Blue boy system | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources

Welcome Everyone For four years I have been trying to become a discretionary price action trader, but at the same time I was looking for a mechanical system that was clear, simple, and easy to execute.

Drawing inspiration from different sources, it looks like I have finally found some trend following formulas that are very simple to execute and also give satisfactory results on EURUSD

tool:
EMA55
kijun-sen + tenkan-sen (part of Ichimoku Metalwork)
Osma Flat Price Action (pullback)

Long entry rules (opposite for short):
1) The first long signal (preparation signal):
The closing price of the 15 minute price bar must be above three lines: ema55, kijun sen, tenkan sen and osma must be positive and heiken ashi must be bullish:
2) Retracement Period: We are waiting for specific price action that may occur on the next candle or any number of subsequent candles.
3) Second bull signal (entry signal): We enter the market a second or two before the close of the second bull signal.

Simply put, what we are looking for is a bull signal, then some pullbacks, and finally a second bull signal again.

Long term exit strategy (referred to as the opposite):
1) Initial stop loss is -30 pips
2) When price reaches +30pips SL should move to BE or kijun-sen if it is above BE point.
3) After that, we simply trail our stop loss with kijun sen (the stop loss should be 1 pip lower than the kijun sen – or lower than your broker’s spread) and then we wait patiently for the stop loss to be taken.

Recommended entry time:
Start time: 3 hours before London Open.
End: 1 hour before London close.

Reversal rules:
If we are in a long trade and a second short signal occurs, we close the long trade and open a short trade.
We can reverse only within the recommended entry period, after which we ignore all signals and wait for stop loss (profit or loss)
You can reverse the trade only after a valid reversal signal occurs during the next trading period starting 3 hours before the London opening


Continuation rules:
If we are in a stopped long trade (with profit or loss), we again enter the next bullish signal if it appears.
If we have an open long trade, we ignore all other long entry signals until the long trade is closed (with profit or loss)
If we have an open trade (long or short), we ignore any signals that occur after the recommended trading time. You just manage your stop loss and wait for the stop loss to close the trade (profit or loss)

index


These 3 custom indicators clearly point to entry signals.

Govinda_Arrow: ()
Signal arrows – they appear after the candle closes.
Red point – where the initial SL should be placed Green point – when the price reaches this level we move the stop loss to the BE point or kijun sen.
Arrows only appear when:
1) The previous candle did not meet all the required conditions, while the current candle meets all conditions
2) The previous candle meets all conditions and the current candle also meets all conditions and retraces to the EMA55, kijun-sen and tenkan-sen areas (or at least touches one of the lines)

Govinda Live: ()
Light blue bar – preparation for a long signal Blue bar – signal for a long entry Gold bar – preparation for a short signal Red bar – signal for a short entry.

Additional notes on long transactions:
1) First light blue bar = first bullish arrow = bullish readiness signal
2) All the light blue bars below just tell us that the dark blue bars (entry signals) may appear soon
3) Dark blue bar (entry signal) = second or any other consecutive bullish arrow.

Govinda Math: You don't have to open this indicator on the chart (it shows nothing), but you have to put it in the /experts/indicators folder. (Heiken Ashi indicator slightly modified to only calculate HAopen and HAclose)