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i want to present you a new tool (not really indi), base on an old school trading method ...
I give you the link (not able to post attachment for the moment) http://codebase.mql4.com/5574. it's a simple tool for plot "news" as a vertical line on the chart, why? because trade importante news is more easy than pay for scalping system made on many indi.
So how i use it, before found this tool i use a simple calendar, wait on a M5 chart the publication of the new and "follow the move", so simple, but give good result considering to the time my position stay open.
I.E this week :
-4th may, 14h GMT pending home sales result : entry at 14h01 on strong up...close at 14h30 after 40 pips on EUR/USD
-7th may, 11h GMT GBP great britain bank rate : entry at 11H00 on strong up...close at 11h03 after 50 pips on EUR/GBP (look GBP/USD move down with same force )
-same day, 45min later. euro BCE rate : entry on strong move at 11H45 on strong up...close the same min after 30pips on eur/usd
It's just exemple regarding this week, and it's not a strategy, only get some "bonus" when you stay on computer all the day, and if it's trading time in your country .
next opportunity...in 10min on eur/usd with us release.
this tools is full of options, alarm, kind of news you want....it's not my job, and if you need help make it working ask me.
-Use SL near your entry position (in my case 100 not more) dont jump inside the move during the first minute (should be dangerous). leave quickly your position (after some minute people take back their mind!)
impossible to make EA, and don't need, it's a pure opportunistic scalping technic. one of the big move where you don't need chrystal ball but free time.
choose your favorite pair (get logic in your choice according to the news which is release...GPB news don't make EUR/YEN move stronger). GOOD or BAD news? not important follow the mass.
don't need enough indicator candle chart, macd and ma if you want, just get ready for throw your order, and the same to go out.
10min ago and on a 3min trade after unemployement rate : 59 pips.
Hope you will like this, sorry it's not magic indicator, and i repeat it's not my strategy, i use others indies for my day trading.
and last words for newbies (i was one of them) regarding this tools (news-plotters), don't take position before news (of course)
(sorry for admin if i don't put my post in the best place, move it if you need)
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Hello everyone, I need this indicator please >>
You can get it from here: Blue Wave Trading - Web Site. Ouch, it's only $3,495.00. Or, if you want to work a little harder, you can use a couple of custom indicators available for NT 6.5 or for MT4 on ES or YM for free or a lot less than BWT.
Remember, you can make good ticks and points in eminis without trading all the signals and watching your chart throughout the market RTH.
CCI is one of the best indicators that people generally use on their trades. It is very important. If someone filter this CCI indicator, he will catch "the hand of being rich". I bet
usefull tool
...
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and last words for newbies (i was one of them) regarding this tools (news-plotters), don't take position before news (of course)
Linear Mode
