Strategies, Systems & Indicators

dear,
can i use this system for NF trading....with amibroker

This is a crossover method:
To make it easy for the beginners, I will give only two setup conditions... as you understand the system and have questions for typical situations we will discuss. them...

This is the first generation system for me... this was the first system that gave me consistent results.... Now I use and teach a completely different system,...


What to expect:

1. This is not a holy grail system
2. Gives an accuracy of 70-75 %

The setup : 30 min Time Frame - EURO JPY

1. The first thing to see is the lower window.... If the blue line is below the red line.... "WE WILL NOT TAKE A NEW POSITION, IF WE ARE IN TRADE ALREADY... NO ISSUES... BUT WE WILL STAY AWAY FROM THE MARKET TILL THE BLUE LINE IS ABOVE THE RED LINE"

This is adx, if the blue line is above the red that means the market has some momentum..... if the below,... you will see the market is more or less directionless.... sometimes you might miss a good opportunity because of this filter.... but more often than not... its a life saver.....


2. Look out for a fresh Crossover of the Yellow line and the Red line in the candles area....
a) If the yellow crosses the red and goes "upwards" that means the prices are in the mood to go upward
b) If the yellow crosses the red and goes "downwards" that means the prices are in the mood to go downwards...

"the crossover should be from the previous closed candle (the second candle from the right)..... it should not be from the running candle... as the running candle can turn into opposite direction and you will not see any crossover when that happens...

So we need a crossover that is from a closed candle and not from a running candle...... ( I know some will have an issue understanding this; we will tackle it later as and when it arises)

3. The candle that gave us the crossover is our TRigger candle....

a) if the crossover is upward i.e the yellow crosses the red and goes up... we are ready to go Long (BUY)...
Add 3 pips to the HIGH OF THE TRIGGER candle... i.e. the closed candle that gave us the fresh crossover.... this is where we buy....

3 pips above the high of the candle that gave us a crossover.....

b) if the crossover is downwards i.e the yellow crosses the red and goes down.... we are ready to go short (SELL)
substract 3 pips to the low of the trigger candle...i.e the closed candle that gave us the fresh crossover.... this where we sell...

3 pips below the low of the candle that gave us a crossover....


In a day, you will have 4-5 crossovers.....

2 or 3 will be 10 - 20 pips in profit... 1-2 will be 50 - 60 pips in profit.... but which ones will be the bigger ones... its easy and hard at the same time to know which ones to trade longer....

If we are trading EURO JPY.... its commonsense to know that when both the markets are open... that's the phase that will give you bigger trends.... when at least one is open that's when you get moderate to big trends.... when non is open thats when you get smaller trends....

Now install the temp and bring on the questions...

Happy trading....

PS>> the one who gives me 20 consecutive Positive trades from this method, will get a Trade Management ROBOT fine tuned for this system as a gift....

Regards
Ed

Hello Sir,
I implemented the same ysterday and did a virtual testing. Your systems works really well.. And today i did a real trade and made around 8$ within half n hour.
Thanks once again
Kreichek

Swami Sir,

You can use it this with Nifty futures, if that's what you s mean by NF.
I have had good success with the Nifty on GCI trading platform.

I am afraid you won't we able to do it on the Amibroker platform, as this indicator was developed for mt4 in mq4...

I suggest you download, GCi mt4, and then right click on the window where you get all the symbols and pairs quotes,

right click on the Quotes > symbols > indices > select Nifty and then you can analyse nifty on the mt4 platform and trade it else where, that's how some of my students do it.

Regards and Good luck

That's the way to do it.

....

Till then you owe me a beer ... :cheers:

That's the way to do it.

Trade the following Pairs in the time phase that I mention for maximum results.

EURO JPY - Trade when the Tokyo Session and European Sessions are open, at least one of them should be open, otherwise don't trade.

Euro USD : Trade in the evening (indian) 6 to 9:30 all working professionals can trade this time... its the best time to trade EU.

GBP JPY : trade it when you are certified as retard,... only then

USD JPY is good to trade only in the US session, that's my experience... i.e. 6 to 9;30 pm.

anyways I am glad that you guys are making profits... and using the system...
The day when you make 100 dollars in profit using this system I will give you a trade management software....

Till then you owe me a beer ... :cheers:

just got 70 doller in eur/jpy .. of course in demo in account

Will it work on 5 min charts?