SadBuddy System

#1
The Buddy System

Thanks to Xard, Beatlemania, Mr.Tools, Kvak, Banzai, Jimmy and all the other awesome People in our Forexstation community I have managed to put an, I believe great System together.

Some may know my other Thread with an already profitable System shared.
Opening this new Thread doesn’t mean this one is better or that my other System is worse.
This is just different, and I started to like this System more as it fits me better. That’s all.

!Warning!
I am going to delete any stupid questions or unnecessary comments to keep this Thread clean

Over the Weekend I am going to open up a demo account with a myfxbook connected to it and I am going to share all Trades I take.
Please keep in mind that I have NOT forward tested this System anywhere long enough to be 120% sure that its going to be profitable.
I am also mainly going to Trade the 4Hour Timeframe as my main source of income comes from scalping Indices and I am not willing to spend too much time on Forex Charts.

I hope that everyone can get involved, share setups and ideas.
___________________________________________________________________________________________________

Those are the Vital-Points a mostly systematic approach needs (thanks to NNFX)

1. Baseline → Identifying the Trend
2. Confirmation 1 → Entry Signal
3. Confirmation 2 → confirming entry Signal
4. Volume Indicator → Indentifying low/high Volatility
5. Currency Strengh → Confirmation of the Trend/Momentum


__________________________________________________________________________________________________

Now let’s see what the Buddy System uses as its Vital-Points:

Baseline

The Baseline is a moving average ribbon. In this case called „T3MA-Ribbon “.
The Baseline makes sure we are trading in the right direction.
There are 2 ways to use it:

1. The Trend changes once it crossed the Ribbon
2. The Trend changes once the MAs are in the correct order

Both are valid reasons, the Ribbon cross happens faster than a change of MA order as you can imagine, this means entering on a Ribbon cross is an early sign of a Trend change but a true confirmation only happens once the MA order is correct as well.

Conclusion: Ribbon cross → early entry but higher Risk
MA order → later Entry but lower Risk


Confirmation 1

For our main Entry signal, we use the Arrow Signals, Arrow pointing down is a sell and an Arrow pointing up gives a buy signal.

Confirmation 2

In this case we have 2 confirmation Indicators which are also playing the role of the Volume indicator.

The WAE and the BollingerBands (Candles):

the WAE must be the same colour as the Entry Signal (Arrow).
The BollingerBands (Candles) must be the same colour as the Entry Signal (Arrow)


Volume Indicator(s)

As I mentioned already, we use 2 Volume indicators, the WAE and the BB-Candles.
For the WAE you must look at the size of the Bar shown, if its small it means there is low volatility in the Market and might be better not to trade. To understand whether a Bar is small or big you can either look to the left and eye the average size of the previous WAE Bars or use the ATR deadzone setting.

The BB-Candles indicate low Volume through the grey Candle colour. I recommend not to enter a Signal on a grey-coloured Candle.

Currency Strength

The Currency Strength indicator can be found in the same sub window as the WAE, as the name already suggests its showing you which currency is stronger for the current Pair and by how much.
This is a good Trend confirmation and should not be ignored. I suggest always trading the Trend of the Daily TF.


Now that we have discussed all the common Vital-Points that a System should have, I have added one more “ingredient” to the Buddy System.
The HGI Indicator. I am only using the so called Rad-Signals from the Indicator and it can be used in 2 different ways.

1. Adding to Positions
2. Taking a 2nd change on entering the Market, if the Entry signal was on low Volume

Keep in mind that you are trading a breakout with it, you are trading the break of the low/high

Warning! Rad-Signals can recalculate!

Another little “gimmick” I have included is the Peak HiLo indicator. This Indicator can help understand when a Market is “overextended,” and a new Entry should be well thought about. Keep in mind that this Indicator is a Reversal indicator. Meaning if it gives a short signal on a given Timeframe it means the Trend is long (but we may get a pullback/reversal).

_______________________________________________________________________________________________________________

This System can be traded purely mechanical if you want to, but I suggest adding basic Price Action for a higher Win rate.

I have added a Channel to give you a good overview of the Markets direction.
I have added Weekly and Monthly Pivots as Button (see sub window), these can be used as Targets, further bias confirmation or as Support/Resistance levels.
Furthermore, I would also add normal Support and Resistance levels in your trading to increase your chances of winning.
I could have added an Indicator for that, but from my experience there is no Indicator that does the Job as well as you can do yourself. (I personally don’t draw them; I just take note of them)


!Depending on the Resolution of your Monitor you have to change where the “Statistic Peak Indicator” is located!
!Sometimes the Values in the subwindow get messed up, I have included a script which deletes all objects (switch Pairs or Timeframes to refresh)!

__________________________________________________________

Files to be used:
Buddy System.rar
(1.17 MiB) Downloaded 809 times
__________________________________________________________
8J7EZXS7dd.png
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew


Re: Buddy System

#2
PumbaPLS wrote:
Sat Jul 23, 2022 7:59 pm
The Buddy System

Thanks to Xard, Beatlemania, Mr.Tools, Kvak, Banzai, Jimmy and all the other awesome People in our Forexstation community I have managed to put an, I believe great System together.
Great job PumbaPLS! :problem: ;)

Regards,
BeatlemaniaSA
“Self-realization is the ability to achieve freedom from ordinary daily demands and to know that true happiness
comes from fulfilling our own potential and from lifting those around us without the thought of self-gain.”

Re: Buddy System

#3
BeatlemaniaSA wrote:
Sat Jul 23, 2022 8:24 pm
Great job PumbaPLS! :problem: ;)

Regards,
BeatlemaniaSA
Thanks... Buddy! :D
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

HappyRe: Buddy System

#4
PumbaPLS wrote:
Sat Jul 23, 2022 7:59 pm
Some may know my other Thread with an already profitable System shared.
Opening this new Thread doesn’t mean this one is better or that my other System is worse.
This is just different, and I started to like this System more as it fits me better. That’s all.
This is an epic Waddah Attar Explosion system, I'm just in awe at how jam-packed this strategy is yet easy to visualize and see trends. Why the sad face bro? Haha :razz:
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Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
How to draw Fibonacci Extensions the easy way
How to easily find & draw major Support & Resistance

LikeRe: Buddy System

#5
I'm already in love with the system. Especially the candlestick widths and clarity of everything. It even says "Must be lower than D1" if you try to use it on the Daily haha - nice touch.

Thank you Pumba you are one great system designer.
Buddy System MT4.png
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Re: Buddy System

#6
Jimmy wrote:
Sat Jul 23, 2022 9:49 pm
This is an epic Waddah Attar Explosion system, I'm just in awe at how jam-packed this strategy is yet easy to visualize and see trends. Why the sad face bro? Haha :razz:
Thank you Jimmy! good to hear that I have achieved what I strived for. Jamp-packed, yet easy to use.
I know you like the Waddah Attar Explosion indicator... and I do too ! :razz: :thumbup:
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

Re: Buddy System

#7
PumbaPLS wrote:
Sat Jul 23, 2022 10:01 pm
Thank you Jimmy! good to hear that I have achieved what I strived for. Jamp-packed, yet easy to use.
I know you like the Waddah Attar Explosion indicator... and I do too ! :razz: :thumbup:
Pumba, I'm having some trouble loading up those Pink and Blue moving averages. Could you tell me what the name is of that indicator? I think I've got too many indicators in my folder so I just want to check.

Sorry to be a bother :)

Here is my indicator list from the template. Does that look alright?
indicator list budy system.jpg
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Re: Buddy System

#8
ChuChu Rocket wrote:
Sat Jul 23, 2022 10:10 pm
Pumba, I'm having some trouble loading up those Pink and Blue moving averages. Could you tell me what the name is of that indicator? I think I've got too many indicators in my folder so I just want to check.

Sorry to be a bother :)

Here is my indicator list from the template. Does that look alright?
Image
The indicator is called "T3MA_ribbon_multi_with_gvs_v3", make sure you also have the "T3MA" indicator in your folder as well.
Everything else looking good!
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

Re: Buddy System

#10
Looks amazing, going to be a pleasure to follow this thread and the results. i love your other system btw.
thx for sharing your work


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