MTF Schaff Trend w/ Alerts
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Thread: MTF Schaff Trend w/ Alerts

  1. #1
    1 Attachment(s) To my fellow traders,

    I bid you good day! This system which I'm presenting to you I have used quite a lot, has been analyzed with great results. It actually helps to compliment any system which you might use.

    Quote Originally Posted by ;
    The STC detects up and down tendencies long before the MACD. It does this by using the exact same exponential moving average (EMAs), but adds a cycle element to factor currency cycle tendencies. Since currency cycle tendencies move based on a certain number of times, this can be factored into the equation of the STC Indior to provide more accuracy and reliability compared to the MACD.
    Credit given to investopedia at http://www.investopedia.com/articles...cle-indior.asp

    Here are the rules.

    Timeframe: some

    Pairs: any

    You sell when the Schaff Trend has fallen under the 90/75 degree, and buy when Schaff Trend has gone over the 10/25 degree. Personally, I utilize the 25 and 75 degrees, but I have seen both preferences used by other traders.

    Hint: Do not use the MTF Schaff Trend indior alone. I utilize the indior with a different system while I like life, to provide exit signs. Personally, I use the M5 chart to enter a trade along with the H1 (60) chart to provide exit signs.

    Hint: I use the indior so that I can have my life, rather than sit on my laptop all day, I place the email alert to true, I have a gmx.com email account which utilize only for my mt4 email alerts, since I have an iphone I use an app called PushMail to alert me to those particular emails, I can utilize my iphone to login right for my forex account and depart the trade once the indior has alerted me via my iphone app.

    If you dont have an iphone or ipad, thats nice. You can use another piece of software I personally like called Thunderbird. As soon as you get any email, you are able to configure to play a sound alert. Ensure that your speakers are on!!

    If anybody has any questions, please don't hesitate to ask.

    P.S. I would like to personally thank scalpz!!
    https://www.forexsoutheast.asia/cryp...hi-indior.html

  2. #2
    Here is a couple of pictures of the MTF Schaff Indior in action!! Look to determine the rules of entrance and exit.


  3. #3
    Hi Eurisko, thanks for the indictor, are there any other principles to using this other or indior observations you can talk about it?

  4. #4
    Hey rocwell,

    Well...

    that the indior I uploaded is MTF (multi-timeframe) which means you can use it for Indices, intraday or swing trading. Following is a guide on how you might choose to set this up.

    M1 M5

    M5 M30 or H1

    H1 H4 or D1

    So basically, If You're using the M1 chart, perhaps set the timeframe to 5. If you prefer to exchange on the M5 chart then maybe use 60 or the 30 timeframe and such.

    Like I stated before, the MTF Schaff Indior should be used with almost any other system you prefer, it helps to provide exit signs. Remember an exit signal is when the indior lt; 75/90 (less than) or when the indior gt; 10/25 (greater than)

    The main intent of this indior is to provide traders back their lifes, and that means it is possible to enjoy life longer and continue to have the ability to create as many pips as you can.

  5. #5
    Quote Originally Posted by ;
    hey rocwell,

    Well...

    the indior I uploaded is MTF (multi-timeframe) which means you can utilize it for Indices, intraday or swing trading. Following is a guide regarding how you may choose to set this up.

    M1 M5

    M5 M30 or H1

    H1 H4 or D1

    So basically, If You're utilizing the M1 chart, possibly set the time to 5. If you prefer to trade on the M5 chart perhaps use 60 or even the 30 interval and such.

    Like I said previously, the MTF Schaff Indior should be utilized with almost any other system you prefer, it can help to give exit signs. Remember...
    Thank you for sharing. I need anyone can produce a dashboard for MTF and mutiple pairs. Also explain the exit again? Are you currently utilizing the higher TF Schaff or using TF chart?

  6. #6
    Quote Originally Posted by ;
    To my fellow traders,

    I bid you good day! This system that I am presenting to you I've used quite a lot, Its been tested with great results. It really helps to compliment any system that you may use.

    Charge given to investopedia in http://www.investopedia.com/articles...cle-indior.asp

    Here are the principles.

    Timeframe: some

    Pairs: any

    You market if the Schaff Trend has fallen below the 90/75 level, and buy when Schaff Trend has gone above the 10/25 level. I personally utilize the 25 and...
    I utilized the Schaff and if I recall it repaints. Is this accurate?

  7. #7
    Eurisko Thank you for helping players to relax more off screen but do we stay in trade throughout NEWS or all of the rules for that?

  8. #8
    Quote Originally Posted by ;
    Here is a Couple of pictures of This MTF Schaff Indior in action!! Look to ascertain the rules of entry and exit.
    An additional thing plz....so ur exit could become your entry in the opposite direction. CORRECT ME IF AM WRONG.OR ARE THE RULES?

  9. #9
    Quote Originally Posted by ;
    I used the Schaff and if I recall it repaints. Is this true?
    Eventually, if I recall correctly it does repaint, I believe it repaints about the very last candle? Sometimes you reverse and will see the indior drop somewhat, this is the reason why I use the 25/75 levels to provide an exit signal. It takes a little more for the market to show to me, that a change is possibly and I should exit the trade.

    Quote Originally Posted by ;
    eurisko Thank you for helping players to relax more off display but do we remain in trade during NEWS or all of the rules for that?
    Webglobe, I also trade news, I do not use this indior for trading news. I've two egies for trading news, spike trading and market sentiment trading. I generally will stop trading a specific currency that news is going to be released for 1 hr before the release, or occasionally even much earlier, such as NFP.

    Quote Originally Posted by ;
    one more thing plz....so ur exit would become your entrance in the contrary direction. CORRECT ME IF AM WRONG.OR ARE THE RULES?
    I enter my transactions using a different egy, in my egy I use OSMA, moving averages, volume indior, etc.. . I use schaff trend to confirm the trend direction, and provide exit signals. Like I said previously, I do not like to sit down on my notebook all day, I like to enjoy life to its

    My proposal, would be to use Schaff the way I use it, with another system, do not use it by itself.

    Quote Originally Posted by ;
    Thank you for sharing. I wish a dash can be produced by anybody capable for MTF and mutiple pairs. Also clarify the exit? Are you currently using the TF Schaff or with TF chart?
    Aelimian, I was really searching for this particular indior for the longest period, and I couldn't find it, that's the reason I hired someone to plan it for me. I don't know of any dash around that has any of those MTF indiors. I am using a tf schaff that is greater. So for instance, I use chart, but I set the tf to 60 for timeframe on shaff. I have seen Schaff work on the timeframe.

    Have a look at the picture I uploaded, I hope this hopes to clarify entry rules. I use the 25/75 levels, to help limit the quantity of false positive alarms.

  10. #10
    Eurisko, thanks for uploading!

    From my check, seems like it repaints however on 2 candles only (current and past ). What type of additional indis so that you use to filter a trend out signals?

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