Hello,

I just engineered this reverse 4 Level Semaphore.

Its in reverse

The inputs are tweaked accordingly - reverse

MarcoHedge wrote: Sat Jan 14, 2023 8:20 pm Tma-channel+range cloud is the one im missing don t find it

Hello MacroTrader

maybe you could make a thread in the trading systems thread and we could discuss and further analyse your setup

keep on rocking

Sniper Algo

dmnik wrote: Tue Jan 31, 2023 6:20 am Sniper Algo

Does it repaint?

ffsss wrote: Tue Jan 31, 2023 7:46 am Does it repaint?

Yea

THE STRATEGY Fractal Geometry

We use the "first touch" principle. This means we buy/sell based on the first touch of a fractal line.

1) Fractal lines are derived by using the midpoints of impulse waves.

*****The modified fractal indicator is the basis for these derivations*****

RULES/OBSERVATIONS

#1) Fractals A, B , C, and D must be alternating highs and lows and vice versa.

#2) Major fractals are better than minor fractals but both are valid. Fractal D is the completion of our structure and can only appear after the 7th candle close (minor fractal). Major fractals appear after the 12th candle close.

#3) There can be NO other fractals between AB, BC, or CD

#4) We are looking for "uniform" impulse waves. We don't want to see messy, jagged price action between our fractal points.

#5) When fractal D appears we can then draw our structure. At this point, we want to see "price separation" from our fractal line (FL).

#6) Be EXTREMELY accurate in your drawing making sure your fractal line goes perfectly through each impulse wave midpoint. Entries are everything and can be remarkably different if the drawing is inaccurate.

#7) Note that some brokers use New York candle close time and some don't. Also, different spreads may affect when or if a fractal actually prints so you can get different structures or no structure at all for the same pair. The theory is still valid as long as you are consistent with your drawings.

#8) You do not have to buy/sell the first touch. If you feel that there is too much fundamental momentum when price is approaching your fractal line, then you can wait to see if price breaks through your fractal line with a convincing candle close past that line. Then you can buy/sell the other side of the line upon the first retracement back to the line. In essence, this would be like a trend continuation trade.

#9) We aren't trying to predict some big trend change. We are scalping fractal lines using higher time frames.

#10) Don't hesitate to enter a bit early with a FOMO trade. Maybe one entry a few pips before the line and one on the touch, then take profits on one early and let the other run if it's going in your favor. Be creative with your micromanagement.

NOTE: It will draw an invalid structure if you click on an invalid fractal. For example, you should click on the "A" fractal that you know starts a valid setup and it will draw the structure for you. Then click "C" to clear the drawing or click "F" to lock the drawing in place. However, even when locked in place you can still double click on any line to edit it or move it around.

What time frame and pairs does this work for?

This strategy can be used on any pair. I find it works best for me on 30M, 1H, and 4H time frames. For pairs with a large average daily range, I will sometimes consider a 15M time frame.

What makes a good potential structure?

I've found that the most important quality of a good structure is to have impulse waves that are fairly uniform and that are not too close together, not too short, not too long. There can be no other fractals inside any impulse wave. The structure consists of 4 fractals. The fractals can be minor or major. Minor fractals have a period of 7 candles. Major fractals have a period of 12 candles.

I suggest scouring your charts and looking for some nice even impulse waves and then drawing your structure to see what happened. After a while, finding these simple structures will become very easy.

How to set SL/TPs?

This is a personal choice but this is how I do it. I use a percentage of the 20-day average daily range (ADR indicator).

For example, let's assume our pair has a 20 day ADR OF 100 PIPS.

M30 CHART:

SL = 10-15% of 100 pips = 10-15 pips
TP = 20% of 100 pips = 20 pips

H1 CHART:

SL = 15-20% of 100 pips = 15-20 pips
TP = 30% of 100 pips = 30 pips

H4 CHART:

SL = 20-25% of 100 pips = 20-25 pips
TP = 40% of 100 pips = 40 pips

In this way, I can figure out my risk management parameters in advance and have them set in stone before the trade activates. This is only a general guideline. Each trader and each trade is unique so be creative and tailor your risk management in a way that works for you.

What if my trade gets stopped out?

No problem assuming you have used prudent risk management. If my trade gets stopped out, it tells me that price has strong momentum. If my trade was a sell of the first touch and I get stopped out, I just wait for a retrace back to the fractal line and buy on the retouch of the same line. And vice versa.

hai
please mark the exact entry point with respect to the center point slope line

The same principle is used here as in Trend direction && force index_(finger trap_4)_m092 (JMA inpPeriod_bs_ft is bound). But since there are two periods in the JMA z - score, two coefficients are used (coefficient_ft, coefficientZs_ft). You can not include them (inpPeriod_ft, inpPeriodZs_ft), then you will get a regular JMA z - score.

Green. JMA z - score ft.

experiment never stops...
here an idea but to modify the indicator rules same as per snap method..
mr.tools.
possible to update this way!!
rule
Blue line midpoint to next HL point position
Redline midpoint to next LH point position

see how nice