Timeframe: 1-hour.
In this system, we use 3 indicators:
1. 5-period Exponential Moving Average (EMA 5) applied to the Close.
2. 12-period Exponential Moving Average (EMA 12) applied to the Close.
3. 21-period RSI (RSI 21)
Entry Rules for Long Trades:
It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the
upside… AND our RSI 21 > 50.
Entry Rules for Short Trades:
Enter short when EMA 5 crosses EMA 12 to the downside.
AND RSI 21 < 50.
Stop loss = 20 – 30 pips… depending on the volatility of the currency
pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less
volatile pair, like EUR/USD, use stop loss of 20 pips.
Timeframe: 1-hour
Half Trend TD
Half Trend TD is a swing trend following system filtered by long term and medium term indicator.
Time Frame 240 min or daily.
Currency pairs:any.
Setting Metatrader indicators:
Half Trend Td amplitude 2.
Long Term filter indicator (Weekly time frame)
Medium term filter indicator ( current time frame) joker filter.
Supporting ADX 12 period with 22 level and smoothed moving average 3 period. [Read more…]
Adaptive channels for MT4
Channels indicator for the terminal MT4 – it is a successful attempt to build adaptive channels in real-time automatically. The indicator assesses the state of the market and build the actual levels at the close of each new bar, which, according to experts magazine ForTrader.ru, often lack such indicators.
[Read more…]
AFL Winner – indicator for MetaTrader 4
This oscillator translated from the language of AmiBroker Formula Language (AFL) to MQL4.
ALF Winner used to determine a trend change for formed characteristic areas of the indicator in the fields of 0/100. For intra-trade input parameter values is desirable to reduce, for example, to values of: Period = 2, Average = 4.