Using two settings of zerolagMACD. zerolagMACD 5,10,5 and zerolagMACD 12,24,9 A cross of 5,10,5 gives early indication of trend change Entry is when 12,24,9 crosses. all time frames...
For key to setting zerolagMACD alert see http://www.forexfactory.com/showthre...84#post4642284I am using Heinken Ashi which I prefer. I watch for pivots and support and resistance.. the 200 ema.. market open and close and data release...
I like the way the template looks. Looks like a dragonMostly I am trading 1min and 5 min but I will look at higher time frames to keep perspective... In the screenshot the stop is above swing high the target is S1... The screenshot shows what to look for. It wasn't an actual trade.
Interesting how the 5,10,5 will very often (but not always and it is not necessary but is really nice when it does) show a head and shoulders when there is a change of direction coming... but it is necessary to wait for the 12,24,9 for entry.
Since the 5,10,5 is so early there still may be upside before the actual turn. But when the 12,14,9 does turn the trade can be taken with confidence.Attached Image (click to enlarge) Heiken Ashiolive.mq4 4 KB|1,243 download DailyWoodPivot.mq4 5 KB|1,199 download Market_Open_Lines c.ex4 7 KB|1,321 download Heiken_Ashi_Smoothedlime.mq4 4 KB|1,189 download #1.tpl 59 KB|999 downloads|Uploaded May 24, 2011 5:30amAttached Image (click to enlarge) Attached Image (click to enlarge) what it looks like on the 1minAttached Image (click to enlarge) 1 min +2.4 pips
(There was more to go)Attached Image (click to enlarge) Attached Image (click to enlarge) entered too early. didn't wait for slow macd to confirm. 15 min chart since I messed up the entry on lower time frames I looked at the 1h and it shows a long over due correction to the upside.. so I gave a bigger stop and set a higher limit.
I prefer quick in and out on the 1min...Attached Images (click to enlarge) Attached Image (click to enlarge) On that bad entry. Got the cross on the fast zerolag, waiting for confirmation on slow zerolag.. 15min.. hovering around support at S2
looks like it was weak data going into London open sparked a sell off.Attached Image (click to enlarge) okay got confirmation for cross on slow
zerolag.. 15 min...
The trade should be good...Attached Image (click to enlarge) what looked like a cross may be a rejection.. slow zerolag..
It's a great set up for a super double bottom..Attached Image (click to enlarge) can see the possible double bottom setting up on the 5minAttached Image (click to enlarge) take the pain day chart shows 200ema next stop.. lesson. wait for the set up. The strategy works if I follow it... I know the best thing to do it to get out right away if the trade is wrong. I just have to do it.. Still in, let it play out...
still looking at correction due on 1hr...Attached Images (click to enlarge) actual confirmation on slow zerolag 15m Not the way I like to trade but maybe I will get out of this in one piece..
I could have taken several short trades on the 1min instead of trying to nurse this thing..Attached Image (click to enlarge) hi there thnx for posting your system , how long have you been trading this and what is your hit rate for this system ,I would have thought it would give more accurate signals on higher timeframes
hi there thnx for posting your system , how long have you been trading this and what is your hit rate for this system ,I would have thought it would give more accurate signals on higher timeframesI've been trading forever. This particular strategy has evolved over some time. I've only started trading it in its present form since starting the thread. It is good on all time frames. Personally I don't like big drawdown, so I like to trade faster time frames. this last trade I entered too early but by looking at higher time frames I decided it was okay to ride it out since it was due for a correction. Looks like it is turning around on support at S2. the 1hr looks good
I wouldn't be surprised if EURUSD corrected all the way back to the daily wood pivot (yellow horizontal line)Attached Image (click to enlarge) will try it out on few trades ,I like HA candles tooGreat, thanks for your interest. Keep us posted.
the more the merrier...Attached Image (click to enlarge) did it again. didn't wait for the slow macd to confirm a cross 1min chart 1hr shows upside
so now hold 2 positions longAttached Images (click to enlarge)