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Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 12:51 am
by PumbaPLS
[TDT] Reich System:

Welcome ForexStationeers,

Reich System (Reich is German and means Rich) is a System build on the experience I have gathered through my 6Years of Trading,
that includes the Wisdom shared on ForexStation and on other various Sites.

_______________________________________________________________________________________________

How to use this System:

I primarily Swing Trade Forex so I personally focus on the 4Hour and Daily Timeframe Chart.

At first you might get overwhelmed looking at the Screenshot and the amount of indicators you see on the Chart, but dont worry.
All of my Indicators are working in tandem.
Meaning they synergise with each other, but are still different enough to filter bad trades out.


Entry Continuation:

First we have to understand the Trend direction.

The Subwindow, Candle colour and the MA's help you with that.

  • MA`s must have both the same colour
  • The Subwindow must have same colour as desired direction
  • Spike indicator is not allowed to show coloured spikes in your desired direction
  • VMA Candle Colour must be same colour as desired direction
Enter on Arrow Signal if everything agrees!


Entry Reversal:


  • The Spike Indicator must show a coloured spike
  • The RSI (subwindow) must change colour
  • The VMA Candle must change colour
Enter on Arrow Signal!

Entry Breakout:

If you pay attention you see the VMA Candle changing to a Line, this is the Market pausing.
This is the time you want to look for a breakout Candle, meaning VMA changing from a Line to a Candle.


  • MA`s must have both the same colour
  • The Subwindow must have same colour as desired direction
  • Spike indicator is not allowed to show coloured spikes in your desired direction
  • VMA Candle Colour must be same colour as desired direction
  • Arrow Signal in desired direction
Enter when VMA line turns to Candle!


Exit:

Here we have several Options, there isnt a best or worst.
It solely depends on your personality and how long you like it stay in a trade


  • Exit when the faster MA changes colour
  • Exit when VMA changes to a line
  • Exit when fast RSI changed colour
  • Exit on Spike indicator coloured spike
  • Exit on VMA Candle Colour change
  • Exit on Donchian Channel
___________________________________________________________________________________________

Basic Chart Explaination

Entry Continuation Example:

Entry Reversal Example:

Entry Breakout Example:

_______________________________________________________________________

Indicator & Template:
Please put the folder, NOT just indicators inside the MT4 -> Indicator folder

You may need to adjust the Currency Strength Indicator's place based on your Monitors resolution

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 1:09 am
by Jedidiah
Great system,
thanks to PumbaPLS
of sharing.
For my newbie with only 1 year of trading experience.
very meaningful.
Gratitude


I am interested in trading the 4 hour chart
I figured out one thing. . Larger period chart trends are less prone to extreme market trends.
Extreme market conditions can easily lead to losses.
Also, you can see the direction for the day at a glance.
Can I understand it this way?

I have a question,
how much margin do I need to trade 30 minutes, 1 hour, 4 hours charts,
enough to keep the positions from being liquidated?

honje

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 1:13 am
by Jedidiah
A reminder to friends whose charts cannot be displayed properly after downloading Reich System Ind&TPL. .
You need to put both TDT Reich System and Market in the Indicators folder.
D:\MT4S\MetaTrader 4 EXNESS\MQL4\Indicators

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 1:24 am
by PumbaPLS
honje19960321 wrote: Sat Oct 08, 2022 1:09 am Great system,
thanks to PumbaPLS
of sharing.
For my newbie with only 1 year of trading experience.
very meaningful.
Gratitude


I am interested in trading the 4 hour chart
I figured out one thing. . Larger period chart trends are less prone to extreme market trends.
Extreme market conditions can easily lead to losses.
Also, you can see the direction for the day at a glance.
Can I understand it this way?

I have a question,
how much margin do I need to trade 30 minutes, 1 hour, 4 hours charts,
enough to keep the positions from being liquidated?

honje
HTF is more consistent and less often changing than lower timeframes.
The lower you go with the timeframe the more prone you are to make mistakes.

Faster decision making, more decisions need to be made and the list goes on.

Most traders would do much better if they just traded higher timeframes... but I came to the conclusions that most traders only initially start trading because they want to make money. That goal slowly subconsciously changes though.

Anyway... i could write a whole book now here.. butbi will stop here.

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 3:24 am
by Chickenspicy
PumbaPLS wrote: Sat Oct 08, 2022 12:51 am [TDT] Reich System:

THATS ALOT OF DAMAGE


Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 5:17 am
by Dego
I will just ask directly. Does any of the indicators repaint?

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 5:17 am
by Meyney
PumbaPLS wrote: Sat Oct 08, 2022 12:51 am [TDT] Reich System:

Welcome ForexStationeers,

Reich System (Reich is German and means Rich) is a System build on the experience I have gathered through my 6Years of Trading,
that includes the Wisdom shared on ForexStation and on other various Sites.
Looks nice your swing template

best M.

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 6:00 am
by mirfai
BeatlemaniaSA wrote: Mon Oct 03, 2022 6:37 am Simple and clean PumbaPLS. Very nice! :thumbup:

Your Holy Grail is up to #350 but soon we'll seek no more ;) :D

I have the "Holy" half in XU-Hybrid 5.0 already and now I am just preparing the "Grail" :sweat:

I'll let you know if I have it by the end of this week ;)
Hai pumba, can u share this two indicator from your post..tq

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 7:30 am
by PumbaPLS
Dego wrote: Sat Oct 08, 2022 5:17 am I will just ask directly. Does any of the indicators repaint?
Arzz repaints, as its a form of semafor. It doesnt repaint that hard though.
I personally like it more than other types of semafors.

The Spike indicator repaints, this isnt necessarily there though to get you in a trade, but rather a warning sign that you might want to slowly get out of your current trade.

Try it out, or dont. Both works!

Re: Mentorship and Signals

Posted: Sat Oct 08, 2022 9:24 am
by DaveTrader
Looks like another weekend of watching Bitcoin move. Nicely done on laying out the rules too.
Thank you for sharing your time and effort