Indicator Based Systems with good profit
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2013.09.20 08:21
Summaries :
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- How to Start with MT5, a summary !
- All (not yet) about Strategy Tester, Optimization and Cloud
- ASCTREND SYSTEM summary (incl 2 good EAs)
- BRAINTRADING SYSTEM HowTo
- PriceChannel Parabolic system (incl 2 versions of the EA)
- Market Condition Evaluation (2 EAs were created)
- Ichimoku
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Financial and trading videos - Table of Contents
- All about Calendar tab and Macro Economic Events
- All about MQL5 Wizard : create robots without programming
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2013.07.05 13:41
If you new to forex and/or Metatrader 5 so you can start with this thread : How to Start with MT5, a summary !
As to templates and systems so you can see :
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ASCTREND SYSTEM
The Theory.
- the history of the development and the meaining of asctrend
- asctrend system vs braintrading system: pros and cons
- Asctrend indicator in MT5 Codebase
- trading on open bar' and 'trading on close bar' concept
- Re-enter: practical example about how to trade asctrend manually with re-enter options.
- basic trading rules for asctrend system
- detailed rules for asctrend: practical illustration of asctrend concept
- Nick Rypock Trailing Reverse indicator as a standard filter for asctrend: the theory.
- first metatrader statement for this system using just one asctrend indicator only.
- Next MT5 statement with this system (manual trading).
- Trading's continuing - one more MT5 statement.
- Next updating MT5 statement.
First version of AsctrendND EA.
- How to install.
- optimization results for M15 timeframe for EURUSD, GBPUSD, USDCHF and USDJPY;
- backtesting results and settings for EURUSD M15 timeframe;
- optimization results for this EA for EURUSD H4 using Balance + max Sharpe ration;
- backtesting results with the settings 'Balance + Sharpe ratio', EURUSD H4;
- optimization results of this EA with EURUSD M15 timeframe;
- backtesting and the settings for EURUSD M15 with max Sharpe ratio;
- this is the other settings which may be some preliminary settings for martingale version;
- the other optimization results for GBPUSD M15
- optimization results for EURUSD M15 (for 1 year), every tick, slow complete ..., for Balance max;
- results for backtesting and the settings for EURUSD M15 timeframe, for one year with 2 indicators as the filters: NRTR Color Line and TrendStrength;
- optimization results for GBPUSD M15 for 1 year - the results and set file are attached;
- backtesting results and the settings for GBPUSD M15;
- optimization results for one year for EURUSD H1 timeframe with Balance + max Sharpe ratio;
- backtesting results with the settings for this EURUSD H1 with Balance + max Sharpe;
- BrainTrending indicators to download with template.
- Rules to trade manually
- How to install
How To Create Your Own Manual Trading Signal System Based On Indicators From MT5 CodeBase - Instruction For Non-Programmers
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PriceChannel Parabolic system
PriceChannel Parabolic system basic edition
- indicators and template to download for black background (first post of this thread)
- PriceChannel indicator is on CodeBase here, same for white background, how to install
- Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT
- pricechannel_parabolic_system_v1 EA
- pricechannel_parabolic_system_v1_1 EA with updated indicator
- Fully updated EA with trading system is on this post and latest indicators to download
- tp/sl levels and timeframes
- how to trade with explanation
- graphical illustration about where to enter and where to exit with latest version of the system
- how to use AFL Winner indicator with more explanation,
- Updated manual system with templates and indicators - this post
- optimization results for this EA for EURUSD H4
- backtesting results for EURUSD H4 with the settings #1
- backtesting results for EURUSD H4 with the settings #2
- optimization results for EURUSD M15
- backtesting results for EURUSD M15 with the settings #1
- optimization results for GBPUSD M15
- backtesting results for GBPUSD M15 with the settings #1
- MT5 statement is here
- Updated statement is here
- More trading updates
- Updated MT5 statement
- More updates
- 811 dollars for 3 trading days and final statement for scalping
- statement (77 dollars in less than 1 hour)
- statement (517 dollars for one day)
- first statement
- updated statement (257 dollars in 2 days)
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Market Condition Evaluation
story/thread was started from here/different thread
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Market condition- the theory with examples (primary trend, secondary trend) - read staring from this post till this one
- Summary about market condition theory is on this post
- Practical examples about every market condition case by indicators: starting from this page till this one
- trendstrength_v2 indicator is here,
- AbsoluteStrength indicator is here
- AbsoluteStrengthMarket indicator is here to download.
- good feature in Metatrader 5: moving stop loss/take profit by mouse on the chart (video about howto)
3 Stoch MaFibo trading system for M5 and M1 timeframe
- trading examples
- template to download
- explanation how to trade and more explanation here
- how to install
- 2stochm_v4 EA is on this post.
PriceChannel ColorPar Ichi system.
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MaksiGen trading system
- indicator to download
- some explanation about the system in general how to use
- Trading examples with MT5 statement, more trading is here.
Merrill's patterns are on this page.
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Divergence - how to use, explanation and where to read about.
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Scalp_net trading system
- template/indicators and how to use are on this comment.
- scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
- possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
MTF systems
more to follow ...
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Thank you very much. However, it seems that these are complicated system, or may I be mistaken.
And- How can I use the MT5- My broker uses MT4.
Again, thanks.
Thank you very much. However, it seems that these are complicated system, or may I be mistaken.
And- How can I use the MT5- My broker uses MT4.
Again, thanks.
Some systems are very famous popular systems (and they are proven to be profitable) which were transfered from MT4 to MT5.
And those systems are very good for newbies; professional traders are using those systems to recover the deposit after losses for example.
As to MT5 so download MT5 (see the links below this page), click on open account on MT5 on the left, and open an account (you can select the broker by typing the broker's name in some place on 'Open Account' window).
You need to find out what kind of trader you are... have you been trading on a DEMO account? You really need to start there and see how the different trading styles work and then find a reliable indicator that does not repaint. When you look at some indicators they have perfect records in the past because the indicator adjusts so that all the profits show and all the losses disappear.
You can't get any perfect indicator, they all have losses sometimes. The best is if you look to see what the real entry and exit is with these indicators (or any EA for that matter) and see if they really generate tradeable signals after your slippage and spread.
One way of checking indicators is to use one or two commodities or currency pairs and make 2 or 3 charts for each CFD or pair. Then put different indicators on each chart so you can compare them.
Another way is check out the trading records of people who post their trades in their profile. You can get an idea of some of the strategies and indicators.
Don't start by spending a lot of money on indicators.
I trade on price action--Renko charts. I sometimes use indicators as place indicators but the strategy is the Renko bars themselves along with daily charts with some trading experience.
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Hi All!
I need your help about trading with indicators. Many indicators seem to be very profitable when you see them in charts but from my short experience I am afraid from some problems, therefore I would like to ask you how exactly you are trading it.
My friend found some good indicators and we started trading with them. Many times the price is going on the expected direction and making nice profit. Then suddenly reverses and a great part of the profit vanishes. How can I avoid it? How are you working- are you setting Stop Loss and Take Profit. Where are you setting them? Are you looking at support and ressistance levels? Fibo? Pivot Points? Anything else that I should know as a novice trader?
There is another way to ask my question: Some professional traders write that when they traded with indicators they didn't succeed well or didn't succeed at all, and since they started trading using price action or candlestick patterns they make nice profit.
Is there anyone who can defend indicators from this attack?
Is there any indicator-based system that makes good profit?
What do I mean by saying "good profit"?
For example: A system, not too complex, for trading about 20 pairs, looking at the charts once a day. The system will make 20 trades per month, reward to risk 2:1, success rate 60-70%. Not too much, but if I risk 2% of my account per trade I can make a profit of 30-40% per month, which is a nice way to turn a thousand dollars into million in 20-30 months. Not bad at all.
Since I am novice, please answer me as more detailed as can be, and I thank you very much.