Just some good news - PriceChannel_Stop indicator was totally improved:
I will upload this indicator later this week. Thus, for now - this system (Brainwashing manual trading system system) is complete. All I need to od here is to explain the rules about how to trade and to provide trading examples.
This indicator (PriceChannel_Stop_v9) is uploaded to this post
Just for information
So, before uploading the rules here - I want to upload the images with valid trading signals:
MetaTrader Trading Platform Screenshots
EURUSD, M30, 2013.05.15
MetaQuotes Software Corp., MetaTrader 5, Demo
USDJPY, H1, 2013.05.15
USDCHF, H1, 2013.05.15
This is 43 pips in profit for now with very low stop loss value:
So the rules is open a trade when pricechannel show a big circle, confirmed by iTrend, right ? SL is given by pricechannel. What about TP ? How are you using the colored candle in the main chart ? What is the meaning of the little point within pricechannel ?
This is example of good entry (I am traduing this system manually today for few pairs) - USDJPY M15.
We can see iTrend color, and it was above level on the bar with big dot, besides - i moved stop loss on right place ... so - it is good example of good entry (+13 pips in profit for now):
USDJPY, M15, 2013.05.16
usdjpy m15 bw