Mixed Market Indicators System - MT4/MT5 Resources
Management information systems.
I put together 3 indicators plus 50EMA and came up with a system.
It's actually new, so please don't ask if it works, just give it a try. Also, if you can come up with your own rules that work, please share them with everyone.
tnx.
These indicators are only available for EURUSD 1 hour. This is an author limitation since these indis are not free.
But don't worry, this is actually good for us because it will let us focus on 1 time frame and 1 currency.
Now everything I say here is just a suggestion. Try it on the demo version, do not use it on a real account.
I must state up front that this is not a scalping system; If you figure out a way to use these indis for scalping, please let us know.
So below you'll see diagrams and links for templates and indis (I hate it when people drag it before postint inids and templates. It's so stupid)
The arrows on the chart have been indicators of CEF scalper bottoms. You can wait for these arrows before placing a trade, but you can trade without these arrows, the CEF scalper is just an additional filter and you don't have to use it.
It's really simple. Do not trade when Bermui is yellow.
When bermaui is red, the CEF auction is red and the price is below the 50 EMA, we look for selling opportunities. When these conditions are met, you can wait for the CEF scalpers to issue a sell arrow, or simply wait for a pullback instead of closing below the last candle to enter. You can also be extra careful and allow the price to bounce off the 50 EMA and close lower.
For buy, simply reverse the sell conditions. That's it.
The most important thing is: for stop loss, you should choose a number that you feel comfortable with, try not to choose 5 pips or 15 pips. Try daily atr or daily atrx2, but limit your position size (risk %). The reason I say this is that when the above conditions are met, the price will move up and down, but when the opposite signal appears, in the end you will be the winner. If you make a decent profit (1xatr or 2xatr or more) then start tracking the latest high/low.
Let me know what you think.
tnx.
PS I don't know about CEF scalpers but others don't redraw (I use bluefx tester) but I'm not an expert so if you are good at testing this stuff please let everyone know.
I put together 3 indicators plus 50EMA and came up with a system.
It's actually new, so please don't ask if it works, just give it a try. Also, if you can come up with your own rules that work, please share them with everyone.
tnx.
These indicators are only available for EURUSD 1 hour. This is an author limitation since these indis are not free.
But don't worry, this is actually good for us because it will let us focus on 1 time frame and 1 currency.
Now everything I say here is just a suggestion. Try it on the demo version, do not use it on a real account.
I must state up front that this is not a scalping system; If you figure out a way to use these indis for scalping, please let us know.
So below you'll see diagrams and links for templates and indis (I hate it when people drag it before postint inids and templates. It's so stupid)
The arrows on the chart have been indicators of CEF scalper bottoms. You can wait for these arrows before placing a trade, but you can trade without these arrows, the CEF scalper is just an additional filter and you don't have to use it.
It's really simple. Do not trade when Bermui is yellow.
When bermaui is red, the CEF auction is red and the price is below the 50 EMA, we look for selling opportunities. When these conditions are met, you can wait for the CEF scalpers to issue a sell arrow, or simply wait for a pullback instead of closing below the last candle to enter. You can also be extra careful and allow the price to bounce off the 50 EMA and close lower.
For buy, simply reverse the sell conditions. That's it.
The most important thing is: for stop loss, you should choose a number that you feel comfortable with, try not to choose 5 pips or 15 pips. Try daily atr or daily atrx2, but limit your position size (risk %). The reason I say this is that when the above conditions are met, the price will move up and down, but when the opposite signal appears, in the end you will be the winner. If you make a decent profit (1xatr or 2xatr or more) then start tracking the latest high/low.
Let me know what you think.
tnx.
PS I don't know about CEF scalpers but others don't redraw (I use bluefx tester) but I'm not an expert so if you are good at testing this stuff please let everyone know.
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