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Re: TREND FOLLOWING SYSTEM USING MLADEN'S AND MRTOOL'S INDICATORS

Krelian99, Wed Feb 28, 2018 11:12 pm

rijay wrote: Wed Feb 28, 2018 9:26 pm hello, Krelian99
nice to hear from you,
you are welcomed to add your indicators on this system and also your new ideas on this system
do repost your indicators and templets here with your modifications.
it will be welcomed step to improvise the system.
thanks
My basic template is the one of PVSRA from FF.com (so no need to repost it here) and I have it 2.5 years. The few adds I made is a simple RSX(5) and a thing that makes it more convenient for me to see events more earlier (but would confuse you more than it helps). I trade on M5 GBPAUD and look for S/R here and on M30. I draw the S/R lines only on M30. Simple and all you need to read the whole chart and to decide where the price will most likely go next. No adapting, no guessing and hoping. The strategy has as leading indicator the Volume Ticks and I see how price reacts to S/R lines.

I didn't played much with settings or modified since I changed to PVSRA template, no need for. Before that, I lost a whole year collecting over thousand indicators, testing and changing the settings in quite random strategies as you do, but I already knew from Zulu (I can't recommend it) there must be more. My traders I followed traded anti-cyclical and they knew very well when the market was at a turning point. That I also wanted to achieve, but never obtained it with indicators alone. I don't say indicators are bad, but you must know how to use them and they must have synergy to your strategy. I would say, you must can trade before you take indicators into account.

BTW, what you post is no system, so much is missing for a system. There is no money management, risk management, risk analysis (risk of ruin and so on), no rules when to enter or to exit, no... so much is missing to call it a system. It should be trend following, but MACD with default setting is much to fast for trends and the step OMA... I guess you see it yourself and you list is totally nonsense. And the arrow thing - noone who claims to be a real trader uses an arrow something-something - this is Kindergarten. Sorry to say that, but I guess you want to develop yourself and noone learns when all just cry "Hooray! Well done." I wished I had someone who said "Tobi, you can do it like that, but then it is sh*t." You don't know mladen very good. When he see your strategy, he probably facepalm hard. And now, Nas will be angry with me again for criticizing beginners, so I hope he has eaten well today :)

EURUSD H4 is at an interesting point. ABCD or back in the correction? We will know soon.
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