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First of all thank you very much for sharing this T.S.
I think it was at the end of 2007 when I came across Rads Reverse MTF HAS T.S. A very nice system too that I have been using for quite a while and after some time I also have developed a T.S. derived from the principles in your sytem. It's all in a different forum b.t.w.
Well we have another subject here and the basics of this T.S. also appeal to me..... In a different setup I have been trading charts in hourly divisions and therefore I would like to share here some experiences with that one....
In my setup the Kijun/Tenkan is being used because the setting of 27 provides besides guidance of trades..... quite a remarkable guidence regarding entry points too. For instance right here in the first chart this is all quite obvious at the yellow triangle.
Another remarkable thing using the Kijun/Tenkan is trading "SunWheel" structures. These occur when the Kijun/Tenkan is going to cross price in the middle of a circle.... or when a trendline connected to the Kijun/Tenkan is going to cross price in the middle of a circle, i.e. the distance from the entrance point projected from the middle of the circle in the same direction gives you an indication where your exit may be..... Some examples of how this works are shown in the two lower charts.
Below is a template too for my setup of your RADS-BZ T.S. Because I actually never look at the coloured spikes on the Randy Candles I have replaced them here with neutral (gray) spikes.
Next I have added dots (BrainTrendSig4). This indicator I have slightly modified from BrainTrend1 and therefore have called it BrainTrend4Sig. I find the original versions hardly usable because of far too many dots. Yellow dots come into play when bars are red and Aqua dots come into play when bars are green.
Have a nice day, John
Last edited by John Edwards; 03-04-2009 at 10:24 AM.
B.T.W. BrainTrendSig4 is calling on the indicator below. Put it in the map "include" under experts........ so in metatrader/experts/include...... and it should be working.
Here are some examples of Sunwheel structures and how these may be traded....
Regards, John
Last edited by John Edwards; 03-04-2009 at 01:56 PM.
Reason: Added PriceSeries.mqh
Not that it really matters...... However in this forum it says junior member again..... It is a bit strange for I have contributed quite a bit some time ago to a different thread about BLESS EA no1.
Par hazard that thread has been deleted..... So there you go.... all my details are gone probably as well.... number of posts, etc.
Quite funny actually..... for I am over 60 and have been trading stocks and options for many years using and programming Metastock. As of 2006 I now have completely switched to Forex and Mt4.
That's all in case you might think..... who have we got here?
Well I missed most of the good trades last night due to my arch nemesis, sleep. Finally took a nice trade on EURJPY after a trend line break and it went my way. However, I became a greedy little pig and was sure this was headed much lower and gave up a bunch of pips. Nevertheless, a win is a win.
__________________
Change everything till it works!!! Test, test, test... Click here to see my trading... http://letsgetreal.mt4stats.com
Not that it really matters...... However in this forum it says junior member again..... It is a bit strange for I have contributed quite a bit some time ago to a different thread about BLESS EA no1.
Par hazard that thread has been deleted..... So there you go.... all my details are gone probably as well.... number of posts, etc.
Quite funny actually..... for I am over 60 and have been trading stocks and options for many years using and programming Metastock. As of 2006 I now have completely switched to Forex and Mt4.
That's all in case you might think..... who have we got here?
John
Hi John, I appreciated your post about the Sun Wheel, it looks like it deserves a seperate thread. Perhaps you will start one if you have time? Thanks,Goldensight
Hi John, I appreciated your post about the Sun Wheel, it looks like it deserves a seperate thread. Perhaps you will start one if you have time? Thanks,Goldensight
Thanks for your kind remarks... however I don't have the intention to mix things up in this thread, it's only that I have traded the hour sequence in a different manner and wanted to show that it is a very powerful tool to have in the traders kit, especially when a Sunwheel is in the prelude to the next hour as shown in one of the examples.
So I am not going deeper into the matter in this thread.
Thanks for your kind remarks... however I don't have the intention to mix things up in this thread, it's only that I have traded the hour sequence in a different manner and wanted to show that it is a very powerful tool to have in the traders kit, especially when a Sunwheel is in the prelude to the next hour as shown in one of the examples.
So I am not going deeper into the matter in this thread.
Have a nice trading day, John
I agree John and that is precisely why I suggested to start a NEW thread in order to let Rad keep his thread clean(I should delete my posts). If you are not interested then not a problem it's just that it's nice to see a different kind of trade setup on forums and your sunwheel is slightly out of the box. cheers, Goldensight
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