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What best indicator to entry signal and TREND?

  • #41
  • Feb 3, 2018 9:09am Feb 3, 2018 9:09am
Quoting jacobokey12
{quote} Repaints badly..
I Jacobokey
Can you send some good NRP indicator?
Regards
  • #42
  • Feb 5, 2018 8:02am Feb 5, 2018 8:02am
I have not used any specific indicator for trading entry but I use a mix of few one with different settings, which are RSI, MA, Volum and etc.
  • #43
  • Feb 5, 2018 5:22pm Feb 5, 2018 5:22pm
Hi all. Personally I don't use any indicators. I don't know how to do programming in MT4/5 and I kind of wish I did. Here's what I do.

I have 3 moving averages for trading trends.

20 - general direction (up or down curve)
100 & 200 - for entry (not exit)

The curve of the 20 MA will show if the general trend is up or down. You could also use BB with 20 periods as well. Aside from being above the middle line on BB (which is the same as a 20 MA) you will be able to see if the price is going along the upper or lower bands.

The 100/200 MA will cross over each other at certain points. When the 200 MA is above the 100 MA (and the prices are below the lines) then the trend is going down. When the 100 MA is above the 200 MA (and the prices are above the lines) then the trend is going up.

Exit rules for me are based on various things. If the price crosses over to the other bands. If the price gets close to the 100/200 MA lines. If I think that news may affect the direction.

I've uploaded screenshots to demonstrate a BUY and SELL entry/exit that I would take. Problem is that hindsight is 20/20 and many times emotions override the trading system. If I followed it instead of my emotions at times then things would be better. Still catch pips but not as much....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot3.png Size: 122 KB
  • #44
  • Edited Feb 6, 2018 1:58pm Feb 5, 2018 6:10pm | Edited Feb 6, 2018 1:58pm
TF: H4 and H1

Indicator: 5 period SMA


Locate a signal on H1 and confirm short term trend direction on H4 like this:

BUY-signal on H1: If price closes above the MA, switch to H4. If price is above MA on H4, enter.

SELL-signal on H1: If price closes below the MA, switch to H4. If price is below MA on H4, enter.
  • #45
  • Feb 6, 2018 1:48pm Feb 6, 2018 1:48pm
Quoting riskyachtar
what best indicator to entry signal and looking TRENd ? with TF 30m or 1H please help me
Every successful has his own customize strategies. In most of the cases it doesn't work for others. Because in forex trading psychology plays a big role and every person is different mentally from other. If you want to be successful you have to find yourself what works for you.
  • #46
  • Feb 6, 2018 6:44pm Feb 6, 2018 6:44pm
Quoting James007
{quote} Every successful has his own customize strategies. In most of the cases it doesn't work for others. Because in forex trading psychology plays a big role and every person is different mentally from other. If you want to be successful you have to find yourself what works for you.
Agreed wholeheartedly - but getting the views from various persons may help an individual come up with their own strategy, or blend things to make their own, or just confuse them............

But I guess we want to learn from persons that are successful and try to replicate their strategies. Just ensure that once you have your own rules (or rules you've copied) test them first and then stick to them.
  • #47
  • Feb 12, 2018 2:54pm Feb 12, 2018 2:54pm
If I can change one trader's mind then I will consider this a success.

"Price" is one and only indicator you need. As someone who wasted 5 years testing indicators and losing money I can tell you without equivocation you're wasting your time with indicators. If you spend 12 months learning price action you won't need another indicator ever again.

Start testing price runs into big figures at the London Close Timeframe. See for yourself.
  • #48
  • Feb 19, 2018 10:09am Feb 19, 2018 10:09am
Quoting ForexStrong
If I can change one trader's mind then I will consider this a success. "Price" is one and only indicator you need. As someone who wasted 5 years testing indicators and losing money I can tell you without equivocation you're wasting your time with indicators. If you spend 12 months learning price action you won't need another indicator ever again. Start testing price runs into big figures at the London Close Timeframe. See for yourself.

Please how does Price Action works??
Okechukwu Jacob.C.
  • #49
  • Feb 19, 2018 10:14am Feb 19, 2018 10:14am
Quoting jacobokey12
{quote} Please how does Price Action works??
@Jacobokey12 There are a number of educators that can teach you Price Action. Plenty of stuff on Youtube to get you started. If you want my personal recommendation PM me.
  • #50
  • Feb 21, 2018 7:34am Feb 21, 2018 7:34am
Quoting jacobokey12
{quote} Please how does Price Action works??
Here's something that may work for that - the more experienced persons can correct me if I'm wrong.

 

  1. Assuming you use candlesticks.......
  2. Pick a pair.
  3. Pick a timeframe.
  4. If selected timeframe is lower than 30 minutes then move to a higher timeframe to set zones.
  5. Switch to line charts - line charts only show the CLOSING PRICE.
  6. Draw horizontal lines to show support/resistance zones on higher timeframs (if your selected one is below M30).
  7. Switch back to your timeframe.
  8. Draw additional zones.
  9. Switch back to candlesticks.
  10. Watch for price breaking the zones drawn.
  11. Remember that zones may have some flexibility to them - more than 150 points may suggest going to next zone.
  12. Trade along the trend - using trend lines or channels.

While doing so with technicals only can work - I would suggest also watching for news events that are upcoming. These may hold the price and cause it to either move slowly or only range until after the event passes.

  • #51
  • Feb 21, 2018 7:45am Feb 21, 2018 7:45am
Quoting khat17
{quote} Here's something that may work for that - the more experienced persons can correct me if I'm wrong. Assuming you use candlesticks....... Pick a pair. Pick a timeframe. If selected timeframe is lower than 30 minutes then move to a higher timeframe to set zones. Switch to line charts - line charts only show the CLOSING PRICE. Draw horizontal lines to show support/resistance zones on higher timeframs (if your selected one is below M30). Switch back to your timeframe. Draw additional zones. Switch back to candlesticks. Watch for price breaking...
I really liked your guideline! I see, many traders try to trade blindly only based on few specific candle patterns, and they lose their money! Know why? Because, PA strategy doesn’t mean only candle pattern.
  • #52
  • Feb 21, 2018 9:48am Feb 21, 2018 9:48am
Quoting khat17
{quote} Here's something that may work for that - the more experienced persons can correct me if I'm wrong. Assuming you use candlesticks....... Pick a pair. Pick a timeframe. If selected timeframe is lower than 30 minutes then move to a higher timeframe to set zones. Switch to line charts - line charts only show the CLOSING PRICE. Draw horizontal lines to show support/resistance zones on higher timeframs (if your selected one is below M30). Switch back to your timeframe. Draw additional zones. Switch back to candlesticks. Watch for price breaking...

Not saying this is not a good start. However, in a picture here is what knowledge of Price Action does for me.

Attached Image (click to enlarge)
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  • #53
  • Feb 21, 2018 11:13am Feb 21, 2018 11:13am
Not to mention you guys looking for indicators to be make entries. You're literally trying to "outsource" the work which is lazy.

Here is an idea:

 

  1. Educate yourself on Interest Rate Deferential
  2. Watch Commitment of Traders Data
  3. Read some bank reports.

I promise you'll have a much better idea of what is driving a "trend" than anything a MT4 indicator will give you.

  • #54
  • Feb 26, 2018 6:49am Feb 26, 2018 6:49am
Quoting khat17
{quote} Here's something that may work for that - the more experienced persons can correct me if I'm wrong. Assuming you use candlesticks....... Pick a pair. Pick a timeframe. If selected timeframe is lower than 30 minutes then move to a higher timeframe to set zones. Switch to line charts - line charts only show the CLOSING PRICE. Draw horizontal lines to show support/resistance zones on higher timeframs (if your selected one is below M30). Switch back to your timeframe. Draw additional zones. Switch back to candlesticks. Watch for price breaking...

Well explained.. Thanx.
Okechukwu Jacob.C.
  • #55
  • Feb 26, 2018 6:51am Feb 26, 2018 6:51am
I appreciate your responses guys..
Okechukwu Jacob.C.
  • #56
  • Edited Feb 28, 2018 3:12am Feb 27, 2018 6:36pm | Edited Feb 28, 2018 3:12am
The best indicator to get you into a trade accurately, and it is free.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 02-28-18 at 10.34 AM.PNG Size: 81 KB
IMPROVISE ADAPT OVERCOME
  • #57
  • Mar 5, 2018 2:38am Mar 5, 2018 2:38am
Quoting Ghost Walker
The best indicator to get you into a trade accurately, and it is free. {image}

How does it work??
Okechukwu Jacob.C.
  • #58
  • Mar 5, 2018 2:27pm Mar 5, 2018 2:27pm
Quoting jacobokey12
{quote} How does it work??
https://www.forexfactory.com/showthr...564227&page=55 Post 1097
IMPROVISE ADAPT OVERCOME
  • #59
  • Mar 5, 2018 8:19pm Mar 5, 2018 8:19pm
Ghost walker, can you share me this indicator?
  • #60
  • Mar 5, 2018 8:28pm Mar 5, 2018 8:28pm
Quoting rick2flee
Ghost walker, can you share me this indicator?
Yes friend it is available on my thread.
https://www.forexfactory.com/showthr...78#post9429778 post 796
IMPROVISE ADAPT OVERCOME
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