Very easy system | Foreign exchange indicator download - MT4/MT5 resources
5 minutes divergence method
(diagram below thread)
This is partly Imran's system and partly the person who wrote this CCI div indicator. (I don't know his name but it's a good indicator - if it messes up while loading, just change the timeframe. It works fine on all TF)
1. Add 100, -100, 0, 200, -200 to the CCI divergence indicator
2. Add ASCtrend_imran arrow indicator
3. Add 20, 60, 200 EMA to the chart
4. If 20 is below 60 and the bearish divergence on the CCI indicator is above 100... enter on the breakout of the candle when the Imran ASCTrend arrow pops up. Once the divergence arrives, ignore all bullish divergence arrows and bullish up arrows! ! ! On a 5-minute chart, it can take an hour or so before the ASCTrend arrow arrives. When 20 is higher than 60 the opposite is true.
5. Make sure the 60 EMA is pointing down. However, the best trade is when it may start to turn towards the 20/60 crossover. If you can identify this better than the turn, please let me know. This is usually the largest point generator.
Let me clarify. Enter when it breaks through a few points. Sometimes it takes a while because when the ASCTrend arrow pops up, the price can fluctuate between the 20/60 EMA. It is possible to test arrow candles several times. You will be spared the sadness of waiting for it to be over. I had it go up 18 points before going down.
Stop loss 20 points + spread.
Cliff Notes: Bears: 20 below 60 EMA, divergence above 100
CCI, wait for the bear ASCtrend arrow and it may be a bit, ignore all bull arrows, enter on a good break of arrow candle, 20 + spread SL, 5 min chart.
Opposite for a long time. Monitor it...sometimes you get a few...sometimes 60-70 points.
I've posted a chart below.
P.S. Try loading ten charts using only the divergence indicator. Make them all smaller. Set them to 30 minutes or 1 hour TF. When the alarm sounds, go down to 5 minutes and wait for the signal.
The backtest takes 10 minutes. If you give it a try, let me know what your winning rate is. Also, I'll give you a way to get the assist leg after turning back. Not that simple, but when 60 is turned up and there is no up arrow, it will get you in.
(diagram below thread)
This is partly Imran's system and partly the person who wrote this CCI div indicator. (I don't know his name but it's a good indicator - if it messes up while loading, just change the timeframe. It works fine on all TF)
1. Add 100, -100, 0, 200, -200 to the CCI divergence indicator
2. Add ASCtrend_imran arrow indicator
3. Add 20, 60, 200 EMA to the chart
4. If 20 is below 60 and the bearish divergence on the CCI indicator is above 100... enter on the breakout of the candle when the Imran ASCTrend arrow pops up. Once the divergence arrives, ignore all bullish divergence arrows and bullish up arrows! ! ! On a 5-minute chart, it can take an hour or so before the ASCTrend arrow arrives. When 20 is higher than 60 the opposite is true.
5. Make sure the 60 EMA is pointing down. However, the best trade is when it may start to turn towards the 20/60 crossover. If you can identify this better than the turn, please let me know. This is usually the largest point generator.
Let me clarify. Enter when it breaks through a few points. Sometimes it takes a while because when the ASCTrend arrow pops up, the price can fluctuate between the 20/60 EMA. It is possible to test arrow candles several times. You will be spared the sadness of waiting for it to be over. I had it go up 18 points before going down.
Stop loss 20 points + spread.
Cliff Notes: Bears: 20 below 60 EMA, divergence above 100
CCI, wait for the bear ASCtrend arrow and it may be a bit, ignore all bull arrows, enter on a good break of arrow candle, 20 + spread SL, 5 min chart.
Opposite for a long time. Monitor it...sometimes you get a few...sometimes 60-70 points.
I've posted a chart below.
P.S. Try loading ten charts using only the divergence indicator. Make them all smaller. Set them to 30 minutes or 1 hour TF. When the alarm sounds, go down to 5 minutes and wait for the signal.
The backtest takes 10 minutes. If you give it a try, let me know what your winning rate is. Also, I'll give you a way to get the assist leg after turning back. Not that simple, but when 60 is turned up and there is no up arrow, it will get you in.
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