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i use this indicator at TF H1 or H4... these are the most suited if we want to look at... it's clear.. the color magenta indicator is about 75 from open price, assumed that price go high about 75 pips or go down about 75 pips. we only place pending orders greater than 75 pips from open price, it means we place PO outside the magenta color. you may backtest from the chart history using this indicator...Quote:
Originally Posted by joget
do you use mt4 at 5 digits broker ? maybe it's the problem, so the indicator cannot be used. i have same indicator for 5 digits...Quote:
Originally Posted by sweetrevenge88
if this is the problem, i will share the indicator for you and then you can use to get profits in the market.
today, only pair EJ has touched. two pending orders touched and took profit 10 pips each. Well, it show that fantastic four can makes profit...
i get greater than 350 by using this strategy and tomorrow makes profits again with fantastic four
ok, this is the trading result today
Spoiler:
Looks like really great indicator I don't like Indicator so much but it looks like good I will try it today But can any one tell me is there any draw back of this indicator mean is it show false signal??
i have explained the rule at the first page, ok the rule is :Quote:
Originally Posted by tervarto
1. put pending orders outside the magenta color lines, four levels sell limit and four levels buy limit at price ending in 00, 20, 50, 80
2. take profits 10 pips each
3. you can put several pairs like EU, GU, NU, AU, UC, EJ, or another with small spread
4. close the chart and enjoy your day
5. at night open the chart and look at the pending orders that touched and took profit...
don't forget to close PO that haven't touched...
repeat these tomorrow.
i don't like indicators too. indicators give us the false signal, and i prefer to trade with the price, price ending in 00,20,50,80..Quote:
Originally Posted by kuttus
notice those fantastic prices... the price usually bounces.
so you can try this and you don't need to look at the chart... always.. i guarantee you will get profits... zero loss...
ok friends, i will appreciate if you want to backtest from 6 years ago.. i will thank you for helping me to make Expert advisor for this strategy.. i never used EA for trading, i prefer manual. but if you want to make EA for this strategy, it can be more powerful.Quote:
Originally Posted by even89
generally, there are three rules for this strategy.. i have explained only one rule... outside the magenta color lines.
because it's the safest trading without look at the chart...
How could you get 100% profit it is iut of my thinking limit. I did not hear that any strategy is 100% immune but it looks that your strategy is good for using. I will give it a try. And how you set your orders please specify.
i have used this strategy for 2 months and i have gotten profits. each PO has 200 pips equity so that if we put OP at outside magenta color, if the price against our OP, the price will be back and we can get profit... you can backtest with my indicator that i have share.Quote:
Originally Posted by naziafarhan
for examples EJ yesterday... notice the price at outside magenta... which i have given yellow box..
i have gotten profits from those..
Today AUD-USD go up to 1.0400... I have placed PO at 1.0380 and 1.0400... These PO have touched and took profit 10 pips each...
I only put PO at the morning and leave the chart and at 2.00 pm i look the chart and i know my PO have touched and took profit 10pips...
This the screenshot