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FX Alphatrader.
Hello,
I am new in this forum and I want to show you a trendfollowing strategy which I have found on this site:
http://alphatrader1.wordpress.com/
You can download it here:
http://alphatrader1.wordpress.com/version-2-0/
It is a trendfollowing strategy which looks in the higher Timeframes of D1 and W1, entries will be shown and down in H4.
On the Picture you can see the trends on W1 and D1 at the red and violett line, if price crosses the white line, the first RSI-histo is under the black MA and the second RSI is negativ and the Alarm is shown the you can enter the trade.
Greets Triplex
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I'm demoing it since a few months on instaforex, you can see this on this link:
http://www.myfxbook.com/members/Trip...atrader/151165
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Hello medhat4forex,
thank you for your reply. The author of the strategy also uses support/resistance and trendlines but I don't use them in this strategy. I am using 3 strategies, 2 indicatorbased strategies and 1 based on price action.
At the alphatraderstrategy there are also some false signals, in my myfxbook-link you can see that I have got only 59% Winners(62% long and 56% short).
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additional notes 1 for the strategy:
when a signal comes I'm also looking on W1 off the Chart, not only the Indis on H4. I'm looking on W1 onto the RSI-Indicator in the bottom(the second one) and only trade in this direction.
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2 Attachment(s)
additional notes 2 for the strategy:
I'm using a strict money management and my risk is only 1 % from the account and a RR of 1:1, I don't use the TP and SL from the signal, I'm using SL to the last high/low and in the same row the TP. I'm using some scripts for MT4, I will put them in an separat folder to download
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Hi triplex,
i see it right that this strategy is not so good for range markets or? It seems to be good for trend markets. But let me ask you a question, how do you keep overview over different pairs?
Will the alphatrader do a voice signal when a sell oder buy signal comes?
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Hi Snoopy1234,
I'm looking every 4 hours on all major pairs and crosses, but not in the night. The SIgnal comes on the right upper sight und makes an audio alarm.
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Ok thank you,
and hows about lower timeframes? Do you have tested the system only in h4 or works it better or not so good in lower timeframes. I have made good experience with other manual tradingsystems most works very nice in m15. Do you have tried it? Works it with it?
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Hi,
no I don't test it with lower TFs but I think it will work on lower TFs, you have make some changes in the indicator parameter, then it will work
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Hello PyarPyarPhet,
I'm using it mainly in Europe and US session. I'm using it on roundabout 28 pairs, in the future I want to use it also on commodities.