I noticed that for gold in the M15 charts, about 15 minutes before NY closes,
the trend reverses.
The problem is that the volume is very low.
If you scalp, use RSI(3), Stoch (5,3,3), MACD (4,10,5), or ZeroLag Stoch (5,3,3) to confirm the entry.
Re: Banzai's MT5 Trading System
Posted: Mon Nov 24, 2025 10:50 am
by Banzai
FTLM-FastTrendLineMomentum (on/offbutton)
Here's the ON/OFF button version of FTLM - Fast Trend Line Momentum
Please put the "SmoothAlgorithms.mqh" file in the include folder: MQL5 > Include
And this indicator in the EZGreenArrows folder: MQL5 > Indicators > EZGreenArrows
Thank you.
Re: Banzai's MT5 Trading System
Posted: Mon Nov 24, 2025 7:36 pm
by Banzai
Banzai wrote: Mon Nov 24, 2025 10:50 amFTLM-FastTrendLineMomentum (on/offbutton)
Here's the ON/OFF button version of FTLM - Fast Trend Line Momentum
Please put the "SmoothAlgorithms.mqh" file in the include folder: MQL5 > Include
And this indicator in the EZGreenArrows folder: MQL5 > Indicators > EZGreenArrows
Thank you.
FTLM.png
Please use this new version.
The old version repainted the arrows.
Gold rises on stronger Fed rate cut bets, weaker dollar
Re: Banzai's MT5 Trading System
Posted: Tue Nov 25, 2025 12:27 pm
by Banzai
In a downtrend, prices will go from one big volume to the next. Just look to the left.
Re: Banzai's MT5 Trading System
Posted: Tue Nov 25, 2025 12:49 pm
by Banzai
Week 2 is last week.
HIGH of Week 2 @ $4132.72 means there is a resistance @ $4132.72
When a candle rests above the resistance, go LONG/BUY on the next candle.
The resistance becomes a SUPPORT.
This is a very useful indicator.
Re: Banzai's MT5 Trading System
Posted: Tue Nov 25, 2025 2:07 pm
by Banzai
RSI(3)tofindPeaks&Troughs (on/offbutton)
Use RSI (3) to find peaks and troughs.
When RSI (3) crosses up level 30, go LONG/BUY.
When RSI (3) crosses down level 70, go SHORT/SELL.
Very useful indicator.
I give you RSI (14) too, just in case.