Here I use another chart that, maybe, can be useful for you. I use some indicators friendly use such as :
- Moving Average 48, sample, open price
- Magnified Market Price
And I designed it's template, Mr. Gain.tpl
How to use it :
- U can Sell if sign of SHI SilverTrendSig appears on top and price going down below Tenkan-Sen lines of Ichimoku (Aqua color).
- U can Buy if sign of SHI SilverTrendSig appears on bottom and price going up above Tenkan-Sen lines of Ichimoku (Aqua color).
- I think this is very very follow the trend and can reduce the swing before u decide to enter position. Ofcourse, you must see the longterm trend before. The trend shown by iGentorLSMA&EMA (blue lines below for BUY or yellow lines below for SELL) and/or moving average parameter 48, open price, simple.
Now, you will see that trade by this chart is very easy and nice. How do you think, friends?
Okey, I'm waiting 4 your reply.
Have a nice day, and happy new year.
The templates and some added indicators
Here are the templates and some added indicators.
This is the charts
Thanks for share your system here, can u explain about TP and SL ?
Forex Indicators Collection
Moved to Suggestions...
You are quite new here. But you need to realize that the system or strategy that you show here exist by indicators that are all nearly as old as an MT4 platform and some of them are as old as the forex exchange.
It is a system that is trying to chase the price with the help of laging indicators and is bound to fail on the long term. Because it will perform well in nice trend with nice and clear reversals but will perform very bad on profit and emotions once you get in consolidation markets. And there ar more of them then trend periods.
If you look back in the history of this forum you will find at least severall hundred systems that have more or less the same principal or more or less the same indicators.
If I would say to you: forget about all trend following indicators, just trade the price itself. If price goes up go long if price goes donw go short.
You will say that doesn't work because it will give to much false signals.
Mixing trend following indicators in one simple strategy want help you any step further because they will have the same effect. If you give them very small value's you will have a lot of false signals on the smallest retracement and if you give them bigger value's you will be to late in your positions in consolidation markets. And there is no way in between.
If I can help you a little bit, as long as you will try to chase behind the price on the long term you will feel like a turtle that tries to chase a rabit.
Even if you make a cocktail with 15 indicators.
Yes it's all true,and that is one of the best posts regarding trading systems that I seen since I joined this GREAT forum!
can you add on indicators
I have seen your username in a lot of different places. Your post here is true, chasing with indicators is always doomed to fail. But as you said, so is the price action method.
So what have you found that works?
Nice discussion is going on and thanks for the above information, it's really useful.
nice to see post , but many similar systems around all over this forum
find a system that works for you and stick to it ... keep the faith