It is the thread about indicators concerning Mandarine system in general.
You can use these indicators to follow your trades with Mandarine Ea., what i am working on is an all in one system for manual trading, right now its in very baby stages now and in need of a lot of work but will be posting it either here or start another thread, it will have the mandarine indicator of course, with fibpivots, another indicator(right now testing nonlagHeiken Ashi), with Avg. range,and will be calling TSD calender, this is all in one indicator, but like i said in very beta stages now.Some pictures kinda showing what i'm talking about to give you an idea, explains it much better than me!!
I traded using this indicator.
GBPUSD, H1 timeframe.
Other pairs did not have any signals today.
You can see from the images:
And it is the results.
So, I found that 1 way to use this indicator is the same one as I used in asctrend thread here: https://www.mql5.com/en/forum/174756 - trading from pivot line.
Meaning: everything which is above pivot is uptrend, below pivot line is downtrend. If the signal came near pivot line so it is very strong signals about trend continuing, or, as in most of the cases - trend reversal (for H1 timferame).
later on I will try to summarize my experience for this indicator and this system about the rules and so on.
And may be we can have something good written here.
I see this system as very improved asctrend fro elite section https://www.mql5.com/en/forum/174756
But asctrend is ery complicated system.
And this Mandarine system is very simple for trading and understanding.
The other way is the same as in EA: trading when price/MA is between s1-s3 or r1r3 Fibo lines.
But this case will be explained on the other thread concering EA https://www.mql5.com/en/forum/180089
So, tomorrow I will try to describe about EA https://www.mql5.com/en/forum/180089 about how to instal, explanation of the system, how to trade, timeframe, settings and more.
And I will change old version of Mandarine to this new one https://www.mql5.com/en/forum/180088 for forward testing with few settins.
After that it may be good to define the rules to trade this system manually with indicator.
So, we are having 2 ways to trade:
- from/to pivot line (same as I traded for asctrend elite manually for the long time).
- within s1-s3 or r1-r3 (same as coded inside EA).
Here is very,preliminary version of indicator in picture above!!
I closed the trade in profit yesterday but early ... but with profit. It is how the movement was today for GBPUSD:
Just few more trades for today:
It is the statement:
Still working on improvements for this indicator, this is latest.You need T3_basic for this version.
Know it looks like Dolly in a way now but trying to avoid that look, not that there is anything wrong with that look just want Mandarine to have a different look.
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