Ahmed Maher: The Fox Wave - MT4/MT5 Resources
Hi everyone, I have been developing trading systems and creating new ways for Forex trading for the past 7 years. COMPLETE ONE HAND ✋ Let me introduce my fifth system, Fox Wave, available for download along with the Prime Time version for day trading.
Download from here:
http://www.mediafire.com/?k6zak6275d5jhot
Golden Guard : Our filter to confirm entries. The remaining 9 candlestick golden periods follow the extended time wave. Count the number of bullish vs. bearish candlesticks and the number of guards must be greater than the other types to confirm the entry direction (bullish extended time wave = number of bullish guards > number of bearish guards and vice versa).
*No. Number of Golden Guards < Number of other types = no trade.
*Balance Guard Case: No. Bullish Guard = No. Bearish guard, the entry is still valid but with a smaller lot size.
*Untimely situation : We do not use guards to confirm entries when the confirmation pattern appears late and the extension wave extends beyond the 9-candlestick golden period. Low lot sizes are valid only based on the direction of the extended time wave.
*No donation of candlestick boxes.
*Stop Loss: is the maximum of 100 pips for any currency pair on the golden period (9 candlesticks) or H1 TF (if the golden period is greater than 100 pips).
*Profit Taking: All orders are closed at the end of the day.
Read more: http://forums.babypips.com/free-fore...#ixzz3jngD51S2
Download from here:
http://www.mediafire.com/?k6zak6275d5jhot
The final shape of "Extended Time"
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Golden Guard : Our filter to confirm entries. The remaining 9 candlestick golden periods follow the extended time wave. Count the number of bullish vs. bearish candlesticks and the number of guards must be greater than the other types to confirm the entry direction (bullish extended time wave = number of bullish guards > number of bearish guards and vice versa).
*No. Number of Golden Guards < Number of other types = no trade.
*Balance Guard Case: No. Bullish Guard = No. Bearish guard, the entry is still valid but with a smaller lot size.
*Untimely situation : We do not use guards to confirm entries when the confirmation pattern appears late and the extension wave extends beyond the 9-candlestick golden period. Low lot sizes are valid only based on the direction of the extended time wave.
*No donation of candlestick boxes.
*Stop Loss: is the maximum of 100 pips for any currency pair on the golden period (9 candlesticks) or H1 TF (if the golden period is greater than 100 pips).
*Profit Taking: All orders are closed at the end of the day.
1. Mark the first 9 candles of the day on the chart
2. Start looking for confirmation of any pattern after 9 candles
3. When you see 2 bearish candles and 1 bullish candle, it is a bearish confirmation pattern
4. When you see 2 bullish candles and 1 bearish candle, it is a bullish pattern
5. Now start counting back 9 candles from the last candle of the confirmation pattern
6. These are your 3 subwaves, you have to analyze them
7. When you analyze them and know what type of wave it is (bullish or bearish), look at the left side of that wave
8. Have some candles between your wave and the start of the day
9. Calculate bullish and bearish candles
10. If there are more bullish candles than bearish candles and your main wave is also bullish, you can go long
11. If there are more bearish candles than bullish candles and your main wave is also bearish, then you go short
12. If the candlestick is different from the main wave, it cannot be traded. 13. If the bullish and bearish candles are the same, you trade in the direction of the main wave, but with a smaller lot size than usual. Hope this helps. I'm writing this from a smartphone, so I don't have any screenshots
Read more: http://forums.babypips.com/free-fore...#ixzz3jngD51S2
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