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Place all the indicators in /indicator folder, compile. Place template file in /templates folder (for example: C:\Program Files\MetaTrader4\templates).
Open MetaTrader, open 4 charts M1 timeframe (EURUSD, USDCHF, GBPUSD and USDJPY). Apply template to each chart.
1. Trade according to ASCTrend indicator. You will see many arrows with blue and red color. And alarm on the full closed bar (bar #1). So open the order when the bar with the signal (previous or 1st bar) is closed and new (current or zero bar is opened).
We will have many arrows on M1 timeframe. And because of that every signal should be validated.
2. Trade on the direction of Parabolic SAR. It means that only arrows are valid if they are on the direction of the SAR.
3. If we have buy according to ASCTrend indicator (on the previous bar and according to the alarm), and this signal is confirmed by Parabolic SAR so we look at the separate windows:
- this buy should be confirmed by ATRStops indicator by blue color (on the same bar with signal bar) - if buy, red color is for sell;
- this buy should be confirmed by NRTR indicators on the second separate windows.
It is the rules.
Additional confirmation.
It is very difficult to trade using M1 timeframe. I did not use this aditional confirmation. And because of that (because I did not use any additional confirmation) I understand every 5 pips in profit as a gift (you may see from the statement how many pips per order I did). We may have more pips per order using additional confirmation.
Some people may want to have additional confirmation: - trade on the direction of ATRChannels indicator; and/or
- trade on the direction of RoundPriceNE_pips indicator; and/or
- Trade on the direction of RoundPriceNE_big_separate indicator.
Additional confirmation is not obligatory but strongly recommended. We may use all the additional confirmation (all 3), or any of them.
If we are trading without additional confirmation so be away off any news (be away off any big price movement if trading without any additional confirmation).
I changed some indicators to work in separate windows. Because it is difficult to see the price if we have many indicators in main window:
Code:
#property indicator_separate_window
Besides I used some digital filter indicator which I created many months ago.
Indicators and template are attached.
It is very difficult to trade this system for M1 timeframe.
But I checked the indicators and they are ok (not painting the past and refreshing itself).
HI Newdigital,
Thanks for the indicators....but they are so many ...which one to use...
If you don't see any KGSP indicator in the chart so download more data on M1: unselect "AutoScroll" and hold "Page UP" button to download more historical data on the chart.
If you see my statement you may understand that I traded without any additional confirmation. I traded few hours yesterday and few hours today only.
And I have some other trading rules:
1. Estimate the time when you will trade and trade in this time only. Trade one time a day. It may be every day but in the same time.
2. If you are not using any additional confirmation (the same with me) so estimate this time out of any news/big price movement. If you are using additional confirmation you will be probably need this big price movement.
3. Estimate stop according to the ATR_Channels indicator, or according to your own experice.
4. This system is not scalping. Even if you are not using additional confirmation rules you will not have many validated trading sygnals on M1 timeframe.
5. When you start to trade and see good confirmed sygnal - wait. Did you see the first order at my statement? Right. It was stop loss. Why? Because this system is generating the sygnals if the trend is established already. So you will get confirmed sygnals in the middle or in the end of the trend. So if you start to trade - wait until the current trade is finished and new one is started (according to Parabilic SAR indicator). To catch the new validated signal early.
6. Re-enter. Any time. Because of M1 timeframe. But be carefully because as I said this system is catching the middle or end of the trend.
Linear Mode
