Kreslik.com - traders community since 2006

Posted: **Tue Oct 13, 2009 12:27 pm**

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

Posted: **Tue Oct 13, 2009 3:36 pm**

another trade....

[img][img]http://i35.tinypic.com/148hyr5.gif[/img][/img]

Posted: **Thu Oct 15, 2009 2:30 pm**

Carlos,
Can I ask how long you have been trading this system for and what currencies you trade this on?
Thanks
Horizon

Posted: **Thu Oct 15, 2009 2:53 pm**

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

Posted: **Thu Oct 15, 2009 3:24 pm**

Hello Horizon,

Horizon wrote:Sorry but what do you mean by HH & LL.

I am assuming "higher highs" and "lower lows".

Ken.

Posted: **Thu Oct 15, 2009 4:07 pm**

Sometimes the answer is sooooo simple (when you know)
Thanks

Posted: **Thu Oct 15, 2009 4:30 pm**

Horizon wrote:Carlos,
Can I ask how long you have been trading this system for and what currencies you trade this on?
Thanks
Horizon

I like to use most pairs, as long the spread is not bigger thatn 7 pips.

1 hour time frame is the one i use the most.

Regards
Carlos

Posted: **Thu Oct 15, 2009 5:34 pm**

Ok, Thanks for that Carlos.
I will do some back testing and try it out.
Horizon

Posted: **Fri Oct 16, 2009 2:00 am**

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).

Posted: **Thu Jul 01, 2010 6:39 am**

wow nice system
only one qestion: how big the take profit is ?
regards
niedzwiedz

Kreslik.com - traders community since 2006

A BETTER SIMPLE SYSTEM

A BETTER SIMPLE SYSTEM