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Hey Fourxxxx,
Which time frame is best to trade eith xxxx trading system & How many timefram u would go above and make sure they aline with entry TF,

For example trend on 5MIN, would be just 4-5 candle pullback on 30M.

Thanks.

rogeryrogery wrote: Sun Oct 02, 2022 3:51 pm Hey Fourxxxx,
Which time frame is best to trade eith xxxx trading system & How many timefram u would go above and make sure they aline with entry TF,

For example trend on 5MIN, would be just 4-5 candle pullback on 30M.

Thanks.

It is designed for M5, just use M30 for trend direction.

I've been testing this weekend. It's a REALLY good system. The EA's are incredible. I can't wait to use it live on Monday. I'll try and post some of my trades. I'd love to get your feedback. Fresh crosses are pretty easy to trade, but I still struggle off the dots.

When you get a dot in the ribbon enter as price crosses the edge of the ribbon.

You can use the EA to place Limit orders at the edge of the ribbon, click SSell or SBuy move the yellow line to where you want to enter and click SSell or SBuy again. You may need to move the order if it takes a few bars to cross the ribbon edge.

FourXXXX wrote: Sun Oct 02, 2022 6:24 pm When you get a dot in the ribbon enter as price crosses the edge of the ribbon.

You can use the EA to place Limit orders at the edge of the ribbon, click SSell or SBuy move the yellow line to where you want to enter and click SSell or SBuy again. You may need to move the order if it takes a few bars to cross the ribbon edge.

Thanks you BRO - What are slope and band use for ?

Hi Gary & all,

Took this trades today and I think i will post daily trades here for your feedback or maybe to help some one like me.

The two buy trades you took answer your questions.

When the band is green and the ribbon is blue buy only.

When the Band is red and the ribbon is pink sell only.

Take profit at the edge of the band if it is grey, if the band is coloured price may go beyond the edge of the band, if price is outside the band take profit before it renters the band. Let your profits run and cut your losses short.

If candles turn grey get out when the first grey candle closes.

If the higher time frame and lower time frame don't agree WAIT!

The Slope is used to indicate the trend and the Band is used to assist with taking profit. I have coded alerts that tell you what to do based on the M5 chart, if the M30 does agree then sit on your hands.

I only had short window today to trade but came out on top. Thanks, FourXXXX. I love the set up.

If you want to be successful at trading here is a must-do.

Write down your trading plan, keep as short as practical and read it every day before you start trading. At the end of the day review your trades, and look at where you followed your plan and where you may not have.

When you are making more than what you know what to do with then you can consider not reading your plan each day.

If you are following your plan and not making a profit then review your plan. If you are not following your plan then review yourself, look at your trading Psychology. Doing the right thing when trading can be the hardest, like letting a profitable trade run. That and hoping a losing trade will turn around are the 2 biggest reasons traders fail.