Hello Guys, i have been a visitor of these forums for a long time now. However, this is my first post. I am sharing a very simple trading system that I use. Its very simple but very powerful. The files are attached (for MetaTrader4).
Files attached are:
(Keep these two files in the experts\indicators\):
Parabolic SAR Alert
(Keep this file in the template section):
Long Entry = When the slope indicator turns blue and the SAR dots are in agreement.
Short Entry = When the slope indicator turns yellow and the SAR dots are in agreement.
Exit = When the slope indicator changes color again.
Also, keep an eye on the ADX indicator. ADX should be above 23-25.
I stay away from news announcements. I try to target 10 - 15 pips at a time depending on market conditions.
Please let me know how it works out for you. I use this on the 15 min time frame only.
Have Fun !
"Also, keep an eye on the ADX indicator. ADX should be above 23-25."Hi DannyJust out of curiosity, when you mention the ADX should be above 23-25, is this for both shorts and longs? I am not familiar with the ADX indicator as of yet - still a newbie.
Thank you Danny, I'm Asif, I often use k7420 on forums.
Danny your ADX indicator need some explanation.
And what market opening time do you trade this method?
What Pairs do you trade with this system?
The ADX above 23-25 is both for shorts or longs. The ADX indicator is a very good indicator. It tells you how strong the trend is. When the ADX dives below 23 - 25 the trend is very week. I hope this helps. You can read more on the ADX indicator buy doing a search. The ADX line to watch is the GOLD color line in my template which is also the thicker line.
I mostly trade EUR/US and EUR/JPY with this sytem. Keep in mind this works BEST at 15 min time frame. My normal trading hours are from Midnight - 6:30AM (Eastern Standard Time). I explained the ADX indicator a little to the other user rite above. You can search for more on ADX through google. Thanks and good luck trading !
Thank you, this is indeed a good system if you take 2 trades per day and don't force too much on it.
I added Simplesystem1.tpl but i can not find it in template ?
Hi there, did you save the .tpl file to your template folder? if so it should be there.... hope this helps. Thanks
i saved there but i can not find it
hi, its impossible...you must be doing something wrong. I just downloaded the file in two other computers of mine and its working fine. You should try again or ask a local friend to help you at your end. Thanks...
I tried using it on a 30 min frame and won around 60 pips.
Good job on the system