Damon's meat in the middle system - MT4/MT5 resources
Welcome to my "Meat in the Middle" trading system
A word of advice to all of us who feel like we can’t live a fulfilling life – life shouldn’t be one worry after another. Challenge after challenge, of course; situation to situation, yes; and incident to incident, of course. But not from worry to worry. Unfortunately, this is far from the way most of the world currently lives; stressful, worry-filled, rushed, anxiety-filled. In the case of money, this means not having to worry about how to pay your bills, and in Forex, it means not having to worry about losing the funds you currently hold. Believe it or not, it’s not about being confident, it’s about letting go of all fear. This is what it feels like when you get involved in the markets and you know you are using the right tools to make money from the markets at will. That's what I'm going to try to do for you here, give you the right tools first, and then let myself make sure you're using them correctly.
"Self-confidence is the first secret of success" -Ralph Waldo Emerson
So...let's get started...
Indicators and templates
non-lagging indicator
This indicator is one of three we use together to help determine trade entry and direction. It can also be used to place t/p or s/l settings.
Super trendy
This indicator is the second of three indicators we use together to help determine trade entry and direction. It can also be used to help determine s/r reversal trading points and targets.
Super trendy
This indicator is the third of three indicators we use together to help determine trade entry and direction. It can also be used to help determine s/r reversal trading points and targets.
channel
This indicator is our dynamic s/r indicator which provides great target and reversal points.
2SuperTrend-NLD_Alert
This indicator combines NLD and two supertrend indicators into one dynamic indicator. It allows us to turn off any of the three indicators at will, change the individual settings of each indicator and even change the distance between the arrow and the candlestick display. If you set all three indicators to "true", you will not receive a signal until all three indicators are pointing in the same direction in real time. You can change one or all three indicators to false, which will affect how and where the arrow is drawn'
Before I continue, I must emphasize to everyone that the latest version has some unique settings. Read on below to learn what they are and how they work. I have never seen this type of coding in an EA indicator before. Thanks!
1. The indicator will automatically sound an alert when an arrow appears on the chart for the first time. The first alert may actually be a false alert, as the arrow may disappear later in the bar.
2. In the attribute area of the indicator, there is an "Alert Mode" topic title area where the user can make three choices. The options are current candle , closed candle , and both . In the template I set it to both. Below these options, you will see the Last Minute Current Candle theme title. The number entered here represents the number of minutes before the bar chart closes. Let's say we enter 20.
3. So you get an alert when the arrow first appears on the bar, but the arrow can be redrawn. Because we entered 20 in the "Last Minute Current Candle" box (see #2 above), you will also be alerted if an arrow already exists in the bar or if an arrow appears at any time within the remaining 20 minutes. This can help you start trading earlier, or just remind you to turn on your computer so you can take a look before the bar closes, as there may be an arrow there. This is important because how many times has a big move happened in the first few minutes of a new bar and you acted like you missed it and didn't want to chase it? Well, this seems to happen to me a lot. You must set the "Current Candle" in the corresponding property box to use this feature. The arrow can also be redrawn.
4. Well, you can have "Closed Candle" in the corresponding properties box and you will receive an alert when the arrow first appears and another alert if the arrow remains at the end of the bar.
5. If you have selected "Both" in the corresponding attribute box , then you will receive all three alerts I mentioned above to benefit your transactions! In the template, I selected "Both".
6. As far as the arrows you will receive: What we did instead of using an indicator that gave us any old arrows, we decided to consider the 1, 2, 3… wave trading technique. Although we don't have all the technical knowledge of the code and waves 1, 2, and 3, you will find that we do follow the basic rules of wave trading and put them into the code. By doing this, we are able to eliminate a lot of arrows for trades that most likely won't work in our favor and only get more arrows for trades that will work in our favor. You will now see that when you upload your latest templates and indicators, we have ongoing transactions that help us achieve this "meat in the middle" which is the safest, funniest and easiest way to bank points. The arrows we are able to eliminate are the ones at the beginning and end of the move. Which are the most dangerous trades, and where they are most likely to go against you. I've said it many times, it's all about getting into synergy and becoming one with the market, and that's what this indicator is designed to do...become one with the market for us and then alert us when we need to take a trade.
W_B-Damon-Swing (template series)
This is the set of templates I currently use. 1 template for the 1-hour chart, 1 template for the 4-hour chart, and 1 template for the daily chart.
Read on to learn how the system has changed and what remains the same!
I haven’t quite figured out where this whole project might lead me. But, at this point in time, that's where we are right now. enjoy! ! !
Are you ready to have fun with tons of cash in your pocket?
1. Post #81: Alert Indicator Coming Soon Compliments to FerruFx - Thank you so much my friend! Thank you so much, I can't thank you enough.
2. Post #84: From here are the results of manual backtesting and methods for trading the system on the 30m chart.
3. September 27, 2015: Launched a small real account to test the system.
4. Started dividing my chart profiles into trend profiles and range profiles; additionally, combined indicators were added to the template.
5. Weekend of October 2, 2015: This weekend I released the latest version of the indicator and template, which I have been testing for the last week. This information can be found by re-reading the first article.
6. Weekend of October 10, 2015: Loading of new templates and general information about key indicators. Let’s start detailing the new content below!
A lot of new things happen
Answer: I use three indicators in one to determine trade direction, but after putting filters into our arrows I did some testing and the best setup was to just use the NLD indicator by itself. So, in the template, you'll see that I've turned off two super trend indicators, which leaves us with some very effective arrows. If you want to test other settings and other metrics yourself, these settings are still there. I'm sure I'm probably missing a lot and you can enlighten me. These tools are available for you to use.
B. Then I decided to replace the two super trend indicators intuitively on the chart with moving averages. I started with 34ema h/l/c. Then, I added some ema at the lows. It might be too much for you on the chart, and it might even be too much for me on the chart. However, this is the number I'm going to start with and I'll adjust it as needed. These moving averages certainly don't help identify or help understand every situation, but they make it much easier to identify trading situations and determine trade direction relatively easily in many situations, and it is those "find relatively easy situations" that I will be looking for and want to trade.
7. Post #136: This is my first post uploading some trading charts from my newly completed "whole system" and discussing how I was able to determine that they were good trades worth entering, and how I used the system rules to enter trades. Enjoy the system!
Please check back for the latest news and information!
Enjoy life and make good deals!
























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