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Those 2 indicators (i-ParamonWorkTime and MaksiGen_Range_Move indicators) are from this thread MaksiGen Trading system and this thread Channel trading system
But as I said you can deattach those indicator from the chart if you are not using them, or use the other indicators: - instead of i-ParamonWorkTime you can select some indicator from this thread Market Hours Indicator - instead of MaksiGen_Range_Move you can select something from this thread How to use Support and Resistance Effectively and this thread Horizontal lines |
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Thanks for your reply and I am reading it
![]() While I read the trading rule, I have few question that need to understand Quote:
And SAR indicator is at top and bottom of the price line, for example, if we start buy, so the exit point will be the 1st SAR at bottom of price line? |
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This thread about rules BrainSystem: Trading Rules
Close bar is bar #1. Previous bar. See previous posts for the description. For example, you see the signals on open bar. You are waiting intill this bar will be closed. So, it will be closed bar or previous bar or bar #1. New bar will be opened. Number is new bar is bar #0. You had the signal on previous bar (=bar #1 = close bar). Thus, when new bar is open so you should look at previous bar with the signal for confirmation. I-XO indicator is understandable (by color). Confirmation by Stochastic for buy: Stochastic is on uptrend moving from 25 level or any level you selected. As to exit so there are many kinds of exit and it was described on this thread BrainSystem: Trading System Development and Trades Quote:
Close bar = previous bar = bar #1. The signals, confirmation and exit should be on bar #1. Previous bar. In case of open order: we open order on the next bar from the signal. Exit: we should have exit by indicators or any on bar #1 as well and next bar is open - and we are closing the order. "Trading on close bar" are not my words. It means the following: bar with the signal, confirmation, exit or any should be closed. It is well-known terminology. All signal systems (asctrend, labtrend and so on) are trading on close bar. Last edited by newdigital : 05-14-2008 at 03:33 PM. |
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Most of exit rules (not all of them, just most of them) are related to stop loss mving by trailing stop. So, when you open the order the main task for you is to move stop loss. Exit on Parabolic SAR is related to stop loss moving by trailing stop.
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It is one of the example now.
Today: EURUSD - no any signals; GBPUSD - no any signals; USDJPY - no any signals; USDCHF - just one trade with about +30 pips in profit (open the order next from the signal bar - means - trading on close bar). usdchf_bt30_1405.jpg |
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Quote:
It is EURUSD: EURUSD_bt30_1505.jpg It is GBPUSD: GBPUSD_bt30_1505.jpg Just imagine that we will have good buy or sell confirmed for GBPUSD. And I will look at the history of the week and will see the chart as I posted here ... so I will not open the order. Last edited by newdigital : 05-15-2008 at 10:49 AM. |
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Quote:
EURUSD_h4_1505.jpg EURUSD D1 timeframe (price is inside Ichimoku cloud - Ichimoku indicator, default settings, D1 timeframe): EURUSD_d1_1505.jpg and GBPUSD D1 timeframe (AbsoluteStrength indicator is on not trading condition - not buy and not sell): GBPUSD_d1_1505.jpg AbsoluteStrength indicator and all the talking about how to estimate market condition using this indicator: read this thread Nonlagging Tools (it is somewhere in the middle or in the end of the thread with images and description). I am sorry - I do not want to complicate this subject but everybody knows that I am always using some other systems or indicators for technical analysis or to estimate the market condition. Because if you do not have time so it is always important to know in the beginning of the week: will you trade this pair this week or not. So, I am suggesting to use technical analysis as well because it will save time a lot and it is necessary sometimes for signals system. PS. What is "signal system"? It is when you see some dot or arrow on the chart and you must open the order only because you see this dot or arrow on the chart fully relying on indicators. So, it is necessary to use other technical analysis every day when using any signal system (if we do not want to rely on the dots so much). Last edited by newdigital : 05-15-2008 at 11:16 AM. |
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Hi all, Just wondering how well this systems working for those of you who are using it. Big thanks to newdigital for all your hard work and yes like you said in your previous post its important that market analysis is done prior to following the dots/arrows.
Regards bh4v1k ![]() |
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LinkBack to this Thread: http://www.forex-tsd.com/brain-systems/426-brainsystem-setup-questions.html
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| Posted By | For | Type | Date |
| Spreadtrade2Win :: View topic - High Profit BrainTrader Strategy | This thread | Refback | 04-30-2008 01:44 PM |
| Spreadtrade2Win :: View topic - High Profit BrainTrader Strategy | This thread | Refback | 03-01-2008 08:04 PM |
| Spreadtrade2Win :: View topic - High Profit BrainTrader Strategy | This thread | Refback | 11-10-2007 02:03 AM |
| Spreadtrade2Win :: View topic - High Profit BrainTrader Strategy | This thread | Refback | 07-17-2007 02:35 PM |
| Spreadtrade2Win :: View topic - High Profit BrainTrader Strategy | This thread | Refback | 07-13-2007 10:16 PM |
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