Advertisement
Simple Trading Strategy For Anybody Interested Using MT4
Oct 13, 2016 at 07:53
876 Views
15 Replies
forex_trader_169700
Member Since Dec 30, 2013
163 posts
Oct 13, 2016 at 07:53
1. Place Parabolic on chart.
2. Place 1 Day Smooth Moving Average on Chart.
3. In Indicators List go to Edit to change Moving Average just placed on Chart and Apply to First Indicator's Data.
4. Place 5 Day Smooth Moving Average on Chart.
How to Use:
1. Draw Trend lines from the Low or High on any Time Frame intersecting where Moving Average intersects with Parabolic Average as in 2nd Chart Example (a). These lines tend to provide support and resistance. Above the Red Line - Buy. Below the Red Line - Sell.
2. Draw horizontal lines where Red Moving Average crosses Parabolic Average - These also provide signals to Buy or sell as in the next example (b)
Can also add other MA's as you require, same technique applies!!!
Do this on appropriate Time Frames. This strategy can be used on all time frames from 1 minute to Monthly.
Any queries contact me on this forum and I will answer them.
Happy Trading.
2. Place 1 Day Smooth Moving Average on Chart.
3. In Indicators List go to Edit to change Moving Average just placed on Chart and Apply to First Indicator's Data.
4. Place 5 Day Smooth Moving Average on Chart.
How to Use:
1. Draw Trend lines from the Low or High on any Time Frame intersecting where Moving Average intersects with Parabolic Average as in 2nd Chart Example (a). These lines tend to provide support and resistance. Above the Red Line - Buy. Below the Red Line - Sell.
2. Draw horizontal lines where Red Moving Average crosses Parabolic Average - These also provide signals to Buy or sell as in the next example (b)
Can also add other MA's as you require, same technique applies!!!
Do this on appropriate Time Frames. This strategy can be used on all time frames from 1 minute to Monthly.
Any queries contact me on this forum and I will answer them.
Happy Trading.
forex_trader_169700
Member Since Dec 30, 2013
163 posts
Oct 13, 2016 at 11:42
Forgot to say wait until parabolic pops on whatever time frame before drawing trend line from lows and highs and ensure they cross where the MA crosses the Parabolic Average. I use 5 Day Smooth Moving Average.
forex_trader_169700
Member Since Dec 30, 2013
163 posts
Oct 13, 2016 at 11:46
If you do not have MT4 just draw line from the last parabolic to the first once it's been popped.
Member Since Oct 14, 2016
2 posts
Oct 14, 2016 at 06:29
all your accounts lost
forex_trader_169700
Member Since Dec 30, 2013
163 posts
Oct 15, 2016 at 20:11
Grow up!!!
Member Since Oct 08, 2016
57 posts
Jan 03, 2017 at 10:50
I am not sure only indicator based trading will how much effective! For the reason that, I have very bad experience on indicator based trading! I seem; traders need clear knowledge on technical and fundamental analysis for being a consistent payer here! In addition, I judge trading strategies according to their live performance either its profitable or not!
To change your trading result, just change your thinking.
forex_trader_349347
Member Since Aug 04, 2016
10 posts
Jan 04, 2017 at 07:44
PriceAction13 posted:
I am not sure only indicator based trading will how much effective! For the reason that, I have very bad experience on indicator based trading! I seem; traders need clear knowledge on technical and fundamental analysis for being a consistent payer here! In addition, I judge trading strategies according to their live performance either its profitable or not!
Well one should not rely entirely on trade by indicators. But it is not something that can be completely ruled out. Combining indicators and analysis seems to be a good idea
forex_trader_349347
Member Since Aug 04, 2016
10 posts
Jan 04, 2017 at 07:45
@PriceAction13 What is your way of trading?
forex_trader_349949
Member Since Aug 07, 2016
14 posts
Jan 04, 2017 at 07:56
LLewis posted:
Thanks for sharing. Also give us some insights on the results of the strategy applied by you 😄
Do you use strategies like this too?
forex_trader_349949
Member Since Aug 07, 2016
14 posts
Jan 04, 2017 at 07:56
PriceAction13 posted:
I am not sure only indicator based trading will how much effective! For the reason that, I have very bad experience on indicator based trading! I seem; traders need clear knowledge on technical and fundamental analysis for being a consistent payer here! In addition, I judge trading strategies according to their live performance either its profitable or not!
Agree with you.
forex_trader_350141
Member Since Aug 07, 2016
12 posts
Jan 04, 2017 at 08:07
Greggy posted:
Forgot to say wait until parabolic pops on whatever time frame before drawing trend line from lows and highs and ensure they cross where the MA crosses the Parabolic Average. I use 5 Day Smooth Moving Average.
Can you elaborate on the strategy you use?
May 07, 2017 at 08:51
(edited May 07, 2017 at 08:52)
1st of all, I wanna appreciate your helpful contribution! Although, I am not sure about the quality of your trading strategy! Actually, I hate indicators! Why ? I have used almost 50 trading indicators including so many paid tools! But I have seen, all of those were valueless! Besides, I see news trading analysis is much reliable and logical to use, so I am interested on only news analysis right now!
Jun 13, 2017 at 05:28
Greggy posted:
1. Place Parabolic on chart.
2. Place 1 Day Smooth Moving Average on Chart.
3. In Indicators List go to Edit to change Moving Average just placed on Chart and Apply to First Indicator's Data.
4. Place 5 Day Smooth Moving Average on Chart.
How to Use:
1. Draw Trend lines from the Low or High on any Time Frame intersecting where Moving Average intersects with Parabolic Average as in 2nd Chart Example (a). These lines tend to provide support and resistance. Above the Red Line - Buy. Below the Red Line - Sell.
2. Draw horizontal lines where Red Moving Average crosses Parabolic Average - These also provide signals to Buy or sell as in the next example (b)
Can also add other MA's as you require, same technique applies!!!
Do this on appropriate Time Frames. This strategy can be used on all time frames from 1 minute to Monthly.
Any queries contact me on this forum and I will answer them.
Happy Trading.
Thanks a lot for sharing here your personal trading strategy! But I am not sure, how much effective it is, because it’s all about indicator based trading! According to me, Fundamental analysis is more important than technical analysis! So, please don’t avoid fundamental info into your strategy!
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
