Download MetaTrader 5

Tuning a system to pinpoint breakouts at the very start of a cycle, but also the start of dumb money volatility near the end of a cycle.

To add comments, please log in or register
mickwiggins
74
mickwiggins  
Here's a system I've been workin on for quite some time.  Feel free to take advantage of it, but make sure you give me some thoughts to try and enhance it.
pavaka
4414
pavaka  
wiggo75:
Here's a system I've been workin on for quite some time.  Feel free to take advantage of it, but make sure you give me some thoughts to try and enhance it.
makes me nervous
mickwiggins
74
mickwiggins  
Pava:
makes me nervous
Here's a good remedy to that problem Pava.....probably the only one come to think of it.
Files:
no stress.png 82 kb
pavaka
4414
pavaka  
wiggo75:
Here's a good remedy to that problem Pava.....probably the only one come to think of it.
I'm scared of dark places
mickwiggins
74
mickwiggins  

Only take trades when the large red 40 stoch is moving in a direction, or more effectively, when the two faster red stochastics show that there's going to be a direction change with the 40.   Notice that the highest price action takes place when the  green and yellow koufer cycle has gone above 65 line or bellow 35 line, just prior to reversal.  I call that the stoploss kill zone......The harder it pushes against the 0 or 100 line prior to reversal breakout, the quicker you'll be stopped out if you're too early.......Wait for symphonie indicator to signal whilst keeping an eye on the red stochastics.  

A prime area to watch for the greatest price action is when blue dynamic zone stoch indi is bouncing off the slower red upper and lower dzs, whilst keeping an eye on the three red stochastics, again, for that direction change.  Also for the greatest price action, the white bb will squeeze up on the DZS........wait for the SEI  v3 signal, notice the direction of the red stochs, or that possible change according to the faster red stochs, wait for the bar to close, and get ready for action.  The i-shark overbought/oversold indi overlaid with the SEI v3 works with that as well.

The SEI v3 does repaint, but you'll notice that with a back test, the history dots are still potentially profitable, make sure you're always looking back to the 1 min chart to know when to cut trade, using the same system in reverse.  Come up with your own stoploss system.  I use Bemac trademanager, it's free.   

I like to use the fast moving blue and white RSI Lido to really define the direction of the volatility, where all the weight is in real time, it tells me early if i've jumped in too prematurely judging by where the volatility is in its pendulum action.

 If you can master dumb money volatility trades just prior to reversals, focus on those trades at the normally worst times, ie, in the morning. Trade reversals primarily, at the normally good times.  

As always, only take trades as close as possible to the bar close.

------------------------------------------------------------------ 

 Be wise as serpents, and harmless as doves.

mickwiggins
74
mickwiggins  
dmnik
132
dmnik  

In the template there is a complete system.

Picture-such

 


Specter075000
150
Specter075000  
DMNIK:

In the template there is a complete system.

Picture-such

 


Yepp, please complete the tpl.

xard777
1243
xard777  
wiggo75:
Here's a system I've been workin on for quite some time.  Feel free to take advantage of it, but make sure you give me some thoughts to try and enhance it.

Hi There, Very impressed with your setup... I like the way you think!... Nice.

Keep up the good work.

Xard777 

Files:
ABC.png 332 kb
mickwiggins
74
mickwiggins  
DMNIK:

In the template there is a complete system.

Picture-such

 


Probably a stupid question....but you've placed all the indis iv'e posted in the right folder, right?
Files:
abc main.tpl 25 kb
mickwiggins
74
mickwiggins  
Notice the false signal being on the wrong side of the grey i-shark line.  The red stochs are clearly heading downwards sharply.  the encircled yellow and green koufer indi area is the dumb money zone.  The price drops sharply directly prior to the end of the 5 minute cycle as the koufer line pushes hard against the 0 line.  refer to 1 minute chart always, especially as the koufer and the RSI lido start arcing.
1234
To add comments, please log in or register