I am a part-time trader and trade almost everything. I love chart analysis and to program simple setups and indicators for clear trend movements. Always looking for an obvious trend in H4, I trade after own setups and signals from my own Indicators on H1.
The following strategies are old-fashioned and often found in the Internet in many variations, all of them refer to the trend-follower. In principle, higher timeframes, supports and resistances, as well as the daily news are important and need your attantion - never without.
I chose these strategies, because my momentum indicators and my reversal-indilator are good examples of their use.
These are just examples of trend-following systems, they do not constitute a recommendation to buy or sell. My indicators also describe certain market situations only, no decisions for trading.
Please act smart, think about a risk management that suits you and is applied and controlled by yourself.
... und weiter geht es, der Momentum-Solo wird demnächst mit einem größeren Update erscheinen; es steht nun ein eigener Server mit zuverlässiger Bandbreite zur Verfügung, fast alle Seiten wurde bereits neu aufgesetzt; meine Seite wird es zukünftig wieder zusätzlich in deutscher Sprache geben - https://clausforex.com/, hierzu bitte ich um Geduld, danke dafür; das Thema bleibt weiterhin "weniger ist mehr", das heißt ich werde das Rad nicht neu erfinden und beschränke mich auf die Programmierung von Indikatoren für die technische Chart-Analyse, für Grundlagen, Wirtschaftskalender und Foren gibt es bereits viele andere Seiten rund um den Globus; ein schönes Wochenende wünscht Euch Claus Dietrich;
... and it goes on, the Momentum-Solo will soon appear with a bigger update; It now has its own server with reliable bandwidth available, almost all pages have already been reset; My site will be back in German in the future - https://clausforex.com/, I ask for patience, thanks for that; The topic remains "less is more," meaning that I will not reinvent the wheel and limit myself to the programming of indicators for the technical chart analysis, for basics, economic calendars and forums, there are already many other sites around the world ; A nice weekend wishes you Claus Dietrich
> pre Settings = customize
> GMT Shift = -1
> 1 Box aktive
> Beginn = 01:59
> End = 07:59
> Trading-Session-End = 15:59
M5 chart with my "Breakout Box"
> defaul Settings + GMT Shift = -1
M5 Chart + Momentum-Solo
> Momentum close to Trend only = true
> Trend MA = 5
> MA Mode = Exponential
> MA Price long = High price
> MA Price short = Low price
> Trend MA II = 576
> MA Mode II = Exponential
- if the intrument does not fill the following conditions, I scann the next one
- I look for a clear movement in a certain direction (trend is your friend)
- the same trend-direction on H1 and H4 (trend is your friend)
- candle closes above / below the channel on H1 and H4
- the Trend MA II stands as my filter for the higher TF
- the candle must be close to the ema on H1 and H4
- I trade during EU and US Session
- M5 => the signal-candle must come through the channel or is very close to it
- watch support- and resistance- levels
please let me mention my following answer to one of the most important Questions, about "optimum set up":
... I like channels to reduce noise and I look after the trend in higher time-frames. For the noise I filter with an 5'ema high price and an 5'ema low price and filter the trend of the higher time-frame with an 48'ema. I use 12 instead of 48, to get the corrections / pull-backs as well (.. that's much more dangerous), so please stays smart and reduce your risk.
Settings for MT4 Indicator #Momentum-Solo:
- Momentum close to Trend only=true
- Trend MA=5
- MA Mode=Exponential
- MA Price long=High price
- MA Price short=Low price
- Trend MA II=48
- MA Mode II=Exponential
- MA Price II=Close price
It's time for the MT4 Indicator #Momentum-Solo to go further and look closer to certain markets. The indicator gets an "Correlation-Setting" for two instruments. That means the correlation-pairs need to move into the same direction to confirme a signal of strong momentum.
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