Originally Posted by Spawnster83

Is your "Down Arrow" are the zigzag pointer with the setting of 100,75,15 ? Btw, your patience in waiting for the signals is good. You only trade using FTC?

Originally Posted by osaze

I really need a definite S/L and T/P for most of the pairs in all their various timeframes b'cos GBPJPY is really volatile and GBPUSD is not as volatile......

I like your system and I would love to try it, I am seeing so many indicators that I don't know which group to use.....

If possible, just pack all useful indicators and zip them 2gether, then post them...

Thanks

Originally Posted by osaze

I really need a definite S/L and T/P for most of the pairs in all their various timeframes b'cos GBPJPY is really volatile and GBPUSD is not as volatile......

I like your system and I would love to try it, I am seeing so many indicators that I don't know which group to use.....

If possible, just pack all useful indicators and zip them 2gether, then post them...

Thanks

Originally Posted by osaze

I really need a definite S/L and T/P for most of the pairs in all their various timeframes b'cos GBPJPY is really volatile and GBPUSD is not as volatile......

I like your system and I would love to try it, I am seeing so many indicators that I don't know which group to use.....

If possible, just pack all useful indicators and zip them 2gether, then post them...

Thanks

Originally Posted by bigbear3391

__________________________________________________ _______________
UPDATE 12/03/2007

Hello all,

First I want to thank all of you for the support. Forex11 & I never thought this would take of they way it did. Thank you.

Now down to business. As I said somewhere on this thread I would only be updating this original method with any new additions once I was satisfied with its performance & it still adhered to our K.I.S.S. methodology. So officialy I will be adding the MFI (Money Flow Index) with 80/20 settings. I will be & have been testing certain indis & possibly will be updating again in the near future. I would like to ask Forex11 (Co-Creator FTC) if he would like to post his methodology. Below is screen shots of the my current methodology.


I have 3 charts set up. A 30M, 1HR & 4HR.

If I see a signal like this:



I move on to the 1HR. Then I see this:



I move on to the 4HR & then I see this:



So as you can see I look for confirmation on all 3 charts. You can always take it off the 1Hr if you like but I prefer the 4 HR. When you see all 3 its a super strong indicator that it will go in that direction. Thats how I trade it. Simple & straight forward.

As for exits & stoploss. To make it simple if you use a 1HR GBP/JPY I reccomend at least 75 pip SL. on the 4 HR a 200 pip SL. As for exits you can use the next signal or a profit point of your choosing. As for me I use the MFI to see how close its being overbought/oversold, look for upcoming news that my affect your trade & to make sure my risk reward is at least 2-1. Never risk more that what you will gain. Put bluntly its stupid.

The indis below are the indis im using & the TPL. You must use the same indis I use otherwise the TPL wont work. But you can always just add the indis as well.

Take Care & good luck.

Bear-
__________________________________________________ _______________
Hey All,

I was trying to get help making an EA out of this & it was suggested that I post it here so people will get comfy with it.

Before I get into it I have a few things to say.....

Yes you will lose.

But with proper money management & practice you can do pretty good.

All the tools needed are available for download. This system only works on MT4 brokers.

Heres how it works.

On a 1 hour (aggressive) or a 4 hour (optimal) chart, place the ZIGZAG POINTER & NON LAGGING ZIGZAG indicator with the inputs supplied, on a candle chart with period separators.

How To Enter 4 Hour Chart

When you see an arrow & the Zig-Zag Line, go in that direction. Place your stop according to your risk appetite. I use at 60 on a 4 HR & 20 on a 1 HR depending on which pair you use (I use the EUR/JPY or GBP/JPY 1hr or 4 hr) & your risk appetite, you can set your goals. Your trade will go until you hit your goal or the next bounce with an Arrow.

If you dont see a new arrow yet, this trade MIGHT not be done. You have 2 options.

1)You can get out & wait for the next arrow.
2)You can adjust your stop to capture some pips & ride it out.

The reason I say that is because I have noticed that more than a few times the trend will bounce & retrace for a while, then continue. I have used the bounce as stop & a chance to add to my positions.

A few points are if the overall trend is long & you see a short signal, chances are its a small retrace so it is more risky. However its a good chance for a quick profit.

How To Enter 1 Hour Chart

If you choose to use a 1 hr chart I recommend that you get out at each bounce or your specified targets.

This is a serious trading system. I have been scoffed at about this but I have been using it.

If you have the time I think you should demo it.

Before I forget, yes the arrows move. If a new high/low is established, the arrow will move to the next PROBABLE reverse point. So backtesting is useless. Only forward testing applies & thats why I know it works.

Constructive comments & suggestings are welcome.

Thank you for your time

Bear-

As per Mr. Pips Request here is a link to all indis:

http://www.forex-tsd.com/157318-post1522.html