Hit stop - but anyway took half profit at +30 and no loss on rest (+5)... like to let it drift if possible... and will learn as I go along... really liking this system
It's the ''Andrew Forex'' trading system Lisa - http://www.forexfactory.com/showthread.php?t=214635
I'm following his rules exactly except that he used 4H and I'm starting off with 1H...
He only uses 2 indicators - the dots (nonlagdot) and the line (supertrend) - I added 20 and 50 EMA.
His rule of entry is when supertrend changes color, if dots agree with trend direction, wait for one rebounce candle and place pending order 3 pips above that candle. I am going about 8 pips above 1H chart but maybe I should do exactly as he states.
I tried it 'with' ichimoku but chart was very cluttered and also the Andrew Forex signal often came earlier and I'd be there waiting for ichi to strike and gettin totally mixed up... so now me and ichi are on a trial separation... just till I try this...
Oh and yes the circles/dots print once candle closes - have to wait for candle close to get it's decision but they don't re-paint once candle closes
Yeah Lisa and I was there addin other indicators to see what would make it perfect but in the end i said to myself keep it simple and clean - so just the EMAs added... going well so far - really want to switch to 4 hour... might set that up later
Awesome Gill I downloaded the indicators I will defiantly try this
Gill where can i find the download link
and could some one guide me how to incorporate it into mt4, im kind of new to the mt platform
thanks in advance all
Trae I tried trendmagic indicator and seems exactly same as the supertrend... but I think it's his rules of entry/exit that make it good - with those ''nonlagdots'' - I didn't deviate from his rules today (apart from ignoring signal if 20 ema had not crossed 50) and got on great... On that chart above where you see the prices is an extra indicator that someone in the forexfactory forum added in - (about page 8) - it doesn't give sound alerts or emails... just visual ones - i tried to tweak it to give email alerts but it sends me about 30 for each signal so haven't got it right yet - would be nice to get email alerts for the 4h
Kay I'll help u load them to the best of my knowledge:
the link is http://www.forexfactory.com/showthread.php?t=214635
and the extra indicator with the price is page 8 of that forum
Is it repainting even after candle closes? Must watch out for that...i'm only sticking to ''andrew forex's'' rules so far - like i was sayin, mixin too many up together gets too complicated and messy sometimes. We'll see how the rest of the week goes... and if it's all lucky we'll have to see how the following week goes hehe.. and if they keep bein lucky i'll start lookin up the jaguar websites... hehe - but yes I think it may have been luck I saw two magpies this morning
thanks Gill, its firstname.lastname@example.org washing, OH i meant trading ;)
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