Re: Pumba´s - Swing Trading System

171
ChuChu Rocket wrote: Wed Mar 23, 2022 8:20 pm It's impressive to see how much the AMR (Average Monthly Range) line is currently acting as Support on Spot Gold :Shocked:

It's laying dormant at the AMR right now but I'm looking for a Long signal and a blast to the upside still
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Yes! I am also still waiting for a potential bullish move!

Thats why I just took a small short Trade given the signal was very good.

AMR is a very powerful tool
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moey_dw
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew


Re: Pumba´s - Swing Trading System

174
promixer wrote: Wed Mar 23, 2022 10:24 pm Just curious why you didn't take the trade at the arrow? You wanted another confirmation of breaking the trendline?
We were still in the middle of the range/consolidation so I wanted a confirmation yes! Else I would have taken the Trade a bit earlier which would have increased my RR by quite a bit. sometimes its better to play it more save!
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew


QuestionRe: Pumba´s - Swing Trading System

176
PumbaPLS wrote: Wed Mar 23, 2022 10:16 pm AMR is a very powerful tool
i wonder what cause price to react so much like get stuck or bounce on the AMR line........ like for me its a very intriguing thing cos yeah there is pivots, murray math, daily open etc etc but those got NOTHING on dis AMR the price really reacts 2 it man!!! 🤔🤔🤔

like what is mysterious is it is average monthly range & not even monthly high or low it is just AVERAGE range but it has huge effects on price........ so trippy!!!!
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Re: Pumba´s - Swing Trading System

177
moey_dw wrote: Thu Mar 24, 2022 2:33 am i wonder what cause price to react so much like get stuck or bounce on the AMR line........ like for me its a very intriguing thing cos yeah there is pivots, murray math, daily open etc etc but those got NOTHING on dis AMR the price really reacts 2 it man!!! 🤔🤔🤔

like what is mysterious is it is average monthly range & not even monthly high or low it is just AVERAGE range but it has huge effects on price........ so trippy!!!!
I'm aware some traders use ATR levels for support/resistance. Mostly as confluence, not standalone. So as well as AMR (monthly), you can also see a similar effect with average daily (ADR) and weekly (AWR) 👍
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PumbaPLS

Re: Pumba´s - Swing Trading System

178
moey_dw wrote: Thu Mar 24, 2022 2:33 am i wonder what cause price to react so much like get stuck or bounce on the AMR line........ like for me its a very intriguing thing cos yeah there is pivots, murray math, daily open etc etc but those got NOTHING on dis AMR the price really reacts 2 it man!!! 🤔🤔🤔

like what is mysterious is it is average monthly range & not even monthly high or low it is just AVERAGE range but it has huge effects on price........ so trippy!!!!
Its very simple and nothing special really.

Lets say GBPUSD moved 1 month 300pips the next month 320.. the next month 280...
The next month starts and it we now moved 300pios what is more likely to happen? Is GBPUSD moving now 100pips more in that direction? Or is it going hold/retrace?

Probability speaking

Imagine a ball that you push underwater, the deeper you go the more difficult it gets to push it further down, till you cant hold on anymore and it pushes back to the surface
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

LikeRe: Pumba´s - Swing Trading System

179
PumbaPLS wrote: Sun Mar 06, 2022 11:33 pm Pumba´s Swing Trading System

Entries:

🔻 Only Trade with the major Trend (Trend envelope)

🔻 Only Trade in the direction of APB Candle Color

🔻 Only Enter with Arrow Signal (ZWinner Alert)

🔻 Only Trade when Confirmation/Exit Indicator (QQE) confirms Trend
(Lines crossing)

🔻 Only Trade with RSI stepping UP/DOWN in your desired direction


Note: ZWinner is a simple 3 + 5 EMA cross Indicator, Arrows might disappear if MA´s are overlapped and Market changes direction, but it does not repaint
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Exiting:

Options

🔻 Exit with early Exit Indicator (QQE)

🔻 Exit when APB changed to opposite Color

🔻 Exit when AMR is hit

🔻 Exit at certain RR Target

____________________________________________________________________________________________________________________________________________________________________

Filtering:

🔻 Only Trade when Volatility Indicator shows “Volatility Valid”

🔻 Only Trade when Currency Indicator agrees

🔻 Only Trade when APB Candle has FULL Candle coloured

🔻 You may want to wait for a Pullback if AWR 100% is hit

🔻 You may want to wait for a Pullback if AMR 100% is hit

____________________________________________________________________________________________________________________________________________________________________


Updated Current Version


SwingTradingNNFXFinal.rar

Small Update thanks to MrTolls on the APB Indicator:
APBCandles.setAPB Candles - 1.01 (bt).ex4


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Older Versions:

SwingTradingNNFXv4.rar

SwingTradingNNFXv3.rar

SwingTradingNNFXv2.rar

SwingTradingNNFX.rar


If anyone has problems with the Planet indicator even while using the Updated Version then please use either of these: Be aware that Signals might differ on V6, so I suggest using the V3 (in updated Version) without showing the Dots or the "OnChart" Version, This Indicator is still being Updated continously at the moment.

OIY-PlanetX-Hist-v6.0.ex4
OIY-PlanetX-OnChart.ex4
OIY-PlanetX-Line-v7.0.ex4

You need to:
  • Unpack the .rar file from the first post.
  • Then you copy the .ex4 files in your MT4`s indicator folder.
  • The script files go in the script folder, the .tpl file you copy in the template folder.
  • Done this, in MT4 you refresh your indicators list and load the "ForexSwing" template
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I'm really thank you. I'm very interesting this trading system.
I'll try my trading with this system.
Practice make perfect.
Thanks so much again!
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PumbaPLS

Re: Pumba´s - Swing Trading System

180
Just wanted to mention an alternative indicator to Zwinner on Pumba's excellent set up.

Personally Zwinner creates far too much "noise" on my charts and too many false alerts.

I use a paid for indicator called "Gold Stuff" whilch eliminates pretty much all the noise Zwinner creates and leaves me with fewer (and far more accurate) alerts.

I've attached two screenshots taken this morning. The first has both Zwinner (red and green) & Gold Stuff (aqua & pink) alerts printed. The second screenshot has just Gold Stuff alerts. You decide which you prefer.

There is an almost identical free indicator to Gold stuff on MQL5 called IndoTrend. My only concern is that it seems to require far more resource to work. Maybe Mr Tools could take a look?
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