Base candle entry system
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Thread: Base candle entry system

  1. #1
    Base candle Entrance

    Thanks to forum. I've learnt lot from this forum. I wish to say thanks and provide their support to new comers. Specially thanks to forum admin and their coworkers. This can be forum for me personally.

    The idea I am going to explore its very simple and possibly many of seniors won't impress because in my system I do not use to a lot of technical indiors and other tools, however I will appreciate if you guys could add and enhance this system.
    Practice will make perfect.

    This program is 30minute-trading system. Ideally we only trade one 30m(one candle) after entry either way.
    Here we will call a foundation candle and an entry candle.
    When xpma trends upward (changes its color to bullish), 8ema crosses up to xmpa.
    First (base candle) candle near bullish we proceed in the opening of next candle.
    We close standing at the end of our entry candle or our profit limit will be struck.

    For short everything will be opposite to over. .

    Rules.

    EUR USD
    30M

    Indior
    XPMA
    8EMA
    Trading Hours 7.30 into 15.30 ODL MT time

    Extended


    XPMA trends up
    8 EMA has crossed XPMA up

    When initial candle turns bullish, in the opening of second candle. We go and in the end of this candle position is closed by us or we will reach our profit limit.

    Short


    XPMA trends down
    8EMA has crossed XPMA downwards

    If initial candle turns bearish in the opening of next candle we start short position and near in the end of this candle or our profit limit will be struck.





    STOP LOSS

    We can place cease at Low of long foundation candle or high of the short foundation candle

    Profit limit
    20pips

    I normally close half position if 15pips
    Money management can substantially improve success rate.

    Few vital points the can enhance positive effect chances.

    In the event the foundation candle is close to 8ema or even xpma the better transaction.
    The smaller foundation candle best trade potential.
    Because I am using this system out of few months today so after entry I go more then one candle some time it's predied on higher time frame affirmation and support and resistance levels.
    Its better to seem 1hour timeframe if higher time frame has additionally on foundation candle or entry candle then you will defiantly make it.
    Be patient for trading don't take any transaction if you don't feel confident.
    More trendy market more favorable outcomes.
    Whenever there are few news coming could be best day to trade.
    2 to 4 trade could be potential a day.
    Do not trade on the first Friday of each month.
    Trade one month daily and you will be needing at least 800 to 1000pips in you pocket.
    If you are senior trader then I feel no problem making more than that.
    I have not back tested too long this moment market is so volatile so it's working very nicely this time.

    System will work 4h but because case foundation candle should be quite small to get good outcome.

    I am not always available so I won't be able to answer all questions straightway however when possible I'll be giving explanations.

    Please try only on demo account untill you are feeling confident.

    https://www.forexsoutheast.asia/atta...2576965793.ex4
    https://www.forexsoutheast.asia/atta...2067856204.tpl
    https://www.forexsoutheast.asia/atta...6318377839.mq4

  2. #2
    I eventually managed to do a bit backtesting using the system (got huge problems with finding any spare time lately) and now I'm starting to test it in my micro account.
    We will see - but so far it's all very encouraging.
    Rules are clean and straightforward, excellent setups are easy to identify. All things to a strong system.
    I wonder why the thread died out two decades back and if the author is still around.
    On the other hand perhaps its best to get a short clean thread rather than several hundreds pages of new better indiors and magical EAs

    Day edit:
    I enjoy this method more and more.
    I did a bunch of transactions today on several distinct pairs.
    Make a lot of gain. Lost a lot as a result of stupid mistakes. Still managed to make a marginal profit for your day.

  3. #3
    Caught that SNB driven movement USDCHF

  4. #4

  5. #5

  6. #6
    Quote Originally Posted by ;
    Point in responding to a place on its next anniversary may be arguable but it seems you dug out a very interesting method.
    I wonder whether anybody is still trading using it and the thread died so quickly.
    I'm leaving to get a vaion now and leaving my hardware at home but I will certainly give it a try when I'm back.
    I'm back.
    Giving it a whirl again.

    Thanks to this candletimer indi. .

  7. #7
    In replying to a post on its second anniversary, point may be arguable but it appears you dug out a method.
    I wonder whether anyone is still trading utilizing it and the thread died so fast.
    I'm leaving to get a vaion today and leaving my hardware in your home but I can give it a try when I'm back.

  8. #8
    Quote Originally Posted by ;
    Results for 2nd day using base candle system.
    Am using a micro account just like I'd use a presentation.
    I like using the real money even thought it is just pennies. It keeps my focus better.
    Have downloaded a computer alarm clock. Am using 15 min charts so that I put the clock for 1 minutes before the new candle looks.
    10:14, 10:29, etc. so I've got a minute to test whether there is a setup. Am using six pairs to observe. The majors plus EURJPY and AUDUSD.

    34 pips prior to lunch. .
    Click the information to zoom...

    site for free alarm clock http://bluefive.pair.com/alarm.htm...
    Hi

    Here is a candle/bar alert indior attached to you others. You really only need to use it to only 1 chart. (A time frame you trade off of)

    It'll sound an alarm 2 minutes before candle shut.


    https://www.forexsoutheast.asia/atta...1811511307.ex4

  9. #9
    Lol u dont want a pc alarm clock,theres an indi for that,only timer or hunt clock,in ff

  10. #10
    Arrows include,faken bullshit,

    but interesting system,u may wanna try out bill willi

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