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Here is another possible filter for zigzag arrows, If you wait until you get an arrow and and a RSI binary spike you can see the last few trades would have put you in profits...
I don't use this live. I use candlestick formations and support/resistance when I get arrows and only 4hr charts, but someone might find this useful.
What's your favorite form of Support/Risistance, Murray Math, or Pivots?
Hi all here!
I have looked for MFI indictor in this thread, but could´t find.
Could you please share it here, i want it to use as filter for BB´s FTC system. Thanks!
Hi all here!
I have looked for MFI indictor in this thread, but could´t find.
Could you please share it here, i want it to use as filter for BB´s FTC system. Thanks!
Hi fasika,
the MFI is call = Money Flow Index, and it can be found under volume folder in your MT4.
Just a quick note about this weeks trading. Because of the biggest piece of trash news the NFP (Non Farm Payroll USD) the voulmes of trading will be very crappy. Prepare for very spiky trading on any pair related to the usd. Pairs related to GBP will also be affected because of the close ties to the USD market.
If you insist on trading this week just be very careful. You may want to adjust you profit targets much lower until the next week. I am personaly not trading FTC until next week when things go back to "NORMAL"
how to know that the false signal will happen?...i've use so many zig zag pointer...but always has a false signal....
You never know when it will happen. If we knew that than this would be perfect. Thats why we use filters. People on this thread use what they feel comfy with & share it with the thread. Read through & see what you like. I have posted my tools a few posts back.