TP Tree Method | Foreign exchange indicator download-MT4/MT5 resources-MetaTrader 5 resources
I hope people who read and respond to this thread will enjoy this system. Many methods already exist in other threads on this forum.
Some interesting features of this system:
1. No indicators.
2. Don’t care about market direction.
3. The risk/reward ratio of the initial trade may be 3 risk: 1 reward, but you will still end up making a profit.
(I hope I didn't give anything away.)
4. Profits can be made in both volatile and trending markets.
5. Even if 10,000 people trade on the system, it is possible/impossible for anyone to know when these people enter the market. There is no universal entry point.
(Again, I hope I didn't give it away right away.)
I'm not entirely sure how to present this method. I'll start to see where it goes.
The idea of this system is very much a permutation of Tkimbles' weekly and daily scalping methods. You can check it out here:
1. Daily scalping
2. Weekly reselling
These systems already work to some extent. However I always thought they were inefficient. This is because the reasons why I believe these systems work are very different from the reasons why traders of these systems believe they work.
These systems include SAR trading in addition to straddle entry points on daily or weekly candle opening prices. If their long trade is triggered, then they will adjust their stop to the previous short trigger. They then trade the SAR within a tight range until a trend is established that moves the price far enough away from the SL to overcome the previous stop loss trade and ultimately take a profit. As it happens, using time frames (such as closing open trades at the end of daily/weekly candles) has proven to be somewhat profitable.
However, I don't think it really means anything when a candle goes out. I also don't think there's any merit in putting a straddle flip-flop around any price for this type of system. I say this because I believe the real theory that drives this system is that we are willing to go through several stop-loss trades in order to eventually hit a big winner that exits the range we set and puts us back in profit.
Before I get into a more detailed way, I'll end this article as my wiki. Hopefully if there's enough interest, great ideas will emerge that need to be tracked. The first article will serve as an index for posts, files, etc.
Please be polite, but be critical. Now, enter the system.
Some interesting features of this system:
1. No indicators.
2. Don’t care about market direction.
3. The risk/reward ratio of the initial trade may be 3 risk: 1 reward, but you will still end up making a profit.
(I hope I didn't give anything away.)
4. Profits can be made in both volatile and trending markets.
5. Even if 10,000 people trade on the system, it is possible/impossible for anyone to know when these people enter the market. There is no universal entry point.
(Again, I hope I didn't give it away right away.)
I'm not entirely sure how to present this method. I'll start to see where it goes.
The idea of this system is very much a permutation of Tkimbles' weekly and daily scalping methods. You can check it out here:
1. Daily scalping
2. Weekly reselling
These systems already work to some extent. However I always thought they were inefficient. This is because the reasons why I believe these systems work are very different from the reasons why traders of these systems believe they work.
These systems include SAR trading in addition to straddle entry points on daily or weekly candle opening prices. If their long trade is triggered, then they will adjust their stop to the previous short trigger. They then trade the SAR within a tight range until a trend is established that moves the price far enough away from the SL to overcome the previous stop loss trade and ultimately take a profit. As it happens, using time frames (such as closing open trades at the end of daily/weekly candles) has proven to be somewhat profitable.
However, I don't think it really means anything when a candle goes out. I also don't think there's any merit in putting a straddle flip-flop around any price for this type of system. I say this because I believe the real theory that drives this system is that we are willing to go through several stop-loss trades in order to eventually hit a big winner that exits the range we set and puts us back in profit.
Before I get into a more detailed way, I'll end this article as my wiki. Hopefully if there's enough interest, great ideas will emerge that need to be tracked. The first article will serve as an index for posts, files, etc.
Please be polite, but be critical. Now, enter the system.
📦 Summary of post attachments (3)
Below are all the files (3) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •