2020 MT4 MOTHERLODE

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LeMercenaire
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Re: 2020 MT4 MOTHERLODE

Postby LeMercenaire » Mon Jun 29, 2020 3:24 pm

TheRumpledOne wrote:TRO001.png

WalMal template attached.


What are the tiny red dots?

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TheRumpledOne
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Re: 2020 MT4 MOTHERLODE

Postby TheRumpledOne » Mon Jun 29, 2020 5:06 pm

TRO002.png
TRO002.png (45.31 KiB) Viewed 139 times



The magenta diamonds are the previous candle's midpoint.

"Middots" are used as a bias.

1) If price opens above the middot, ok to go long. If price opens below middot, ok to go short. This is usually done after a new high or new low has been put in. Works well with the 3_Level_ZZ indicator.

2) Once you are in a trade, FOLLOW THE DOTS! Stay in the long trade until price closes below the middot. Stay in the short trade until price closes above the middot. Of course, if you hit your TP or more, take it off the table - don't be greedy!

The above works well on the M1 and M5 for scalping. If you are a swing trader, look at D1!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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LeMercenaire
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Re: 2020 MT4 MOTHERLODE

Postby LeMercenaire » Mon Jun 29, 2020 5:15 pm

TheRumpledOne wrote:TRO002.png


The magenta diamonds are the previous candle's midpoint.

"Middots" are used as a bias.

1) If price opens above the middot, ok to go long. If price opens below middot, ok to go short. This is usually done after a new high or new low has been put in. Works well with the 3_Level_ZZ indicator.

2) Once you are in a trade, FOLLOW THE DOTS! Stay in the long trade until price closes below the middot. Stay in the short trade until price closes above the middot. Of course, if you hit your TP or more, take it off the table - don't be greedy!

The above works well on the M1 and M5 for scalping. If you are a swing trader, look at D1!


Gotcha. Now I remember you talking to someone about using Mid-Dots as a Bias. Cheers!

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TheRumpledOne
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Re: 2020 MT4 MOTHERLODE

Postby TheRumpledOne » Mon Jun 29, 2020 5:19 pm

TRO001.png
TRO001.png (50.13 KiB) Viewed 136 times


Example that just happened.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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