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What is trading rules for last template?

Hi Xard
in the indicator !!! - MT4 X-XARDFX-MAv5-g I think Trend & Signal line is missing.

stond

EURUSDM1 - small ~20pips.

I didn't have so much time today.
2things I notice which I can approve next time looking back from my trade:
1)better entry (it happens later after my entry with more tight squeezing of gold bands) (~5pips more from "better" entry)
2) surely I can ride those moves longer
So far im testing at 1min chart but 5min & 15min are also great.

Pikachu wrote: ↑

Tue Apr 28, 2020 2:50 am

EURUSDM1 - small ~20pips.

I didn't have so much time today.
2things I notice which I can approve next time looking back from my trade:
1)better entry (it happens later after my entry with more tight squeezing of gold bands) (~5pips more from "better" entry)
2) surely I can ride those moves longer

EURUSDM1.png

EURUSDM1x.png

So far im testing at 1min chart but 5min & 15min are also great.

Why you take a sell order if everything is buy? Only semaphor it is down.

Three in row with explanation.

xard777 wrote: ↑

Sat Apr 25, 2020 6:51 am

Update

Here is a screenshot of WS30 15min & 1hr Charts, you can see that I have gone back to using the GoldBands again.
It is still one of my favorites as you can see the squeeze just before the trend changes and you can follow the trade along the outer band lines.
By using the higher time frame you can stay in for a greater amount of pips coming off the trend line. At times you can see this coming off the Daily Open line too.
It is fewer trades but more Pip$ per trade.
I have tweaked the Trendline and RSI to work in sync with both the 15min & 1hr TFs making directional trading even easier with fewer false trades.
I will be posting the update later at the end of next week. Btw, the original Trend & Signal lines are set to false to hide them so they are still there if anyone wishes to continue using them.

All the best
Xard777

Is this lattest updates of 18th may..?

Cladi39 wrote: ↑

Tue Apr 28, 2020 8:23 am

Three in row with explanation.

Structurally this makes a lot of sense:
1 directional bias (why it is necessary to have more than one (trustworthy) trend indicator still escapes me)
2. entry (do you really base your entry on the repainter's signal? Because as long as it repaints you lose money - or do you wait for repainter+red candle?)
BUT
3. which signal/indicator defines your exit?

Cladi39 wrote: ↑

Tue Apr 28, 2020 6:54 am

Pikachu wrote: ↑

Tue Apr 28, 2020 2:50 am

EURUSDM1 - small ~20pips.

I didn't have so much time today.
2things I notice which I can approve next time looking back from my trade:
1)better entry (it happens later after my entry with more tight squeezing of gold bands) (~5pips more from "better" entry)
2) surely I can ride those moves longer

EURUSDM1.png

EURUSDM1x.png

So far im testing at 1min chart but 5min & 15min are also great.

Why you take a sell order if everything is buy? Only semaphor it is down.

Let me explain my thoughts:
1. (before picture) if you look at octavemath you can see its almost 1/8th for potential downmove. At this time I expected semafor to repaint further and therefore to be over 1/8th which indicates an overbought area.
And...
2. (before picture) On m1 chart you can see the tight squeeze and grey candle indicating we might go now downwards. Especially the squeeze that led me to take the sell order. I have to admit I rush too quickly as the squeeze was not "tight" enough. So that was me not acting clearly to the rules due to emotions. History shows that the gold bands "best condition" for me is when those bands almost touching the ma.
3. (after picture)
You can see price was retest near 1/8th level again and failed. Before red ma you can see grey candle and more tight squeeze which would have been a better entry by around 5pips difference. This is what I was initially looking for.

At 5min chart you can clearly see a better picture of the squeeze indicating upmove/downmove. I mark those with yellow lines including the semafor. At m1 chart its harder to see even when I zoom out completely. I have a crappy laptop with low resolution (1366x768) and its lagging.
I hope its clear now.

xard777 wrote: ↑

Sat Apr 25, 2020 6:51 am

Update
Xard777

I must admit your extreme spike worked very well on USDCHF this morning.
XARD: Yes, you can best use the extreme spike to exit your trade (not for entries).