TDI and Stochastic strategy - MT4/MT5 Resources
This is my money-making strategy. It's similar to Elfranz's "Trading Made Simple."
Set TDI indicator. Set the Stochastic Slope indicator to OVERLAY (above TDI). Get rid of the TDI fast moving wire (make it black so you can't see it), so only the red wire remains (I changed the color to green because it stands out more). Now remove the blue dashed line from the random slope (turn it black again). Additionally, the 80/20 line is removed from the random slope. Please see attached image for my personal settings. This only works with AUDUSD, don't waste your time choosing other pairs, I've already tried that.
Now all you have to do is:
1) Wait for TDI to rise above 68, or below 32 (for simplicity, from now on we will assume TDI rises above 68).
2) When the TDI is above/above the 68 line, wait for the Stochastic to cross below this line. Once it crosses down, go short (it must cross the TDI line and close below the TDI line).
3) For every 25 pip price movement from entry, another position of the same size is established.
4) When TDI hits/crosses the 50 line, I place my stop loss above the recent high.
5) No matter how many positions I have, I always make profit at 100 pips. (I have never held more than 6 positions at MAX)
6)***If TDI starts to go down and then goes up again, whether it's a double top or continues to go higher, I'll keep the position open but hope to close it at the overall breakeven point (this happens every...say 4 trades, but I've never lost money, just stick to the strategy).
7) If you try to only trade with the trend, you will hardly see any TDI double tops/breakouts, but I ignore the trend direction and always trade both ways and in the worst case scenario I will break even.
8) The only time I lost money was when TDI hit/broke the 50 line, I set a stop loss, and then it came back. Depending on the number of positions you have, one of them may break even, while the rest will have small losses (nothing compared to gains, almost no comparison)
Attached is a picture of my setup. If you have any questions you can ask, I'll answer them while I'm here, but I encourage you guys to give it a try and leave some comments. Please don't hack my system if you haven't read all the rules and at least looked at my/your diagrams to know this isn't bullshit.
P.S. Whenever I mentioned double top above, I was referring to the TDI, not the price. Also, I only use 1 hour charts, and only AUDUSD! ! ! !
PS I forgot to mention that the vertical line I drew was green for long, red for short, and white for trades, but it turned out to be a double top on the TDI, so I changed its color.
Set TDI indicator. Set the Stochastic Slope indicator to OVERLAY (above TDI). Get rid of the TDI fast moving wire (make it black so you can't see it), so only the red wire remains (I changed the color to green because it stands out more). Now remove the blue dashed line from the random slope (turn it black again). Additionally, the 80/20 line is removed from the random slope. Please see attached image for my personal settings. This only works with AUDUSD, don't waste your time choosing other pairs, I've already tried that.
Now all you have to do is:
1) Wait for TDI to rise above 68, or below 32 (for simplicity, from now on we will assume TDI rises above 68).
2) When the TDI is above/above the 68 line, wait for the Stochastic to cross below this line. Once it crosses down, go short (it must cross the TDI line and close below the TDI line).
3) For every 25 pip price movement from entry, another position of the same size is established.
4) When TDI hits/crosses the 50 line, I place my stop loss above the recent high.
5) No matter how many positions I have, I always make profit at 100 pips. (I have never held more than 6 positions at MAX)
6)***If TDI starts to go down and then goes up again, whether it's a double top or continues to go higher, I'll keep the position open but hope to close it at the overall breakeven point (this happens every...say 4 trades, but I've never lost money, just stick to the strategy).
7) If you try to only trade with the trend, you will hardly see any TDI double tops/breakouts, but I ignore the trend direction and always trade both ways and in the worst case scenario I will break even.
8) The only time I lost money was when TDI hit/broke the 50 line, I set a stop loss, and then it came back. Depending on the number of positions you have, one of them may break even, while the rest will have small losses (nothing compared to gains, almost no comparison)
Attached is a picture of my setup. If you have any questions you can ask, I'll answer them while I'm here, but I encourage you guys to give it a try and leave some comments. Please don't hack my system if you haven't read all the rules and at least looked at my/your diagrams to know this isn't bullshit.
P.S. Whenever I mentioned double top above, I was referring to the TDI, not the price. Also, I only use 1 hour charts, and only AUDUSD! ! ! !
PS I forgot to mention that the vertical line I drew was green for long, red for short, and white for trades, but it turned out to be a double top on the TDI, so I changed its color.
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