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LikeRe: Simple Trading System

281 by kelvinchase
Cagliostro wrote: Sat Jun 06, 2026 5:58 pm Hello there - I will open a thread for the MT5 indicator to avoid confusion on Firesword's main thread. I planned to do some extra work on the code this weekend so please wait for the new version.


Hi Cagliostro, hope you’re doing well!
The indicator works amazing, thank you so much!
I just have a small request: the arrows are a bit far from the price. Could you please adjust them to be closer?
Also, could I confirm if the arrow calculation logic is exactly the same as @Firesword’s original version? （like look 2 arrows，big one, small one ）
I would really appreciate a direct port from the original system if possible.
Sorry for the trouble and thank you so much for your help!! ❤️

Re: Simple Trading System

282 by cladi53
Guys a have a question. I have e system that give me less signals in a year, but there is a good ones. Expiration 1 candle. How to take adventage of them ? If i use 5m time frame i get more signals but only give 2 pips, If I use 1 Hour and up time frame i get less signals but 5 to 10 pips. Its convenient only one trade with much money or accout %? or multiple entries in same candle with less %? You opinion will be gratefull.

Re: Simple Trading System

284 by firesword
Knight wrote: Fri Jun 05, 2026 2:24 am Thank you very much, I have been trying to use this system but it makes my terminal lag, would it be possible to optimize it or make a leaner version with just the Major, Minor and breakout signals and round numbers I don't mind drawing my fib manually like in the original system, I am already used to that anyway.
Hello Knight.

I'm not sure which of the indicators is causing your platform to lag.
You can try and delete them all, then add one by one and check which one is the problem.
I haven't programmed any of them so I can't help you with that.
If it is a zigzag pointer, you can use Zigzag that comes with your MT4,
just use our settings.
If it is the breakout signal, then trade without it.
Our main entries are round numbers and market turns at previous highs and lows,
so you can really trade without the breakout signal.
It's like ditching the training wheels I guess.

I hope that helps.

God bless.
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.

Re: Simple Trading System

285 by firesword
cladi53 wrote: Fri Jun 05, 2026 4:03 am Sorry Firesword, the breckout signals arrows are repainters?
Hello clasi53.
Yes ,any indicator that moves with the price is an updating indicator.
If it doesn't update then it is just a lagging indicator showing you what you can see without it anyway.
Breakout signal is just an alert arrow to alert you that the trend is likely over or at its last leg.
As I said ,there will be losses, that's a given.
Usually if the first BO arrow is a false alarm the one that pops up after that one is good to go with.
Again, no guarantees.
This is Forex. You go with the system and take your chances.

God bless.
These users thanked the author firesword for the post:
cladi53
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.

Re: Simple Trading System

286 by firesword
Knight wrote: Fri Jun 05, 2026 9:40 am Hello Family,

Thank you so much @firesword for such an amazing system

due to the lag on my terminal I experienced, I created a lightweight version of your Macro and Micro ZigZag peaks into one indicator, to see Major and Minor trend pullbacks and all before the breakout confirmation, it also has alerts as well, please enjoy
Thank you my good man.
I will give it a whirl, that's for sure.
Thank you for your time and generous contribution.

God bless.
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.

Re: Simple Trading System

287 by firesword
kevs1963 wrote: Fri Jun 05, 2026 10:40 pm Hello Firesword, I would like your esteemed opinion on this losing trade to see where I got this wrong or was it just an example of "not every entry is a win". The first Pic is just a zoomed out showing where price was heading, the yellow box is where previous price High Point there was also a breakout arrow (which has now disappeared) and I'm looking for the possible reversal. The second Pic shows zoom in why I thought this trade was good to go. Still showing large yellow dot and breakout arrow (now gone), Price dipped below round Num line. Then it pulled back above that round Num line, I took the trade on closure of the first bear candle below the round Num line. Price nearly hit the 50 pip but reversed up to my SL which I placed above the previous High (large dot). Is this not a valid trade?Screenshot 2026-06-05 131020.png
Hello kevs1963.
Yes my good man, there was nothing wrong with your trade.
Unfortunately we get those buggers.
It is just a business cost.
There is a winner just around the corner my friend.
Stay at it, you will do well.

God bless.
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.

Re: Simple Trading System

288 by firesword
kelvinchase wrote: Sun Jun 07, 2026 1:13 am This is an outstanding indicator with incredible practical value; I believe it will be a huge help for consistent profitable trading. Thank you so much for developing such an amazing tool for all of us traders!
One small issue I’ve run into: after installing it on MT4, the platform gets noticeably laggy and sluggish. I’m not quite sure what’s causing this performance slowdown.
Hello kelvinchase.
Yes this seems to be a problem with some other members too.
Unfortunately I have no expertise in indicator coding or programing.
I believe that my good man Knight has solved this with his indicator in one of the previous posts.

God bless.
These users thanked the author firesword for the post:
kelvinchase
As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.

Re: Simple Trading System

289 by Cagliostro
Good morning - testing on different instrument/timeframes/level strategies.

It looks pretty good. The hard part on non forex instruments is the round numbers approach.
image_2026-06-08_112304318.png
These users thanked the author Cagliostro for the post (total 8):
Dimkin, forexjoe85, craft174, ismasevi23, kudrpenk, kevs1963, COOLGAO, Shink
"I conjure from shadows and shape fortunes from the unseen. The treasure lies hidden in plain sight, beneath the sunlight." - Cagliostro
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