Strategies, Systems & Indicators

[Edward]

NO it's not Stop and Reversal.... we wait for a fresh signal go long or short....

Install MT4 and then install the system.... go through the historical data and you will see that the percentage of negative trades is in minority.....

People who are fond of PIVOT points can also use Easy 123 along with pivot....

Just try the 4 hour chart on Easy 123 and be amazed....

Happy trading

Thanks Ed, we just exit the trade when it hits the SL , it not SAR, i.e its not Stop and reverse... we simply exit our position and wait for a fresh signal to either go long or short.

No I have not installed!! Dont have metatrader , downloading the same!!

 

[rkkarnani]

NO it's not Stop and Reversal.... we wait for a fresh signal go long or short....

Install MT4 and then install the system.... go through the historical data and you will see that the percentage of negative trades is in minority.....

People who are fond of PIVOT points can also use Easy 123 along with pivot....

Just try the 4 hour chart on Easy 123 and be amazed....

Happy trading

Thanks Ed for immediate response. Have never used MT. Unable to download now as Broadband down and this dial up connection is very slow and disconnects too often. Shall do it today. Saw MT5 is also there. Which one to downlaod MT4 or MT5? It is mentioned as Free and also at places it shows "Buy MT4"...

A bit confused, rather am ignorant about not only the Software MT but also the data part. Does RT data comes with the Software or we have to subscribe or there is some site like Yahoo finance where we can get Data?

Not sure but there might be many like me here who have the same questions in mind. Please reply per your convenience.

 

[sumitdasjoshi]

can we use it in lower time frame.

 

[Edward]

MT4 - Meta Trader 4 is a third party platform for trading forex.

Majority of the brokers give Meta Trader 4.

1. The signals are free, you need not spend a dime for signals or demo period or anything.... it's absolutely free

2. You can choose the leverage 100-500 in some.... choose 100 for practice.

3. download the Meta Trader setup file from here... it's an exe file.. install it like anyother exe file... fill out the form and start using.... I have uploaded the exe to my server for your ease

4. After the installation... just follow what i wrote in the post where i gave the indis...

Bingo.. you are up and running.. that's all....

Don't download MT5 right now.... it's in the beta state and I heard the indicators that are developed will not work in Mt5....

Thanks Ed for immediate response. Have never used MT. Unable to download now as Broadband down and this dial up connection is very slow and disconnects too often. Shall do it today. Saw MT5 is also there. Which one to downlaod MT4 or MT5? It is mentioned as Free and also at places it shows "Buy MT4"...

A bit confused, rather am ignorant about not only the Software MT but also the data part. Does RT data comes with the Software or we have to subscribe or there is some site like Yahoo finance where we can get Data?

Not sure but there might be many like me here who have the same questions in mind. Please reply per your convenience.

 

[sumitdasjoshi]

edword i think you are scalper you use you levrage and trget 10 to 20 pips as i have seen you mt4 stetment.

 

[Edward]

Made another 75 Dollars 7.5 pips on eurojpy on the 1 hour time frame with this system.. just have a look at the 1 hr time frame..

Can anyone elaborate, where to go long as per the system...?

regards
Edward G

 

[Edward]

Yes... I do scalp... and I also trade the swings.... it depends....

If I am trading the 30 min or 1 hr time frame i scalp.... anything between 5-20 pips is fine for me....

If I trade the 4 hrs time frame that's when I wait for a longer period and for bigger profits...

this system will work for you as well I have written that in the previous posts, where I said people using pivot points too can trade this system... as it will give you the correct entry point...

give it a try... use it in the 4 hrs time frame... along with your pivots or SRs or Trendlines.. you will get the right entry point with Easy 123....

I suggest you try it once... and then you will agree about it's potential...

edword i think you are scalper you use you levrage and trget 10 to 20 pips as i have seen you mt4 stetment.

 

[Edward]

I usually don't go below the 30 min time frame....
Used to trade the lower time frames in the initial stages, but the noise levels are too high to maintain your sanity... finally decided to stick to the longer time frames ..... 30 min falls into the longer time frames for me ... that's the kind of patience levels I have... anyway...

Somehow I have few good systems for scalping as well as for swing trading, on the 30 min time frames...

the problem in the lower time frames is that ... today if the markets are trending you will make exact entries and exits... you will be the wisest guys among all forex traders... but tomorrow when the markets are directionless you will go made and become a fool... so in the long term perspective.... trading the lower time frame is not at all advised...

Regards...

PS.. i did not see this post of your or I would have answered it in the previous post itself...

Happy trading

can we use it in lower time frame.

 

[Sunny1]

Thanks Ed for immediate response. Have never used MT. Unable to download now as Broadband down and this dial up connection is very slow and disconnects too often. Shall do it today. Saw MT5 is also there. Which one to downlaod MT4 or MT5? It is mentioned as Free and also at places it shows "Buy MT4"...

A bit confused, rather am ignorant about not only the Software MT but also the data part. Does RT data comes with the Software or we have to subscribe or there is some site like Yahoo finance where we can get Data?

Not sure but there might be many like me here who have the same questions in mind. Please reply per your convenience.

You have to open demo account with fx broker. data will come from brokers server. try downloading mt4 from alphari and fill demo account form throught mt4 terminal..
I dont think buy option is for client may be its for brokers..

 

[Sunny1]

Do we have to exit on crossover ?? I mean whats are the exit rules