Synergy CRS (Synergy CRS) | Forex indicator download- MT4/MT5 resources- MetaTrader 5 resources

~Welcome to Synergy CRS~

I've been working on a new system I developed to see if there are any great coders out there who would like a challenge in coding this monster.

The method is built using some fundamentals of a strategy I developed on FF and some other threads that caught my interest a long time ago, the SRDC Number One and Indicator Free Trading - Skunny thread. The goal is to create a system that balances itself with different styles of trades and trade types within one strategy. The strategy is complex, with multiple entry possibilities, various trade types and sizes, and multiple exit strategies. Unless the EA can be developed, this strategy will require some screen time. I also use some semi-martingale series in this strategy, so if you follow my MM, make sure to trade with a well-capitalized account.

First, let’s break down the name: Collaborative CRS

The dictionary definition of synergy is:

Synergy - noun - the interaction of elements that, when combined, produce a total effect that is greater than the sum of the individual elements, contributions, etc.

This basically means that each individual part of the strategy works in conjunction with the other parts to make the strategy flow smoother and promote better profitability.

CRS is an abbreviation for the three trade types that make up the overall strategy:

C = C Counter Trend Trading
R = R regular trade
S = S Culp Trade

The main tool of this strategy is the OHLC indicator with Fibonacci extensions, on which everything else is based. This indicator determines the previous day's OHLC and plots these lines to the current day. This indicator also helps you determine whether the previous day's candle was bullish or bearish by coloring the opening and closing lines to match the candle color, with blue being bullish and red being bearish. When the day closes, the indicator takes the day's OHLC data and replots the values ​​for the next day's trading. Any previous day's OHLC data is retained on the chart for visual testing back to the full 365 days (default) and can be changed in the parameters. The template I added only shows a 250 day limit size to upload. The OHLC indicator also plots up to 4 Fibonacci extensions on both sides, used as targets for regular trading and scalping.

The other two indicators are Counter Trend Fibonacci and Scalp Fibonacci. The countertrend Fibonacci indicator places the lines at key Fibonacci retracement zones, namely the 23.6, 38.2, 50, 61.8 and 76.4 levels. The Scalp Fibonacci indicator is basically the same indicator, but the colors are modified and set at the 14 and 86 retracement levels, and is basically only used for scalp trading stops (more on this later). All three indicators have also been modified to combine Friday and Sunday data for those who have the culprits of Sunday candles (thanks to Miyagi for all the indicators).

The regular trade is based on the SRDC I strategy where we are looking for a breakout of the previous day's high or low and utilizing the Fibonacci movements discussed in Skunny's post above. Scalp trades were added as quick "in and out" trades to enhance regular trades, hence the "scalp" nickname because they were placed at the same time as regular trades with shorter targets. Counter-trend trading is about offsetting losses from the reversals we encounter from time to time in regular trading and the occasional scalp trade.

I'll discuss each type of trade separately to show how each trade works, and then show everything completely on one chart. On January 1, 2012, I will record the trades in an Open Office trade tracking spreadsheet and show every possible trade that could have been made, whether it was a profit or a loss. I will be going to market using the EUR/USD chart for all trading examples after the first one and have added all the indicators for the strategy as well as my template for those who want to be on the same page.

If someone tried to make an EA, it would be tricky because NFA's FIFO and hedging rules would wreak havoc since scalping and regular trading would open and close at different times, while counter-trend trading would open and close between regular trades. Good luck to programmers who want to solve this problem, I hope everyone likes it and can use all or part of it in their own transactions.

***To stay true to the original premise of this strategy, please do not post any other indicators or recommendations in the post. If we want to code it, we don't need to throw a wrench into it. If you have an improvement that works for you, try it out on your own time. This is to reduce any clutter that might arise from clogging up the thread with too much additional content. Please make sure to read the entire post completely before asking as most of the answers are already in the post and have been answered, thank you. ***

***1/9/2012- I added the ADR range indicator published by Erebus. The way he successfully uses it to help with entry points and target calculations is worth watching. It is not a direct part of the strategy, so if you have any questions about exactly how he uses it in trading, please PM or email him directly. ***