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just loaded up meta 4 and have your system (template) installed...mkt is closed now but everything seems to be in order...looking forward to seeing this in action...
you mentioned to wait for the close of the bar (signal bar) which is understood...my question is regarding the actual entry method using a limit order... i will be watching this on the 1hour bar with the same settings that you use..
any comments on where to look for entry... i read your ebook..thanks
i have a problem i don't get the red line signal what should i do i use .tpl file and the signal don't come out not even in 15m time frame what should i do i use this on 2 different broker and is the same
1. If you enter long when Ehlers Fisher cross is low as you recommended you go against the trend...actually none of your indicators will show the general trend
2. the Elders Safe zone doesn't filter much at entry and is confusing after...
3. try to find ONE exit rule, very important, for me the smoothcandle cross is the best
4. how can I get rid of the gray channel lines part of the smoothcandle, anybody knows ?
5. the fact that smoothcandle lines are close doesn't mean we'll be in a range market aftre 5 min by now, that's how they always are before a trend starts, we just don't know when this is happening... and the spikes before that will kill our account...
6. your pdf is ok but you didn't show there so many bad entries given by the system, don't be too excited only by the good ones
7. congratulations for the weekly pivot discovery, I thought that the daily pivots are dedicated for the hourly chart, not that I use them...
You're on the good path of working your way but you still have a lot to figure out, 2 years experience and 2 blown accounts is not that much after all . good luck. Val
This is a simple and highly profitable trading system that works with 1hr timeframe.The attachment includes all you need to know about this system. Happy trading
Where abouts do you place the downloaded files to activate the system on Meta4 platform?
1. If you enter long when Ehlers Fisher cross is low as you recommended you go against the trend...actually none of your indicators will show the general trend
2. the Elders Safe zone doesn't filter much at entry and is confusing after...
3. try to find ONE exit rule, very important, for me the smoothcandle cross is the best
4. how can I get rid of the gray channel lines part of the smoothcandle, anybody knows ?
5. the fact that smoothcandle lines are close doesn't mean we'll be in a range market aftre 5 min by now, that's how they always are before a trend starts, we just don't know when this is happening... and the spikes before that will kill our account...
6. your pdf is ok but you didn't show there so many bad entries given by the system, don't be too excited only by the good ones
7. congratulations for the weekly pivot discovery, I thought that the daily pivots are dedicated for the hourly chart, not that I use them...
You're on the good path of working your way but you still have a lot to figure out, 2 years experience and 2 blown accounts is not that much after all . good luck. Val
Thanks 4 ur comments...
this will help me clarify somethings....
1.The elders safezone is mainly an entry signal. It ensures your trades are on the right side. After the entry, just don't worry yourself about it.. It zigzags sometimes but trust me, it has no effect. I use safezone b'cos it gives a surer market high and low with my combination.
2. There are really no too many bad entries as most times you dont enter if its a bad entry....Prove me wrong by posting what you call bad entries and I will tell you that you were wrong in your entry. I dare to tell you that this trading system is very profitable.
3. B'cos I understand this trading system, I may not be able to explain to someone that doesn't. I will take care of that as time goes on...just post what you don't understand and I will explain it in simple terms so you won't be confused while trading
4. 4 the gray channels, use my template and it won't appear.
5. 4 the smooth candles, I prefer using limit orders 4 entries. If you notice, I wrote recommended in brackets for that.
6. For the exit rules, the one that has always worked for me is the one I put there. I really haven't been able to explain it the way people will understand. I will make another pdf strictly for that.
I am not into "general trend" thing (though its great), so my indicators really don't need to follow general trend to profit.
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I have so many commercial trading systems, indicators n robots. I still keep them to remind me that am better.
. good luck. Val
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