Thanks a lot for your helpful and informative threads and i'm already downloaded all of those important template in forex.
I would like to install forex template for my trading.
Thanks a lot for your helpful and informative threads and i'm already downloaded all of those important template in forex.
I would like to install forex template for my trading.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
You are a superstar! Thanks a lot for sharing these and showing pictures. I am going to download them and I will see how they work. I can not ask more than that. it is not good to use the others strategy because i hope the trading is the profit of the knowledge. so need to spend the skill...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
You are a superstar! Thanks a lot for sharing these and showing pictures. I am going to download them and I will see how they work. This forum is getting better and better day by day. All of you lovely people sharing your resources and make this forum such a treasure. I can not ask more than that.
---------- Post added at 09:53 AM ---------- Previous post was at 09:53 AM ----------
You are a superstar! Thanks a lot for sharing these and showing pictures. I am going to download them and I will see how they work. This forum is getting better and better day by day. All of you lovely people sharing your resources and make this forum such a treasure. I can not ask more than that. it is not good to use the others strategy because i hope the trading is the profit of the knowledge. so need to spend the skill.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I have never use a RSI crossing ever. I would really like to try this out. further i have notice in both images that there are doji/hammer patterns appear before opening the position. do we specifically have to watch for that pattern too?
In what time frames we can use this strategy? can we use this in short term like M5/M15/M30 .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
You are a superstar! Thanks a lot for sharing these and showing pictures. I am going to download them and I will see how they work. This forum is getting better and better day by day. All of you lovely people sharing your resources and make this forum such a treasure. I can not ask more than that.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Click to download template:
Click to download auto pivot indicator:Code:https://www.cx.com/mycx/share/Hb7tQr06EeGeOhICOBtLIg/ati%20rsi%20ema.tpl
Code:http://www.mediafire.com/file/b4q5240i7b6gu1e/###Auto_Pivot2.ex4
INSTAL THE TEMPLATE.
To install, click my computer, local disk, program files, broker folder, templatesthen copy and paste it in the folder. Restart your MT4.right click on any chart.and click on template name, then you have the template right. You can now right click on the chart again, select properties and change the grid color to black for better picture.
PAIRS: GBP/USD,EUR/USD,EUR/JPY,NZD/USD,AUD/USD
TOOLS : MA 28(applied to chart), ATR(20),RSI 8 and MA 8(applied to first data box)
Note : All the tools are already installed alongside the template.
LONG ENTRY RULES.
Enter your long trade when the RSI crosses its moving average. We BUY when RSI crosses the moving average from below, that means the value of the RSI must be above its MA .It is vital to note that a cross is only validated after the daily candle has closed .Also make sure that the candle closes right above the MA28(red).We dont take a trade on the day when the cross has formed as it may disappear later in the day.
We enter the trade as soon as the new candle is formed i.e. at the opening price.
FIG 1
SHORT ENTRY RULES.
Enter you short trade when the RSI crosses its moving average. We SELL when RSI crosses the moving from above. It means the value of the RSI must be below its MA It is vital to note that a cross is only validated after the daily candle has closed. Also make sure that the candle closes right below the MA 28 (red). We dont trade on the day when the cross has formed as it may disappear later in the day.
We enter the trade as soon as the new candle is formed i.e. at the opening price.
FIG 2
STOP LOSS.
We will use the percentage of the ATR (Average True Range) as stop loss level. The ATR shows numerically volatile a currency has been recently. A small ATR (30-50pips) shows the daily ranges has been small, this currency pair is moving very little. A higher ATR(100 200pips) shows a currency pair on a rollercoaster, either in a strong trend or ranging wildly. Obviously for a high ATR,we need a stop to give the trade some room to breathe. The ideal stop loss level is a stop of 75% ATR(20).
FIG 3
EXIT TRADE
No rules for exit in this method. You can just let the trade run for as long as you wish with a trailing stop loss or loose the trade at the end of the day.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Ahmadali (2019-08-29), badare001 (2013-05-29), marymirella (2013-11-22), nidhi (2013-11-06), raheel001 (2020-11-01), sayempharm (2012-09-29)
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