Umair's Euro/usd System - MT4/MT5 Resources
My favorite indicator! ! !
P-SAR = Default. (only for candlestick charts)
MACD = 5, 34, 5 (on a candlestick chart or the default style...this allows you to clearly see the intersection of the two lines)...
SSTO (random slow) = 5 , 3 , 3
Other chart users! ! !
RSI & ATR = RSI = 7 combined with ATR 20 (in the same window)….
For MT4 users only! ! !
Set RSI=4 and ATR=14 because pplz complained that my settings of RSI=7 and ATR=20 don't have the same effect as I want on my MT4 chart...but it must look the same as my settings...(see posts with screenshots on pages 8,9,10,22)...also see my post number (321, 324) better MT4 users post screenshots to me for more confirmation...because some MT4 Users are suitable for RSI=7 & ATR=20 & some are suitable for RSI=4 & ATR=14....Better confirm with me...
Time range = 30 minutes only.
Currency pair = EUR/USD (recommended)
= Gbd/Jpy (I don't have much experience with this pair, but I always get +ve results...first time trying this in a demo)...
= USD/CHF (I don't have much experience with this pair, but I always get +ve results...first time trying this in a demo)...
Entry rules
Enter the long position only when the two lines MACD on the chart cross and the first P-SAR point appears below the candle and vice versa, the same goes for the short position. The SSTO line crosses before, after or with MACD when the two lines cross or are almost very close to crossing (if other conditions are met), but be careful if SSTO is not already in the overbought/oversold zone, for long SSTO must already be in the overbought zone and vice versa. Even SAR points appear or not appear or all signals are confirmed or not. Do not enter until SSTO is in the correct position for long and short respectively. See the screenshot below for more information...
You can also enter the trade if the SAR point is already below the candle line and MACD, the S line crosses each line in the upward direction and the ssto line also crosses each line but is not in or close to the overbought zone, you are long and vice versa. Also, for bulls RSI =7 must have crossed ATR=20 upwards in its combination or has crossed it upwards or is very close to crossing it, and vice versa for bears...
Note: When SSTO is crossed before the MACD line crosses and the MACD line is very close to crossing, be ready and wait for the MACD line to cross. Please also pay attention to the combined trend of RSI and ATR. Watch the P-SAR point when the MACD lines cross. They must match the MACD/SSTO crossover. For the longs and shorts...
Exit rules
If the opposite P-SAR point does or does not appear in the E/U, I usually exit after taking a 15/20 pip profit per trade, but you can exit on the opposite P-SAR point….
A) Go long when two MACD lines cross and the SSTO line also crosses upwards and the P-SAR point appears below the candle at the same time or after the crossover or before the crossover and vice versa, go short also when the Rsi has crossed the ATR or is very close to crossing the long and short positions respectively.
B) TP = 15/20 pips depending on SSTO and RSI overbought and oversold conditions…(monitoring for profit is important)…
C) Stop loss = -20 pips
D) I use SSTO crossovers to confirm MACD line crossovers and correct entries and avoid false signals as I mentioned in detail above how and overbought/oversold conditions.
E) You can get almost 30/40 points on E/U using this system, but 15/20 points are safe points and easy to get. Because I generate almost 15/20 points on a regular basis. Watch out for overbought/oversold conditions and take profits over 15/20 pips based on them.
F) Never enter before the MACD line crosses (Important).
G) I use a combination of RSI = 7 and ATR = 20 to provide additional confirmation of MACD line crossovers and avoid false entries. For longs Rsi=7 it has crossed ATR=20 upwards, or is very close to a crossover in its combination, and vice versa for bears. When the MACD line is close to crossing, with the help of other indicators I can easily tell if the MACD line has to cross or not and if you put this combination on the chart then you will know how it works in your favor but professional traders use a lot of indicators for good trades and confirmation of longs and shorts…
H) All Mentioned Conditions Must Be Met.
I) I have been using this system for the past 5/6 months and it is giving me healthy results.
J) Thanks to people for their free system contribution efforts as I learned a lot from them…
K) I think leaving half an hour before and after the news is bad…
L) I have never tried this system on any other timeframe or on any other currency pair that accepts G/J, U/C, E/U and N/U, so I have no idea how the system works on other currency pairs or any other timeframe...
M) I use the free power chart from the FXCM website!
Currency Conversion Chart You can find all the required indicators and their conditions to be met from their… It's like placing the MACD on a candlestick chart instead of below the window. Since the main purpose of placing MACD on a candlestick chart is that we can clearly see its lines crossing with a wide view... Otherwise, there is no need to put MACD on a chart with candlesticks if your charting package gives you a clear cross view on normal view or default view (window below the candlestick chart)...
Screenshot No-01...
See pictures below. All conditions to enter the trade are met!
1) Look at the two signal lines of Macd on the candlestick chart as they have crossed each signal line and headed down... (first signal)
2) SSto just crossed and headed down----(second signal)....
3) The first P-Sar point appears above the candle, this is (the third signal)...
4) See the RSI/ATR combination as the RSI has crossed the ATR and headed down (4tH signal)....
5) Seeing how the market drops, we could happily lock in EUR/USD +50 pips…
Also take a closer look at the screenshot..here I entered briefly on the emergence of the first SAR point above the candle because the other conditions have been met as the RSI has crossed ART and moved in the downward direction, SSTO has also crossed every line and moved in the downward direction...Also, look at the left blue line of the above signal...Just a day ago, Macd, the s-line was crossing and moving in the upward direction, ssto was crossing and moving in the upward direction, the RSI The blue line just hit the ATR and then turned up, it was already up before we entered the market. The Sar point is below the candle which is a valid entry and I managed to get really good points from there too...
Now lets Move Towards ScreenShot No.02!!!
Here's a screenshot of Gbd/Jpy... I managed to get +40 points on that trade! ! !
1) See how the two lines of MACD cross each line and go down... (first signal)...
2) P-SAR point appears above the candle (second signal)...
3) The SSTO line crosses each line and moves in the downward direction (third signal)....
4) See Figure 2. Be careful, when the first SAR point appears, the Rsi is close to crossing the ATR, but I don't enter, but not very close, so I wait, when the second SAR point appears, above the RSI, about to cross the ATR, I enter the short position....see the second red candle with the blue line and arrow...see how the market moves down, even gives +40 pips, but I close the position here.....
My system basically works for EUR/USD, but it also works very well on GBP/JPY, but I would recommend you more of a system for EUR/USD.... as I have tested it on that pair over the last 5/6 months....
Screenshot No-03 Perfect G/J entry! ! !
No screenshots now . 3 This is one of the most perfect G/J entries I've ever seen...
1) Seeing two MACD lines clearly crossing and heading down (first short signal)...
2) Then, after the long signal series is completed, the P-SAR point appears above the candle...
3) The blue line of RSI = 7 has crossed the red line of ATR = 20 & a stronger signal of a downward trend. Because RSI=7 has crossed it...
4)SSTo has crossed every zone from the overbought zone and headed down...even the strongest signal as it was almost in the overbought zone and headed down...
All conditions were met perfectly and I managed to get +100 points... +47 points in the real version and the rest in the demo version... See the third important screenshot showing how I entered using the blue line with the arrow and the first SAR short signal point...
Screenshot 04 News Candles and False Signals! ! !
I really hate key news times....the only time I failed was when I entered the news time incorrectly & immediately +ve condition & I must say, surprisingly for me -ve...don't get into here, it was almost an 80-100 pip move but the RSI and ATR didn't even cross or not even come close to crossing , because the news immediately created different conditions.... Even though Macd, SSTO and SAR gave bullish signals & as I said 80-100 pips were moving, I just stayed away and just watched everything that happened... Lollllzzz... don't kill yourself here,,,, be careful...
Screenshot No. 05 View SSTO and your entries!
What h is attached here and see for yourself!
1) Two MACD lines cross each other and move upwards...(Bull signal)...
2) Rsi=7 has crossed ATR =20 and is already in an uptrend (second bull signal)....
3) SAR also emits a long signal (the third longest signal)....
4) Looking at SSTO...already in overbought territory...the question is...are we in for the long term...? This is the common question most people ask....look at yourself...in EUR/USD I really avoid getting into this situation but here I go into G/J but just for 10 pips profit...but G/J goes up to +24 pips...then look at the next candle....red candle....G/J moves down and just bcz ssto is in overbought zone....despite G/J After this it was made that if we had held the position and waited, there would have been an uptrend and given many points...but frankly, even I was not sure, G/J would have maintained his uptrend. Even not from the four hour chart...so I avoid getting into this situation...because I never want to make even one wrong entry...I know I will find many other opportunities...so that's all there is to know!
Precautions! ! !
A void entry into dead markets, especially EUR/USD…
Avoid going in before and after the news half hour...
SSTO is very important to monitor before entering long and short positions…
I have no experience with my system on other pairs, only good experience on E/U, now G/J and U/C... but my experience on G/J is only 16/17 successful trades... Fortunately, my SL of -20 pips on G/J has not been reached yet... Wish these screenshots were from my digital camera. Help you haha because I don't know why and what's the problem I have to scan the screenshot...
Need advice, welcome...
So let’s talk about some tips for generating ideas!
thank you very much....
Umair ....good luck to you....
P-SAR = Default. (only for candlestick charts)
MACD = 5, 34, 5 (on a candlestick chart or the default style...this allows you to clearly see the intersection of the two lines)...
SSTO (random slow) = 5 , 3 , 3
Other chart users! ! !
RSI & ATR = RSI = 7 combined with ATR 20 (in the same window)….
For MT4 users only! ! !
Set RSI=4 and ATR=14 because pplz complained that my settings of RSI=7 and ATR=20 don't have the same effect as I want on my MT4 chart...but it must look the same as my settings...(see posts with screenshots on pages 8,9,10,22)...also see my post number (321, 324) better MT4 users post screenshots to me for more confirmation...because some MT4 Users are suitable for RSI=7 & ATR=20 & some are suitable for RSI=4 & ATR=14....Better confirm with me...
Time range = 30 minutes only.
Currency pair = EUR/USD (recommended)
= Gbd/Jpy (I don't have much experience with this pair, but I always get +ve results...first time trying this in a demo)...
= USD/CHF (I don't have much experience with this pair, but I always get +ve results...first time trying this in a demo)...
Entry rules
Enter the long position only when the two lines MACD on the chart cross and the first P-SAR point appears below the candle and vice versa, the same goes for the short position. The SSTO line crosses before, after or with MACD when the two lines cross or are almost very close to crossing (if other conditions are met), but be careful if SSTO is not already in the overbought/oversold zone, for long SSTO must already be in the overbought zone and vice versa. Even SAR points appear or not appear or all signals are confirmed or not. Do not enter until SSTO is in the correct position for long and short respectively. See the screenshot below for more information...
You can also enter the trade if the SAR point is already below the candle line and MACD, the S line crosses each line in the upward direction and the ssto line also crosses each line but is not in or close to the overbought zone, you are long and vice versa. Also, for bulls RSI =7 must have crossed ATR=20 upwards in its combination or has crossed it upwards or is very close to crossing it, and vice versa for bears...
Note: When SSTO is crossed before the MACD line crosses and the MACD line is very close to crossing, be ready and wait for the MACD line to cross. Please also pay attention to the combined trend of RSI and ATR. Watch the P-SAR point when the MACD lines cross. They must match the MACD/SSTO crossover. For the longs and shorts...
Exit rules
If the opposite P-SAR point does or does not appear in the E/U, I usually exit after taking a 15/20 pip profit per trade, but you can exit on the opposite P-SAR point….
A) Go long when two MACD lines cross and the SSTO line also crosses upwards and the P-SAR point appears below the candle at the same time or after the crossover or before the crossover and vice versa, go short also when the Rsi has crossed the ATR or is very close to crossing the long and short positions respectively.
B) TP = 15/20 pips depending on SSTO and RSI overbought and oversold conditions…(monitoring for profit is important)…
C) Stop loss = -20 pips
D) I use SSTO crossovers to confirm MACD line crossovers and correct entries and avoid false signals as I mentioned in detail above how and overbought/oversold conditions.
E) You can get almost 30/40 points on E/U using this system, but 15/20 points are safe points and easy to get. Because I generate almost 15/20 points on a regular basis. Watch out for overbought/oversold conditions and take profits over 15/20 pips based on them.
F) Never enter before the MACD line crosses (Important).
G) I use a combination of RSI = 7 and ATR = 20 to provide additional confirmation of MACD line crossovers and avoid false entries. For longs Rsi=7 it has crossed ATR=20 upwards, or is very close to a crossover in its combination, and vice versa for bears. When the MACD line is close to crossing, with the help of other indicators I can easily tell if the MACD line has to cross or not and if you put this combination on the chart then you will know how it works in your favor but professional traders use a lot of indicators for good trades and confirmation of longs and shorts…
H) All Mentioned Conditions Must Be Met.
I) I have been using this system for the past 5/6 months and it is giving me healthy results.
J) Thanks to people for their free system contribution efforts as I learned a lot from them…
K) I think leaving half an hour before and after the news is bad…
L) I have never tried this system on any other timeframe or on any other currency pair that accepts G/J, U/C, E/U and N/U, so I have no idea how the system works on other currency pairs or any other timeframe...
M) I use the free power chart from the FXCM website!
Currency Conversion Chart You can find all the required indicators and their conditions to be met from their… It's like placing the MACD on a candlestick chart instead of below the window. Since the main purpose of placing MACD on a candlestick chart is that we can clearly see its lines crossing with a wide view... Otherwise, there is no need to put MACD on a chart with candlesticks if your charting package gives you a clear cross view on normal view or default view (window below the candlestick chart)...
Screenshot No-01...
See pictures below. All conditions to enter the trade are met!
1) Look at the two signal lines of Macd on the candlestick chart as they have crossed each signal line and headed down... (first signal)
2) SSto just crossed and headed down----(second signal)....
3) The first P-Sar point appears above the candle, this is (the third signal)...
4) See the RSI/ATR combination as the RSI has crossed the ATR and headed down (4tH signal)....
5) Seeing how the market drops, we could happily lock in EUR/USD +50 pips…
Also take a closer look at the screenshot..here I entered briefly on the emergence of the first SAR point above the candle because the other conditions have been met as the RSI has crossed ART and moved in the downward direction, SSTO has also crossed every line and moved in the downward direction...Also, look at the left blue line of the above signal...Just a day ago, Macd, the s-line was crossing and moving in the upward direction, ssto was crossing and moving in the upward direction, the RSI The blue line just hit the ATR and then turned up, it was already up before we entered the market. The Sar point is below the candle which is a valid entry and I managed to get really good points from there too...
Now lets Move Towards ScreenShot No.02!!!
Here's a screenshot of Gbd/Jpy... I managed to get +40 points on that trade! ! !
1) See how the two lines of MACD cross each line and go down... (first signal)...
2) P-SAR point appears above the candle (second signal)...
3) The SSTO line crosses each line and moves in the downward direction (third signal)....
4) See Figure 2. Be careful, when the first SAR point appears, the Rsi is close to crossing the ATR, but I don't enter, but not very close, so I wait, when the second SAR point appears, above the RSI, about to cross the ATR, I enter the short position....see the second red candle with the blue line and arrow...see how the market moves down, even gives +40 pips, but I close the position here.....
My system basically works for EUR/USD, but it also works very well on GBP/JPY, but I would recommend you more of a system for EUR/USD.... as I have tested it on that pair over the last 5/6 months....
Screenshot No-03 Perfect G/J entry! ! !
No screenshots now . 3 This is one of the most perfect G/J entries I've ever seen...
1) Seeing two MACD lines clearly crossing and heading down (first short signal)...
2) Then, after the long signal series is completed, the P-SAR point appears above the candle...
3) The blue line of RSI = 7 has crossed the red line of ATR = 20 & a stronger signal of a downward trend. Because RSI=7 has crossed it...
4)SSTo has crossed every zone from the overbought zone and headed down...even the strongest signal as it was almost in the overbought zone and headed down...
All conditions were met perfectly and I managed to get +100 points... +47 points in the real version and the rest in the demo version... See the third important screenshot showing how I entered using the blue line with the arrow and the first SAR short signal point...
Screenshot 04 News Candles and False Signals! ! !
I really hate key news times....the only time I failed was when I entered the news time incorrectly & immediately +ve condition & I must say, surprisingly for me -ve...don't get into here, it was almost an 80-100 pip move but the RSI and ATR didn't even cross or not even come close to crossing , because the news immediately created different conditions.... Even though Macd, SSTO and SAR gave bullish signals & as I said 80-100 pips were moving, I just stayed away and just watched everything that happened... Lollllzzz... don't kill yourself here,,,, be careful...
Screenshot No. 05 View SSTO and your entries!
What h is attached here and see for yourself!
1) Two MACD lines cross each other and move upwards...(Bull signal)...
2) Rsi=7 has crossed ATR =20 and is already in an uptrend (second bull signal)....
3) SAR also emits a long signal (the third longest signal)....
4) Looking at SSTO...already in overbought territory...the question is...are we in for the long term...? This is the common question most people ask....look at yourself...in EUR/USD I really avoid getting into this situation but here I go into G/J but just for 10 pips profit...but G/J goes up to +24 pips...then look at the next candle....red candle....G/J moves down and just bcz ssto is in overbought zone....despite G/J After this it was made that if we had held the position and waited, there would have been an uptrend and given many points...but frankly, even I was not sure, G/J would have maintained his uptrend. Even not from the four hour chart...so I avoid getting into this situation...because I never want to make even one wrong entry...I know I will find many other opportunities...so that's all there is to know!
Precautions! ! !
A void entry into dead markets, especially EUR/USD…
Avoid going in before and after the news half hour...
SSTO is very important to monitor before entering long and short positions…
I have no experience with my system on other pairs, only good experience on E/U, now G/J and U/C... but my experience on G/J is only 16/17 successful trades... Fortunately, my SL of -20 pips on G/J has not been reached yet... Wish these screenshots were from my digital camera. Help you haha because I don't know why and what's the problem I have to scan the screenshot...
Need advice, welcome...
So let’s talk about some tips for generating ideas!
thank you very much....
Umair ....good luck to you....
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