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  • #61
  • Nov 17, 2016 4:38pm Nov 17, 2016 4:38pm
Quoting wizlon32
{quote} Good stuff jcat. Really glad it's working for you. Please feel free to share some of your trades with an explanation.

I don't do anything special, I used your system. I did add a stochastic, and used it for divergence. However, I am seeing the same divergence on the RSI 3, so it may be that I can take off the Stochs.


This is the E/U chart. I did not take all of these trades, but I did take 3 of them. The RSI 3 going back below 50 (turns red on my chart) is a great place to get in. I enter 1 pip below that candle. All of the "checks" I put on my chart would have been good trades 10+ pips. The green X, would have gone positive, also, but my 1 pip below the last candle entry, wouldn't have let me take it, AND you can see the RSI 3 turns back to green. (again the trade goes positive pips).

The other indicator I added is the RSI color bar at the bottom. That is my RSI 14. Very clear whether it is over 50 or below. It says "45 and 55" but it is adjustable.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 59 KB
Attached File(s)
File Type: ex4 RSI Custom.ex4   8 KB | 374 downloads
  • #62
  • Nov 17, 2016 5:08pm Nov 17, 2016 5:08pm
Quoting jcat
{quote} I don't do anything special, I used your system. I did add a stochastic, and used it for divergence. However, I am seeing the same divergence on the RSI 3, so it may be that I can take off the Stochs. This is the E/U chart. I did not take all of these trades, but I did take 3 of them. The RSI 3 going back below 50 (turns red on my chart) is a great place to get in. I enter 1 pip below that candle. All of the "checks" I put on my chart would have been good trades 10+ pips. The green X, would have gone positive, also, but my 1 pip below the...
Thanks for your chart and explanation.

To me your template looks almost unrecognisable. I can see that yours basically has the same indicators as me but I find it quite hard to read. If we all use the same template it will make things much easier. I hope you understand.

Please refer to post 40. This is not an ego thing on my part. I genuinely want this thread to proceed with us all singing off the same page and the template is essential for that in my opinion.

However I do quite like your 14 RSI colour indicator. But stochastic wil rob your money
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  • #63
  • Nov 17, 2016 5:24pm Nov 17, 2016 5:24pm
Quoting wizlon32
{quote} Thanks for your chart and explanation. To me your template looks almost unrecognisable. I can see that yours basically has the same indicators as me but I find it quite hard to read. If we all use the same template it will make things much easier. I hope you understand. Please refer to post 40. This is not an ego thing on my part. I genuinely want this thread to proceed with us all singing off the same page and the template is essential for that in my opinion. However I do quite like your 14 RSI colour indicator. But stochastic wil rob your...
Understood, the less confusion the better. I set up my RSI 3 with the Histogram, because it was easier for me to read.


I tried 30 min charts today, with the HTF MA as 4 hr (multiplied them up with your math). 30 min and 4 hr go together well. Caught 2 big moves on the swissy/yen. Whatever the combo you came up with, works.

Thanks again.
  • #64
  • Nov 17, 2016 11:10pm Nov 17, 2016 11:10pm
Quoting wizlon32
Here is another example of the Dashboard. It is USDCHF. The chart TF is H1. Ignore the arrows for now - as I said above somewhere the 3 RSI can turn on a dime so I think it may be best to only consider the arrow once you identify an opportunity i.e a bull /bear sandwich on a specific TF. Basically though this shows you that you probably want to be trading long. You can see thaat there is a LTF pullback starting because the LTF lights are turning red. I am not saying that this will turn in to a good trading opportunity, but it could. I am not monitoring...
Hi Wizlon,
Would you be kind enough to explain the steps involved to get the dashboard onto the chart as you have shown.Been trying with the template you have posted but on applying the RSI template the chart disappears and only the dashboard is seen.
  • #65
  • Edited 11:41pm Nov 17, 2016 11:18pm | Edited 11:41pm
Quoting ckselvan
{quote} Hi Wizlon, Would you be kind enough to explain the steps involved to get the dashboard onto the chart as you have shown.Been trying with the template you have posted but on applying the RSI template the chart disappears and only the dashboard is seen.
Welcome ckselvan.
No problem. I will upload the template for you soon.

Edit: Here it is. Just remember to go in to the both of the MTF RSI Dashboard indicators and change the settings to match the chart you are looking at. The other indicator has an option to work only on the current pair (and you can't change the colours) so you shouldn'thave to alter that one unless you want to move it.

Attached File(s)
File Type: tpl RSI Dash On Chart.tpl   67 KB | 377 downloads
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  • #66
  • Nov 17, 2016 11:27pm Nov 17, 2016 11:27pm
Quoting jcat
{quote} Understood, the less confusion the better. I set up my RSI 3 with the Histogram, because it was easier for me to read. I tried 30 min charts today, with the HTF MA as 4 hr (multiplied them up with your math). 30 min and 4 hr go together well. Caught 2 big moves on the swissy/yen. Whatever the combo you came up with, works. Thanks again.
Thanks for your understanding. And well done for trying different TF and MA combinations!

I was looking at M5 with the 30 minute MAs yesterday which also looked ok. As you have pointed out, this works on any TF.

You could even use HTF MAs of Timeframes that do not come with MT4 as standard. Maybe H2 or H6. I haven't got that far yet though.

I am currently working on something else which will be the icing on the cake. The best bit of all. Once lots of us have managed to grasp the basics and starts winning with the system regularly I will share my idea.
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  • #67
  • Nov 18, 2016 12:06am Nov 18, 2016 12:06am
As you will have noticed I also use volume and volume candles in my own trading. I am not even close to being an expert in volume analysis but I know enough to give me an insight as to that the big money players might be up to. I recommended a pdf in post 1 called PVSRA. This is not a PVSRA thread but I would consider the knowledge that I gained from that pdf (and from studying some of those threads) to be right up there in terms of importance to my trading. Out of respect for those threads and those who have taken the time, and are still taking the time to teach PVSRA I am not going to upload the pdf here but I am taking the time to recommend it again because it is worth it.

It is not required for this system because this system it is not based in any way on volume analysis, but if you want to grow as a trader it is worth looking for and studying.
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  • #68
  • Nov 18, 2016 1:32am Nov 18, 2016 1:32am
Quoting wizlon32
{quote} Ictrader11, Welcome. I refer you to post 17 where I explain the use of the pink RSI line. it does not matter if it is flat. it is actually a smoothed moving average so it can be flatish much of the time.what matters is whether it is above Or below the 50 level.
Totally Agree; I am happy as long as it is above/below the 50-Line.

Trade well!.
  • #69
  • Nov 18, 2016 1:50am Nov 18, 2016 1:50am
NZDUSD - H1

Stalking NZDUSD, looking for SHORT Entry...

Trade well.
  • #70
  • Nov 18, 2016 2:15am Nov 18, 2016 2:15am
A few opportunities for entry here; can you spot them?

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-1.png Size: 28 KB


Trade well!.
  • #71
  • Nov 18, 2016 2:41am Nov 18, 2016 2:41am
Quoting wizlon32
{quote} Welcome ckselvan. No problem. I will upload the template for you soon. Edit: Here it is. Just remember to go in to the both of the MTF RSI Dashboard indicators and change the settings to match the chart you are looking at. The other indicator has an option to work only on the current pair (and you can't change the colours) so you shouldn'thave to alter that one unless you want to move it. {file}
Dear Wizlon,
Thanks for the template.But sorry,I have to bother you again.On applying the template this is what I get on the screen.The dahboard is missing.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 302 KB
  • #72
  • Nov 18, 2016 4:03am Nov 18, 2016 4:03am
Quoting ckselvan
{quote} Dear Wizlon, Thanks for the template.But sorry,I have to bother you again.On applying the template this is what I get on the screen.The dahboard is missing. {image}
No problem you are not bothering me. I take it you have got the RSI dashboard indicators in your indicators folder and not in a sub folder? if you have them in a sub folder you need to copy them to the main indicator folder.

Also go into the 14RSI properties and change the colour to none.
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  • #73
  • Edited 5:16am Nov 18, 2016 4:55am | Edited 5:16am
GU H1 possible short opportunity

H4 looks mixed though RSI window says possible sell. HTF MAs say we may still be long.

Personally I like the look of the short trade but you never know.

Wait for the signal.
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  • #74
  • Nov 18, 2016 6:22am Nov 18, 2016 6:22am
Quoting wizlon32
GU H1 possible short opportunity H4 looks mixed though RSI window says possible sell. HTF MAs say we may still be long. Personally I like the look of the short trade but you never know. Wait for the signal.
GU H1

Why did I look at thisa pair? I got an MA Cross alert on my phone as I was working.

Thats me for this week. I am about to drive 300 miles to spend the weekend with my family. It is my son's 8th Birthday on Sunday.

Have a good weekend everyone. Hope to see you back next week.

P.S I took out the blue andmaroon boxes from the RSI window. They really were quite horrible on the eyes.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 60 KB
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  • #75
  • Nov 18, 2016 6:29am Nov 18, 2016 6:29am
Quoting wizlon32
{quote} GU H1 Why did I look at thisa pair? I got an MA Cross alert on my phone as I was working. Thats me for this week. I am about to drive 300 miles to spend the weekend with my family. It is my son's 8th Birthday on Sunday. Have a good weekend everyone. Hope to see you back next week. P.S I took out the blue andmaroon boxes from the RSI window. They really were quite horrible on the eyes. {image}
I must tell you...I quite like those boxes

Have a good weekend.

Trade Well!.
  • #76
  • Edited 7:11am Nov 18, 2016 6:35am | Edited 7:11am
Quoting wizlon32
667.1% return so far this week using this system.
Wizlon,
Just to be sure. This means that when you started for example with $1000, you now have almost $7000 in your account.
In just 1 week. Is this correct ?
  • #77
  • Nov 18, 2016 6:57am Nov 18, 2016 6:57am
Hello Wizlon, I can know how ecome alarms imposed?

Thanks
  • #78
  • Nov 18, 2016 7:02am Nov 18, 2016 7:02am
Have a great weekend Wizlon !!!!
cheers !!!
  • #79
  • Nov 18, 2016 7:50am Nov 18, 2016 7:50am
Hi Wizlon,
Excellent thread you have here. Just started following it and I'm trying to get my charts/profiles set up.

Quick question regarding the MA cross alerts indicator. Which MAs do you have the alerts set on for both the M5 and H1 charts?

From reading your previous posts it looks like you have on the M5 an alert set for 10EMA crossing the 30LWMA (nearest eqivalent to 10EMA of 10EMA). Is that correct and is it the same for the H1 chart? Do you have any alerts set for the HTF MAs crossing or just use the dashboard for trend direction?

Thanks
  • #80
  • Nov 18, 2016 7:57am Nov 18, 2016 7:57am
Quoting rexio
{quote} Wizlon, Just to be sure. This means that when you started for example with $1000, you now have almost $7000 in your account. In just 1 week. Is this correct ?
Yes your maths is right.but that was a couple of days ago. This screen shot taken just now on my phone is for the purpose of promoting my system.

I started with just 60 at the beginning of the week for your info.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-11-18-14-05-49.jpg Size: 187 KB
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