no system/trader is profitable all the time — the PriceTimeMovement is IRREGULAR
a given fixed B/S set of criteria will produce losses, however, if there are more winners
than losers and/or individual trades profits are greater than losses, the system 'works'
Forex TSD| Metatrader Indicators and Experts Advisors
register at forex-tsd and explore the site and note that 'systems' aren't limited to the forum
'Manual trading systems', many systems can be found amongst the 'Indicators - Metatrader'
forum and elsewhere
since I don't use the MT4 'Expert Advisors' I don't read those threads and don't know how
successful or not any EA might be, BUT, my recommendation is to NEVER purchase an
MT4 EA or System without first researching it via forums such as forex-tsd; often the code
originates on such forums, and/or, someone has translated the EA/System and created a
version of it and posted it — for free, on the forum
there are now thousands of MT4 indicators and EAs which are free and many systems that
'work' judging by the Posts quantity; go slowly, there's a LOT of info to review, in fact record
threads/pages/names of systems and/or indicators you download so you can easily find
them again, so much info is available and often indicators in particular are posted within
threads or appear for instance in 'MTF Indicators' — not as dedicated posts
imo trade 2 accounts, first Day-to-Days/Weeks, second if you've the time/interest a 'scalp'
system where trades last a few minutes to a couple of hours
my primary method is based on the Fibonacci and Standard Error Channels tools, works for
me tho better for longer term trading
now, MT4 coders have imo created a LOT of chart eyecandy to the extent that price bars are
obscured when some systems/users spread a couple of dozen indicators over MT4 —
less is more appears to be unknown to many — trading the indicators rather than the Price
I've been looking for a short term/scalp method, a Green light/Red light system that doesn't
require thinking or analysis — 'just enter the appropriate order when the light comes on'
here's a very simple system I discovered this week but haven't yet traded; several traders
have traded the system and reported positive results — it works:
'The Buy Zone Trading System' by TheRumpledOne - TRO
method, results and indicators can be found here: kreslik.com - Traders Community :: Index
register to download, view: 'TheRumpledOne' and 'MetaTrader 4 platform' forums
I see that TRO has finally posted here on T2W and while I expect him to provide a lot more
info than I plan on providing, I'll nevertheless leave this post intact
attached:
the first chart shows 2 Buy Zone indicators on a one minute chart, the 'History' is just used
so you can see how the 'BZ everyhour' performed previously and isn't used while trading
white vertical lines are the new hour and the white horizontal lines indicate the Open price
for that hour, blue horizontal lines are the Buy zone, red horizontal lines the Sell zone . . . .
"Go long on green (bull) candle in the long zone, short on red (bear) candle in short zone."
the second chart illustrates the same 2 indicators plus the white Retracement fibo from the
previous 60min H to L, and yellow Correction fibo from the H seen on the chart to white fibo
L (white fibo is deleted after yellow fibo is drawn); stoch is a test at 20 10 3
TRO doesn't use 'squiggly' lines so may not appreciate this chart ; ) even at extremes they
can't be relied upon, tho they - stochs 'may' help keep one in a trade longer
I'm 110% confident in the usefulness of fibos
stay tuned
a given fixed B/S set of criteria will produce losses, however, if there are more winners
than losers and/or individual trades profits are greater than losses, the system 'works'
Forex TSD| Metatrader Indicators and Experts Advisors
register at forex-tsd and explore the site and note that 'systems' aren't limited to the forum
'Manual trading systems', many systems can be found amongst the 'Indicators - Metatrader'
forum and elsewhere
since I don't use the MT4 'Expert Advisors' I don't read those threads and don't know how
successful or not any EA might be, BUT, my recommendation is to NEVER purchase an
MT4 EA or System without first researching it via forums such as forex-tsd; often the code
originates on such forums, and/or, someone has translated the EA/System and created a
version of it and posted it — for free, on the forum
there are now thousands of MT4 indicators and EAs which are free and many systems that
'work' judging by the Posts quantity; go slowly, there's a LOT of info to review, in fact record
threads/pages/names of systems and/or indicators you download so you can easily find
them again, so much info is available and often indicators in particular are posted within
threads or appear for instance in 'MTF Indicators' — not as dedicated posts
imo trade 2 accounts, first Day-to-Days/Weeks, second if you've the time/interest a 'scalp'
system where trades last a few minutes to a couple of hours
my primary method is based on the Fibonacci and Standard Error Channels tools, works for
me tho better for longer term trading
now, MT4 coders have imo created a LOT of chart eyecandy to the extent that price bars are
obscured when some systems/users spread a couple of dozen indicators over MT4 —
less is more appears to be unknown to many — trading the indicators rather than the Price
I've been looking for a short term/scalp method, a Green light/Red light system that doesn't
require thinking or analysis — 'just enter the appropriate order when the light comes on'
here's a very simple system I discovered this week but haven't yet traded; several traders
have traded the system and reported positive results — it works:
'The Buy Zone Trading System' by TheRumpledOne - TRO
method, results and indicators can be found here: kreslik.com - Traders Community :: Index
register to download, view: 'TheRumpledOne' and 'MetaTrader 4 platform' forums
I see that TRO has finally posted here on T2W and while I expect him to provide a lot more
info than I plan on providing, I'll nevertheless leave this post intact
attached:
the first chart shows 2 Buy Zone indicators on a one minute chart, the 'History' is just used
so you can see how the 'BZ everyhour' performed previously and isn't used while trading
white vertical lines are the new hour and the white horizontal lines indicate the Open price
for that hour, blue horizontal lines are the Buy zone, red horizontal lines the Sell zone . . . .
"Go long on green (bull) candle in the long zone, short on red (bear) candle in short zone."
the second chart illustrates the same 2 indicators plus the white Retracement fibo from the
previous 60min H to L, and yellow Correction fibo from the H seen on the chart to white fibo
L (white fibo is deleted after yellow fibo is drawn); stoch is a test at 20 10 3
TRO doesn't use 'squiggly' lines so may not appreciate this chart ; ) even at extremes they
can't be relied upon, tho they - stochs 'may' help keep one in a trade longer
I'm 110% confident in the usefulness of fibos
stay tuned
