MaksiGen Trading system, light Paramon - page 2

To add comments, please log in or register
Sergey Golubev
Moderator
109913
Sergey Golubev  

4th confirmation chart is the system which is similar with Nina's system. Or you may use Nina's system. It is ok as well.

Now I want to explain about what to do with the all these stuff.

Files:
paramon4.zip 10 kb
confirm4.gif 20 kb
Sergey Golubev
Moderator
109913
Sergey Golubev  

First of all we need to look at our main chart.

We will look at the J_TPO indicator, S&R lines and trend lines to estimate the right point to enter.

Files:
1_2.gif 35 kb
Sergey Golubev
Moderator
109913
Sergey Golubev  

I think there are no any problem with the main chart. We may have 1 or 2 trades on H1 during the daytime. We can also estimate the direction of the trend using this main chart.

Then we will look at the first our confirmation template.

To estimate the losses and to understand where the price is at the moment.

For example it we failed the price will go to the nearest support/resistance line (fibo or dinapoli etc) and finally may rich the static S/R line according to the ^Pivot_ResSup.mq4 indicator.

So, we know our losses.

We may trade if we have deposit enough.

Files:
2_3.gif 21 kb
Sergey Golubev
Moderator
109913
Sergey Golubev  

According to the main chart and the first confirmation it was uptrend but finally the price was stoped by resistance line (and not one even).

It is the second confirmation chart (image attached). Cloud. Flat. Waiting.

Files:
3_3.gif 29 kb
Sergey Golubev
Moderator
109913
Sergey Golubev  

According to the 3rd confirmation chart we may understand that price will reversed soon. Just an other 10 p up and will be reversed for some period of time (see Stochastic).

Or price will break the nearest resistant line (see the posts above).

Files:
4_1.gif 25 kb
Sergey Golubev
Moderator
109913
Sergey Golubev  

And, finally, the last confirmation chart.

We know that price is crossing 50EMA too late and we may take this crossing into account when the trend was established already.

But if we see on T3 Trix indicator we may understand that this uptrend was started some time ago and may be finished soon.

In other words "the price wants to go up to break the resistance line but power not enough yet. Flat." (sory for that explanation).

Files:
5.gif 20 kb
Sergey Golubev
Moderator
109913
Sergey Golubev  

Profit level and exit.

It is absolutely the same.

Just repeate all the charts once again.

We may exit on the J_TPO_Clean indicator (white line above +0.7 or below -0.7 irrespective of the profit and so on), or exit on Stochastic. I prefer J_TPO_Clean indicator. Or estimate our profit level (according to the S&R lines) and move stop loss by these S&R lines as well.

Sergey Golubev
Moderator
109913
Sergey Golubev  

Difficulties.

1. MaksiGen_KaHaJI_CkaJIneP is not showing the channels sometimes. We need right click on the chart, open 'Indicators List' and close it to see the channels.

2. J_TPO_Clean indicator is drawing the lines on historical data only and not updates itself on the new bar. We need to attach this indicator to the chart every time when we want to see something differences.

3. Dynamic S&R lines are not strong enough on M5 and M15 timeframe and that is why I selected H1 TF.

You may continue with the difficulties.

magpie
25
magpie  

Hi,

I got a copy of the J_TPO_Clean indicator off another forum, but it's not refreshing? can anyone help out a non programmer?...

cheers

Tim

Files:
Sergey Golubev
Moderator
109913
Sergey Golubev  
magpie:
Hi,

I got a copy of the J_TPO_Clean indicator off another forum, but it's not refreshing? can anyone help out a non programmer?...

cheers

Tim

It is no problem for me. I am doing it manually: attach this indicator to the chart every time.

It is very good to know that there is some indicator which is never changing itself on historical data (because drawing on historical data only).

To add comments, please log in or register