If you learnt how to trade on bull and bear market, then it is time for you to learn on how to trade Sideways Market. It is simply because it is very profitable. and it will provide you far more clearer view of market than just simply trying to read bull and bear market only.
I have received several notice from some of my clients about entering trading competition. We are more than welcome to hear your challenge for trading competition using our Price Action and Pattern Trading.
So feel free to discuss with us if you enter trading competition using our Price Action and Pattern Trading Tools. :) :)
All about Price Action Trading is timing. Patterns need to be confirmed with other indicators plus at least one candle bar in the your anticipated direction. Never enter too early and catching the right timing is real skill. From our automation experience of our Price Action and Pattern Trading strategy, we found that the pattern is even valid for some currency pairs after two candle bar is confirmed. But in general, we will recommend you to wait for one candle bars as it is more commonly used among traders. Having said, traders must understand that there are some particular currency pairs we never like to apply Price action and pattern trading strategy. This is why all our Price Action and Pattern Trading is so valuable for the selection purpose. You will learn this when you play more with our software.
It can be too technical and our sideways market detector can be used without knowing this complex statistical theory behind our indicators. However I only added this theory section for some people who are interested in statistical theory behind trading strategy.
Picture shows all our Price Action and Pattern Trading Software loaded on one charts. You can use all four indicators to make intelligent trading decision. You can also become Professional Forex Trading Instructor offering financial trading course to your customers and junior forex traders. Note that individual indicator can be used as very good standalone trading strategy for trader. To become Forex Trading Instructor, you can aim to master at least three indicators of our Price Action and Pattern Trading Software as you need to have a sophisticated trading knowledge for your students.
(Picture loaded with Harmonic Pattern Plus, Price Breakout Pattern Scanner, Harmonic Pattern Scenario Planner and Sideways Market Analyzer).
Cut Probability – you can enter from 0.01 to 0.99. The value will mostly stay between 0.05 and 0.5. This cut probability is the criteria to qualify the Sideways Movement of the current group of candle bars based on the probability distribution.
Box Buffer Pips – you can enter from 0 to 100. The value will mostly stay between 0 and 10. The pip value is the offset distance from the detected Sideways Market. This will be represented by the long horizontal line above and below the detected Sideways Market on your chart. This line can be used as the trigger point for your buy and sell orders.
Take Profit Ratio – the Ratio of your take profit pips/box height. The value will mostly stay between 1 and 3. 1 indicates that your take profit's pips are equal to the height of the box.
Lot Multiplier – Lot Multiplier is used when your previous trading hits stop loss. The value will mostly stay between 1.5 and 2.0. It is recommended to use the value less than 1.7.
Cut Probability – you can enter from 0.01 to 0.99. The value will mostly stay between 0.05 and 0.5. This cut probability is the criteria to qualify the Sideways Movement of the current group of candle bars based on the probability distribution.
Box Buffer Pips – you can enter from 0 to 100. The value will mostly stay between 0 and 10. The pip value is the offset distance from the detected Sideways Market. This will be represented by the long horizontal line above and below the detected Sideways Market on your chart. This line can be used as the trigger point for your buy and sell orders.
Take Profit Ratio – the Ratio of your take profit pips/box height. The value will mostly stay between 1 and 3. 1 indicates that your take profit's pips are equal to the height of the box.
Lot Multiplier – Lot Multiplier is used when your previous trading hits stop loss. The value will mostly stay between 1.5 and 2.0. It is recommended to use the value less than 1.7.
Hello,
Thank you for your reply.
I have one more question :
Why did'nt you made an EA instead of an indicator with this strategy ?
Why did'nt you made an EA instead of an indicator with this strategy ?
I am sure we can be successful automating this trading strategy. However there are three reasons we don't do that.
Firstly, we use this to teach and educate other traders.
Secondly, traders can make much more sophisticated trading decision based on current market outlook than robots.
Thirdly, computation for this indicators is much heavier than other EAs on the Market. So semi automation is the best choice for this kind of strategy. We don't want to produce EA take 1 week to test its settings.
New look of Sideways Market Statistical Analyzer in version 7.0. It is ready to download for you. Use the latest version 7.0. only.
Everything is self contained powerful trading system. It is simple to use and providing you all the instand access to your profitability with your current trading setup (built in back testing feature).
Please feel free to leave any questions on here.
Many more new updates on our website. Please visit it for your own goods. You can find more about Signal subscription, training course and products.
http://harmonicpattern.ucoz.co.uk/
http://fxpricebreakout.ucoz.com/
http://tradesideways.ucoz.com/
If you learnt how to trade on bull and bear market, then it is time for you to learn on how to trade Sideways Market. It is simply because it is very profitable. and it will provide you far more clearer view of market than just simply trying to read bull and bear market only.
Kind regards.
Our Price Action and Pattern Trading Strategy completed Trading competition with 8.6% profit (5% drawdown).
The EA ranked on top 10% during this competition.
You can check the resutls here:
myfxbook.com/members/FinnanceEngineer/contest-finnanceengineer/1057374
Happy Trading to everyone.
I have received several notice from some of my clients about entering trading competition. We are more than welcome to hear your challenge for trading competition using our Price Action and Pattern Trading.
So feel free to discuss with us if you enter trading competition using our Price Action and Pattern Trading Tools. :) :)
http://tradesideways.ucoz.com/index/theory/0-17
It can be too technical and our sideways market detector can be used without knowing this complex statistical theory behind our indicators. However I only added this theory section for some people who are interested in statistical theory behind trading strategy.
Picture shows all our Price Action and Pattern Trading Software loaded on one charts. You can use all four indicators to make intelligent trading decision. You can also become Professional Forex Trading Instructor offering financial trading course to your customers and junior forex traders. Note that individual indicator can be used as very good standalone trading strategy for trader. To become Forex Trading Instructor, you can aim to master at least three indicators of our Price Action and Pattern Trading Software as you need to have a sophisticated trading knowledge for your students.
(Picture loaded with Harmonic Pattern Plus, Price Breakout Pattern Scanner, Harmonic Pattern Scenario Planner and Sideways Market Analyzer).
Hello,
I'm interested in your indicator.
Could you send me details about the settings via PM please ?
Including "CutProbability" and its impact on the quality of the signal.
Thank you for your future help :)
Hello,
I'm interested in your indicator.
Could you send me details about the settings via PM please ?
Including "CutProbability" and its impact on the quality of the signal.
Thank you for your future help :)
Cur Probability is most important. For more depth information, you can visit http://tradesideways.ucoz.com/index/theory/0-17. Especially read volatility approach for cut probability.
I know the theory may be quite complex However for trading you don't need to know this complex theory.
Configuring 4 parameters take only 5 minutes for one currency pairs. Just click the up and down arrow button on your charts. :) :)
Here you can check how to trade too. http://tradesideways.ucoz.com/index/trading_instruction/0-7
Important Trading Parameters
.
Cur Probability is most important. For more depth information, you can visit http://tradesideways.ucoz.com/index/theory/0-17. Especially read volatility approach for cut probability.
I know the theory may be quite complex However for trading you don't need to know this complex theory.
Configuring 4 parameters take only 5 minutes for one currency pairs. Just click the up and down arrow button on your charts. :) :)
Here you can check how to trade too. http://tradesideways.ucoz.com/index/trading_instruction/0-7
Important Trading Parameters
Hello,
Thank you for your reply.
I have one more question :
Why did'nt you made an EA instead of an indicator with this strategy ?
Hello,
Thank you for your reply.
I have one more question :
Why did'nt you made an EA instead of an indicator with this strategy ?
I am sure we can be successful automating this trading strategy. However there are three reasons we don't do that.
Firstly, we use this to teach and educate other traders.
Secondly, traders can make much more sophisticated trading decision based on current market outlook than robots.
Thirdly, computation for this indicators is much heavier than other EAs on the Market. So semi automation is the best choice for this kind of strategy. We don't want to produce EA take 1 week to test its settings.
and in what period of use of this nrdikator - M5, M15, M30, H1.?
Hi. You can use it for any time frame. You will only need 5 minutes to configure its setting for each time frame. :) :)
Regards.
And I do not do adviser on the basis of this indicator?
We don't offer EA based on this indicators as the EA uses too heavy computation. :) :)
And how do you know the best settings for each pair?
Hi. The indicator has buttons for each parameters and dashboard on your charts.
Pleaes visit this website.
http://tradesideways.ucoz.com/
Also watch this video here. https://www.youtube.com/watch?v=-ZnfzfZ3BBk
Regards.
New look of Sideways Market Statistical Analyzer in version 7.0. It is ready to download for you. Use the latest version 7.0. only.
Everything is self contained powerful trading system. It is simple to use and providing you all the instand access to your profitability with your current trading setup (built in back testing feature).