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elvee4eva

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  4. MTF Fractal Channel Indicator

    in MetaTrader Indicators

    Posted · Edited by elvee4eva

    Hi,

     

    I was searching for an MTF Fractal Channel Indicator on google and came across these amazing inicators,

     

    MTF Price Action Indicator (for RadarScreen)

     

    MTF Price Action Gapless Indicator (for Charts)

     

    MTF Fractal Channel Indicator

     

    See Pictures

    http://www.mirrorcreator.com/files/OHRHRNMD/Indicator_Pictures.rar_links

    or

    http://mir.cr/OHRHRNMD

     

    See Videos Here

     

    http://www.customizedtrading.com/ooel/mtf-fractal-channel

    http://www.customizedtrading.com/Trading_Systems/High_Probability_MTF_Trend_Trading_System

    http://www.customizedtrading.com/Trading_Systems/High_Probability_MTF_Consolidation_Trading_System

    http://www.customizedtrading.com/Trading_Systems/High_Probability_Scalper

    http://www.customizedtrading.com/TradeStation_Add_Ons/Computer_Assisted_Trading_Strategy

    http://www.customizedtrading.com/trading-systems/trend-rider-strategy

     

     

    The problem is that they are for Trade Station.

     

    It will be excellent if someone could create an MT4 version of these super indicators for us.

     

    Thanks

     

    Elvis.....

     

    # See Below is some Info from their website

     

     

    The real secret "edge" in trading is made up of three things:

     

    (1) Price Action or Market Flow (multiple time frame price action/ market flow is even better)

    (2) Time Segmented Volume

    (3) Support and Resistance (multiple time frame support and resistance is even better)

     

    Price Action is the prime important fact and Volume is second to price action. Price and Volume combined create Support and Resistance on every trading chart. These

     

    three all important aspects of trading, Price Action, Time Segmented Volume Action, and Support and Resistance are the real trading "edge".

     

    For #1 which is Price Action (Market Flow), I use the MTF Price Action Gapless Indicator to show "real time" Price Action on 8 time frames at once.

     

    For #2 which is Volume Action, I use the Time Segmented Volume Normalized to see behind the "Wizard of Oz's Trading Curtain" to understand real trading volume action.

     

    For #3 which is Support and Resistance, I use the Fractal Channel Indicator and MTF Fractal Channel Indicator.

     

    The MTF Price Action Gapless Indicator

     

    Imagine the trading "edge" of knowing the Price Action from eight different time frames in one very visually effective MTF Price Action Indicator. This is exactly what

     

    this Indicator shows.

     

    This indicator allows a Trader to use a short time frame trading chart, like Tick, 1 min or 5 min trading charts, to reduce the entry stop loss risk and yet

     

    effectively trade the Price Action based on multiple higher time frames all the way up to the Daily time frame. This is a very powerful way to reduce your Stop Loss

     

    Risk amounts while getting bigger profits from understanding all the higher time frame Price Action. This is much more effective than constantly flipping between

     

    multiple different time frame charts while you are trading.

     

    The Fractal Channel Indicator displays this "real time" identification of Price Action and Volume Action that traders call Support & Resistance.

     

     

    Many traders operate under the delusion that a multiple line moving average ribbon is a multiple time frame indicator, but it really is a single time frame indicator

     

    using multiple different lookback (LAG) settings. A multiple line moving average ribbon tells you absolutely nothing about any other time frame. They are just multiple

     

    lag indicators.

     

    Correlating multiple time frames will stack the odds in your favor regardless of the trading style you use. This MTF Fractals Indicator makes using multiple time

     

    frames (MTF's) of Support & Resistance so visually simple that you will want to add MTF analysis to all of your trading. MTF analysis will provide you the "edge" you

     

    are looking for no matter what your trading style is.

     

    Traders commonly use lots of "potential" Support and Resistance indicators such as floor trader pivots, moving average lines, etc. All these indicators show

     

    "potential" support and resistance areas, but only Price Action and Volume Action will show if these "potential" lines prove to be support or resistance. Whereas the

     

    Fractal Channel Indicator shows actual real time support and resistance without all the "maybe" nonsense.

     

    Trading tends to involve an overwhelming amount of information. Why confuse the process by using "MAYBE" support and resistance indicators like floor trader pivots,

     

    moving averages, etc. Simplify your trading by only dealing with the "real time" Fractal Channel support and resistance indicator.

  7. The Final EA (Good For Trends, Range, Spikes and Reversals)

    in MetaTrader Expert Advisors Request

    Posted · Edited by elvee4eva

    Hi

     

    I have come up with an idea that will end our search for a profitable EA.

     

    If this system is coded into an EA, This will definitely Be the elusive holy grail.

     

     

    This EA must combine the most Profitable Concepts in Forex Trading.

     

    This EA must have the following characteristics.

     

    1. Multi Time Frame Trending Analysis 5mins 1hr and 4hrs

     

    2. Trend Following.

     

    3. Small or Smart Take Profit Targets of 10 - 30 pips ( Based on Position of the nearest Pivots Support and Resistance and Envelopes)

     

    4. Range Trading : Pull Back Trading on the 5 mins Chart (scale In)

     

    5. Smart Hedging (For the purpose Equity Recovery)

     

    6. Smart Reversals.

     

    7. Breakout Trading

     

    8. Smart Stop Losses ( Only to be used during equity recovery)

     

    9. Gradual Closure of losing positions ( Based on condition of 1hr MACD and 1hr Stochastics)

     

    10. Trailing Stop to Secure over all profit.

     

    11. Gradual removal of Risk from a trade.

     

    12. Hidden Take Profit and Stop loss levels.

     

    13. High Win Rate

     

    Important Indicators

     

    1. Auto Pivot Support and Resistance with Mid Levels.

     

    2. Envelopes

     

    3. All MACD

     

    4. All Stochastic

     

    5. Trend Channel ( on 1hr Time Frame)

     

    6. 21 EMA

     

    7. 233 EMA

     

    8. Non Lag MA

     

    9. Stochastic RSI Oscillator

     

    10. Channel - drawn on the 1hr time frame

     

    11. FDM Trend Power

     

     

    hxxp://www.4shared.com/file/nAw4_a2j/Ultimate_Forex_EA.html

     

     

    My Trading Insights

     

     

    1.The Best EAs are Trend Following EAs.

     

    2.Price spends 80% of the time in Ranges and 20% of the time in trends

     

    3.Price Pulls back more time than it actually trends.Causing pull backs is how the brokers make their money. This is also how Martingale EAs trade.

     

    4.Trending EAs make money during Trends, Spikes and Breakouts but lose it during Ranges.

     

    5. Ranging or Martingale EAs Make lots of money during Ranges but blow accounts during Trends.

     

    6. Best type of market analysis is MTF i.e. Multi Time Frame Analysis.

     

    7. Placing a stoploss is giving your broker a chance to hunt you and make easy money.

     

    8. Placing a Hegde trade is smart way to recover from draw down.

     

    9. A smart trader knows that it is almost impossible to get the first entry right, so he opens his first order with the smallest lot size possible, knowing

    that price will always pull back to give him a much better price to open another other in the same direction as the previous order. This way, he keeps his risk low and greatly increases his chances of a profitable outcome. I learnt this from watching martingale EAs trade.

     

     

    Trading Set Up

     

    1. Open a 5 mins chart of EUR/USD or GBP/USD and select the Ultimate EA Template.

     

    2. Move the chart to the 1hr time frame and draw a channel. Move the chart back to 5 mins

     

     

    Note:

     

    A. 1hr = Main Trend

     

    B. 4hr = Future Trend

     

    C. 5 mins = Trigger Chart for Normal, Breakout and Pull Back Trading.

     

    Scale in on every 13 Pips Pull Back on the 5mins stochatics, Stoch-RSI and MACD 3,6,3. While making sure that all trade positions are opened in the direction of the 1hr time frame as shown by the 1hr Stochastic 6,3,3 and 1hr MACD 8,16,7.

     

     

    3. Analyse The Market.

     

     

     

    Open a Buy Order if:

     

     

     

    A. Ihr MACD is above Zero line and angling up

     

    B. 1hr Stochastic is above 20 and angling up

     

    C. 5 mins Stochastic is above 20 and angling up

     

    D. StochRSI Oscillator is angling up

     

    E. Price is atleast 15 pips below the nearest pivot level or envelope or channel line.

     

    F. FDM trend power arrows on the 1hr and 4hr are pointing up.

     

     

     

     

    vice Versa for a Sell.

     

     

     

     

    Trade Management.

     

    1. We open 1st Buy with 0.1 at 1.2100 and take profit 1.2115

     

    2. Price starts playing tricks as usual and immediately pull back to 1.2087 (i.e 13 pips away), we quickly open a 2nd Buy with 0.1

     

    3. if price returns to 1.2100, and we make 10 or 11 pips, we quickly close the 2nd Buy and continue to monitor the market.

     

    4. if price pulls back again to 1.2087, we open another Buy with 0.1 just as we did before and repeat the process.

     

    5. if price pulls back to 1.2074, we open 3rd buy with 0.1

     

    6. if price recovers to 1.2074, we close the 3rd buy at 10 pip profit and continue to monitor the market.

     

    By quickly taking our profits at 10 pips, we are gradually reducing our overall risk while still increasing our equity.

     

    This will help us avoid huge draw down if things go wrong, and this is what martingale EAs never do. This because their programming is not flexible enough.

     

    7. if price continues to go against us after opening a 3rd buy and risking 0.3 we will look to see if the 1hr MACD and 1hr Stochastic still support the trade. If they still support the trade then we wait for the market to return in or favour.

     

    8. If the 1hr MACD and Stochastics are now changing direction and price have broken through the trend line, We quicky place a Sell Hegde of 0.4lots and go into Equity Recovery Mode.

     

     

     

    Equity Recovery Mode.

     

     

    The Objective of Equity Recovery is to get out a bad trade with all our money plus a tiny overall net profit.

     

     

    Once we place the Hedge of 0.4, if the market continues to sell, we will be closing the buy orders 10 pips away from each other until we have closed all of the buy orders.

     

    Once our eqiuty recovers to what it used to be before the bad trade occured, we close all open orders and Continue with our normal trading method.

     

     

    Note that once th 1hr MACD and 1hr stochastic Channges to a new direction, prices usually moves at least 40 pips and this is enough for you to recover your equity.

     

     

     

    If price reverts back to Up, immediately after you open the sell hedge with 0.4, simply place a new buy trade of 0.2 and begin to close off the sell hegde 0.1 evey 10 pips up until you have recovered your eqity , then immediately close all open trades.

     

     

    Final note: Use 0.01 for every $100 and 0.1 for every $1000.

     

    For easy trade management, trade only one pair at a time.

     

    You can make at least 15% of your overall equity every trading day with this wonderful method.

     

     

    Now here you have it

     

     

    It is now time for a good programmer to code this for us into an EA so that we can really begin to enjoy Forex trading

     

    Elvis

  8. [REQ]Forex Goiler

    in MetaTrader Indicators Request

    Posted · Edited by elvee4eva

    Hi,

     

    I just came across this one, and I believe it's worth looking into.

     

    www.fore**xgoiler.com

     

    " If you are trading the forex market and still can't get your trading right, then you should try our

     

    Gann forex indicator designed for Meta Trader Platform

     

    Our Forex Trading Indicator are being used by professional to make profit in Forex Market

     

    No need to be glued on the screen to trade successfully with our Forex Indicator "

     

    Unlike other Forex website that only claim to be best, we have proof that our Forex Trading Software really works! Check out our Live Trading Statement below

     

    Easy to use, installation manual is provided, start trading in 5 minute after received

     

    Your Benefit Using Our Forex Trading Software:

     

    * Winning Strategy

     

    * Clear Strategy Rules

     

    * No Monthly Fee

     

    * Audio Entry Alert

     

    * Open Forex Account > Install > Trade

     

    * Works on Multiple Currency Pairs

     

    Are you one of those who are strugling to make money in forex? Or have you been dissapointed with so many "Forex System" who claimed to be the best but came out to be a loser?

     

    Scroll down bellow to find out about our trading system ForexGoiler that can really makes you profit. We have been using it on our live account with excellent return! We have been using it not only for 2 weeks, 4 weeks, nor 2 months, but over 9 straight months and still going and is still making profit! Check out below a screen shot of our Live Trading Account using our Forex Goiler indicator

  9. Eracash Robot Professional 2015 Can Become The EA Holy Grail, If.....

    in MetaTrader Expert Advisors

    Posted

    Hi tradefx,

     

    I know that this EA can easily wipe your account especially on Thursdays when Trend Volatility is dangerously high.

     

    This is the reason why I requested for this recovery method.

     

    The EA I like Best is Forex Hacked 2.3 because it combines Martingale, Hedging, Breakout and Trailing Profit.

     

    For all those that are quick to say that this or that EA is an account blower or destroyer, simply

     

    consider this, most of us who trade forex are in it for quick money. I will rather double my money in

     

    one week withdraw the profit and blow the rest the next week, than trade with a slow a** robot, make a few steady

     

    pips each week, only to watch the money disappear from a few bad trades.

     

    Wise up guys, time is money.

     

    If this robot can be fixed, it will become the best EA. Even better than Forex Hacked.

     

    Elvis

  19. Eracash Robot Professional 2015 Can Become The EA Holy Grail, If.....

    in MetaTrader Expert Advisors

    Posted

    Hi awsl,

     

    The truth of the matter is that it quite difficult to list all possible senarios, so I just gave this example, with the hope that you guys can help me out.

     

    You have seen what I wrote about eracash 2015 robot professional. It is 85% effective, with just one flaw.

     

    Once we repair this flaw, we will have a very fast money doubling EA.

     

    Even with this flaw, you can still profit from it, but it will blow your money after some time, but if you are smart, use it as recommended on the website, and widthdraw your money as soon as it is sizeable enough, Don't be greedy.

     

    If you don't remove your capital as soon as possible, you may wake up one day and discover that your account that have just been tripled a day before, have just been wiped out. For now, periodic widthrawal is the solution. I will rather risk an account wipout, than a slow paced EA.

  21. Eracash Robot Professional 2015 Can Become The EA Holy Grail, If.....

    in MetaTrader Expert Advisors

    Posted · Edited by elvee4eva

    Hi to all.

     

    I have been backtesting and forward testing the Eracash Robot Professional versions 2014 and 2015.

     

    While 2014 version is more profitable than 2015, 2015 is safer and more conservative and more advanced.

     

    I have successfully doubled $100 accounts using only 0.01 i.e. 1 micro lot in just 9 trading days with 2015, while

     

    I achieved the same result with 2014 in just 7 trading days.

     

    Currency pairs tested are

     

    2014 EUR/USD 5 mins Chart

     

    2015 GBP/USD and NZD/USD 5 mins Chart

     

     

    Trading Concepts used by Eracash Robot Professional 2015

     

    1. Breakout Trading in the direction of the trend. ( Take Profit = 10 pips)

     

    2. Pull Back trading, in the direction of the prevailing trend.

     

    3. Incremental scale in, 15 pip gaps on every pullback, with the last scale in having the biggest lot entry/risk,

     

    with the hope that the trend will soon return.

     

    4. Auto Adjusting the take profit level to more realistic levels so as to take profits faster and get out of trouble

     

    quicker, especially when the trend is reversing while making sure that at least a small overall profit is made.

     

    5. Using trailing stop to secure profit already made, no matter how little, especially when the EA is trying to

     

    recover from a huge drawdown.

     

    What this Great EA lacks.

     

    This EA is excellent for both trending and ranging markets, but lacks the ability to handle sudden sharp price reveals. it can handle normal slow and gentle reversals, but it is incapable of handling sudden sharp long spikes in the opposite direction.

     

    Solutions.

     

    1. This EA needs a flexible hedging system that will only be triggered once price reverses to a certain point against the trend or once equity is down to 70%.

     

    Once this happens, if the EA was previously opening BUY orders in this manner

     

    Ist order BUY 0.01 at 1.2575

     

    2nd order BUY 0.01 at 1.2560

     

    3rd order BUY 0.02 at 1.2545

     

    If price drops to , let say 1.2530, this would have resulted to a loss of about -45pips -30pips -30pips = -105 pips.

     

    What the EA needs, is for someone to help us code a Hedging/Reversal Methodolgy, where, The EA begins to

     

    gradually open opposing orders while trying to balance out the loosing positions by closing them one by one.

     

    For example, in the above situation where the EA is already -105 in loss, the EA should quickly close the 1st

     

    order i.e. 0.01 at 45pip loss and open a new order of 0.04 with a 10 pip profit target. If this hits it target, the

     

    loss from the first 0.0.1 would have been neutralised.

     

    Next the EA should open another sell order of 0.04 with a 10pip target and immediately close the 2nd 0.01 order.

     

    After taking profit on the second order, the EA should then close the 3rd order at -70pips loss then immediatlely

     

    open a sell order of 0.08 and aim for a 10 pip profit.

     

    If this last take profit is achieved, then the EA will have successfully recovered from a losing position and is now ready to continue making lots of money in the new trend.

     

    If someone can code this, then this Robot forex professional 2015 will be the greatest Robot ever created.

     

    Note that even with the presence of this shortcoming on the part of this EA, A careful trader can still grow his or her account endlessly in the shortest time possible, by frequently withdrawing his or her profits as soon as they are large enough, so that if the unthinkable happens, the trader would still have benefited greatly.

     

    If this request is implemented, It would mean the end of our collective search for a profitable EA.

     

    Here are the Download Links

     

    [2015 Robot] http://www.megaupload.com/?d=RAPPKWSB

     

    http://rapidshare.com/files/264940561/Robot_Forex_2014_Profesional__Live.rar

     

    Thanks

     

    Elvis

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