Well working Trading System ! - page 69
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Friday:
There is some theory that the market is moved on abnormal way on Friday because of news events or/and something. So, many traders do not want to put their money onto unpredictable risk.
Monday. Same situation: market is moved by continuation of the previous week trend/situation started from Tuesday only. On Monday - something between Friday slowly turning to usual situation.
January. Same case. Besides - market is very volatile because many big traders are going away from the market for vacation for example. Means: even medium sized trader with few billion dollars can move the market on any side
December. Same case.
Summer?
Same. Vacation time. Not many money on the merket and the market can be very volatile.
So, the situastion is not good really ...
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There are 2 EAs on this elite section based on this theory: Trade on Friday EA and Trade on Monday EA. Trade on Friday EA is good one.
I am testing email alert for this system:
TrendRSX trading system is on this post.
Mladen created indicator which is sending email message for this system for sell or buy signal (according to the condition of this system). So, I am testing it now. If it works so I will post this email indicator.
Because in this case - it will be very comfortable to receive email message about buy or sell signal other than to look at metatrader all the time. This system is not trading often so email may be fine.I updated the post with this system uploading the email alert indicator and add siome more explanation.
Please - go for update here:
TrendRSX trading system is on this post.
Just to remind:
Well working Trading System (H4 timeframe):
- original thread is here;
- system indicators: Range_v2 and v2.1 (modified Price Channel for MTF), TrendEnvelopes_v1 and v1.1 with sound alert (modified Envelopes with trend view), TrendStrength_v1 (modified AbsoluteStrength with trend view), fixed and updated TrendStrength_v1.1 and MTF TrendStrength_v1.1, TrendRSI indicator, and some next versions of the indicators are here including MAofHA_v1 and AddSignal_v1, TrendStrength_v2.2 (identical with VT version).
- TrendEnvelopeExpert EA is here: it is very advanced EA with many modes for enter and exit switching between many indicators.
- TrendStrengthExpert_v2 EA: trading manually and explanation starting from this page till this one.
- TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
And this one is new:
TrendRSX trading system is on this post.
-------------
It is updated visual (forward trading) statement, TrendEnvelopeExpert_v2.2 EA, for EURUSD, M15 timeframe:
Just to remind:
Well working Trading System (H4 timeframe):
- original thread is here;
- system indicators: Range_v2 and v2.1 (modified Price Channel for MTF), TrendEnvelopes_v1 and v1.1 with sound alert (modified Envelopes with trend view), TrendStrength_v1 (modified AbsoluteStrength with trend view), fixed and updated TrendStrength_v1.1 and MTF TrendStrength_v1.1, TrendRSI indicator, and some next versions of the indicators are here including MAofHA_v1 and AddSignal_v1, TrendStrength_v2.2 (identical with VT version).
- TrendEnvelopeExpert EA is here: it is very advanced EA with many modes for enter and exit switching between many indicators.
- TrendStrengthExpert_v2 EA: trading manually and explanation starting from this page till this one.
- TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
And this one is new:
TrendRSX trading system is on this post.
TrendRSX
Installation.
1. Unzip trendRSX zip file. You will find 7 indicators, 2 dll files and 1 template file:
- indicators - TrendEnvelopes_v2, rsx, RSI channel, MaksiGen_Range_Move, i-ParamonWorkTime, Fourier Extrapolation of full SSA normalized and Trend envelopes & rsx inverted.
- dll files - libSSA.dll and Fourier extrapolation.dll
- template file - wellworking22m15_1.tpl
2. Place 7 indicators in indicators' folder of your metatrader's directory, for example: C:\Program Files\FXCM MT4 powered by BT\experts\indicators
Compile them in MetaEditor.
3. Place 2 dll files in library folder, for example: C:\Program Files\FXCM MT4 powered by BT\experts\libraries
4. Place 1 template file in template folder. Please note - there are 2 template folders so do not be confused with it - place it on the forder which is located on the metatrader's directory, for example: C:\Program Files\FXCM MT4 powered by BT\templates
5. Open Metatrader, open chart M15 timeframe, right mouse click on the chart (any place) and select 'Template - wellworking22m15_1'.
You will see the chart like that:
I uised this system with EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, NZDUSD, EURAUD, EURJPY, GBPJPY, XAU_USD, USOIL (all - FXCM broker), and for XAUEUR, CADJPY, XAUUSD (Alpari).
Trading rulles.
1. Trading on the closed bar M15 timeframe. It means: bar with the signal/crossing should be closed and the trade should be open on new bar.
2. Buy if blue dot of TrendEnvelopes_v2 are on the same bar with rsx level below 30.
Sell if orange dot of TrendEnvelopes_v2 are with confirmation with rsx level above 70.
other indicators are optional: read started with this page 64 (post #632 till this post about how to use optional indicators).
Follow colored bars made by Trend envelopes & rsx inverted for more direction.
3. Please note: it is the system of 2 indicators only - TrendEnvelopes_v2 and rsx. Other indicators are optional (you can use them or not - up to you).
4. Trend envelopes & rsx inverted indicator is coloring the bars according to the rules of this system. Besides - we can setup email alert. To receive email on the condition of this system - in Metatrader: go to 'Tools' - 'Options' - Email' and configure your email. Please note: email alert will be sent to your email address only if metatrader is connected with the broker, and chart is open by template with indicators. Example: you open EURUSD M15 chart and used template - indicators were loaded on the chart. In this case - you will receive email alert from EURUSD pair to your email address. Need alert for the other pair? Do the same: open the other chart with the other pair, use template. Email alert is having the following format (as an example):
M15 EURJPY at 23:00:02 trend envelopes & rsx signal down
5. Exit from sell if rsx came to below 30; from buy - if rsx are above 70. Those exit rules are such as 'first exit level'. You can use any indicators for exit incl optional indicators. But rsx indicator is the first one to be considered for exit.
Examples with exit:
-----------------------
Trend Envelopesvv indicator was created for MT5 -
Trend Envelopes - indicator for MetaTrader 5
Just to remind:
Well working Trading System (H4 timeframe):
- original thread is here;
- system indicators: Range_v2 and v2.1 (modified Price Channel for MTF), TrendEnvelopes_v1 and v1.1 with sound alert (modified Envelopes with trend view), TrendStrength_v1 (modified AbsoluteStrength with trend view), fixed and updated TrendStrength_v1.1 and MTF TrendStrength_v1.1, TrendRSI indicator, and some next versions of the indicators are here including MAofHA_v1 and AddSignal_v1, TrendStrength_v2.2 (identical with VT version).
- TrendEnvelopeExpert EA is here: it is very advanced EA with many modes for enter and exit switching between many indicators.
- TrendStrengthExpert_v2 EA: trading manually and explanation starting from this page till this one.
- TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
And this one is new:
TrendRSX trading system is on this post.
-------------
It is updated visual (forward trading) statement, TrendEnvelopeExpert_v2.2 EA, for EURUSD, M15 timeframe:
Just to remind:
Well working Trading System (H4 timeframe):
- original thread is here;
- system indicators: Range_v2 and v2.1 (modified Price Channel for MTF), TrendEnvelopes_v1 and v1.1 with sound alert (modified Envelopes with trend view), TrendStrength_v1 (modified AbsoluteStrength with trend view), fixed and updated TrendStrength_v1.1 and MTF TrendStrength_v1.1, TrendRSI indicator, and some next versions of the indicators are here including MAofHA_v1 and AddSignal_v1, TrendStrength_v2.2 (identical with VT version).
- TrendEnvelopeExpert EA is here: it is very advanced EA with many modes for enter and exit switching between many indicators.
- TrendStrengthExpert_v2 EA: trading manually and explanation starting from this page till this one.
- TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
And this one is new:
TrendRSX trading system is on this post.
-------------
It is updated visual (forward trading) statement, TrendEnvelopeExpert_v2.2 EA, for EURUSD, M15 timeframe:
New Digital. Are you still trading the TrendRSX trading system on the 15min? Have you tried it on larger Time Frames yet or do you recomend the 15 Min? Another question would be is there still a plan in the works for a EA for the TrendRSX trading system.
I hope to see more of the TrendRSX trading system in action. thanks
Yes, I am having the server (same with VPS), and Metatrader with the charts with this system, and Metatrader is sending the email message to me on every buy or sell signal coming (Trend envelopes & rsx inverted indicartor of this system are acting as "the system email alert").
I did not try for more higher timeframe but it may be good to try.
Just to remind:
Well working Trading System (H4 timeframe):
- original thread is here;
- system indicators: Range_v2 and v2.1 (modified Price Channel for MTF), TrendEnvelopes_v1 and v1.1 with sound alert (modified Envelopes with trend view), TrendStrength_v1 (modified AbsoluteStrength with trend view), fixed and updated TrendStrength_v1.1 and MTF TrendStrength_v1.1, TrendRSI indicator, and some next versions of the indicators are here including MAofHA_v1 and AddSignal_v1, TrendStrength_v2.2 (identical with VT version).
- TrendEnvelopeExpert EA is here: it is very advanced EA with many modes for enter and exit switching between many indicators.
- TrendStrengthExpert_v2 EA: trading manually and explanation starting from this page till this one.
- TrendEnvelopeExpert_v2.2 EA: trading manually and explanation starting from this page till this one.
And this one is new:
TrendRSX trading system is on this post.
-------------
It is updated visual (forward trading) statement, TrendEnvelopeExpert_v2.2 EA, for EURUSD, M15 timeframe: