Good profit making system (need feedbacks from experts and experience traders)

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Hi all,

I have started trading in forex from last sis months. I have seen so many EA's, indicators and finally am settle on simple yet profit making system.

feedback/suggestion welcome!!

this system works on range bars and bollinger band

open any chart and apply range bar indicator on that, tick on allow dll imports, in inputs make bar height = 500 (in 5didit broker) and time-frame =5, open offline chart..

apply bollinger band period=12, deviation=2, shift=o, apply to= close.

setup is done..

now buy= when bar close above middle Bband

sl= if bar close below middle Bband

target= 250,300,350,400,450,500 pips (make it divide in 5 parts)

same for short position..

I am working on this system and I think its good, as I told I am new in forex trading suggestion/feedback will treated very seriously.

thank yourangebar_e.ex4

Files:
rangebar_e.ex4  68 kb
 

Looks interesting

This reminds me of Renko bars where they do not change from time but rather from change in price. Looks worthwhile to test out. I will test it this week and post my results. Thanks for posting.

 
ketan_one:
Hi all,

I have started trading in forex from last sis months. I have seen so many EA's, indicators and finally am settle on simple yet profit making system.

feedback/suggestion welcome!!

this system works on range bars and bollinger band

open any chart and apply range bar indicator on that, tick on allow dll imports, in inputs make bar height = 500 (in 5didit broker) and time-frame =5, open offline chart..

apply bollinger band period=12, deviation=2, shift=o, apply to= close.

I've followed your instructions to the letter and do not see range bars on my chart.

Please post screen shot and advise.

Rob

 
ketan_one:
Hi all,

I have started trading in forex from last sis months. I have seen so many EA's, indicators and finally am settle on simple yet profit making system.

feedback/suggestion welcome!!

this system works on range bars and bollinger band

open any chart and apply range bar indicator on that, tick on allow dll imports, in inputs make bar height = 500 (in 5didit broker) and time-frame =5, open offline chart..

apply bollinger band period=12, deviation=2, shift=o, apply to= close.

setup is done..

now buy= when bar close above middle Bband

sl= if bar close below middle Bband

target= 250,300,350,400,450,500 pips (make it divide in 5 parts)

same for short position..

I am working on this system and I think its good, as I told I am new in forex trading suggestion/feedback will treated very seriously.

thank yourangebar_e.ex4

Please share your backtest of this strategy

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