Trendline Scalping System
- Joined Jun 2017 | Status: Trader | 2,038 Posts
Arrows on Gold M5 today.
MetaTrader 4 - so many advantages.
Now my indicator is working fine. So this is my setup. {image} RF_TMTalert_V2. This is the core. Every time you get a yellow arrow, then you can draw a line as Swilliam does. And you can take the trade if you like what you see. Look at post #1849 for the function description. Note that I added CCI(14) to the indicator. I never trade without allowance from a CCI. RFManualTrade A very simple trade manager that I made for Puztafie. I like it so much that I am using it in stead of my more complicated trade manager. Put in the amount of Lots that you...
edit: never mind have figured it out
Trade what you see, not what you think
- Joined Jun 2017 | Status: Trader | 2,038 Posts
{quote} Yes I set, but always only short colour (purple)
MetaTrader 4 - so many advantages.
- Joined Jun 2017 | Status: Trader | 2,038 Posts
{quote} Yes I set, but always only short colour (purple)
MetaTrader 4 - so many advantages.
- Joined Jun 2017 | Status: Trader | 2,038 Posts
{quote} I did that. It does not work. You still need to select the trades manually. Say you get a signal, but it show the way through a double top, so it turn out to be false. The EA didn't see that. Then I made a lot of filters, but it then made to few trades and still not profitable. So this strategy is good. But your precense is needed. The most important thing is, as usual to find the right pair to trade. A pair that will be trending nicely. At the end of the day, you know which pairs you should have traded, but it is harder to know on beforehand....
I then close down pairs where those MA's show weeknes. Then I typically have around 10 pairs of interest. Then just watch how they are doing.
Note that I have made the prices a line in stead of bars. That is so much more informative.
MetaTrader 4 - so many advantages.
