Hello:
Ill like to share You another easy and profitable way to trade.
Im attaching a template and a few indicators. some are TRO´s. and I found others on the internet. (none of the indis are mine)
[img][img]http://i35.tinypic.com/am5gtj.jpg[/img][/img]
The rules are:
find red or blue dot
wait for an arrow that confirms the change in price direction and that the arrow matches a change in colormacd (red dot red arrow and blue dot and green arrow)
Open trade only when the candle has close.
never go against D1 candle
check RSI
use it on H4 or H1.
SL is the HH or the LL, usually where the decision dot is.
regards
Carlos
A BETTER SIMPLE SYSTEM
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A BETTER SIMPLE SYSTEM
Last edited by csbueno on Mon Feb 21, 2011 2:25 pm, edited 3 times in total.
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- Horizon
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Carlos,
One more thing. I am not sure I understand your exit strategy. Sorry but what do you mean by HH & LL.
Do you use a stop loss? I imagine you do but what kind on this kind of timeframe. I am used to looking at 15 minutes or 30 minutes. 1H and 4H seems long to me but I like your system and want to test it out.
Thanks
Horizon
One more thing. I am not sure I understand your exit strategy. Sorry but what do you mean by HH & LL.
Do you use a stop loss? I imagine you do but what kind on this kind of timeframe. I am used to looking at 15 minutes or 30 minutes. 1H and 4H seems long to me but I like your system and want to test it out.
Thanks
Horizon
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Thank you.
It's rather simple.
But green arrow and blue dot - a bit
of confusion to me.
I'm re-writing mq4 to have them both green arrow.
In fact, it's more good to have one more final arrow -
so to enter in long trade, when all 3 arrows are green
(or just leave only one final candle, why wait and think -
I'll leave these functions to indicator).
It's rather simple.
But green arrow and blue dot - a bit
of confusion to me.
I'm re-writing mq4 to have them both green arrow.
In fact, it's more good to have one more final arrow -
so to enter in long trade, when all 3 arrows are green
(or just leave only one final candle, why wait and think -
I'll leave these functions to indicator).
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