MTF Schaff Trend w/ Alerts
To my trading partners,
I wish you a great day! The system I'm showing you is one I've used many times and it's been tested with good results. In fact, it also helps complement any other systems you may be using.
Credit to Investopedia http://www.investopedia.com/articles...-indicator.asp
This is the rule.
Time range: any
Pairing: any
You sell when the Schaaf trend falls below the 90/75 level and buy when the Schaaf trend rises above the 10/25 level. I personally use the 25 and 75 levels, but I have seen other traders use both settings.
Tip: Do not use the MTF Schaff Trend Indicator alone. I use the indicator with another system to provide an exit signal while enjoying life. I personally use the M5 chart for entry trades and the H1 (60) chart for exit signals.
Tip: I use this indicator to enjoy myself and not sit on my laptop all day, I have the email alerts set to true, I have a gmx.com email account just for my mt4 email alerts, because I have an iPhone I use an app called PushMail to alert me to these specific emails, I can log directly into my forex account using my iPhone and exit the trade after the indicator alerts me through my iPhone app.
If you don't have an iPhone or iPad, that's okay. You can use another software that I personally like called Thunderbird. You can configure to play an audible alert after receiving any specific email. Make sure your speakers are on!
If anyone has any questions, please feel free to ask.
PS: I personally want to thank scalpz! !
I wish you a great day! The system I'm showing you is one I've used many times and it's been tested with good results. In fact, it also helps complement any other systems you may be using.
STC can detect up and down trends long before MACD. It does this by using the same exponential moving average (EMA), but adding a cyclical component to factor currency cycle trends. Since currency cycle trends are based on changes in a certain number of days, it is incorporated into the STC indicator's formula to provide greater accuracy and reliability than MACD.
This is the rule.
Time range: any
Pairing: any
You sell when the Schaaf trend falls below the 90/75 level and buy when the Schaaf trend rises above the 10/25 level. I personally use the 25 and 75 levels, but I have seen other traders use both settings.
Tip: Do not use the MTF Schaff Trend Indicator alone. I use the indicator with another system to provide an exit signal while enjoying life. I personally use the M5 chart for entry trades and the H1 (60) chart for exit signals.
Tip: I use this indicator to enjoy myself and not sit on my laptop all day, I have the email alerts set to true, I have a gmx.com email account just for my mt4 email alerts, because I have an iPhone I use an app called PushMail to alert me to these specific emails, I can log directly into my forex account using my iPhone and exit the trade after the indicator alerts me through my iPhone app.
If you don't have an iPhone or iPad, that's okay. You can use another software that I personally like called Thunderbird. You can configure to play an audible alert after receiving any specific email. Make sure your speakers are on!
If anyone has any questions, please feel free to ask.
PS: I personally want to thank scalpz! !
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