Idyllic Trading (Idyllic Trading) | Forex Indicator Download - MT4/MT5 Resources
This is a system I've been using for a few weeks and I decided to share it with the FF community.
First a little background.
I have been trading for a few years and have been a break even trader most of the time. I work as a bricklayer most of the year, and I just make a small profit every day. Then I turned into a complete raving lunatic for a week, wiping out most of my gains over the years. By the end of the year, I was almost back where I started.
So this year I vowed to develop a system that would allow me to be more profitable while laying bricks while giving me a clear signal to stop trading when I enter a crazy cycle.
Enter my idyllic approach to trading. I think this system will be painfully obvious when there are no trades so I can sit calmly and wait for signals.
Platform: MetaTrader 4
Indicators used: AMA optimization, #4X 3 Semafor Alert, NonLagMA(55), SDX-TzPivots_v5,
Timetable: 5 minutes
Risk level: low
This is a very visual system, so we will be looking for visual confirmation of price action. I use pivot points as support and resistance, so I'm particularly interested in price movement around pivot levels.
rule:
Wait for price to reach a pivot level and look for a starburst - an indication that a swing low or market structure low is in place.
For long entries: Price is moving away (upwards) from the pivot level and the lag-free moving average is green. Confirmation to go long will draw a blue dot on the adaptive moving average. Once the bar with the blue dot is closed. Enter long. Stop loss will be 1 pip below the NoLag MA, but no more than 21 pips.
The exact opposite of a long entry, except we are looking for a red dot to draw to establish a short position.
Manage open trades: Initially set a target of 2x initial risk. Once you get a feel for the system, watch the candles and if a bull candle forms, use the Adaptive Moving Average as a trailing stop.
Once the price crosses the Adaptive Moving Average in the opposite direction to your trade - exit immediately.
If NoLag MA changes color - exit immediately.
Points of Interest: AMA does not draw any points during consolidation or chop, so do not place any trades when no points exist.
Points will be redrawn several times within 5 minutes, so please do not enter until the bar closes.
First a little background.
I have been trading for a few years and have been a break even trader most of the time. I work as a bricklayer most of the year, and I just make a small profit every day. Then I turned into a complete raving lunatic for a week, wiping out most of my gains over the years. By the end of the year, I was almost back where I started.
So this year I vowed to develop a system that would allow me to be more profitable while laying bricks while giving me a clear signal to stop trading when I enter a crazy cycle.
Enter my idyllic approach to trading. I think this system will be painfully obvious when there are no trades so I can sit calmly and wait for signals.
Platform: MetaTrader 4
Indicators used: AMA optimization, #4X 3 Semafor Alert, NonLagMA(55), SDX-TzPivots_v5,
Timetable: 5 minutes
Risk level: low
This is a very visual system, so we will be looking for visual confirmation of price action. I use pivot points as support and resistance, so I'm particularly interested in price movement around pivot levels.
rule:
Wait for price to reach a pivot level and look for a starburst - an indication that a swing low or market structure low is in place.
For long entries: Price is moving away (upwards) from the pivot level and the lag-free moving average is green. Confirmation to go long will draw a blue dot on the adaptive moving average. Once the bar with the blue dot is closed. Enter long. Stop loss will be 1 pip below the NoLag MA, but no more than 21 pips.
The exact opposite of a long entry, except we are looking for a red dot to draw to establish a short position.
Manage open trades: Initially set a target of 2x initial risk. Once you get a feel for the system, watch the candles and if a bull candle forms, use the Adaptive Moving Average as a trailing stop.
Once the price crosses the Adaptive Moving Average in the opposite direction to your trade - exit immediately.
If NoLag MA changes color - exit immediately.
Points of Interest: AMA does not draw any points during consolidation or chop, so do not place any trades when no points exist.
Points will be redrawn several times within 5 minutes, so please do not enter until the bar closes.
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