Try and close before the weekend. For me, if I'm in decent profit I'll close out before the weekend, but if I'm in drawdown I'll leave it as I trade in-line with the Monthly trend. Just be aware of negative Swaps as that can eat into your profit. PS: In regards to this system, if you look at my ...

Good day all. Is any talented coder able to change this indicator so that it gives alerts on a closed bar only? Thanks in advance.

Samoth wrote: Sat Mar 16, 2024 12:32 am better safe than sorry, a whopping 10 % profit trade thanks to the awesome gann triangle

Nice one! Which indicator creates those arrows?

Hi samoth, Yes, I generally follow the same checklist process. The first step though is to always check where price is in relation to value. This is extremely important. I do not trail my trades. I move them to break even once I feel they have moved sufficiently into profit. a personal decision ...

2024-02-28_Trading Perfection.png Thanks for sharing. Do you still only wait for the 5 XUMA to change? I notice they have all changed in your screenshot but that could just be a coincidence for this trade (I have noticed that sometimes they all flip at the same time). I assume the 5 XUMA is the ...

This is a really good indicator. Is it possible to implement in MT4? https://www.tradingview.com/script/hb6J9iHI-Trendline-Breakouts-With-Targets-ChartPrime/#:~:text=The%20Trendline%20Breakouts%20With%20Targets,breakdowns%20through%20pivot%20point%20analysis. // This source code is subject to the ...

Thank you. I was using a previous version where the candle colour only depended on the MAs which is why I was confused. Thanks for clearing it up.

This is probably a common question but is it usual for the candle colours to repaint? I was watching price as it crossed the moving averages and the candles remained grey for 5 or 6 5 min candles and then turned gold.

Is there anything you would have done differently here?

I waited for a close below the recent low (green line) before entering. Closed at when candle changed to blue.

Still learning so really appreciate your input!

It has been trending down with scalping trades on the short side on M5 but there is no clear longer time frame trend. The best trend trading is when you have the colours in sync on multiple time frames. I would say that with the white dot on the yellow 200SMA line on the M5 chart that there is a ...