easy 20pips
Attachment 10011sometimes ago i requested from Mladen to make mtf of this indicator for me as elite member. it has help me indeed. this indicator doesn't retrace and redrawn. it is good for signal generations and especially for the newbies. friends, 20pips daily at the end of the year would help a lots.
in the diagram below,i pointed to the usage of this indicator. when it crosses, wait for the candle to close and enter at the next bar. never take the signal/entry when it does not cross at the middle. this is because it serves as a retracement. the brokers can do nothing about it. i optimized the settings for one hour timeframe. i have used it for sometimes now and i tell you this is a garantee 20pips, enjoy!!!!!!!!!!!!!
Last edited by rosijitosin; 25-09-2011 at 08:36 AM.
Thanks for your sharing
Dear rosijitosin thanks for your sharing, this indicators looks good
but as other indicators it not 100% so its good if you share about SL how much pips should we place, and second if you know is there a way by which we can stop us to enter in wronge trade.
regards
Mujtaba
Hello
Dear rosijitosin thanks for your sharing, as u said u modified the settings according to ur trading style.. can u upload the version with the original settings...
And kindly also provide a manual or a brief description of some imp rules so as to how to trade this... it looks easy but their has to be some descrition....
CAD line is not drawing.. i set it to true but its not happening.. can u rectify it ?
Thank u very much...
Last edited by psaini1973; 25-09-2011 at 01:50 PM.
are you sure it isn't repaint? because you are using h4 on the h1 chart and you must wait for 4 candle for entering order without repaint
I don't usually bother with indies but this would be an interesting project to start tomorrow.
Let's see if we can use it to make a few pips.
Anyone wanting to join in? These things do need testing!!
A new week and a new system...
this is the original version of the indicator attached here. for further studies here is the link for the concept behind it. enjoy
http://onix-trade.net/forum/index.php?showtopic=107
sorry mate, the reason why the others don't work is the way i think it has been programmed. any programmer in the forum can work on this and make it work.
also it does't repaint because if u notice that it crosses after 4h had confirm it.
now let me make this clear, the reason i think and i stand to be corrected for using higher timeframe as far as this indicator is concern, is to give us a reasonable price movement (pips). to be honest it gives more than 20pips. i say 20pips just to keep it simple.
i always laugh when i here the notion of stoploss. but normally i will say based on my trading personalty and tolerance, i put my stoploss at the end of daily range. here i enclose the daily range indicator am using.
i hope this picture explained about stoploss, entry and how to avoid bad trade. either macd or rsi can be used depend on our choice. but if each can make sure momentum is backing it up, that is is above 0 or 50 in case of rsi.
Why this indi can't show on my chart? Anyone can help?
What did you do with it? Maybe you didn't put it in the right place.Originally Posted by alphine
It shows on my chart well
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