Directional Movement | Forex indicator download- MT4/MT5 resources
Hello everyone,
I've been trying to find the perfect system for the past four or five years.
This is the perfect system for me - every trader has his/her own special way of trading or analyzing the same piece of information.
When I work from home I want to trade on the 1 hour chart and I want to be able to decide whether to execute a trade quickly or not.
I can do this with this system about a minute before a new candle opens.
I've tried using just price action and every indicator I've ever coded, but there are two indicators I've been focusing on.
I reviewed G/J last year and the success rate was 80%.
I came to the conclusion that in a normal week, on average, of 5 trades, 4 will be profitable or break even, and 1 will be a total loss.
The average loss will be 50 to 60 points.
This means that as long as I lock in 60 pips each week, my average week should not be negative.
Indicators will follow.
Here is a screenshot of where I executed my trades this week.
Buying and selling occurs at the close of these candles.
I don't have a reliable exit method yet - I just use the average method - so any comments on this are welcome.
In Exhibit 6, I had trades that ended up being profitable (or breaking even), while one of the trades was just a loss.
Can anyone guess which two indicators I used?
I'll post them if anyone shows up and is interested.
I look forward to what people think.
Al
I've been trying to find the perfect system for the past four or five years.
This is the perfect system for me - every trader has his/her own special way of trading or analyzing the same piece of information.
When I work from home I want to trade on the 1 hour chart and I want to be able to decide whether to execute a trade quickly or not.
I can do this with this system about a minute before a new candle opens.
I've tried using just price action and every indicator I've ever coded, but there are two indicators I've been focusing on.
I reviewed G/J last year and the success rate was 80%.
I came to the conclusion that in a normal week, on average, of 5 trades, 4 will be profitable or break even, and 1 will be a total loss.
The average loss will be 50 to 60 points.
This means that as long as I lock in 60 pips each week, my average week should not be negative.
Indicators will follow.
Here is a screenshot of where I executed my trades this week.
Buying and selling occurs at the close of these candles.
I don't have a reliable exit method yet - I just use the average method - so any comments on this are welcome.
In Exhibit 6, I had trades that ended up being profitable (or breaking even), while one of the trades was just a loss.
Can anyone guess which two indicators I used?
I'll post them if anyone shows up and is interested.
I look forward to what people think.
Al
























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