Using Repainting

Pava · #1 (**permalink**) 06-27-2009, 08:51 PM

Here is a simple system using famous worthless indicators like Semafor/Super Signals/Zigzags of all kinds....
Find attached:
1. a.gif -How it looks...( notice the simplicity...so much space to breathe
freely)
2. Easy Expert Advisor..(place in Experts folder for new bees)
3. Semafor Indic...(place in indicator folders if it's not already there)
4. My humble ZZ-top template...(place it in templates folder)
__________________________________________________ _____________

1. Time frame: 5 minutes.
2. Wait til Semafor signal appears.
3. Place a TRENDLINE according to signal (RED-direction Up, GREEN
direction Down)...
4. Right click on trendline, name it BS-after Green signal or SS-after Red
signal.
5. Once trendline is hit...EASY will place an order for you.
6. Adjust Stop Loss line & Take Profit line.
7. Take 2 points & exit.
8. Once you are comfortable with trading the system..play with adjusting
trendlines of SL & TP...perhaps to make more pips.

fosgate_r · #2 (**permalink**) 06-27-2009, 08:58 PM

Nice system.
Quick trading system

.

Pava · #3 (**permalink**) 06-27-2009, 09:13 PM

Keeps you on your toes...like any sport game

1Dave7 · #4 (**permalink**) 06-27-2009, 09:55 PM

Quote:

Originally Posted by Pava

Keeps you on your toes...like any sport game

Pretty layout, but next to worthless for trading!

Pava · #5 (**permalink**) 06-27-2009, 11:11 PM

Have you tried it?

xard777 · #6 (**permalink**) 06-27-2009, 11:29 PM

Great potential but still needs a filter like stochastic or trix.

The thing about repainting zigzags is that they are one of the best tools for showing ABCD formations.

Looking forward to seeing how this system grows

Xard777

Just keeping it simple....np

Pava · #7 (**permalink**) 06-27-2009, 11:33 PM

The only enemy of this system is greed...placing TP at 2 points...that is

Pava · #8 (**permalink**) 06-28-2009, 12:07 AM

I believe the point of the system I presented is...to disregard indicators (except for the Semafor...which will repaint few times til the trade will be triggered)...and enter and exit trades...based on the price action only...price action will trigger beginning of the trade...and an end of it...

Pava · #9 (**permalink**) 06-29-2009, 12:53 AM

2 trades...6 pips....30 minutes....
(sorry...got greedy...set my TP at 3

Pava · #10 (**permalink**) 06-29-2009, 01:06 AM

"I have yet to see trendline that haven't been broken"
B. Hussein O'bama
Attached is Trendlinesday indic...just click on the trendlines it makes and rename them BS for buy and SS for sell...those trendlines get broken consistently...presenting opportunities for effortless profit