1H Trend (1H Trend) | Forex indicator download- MT4/MT5 resources- MetaTrader 5 resources
Found this trading template on another forum (tsd) a few weeks ago and I added "it's not mine".
The rules are explained in the attached picture
Originally it was a 1H setting, but 5min and 15min also looked good.
This is a great forum and I wanted to post this to see if it can be developed further and eventually be useful to others.
Edited: 2009-feb-07 06:35gmt - Upload all indicators and templates individually.
The template has the following list of indicators:
chart:
EMA - 80, high
EMA - 80, low
MA rsi - 80,1,0,40,50 (where 40 is the period of RSI and 50 is the level)
MACD Cross-38,120,20,False
Indicator window 1:
MACD - 38,120,20
MACD Line - 38,120,20
EDIT: 09 Feb 2009 04:50gmt Based on post #58 on page 4
Mars - indicator has been modified so that you can set different buy and sell levels. The default value is 50, but you can set the buy level to 55 and the sell level to 45. The modified MA rsi indicator has now been added to the following indicators
Edited: February 10, 2009 05:30gmt
for rules details of this system (go to article #26 on page 2 for the link in the TSD Forum)
...and I quote "The rules are simple: trade on candle breakouts and use MACD and MA(80) as filters. See image for explanation..."
Edit: 17 February 2009 13:40gmt (This is my favorite chart setup - no one needs to change their chart, that's how I like it)
I set the MACD cross indicator on the main chart to 38,120,20 (arrow)
I have changed MACD to 12,26,6 and added EMA21 (closing price)
I added level 50 stoch 120,60,3
I tried to explain how I trade this system on post #79 #80 #83 #90 on page 6, #98 on page 7
Siuol has great advice on how to move SL - Page 7 #92
The rules are explained in the attached picture
Originally it was a 1H setting, but 5min and 15min also looked good.
This is a great forum and I wanted to post this to see if it can be developed further and eventually be useful to others.
Edited: 2009-feb-07 06:35gmt - Upload all indicators and templates individually.
The template has the following list of indicators:
chart:
EMA - 80, high
EMA - 80, low
MA rsi - 80,1,0,40,50 (where 40 is the period of RSI and 50 is the level)
MACD Cross-38,120,20,False
Indicator window 1:
MACD - 38,120,20
MACD Line - 38,120,20
EDIT: 09 Feb 2009 04:50gmt Based on post #58 on page 4
Mars - indicator has been modified so that you can set different buy and sell levels. The default value is 50, but you can set the buy level to 55 and the sell level to 45. The modified MA rsi indicator has now been added to the following indicators
Edited: February 10, 2009 05:30gmt
for rules details of this system (go to article #26 on page 2 for the link in the TSD Forum)
...and I quote "The rules are simple: trade on candle breakouts and use MACD and MA(80) as filters. See image for explanation..."
Edit: 17 February 2009 13:40gmt (This is my favorite chart setup - no one needs to change their chart, that's how I like it)
I set the MACD cross indicator on the main chart to 38,120,20 (arrow)
I have changed MACD to 12,26,6 and added EMA21 (closing price)
I added level 50 stoch 120,60,3
I tried to explain how I trade this system on post #79 #80 #83 #90 on page 6, #98 on page 7
Siuol has great advice on how to move SL - Page 7 #92


















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