New Generation | Forex indicator download-MT4/MT5 resources-MetaTrader 5 resources
Hello everyone from FF
Let me start by saying, some of you already know me here, and some of you have known me for a while...I've been here on and off. I think it’s time to open up and share – because sharing is caring.
I'm starting this thread for my system which I call new generation
This system is profitable, I use it on my real account and I have been working on it for a long time.
This system uses 2 indicators, both moving averages, but independent of each other.
The system uses the opening and closing prices of the candles to enter and exit. It is a manual system not an EA.
This gives us the accuracy we need to measure everything.
I use third generation moving averages at default settings.
and 10.2 TMASlope True (non-redraw)
I use 4H time frame and 8H time frame (still trying 8H time frame)
Anything lower than this will produce too much noise.
In addition to this part of the system, the system also collects data to establish patterns. This is where Excel comes in. Each transaction is entered into Excel.
Entry--High--Low--Exit
We do this to establish patterns and maintain consistency.
Each currency has different settings!
This means that there is no one size fits all approach. Each currency has different entries such as the difference between price and moving averages and many details.
All in all, this system involves a lot of small details. These details are consistent though, in other words they don't change, if they are established and they have a pattern, you just have to remember what currency you are looking for before entering/exiting a trade.
It's going to take me a while to get everyone up to speed and post lots of examples and details and explain everything and show all the jazz stuff.
Please read this article carefully.
1. Please be patient, there are a lot of details involved here and I have no idea how long or how far this thread will go, so if you are 6 months from now.. type this in and go to the last page and ask how this works.. read from the beginning.
2. No drama - I've been on FF for a long time since people could see my joining date.. When someone releases a system it turns into a drama frenzy.. If you don't know, have nothing to say, or just like to troll.. please do it elsewhere. I don’t want to burn myself out on this topic dealing with drama.
3. Please do not message me privately with questions about this system. I repeat, please do not message me privately with questions about this system! If you have questions, please ask here.
4. There are no stupid questions, if you don’t understand just ask. But please don't ask questions that are already covered, I know it's annoying having to read 50 pages, it's much easier to ask questions in those pages, but if everyone does that, you'll just be asking the same questions again and again.
5. If you have an idea please leave a comment, or ask a question, if you post a screenshot trying to explain something it might get lost in translation, but a picture is worth 1000 words, will it be helpful to everyone.
6. I'm releasing this system to share with others, but also to look back on, because there are so many moving parts, too much currency, and so much to do - sometimes someone might discover something new, add something, or generally make it better, and I welcome that.
7. Don’t ruin your Sunday weather conversation, but keep it connected to the system. That way if you want to post trades here that you made using the system or something like that, then we can keep the noise clear, but as long as they're all relevant so that when other people come along later and follow up, they're not reading the chat about irrelevant things.
8. I’ve been around for a while and I’m going to stick with it. I'm going to keep working on this for a long time to come because it works and I want to make it even better.
9. As time goes by, I will continue to edit the first article, taking things out and putting things in to make it easier for everyone.
10. So I hope that everyone who joins me, who tries this, and who becomes my new best friend will have green dots for a long time to come.
So let’s get started!
Very important.
The settings I have on my system will be different than your TMA slope settings! By settings I mean what time period is required to confirm entries. The reason is that the brokers we use have different time frames, and because we use opening and closing candles, the slope readings are different from broker to broker, so my setup could be entering the trade too late or too early. I'll provide as much help as possible with the setup and write a tutorial on this later when more mature.
I will post the indicators in the first thread and the next thread will start the explanation.
Let me start by saying, some of you already know me here, and some of you have known me for a while...I've been here on and off. I think it’s time to open up and share – because sharing is caring.
I'm starting this thread for my system which I call new generation
This system is profitable, I use it on my real account and I have been working on it for a long time.
This system uses 2 indicators, both moving averages, but independent of each other.
The system uses the opening and closing prices of the candles to enter and exit. It is a manual system not an EA.
This gives us the accuracy we need to measure everything.
I use third generation moving averages at default settings.
and 10.2 TMASlope True (non-redraw)
I use 4H time frame and 8H time frame (still trying 8H time frame)
Anything lower than this will produce too much noise.
In addition to this part of the system, the system also collects data to establish patterns. This is where Excel comes in. Each transaction is entered into Excel.
Entry--High--Low--Exit
We do this to establish patterns and maintain consistency.
Each currency has different settings!
This means that there is no one size fits all approach. Each currency has different entries such as the difference between price and moving averages and many details.
All in all, this system involves a lot of small details. These details are consistent though, in other words they don't change, if they are established and they have a pattern, you just have to remember what currency you are looking for before entering/exiting a trade.
It's going to take me a while to get everyone up to speed and post lots of examples and details and explain everything and show all the jazz stuff.
Please read this article carefully.
1. Please be patient, there are a lot of details involved here and I have no idea how long or how far this thread will go, so if you are 6 months from now.. type this in and go to the last page and ask how this works.. read from the beginning.
2. No drama - I've been on FF for a long time since people could see my joining date.. When someone releases a system it turns into a drama frenzy.. If you don't know, have nothing to say, or just like to troll.. please do it elsewhere. I don’t want to burn myself out on this topic dealing with drama.
3. Please do not message me privately with questions about this system. I repeat, please do not message me privately with questions about this system! If you have questions, please ask here.
4. There are no stupid questions, if you don’t understand just ask. But please don't ask questions that are already covered, I know it's annoying having to read 50 pages, it's much easier to ask questions in those pages, but if everyone does that, you'll just be asking the same questions again and again.
5. If you have an idea please leave a comment, or ask a question, if you post a screenshot trying to explain something it might get lost in translation, but a picture is worth 1000 words, will it be helpful to everyone.
6. I'm releasing this system to share with others, but also to look back on, because there are so many moving parts, too much currency, and so much to do - sometimes someone might discover something new, add something, or generally make it better, and I welcome that.
7. Don’t ruin your Sunday weather conversation, but keep it connected to the system. That way if you want to post trades here that you made using the system or something like that, then we can keep the noise clear, but as long as they're all relevant so that when other people come along later and follow up, they're not reading the chat about irrelevant things.
8. I’ve been around for a while and I’m going to stick with it. I'm going to keep working on this for a long time to come because it works and I want to make it even better.
9. As time goes by, I will continue to edit the first article, taking things out and putting things in to make it easier for everyone.
10. So I hope that everyone who joins me, who tries this, and who becomes my new best friend will have green dots for a long time to come.
So let’s get started!
Very important.
The settings I have on my system will be different than your TMA slope settings! By settings I mean what time period is required to confirm entries. The reason is that the brokers we use have different time frames, and because we use opening and closing candles, the slope readings are different from broker to broker, so my setup could be entering the trade too late or too early. I'll provide as much help as possible with the setup and write a tutorial on this later when more mature.
I will post the indicators in the first thread and the next thread will start the explanation.
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