New Idea

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csbueno
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New Idea

Postby csbueno » Tue Dec 08, 2009 7:06 pm

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.

Image

Rresults on:


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

regards

Carlos
Last edited by csbueno on Mon Feb 21, 2011 2:20 pm, edited 1 time in total.

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flinux
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Postby flinux » Tue Dec 08, 2009 9:30 pm

What indicators are you using ?
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csbueno
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indicators

Postby csbueno » Tue Dec 08, 2009 11:01 pm

flinux wrote:What indicators are you using ?



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

csbueno
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Postby csbueno » Tue Dec 08, 2009 11:20 pm

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.



Image

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adaseb
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Postby adaseb » Tue Dec 08, 2009 11:33 pm

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

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csbueno
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Postby csbueno » Tue Dec 08, 2009 11:56 pm

adaseb wrote: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

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 09, 2009 5:05 am

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 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.

csbueno
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Postby csbueno » Wed Dec 09, 2009 5:32 am

TheRumpledOne wrote: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

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rowdy
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Postby rowdy » Wed Dec 09, 2009 11:45 am

Carlos,
Would you please post your indis and a template?
As usual you never disappoint. Thanks.
All I need is Supply and Demand

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Template and Indicators

Postby csbueno » Wed Dec 09, 2009 2:45 pm

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



Sure.
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Templates and Indis.
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