Will the signals be picked up? The FF debate on a couple of pages.
Author's position: a signal appears if the price has gone beyond the borders of the bands. The signal will blink if the
price hangs back and forth at the border. After closing, it does not change (they argue about this
)Description:
Wait for H4 signal (circled 4) to appear
And only take trade when price poke the edge of H4 band.
Or you can gamble by taking trade that is very close to the edge of the H4 band.
Always manage your own risk because this system will have draw down.
Or you can drill down to lower time frame:
Wait for H1 signal (circled 1) to appear, M15 and M5 signal (asterisk) to appear
And only take trade when price poke the edge of the respective band.
Or you can gamble by taking trade that is very close to the edge of the respective band.
Always manage your own risk because this system will have draw down.
Be patience H4 and H1 signal are better than lower time frame.
Can use lower time frame to exit trade.
Or use lower time frame to scalp.
This is a very simple Band system don't add anything else to make it complicated.
Don't ask me is this system profitable or not.
Don't ask me how long have I being using this system.
Don't ask me to attach my Trade Explorer.
All this you can test and try on your own.
UPDATE 13 September: change of template and 1 additional indicator
Put all indicators into indicator folder and attached the template
Translation from Google (almost):
Wait until the H4 signal appears (number 4 in the circle)
And trade only when the price reaches the edge of the H4 channel.
Or you can enter by taking a signal that is very close to the edge of the H4 channel.
Always manage your own risk, because this system will have erroneous inputs.
Or you can go to a lower timeframe:
Wait until the H1 signal appears (circled 1), or the signals for M15 and M5 appear (asterisk)
And trade only when the price is at the border of the channel.
Be patient, the H4 and H1 signal is better than the lower timeframe.
You can use the signals of lower TFs to exit the transaction.
Or use younger TFs for scalping.
This is a very simple Band system, don't complicate it.
Do not ask me if this system is beneficial or not.
Do not ask me how long I use this system.
Do not ask me to attach my Trade Explorer.
You can test and try all this yourself.
UPDATE September 13: template change and 1 additional indicator
Place all indicators in the indicators folder and attach the template
