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Alien#8217;s Extraterrestrial Visual Trading System Version 2.
(SORRY! Each of the images are in the PDF in the very first article )
This is a very profitable and beneficial trading system. Proofs of the results of the system can be found by checking out this connection = https://www.forexsoutheast.asia/forex-market-analysis/461-diversified-trend-trading-approach.html (NB simply check to your new system not the old one). All credits to ForexAlien (https://www.forexsoutheast.asia/crypto-trading/527-transforming-accessible-indior-popup-alert-email-help.html)
How this system works is mainly by driving market waves. Whether we're moving up or down that this method helps us ch on to ride these waves the market is making.
The vital indior in my opinion is the Drake#8217;s Delay Stochastic (DDS).
The next online indior is your Obos RSI regression indior. Which will help you know if we're still likely to keep a trend following a return.
I want to add two RSI indiors as the cause to get a signal in confluence with the DDS and Obos RSI regression. (Periods 5 and 14 for your RSI)
Mind you that this system relies on multi timeframe (MTF) analysis. Hence our key indior, the DDS will be used in the MTF format. The RSI will be in the current timeframe only, as the cause RSIs.
To exchange in timeframe #8216;A#8217;, you will need to use the next higher timeframe for your DDS analysis which is very key to this system. Lower time frames are somewhat less accurate as normal but good for greater entries. We may not be going into that.
So I want to attempt to present that visually!!!
So I have attached the zigzag indior to the chart to help see the waves that the MTF DDS indior is showing. The secret to reading it's celebrating closely when it enters the oversold or overbought territory. That mostly depicts the conclusion of a tide. But you should be aware that in a tide, you will find waves. So the main point would be to ride the greater time period waves by penetrating the decrease timeframe waves with the MTF DDS as our wave-reader. Really straightforward.
From the picture above, the MTF DDS is the only which I have made those gloomy rectangular marks, and yellow and green circles. I will explain those circles because they are the indiions of those turning points of the waves. The green circles represent when two timeframes align and move together. Really key. The yellow circles represent whenever there is some difference in the motion of the waves involving the timeframes. Either faster or reverse. Note well that each of the circles are in the overbought and oversold zones (below level 30 and above level 70).
Employing the MTF DDS, there are two fundamental wave prediction techniques:
a. The compression move (C), also
b. The sling-short move (SS)
The compressions (C) are those indied from the green circles. This occurs when the two timeframes DDS compresses at both overbought or the oversold. It isn't 100 percent but I will give it 60% accurate.
The Sling-short (SS) is when the greater interval (TF) is moving in a specific direct (potential above level 50) and also the decrease timeframe DDS had made a wave reverse the greater TF and is now at oversold or overbought and it's currently moving to join or ch with the greater TF. These motions are certain as sunrise. Approximately 85 to 90% accurate. They're the secure transactions. When the waves or tendencies have made the first move and retraced, then you join in on the continuation. Very secure. From the image above, you#8217;ll realize that not all the yellow circles are SS, agreeing.
Ordinarily a Compression will start a change in fashion direction. When that occurs, Obos RSI regression changes from either positive to negative or vice versa. Following that first wave, there'll be a retracement or consolidation which is going to be a counter trend to the very first move. What we expect to see is the Obos RSI regression doesn#8217;t change signal during that retracement and even though it should change signal it shouldn#8217;t retrace too low; relative to the average motions previously. In that case we know that the continuation wave is bound to happen with a SS most likely.
This is a typical Obos RSI regression on show over here. And see how the MTF DDS guides us through the behaviour of waves. In a very simple term, Obos RSI regression serves as a filter for transactions for Sling-Short trades. You are able to use its own divergence to encourage the Compression transactions too. Simple right?
Now let us enter the entries and exchange management as we now know how to get our trade direction.
The 2 RSIs crossing gives us first signal. But the vital entries of the system in the predicted direction is by placing pending orders. Yep! Pending stop orders in the predicted direction of the MTF DDS. These stop orders need to be equally spaced and at least 3 and at least seven. The timeframe we're in will determine the pip gab between each pending stop order.
To close the transaction, our stop loss is going to be the exact same for all the pending orders. That one too will be based on the TF and on occasion the currency pair has been traded. Trades made through the crossing of both RSIs are going to have their stop loss in the previous swing high or low.
Use profit points will be twice the stop loss of the first and closest pending order. But the profits of pending orders have to be trailed once the current DDS enters overbought or oversold zone. This is extremely straightforward and profitable.
This is the way the Pending stop orders should look like, assuming we're predicting a downward move. TP is (SL x 2); nevertheless it has to be trailed once DDS gets to the overbought or oversold. Simple.
Now I need a coder, to code this system into a very profitable EA (I believe).
(SORRY! Each of the images are in the PDF in the very first article )
This is a very profitable and beneficial trading system. Proofs of the results of the system can be found by checking out this connection = https://www.forexsoutheast.asia/forex-market-analysis/461-diversified-trend-trading-approach.html (NB simply check to your new system not the old one). All credits to ForexAlien (https://www.forexsoutheast.asia/crypto-trading/527-transforming-accessible-indior-popup-alert-email-help.html)
How this system works is mainly by driving market waves. Whether we're moving up or down that this method helps us ch on to ride these waves the market is making.
The vital indior in my opinion is the Drake#8217;s Delay Stochastic (DDS).
The next online indior is your Obos RSI regression indior. Which will help you know if we're still likely to keep a trend following a return.
I want to add two RSI indiors as the cause to get a signal in confluence with the DDS and Obos RSI regression. (Periods 5 and 14 for your RSI)
Mind you that this system relies on multi timeframe (MTF) analysis. Hence our key indior, the DDS will be used in the MTF format. The RSI will be in the current timeframe only, as the cause RSIs.
To exchange in timeframe #8216;A#8217;, you will need to use the next higher timeframe for your DDS analysis which is very key to this system. Lower time frames are somewhat less accurate as normal but good for greater entries. We may not be going into that.
So I want to attempt to present that visually!!!
So I have attached the zigzag indior to the chart to help see the waves that the MTF DDS indior is showing. The secret to reading it's celebrating closely when it enters the oversold or overbought territory. That mostly depicts the conclusion of a tide. But you should be aware that in a tide, you will find waves. So the main point would be to ride the greater time period waves by penetrating the decrease timeframe waves with the MTF DDS as our wave-reader. Really straightforward.
From the picture above, the MTF DDS is the only which I have made those gloomy rectangular marks, and yellow and green circles. I will explain those circles because they are the indiions of those turning points of the waves. The green circles represent when two timeframes align and move together. Really key. The yellow circles represent whenever there is some difference in the motion of the waves involving the timeframes. Either faster or reverse. Note well that each of the circles are in the overbought and oversold zones (below level 30 and above level 70).
Employing the MTF DDS, there are two fundamental wave prediction techniques:
a. The compression move (C), also
b. The sling-short move (SS)
The compressions (C) are those indied from the green circles. This occurs when the two timeframes DDS compresses at both overbought or the oversold. It isn't 100 percent but I will give it 60% accurate.
The Sling-short (SS) is when the greater interval (TF) is moving in a specific direct (potential above level 50) and also the decrease timeframe DDS had made a wave reverse the greater TF and is now at oversold or overbought and it's currently moving to join or ch with the greater TF. These motions are certain as sunrise. Approximately 85 to 90% accurate. They're the secure transactions. When the waves or tendencies have made the first move and retraced, then you join in on the continuation. Very secure. From the image above, you#8217;ll realize that not all the yellow circles are SS, agreeing.
Ordinarily a Compression will start a change in fashion direction. When that occurs, Obos RSI regression changes from either positive to negative or vice versa. Following that first wave, there'll be a retracement or consolidation which is going to be a counter trend to the very first move. What we expect to see is the Obos RSI regression doesn#8217;t change signal during that retracement and even though it should change signal it shouldn#8217;t retrace too low; relative to the average motions previously. In that case we know that the continuation wave is bound to happen with a SS most likely.
This is a typical Obos RSI regression on show over here. And see how the MTF DDS guides us through the behaviour of waves. In a very simple term, Obos RSI regression serves as a filter for transactions for Sling-Short trades. You are able to use its own divergence to encourage the Compression transactions too. Simple right?
Now let us enter the entries and exchange management as we now know how to get our trade direction.
The 2 RSIs crossing gives us first signal. But the vital entries of the system in the predicted direction is by placing pending orders. Yep! Pending stop orders in the predicted direction of the MTF DDS. These stop orders need to be equally spaced and at least 3 and at least seven. The timeframe we're in will determine the pip gab between each pending stop order.
To close the transaction, our stop loss is going to be the exact same for all the pending orders. That one too will be based on the TF and on occasion the currency pair has been traded. Trades made through the crossing of both RSIs are going to have their stop loss in the previous swing high or low.
Use profit points will be twice the stop loss of the first and closest pending order. But the profits of pending orders have to be trailed once the current DDS enters overbought or oversold zone. This is extremely straightforward and profitable.
This is the way the Pending stop orders should look like, assuming we're predicting a downward move. TP is (SL x 2); nevertheless it has to be trailed once DDS gets to the overbought or oversold. Simple.
Now I need a coder, to code this system into a very profitable EA (I believe).