MoForce's PwR System - MT4/MT5 Resources

Pressurized Water System (1.0) - Provided by MoForce

I'm going to introduce a new system that I just recently (yesterday, haha) started developing. Any feedback would be great! All you need to do is download the indicator I created and attach it to your chart.

Main Pwr Rules

Long entry : When the green line appears, you will get the highest point of the candle at the beginning of the green line. When price breaks above this line, you will establish a long entry.

1. Stop Loss: If the line turns white (below 0), close the position.
2. Take Profit: *still experimenting* so I don’t know, 15 pips?

: When the white line appears, you will get the lowest point of the candle at the beginning of the white line. When the price falls below this line, you can open a short position.

1. Stop Loss: If the line turns green (above 0), close the position.
2. Take Profit: *still experimenting* so I don’t know, 15 pips?

Additional Information

To me, the 15min TF seems to be the best to use. I also think the 5 minute TF should also be used as a trade confirmation. Trading possibilities should be identified first on the 5-minute TF and then the same trade direction on the 15-minute TF. This seems to work best. This relationship holds true for other TFs as well (2 adjacent TFs, although I haven't tested that).

pairing test

GBP/USD - Use

Author's note:

Sorry, the description and information are very brief. I will update them all and continue to add information as time goes on. Also, please don't pass this off as your own =P. Better pictures (and guides) coming soon! (once the system is more developed)

Metrics log

PwR v1.0 - July 19, 2009
-First version, very basic indicators...basically in beta

Last updated: July 19, 2009