New Idea

[csbueno]

Hello,

Recentely, I got a new idea for a trading system, similar to my symple system but even better.

Ill be glad to share to those interested. So, if you want to know more about it (and like my original simple syst) write me PM

It quite easy and logic. and I`d like to share it.



Rresults on:


The mt4 stats service its not working properly lately, so, you may see it, you may not.

regards

Carlos

[flinux]

What indicators are you using ?

[csbueno]

What indicators are you using ?

Ill explain what indicators I use, but this trading can be done whitout any indi.

[csbueno]

OK. a few people ask about this system, so here it goes:


First, I have to mention that i got this idea from my past experiences and some of TRO`s concepts.


No indi can predict future movements, instead, I try to go with the flow. In this case, after price has move to a certain direction, i wait for the proce to reverse, but what is important here is the right moment of entry.


I trade in H4, and when i notice that price is reversing, I wait for the reversal candle to close. I enter when the price of the new candle reaches the lowest level of the previous candle (short) or the highest point for long.

[adaseb]

Which candle is the HLORC?
The 7th candle to the right from that bottom dip?

[csbueno]

Which candle is the HLORC?
The 7th candle to the right from that bottom dip?

Hello:

HLORC means: Highest Level Of Reversal Candle


regards

Carlos

[TheRumpledOne]

That looks like a RAT REVERSAL to me.


2) red/black candle closes

3) green/white candle closes - note the high price of the green/white candle

4) enter long at the green/white candle's high price

[csbueno]

That looks like a RAT REVERSAL to me.


2) red/black candle closes

3) green/white candle closes - note the high price of the green/white candle

4) enter long at the green/white candle's high price

It s 95% based on it, but I keep on trading past the rat zone, (25 pips ?).
I did something similar with my "simple system", but your "Rat" gave an idea of a more precise entry. I never try to take credit of your very valuable work.

I also use the TSV indi as a reference, not just the candle, but I wait for the TSV (very similar to MACD) to show a change in color, and then enter if the new candles passes the last HH o LL ( as in rat , certainly)

I always trade with the premise, that the more price moves one way, the more chances it has to move back the other way.

Regards.

Carlos

[rowdy]

Carlos,
Would you please post your indis and a template?
As usual you never disappoint. Thanks.

[csbueno]

Carlos,
Would you please post your indis and a template?
As usual you never disappoint. Thanks.

Sure.