T130B | Forex Indicator Download - MT4/MT5 Resources | MT4/MT5 Download - MetaTrader 5 Resources
Disclaimer. A must read!
This system is a demonstration only and is released here for development purposes only. If you trade this system live, all risks are entirely at your own risk, and you should understand this before downloading and implementing any and all indicators and templates.
Yes, now we have solved this problem.
I'm currently testing this system, and I've been working on variations of it for the last month. This is the final system, only tested in a demo, which started this morning at the Tokyo Open.
T130B stands for "Tokyo First 30 Minute Bar" and has performed well on USD/JPY, GBP/JPY, but should hold its own on most currency pairs and time frames above M30.
All templates and indicators are in the first article and will be updated to this article to prevent confusion.
Hopefully more people testing this system will improve it. However, it is already quite complete and I would like to keep the indicators to a minimum and not exceed what is already on the chart.
Indicators: EMA 22 Close, EMA 4 Close, EMA 3 Open, Sidus RSI Crossover, CCI 13, I Trend, P4 Clock, M1 Price Alert.
Entries are brief.
Switch the chart to the H1, H4 and D1 TFs to see the direction of the orange 22 EMA and make sure the trend of these TFs is short, we only want to trade any given currency pair in the direction of these TFs as we want to capture the main move and not the retracement.
We wait for Tokyo to open at 00:00 and place a line on the high and low prices and set a price alert in the bottom window to alert us when the price breaks the upper or lower limits. We do not trade price breakouts, only green 4EMA crossing highs or lows.
Stop loss is 5 pips above the lowest or highest price.
We must get the SIDUS EMA RSI CCI left arrow pointing in the direction of the trade, the 4 EMA must break out of the lows, the I trend indicator showing the trend in the direction of the trade, in the short term the red line must be above the green line and expand, the RSI must be below the 50 line or about to break above it and move downwards. An exit is when the I-Trend indicator flattens out or the H1 Stochastic tells us that the trade is entering oversold territory and the H1 RSI starts to lose momentum.
Long trading is the opposite or the opposite of the above.
Take her for a run around the block and let me know if you have any suggestions.
-------------------------------------------------------------------------------
Changed ADX indi for SIDUS EMA RSI CCI alert and added multi time frame stochastic indicator and MTF RSI that we use on M30 on M30 chart. These give us a good idea of exit.
This system is a demonstration only and is released here for development purposes only. If you trade this system live, all risks are entirely at your own risk, and you should understand this before downloading and implementing any and all indicators and templates.
Yes, now we have solved this problem.
I'm currently testing this system, and I've been working on variations of it for the last month. This is the final system, only tested in a demo, which started this morning at the Tokyo Open.
T130B stands for "Tokyo First 30 Minute Bar" and has performed well on USD/JPY, GBP/JPY, but should hold its own on most currency pairs and time frames above M30.
All templates and indicators are in the first article and will be updated to this article to prevent confusion.
Hopefully more people testing this system will improve it. However, it is already quite complete and I would like to keep the indicators to a minimum and not exceed what is already on the chart.
Indicators: EMA 22 Close, EMA 4 Close, EMA 3 Open, Sidus RSI Crossover, CCI 13, I Trend, P4 Clock, M1 Price Alert.
Entries are brief.
Switch the chart to the H1, H4 and D1 TFs to see the direction of the orange 22 EMA and make sure the trend of these TFs is short, we only want to trade any given currency pair in the direction of these TFs as we want to capture the main move and not the retracement.
We wait for Tokyo to open at 00:00 and place a line on the high and low prices and set a price alert in the bottom window to alert us when the price breaks the upper or lower limits. We do not trade price breakouts, only green 4EMA crossing highs or lows.
Stop loss is 5 pips above the lowest or highest price.
We must get the SIDUS EMA RSI CCI left arrow pointing in the direction of the trade, the 4 EMA must break out of the lows, the I trend indicator showing the trend in the direction of the trade, in the short term the red line must be above the green line and expand, the RSI must be below the 50 line or about to break above it and move downwards. An exit is when the I-Trend indicator flattens out or the H1 Stochastic tells us that the trade is entering oversold territory and the H1 RSI starts to lose momentum.
Long trading is the opposite or the opposite of the above.
Take her for a run around the block and let me know if you have any suggestions.
-------------------------------------------------------------------------------
Changed ADX indi for SIDUS EMA RSI CCI alert and added multi time frame stochastic indicator and MTF RSI that we use on M30 on M30 chart. These give us a good idea of exit.
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