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I have been having having very good success using in particular, one of the indicators from the Cluster system, found on the MQL website. I have been using this in conjunction with the GG Trendbar and Trend RSI indicator (on H1).
In the last fortnight, using this combination, I have increased the equity of some of my live accounts up to 60%, and am able to get some pinpoint entries on my trades.
The only problem I am finding is that for some reason, the CFP won't refresh, so I have to keep changing the timeframe on the chart, then change it back again. I run it on an M5 chart in conjunction with a similar setup on the H1 chart.
Can anyone help me fix the refresh problem on the CFP indicator?
Does any one do have the indicator below the graph (i wrote there stating buy n sell) or similar to it .thanks.much appreciated if some one can post it.
I have been having having very good success using in particular, one of the indicators from the Cluster system, found on the MQL website. I have been using this in conjunction with the GG Trendbar and Trend RSI indicator (on H1).
In the last fortnight, using this combination, I have increased the equity of some of my live accounts up to 60%, and am able to get some pinpoint entries on my trades.
The only problem I am finding is that for some reason, the CFP won't refresh, so I have to keep changing the timeframe on the chart, then change it back again. I run it on an M5 chart in conjunction with a similar setup on the H1 chart.
Can anyone help me fix the refresh problem on the CFP indicator?
Basically, the system I have put together is using the H1 and M5 chart. I am using two templates, on two separate platforms. The reason for this is that I trade 4 live accounts simultaneously, and find that 4 charts on 1 screen is small enough to see...
First of all, I look for the change of direction signal on the H1 chart. I used to use the first dot on the TrendRSI as the "early warning system" of a change in direction, but now find I get a quicker signal from the BB MACD. It will blink at you with a colour change. When you see this indicator blinking, switch over to the M5 chart, and wait for the CFP to cross the zero line. The CFP is one of the 5 indicators in the Cluster system. I don't think you need more than two of them, and the CFP is the most useful in my opinion. This combination of timeframes helps you to avoid trying to go in the main direction, when the market is in a counter-trend.
The GG TrendBar is good for telling you which direction overall to trade. I only look at the weekly trend, as the shorter timeframes will change direction daily and sometimes hourly. Some of the best trades I have had so far have gone for a couple of days before giving an exit signal, and can run up to 250-300 pips. The CFP on an M5 chart can actually hold you in a trade when there is a good move, and you are not continually "in and out", getting your account chopped to pieces, as usually happens when trying to trade short term charts. I also trade a basket of 4 currencies....eurusd, gbpusd, audusd and usdchf. Basically, three go the same way, and one goes the opposite way.
This keeps the stress levels down about which direction to trade, which is one of the hardest things to decide, in my experience.
One thing I like about the CFP, is that when the trade comes back on itself, you can generally exit very close to where you entered, so the losses are generally small, unless the market moves against you fast.
Below I have attached the templates for H1 and M5, plus the indicators mentioned above. The MultiSSRC on the M5 chart also indicates an early reversal on the short term chart. I never liked multi timeframe indicators much, but they can be useful in indicating early direction changes...I think they are better to be used for exiting, rather than entering a trade.
I am still looking for some programming help with the CFP refreshing issue - if anyone can assist that would be very helpful.
Third time lucky...having trouble getting the indi's to post for some reason....perhaps I have had a coupel too many glasses of wine tonight!
I had the same problem in the past and ND had a link with a fixed version. I have n't used it for a while but as i remeber it worked correctly. here the fixed version. i hope it helps
Linear Mode
