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Just some good news - PriceChannel_Stop indicator was totally improved:
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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
valid 1
MetaTrader Trading Platform Screenshots
USDJPY, H1, 2013.05.15
MetaQuotes Software Corp., MetaTrader 5, Demo
valid 2
MetaTrader Trading Platform Screenshots
USDCHF, H1, 2013.05.15
MetaQuotes Software Corp., MetaTrader 5, Demo
valid 3
I will explain the rules about this system later this week.
This is 43 pips in profit for now with very low stop loss value:
MetaTrader Trading Platform Screenshots
EURUSD, M30, 2013.05.15
MetaQuotes Software Corp., MetaTrader 5, Demo
43 pips
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 ?
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 ?
yes, the rules are the following: if big circle of pricechannel is read color and iTrend is above the level on the same bar and red color too - open sell trade when this bar will be closed. Stop loss is the circle moved to traling stop which is those lines (little points).
And what about candle coloring ?
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):
MetaTrader Trading Platform Screenshots
USDJPY, M15, 2013.05.16
MetaQuotes Software Corp., MetaTrader 5, Demo
usdjpy m15 bw