This is a short term trade on the 5 minute time frame that we want to eventually code for automation. We have made some attempt to automate and are at a stopping point for lack of a coder.
So we will simply trade manually for a while.
Nice and easy, fast and simple.
I don't know if the same success is there for other pairs and other time frames but EURUSD is very good on 5m chart.
Primarily price action based.
2ema hi lo channel
cci55
dss 21,34
8sma on the 60 min
That's it. All you'll ever need.
For long:
A signal is triggered when:
cc55 is between +100 and -100
dss is red.
2sma on 60 min is up
a candle closes inside the channel and then a candle closes below the channel lo, enter long next candle open
stop 30 limit 30
For short:
A signal is triggered when:
cc55 is between +100 and -100
dss is green
8sma on 60 min is down
a candle closes inside the channel and then a candle closes above channel hi, enter short next candle open
stop 30 limit 30
Easy, huh!!
For the latest downloads and improvements and they truly are improvements
see....
http://www.forexfactory.com/showpost...6&postcount=95
So we will simply trade manually for a while.
Nice and easy, fast and simple.
I don't know if the same success is there for other pairs and other time frames but EURUSD is very good on 5m chart.
Primarily price action based.
2ema hi lo channel
cci55
dss 21,34
8sma on the 60 min
That's it. All you'll ever need.
For long:
A signal is triggered when:
cc55 is between +100 and -100
dss is red.
2sma on 60 min is up
a candle closes inside the channel and then a candle closes below the channel lo, enter long next candle open
stop 30 limit 30
For short:
A signal is triggered when:
cc55 is between +100 and -100
dss is green
8sma on 60 min is down
a candle closes inside the channel and then a candle closes above channel hi, enter short next candle open
stop 30 limit 30
Easy, huh!!
For the latest downloads and improvements and they truly are improvements
see....
http://www.forexfactory.com/showpost...6&postcount=95
Attached File(s)
Robby DSS Bressert Colored with alert v1.1.mq4
4 KB
|
757 downloads
14.2inverse.tpl
29 KB
|
500 downloads