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Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 2:37 am
by Jedidiah
mrtools wrote: Mon Nov 11, 2019 2:22 am
Added the alerts.
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 4:50 pm
by Jedidiah
Jimmy wrote: Mon Jan 01, 2018 7:21 pm
Happy New Year to our dearest Forex Station members!
Here is one of my favourite indicators made by Mladen, the Bollinger Band Sqeeze which was posted earlier in the thread but this version has been fixed to work with MT4 1090 display issue. Also reposted on our social media pages as the old social media link does not work anymore after the forum was migrated to PhpBB earlier last year.
bbsqueeze alerts (mtf & multi symbol) 1090 fix.mq4
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 4:50 pm
by Jedidiah
Banzai wrote: Mon Jan 06, 2020 4:49 am
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s.
It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
Attached is a template to trade the
Zerolag MACD.
There are 3 bbsqueeze indicators. One for EMA12. One for EMA26. And one for EMA9.
rex X means that the Bollinger band is squeezed inside the Keltner channel.
Do not trade.
green dots means it's
OK to trade.
As you can see in the following example, EURUSD is consolidating in the Asian session.
The Bollinger bands of EMA12, EMA26, EMA9 are squeezed.
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 6:02 pm
by PumbaPLS
Maybe something for you?
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 6:38 pm
by Jedidiah
PumbaPLS wrote: Mon Jun 06, 2022 6:02 pm
Maybe something for you?
Hi PumbaPLS
Hahaha thanks for sharing this gem.
I am very desperate to find an accurate way to avoid the range market and follow the trend accurately
Regards,
Honje19960321
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 6:58 pm
by Jedidiah
mrtools wrote: Mon Jul 01, 2019 1:27 am
Added alerts and made it more userfriendly.
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 7:04 pm
by Jedidiah
I am a 30-Second Man
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 8:06 pm
by zookeeper
honje19960321 wrote: Mon Jun 06, 2022 7:04 pm
I am a 30-Second Man
thats what she said
Re: Honje's collection of indicators, strategies and trading journals
Posted: Mon Jun 06, 2022 11:16 pm
by Jedidiah
The 3 Step Breakout Strategy (adapted from dailyfx article)
Volatility breeds breakout trading opportunities.
24-period Donchian Channel on an Hourly chart can give us medium term trade entries.
Stops can be set opposite of the channel break using 1:2 risk and reward ratio.
Step 1: Look for Volatility
Not all market conditions are ripe for breakout trading. We need to first find the pairs that have shown the most volatility.
Step 2: Find Trade Entries Using Donchian (Price) Channels
Support and resistance levels are subjective and can vary from trader to trader. So to more clearly define our entry levels, we use Donchian Channels or Price Channels.
Step 3: Easy Exits Using Stops and Limits
No strategy is complete without an exit strategy. Fortunately, the Donchian Channel can assist in setting one up. We first want to focus on our stop. I recommend setting our stop loss beyond the other side of the channel. So if the price broke below the bottom line and created a sell trade, we would set our stop a few pips above the top line. If price broke above the top line and created a buy trade, we would set our stop a few pips below the bottom line.
Re: Honje's collection of indicators, strategies and trading journals
Posted: Tue Jun 07, 2022 1:19 pm
by Jedidiah
Banzai wrote: Sat Feb 08, 2020 5:31 am
I tried thousands of indicators and the only one I'm comfortable with are
Moving Average Ribbons/Guppy, Bollinger Bands, any histogram indicator, Fibonacci lines, and Stochastic.
They're all lagging indicators but all I need is a good signal everyday.