BrainSystem: Setup Questions - page 5

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mancai
57
mancai  

Thanks for your reply and I am reading it

While I read the trading rule, I have few question that need to understand

Buy.

BT2sig buy together with BT1sig buy or BT1Stop buy on the same closed bar.

OR

BT1sig buy together with BT2sig buy or BT2Stop buy on the same closed bar.

This uptrend should be confirmed by Stochastic (on the same closed bar) and by I-XO (on the same closed bar or just wait one closed bar more for the confirmation).

Sell.

BT2sig sell together with BT1sig sell or BT1Stop sell on the same closed bar.

OR

BT1sig sell together with BT2sig sell or BT2Stop sell on the same closed bar.

This downtrend should be confirmed by Stochastic (on the same closed bar) and by I-XO (on the same closed bar or just wait one closed bar more for the confirmation).

Exit on SAR.

"same closed bar" is referring to ...? May I know how to confirm with Stochastic & I-XO ?

And SAR indicator is at top and bottom of the price line, for example, if we start buy, so the exit point will be the 1st SAR at bottom of price line?

Sergey Golubev
Moderator
110881
Sergey Golubev  

This thread about rules https://www.mql5.com/en/forum/173181

Close bar is bar #1. Previous bar. See previous posts for the description.

For example, you see the signals on open bar. You are waiting intill this bar will be closed. So, it will be closed bar or previous bar or bar #1. New bar will be opened. Number is new bar is bar #0. You had the signal on previous bar (=bar #1 = close bar).

Thus, when new bar is open so you should look at previous bar with the signal for confirmation. I-XO indicator is understandable (by color). Confirmation by Stochastic for buy: Stochastic is on uptrend moving from 25 level or any level you selected.

As to exit so there are many kinds of exit and it was described on this thread https://www.mql5.com/en/forum/172939

exit point will be the 1st SAR at bottom of price line

We are trading on the close bar.

Close bar = previous bar = bar #1.

The signals, confirmation and exit should be on bar #1. Previous bar. In case of open order: we open order on the next bar from the signal. Exit: we should have exit by indicators or any on bar #1 as well and next bar is open - and we are closing the order.

"Trading on close bar" are not my words. It means the following: bar with the signal, confirmation, exit or any should be closed. It is well-known terminology. All signal systems (asctrend, labtrend and so on) are trading on close bar.

Sergey Golubev
Moderator
110881
Sergey Golubev  

Most of exit rules (not all of them, just most of them) are related to stop loss mving by trailing stop. So, when you open the order the main task for you is to move stop loss. Exit on Parabolic SAR is related to stop loss moving by trailing stop.

Sergey Golubev
Moderator
110881
Sergey Golubev  

It is one of the example now.

Today:

EURUSD - no any signals;

GBPUSD - no any signals;

USDJPY - no any signals;

USDCHF - just one trade with about +30 pips in profit (open the order next from the signal bar - means - trading on close bar).

Files:
Sergey Golubev
Moderator
110881
Sergey Golubev  
newdigital:
Sometimes I am not trading some pair. I open the chart and understand that it is not my week this week: I will not trade this pair. How can I understand it? You will see it if you open the chart and will not find any objective laws about what you see on the chart by indicators. You can open the chart with Ichimoku indicator (D1 and W1 timeframes) and if price is inside Ichimoku cloud so it is better not to trade this pair this week. Few weeks ago it was for GBPUSD. Now - for EURUSD.

And it is just the examples about what I said here. There were no any signals for buy or sell withing trading hours. It is just an example.

It is EURUSD:

It is GBPUSD:

Just imagine that we will have good buy or sell confirmed for GBPUSD. And I will look at the history of the week and will see the chart as I posted here ... so I will not open the order.

Sergey Golubev
Moderator
110881
Sergey Golubev  
newdigital:
...You can open the chart with Ichimoku indicator (D1 and W1 timeframes) and if price is inside Ichimoku cloud so it is better not to trade this pair this week. Few weeks ago it was for GBPUSD. Now - for EURUSD.

It is the examples with EURUSD H4 timeframe (AbsoluteStrength indicator is on not trading condition - not buy and not sell):

EURUSD D1 timeframe (price is inside Ichimoku cloud - Ichimoku indicator, default settings, D1 timeframe):

and GBPUSD D1 timeframe (AbsoluteStrength indicator is on not trading condition - not buy and not sell):

AbsoluteStrength indicator and all the talking about how to estimate market condition using this indicator: read this thread https://www.mql5.com/en/forum/general (it is somewhere in the middle or in the end of the thread with images and description).

I am sorry - I do not want to complicate this subject but everybody knows that I am always using some other systems or indicators for technical analysis or to estimate the market condition. Because if you do not have time so it is always important to know in the beginning of the week: will you trade this pair this week or not.

So, I am suggesting to use technical analysis as well because it will save time a lot and it is necessary sometimes for signals system.

PS. What is "signal system"? It is when you see some dot or arrow on the chart and you must open the order only because you see this dot or arrow on the chart fully relying on indicators. So, it is necessary to use other technical analysis every day when using any signal system (if we do not want to rely on the dots so much).

Sergey Golubev
Moderator
110881
Sergey Golubev  

Some people are asking about where to find Braintrading M30 version.

Look at this post to download indicators and install them on Metatrader, and finally you should got the charts similar with this one and this one.

bh4v1k
66
bh4v1k  

So hows it going?

Hi all, Just wondering how well this systems working for those of you who are using it. Big thanks to newdigital for all your hard work and yes like you said in your previous post its important that market analysis is done prior to following the dots/arrows.

Regards

bh4v1k

Li BingKun
25
Li BingKun  
newdigital:
Please find attached indicators and template for M30 timeframe as many people requested.

Edited:

27th of March 2008: Igorad fixed all-in-one indicator and alert was added.

Alert settings:

AlertMode = 0; //0-off,1-warning mode,2-alert mode

Hi,ND.

In the two Zip file,I find three folders. What's the differences of this three folders?Should i put all the indicator in the "C:\Program Files\MetaTrader4\experts\indicators "?

Sergey Golubev
Moderator
110881
Sergey Golubev  

Yes, it is written on this post about how to install https://www.mql5.com/en/forum/173139/page2

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