Green lantern system | Foreign exchange indicator download - MT4/MT5 resources
This is the trading system I use. Might be useful for those who want to try a few different systems. I've just been trading for a few weeks and it's good enough for me.
If anyone has comments or improvements to this system, please share it here
Indicators and settings used:
Time to get to the next bar
#signal_bars_v9 (password: free_at_tsd)
ma in color_wappliedprice (12,3,6)
heiken_ashi_smoothed1lime (2,6,3,2)
Moving average (previous indicator data was 3SMA)
Trend Lord (Issue 21)
RSI-TC (21, 50, 50, true)
I use it mostly on the m15, but sometimes on smaller time frames as well. Never tried it on higher timeframes, but I think it should work there as well.
Long entry:
heiken ashi turns green when the moving averages cross
The color of the trendlord indicator should match the heiken ashi bar, so it is also green
RSI is above 50 and in green
Short name entry:
When the moving averages cross, heiken ashi turns white
The color of the trendlord indicator should match the heiken ashi bar, so it is also white
RSI is below 50 and white
Exit is when all the above points turn to the other side. If only 1 or 2 indicators differ on a trade, I usually abandon the trade until all 3 indicators differ again.
Indicators are credited to the original authors, I didn't create them, I just found them and put them together.
If anyone has comments or improvements to this system, please share it here
Indicators and settings used:
Time to get to the next bar
#signal_bars_v9 (password: free_at_tsd)
ma in color_wappliedprice (12,3,6)
heiken_ashi_smoothed1lime (2,6,3,2)
Moving average (previous indicator data was 3SMA)
Trend Lord (Issue 21)
RSI-TC (21, 50, 50, true)
I use it mostly on the m15, but sometimes on smaller time frames as well. Never tried it on higher timeframes, but I think it should work there as well.
Long entry:
heiken ashi turns green when the moving averages cross
The color of the trendlord indicator should match the heiken ashi bar, so it is also green
RSI is above 50 and in green
Short name entry:
When the moving averages cross, heiken ashi turns white
The color of the trendlord indicator should match the heiken ashi bar, so it is also white
RSI is below 50 and white
Exit is when all the above points turn to the other side. If only 1 or 2 indicators differ on a trade, I usually abandon the trade until all 3 indicators differ again.
Indicators are credited to the original authors, I didn't create them, I just found them and put them together.
























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