0 The NickB's 4H Scalping Trading Method

The setup for the trades is simple...

Pair: GBP/JPY
Timeframe: 4 hour
Indicators: NONE!!

What we want to do first is to find recent swing highs and swing lows where the price has hit and made a significant reversal. Here are some examples.

At each of the orange lines price changed direction and moved, over many 4 hour candles, hundreds of pips away. These orange lines are called scalp lines.
So what do we do with these scalp lines?? You trade them! When the price returns to a scalp line you simply place a trade on the break of the line using a 50 pip stoploss and a 50 pip takeprofit. That's all there is to it!
Here is an example of a scalp line break:

Not only are these trades easy to find, they can be taken with pending orders! So if you work full-time this is a great method to use!
If anyone has any questions or comments feel free to post them. And, just to be clear, this is not my system. It was developed by Nick Bencino, aka NickB.

Here's a copy of Nick's ebook that describes his entire system.



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0 ForexKey Trading System

To use this method you don't need to be an expert.. This is EXTREMELY simple so that anyone can follow it.A wonderful thing about FOREX KEY SYSTEM is that the trade is entered at the same time every single day!While the method can be used on many different currency pairs we recommend the EURUSD. Why EURUSD? The EURUSD is extremely liquid and usually has among the tightest pip spreads of any pair.

If you do use the FOREXKEY on pairs other than the EURUSD then you may want to use a different "StartTime", and perhaps different pip amounts for the target and stop loss. More advanced traders can experiment with this at their own discretion, but we will now focus on the EURUSD for the description of this method.

The System:
The Key Bar indicator will display a LONG (buy) or SHORT (sell) entry signal at 10:00am EDT (New York Time). See example below. Apply the Key Bar Indicator to a 5 minute EURUSD chart. The input called, "StartTime" is defaulted to 10:00am. This is 10:00am EDT (New York Time). IMPORTANT: If you are in a time zone other than EDT (New York Time) you will need to adjust the "StartTime" by the number of hours difference your time zone is. For example: If you are in a time zone that is 3 hours behind New York then you'd set the input to 7:00am (0700). if you're in a time zone that is 6 hours ahead of New York then you'd set the input to 1600 hours (4pm), etc, etc. Just make sure the "StartTime" is the equivalent to 10:00am in New York. Every trade is taken at this time each day.

EXAMPLE:

ENTERING THE TRADE:
If at the StartTime (10:00am New York time) the Key bar indicator displays a RED bar then you will sell short on the open of the NEXT bar. If at the StartTime the Key bar indicator displays a BLUE/CYAN bar then you will BUY long on the open of the NEXT bar. Yes, it's that simple!

EXITING THE TRADE method 1:
Exiting the trade is a two part process:
1) Profit Target and Stop Loss: As soon as the trade is entered use a 50 pip profit target and a 50 pip stop loss for both long and short positions.
This is considered a 1:1 (1to1) "risk to reward ratio" for the target and stop loss. This is considered a more professional approach than using a system where the stop loss is, for example, eight times that of the target so that a losing trade wipes out eight+ winners. In my personal experience I've only seen what I consider to be unrealistic "forex robots" and other "forex systems" use that type of trade management methodology in order to tout a very high percentage of profitable trades. In other words you can have a 90% winning system that loses more than it makes if one loser wipes out 10+ winners due to a 10 pip target and a 100 pip stop loss. The Forex Key System is not that type of system, it uses a 50 pip target and a 50 pip stop loss (1 loser wipes out 1 winner, and each winning trade recoups each losing trade). More advanced traders can experiment with other target and stop loss amounts at their own discretion.

2) Time Based Exit: For a long position: if by 2:55pm New York Time (remember to offset these times as per your own time zone, as outlined above) the trade has not yet hit the target or stop loss then sell the position on the first profitable close of a bar. In other words on or after 2:55pm New York Time if the position is still open then as soon as a bar closes and the trade is profitable then close the position.
So one of three things will happen: The trade will hit the target, the stop loss, or be closed on the first profitable bar on or AFTER the bar at 2:55pm New York Time.
The exact same is true for a short position except the exit time is on or after 10:55am New York Time, rather than 2:55pm.

EXITING THE TRADE method 2:
(Trades only 1 hour per day, with a higher percentage of profitable trades but overall profit potential can be less than exit method 1):
All of the above is the same except the exit times are as follows:
Long TimeBased
Exit: 10:55am (New York Time)
Short TimeBased
Exit: 10:40am (New York Time)

SemiAutomating the System:
Entering at the same time every day makes this method MUCH easier than nearly all other methods. To make this system more "automated" simply use limit orders for the profit targets and stop loss orders in your trading platform to automate the trades. Make sure to use "OCO" (Order Cancels Order) settings (if one order is executed the other one must be canceled automatically) If you don't know to do this then please consult your broker and/or check your trading platform help files.
If the target or stop loss is not hit before the timebased exit must be used then the trade will have to be exited manually. be sure to cancel any open and pending target limit or stop orders if the trade is exited manually.

NOTE: We recommend trading using a demo/simulated account before using real capital.



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0 Miracle CandleStick Chart Trading Strategy - Open Position

Candlestick charts display the open, high, low, and closing prices in a format similar to a modern-day bar-chart, but in a manner that extenuates the relationship between the opening and closing prices. Candlestick charts are simply a new way of looking at prices, they don't involve any calculations.
This method is based on break out period from 14.00 (GMT) to 16.00 (GMT) of major USD currency pairs. You have to check your broker time zone to indentify the correct period on your chart. In this book, I assume that the time on chart is in GMT.

Do the follow to set up your chart:

- Open a 15-minutes chart on a USD major currency pair such as GBP/USD
- Draw a vertical line at 14.00 time on your chart (again this is GMT time)
- Draw another vertical line at 16.00 time on your chart (GMT time)
- Draw a Horizontal line at the highest of candles/bars in between the vertical line.
- Draw a Horizontal line at the Lowest of candles/bars in between the vertical line.


* Then you have the following chart

Entry rules

- Put a buy stop at the high stop loss at the low

- Sell stop at the low with and stop loss at the high



Take Profit Target

The profit target is set at 40-80 pips.

Note:

- If the Distance between the highest and lowest is less than 50-60 pips, it could be very profitable
- If the Distance between the highest and lowest is more than 50-60 pips, it could be not very profitable
- There are always nine candles between two vertical lines.
- The USD news are usually released around or after the 14:00-16:00 GMT phase
- The USD news are usually released around or after the 14:00-16:00 GMT phase
- The signals are only valid for the current day. You have to wait for the 14.00-16.00 period to trade the next day


TRADES EXAMPLE'S

LONG TRADES

GBP/USD
First, we open a 15 minute chart for GBP/USD. We draw two vertical lines at 14.00 and 16.00 GMT time. We draw 1 horizontal line at the highest point between two vertical lines (at 1.6354) and another horizontal line at the lowest point between two vertical lines (at 1.6314). We notice that the distance between the highest and the lowest is 40 pips, so this set up would be very potential. We set a buy stop at 1.6354 with stop loss at 1.6314 and a sell stop at 1.6314 with stop loss at 1.6354. Our target profit is set at 40 pips.
Later on of the day, the price breaks the lowest level and triggers our sell stop at 1.6314 and continues move down. The trade is closed when it hit the profit target which is at 40 pips.

AUD/USD

First, we open a 15 minute chart for AUD/USD. We draw two vertical lines at 14.00 and 16.00 GMT time. We draw 1 horizontal line at the highest point between two vertical lines (at 0.6800) and another horizontal line at the lowest point between two vertical lines (at 0.6750). We notice that the distance between the highest and the lowest is 50 pips, so this set up would be very potential. We set a buy stop at 0.6800 with stop loss at 0.6750 and a sell stop at 0.6750 with stop loss at 0.6800. Our target profit is set at 60 pips.
Later on of the day, the price breaks the lowest level and triggers our sell stop at 0.6750 and continues move down. The trade is closed when it hit the profit target which is at 60 pips.

EUR/USD

First, we open a 15 minute chart for EUR/USD. We draw two vertical lines at 14.00 and 16.00 GMT time. We draw 1 horizontal line at the highest point between two vertical lines (at 1.3640) and another horizontal line at the lowest point between two vertical lines (at 1.3600). We notice that the distance between the highest and the lowest is 40 pips, so this set up would be very potential. We set a buy stop at 1.3640 with stop loss at 1.3600 and a sell stop at 1.3600 with stop loss at 1.3640. Our target profit is set at 80 pips.
Later on of the day, the price breaks the lowest level and triggers our sell stop at 1.3600 and continues move down. The trade is closed when it hit the profit target which is at 60 pips.

SHORT TRADES

USD/CHF
First, we open a 15 minute chart for USD/CHF. We draw two vertical lines at 14.00 and 16.00 GMT time. We draw 1 horizontal line at the highest point between two vertical lines (at 1.0933) and another horizontal line at the lowest point between two vertical lines (at 1.0900). We notice that the distance between the highest and the lowest is 33 pips, so this set up would be very potential. We set a buy stop at 1.0933 with stop loss at 1.0900 and a sell stop at 1.0900 with stop loss at 1.0933. Our target profit is set at 50 pips.
Later on of the day, the price breaks the highest level and triggers our buy stop at 1.0933 and continues move up. The trade is closed when it hit the profit target which is at 50 pips.

EUR/USD
First, we open a 15 minute chart for EUR/USD. We draw two vertical lines at 14.00 and 16.00 GMT time. We draw 1 horizontal line at the highest point between two vertical lines (at 1.3930) and another horizontal line at the lowest point between two vertical lines (at 1.3900). We notice that the distance between the highest and the lowest is 30 pips, so this set up would be very potential. We set a buy stop at 1.3930 with stop loss at 1.3900 and a sell stop at 1.3900 with stop loss at 1.3930. Our target profit is set at 50 pips.
Later on of the day, the price breaks the highest level and triggers our buy stop at 1.3930 and continues move up. The trade is closed when it hit the profit target which is at 50 pips.

USD/CAD
First, we open a 15 minute chart for USD/CAD. We draw two vertical lines at 14.00 and 16.00 GMT time. We draw 1 horizontal line at the highest point between two vertical lines (at 1.2189) and another horizontal line at the lowest point between two vertical lines (at 1.2160). We notice that the distance between the highest and the lowest is 29 pips, so this set up would be very potential. We set a buy stop at 1.2189 with stop loss at 1.2160 and a sell stop at 1.2160 with stop loss at 1.2189. Our target profit is set at 60 pips.
Later on of the day, the price breaks the highest level and triggers our buy stop at 1.2189 and continues move up. The trade is closed when it hit the profit target which is at 60 pips.

*Read one by one strategy carefully so you can understand our strategy well.

*Trade on demo account first before you apply this strategy to real money.

Happy Trading !!

0 Multi Pair Dashboard Indicator

The indicator will tell you the current trend of 8 different PAIRS in the 7 different timeframes.
You can use the indicator to confirm an entry point or to get a quick snapshotof the trend in many different timeframes.

 

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0 FMiracle Trading System by Karl Dittmann

This System is very Simple. Only single indicator attached on the Chart.Recommended to attach indicator by loading the Template.
You can try to experience with this.
Just follow instructions in the image that included on file download.
 The System will provide us:

• SELL/BUY LEVEL
• STOPLOSS LEVEL
• 'TAKE' PROFIT NORMAL
• 'TAKE' PROFIT LEVEL AGGRESSIVE
• 'TAKE' PROFIT LEVEL HIGJ AGGRESSIVE

So what else? All we need to trade are here.I think you don't need to analize the chart if you use this system.

Below is newest chart PAIR USD/CHF TF H1 :

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0 12 Rules of Trading

The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is very simple:Trade with discipline and you will succeed; trade without discipline and youwill fail.
Review the following 12 Rules of Trading Discipline. You must condition yourself to behave with discipline over and over again.

1. THE MARKET PAYS YOU TO BE DISCIPLINED.

Trading with discipline will put more money in your pocket and take less money out. The one constant truth concerning the markets is that discipline = increased profits.

2. BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU. BUT DON’T CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME.

Being disciplined is of the utmost importance, but it’s not a sometimes thing, like claiming you quit a bad habit, such as smoking. If you claim to quit smoking but you sneak a cigarette every once in a while, then you clearly have not quit smoking. If you trade with discipline nine out of ten trades, then you can’t claim to be a disciplined trader. It is the one undisciplined trade that will really hurt your overall performance for the day. Discipline must be practiced on every trade. When I state that “the market will reward you,” typically it is in recognizing less of a loss on a losing trade than if you were stubborn and held on too long to a bad trade. Thus, if I lose $200 on a trade, but I would have lost $1,000 if I had remained in that losing trade, I can claim that I “saved” myself $800 in additional losses by exiting the bad trade with haste.

3. ALWAYS LOWER YOUR TRADE SIZE WHEN YOU’RE TRADING POORLY.

All good traders follow this rule. Why continue to lose on five lots (contracts) per trade when you could save yourself a lot of money by lowering your trade size down to a one lot on your next trade? If I have two losing trades in a row, I always lower my trade size down to a one lot. If my next two trades are profitable, then I move my trade size back up to my original lot size. It’s like a batter in baseball who has struck out his last two times at bat. The next time up he will choke up on the bat, shorten his swing and try to make contact. Trading is the same: lower your trade size, try to make a tick or two — or even scratch the trade — and then raise your trade size after two consecutive winning trades.

4. NEVER TURN A WINNER INTO A LOSER.

We have all violated this rule. However, it should be our goal to try harder not to violate it in the future. What we are really talking about here is the greed factor. The market has rewarded you by moving in the direction of your position, however, you are not satisfied with a small winner. Thus you hold onto the trade in the hopes of a larger gain, only to watch the market turn and move against you. Of course, inevitably you now hesitate and the trade further deteriorates into a substantial loss. There’s no need to be greedy. It’s only one trade. You’ll make many more trades throughout the session and many more throughout the next trading sessions. Opportunity exists in the marketplace all of the time. Remember: No one trade should make or break your performance for the day. Don’t be greedy

5. YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER.

Keep a trade log of all your trades throughout the session. If, for example, you know that, so far, your biggest winner on the day is five e-Mini S&P points, then do not allow a losing trade to exceed those five points. If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good.

6.  DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY.

You must have a game plan. If you have a proven methodology but it doesn’t seem to be working in a given trading session, don’t go home that night and try to devise another one. If your methodology works more than one-half of the trading sessions, then stick with it.

7. BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.

In all of my years as a trader I never traded more than a 50 lot on any individual trade. Sure, I would have liked to be able to trade like colleagues in the pit who were regularly trading 100 or 200 lots per trade. However, I didn’t possess the emotional or psychological skill set necessary to trade such big size. That’s OK. I knew that my comfort zone was somewhere between 10 and 20 lots per trade. Typically, if I traded more than 20 lots, I would “butcher” the trade. Emotionally I could not handle that size. The trade would inevitably turn into a loser because I could not trade with the same talent level that I possessed with a 10 lot. Learn to accept your comfort zone as it relates to trade size. You are who you are.

8. YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY.

Never put yourself in the precarious position of losing more money than you can afford. The worst feeling in the world is wanting to trade and not being able to do so because the equity in your account is too low and your brokerage firm will not allow you to continue unless you submit more funds. I require my students to place daily downside limits on their performance. For example, your daily loss limit can never exceed $500. Once you reach the $500 loss limit, you must turn your PC off and call it a day. You can always come back tomorrow.

9.  EARN THE RIGHT TO TRADE BIGGER.

Too many new traders think that because they have $25,000 equity in their trading account that they somehow have the right to trade five or ten e-Mini S&P contracts. This cannot be further from the truth. If you can.t trade a one lot successfully, what makes you think that you have the right to trade a 10 lot?

10. GET OUT OF YOUR LOSERS.

You are not a “loser” because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is no good. It’s amazing to me how accurate your gut is as a market indicator. If, in your gut, you have the idea that the trade is no good then it’s probably no good. Time to exit. Every trader has losing trades throughout the session. A typical trade day for me consists of 33 percent losing trades, 33 percent scratches and 33 percent winners. I exit my losers very quickly. They don’t cost me much. So, although I have either lost or scratched over two-thirds of my trades for the day, I still go home a winner.

11. THE FIRST LOSS IS THE BEST LOSS.

Once you come to the realization that your trade is no good it’s best to exit immediately. “It’s never a loser until you get out” and “Not to worry, it’ll come back” are often said tongue in cheek, by traders in the pit. Once the phrase is stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.

12. DON’T OVER-ANALYZE. DON’T PROCRASTINATE. DON’T HESITATE. IF YOU DO,YOU WILL LOSE.

The net result of all this procrastination and hesitation is the trader was correct in deducing market direction but his profit on the trade was zero. We don’t get paid in this business unless we put the trade on. Don’t overanalyze the trade. Place the trade and then manage it. If you’re wrong, get out. But you’ll never be right unless you actually make the trade.

0 The Collection of ZigZag Indicators

These are the Collection of ZigZag Indicators.Look at the image how each indicator will show on the Chart.

1. ZZIq.ex4

2. CZigZag.ex4

3.DT_ZZ_nen.ex4

4. Swing_ZZ_1.ex4

5. ZigZag_new_nen4.ex4

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0 Most Accurate Indicators

Here's the Most Accurate Indicators. You can download to collect All of them in a Package.

1.BH_DoubleStoch_v2.ex4

2. DM_Continuation.ex4

3. Ehlers fisher transform- accurate

4. Fisher_m11

5. Fisher_Yur4ik_Correct- accurate

6. FN Signal

7. FX_FISH-mod- accurate

8. JB Center of Gravity

9.  Solar_Wind_clean_X

10. T.S.V._Bullish & Bearish

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0 BrainTrend Trading Indicator by Karl Dittmann

The indicator will show you :  UP trend (blue), DOWN (red), SIDEWAY (green)

To download BrainTrend Trading Indicator by Karl Dittmann

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0 Breakout Indicator by Karl Dittmann

This Indicator shows us the breakout session at current trade.





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0 Free Scalping Indicator by Karl Dittmann

The “Free Scalping Indicator” is a complete SCALPING tool designed primarily to trade the FOREX markets successfully and consistently. The main principle of the indicator is price action. The hit rate of the indicator is about 75% in most currencies.

How to use the signals

- Identify a current trend. (Remember? Trend is your
friend?)
- Ignore all signals against a current trend!
Example:
Trend is up – but you get a “sell” signal ( ignore it!)
Wait for a “buy” signal to enter. This is the most important
rule #1, if you follow it – you will have no losing trades at all.
- The most important rule #2: do not trade and do not use the indicator on a side trend. This is “MUST follow” rule#2.
If you DON’T follow or ignore the rules above – good results are not guaranteed!

Entering Trades:

The Free Scalping Indicator generates trades it changes colors.

To use the Free Scalping Indicator © to generate signals:

Long trades occur when the Free Scalping Indicator © changes color from Red to Yellow. (ZERO line crosses)

Short trades occur when the Free Scalping Indicator © changes color from Yellow to Red. (ZERO line crosses)

Download include:

• Manual user PDF File

• freescalpingindicator.ex4

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0 No Repaint Indicators

This is Collection of  No Repaint Indicators.All of them are zipped up for you to use as needed.
Download and try them to chart,perhaps you need one or more of them to complete your Trading System.

But you have to learn by  yourself how it works because there is no User Guide inside

If you interested to use Our No repaint Indicators ,just click the following Link to download:


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0 Keltner Scalping Trading System

Time Frame 1 min.
Pair: EUR/USD.
Spread Max 0.0015

Indicators:
OHLC Bar Chart or Candlestick Chart
89 Period Simple Moving Average
Keltner Channels with a 22 period moving average
MACD Histogram with 2 settings (5/34/5 & 25/170/25)
445 Period Exponential Moving Average
Stochastic Momentum (5,3) or Full Stochastics (5,3,3)

Trading Rules
By design this system is a scalping system but I also use it to capture much larger profits. The entry rules for both methods are identical. The difference lies in the exit method. For the scalping method I enter my target exit order immediately after I enter my protective stop. For the larger trend trades I use a combination of the Keltner Channel and the 89 period moving average to help stay in the trades for longer periods. That being said lets go over the entry and exit rules for the scalping system first.

Long Trades
Conditions required for trade entry - in sequence:

1. Price is above or testing the 89 period moving average on the one minute chart.

2. Price is within the Keltner Channel or closely above or below it. * Important - If price is below the Keltner Channel wait for the next trade unless there is a very clear positive divergence between price and the MACD (5/34/5) or it is testing either one of the 89 or 445 period moving averages. If price bar body is overlapping the upper Keltner Channel it is probably still a safe play but stick to your stop rules. It is always best to wait for it to come back and test inside the Keltner Channel.

3. The MACD (5/34/5) Histogram is below zero

4. The Stochastic Momentum is approaching or below –40. For the highest probability trades wait for it to go below –40, however it will not always make it that far especially in strong trends.

5. The 1-period moving average of the MACD turns back up in the direction of the trend and crosses the 5-period moving average of MACD.

At this point you would go Long on the open of the next bar provided price is still within or very closely above or below the Keltner Channel and enter a maximum stop in one of 3 places.

1. One pip outside the lower Keltner Channel

2. 1 pip below the 89 or 445 period moving average if they are directly below the Keltner Channel

1.    12-pips below the trade entry point. Never set your stop further than 12 pips away using this system and try to keep it tighter using the first two choices when possible. This will help you cut your losses short and stay in the game for a long time to come.
2.   
For this scalping system your profit goals should be modest with and emphasis on making several quick and small trades. I usually set my scalp trade exit orders immediately after I enter my protective stop in order to eliminate most of the emotional tendencies that naturally occur when trading. I set my exit price between 6 and 12-pips above my entry price.


Short Trades
Conditions required for trade entry - in sequence:

1. Price is below or testing the 89 period moving average on the one minute chart.

2. Price is within the Keltner Channel or closely above or below it. * Important - If price is above the Keltner Channel wait for the next trade unless there is a very clear negative divergence between price and the MACD (5/34/5) or it is testing either one of the 89 or 445 period moving averages. If price bar body is overlapping the lower Keltner Channel it is probably still a safe play but stick to your stop rules. It is always best to wait for it to come back and test inside the Keltner Channel.

3. The MACD (5/34/5) Histogram is above zero.

4. The Stochastic Momentum is approaching or above +40. For the highest probability trades wait for it to go above +40, however it will not always make it that far especially in strong trends.

5. The 1-period moving average of the MACD turns back down in the direction of the trend and crosses the 5 period moving average of MACD.

At this point you would sell-short on the open of the next bar provided price is still within or very closely above or below the Keltner Channel and enter a maximum stop in one of 3 places.

1. One pips outside the upper Keltner Channel

2. 1 pips above the 89 or 445 period moving average if they are directly above the Keltner Channel

3. 12-pips above the trade entry point. Never set your stop further than 12 pips away using this system and try to keep it tighter using the first two choices when possible. This will help you cut your losses short and stay in the game for a long time to come.

6. For this scalping system your profit goals should be modest with and emphasis on making several quick and small trades. I usually set my scalp trade exit orders immediately after I enter my protective stop in order to eliminate most of the emotional tendencies that naturally occur when trading. I set my exit price between 6 and 12-pips below my entry price.



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0 Yin Yang Scalping Warrior Trading System

Recommended Time Frame M1

Rule:

BUY ONLY:

1. Warrior (Green Bars) above AO level
2. SAR dot has been formed at the bottom
3. SAR and Lower Envelope (brown) is very close or touched

SELL ONLY:

1. Warrior (Red Bars )  under AO level
2. SAR dot has been formed at the Top
3. SAR and Upper Envelope ( lime) is very close or touched

TP: 3-5 pips


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0 MACD_SMA_alerts_v4 Indicator

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MACD_SMA_alerts_v4 Indicator

Click to download:

Image

Indicator



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0 Kase Permission Stochastic Oma Smoothed + Alerts Indicator

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Kase Permission Stochastic Oma Smoothed + Alerts Indicator


Click to download:

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Indicator



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0 Kase CD + divergences Indicator

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Kase CD + divergences Indicator

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Indicator



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0 The Amazing News Expert Advisor / EA

Now, lets look at specifically how to apply this strategy. We will use chart 1 for illustration purposes, and all times will be discussed as EST. You go to view the Fundamental Announcement calendars and see that the US will be making some announcements (one announcement is ok, but more is better) for 8:30am tomorrow. Very well then, you go to bed and make sure to have the alarm set for 8:15am to be awake for the trading opportunity. It’s a good idea to set an alarm clock 15 minutes before the trading opportunity to make sure you remember it.

At 8:25 you should have your charts open to the one-minute candlesticks for EUR/USD (and/or GBP/USD, CHF/USD) and your Forex broker account opened up and ready to place an order.

You should notice that prices are gently moving around in a consolidation pattern waiting for the Fundamental Announcement. Now here is where you have to act quickly. At EXACTLY 8:29am you need to look at the candle and see what the high and low prices are (not open and close). Add 10 pips to the high price and minus 10 pips from the low price. If the 8:28am candle has higher highs or lower lows then you may want to use those extreme numbers instead of the 8:29am candle’s prices (adding/subtracting 10 pips). Now you create two “entry orders”.
An entry order, unlike a market order to buy/sell right now at the current price, is an order that only kicks in when your entry price is touched. For the first entry order you set it to “BUY” when it reaches the high+10pips price, set your Stop loss for 10 pips (VERY IMPORTANT) which is basically the same as the high without the extra 10 pips, and then activate your trade.For the second entry order you set it to “SELL” when it reaches the low-10pips price, set your Stop loss for 10 pips (VERY IMPORTANT) which is basically the same as the low without the extra 10 pips, and then activate your trade.
This should all have happened by 8:30am sharp. OPTIONAL – you could set a profit limit of 20 pips on both orders.

What did you just do? You took the price range of the currency pair and stretched it 10 pips up and down to add a little bit of a safety net. You told the broker that if the price of the currency pair goes up to that high point then you will “BUY”, and if it goes down to the low point then you will “SELL”. You also told the broker to stop you out after losing ten pips incase that should happen. If you set the optional profit limit to 20 pips then you told the broker that once the price moves in your favor 20 pips to exit the trade.

In chart 1 it happened to go “UP”, and you would have ended up “BUYING” the currency pair. It could have just as well gone “DOWN”, and you would have ended up “SELLING” the currency pair. It doesn’t really matter with this strategy which way it goes, just that it moves a lot of pips.
IMPORTANT – Within 5 minutes one of your two trades should be off and running. At this point you should cancel the other trade. Sometimes the market responds with a momentary whiplash which means both orders could have been triggered, one resulting in a loss while the other usually goes on for a profit. Read more about this later in this document.
Let’s review the above chart 1 example. At 8:29am the high was 1.2002 and the low was 1.1999. At 8:28am the high was 1.2000 and the low 1.1998. Since the low of the 8:28am candle was lower than the 8:29am candle’s low we will use that one.
So now...
you add 10 pips to the high (1.2002 + 10pips = 1.2012) and you subtract 10 pips from the low (1.1998 –10pips = 1.1988). So you place two entry orders, one that if the price goes to 1.2012 you buy a lot (or multiple lots, or mini lots), but if the price drops to 1.1988 you sell a lot. Then you enter your stop losses (VERY IMPORTANT – NEVER trade without stops!!!) of 10 pips, so for your buy position your stop loss would be 1.2002 and your stop for the sell position would be 1.1998. Let’s say you decided to put a profit limit of 20 pips then for your buy position it would be 1.2032, and for your sell position it would be 1.1968.
To make calculations simpler for you I have included an MS Excel spreadsheet that does all the math for you that you can download from the resource section of my website (see Appendix A). Just enter in your high and low numbers and it will give you all the numbers needed.

Back to the example. In this case your “BUY” entry order would have kicked you in for a buy position at 1.2012. If you used a 20 pip limit then you would have exited at 1.2032 for a nice $200 profit (trading only one regular lot). Not bad for about five minutes worth of work.
If you are a beginning trader it is highly recommended that you stick with a 20 pip limit on your trades. Later you can do some of the more advanced suggestions .......

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0 Free Download EA USD.x

"Advisor, you can only install on one computer. License individual. So choose the right one computer, with which you work. If the terminal is open, then close the terminal Meta Trader fourth Before installation you need to activate the program for the license. The archive is a folder with the advisor to the "License" Open it and install the file license. Just go all the way and activate the program. (If you have previously installed a similar license, then this program is not necessary to install, and advisor to the code will not be asked - is considered the license is automatically)."

The paragraph is from the Manual Guide.
Used for PAIR EUR/USD
Time Frame M15

Download included:

• Strategy Tester Report
• EA USD.x.ex4
• License_Installer
• Installation_User Manual

Free Download EA USD.x:

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0 The Pin Bar : Some Final Thoughts

Remember that it is fine to trade less frequently than everyone else. If 90% of forex traders will fail it is because many of these traders have ‘an itch’ to trade and feel that they need to be making many trades to make good money. Do not be like them. Select the best pins and aim for longer time frames if you want to gain money. When Jim is providing trading examples he explains that good traders should be hunting with a rifle from the bushes – they wait for the best setup (using pin bars in this case) then nail the trade. Over a one month period you may only find one good pin bar setup for each currency pair.
 If you look at six currency pairs this would be six good pin bars in a month. This might be all you trade for the month but traders can still make good money by exercising patience this way. Jim recommends that traders who are new to using pin bars use the 4-hour time period as the minimum time period and only try trading on time frames smaller than this when more experienced. Daily and weekly pins are better and are more reliable.
Also note that if you trade with longer time periods you will have much larger stops; the range of price movement in a 1 week period is considerably greater than the range of price movement in a 4 hour period. It may be necessary to carefully select a broker that allows you to have micro-lots ($1000 lots) so you can put on a position size that suits your risk. (Some brokers such as roboforex.com which allows you to take a position of any dollar size! This is not a recommendation as to which broker you use but to point out that a trader with a small account size can efficiently manage risk even with large stop losses.)

Playing daily or weekly pins also means that you are not glued to your computer. You can check in a couple of times a day to monitor your trades and shift your stop losses as appropriate. Demo trade pin bars first. When you can trade them profitably for 3 months then open a small account (with a broker like Oanda.com that provides a lot of flexibility in position sizes, or another broker that allows micro-lots to be traded). Trade with the money in this account until you can trade profitably for three months. Make sure you are using small position sizes when you start to trade using real money. Then begin to trade with your full size account or with larger position sizes.

FijiTrader has recommended to some new traders that they start trading risking a small amount of their trading capital with every trade. An appropriate level to start at may be 0.5% (yes, half a percent) of the trading capital. This allows new traders to become used to the emotional and psychological aspects of trading real money. Each week the amount risked may be increase by 0.1% until the trader reaches a position size that they are finally comfortable risking on each trade (probably 2-3%).


Hope be usefull..

0 Finding the Pin Bars

The purpose of this section is to give several examples of what a pin bar looks like. Take a look at Figure 5 and the bars that have been numbered (either below or above the bar in question). The chart shows the daily charts for the GBPUSD pair for a period from the 20th January 2006 to the 23rd February 2006. Look at the image and decide whether the numbered bars are good pin bars to trade, based on how they look and where they are. Decide which of these bars, if any, you would trade. See if your comments match those made below.

1. This bar has good form. The open and close are nearly equal and they are very close to one side of the bar (in this case, the bottom) and are lower than the previous eye. But the nose is not very long and it doesn’t protrude much from the prices of the previous eye and the bar before it. 
2.  The open and close are nearly equal and are quite close to one side of the bar (in this case, the high) and are also higher than the previous eye. The nose is not very long and it does not protrude much from the previous eye.
3. The open and close for this bar are nearly the same but they are getting quite close to the middle of the bar – it is almost a neutral bar. It is good that the open and close are above the previous eye. The nose is not very long because of this. (Note that if you played this pin on a break of the pin bar (taking a long position) there would have been no trade as prices went down on the next bar.) 
4. The open and close are nearly the same but they are also right in the middle of the bar. It is also an inside bar (or very close to it) where the bar makes a lower high and a higher low than the previous bar – so prices are not protruding.
5.  The open and close are near the same price and are right near one end of the bar and are lower than the previous eye. The nose is nice and long, which is good, and protrudes nicely from previous prices. This would have been a good pin to play on the break and we can see that for the next two bars if we had taken a short position there would have been good opportunity to profit from the setup.
6. For this bar the open and close are near one end of the bar and are higher than the eye. Note that the nose doesn’t stick out much beyond the low of the bar that has been numbered 4, so prices have not protruded much. If we look at the next bar we see that prices only go 5 pips above the high of bar number 6, so we would have not entered a long trade anyway. 
7. The open and close are not at nearly the same level and the close is nearly half way down the bar and is not higher than the low of the previous eye! The nose does protrude from the prices, but because of the position of the close this is not a pin bar! 
8.  In contrast, the close of this bar IS within the previous eye, but it is still half way up the bar! The nose also doesn’t protrude much beyond the previous prices. Overall, this would not be a good pin bar to play. 
9. Open and close are near one end and are enclosed by the previous eye. The nose is nice and long but fails to protrude from the surrounding prices much, so it would not be a good pin bar. 
10. The open and close are near one end of the bar. However, the nose does not stick out. Not a pin bar. 
11. This looks promising with open and close near one end of the bar. They are well placed compared to the first eye on the left. The nose sticks out a bit. This bar isn’t at a swing high or swing low or at confluence, though. 

Which of these pin bars should a beginner play? The bars numbered 1 and 5 seem to have the best form and have the best long noses that stick out from the surrounding prices. If you are patient over this one month period two pin bars would have been played. They both would have worked well with lots of potential for profit. YES it is easy to say this in hindsight but LOOK for the good pin bar formations while you are trading and try it out. (While trading GBPUSD over this period I personally only took the pin bar labelled 5 and this was the only daily pin bar I traded on the GBPUSD for that period.)

 By : Lincoln (a.k.a. lwoo034 at Forexfactory.com forums)  





Next....Some final thoughts

0 Trading the Pin and Managing Risk

This section discusses what to do once the trade has been entered and how to manage the risk during the trade.

 So, you’re in the trade - congratulations! Unfortunately entering the trade is simpler than exiting it correctly. Very often several traders in a forum will enter a trade based on pin bars yet one trader will make twice as much profit as another trader because of the differences in the way they exited the trade. The recommendations in this section are based on the following four premises:

1. Very few good pin bars (swing high/low or bouncing off confluence) will move directly to hit the initial conservative stops that trader has placed, without first giving the trader the chance to take some profits (this may happen roughly 10% of the time or less), 
2. Traders should take the profits as they are offered by the market,
3. Traders should NOT let a winner turn into a looser (this point has been reiterated by several experienced traders at the forexfactory.com forums). Hell, you’ve earned this profit; do not let the market take it back, and, 
4. There are PLENTY of opportunities to trade pin bars, be patient and take only the best pin bar setups! 

In essence is it important to close out part of the position early and learn to shift the stop loss to the break even point quite quickly. The first thing that a trader should try to do when playing a pin bar is close out the trade incrementally. This means that the trader closes part of their position early, at small profit. The benefits of doing this stem from the fact that it banks some profit (consistent winners are those that bank profit); the corollary of this is it reduces the number of lots that can then hit the stop loss (so it has reduced the remaining risk for the trade).

The trader can achieve this objective by splitting the total position into several distinct trades or lots. (Remember that no matter how it is split the total value at risk should not exceed your threshold.) The preferences of how the trade is split up and where the targeted profits are depend on the individual trader. It is best to take some profit initially at 20-30 pips profit (depending on the expected range of prices on the currency pair you’re trading and the time-frame you’re trading), then take more profit a little further on.

It is always uncertain how far a trade will run. Trades resulting from pin bars might run from one bar before the prices turns back, or they may run for many bars. Lock some profit in and leave a portion (1/2, 1/3 or 1/4) of your trade to run until completion. When you lock in your profit by closing out a portion of your trade early you have banked profit (realised profit as opposed to unrealised profit through having the position un-closed) and your total open position size has decreased, meaning that if there is a sharp reversal to your initial stops then the loss has been reduced by a reduced position size and already having banked some profit.
(If you do not understand this concept then please take a pen and paper and fiddle with some numbers and prove it to yourself.) After a trader has initially banked some of their profit they will want to consider shifting the position of the stop loss. Exactly how this is performed is up to the trader and will depend upon their own trading style. It is an important part of playing the pins, however, as successful traders do not want their winning trades to turn into losers!

“So when I get up [into a reasonably profitable position] on a trade the "golden rule" comes into play: never ever let a winner become a loser, for any reason, no matter the scenario …” -Vegas.

Once a trader has taken some profit and shifted the stop loss to the break even point they are in a “free trade”. All pressure is now off the trader, no matter what happens they have banked some profit on this trade and made some money. The trade can now run for large profits without the trader worrying about making a loss on the trade.

“Trading is about "free trades". Those of you who don't understand this concept need to stop trading until you do. It doesn't matter what method you use.” -Vegas.

Because we cannot know what will happen to the price in the future it is necessary that some profit be taken early. Selecting the BEST pin bars and exercising patience will mean that a trader can cherry-pick the pin bars with the highest chance of success. Around 70% of these will be quite profitable. If 10% just reverse to hit the initial stops, then these losses are more than made up for by the profits taken early on many other trades. Around 20% of good pin bar trades will good winners where the price runs and the final portion of the trade will be chasing big pips and bigger profits.

Can a trader prevent losses that may occur while you trade the pins? No. This is why it is wise to use the initial stops at the start of the trade. This means that the trader has defined the circumstances under which they know their trade setup has failed and they do not want to lose more money. Doing this indicates that the trader has accepted that there is some risk of the trade failing. These losses are the cost of doing business in the forex market – traders need to accept them.

By : Lincoln (a.k.a. lwoo034 at Forexfactory.com forums)  


Next....Finding the pin bars

0 Playing the Pin Bar

 This section details how the pin bar can be played. The advanced tutorial provides more details of how a more experienced trader might approach the pin bar. Traders that are new to pin bars may put a limit/stop order under the bottom of the pin bar. It is placed 10 pips under to account for a false break-out (unlikely to be 10 pips). When this order has been triggered then the trend will probably be heading in the opposite direction of the nose. This approach also means that the trade does not need to be monitored so closely.

One question that traders may want to ask themselves as they contemplate entering a trade is this: “When will I know if the trade has gone against me and this setup is not working?”
When you know how to tell whether or not your trade setup has failed and is not going to work you can begin to calculate how much risk you can take. These calculations are performed before placing orders so that the appropriate level of risk (on the basis of account size) may be determined so that an appropriate position size may be taken.

The conservative approach to placing stops is to place stops 10 pips from the end of the pin-bar/nose (the point where the prices are not going, far from the eyes). This level is acting as resistance now. The stop loss and entry orders are placed 10 pips away from highs and lows because sometimes prices will creep a little big past these highs or lows which can have a negative impact on the trade setup.
Traders need to discover their own preference for stops and risks based on the pin bar. The Advanced Tutorial gives some more ideas of how to enter and set the stop losses.


By : Lincoln (a.k.a. lwoo034 at Forexfactory.com forums)



Next .... Trading the Pin and Managing Risk

0 Introduction to Pin Bars

This section explains what the pin bar is. Following sections explain how it may be traded. Generally examples are only given for pin bars pointing one way. The same concepts can be applied to pin bars pointing the other way (just reverse the concepts!).

Trading is a probabilities game. There is always risk of loss and the trade going ‘the wrong way’ after the pin bar has formed. All we can expect to do is to tip the odds in our favour. When good pin bars are traded then a trader can tip the odds in their favour. Some trades will result in losses; such losses will occur with any trader from time to time. (Even a good pin bar setup may result in a loss!)

Looking at Figure 1 we can see what a completed pin bar looks like. See that this Pinocchio bar (which is abbreviated to ‘pin bar’) is poking his long nose outwards and is telling you a lie (an untruth) about where the price is going. The name is based on the old European story about the wooden boy, Pinocchio, whose nose grew longer every time he told a lie.
The bigger the lie the bigger the nose! For us this means that we want a nice long nose when we see a pin bar. We trade in the opposite direction to where the nose is pointing (so the pin bar in Figure 1 indicates that traders should be taking short positions while trading EURUSD). The high of the bars on either side of the pin are the ‘eyes’ for the pin bar. Note that the open and close of the pin must be within the left eye. For a nose pointing up, this means that if the high of the eye is roughly at the 1.2175 level (as shown in Figure 1), then the open and close of the pin bar must be below this level of 1.2175 (as is the case here). If the open/close is outside of this level then it is not a real pin bar (see the Advanced Tutorial for some ideas on how a trader might deal with a bar that looks like a pin bar but fails to meet this requirement).

The pin bar means that the price is going to move in the opposite direction to where the nose is pointing. In Figure 1 the nose is pointing up so the trader should expect prices to move down.
A pin bar must:
• have open/close within the first eye,
• protrude from surrounding prices (‘stick out’ from surrounding prices); it cannot be an inside bar.
A good pin bar has:
• a long nose (and a long nose relative to the open/close/low),
• a nose protruding a long way from the prices around it (it ‘sticks out’),
• the open / close both near one end of the bar.

The pin-bars can be played by themselves as they occur on the charts. One forexfactory.com member did some automated back testing and found that merely playing a pin bar does not provide spectacular results. You need to carefully select the pin bars you want to play. The best pin bars are played as they bounce off either:
1) Fibonacci levels (retracements of the previous move)
2) Important pivot levels
3) Moving averages
4) Confluence (several MA or Fib levels in the same general region)
5) Swing high / swing low
6) Retracement of the current move (must retrace a minimum of 23% fib retracement of the current move), which is a lower probability play.

For the BEST results a trader may play a pin-bar on the swing high (or swing low) or a pin-bar that is bouncing off confluence (of MA and Fib levels). The pin bar is a very reliable setup under these circumstances, indicating that there is a high probability that prices will change direction – which is very tradeable setup!
Shown is a cluster of Fibonacci retracement levels from the big moves down during 2005. Note that the pin bar is bouncing right off these. This means that the pin bar has bounced off an area of confluence!

Shown in Figure 2 is a close-up of the pin bar that formed on the EURUSD pair weekly chart. Notice that there is confluence of fib retracement levels from the more recent previous movements down. This pin bar has punched through these, after three previous bars were bouncing off this area. This would have been a good pin bar to catch. The three previous bars failed to move through this area, showing it has significant resistance. The pin bar has moved a long way through it before moving right back down again. The high made by the pin bar is probably the highest price that will reached for weeks (or months).

Is this a good pin bar formation? The nose of the pin bar pokes out a long way above previous prices. It has made it through some resistance at the confluence of fib levels and bounced off the longer-term fib levels (in Figure 2). The open and close are below the high of the previous bar (the eye). Yes – this is a good pin bar.



By : Lincoln (a.k.a. lwoo034 at Forexfactory.com forums)


Next.....Playing the pin bar