  • May 26, 2016 4:28am May 26, 2016 4:28am
hi atheer, i have a question , I tagged pictures below were valid ?? because it follows the your rules. I am still confused.
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  • #152
  • May 26, 2016 5:05am May 26, 2016 5:05am
Quoting kanin
hi atheer, i have a question , I tagged pictures below were valid ?? because it follows the your rules. I am still confused. {image}
It is valid,but why you are confused ?
atheer1
  • #153
  • May 26, 2016 6:12am May 26, 2016 6:12am
Quoting atheer1
{quote} It is valid,but why you are confused ?
I am sorry that I am asking again, but close of the 2nd candle is on the line, isnt it?
  • #154
  • May 26, 2016 6:19am May 26, 2016 6:19am
Quoting Mhons
{quote} I am sorry that I am asking again, but close of the 2nd candle is on the line, isnt it?
close of the master candle(1st) should not be on the line not the 2nd

for my broker close of the 1st = 1.47129

Close of the 2nd = 1.49892
atheer1
  • #155
  • May 26, 2016 8:08am May 26, 2016 8:08am
Hello Ather. I have corrected the Master Candle criteria for lines that are very close to the master candle open or close. Revised Indicator attached. Also, have attached a pic of the first chart (GBPUSD H1) that you sent me, and have annotated the image as appropriate. Let me know if this does not do it. I think the Indi is working fine on H1 charts now. On M1 charts, it does not work. Perhaps your Master Candle criteria is too restrictive. George
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 ###Atheers_Signals.v3.0.ex4   20 KB | 576 downloads
  • #156
  • May 26, 2016 9:06am May 26, 2016 9:06am
Hi atheer...just try demo your strategy and i found a failed setup. I think the candle form is correct, 1st body candle within a line and 2nd candle close above 1st open. Please see the arrow and advice, thank you
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  • #157
  • May 26, 2016 9:33am May 26, 2016 9:33am
Quoting inoycavalera
Hi atheer...just try demo your strategy and i found a failed setup. I think the candle form is correct, 1st body candle within a line and 2nd candle close above 1st open. Please see the arrow and advice, thank you {image}
These are counter-trend trades. All will not be winners. If you confirm this signal with either RSI or Stochastic, you would not take it.
  • #158
  • May 26, 2016 9:43am May 26, 2016 9:43am
Quoting Ryder
{quote} These are counter-trend trades. All will not be winners. If you confirm this signal with either RSI or Stochastic, you would not take it.
Hi ryder, thanks for your advice. So counter trend trade is really not recommended? what about the signal at the vertical line? is it safe and clear signal since the candles is as per atheer rules and rsi below 50? ignore existing position..
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  • #159
  • May 26, 2016 9:51am May 26, 2016 9:51am
Quoting inoycavalera
Hi atheer...just try demo your strategy and i found a failed setup. I think the candle form is correct, 1st body candle within a line and 2nd candle close above 1st open. Please see the arrow and advice, thank you {image}
signals are possible area of entry.Take those with the trend or wait for confirmation from price action for counter trend trades
atheer1
  • #160
  • May 26, 2016 10:21am May 26, 2016 10:21am
Quoting inoycavalera
{quote} Hi ryder, thanks for your advice. So counter trend trade is really not recommended? what about the signal at the vertical line? is it safe and clear signal since the candles is as per atheer rules and rsi below 50? ignore existing position.. {image}
This is Atheers thread, and I must be careful that I do not become guilty of distorting his trading system or taking over his thread. He is obviously a very experienced trader, and I have great respect for him. All that said, since you ask, I will give you my opinion based upon my trading style. The vertical line -- it is counter-trend so I would be careful. Would take it because RSI is below 50 and price action of the signal candle supports a bear trade. Regarding the trade which you have open, you did not wait for the signal candle to close. Again, a counter-trend trade. Right now, on the image that you posted, the signal candle is showing bull, not bear. This may change before the hour closes. That is why you wait until the signal candle closes -- so you can read the price action properly. Also, RSI is above 50, signaling bull. Good trading to you.
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