Sure I will try.
The basis of the entire system is built upon basic understanding of how basic SB captures price movement/DNA. One has to understand this 1st so we need to start here. This movement is found to be universal across ALL timeframes.
So lets examine basic SB (use Basic SB.mq4 or Basic_SB_TRO_MODIFIED_VERSION.mq4, not Basic SB D1 CC.mq4) in the most basic timeframe. M15 is chosen since it has good PTe ratio. PTe = Pip Time Efficency.
(ref :
http://kreslik.com/forums/viewtopic.php?t=2853)
I aim to look for good average pip time efficency ratio of 1. Meaning, 1 pip movement between open to close within 1 min. This way one has some idea what to expect and how long. It also improved my perception on how much the market can really give. I used to be quite unrealistic in this, like looking for 100 pips in 1 hour (but NFP doesn't occur everyday lol).
Load it up. Expand the window and zoom in. You will see 2 lines, 1 red and 1 lime.
In basic SB, it uses these calculations for the lines
Lime = Long SB -> Previous High - Current Low
Red = Short SB -> Previous Low - Current High
Observe how these lines interact with each other. When one is above the other, it means it is the dominant SB in this timeframe. When trading, try not to fight it. Its like trading with the trend. e.g. when Long SB is dominant, only look to long. Especially when it is a recent crossover (in our case here, the last 15 mins), where Short SB decides to 'let go' and let Long SB take over its place.
The very 1st basic signal to trade here would be to trade the crossover at the very moment both lines are almost touching each other. This is when price and the previous dominant SB slowed down. You can see historically it shows the trend very well, when you compare it with the chart. The rest is a little practice.
What goes up must come down, but before it comes down, it must slow down and go sideways 1st. How long it will go sideways when the lesser SB is trying to take over the current dominant SB? According to pure observation and some common sense, the higher the timeframe, the longer it will go sideways. This is why learning from M15 1st is worthwhile, due to its good PTe. We do not need to wait too long. If we learn how to tackle and handle M15 correctly, then the only thing left to solve is measuring how long the bigger timeframes take to go sideways.
I survived 6 months using M15 basic SB ALONE! Just by scalping +5 pips with a 8 pip SL. But bigger timeframes are more profitable and less stressful, so I started to experiment around.
There is a 2nd way to use the basic SB, but it is more tricker. If you noticed, upon EVERY crossover, the dominant line is pointing up. At some point, it will start to even out, dip and then lose its domainance. This is also a valid entry signal; to trade the reversal. This is especially true for larger timeframes and not so obvious on smaller ones. But you should be able to see it anyway.
The problem now is how do we know the peak? I didn't solve this problem until recently. But lets focus on the 1st signal.
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PTe = Pip Time Efficency
Long SB = Previous High - Current Low
Short SB = Previous Low - Current High
Dominant SB is Long = Long SB > Short SB
Dominant SB is Short = Short SB > Long SB
Basic SB.mq4
