MMIS.
I have put together 3 indicators plus the 50EMA and came up with a system.
It is actually something new so please don't ask whether it works or not, just try it. Also if you can come up with rules of your own that work, share with all.
tnx.
These indicators only work with EURUSD 1hr. This is the restriction from the authors because these indis are not free.
But don't worry this is actually good for us because it will keep us focused on 1 timeframe and 1 currency.
Now everything I say here is just a suggestion. Try it on demo don't use it on real account.
I have to say beforehand that this is not a scalping system; if you come up with a way to scalp using these indis let us know.
so below you will see the chart and link for template and indis(I hate when people drag it on before postint inids and templates. its just stupid)
The arrows on chart belong to the indicator all the way at the bottom CEF Scalper. It is up to you to wait for those arrows before taking a trade, however you can take a trade without those arrows present, CEF scalper is just an extra filter you don't have to use it.
Its really simple. When bermaui is yellow dont trade.
when bermaui is red, CEF Auction is red and the price is below 50 EMA we look for sells. when these conditions are met you could either wait for CEF scalper to give a sell arrow or simply wait for a pull back than close below last candle to enter. You could also be extra careful and let the price bounce off 50 ema and close low.
for buys just reverse the sell conditions. that's it.
most important: for stop losses you should choose a number you are comfortable with, try not to choose 5 pips or 15 pips . Try to go for daily atr or daily atrx2 but limit your positions size(risk%). The reason I say this is when the above conditions are met the price fluctuates up and down but in the end you end up with a winner when the opposite signal comes on. If you are in a sizable profit(1xatr or 2xatr or more) start trailing to the latest high/low.
let me know what you guys think.
tnx.
p.s. I dunno about the CEF scalper but the others do not repaint( I used bluefx tester) but I'm no expert so if you are good with testing these things let everyone know.
I have put together 3 indicators plus the 50EMA and came up with a system.
It is actually something new so please don't ask whether it works or not, just try it. Also if you can come up with rules of your own that work, share with all.
tnx.
These indicators only work with EURUSD 1hr. This is the restriction from the authors because these indis are not free.
But don't worry this is actually good for us because it will keep us focused on 1 timeframe and 1 currency.
Now everything I say here is just a suggestion. Try it on demo don't use it on real account.
I have to say beforehand that this is not a scalping system; if you come up with a way to scalp using these indis let us know.
so below you will see the chart and link for template and indis(I hate when people drag it on before postint inids and templates. its just stupid)
The arrows on chart belong to the indicator all the way at the bottom CEF Scalper. It is up to you to wait for those arrows before taking a trade, however you can take a trade without those arrows present, CEF scalper is just an extra filter you don't have to use it.
Its really simple. When bermaui is yellow dont trade.
when bermaui is red, CEF Auction is red and the price is below 50 EMA we look for sells. when these conditions are met you could either wait for CEF scalper to give a sell arrow or simply wait for a pull back than close below last candle to enter. You could also be extra careful and let the price bounce off 50 ema and close low.
for buys just reverse the sell conditions. that's it.
most important: for stop losses you should choose a number you are comfortable with, try not to choose 5 pips or 15 pips . Try to go for daily atr or daily atrx2 but limit your positions size(risk%). The reason I say this is when the above conditions are met the price fluctuates up and down but in the end you end up with a winner when the opposite signal comes on. If you are in a sizable profit(1xatr or 2xatr or more) start trailing to the latest high/low.
let me know what you guys think.
tnx.
p.s. I dunno about the CEF scalper but the others do not repaint( I used bluefx tester) but I'm no expert so if you are good with testing these things let everyone know.
Attached File(s)
Bermaui Deviation Percent Demo.ex4
161 KB
|
510 downloads
CEF Auction Level Lite.ex4
60 KB
|
435 downloads
CEF Scalper Pro Lite.ex4
33 KB
|
473 downloads
eurusd1hr.tpl
529 KB
|
396 downloads