Eaty system | Foreign exchange indicator download-MT4/MT5 resources-MetaTrader 5 resources
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I've been developing this system for a while. It is based on H4 time frame.
First, let's talk briefly. I'll only write more if anyone is interested. Since my English is terrible, I made it into point form and graphics for easier understanding. Hope there are no typos. :)
Time frame: H4
Currency Pair: GBPJPY (This currency pair has performed well.)
Indicators: RSI(3), RSI(4), MACD(7, 13, 1)
Purchase entry :
- The RSI (3) and RSI (4) crossed above 50 .
- MACD (7, 13, 1) must be in green color.
- After confirming 3 signals, we will start the next bar with 3 pending buy orders .
3 Pending transactions:
1. Entry = highest price + 16 points + spread, TP = 50, SL (please read the stop loss written below.)
2. Entry = highest price + 16 points + spread, TP = 100, SL (please read the stop loss written below.)
3. Entry = highest price + 16 points + spread, TP = free, until stop loss is hit, stop loss (please read the stop loss written below.)
For non-GJ, your TP needs to be changed as follows:
TP1=15
Tp2 = 30
TP3=Freedom
http://i573.photobucket.com/albums/s...1May281550.gif
Sell entry :
- The Relative Strength Index (3) and the Relative Strength Index (4) crossed below 50 .
- MACD (7, 13, 1) must be in red color.
- After confirming 3 signals, we will start the next bar with 3 pending sell orders .
3 Pending transactions:
1. Entry = High - 16pips - Spread, TP = 50, SL (Please read the stop loss written below.)
2. Entry = High - 16pips - Spread, TP = 100, SL (Please read the stop loss written below.)
3.Entry = High - 16pips - Spread, TP = Free until hitting SL, SL (Please read the stop loss written below.)
For non-GJ, your TP needs to be changed as follows:
TP1=15
Tp2 = 30
TP3=Freedom
http://i573.photobucket.com/albums/s...2May281550.gif
Stop Loss (SL):
Case 1: Set up at the opposite entrance.
Case 2: If the H4 bar achieves > 150 pips profit, set the stop loss to 50 pips at the close of that H4 bar.
http://i573.photobucket.com/albums/s...3May281551.gif
SL Case1 + SL Case2: Let’s look at the highest price 1 of the pending buy order.
Buy entry = 128.12 (highest price 1) + 16 pips + 7 pips (spread) = 128.35
SL = 126.71 (lowest price 1) – 16 pips – 0 (spread) = 126.55
High2 – Entry = 129.50 – 128.35 = 115 points
Transaction 1 (T1) TP = 50
Transaction 2 (T2) TP = 100
Trade3 (T3) TP = Not reached yet because it has not reached our SL, SL = 126.55
So T3 continues to run. Until SL rules apply.
Sell entry = new stop loss (based on case 1)
Hence the pending sell order for T3 and the new stop loss. Open until closed. For this case it goes up to High3. SL case2 rules apply.
New Stop Loss = 50 pips ( based on Case 2, 130.66 (High 3) – 128.35 (Entry) = 231 ).
Let it run until new SL rules apply. In this case, it will close at our stop loss level.
T1 TP = 50
T2 TP = 100
T3 TP = 50
Total profit = 50 + 100 + 50 = 200 points
Case 3:
- The RSI (3) has formed a new low above 50, which is a good buy.
- The RSI (3) formed a new high below 50, which is time to sell.
http://i573.photobucket.com/albums/s...4May281551.gif
Case3.b: This picture shows the sell order case3 of SL
Sell entry = 138.18 (L1) - 16 points - 0 points (spread) = 138.02
SL = Buy entry = 139.29(H1) + 16 pips + 7 pips (spread) = 139.52
Entrance – L2 = 138.02 – 136.00 = 202
16 pips + 7 pips = 23 pips
Transaction 1 (T1) TP = 50
Transaction 2 (T2) TP = 100
Trade3 (T3) TP = Not reached yet because it has not reached our SL, SL = 139.52
SL progress
139.52 (case 1)
-> 138.02 (entry) – 50 pips = 137.52 (case 2)
-> 137.01(L2) + 23 points = 137.24 (case 3)
-> 136.89(L3) + 23 points = 137.12 (case 3)
-> 136.23 (L4) + 23 points = 136.46 (case 3)
-> 136.09 (L5) + 23 points = 136.32 (case 3)
-> 135.22 (L6) + 23 points = 135.45 (case 3)
Transaction 1 (T1) TP = 50
Transaction 2 (T2) TP = 100
Transaction 3 (T3) TP = 138.02 – 135.45 = 257
Total profit = 50 +100 +257 = 407
Case 4:
- Buy when RSI (3) falls below 50.
- RSI (3) breaks through 50 to sell.
http://i573.photobucket.com/albums/s...5May281551.gif
Case4.a: This picture shows the sell order case4 of SL
Buy tickets = 130.50 (H1) + 16 points + 7 points (spread) = 130.73
SL = For this case, we have no SL at the beginning because the previous sell has ended. Therefore, we do not set the SL until the SL rules apply. After we issued a buy entry signal, the RSI (3) was below 50. So we'll use that as SL. SL = L1 – 16 points = 128.92
Entry – H2 = 130.73 – 133.26 = 253
SL progress
128.92 ->
-> 130.73 (entry) + 50 pips = 131.23 (case 2)
-> 132.09 (L2) – 16 points = 131.93 (Case 4)
Transaction 1 (T1) TP = 50
Transaction 2 (T2) TP = 100
Transaction 3 (T3) TP = 130.73 – 131.93 = 120
Total profit = 50 +100 +120 = 270
Example:
1. GBYJPY buy order on June 1, 2009. (390 points)
Part 1
Part 2
part three
Part 4
2. GBYJPY sell order on June 2, 2009. (88 points)
Part 1
Part 2
part three
























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