The set of indicators create a system the set of system's create a new method or suggestion for trading
Mode1 or mode2
(mode2) Is the same system but Clean chart
The method is used in M15 Brain Trend1 & Brain Trend1sig is who decides long or short, any time the price below or avobe XPMA50 or the price cross up or cross down XPMA50. Go short only if the price is below or cross XPMA50 & be sure Madro-9 and RVI are pointing the same way & go Long only if the price is avobe or cross XPMA50 & be sure Madro-9 and RVI are pointing the same way take profit to the next Resistence or next Support. Keep goin to the seccond Support or Resistence only if aNina croos up or down
Things to remember that Brain Trend1 need to be blue to go long & Red to go short Green mean Wait, don't trade, stop etc etc. Never is to late, hit and run, (if you see profit take it!)
Madro-9 is the manager of filter the entry, RVI is the indicator in charge of defining the trend in the moment to decide if go long or short. We use FIVO (PIVO) to determine when to go out Resistance and support (the First Target) Resistance and Support 2 (Second Target) TSR is the one that determines Daily average range don't try to go above of this range. Enter short or long inside the daily range only.
This method is optional once definite the entry set two pending orders with a separation between 15 to 34 pips with increases of 1.5 or set up DLM 1.1 (MANUAL) Take profit 40 traling stop 15 maximum open trades 3 manual mode pips 15 or 34 up to you etc etc..
It is necessary to point out that this method would not be possible if not had discipline, patience and especially. great common sense.
I give a thanks to the whole people who in an indirect way contributed with this method
Alejandro Galindo, Girl, iGor, Linuxser, Mrtools, cja, Nina, Coders Guru, Musso, Newdigital, Madro, fxbs, Kalenzo, Ogeima, raduga, C0Rpus, CHANGE2002, STEPAN, SERSH, Derk Wehler.
Looks Like Some People Have Little Problems With The News Indicator
A Good Day
A Good Day GoLive & DLM Make tha Week today
No matter what the indicators say, we will always wait for the candle completion, is that correct?
Many thanks to AQUILEZ for sharing as usual.
I have setup the template, but I tried 3 times to make sense of the rules and I dont grasp it. Can somebody revise the rules in plain english?
Thank you again!
No need to say sorry
English is not my first language also, and it took me a while to express myself in english too, hehe.
What I make out of it so far:
If price above xpma look for long setups, if below look for short.
BT1 signal and BT trend confirmed by closed bar.
Madro closed blue.
RVI showing uptrend.
vice versa for short.
if all conditions agree open a position at market price.
if long position place buy order 2x the size of original position 30 pips below first position
place a second buy order 4x the size 60 pips below first position
TP at 40 for all orders with 15 trailing stop.
5. Cancel not yet executed orders when TP for active positions reached or trailing stop hit
How does it sound?
The perfect signal & the fake signal
Sound good to me, thank you Dan S