Forex Market, Stocks

Foreign Exchange Market

2011-07-12T17:09:00.003+05:00

The foreign exchange market (forex, FX, or currency market) is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.

The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business' income is in US dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies.

In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market began forming during the 1970s after three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states after World War II), when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system.

The foreign exchange market is unique because of
its huge trading volume representing the largest asset class in the world leading to high liquidity;
its geographical dispersion;
its continuous operation: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday;
the variety of factors that affect exchange rates;
the low margins of relative profit compared with other markets of fixed income; and
the use of leverage to enhance profit and loss margins and with respect to account size.

As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks. According to the Bank for International Settlements, as of April 2010, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume as of April 2007. Some firms specializing on foreign exchange market had put the average daily turnover in excess of US$4 trillion.

The $3.98 trillion break-down is as follows:
$1.490 trillion in spot transactions
$475 billion in outright forwards
$1.765 trillion in foreign exchange swaps
$43 billion Currency swaps
$207 billion in options and other products

M1 Extreme Scalping

2010-02-05T14:31:00.003+04:00

M1 Extreme Scalping

BUY:

PA above Gann, M5 and M1 Carmens Eyes

DSS change its color below 20

SELL:

PA below Gann, M5 and M1 Carmens Eyes

DSS change its color above 80

NO TRADE ZONE:

PA is between M5 and M1 Carmens Eyes

TP / SL

Change of DSS color or Gann Hi-Low

Download Indicators and Templates:
M1 Extreme Scalping

Renko Charting

2009-08-28T11:42:00.005+05:00

How Renko Charts Can Be Helpful In Online Trading

The Renko chart is a trend following technique. It has acquired its name from a Japanese word "renga" meaning bricks. Renko charts is different from Three Line Break charts as here a line brick is drawn in the direction of the prior move only if prices move by a minimum amount which is equivalent to the box size that are always equal in size.

Interpretation Of A Renko Chart

The trend reversals are indicated by the appearance of a white or black brick. A Red brick indicates a new downward trend and Green brick indicates a new upward trend. There are situations where Renko charts produce whipsaws, giving indications of short-lived trends near the end. The expectation with a trend following technique is that it allows to ride the major portion of significant trends. RenkoChart is very helpful when determining support and resistance levels and it isolates the underlying price trend by filtering out the minor price changes.

Calculation

Renko charts are always based on the closing prices. Renko bricks are drawn after comparing, that day’s close with the previous brick (high or low). A "box size" which determines the minimum price change to show is specified.

Suppose the closing price falls below the bottom of the previous brick by at least the box size, one or more black bricks are drawn in new columns and if the closing price rises above the top of the previous brick by at least the box size, one or more white bricks are drawn in new columns. The height of the bricks is always equal to the box size. If prices move more than the box size, but not enough to create two bricks, only one brick is drawn.

For example, in a 10 unit Renko chart, if the prices move from 1.6020 to 1.6040, then two green bricks will be drawn from 1.6020 to 1.6030 and 1.6030 to 1.6040. However, if the price rises from 1.6020 to 1.6027 then only one green brick is drawn. The rest of the move, from 1.6020 to 1.6027 is not shown on the chart.

Download

Renko Script Version
Renko Indicator Version
Renko EA version

Psych Level Scalping System

2009-08-16T18:44:00.005+05:00

5min Psychological Level Scalping

This is a very powerful winning strategy!!! We only use psychological levels to enter our trades. One of the main rules is NEVER TRADE AGAINST THE H1 CANDLE COLOR. Levels are on the screen every 00, 25, 50, 75, 00.

Another rule is: If H1 and D1 candle color are the same get ready to make more pips. If the colors do not agree be aware that a lot of times you just can grab a few pips (be happy with 5). This is a scalping strategy.

You are not allowed to enter twice in 1 hour. This is to prevent you from overtrading. Remember you only need 2% a day to get rich in the future all the rest is fun but can be greedy.

Use this idea with proper MM.

Here are indicators and template

5min psych scalping.tpl
M-Candles.mq4
m-Candles_.mq4
SDX-SweetSpots_v4_MP6L.mq4
TRO_DRAGON_MONEY_MGMT.mq4

BrainTrading System

2009-08-16T17:24:00.025+05:00

General Trading Rules

Outline:

Buy at strength and sell at weakness
Be more than willing to take small losses
Be more than willing to switch positions
Stick with the big trend till BrainTrading System says to exit
Always place stops immediately after entering a trade
Only move stops in the desired direction
Turn your mental power into profit

How To Use BrainTrading System

BrainTrading System indicator package includes four main independently calculated indicators: BrainTrend1,

BrainTrend1Stop, BrainTrend2, BrainTrend2Stop and four auxiliary indicators

used for pictorial presentation of main indicators: BrainTrend1Sig, BrainTrend1StopLine, BrainTrend2Sig,BrainTrend2StopLine.

IMPORTANT!

(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine),

(BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine),

(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine) are priority groups of indicators of the BrainTrading System

BrainTrend1 and BrainTrend2 are market “DIRECTION” indicator. It shows trend direction by colors, when the market changes to or stays in an up-trend, the bars become or remain BLUE. When the market changes to or stays in a downtrend, the bars become or remain RED. When the market goes sideways or is not strong on either side, the bars become or remain GREEN. BrainTrend1 and BrainTrend2 indicators can work with any time bar charts.

IMPORTANT! Don’t use BrainTrend1 and BrainTrend2 indicators on one chart at the same time.

You need to use BrainTrend1BrainTrend2 as confirmative indicator in separate chart window. indicator as main on all charts and use

Figure 1. BrainTrend1 market “DIRECTION” indicator
Figure 2. BrainTrend2 market “DIRECTION” indicator

BrainTrend1Sig and BrainTrend2Sig are semi-system indicators, which integrates the time-proven BrainTrading trading rules and generates BUY or SELL signals.

BrainTrend1Sig will provide a buy signal with a big Cyan dot when buy conditions are met. The value of the big cyan dot is the initial stop for the position. BrainTrend1Sig will provide a sell signal with a big Magenta dot when sell conditions are met. The value of the big dot is the initial stop for the position.

BrainTrend2Sig will provide a buy signal with a big Blue dot when buy conditions are met. The value of the big Blue dot is the initial stop for the position. BrainTrend2Sig will provide a sell signal with a big Red dot when sell conditions are met. The value of the big Red dot is the initial stop for the position.

Figure 3. BrainTrend1Sig Buy/Sell Signals
Figure 4. BrainTrend2Sig Buy/Sell Signals

BrainTrend1Stop and BrainTrend2Stop are trend-stop indicators, and are demonstrated by multicolored dots. For distinguishing purposes, BrainTrend1Stop uses Cyan and Magenta dots, and BrainTrend2Stop uses Blue and Red dots.

IMPORTANT!

BrainTrend1StopLine and BrainTrend2StopLine are the same as BrainTrend1Stop and BrainTrend2Stop but in form of Line for pictorial presentation of BrainTrend1Stop and BrainTrend2Stop indicators. You may use these indicators or not.

Both BrainTrend1Stop and BrainTrend2Stop must identify a trend first then begin to paint the dots. This is why you may not see any dots sometimes.

Cyan or Blue Dots below the lows of the bars indicate two things:

(1) the market is in an up-trend;
(2) the values of the Cyan or Blue Dots are the protection stops or the profit target stops (if the position had profit) for the long position. The value of the Cyan or Blue points can be seen in the Data Window after moving your mouse pointer to this indicator point.

The Magenta or Red Dots above the highs of the bars indicate two things:

(1) the market is in a down-trend;
(2) the values of the Magenta or Red Dots are the protection stops or the profit target stops (if the position had profit) for the short position. The values of the Magenta or Red points can be seen in the Data Window after moving your mouse pointer to this indicator point.

Figure 5. BrainTrend1Stop (BrainTrend1StopLine) Stops

Figure 6. BrainTrend2Stop (BrainTrend2StopLine) Stops

Many studies reveal that it is more difficult to know how to exit the market than to enter the market. One can get into the market at any time if one knows how to get out of the market. BrainTrend1Stop and BrainTrend2Stop are TREND-STOPS indicators which are precisely and objectively defined by the market’s own prices. They help traders enter and stay in the right market direction with minimal risk. You can back test TREND-STOPS with the historical data. Use BrainTrend1Stop and BrainTrend2Stop to enter the market and as trailing stops.
BrainTrend1Stop and BrainTrend2Stop work in very similar ways, but the trend definition and stop calculations are different. BrainTrend2Stop is about 30% more sensitive than BrainTrend1Stop. We recommend you to use BrainTrend2Stop indicator on small time frames (15 minutes or less) as trailing stops and use BrainTrend1Stop to enter the market on this time frame.
Also we recommend you to use BrainTrend2Stop indicator on big time frames (30 minutes or more) as choppy market identificator only and use BrainTrend1Stop indicator on this time frames as entry and exit tool. Don't trade when there are conflicting stop signals (BrainTrend1Stop and BrainTrend2Stop stop signals above and below the highs and lows of the bars at the same time). Wait for BrainTrend1Stop and BrainTrend2Stop stop signals will be both above or below the highs or lows of the bars. And if you see very many signals on small time frame so use bigger time frames (for example, change your 15-minute time frame for USD/CHF or USD/JPY to 30-minute or more) and use on this big time frames BrainTrend1Sig for signals and BrainTrend1Stop as stoploss line. And we have rule for practically without risk of loss using of our indicators: when you see CYAN dot buy and when you see MAGENTA dot, sell EVEN WITHIN ONE BAR
!!! (but we recommend to use this rule for time frames from 30 minutes and higher because if you will use less time frames you will have very many signals within one bar and you will need more time to follow this simple rule).

Figure 7. Conflicting BrainTrend1Stop and BrainTrend2Stop signals

The beauty of BrainTrading System stops is that the stops change along with the market. The stop values are determined by the market’s prices objectively. When you enter the market, the stops will continuously indicate the optimal stops guiding you to lock in your profit, and to approach maximum profits step by step.

All BrainTrading System indicators can work with any time bar charts.

Priority groups of indicators of the BrainTrading System

(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine),

(BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine),
(BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine) are priority groups of indicators of the BrainTrading System.

1. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine

Figure 9. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine
2. BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine

Figure 10. BrainTrend2, BrainTrend2Sig, BrainTrend2Stop, BrainTrend2StopLine

3. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig,BrainTrend2Stop, BrainTrend2StopLine

Figure 11. BrainTrend1, BrainTrend1Sig, BrainTrend1Stop, BrainTrend1StopLine, BrainTrend2Sig,BrainTrend2Stop, BrainTrend2StopLine

Entry Rules Using BrainTrading System

A. Trend-Stop (TS) Agreement Entry

This method is good for day trading, short term and long term position trading.

• For a TS Entry, first open a workspace with two charts (windows) on the same workspace. Set up a chart with

BrainTrend1, BrainTrend1Sig, BrainTrend1Stop and BrainTrend1StopLine added on. And then set up another chart with BrainTrend2, BrainTrend2Sig, BrainTrend2Stop and BrainTrend2StopLine added on (see Figure 9 and Figure 10).

• Buy at market when the first chart shows the blue bar and cyan dot, and the second chart also shows the blue bar and blue dot.
• Sell at market when the first chart shows the red bar and magenta dot, and the second chart shows the red bar and red dot.
• The winning chance for this entry is very good especially for position trading, because four independently calculated indicators confirm a trade: you must see each signal of BrainTrend1, BrainTrend2,

BrainTrend1Stop and BrainTrend2Stop.

• For those seeking the early stage of the trend, and willing to take chances with small stops, buy at market at blue bar and cyan dots of BrainTrend1Stop, and sell at market at red bar and magenta dots of
BrainTrend1Stop.

B. Short Term And Long Term Agreement (SL) Entry

• For day trading, if the 1-hour and the 30-min bars remain the same color, 15-min bar become the same color as the 30-min and the 15-min bars, and 5-min BrainTrend1Stop dot moves one step up (or down) in favor of the color of the bars, take a position in the direction of the color.
You may back test in your historical data for this rule.

• For position trading with end-of-day data, only trade in the direction of weekly bars. If weekly bars keep blue, watch the daily bars turning green or red, wait the daily bar coming back to blue to enter the long position. Another way, if both weekly and daily bars are blue, wait the BrainTrend1Stop stop moves one step up to entry the long position.

Conversely, a similar rule applies for a down-trend.

B. Low Risk (LR) Entry

• One of the features of BrainTrading System is that it never misses a big move.

Once a big move is on its way, the BrainTrading System stops do a very good job in optimizing profit, yet keep you in the big move until the end.
To test this fact, open a page with BrainTrading System stops on and find out how they performed during the big moves in the past. If your parameters are set properly, you should come to the same conclusion, that is, BrainTrading System never misses a big move. By knowing this fact, you can greatly increase your leverage capacity in hedging your positions if you are trading multiple contracts.

• The best time for a LR entry is when a trend is established. For example, in an up-trend, you see both blue bars and blue dots as the market moves up. Suddenly, you see the market shift into a countertrend, moving back very close to the cyan or blue dots (stops), but the bar is still blue. As soon as you see the market move up again, go ahead with the LR Entry or add a long position. Since over 75% of BrainTrading System stops can not be hit, your chance of winning is very high.

Use BrainTrading System stops as your protection stops. With this entry your risk is significantly low. Many times, you may even see a $200 stop for daytrading, or a $500 stop for position trading.
Conversely, a similar rule applies for a down-trend.

• For day trading, it is suggested that use 30-min or 1-hour bar charts.

• For position trading, it is suggested that use weekly, daily or 4-hour bar charts and use BrainTrading System stops with the default settings.
• If you miss a trade at the early stage of a trend, you can enter the market by the Low Risk entry and place the stop according to the BrainTrend1Stop or BrainTrend2Stop dot. If you have one position with some profit, and you trade multiple contracts, you can add a position with smaller risk at this point. In fact, there is usually no risk, because your first trade’s profit has already covered the small stop of the second. Remember that good traders take advantage of direction and duration. A trend is not a trend until it’s on its way. Act on what the market is doing, rather than what you assume it to be.

Figure 12. A typical Low Risk (LR) entry example. BrainTrend1Stop had formed on the chart. Enter a buy position when the BrainTrend1Stop cyan dot moved up and price was very close to the

cyan stop. Inversely, enter a sell position when the BrainTrend1Stop magenta dot moved down and price was very close to the magenta stop. The feature is that the risk for this entry is low, and you will know your position right or wrong very soon.

D. BrainTrading System Signals

• The buy and sell signals generated by BrainTrend1Sig or BrainTrend2Sig is only a part of the

BrainTrading System trading rules. For the best trading result, use BrainTrend1Sig or BrainTrend2Sig along with the other four BrainTrading System indicators to confirm
a trade.

• When BrainTrading System gives a BIG CYAN or BLUE dot in a long time frame (ig. 30-min or more chart) it’s a precondition to buy. Go to a short time frame chart, wait for a retrace to enter the market. If you use end-of-day data, enter a buy position the next day when BrainTrading System gives a BIG CYAN or BLUE dot, you may pick a better price when the market retraces towards the stop.
• When BrainTrading System gives a BIG MAGENTA or RED dot in a long time frame (ig. 30-min or more chart) it’s a precondition to sell. Go to a short time frame chart, wait for a retrace to enter the market. If you use end-of-day data, enter a sell position the next day when BrainTrading System gives a BIG MAGENTA or RED dot, you may pick a better price when the market retraces towards the stop.
It is the way to ignore false signals from your BrainTrading System Indicators.

• Entry points are also effected by the settings of the time frame. The longer the time bars, the higher the accuracy. The time frame controls the trading frequency too. If you use the end-day data, you may use daily bars for position trading. If you have time to watch the markets during day time, use the 60- or 120-minute bars for better entry price. 15- or 30-minute charts are commonly used for day trading to determine the direction.

Generally, use the longer time bars to determine the direction that you want to enter; use the shorter time bars to pinpoint the entry.

Specifically, enter a long (buy) position when:
1. Current longer time bar must be blue;
2. Current shorter time bar just changed color from green or red to blue;
3. The retracement of a few bars ago does not break the BrainTrading System stops;
4. Low of the shorter time bar is greater than the low of one bar ago;
5. Use RSI(2) (i.e. 2-bar average RSI) or any other your favorite oscillators to confirm the entry;
6. Place your protection stop below the low of one bar ago.
The opposite set of conditions should be met for short (sell) position.

For example, you may use 1-hour chart to guide the direction and use 30-min chart for entry or exit for daytrading. Wait the market pulling back, but not penetrating the BrainTrading System stops to enter.

Retracement Entry can be used to do position trading by using delayed data. This method has a great advantage of getting better filled for position trading. Use the longer time frame, such as the 4-hour bar, to determine the direction, and use a short time frame, such as 1-hour or 30 minute, to determine the entry point. For example, if the 4-hour bar is blue, prepare to buy, but wait for the 1-hour or 30 minute bar to turn red. Estimate the normal retracement duration for your market. If the normal retracement duration is 4 bars on the 30 minute chart, then wait for 4 red bars, and if the 4th red bar does not penetrate the BrainTrading System stop, enter a long position at the market. You get a better filled price as well as a favorable market position, since the market did not penetrate the stop after a normal retracement period.

You may use 4-hour chart to guide the direction and use 1-hour chart for entry or exit for position trading. Wait the market pulling back, but not penetrating the BrainTrading System stops to enter.

Retrace Or Reversal?

Is the current pullback a retrace or reverse? That is the key in determining the entry. BrainTrend1Stop on a 30-Min chart can help to identify a retrace from reversal. After the 15-Min chart form a pivot low, go back to the 30-Min chart to see if the BrainTrend1Stop stop on 30-Min still exist or not. If BrainTrend1Stop 30-Min stop disappeared, it is more likely that the market reversed, if it still exists, it’s more likely a retrace. To test this phenomenon, open a 30-Min chart for USD/CHF market with BrainTrend1Stop, exam the early stage of the moves, you will find that BrainTrend1Stop does a good job in distinguishing a retrace from a reversal. What time frame is the best in distinguishing retrace from reversal for your market? A simple test can help. Change time frames on the 30-Min chart with historical data, look at the early stage of trends, to see BrainTrend1Stop on what time frame can best distinguish between retrace and reversal.

Confirmation Rules Using BrainTrading System

Knowing how to hold a position is more difficult than entering a trade.

• Should we hold this position?

• Should we exit now or when?
• Should we take profit now or when?
• Should we switch our position now or when?
At each and every moment after we enter a trade, these questions are asked time and time again in our mind. We wish we could hear the answers directly from the market! Basically, each of BrainTrading System indicators is calculated independently. Sometimes, near turning points or in a choppy market, you may see conflicting indicators, such as a magenta dot above a blue bar or a red bar with no dots showing or both blue and red bars showing up for the same bars, etc. In real trading, time is everything. We can not wait for all these indicators to confirm each other, then enter the markets. Therefore, “entry rules” are different from “confirmation rules”. You take a risk and enter the market according to “entry rules” mentioned above. As soon as you initiate a position (long or short), the next thing is to closely watch the indicator’s confirmations. If your trading positions are not confirmed by one of the following confirmation rules within a certain time, you should consider exiting the positions. What is the certain time? It depends on the specific market, on

whether you are daytrading or position trading, on the time bar frame used, etc. You need to decide for yourself, though typically the best time is about 4 to 8 bars. Avoid entering the market near the current high or long term Resistance Line, even when you get a buy signal from short term chart and confirmed by long-term chart.

There are four simple confirmations for positions which you are holding:

1. Trend and Trend-Stop confirmation:

If you are in a long (buy) position, watch for Cyan or Blue dots showing below the blue bars, or if you are in a short (sell) position, watch for Magenta or Red dots showing above the red bars. Here is essential for this confirmation.
2. Short term bar chart and long term bar chart confirmation:
The short time bar chart is 30 minute bars, and long time bar chart is 1-hour bars. When an uptrend begins, the 30 minute bar changes to blue first while the 1 hour bar is still red or green. If the 1 hour bar begins showing blue, this is called confirmation of the up-trend by long term bars. It is the opposite for the downtrend.
You may confirm this entry by your favorite oscillators or MACD. 3. Trend-Stop Moving confirmation:
While holding a buy position, watch the cyan or Blue dots “moving up” to confirm holding the long position. While holding a sell position, watch the magenta or Red dots “moving down” to confirm holding the short position.
4. Inter-Market Agreement confirmation:
Due to quick development of the information highway and modern communication, all markets are related to each other more than ever before. Inter-market analysis has been one of the top issues in market research. Now BrainTrading System provides a powerful tool for you to test and decide upon the most related markets and to use them as a filter to eliminate some of the false trades.
For Swiss Franc, the most related markets are Euro and British Pound. You do not need to wait for all related markets to show the same colors to enter a trade. However, if the trade is in the right direction, you should see the confirmations from other markets soon.

What if after entering the market, the market turns sideways?

When you begin to see green bars, pay attention to the stop dots. Green bars indicate a sideways market. We don’t know which way the market will turn. There are two ways to react:

1. With some profit, or at least to break even: take a chance by holding the position using BrainTrading System stops. Then, begin to use longer time bars to help determine the market direction.

2. Without profit: simply exit the market.
In terms of making profit, you don’t need to become an expert in all these rules. Begin with one rule that best fits you and concentrate on your trading using only this rule. Build your confidence with it. Then add more one step at a time. Once you master the rules that help you win, you can repeat them again and again.

How to avoid choppy market

The key to success in day trading is to know when not to trade. BrainTrading System and all indicator packages have their unique ways to show you the choppy market.

How to define a choppy market? If the bars change colors frequently within last bars, the price action has a small range, and trend-stops are mixed above and below the small range of prices, this is considered to be a choppy market. In order to best identify important trend changes in a choppy market, try using longer time frame bars. For example, if you normally use a 30 minute bar chart for daytrading, you should use a 1-hour (or longer) bar chart in a choppy market.

At the end of a choppy market, suddenly you see the market breaking out of its static price range and hitting the stops of BrainTrend1Stop or BrainTrend2Stop. This shows the market is waking up. Go with the direction of the market breaking out. Place your protection stops according to BrainTrend1Stop or BrainTrend2Stop trend-stops as soon as your order is filled.

Because the cyan dots and the magenta dots are well defined by the market’s own price, the probability of the market going in the breaking direction is very high.

Here are some rules:

1. Don't trade when the bar colors are green. Sometimes, you have several signals in agreement. But the bar color is green.
2. Don't trade when there are conflicting stop signals (BrainTrend1Stop and BrainTrend2Stop stop signals above and below the highs and lows of the bars at the same time).
3. Don't trade when large size bars are opposite to each other.
4. Don't trade when the bar colors keep changing.

5. Don’t trade in non liquid time (GMT evening and night for currencies).

Figure 13. Don't trade when the bar colors are green. Sometimes, you have several signals in agreement. But the bar color is green.

Figure 14. Don't trade when there are conflicting stop signals (BrainTrend1Stop and BrainTrend2Stop stop signals above and below the highs and lows of the bars at the same time).

Figure 15. Don't trade when large size bars are opposite to each other

Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.

Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.
Figure 16. Don't trade when the bar colors keep changing

Trading Tips

The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrading System indicators with consideration of different market conditions is very important.

BrainTrading System is ideal for both daytrading and position trading. BrainTrading System help you to focus on the most essential information on markets. BrainTrading System indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrading System you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrading System is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

With BrainTrading System you have the power that even some professional traders would never imagine before.

A. BrainTrend1/1Stop/1Sig Entry Rules

1. BrainTrend1/1Stop/1Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots below the bars are for buy; BrainTrend1Stop magenta dots above the bars are for sell.
3) BrainTrend1Sig large cyan dots below the bars are for buy; BrainTrend1Sig large magenta dots above the bars are for sell.
2. And break out the narrow range of the current 5 to 9 bars.

Figure 17. Break out the narrow range of the current 5 to 9 bars

Figure 18. “FALSE SIGNALS” identification

B. BrainTrend2/2Stop/2Sig Entry Rules

1. BrainTrend2/2Stop/2Sig agreement.

1) BrainTrend2 blue bars are for buy; BrainTrend2 red bars are for sell.
2) BrainTrend2Stop blue dots below the bars are for buy; BrainTrend2Stop red dots above the bars are for sell.
3) BrainTrend2Sig large blue dots below the bars are for buy; BrainTrend2Sig large red dots above the bars are for sell.
2. And break out the narrow range of the current 4 to 6 bars.

Figure 19. “FALSE SIGNALS” identification

C. BrainTrend1/1Stop/1Sig/2/2Stop/2Sig Entry Rules

1. BrainTrend1/1Stop/1Sig/2Stop/2Sig agreement.

1) BrainTrend1 blue bars are for buy; BrainTrend1 red bars are for sell.
2) BrainTrend1Stop cyan dots and BrainTrend2Stop blue dots below the bars are for buy; BrainTrend1Stop magenta dots and BrainTrend2Stop red dots above the bars are for sell.
3) BrainTrend1Sig large magenta dots and BrainTrend2Sig large red dots below the bars are for buy; BrainTrend1Sig large cyan dots and BrainTrend2Sig large blue dots above the bars are for sell.
4) Don't trade when there are conflicting stop signals (BrainTrend1Stop and BrainTrend2Stop stop signals above and below the highs and lows of the bars at the same time).

2. And break out the narrow range of the current 4 to 6 bars.

Figure 20. BrainTrend1/1Stop/1Sig/2/2Stop/2Sig Agreement

Note: If you are a new user and don't know which dot is BrainTrend1/1Stop/1Sig or BrainTrend2/2Stop/2Sig or BrainTrend1/1Stop/1Sig/2Stop/2Sig, please create some charts and apply one indicator to each chart so that you will know which is which when you apply BrainTrend1/1Stop/1Sig or BrainTrend2/2Stop/2Sig or BrainTrend1/1Stop/1Sig/2Stop/2Sig to one chart in trading.

1. Since BrainTrend1/1Stop/1Sig are relatively short term price move direction (blue is up and red is down) before you reach a key support/resistance, try to hold your position if the bars are still blue when you hold a long position or the bars are still red when you hold a short position. Get ready to tighten the stops after you have seen green bars.

2. Give more weight to the reappearance of the same color bar, e.g. after a relatively large red bar and followed by several green bars, then you see a red bar again, this is the reappearance of the same color bar. It is significant if the new red bar can break the previous low/support. The same is true for the blue bars.
3. Give more weight to BrainTrend1/1Stop/1Sig right after a strong pattern in a quick moving market, e.g. a sell BrainTrend1/1Stop/1Sig after a double tops.
4. Give more weight to the fresh BrainTrend1Stop (the first few dots or move to a higher value in a up trend or move to a lower value in a down trend) and give less weight to the late part of a long line of BrainTrend1Stop.
5. Due to the accuracy of BrainTrend1Stop, try not to place trades against BrainTrend1Stop direction unless there is a very significant price action (key support/resistance rebound with strong volume and pattern, etc.).
6. Try to be aggressive in taking trades at the end of a long period of narrow range consolidation
(BrainTrend1/1Stop/1Sig agreement at the end of a flat line is the best). Try to be very conservative in taking trades after a significant market price movement.
7. Try to be very aggressive in the morning and afternoon sessions when the volume is up. Try to be less aggressive in the lunch hours, especially after a significant price movement.
8. Normally, the trend is up if you see higher highs and higher lows and the trend is down if you see lower highs and lower lows.
9. The volume can be used to qualify some potential trend development. E.g. when you see volume build-up for the up-tick bars in a potential up trend formation and you see smaller volume for the down-tick bars in a potential up trend formation, the up trend has a high likelihood to be real. Volume needs to be viewed for a group of bars. Relatively large volume associated with a single bar may be misleading since the outcome could be uncertain. It will be ideal to see the breakouts with volume support and follow-through price actions.
10. Don't be afraid of missing out since you always have more opportunities ahead of you. You need to find the best time to enter. You need to control your emotion and plan a trade, then execute with discipline.
11. Don't trade if you feel that you are compelled to trade by the market price movement instead of your intention (plan). Stop trading (cooling off) if you are making several trades in a very short time frame. Don't trade if you don't see a clear volume association with the trend development. Don't trade if you cannot clearly define a trend (higher highs and higher lows for up trend/lower lows and lower highs for a down trend). Don't trade if you don't see the BrainTrend1/1Stop/1Sig agreement with range breakouts.

BrainTrend1.mq4
BrainTrend2.mq4
BrainTrend2Sig.mq4
BrainTrend2Stop.mq4
BrainTrend2StopLine.mq4
BrainTrend1Sig.mq4
BrainTrend1Stop.mq4
BrainTrend1StopLine.mq4

Ichimoku Trading System

2009-08-05T12:35:00.035+05:00

Introduction

Quick Description

Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.

History

The charting system of Ichimoku Kinko Hyo was developed by a Japanese newspaper man named Goichi Hosoda. He began developing this system before World War II with the help of numerous students that he hired to run through the optimum formulas and scenarios - analogous to how we would use computer simulated backtesting today to test a trading system. The system itself was finally released to the public in 1968, after more than twenty years of testing, when Mr. Hosoda published his book which included the final version of the system.

Ichimoku Kinko Hyo has been used extensively in Asian trading rooms since Hosoda published his book and has been used successfully to trade currencies, commodities, futures, and stocks. Even with such wild popularity in Asia, Ichimoku did not make its appearance in the West until the 1990s and then, due to the utter lack of information in English on how to use it, it was mostly relegated to the category of another "exotic" indicator by the general trading public. Only now, in the early 21st century, are western traders really beginning to understand the power of this charting system.

Equilibrium At a Glance

The name Ichimoku Kinko Hyo, which translates to "Equilibrium chart at a glance" aptly describes the system and how it is to be used, as described below:

While Ichimoku utilizes five separate lines or components, they are not to be used individually, in isolation, when making trading decisions, but rather used together to form an integrated "whole" picture of price action that can be gleaned "at a glance". Thus, a simple look at an Ichimoku chart should provide the Ichimoku practitioner with a nearly immediate understanding of sentiment, momentum and strength of trend.

Price action is constantly measured or gauged from the perspective of whether it is in relative equilibrium or disequilibrium. Hosoda strongly believed that the market was a direct reflection of human group dynamics or behavior. He felt that human behavior could be described in terms of a constant cyclical movement both away from and back towards equilibrium in their lives and interactions. Each of the five components that make up Ichimoku provide its own reflection of this equilibrium or balance.

Ichimoku Components

The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete "Ichimoku picture". A summary of how each line is calculated is outlined below:

TENKAN SEN ("turning line")

(HIGHEST HIGH + LOWEST LOW)/2  for the past 9 periods

KIJUN SEN ("standard line")

(HIGHEST HIGH + LOWEST LOW)/2  for the past 26 periods

CHIKOU SPAN ("lagging line")

CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods

SENKOU SPAN A ("1st leading line")

(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods

SENKOU SPAN B ("2nd leading line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future) 26 periods

The senkou span A and B deserve special mention here as they, together, form the Ichimoku "kumo" or cloud. We cover the kumo and its myriad functions in more detail in the section "The kumo".

The chart below (FIGURE I) provides a visual representation of each of these five components:

Ichimoku Settings

As you can see in the Ichimoku Components section above, each line calculation has one and sometimes two different settings based on the number of periods considered. After much research and backtesting, Goichi Hosoda finally determined that the settings of 9, 26 and 52 were the ideal settings for obtaining optimum results with Ichimoku. He derived the number 26 from what was then the standard Japanese business month (which included Saturdays). The number 9 represents a week and a half and the number 52 represents two months.

The standard settings for an Ichimoku Kinko Hyo chart are 9,26,52.

There is some debate around whether or not these settings of 9,26,52 are still valid given that the standard work month here in the West does not include Saturdays. In addition, in non-centralized markets that do not keep standard business hours like the Forex (which trades around the clock) some have posited that there may be more appropriate settings. Nevertheless, we at Boersma & Hunt, as well as most other professional Ichimoku traders, agree that the standard settings of 9,26,52 work extremely well and do not need to be altered.

The argument could be made that, since Ichimoku Kinko Hyo functions as a finely-tuned, integrated whole, changing the settings

to something other than the standard could throw the system out of balance and introduce invalid signals.

Thus, for the purposes of describing Ichimoku Kinko Hyo within this wiki, it will be assumed that the standard settings are being used.

Ichimoku components

Tenkan Sen

The tenkan sen, as we have already mentioned in our Introduction section, is calculated in the following manner:

TENKAN SEN ("turning line")

(HIGHEST HIGH + LOWEST LOW)/2  for the past 9 periods

While many may compare the tenkan sen to a simple 9 period simple moving average (SMA), it is quite different in the sense that it measures the average of price's highest high and lowest low for the last 9 periods. Hosoda believed that using the average of price extremes over a given period of time was a better measure of equilibrium than merely using an average of the closing price. This study of the tenkan sen will provide us with our first foray into the key aspect of equilibrium that is so prevalent in the Ichimoku Kinko Hyo charting system.

Consider the chart in Figure I below:

FIGURE I - Tenkan Sen vs. 9 Period SMA

As can be seen in the chart, the tenkan sen often exhibits "flattening" whereas the 9 period SMA does not. This is due to the fact that the tenkan sen uses the average of the highest high and lowest low rather than an average of the closing price. Thus, during periods of price ranging, the tenkan sen will clearly show the midpoint of the range via its flat aspect.

When the tenkan sen is flat, it essentially indicates a trendless condition over the last 9

periods.

It can also be seen how the tenkan sen provides a much more accurate level of price support than does the 9 period SMA. With only one exception, price action stayed above the tenkan sen in the three highlighted areas of the chart, while price broke below the SMA numerous times. This is due to the more conservative manner in which the tenkan sen is calculated, which makes it less reactive to small movements in price. On a bearish chart, the tenkan sen will likewise act as a level of resistance.

The angle of the tenkan sen can also give us an idea of the relative momentum of price movements over the last 9 periods. A steeply angled tenkan sen will indicate a nearly vertical price rise over a short period of time or strong momentum, whereas a flatter tenkan sen will indicate lower momentum or no momentum over that same time period.

The tenkan sen and the kijun sen both measure the shorter-term trend. Of the two, the tenkan sen is the "fastest" given that it measures trend over the past 9 periods as opposed to the kijun sen's 26 periods. Thus, given the very short term nature of the tenkan sen, it is not as reliable an indicator of trend as many other components of Ichimoku. Nevertheless, price breaching the tenkan sen can give an early indication of a trend change, though, like all Ichimoku signals, this should be confirmed by the other Ichimoku components before making any trading decision.

One of the primary uses of the tenkan sen is vis-a-vis its relation to the kijun sen. If the tenkan sen is above the kijun sen, then that is a bullish signal. Likewise, if the tenkan sen is below the kijun sen, then that is bearish. The crossover of these two lines is actually a trading signal on its own, at topic that is covered in more detail in Ichimoku Trading Strategies section.

Kijun Sen

The kijun sen is calculated in the following manner:

KIJUN SEN ("standard line")

(HIGHEST HIGH + LOWEST LOW)/2  for the past 26 periods

The kijun sen is one of the true "workhorses" of Ichimoku Kinko Hyo and it has myriad applications. Like its brother, the tenkan sen, the kijun sen measures the average of price's highest high and lowest low, though it does so over a longer time frame of 26 periods as opposed to the tenkan sen's 9 periods. The tenkan sen thus provides us with all the information the tenkan sen does, just on a longer time frame.

Due to the longer time period it measures, the kijun sen is a more reliable indicator of short-term price sentiment, strength and equilibrium than the tenkan sen. If price has been ranging, then the kijun sen will reflect the vertical midpoint of that range (price equilibrium) via its flat aspect. Once price exceeds either the last highest high or lowest low within the last 26 periods, however, the kijun sen will reflect that by either angling up or down, respectively. Thus, short-term trend can be measured by the direction of the kijun sen. In addition, the relative angle of the kijun sen will indicate the strength or momentum of the trend.

Price equilibrium is expressed even more accurately in the kijun sen than in the tenkan sen, given the longer period of time it considers. Thus, the kijun sen can be relied upon as a significant level of price support and resistance (see highlighted areas in Figure II below).

Price tends to move alternately away from and back toward the kijun sen in a cyclical fashion due to the kijun sen's strong expression of equilibrium or stasis. Thus, when price momentum is extreme and price moves rapidly up or down over a short period of time, a certain "rubber band" effect can be observed on price by the kijun sen, attracting price back towards itself and bringing it back to equilibrium. An analogy could be made between how price interacts with the kijun sen and how electricity always seeks to return to ground or zero potential. The "ground" in this case is the kijun sen and price will always seek to return to that level. This phenomenon is particularly evident when the kijun sen is flat or trendless, as can be seen in Figure III below:

Given the dynamics of the kijun sen outlined above, traders can use the kijun sen effectively as both a low-risk point of entry as well as a solid stop loss. These two tactics are employed extensively in both the kijun sen cross as well as the tenkan sen/kijun sen cross strategies which are covered in greater detail in our Ichimoku Trading Strategies section.

Chikou Span

The chikou span is calculated in the following manner:

CHIKOU SPAN ("lagging line")

CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods

The chikou span represents one of Ichimoku's most unique features; that of time-shifting certain lines backwards or forwards in order to gain a clearer perspective of price action. In the chikou span's case, the current closing price is time-shifted backwards by 26 periods. While the rationale behind this may at first appear confusing, it becomes very clear once we consider that it allows us to quickly see how today's price action compares to the price action of 26 periods ago, which can help determine trend direction.

If the current close price (as depicted by the chikou span) is lower than the price of 26 periods ago, that would indicate that there is a potential for more bearish price action to come, since price tends to follow trends. Conversely, if the current closing price is above the price of 26 periods ago, that would then indicate the possibility for more bullish price action to follow.

Consider the charts in Figures IV and V below:

FIGURE IV - Chikou Span in Bullish Configuration

In addition to providing us with another piece of the "trend puzzle", the chikou span also provides clear levels of support and resistance, given that it represents prior closing prices. Ichimoku practitioners can thus draw horizontal lines across the points created by the chikou span to see these key levels and utilize them in their analysis and trading decisions (see Figure VI below).

FIGURE V - Chikou Span in Bearish Configuration

Senkou Span A

The senkou span A is calculated in the following manner:

SENKOU SPAN A ("1st leading line")

(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods

The senkou span A is best-known for its part, along with the senkou span B line, in forming the kumo, or "Ichimoku cloud" that is the foundation of the Ichimoku Kinko Hyo charting system. The senkou span A is another one of the time-shifted lines that are unique to Ichimoku. In this case, it is shifted forwards by 26 periods. Since it represents the average of the tenkan sen and kijun sen, the senkou span A is itself a measure of equilibrium. Goichi Hosoda knew well that price tends to respect prior support and resistance levels, so by time-shifting this line forward by 26 periods he allowed the Ichimoku practitioner to quickly see "at a glance" where support and resistance from 26 periods ago (1 month ago on a Daily chart) reside compared with current price action.

While it is possible to trade off of the senkou span A and B lines on their own, their real power comes in their combined dynamics in the kumo.

Senkou Span B

The senkou span B is calculated in the following manner:

SENKOU SPAN B ("2nd leading line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future)

26 periods

The senkou span B is best-known for its part, along with the senkou span A line, in forming the kumo, or "Ichimoku cloud" that is the foundation of the Ichimoku Kinko Hyo charting system. On its own, the senkou span B line represents the longest-term view of equilibrium in the Ichimoku Kinko Hyo system. Rather than considering only the last 26 periods in its calculation like the senkou span A, the senkou span B measures the average of the highest high and lowest low for the past 52 periods. It then takes that measure and time-shifts it forward by 26 periods, just like the senkou span A. In Hosoda's original implementation, the senkou span B would thus represent price equilibrium for the prior two (2) month period, shifted ahead of current price by one (1) month. This convention allows Ichimoku practitioners to see this longer term measure of equilibrium ahead of current price action, allowing them to make informed trading decisions.

The kumo

The Basics

The kumo is the very "heart and soul" of the Ichimoku Kinko Hyo charting system. Perhaps the most immediately visible component of Ichimoku, the kumo ("cloud" in Japanese) enables one to immediately distinguish the prevailing "big picture" trend and price's relationship to that trend. The kumo is also one of the most unique aspects of Ichimoku Kinko Hyo as it provides a deep, multi-dimensional view of support and resistance as opposed to just a single, uni-dimensional level as provided by other charting systems. This more encompassing view better represents the way in which the market truly functions, where support and resistance is not merely a single point on a chart, but rather areas that expand and contract depending upon market dynamics.

The kumo itself is comprised of two lines, the senkou span A and the senkou span B. Each of these two lines provides its own measure of equilibrium and together they form the complete view of longer-term support and resistance. Between these two lines lies the kumo "cloud" itself, which is essentially a space of "no trend" where price equilibrium can make price action unpredictable and volatile.

Trading within the kumo is not a recommended practice, as its trendless nature creates a high degree of uncertainty.

A Better Measure of Support and Resistance

As mentioned earlier, one of the kumo's most unique aspects is its ability to provide a more reliable view of support and resistance than that provided by other charting systems. Rather than providing a single level for S&R, the kumo expands and contracts with historical price action to give a multi-dimensional view of support and resistance. At times the kumo's ability to forecast support and resistance is nothing short of eerie, as can be seen in the chart below (Figure I) for USD/CAD, where price respected the kumo boundaries on five separate occasions over a 30-day span.

FIGURE I - Kumo Support & Resistance

The power of the kumo becomes even more evident when we compare traditional support and resistance theory to Ichimoku's more comprehensive view of support and resistance via the kumo.

In the chart for Figure II below, we have added a traditional down trendline (A) and a traditional resistance line at 1.1867 (B). Price managed to break and close above both the down trendline and the single resistance level at point C. Traditional S&R traders would take this as a strong signal to go Long this pair at that point. A savvy Ichimoku practitioner, on the other hand, would take one look at price's location just below the bottom edge of the kumo and would know that going long at that point is extremely risky given the strong resistance presented by the kumo. Indeed, price did bounce off of the kumo and dropped approximately 250 pips, which would have most likely eradicated the long position of the traditional S&R trader.

Frustrated by his last losing trade, the traditional S&R trader spots another chance to go long, as he sees price break and close above the prior swing high at point D. The Ichimoku trader only sees price trading in the middle of the kumo, which he knows is a trendless area that makes for uncertain conditions. The Ichimoku trader is also aware that the top boundary of the kumo, the senkou span B, is close at hand and may present considerable resistance, so he again leaves this dubious long trade to the traditional S&R trader as he awaits a better trade opportunity. Lo and behold, after meeting the kumo boundary and making a meager 50 pips, the pair drops like a stone nearly 500 pips.

The example given above illustrates how Ichimoku's multi-dimensional view of support and resistance gives the Ichimoku practitioner an "inside view" of S&R that traditional chartists do not have. This enables the Ichimoku practitioner to select only the most legitimate, high reward trade opportunities and reject those of dubious quality and reward. The traditional chartist is left to "hope" that their latest breakout trade doesn't turn into a head fake - a shaky strategy, at best.

FIGURE II - Traditional S&R Theory vs. Ichimoku Kumo

Price's Relationship to the Kumo

In its most basic interpretation, when price is trading above the kumo, that is a bullish signal since it indicates current price is higher than the historical average. Likewise, if price is trading below the kumo, that indicates that bearish sentiment is stronger. If price is trading within the kumo, that indicates a loss of trend since the space between the kumo boundaries is the ultimate expression of equilibrium or stasis. The informed Ichimoku practitioner will normally first consult price's relationship to the kumo in order to get their initial view on a chart's sentiment. From a trading perspective, the Ichimoku chartist will also always wait for price to situate itself on the correct side of the kumo (above for long trades and below for short trades) on their chosen execution time frame before initiating any trades. If price is trading within the kumo, then they will wait to make any trades until it closes above/below the kumo.

Kumo Depth

As you will see upon studying an Ichimoku chart, the kumo's depth or thickness can vary drastically. The depth of the kumo is an indication of market volatility, with a thicker kumo indicating higher historical volatility and a thinner one indicating lower volatility. To understand this phenomenon, we need to keep in mind what the two lines that make up the kumo, the senkou span A and the senkou span B, represent. The senkou span A measures the average of the tenkan sen and kijun sen, so its "period" is between 9 and 26 periods, since those are the two periods that the Tenkan Sen and Kijun Sen measure, respectively. The senkou span B line, on the other hand, measures the average of the highest high and lowest low price for the past 52 periods. Thus, the Senkou Span A is essentially the "faster" line of the two, since it measures a shorter period of equilibrium.

Consider the chart in Figure III below. For the previous 52 periods, price made a total range of 793 pips (from a high of 1.2672 to a low of 1.1879) The midpoint or average of this range is 1.2275 and that is thus the value of the senkou span B. This value is then time-shifted forwards by 26 periods so that it stays in front of current price action. The senkou span A is more reactive to short-term price action and thus is already reflecting the move of price back up from its low of 1.1879 in its positive angle and the gradually thinning kumo. The senkou span B, on the other hand, is actually continuing to move down as the highest high of the last 52 periods continues to lower as it follows the price curve's move down from the original high of 1.2672. If price continues to rise, the senkou span A and B will switch places and the senkou span A will cross above the senkou span B in a so-called "kumo twist".

FIGURE III - The Kumo and its Calculations

The kumo expands and contracts based on market volatility. With greater volatility (i.e. where the price of a given currency pair changes direction dramatically over a short period of time), the faster senkou span A will travel along in relative uniformity with the price curve while the slower senkou span B will lag significantly given that it represents the average of the highest high and lowest low over the past 52 periods. Thicker kumos are thus created when volatility increases and thinner ones are created when volatility decreases.

Kumo depth or thickness is a function of price volatility

From a trading perspective, the thicker the kumo, the greater support/resistance it will provide. This information can be used by the Ichimoku practitioner to fine tune their risk management and trading strategy. For example, they may consider increasing their position size if their Long entry is just above a particularly thick kumo, as the chances of price breaking back below the kumo is significantly less than if the kumo were very thin. In addition, if they are already in a position and price is approaching a very well-developed kumo on another time frame, they may choose to either take profit at the kumo boundary or at least reduce their position size to account for the risk associated with the thicker kumo.

In general, the thicker and more well-developed a kumo is, the greater the support/resistance it will provide.

Kumo Sentiment

In addition to providing a view of sentiment vis-a-vis its relationship with price, the kumo itself also has its own "internal" sentiment or bias. This makes sense when we consider that the kumo is made up of essentially two moving averages, the senkou span A and the senkou span B. When the senkou span A is above the senkou span B, the sentiment is bullish since the faster moving average is trading above the slower. Conversely, when the senkou span B is above the senkou span A, the sentiment is bearish.

This concept of kumo sentiment can be seen in Figure IV below:

FIGURE IV - Kumo Sentiment

When the senkou span A and B switch places this indicates an overall trend change from this longer-term perspective. Ichimoku practitioners thus keep an eye on the leading kumo's sentiment for clues about both current trend as well as any upcoming trend changes. The "senkou span cross" is an actual trading strategy that utilizes this kumo twist as both an entry as well as a continuation or confirmation signal.

Flat Top/Bottom Kumos

The flat top or bottom that is often observed in the kumo is key to understanding one piece of the kumo's "equilibrium equation". Just like the "rubber band effect" that a flat kijun sen can exert on price, a flat senkou span B can act in the same way, attracting price that is in close proximity. The reason for this is simple: a flat senkou span B represents the midpoint of a trendless price situation over the prior 52 periods - price equilibrium. Since price always seeks to return to equilibrium, and the flat senkou span B is such a strong expression of this equilibrium, it becomes an equally strong attractor of price.

In a bullish trend, this flat senkou span B will result in a flat bottom kumo and in a bearish trend it will manifest as a flat top kumo. The Ichimoku practitioner can use this knowledge of the physics of the flat senkou span B in order to be more cautious about both their exits out of the kumo. For instance, when exiting a flat bottom (bullish) kumo from the bottom, rather than merely placing an entry order 10 pips below the senkou span B, savvy Ichimoku practitioners will look for another point around which to build their entry order to ensure they don't get caught in the flat bottom's "gravitational pull". This method minimizes the number of false breakouts experienced by the trader.

See the highlighted areas in the chart for Figure V below for an example of flat top and bottom kumos:

FIGURE V - Flat Top and Flat Bottom Kumos

Trend trading

Definition

"Trend following is an investment strategy that takes advantage of long-term moves that play out in various markets... Traders who use this approach can use current market price calculation, moving averages and channel breakouts to determine the general direction of the market and to generate trade signals. This approach is reactive, diversified, long-term, and systematic by nature. Traders who subscribe to a trend following strategy do not aim to forecast or predict markets or price levels; they simply jump on the trend and ride it."

- Definition of trend following from Wikipedia

Ichimoku Kinko Hyo and Trend Trading

It must be understood by any who wishes to use the power of Ichimoku Kinko Hyo that it is, first and foremost, a trend trading system. It is further assumed that the trader wielding Ichimoku does so with a solid undertanding of the basic tenets of trend trading. This is a key assumption, since knowledge of how to trade the trend is absolutely critical to long-term success with Ichimoku. Ichimoku on its own will not teach one the underlying philosophy of trend following, so we must make a special mental note at this point regarding the key factors involved in successful trend trading.

Trend traders:

NEVER attempt to predict where the market will go
NEVER attempt to pick "tops" and "bottoms" of price action
ALWAYS respect the trend and align their trades accordingly
Let the market tell them when the trend is finished, not their "intuition"
Realize that they will necessarily sacrifice some pips at the beginning and end of a trend as they wait for confirmation that the trend beginning and end are authentic
Look at price action from a long-term perspective and don't get shaken by volatility
Understand that they will go through some potentially significant but temporary periods of drawdown as the trend matures
Understand that trend trading can lead to large gains but also equally large losses
Understand that trends can take place on multiple time frames

Profitable trend trading is 99% mental. If one can conquer their mind and quell the inevitable inner dialogue that screams "Whoa! Looks like price is going against your position! The trend must be ending - SELL NOW!!" and keep their eyes on the long term, they stand an excellent chance at being a successful, happy and stress-free trend trader. However, if they cannot turn off this inner dialogue or at least ignore it and keep their focus on the long-term, then they are in for a very short, very bumpy ride as a Forex trader.

As a charting system that is purpose-built for trend trading, Ichimoku Kinko Hyo can provide the savvy practitioner with a much deeper view of the trend and therefore, more secure entry and exit signals than any other trend trading system available. Nevertheless, it must be combined with the proper mindset in order to be used to its full potential.

Ichimoku trading strategies

READ THIS FIRST!

Ichimoku is a finely-tuned, integrated charting system where the five lines all work in concert to produce the end result. We emphasize the word "system" here because it is absolutely key to understanding how to use the various trading strategies we outline in this section. Every strategy covered below is to be used and measured against the prevailing Ichimoku "picture" rather than in isolation. This means that, while a scenario that matches a given strategy may have transpired, you still must weigh that signal against the rest of the chart in order to determine whether or not it offers a high-probability trade. Another way of looking at it is that Ichimoku is a system and the discrete strategies for trading it are merely "sub-systems" within that larger system. Thus, looking at trading any of these strategies from an automated or isolated approach that doesn't take into account the rest of what the Ichimoku chart is telling you will meet with mixed long-term success, at best.

Don't misinterpret the message; the strategies outlined below are very powerful and can bring consistent results if used wisely - which is within the scope of the larger Ichimoku picture. We ask that you always keep this in mind when employing these strategies.

Tenkan Sen/Kijun Sen Cross

The tenkan sen/kijun sen cross is one of the most traditional trading strategies within the Ichimoku Kinko Hyo system. The signal for this strategy is given when the tenkan sen crosses over the kijun sen. If the tenkan sen crosses above the kijun sen, then it is a bullish signal. Likewise, if the tenkan sen crosses below the kijun sen, then that is a bearish signal. Like all strategies within the Ichimoku system, the tenkan sen/kijun sen cross needs to be viewed in terms of the bigger Ichimoku picture before making any trading decisions, as this will give the strategy the best chances of success.

In general, the tenkan sen/kijun sen strategy can be classified into three (3) major classifications: strong, neutral and weak.

STRONG TENKAN SEN/KIJUN SEN CROSS SIGNAL

A strong tenkan sen/kijun sen cross Buy signal takes place when a bullish cross happens above the kumo.

A strong tenkan sen/kijun sen cross Sell signal takes place when a bearish cross happens below the kumo.

NEUTRAL TENKAN SEN/KIJUN SEN CROSS SIGNAL

A neutral tenkan sen/kijun sen cross Buy signal takes place when a bullish cross happens within the kumo.

A neutral tenkan sen/kijun sen cross Sell signal takes place when a bearish cross happens within the kumo.

WEAK TENKAN SEN/KIJUN SEN CROSS SIGNAL

A weak tenkan sen/kijun sen cross Buy signal takes place when a bullish cross happens below the kumo.

A weak tenkan sen/kijun sen cross Sell signal takes place when a bearish cross happens above the kumo.

See the chart in Figure I below for an example of several classifications of the tenkan sen/kijun sen cross:

FIGURE I - Tenkan Sen/Kijun Sen Cross Classifications

But wait! Have you checked the chikou span?

With these three major classifications in mind, we will add something else into the equation - the chikou span. As we explained in the section detailing the chikou span, this component acts as a "final arbiter" of sentiment and should be consulted with every single trading signal in the Ichimiku Kinko Hyo charting system. The tenkan sen/kijun sen cross is no different. Each of the three classifications of the TS/KS cross mentioned above can be further classified based on the chikou span's location in relation to the price curve at the time of the cross. If the cross is a "Buy" signal and the chikou span is above the price curve at that point in time, this will add greater strength to that buy signal. Likewise, if the cross is a "Sell" signal and the chikou span is below the price curve at that point in time, this will provide additional confirmation to that signal. If the chikou span's location in relation to the price curve is the opposite of the TS/KS cross's sentiment, then that will weaken the signal.

Entry

The entry for the tenkan sen/kijun sen cross is very straightforward - an order is placed in the direction of the cross once the cross has been solidified by a close. Nevertheless, in accordance with good Ichimoku trading practices, the trader should bear in mind any significant levels of support/resistance near the cross and consider getting a close above those levels before executing their order.

Exit

The exit from a tenkan sen/kijun sen cross will vary with the particular circumstances of the chart. The most traditional exit signal is a tenkan sen/kijun sen cross in the opposite direction of your trade. However, personal risk management and time frame concerns may dictate an earlier exit, or an exit based upon other Ichimoku signals, just as in any other trade.

Stop-Loss Placement

The tenkan sen/kijun sen strategy does not dictate use of any particular Ichimoku structure for stop-loss placement, like some other strategies do. Instead, the trader should consider their execution time frame and their money management rules and then look for the appropriate prevailing structure for setting their stop-loss.

Take Profit Targets

Take profit targetting for the tenkan sen/kijun sen cross strategy can be approached in one of two different ways. It can be approached from a day/swing trader perspective where take profit targets are set using key levels, or from a position trader perspective, where the trader does not set specific targets but rather waits for the current trend to be invalidated by a tenkan sen/kijun sen cross transpiring in the opposite direction of their trade.

Case Study

In the 4H chart in Figure II below we can see a bullish tenkan sen/kijun sen cross at point A. Since this cross took place within the kumo itself, it is considered a "neutral" buy signal, thus we wait for price to exit and close above the kumo to confirm this sentiment before placing our long entry. Price does achieve a close above the kumo at point B (1.5918) and we place our long entry at that point. For our stop-loss, we look for the place where our trade sentiment would be invalidated. In this case, the bottom edge of the kumo provides us with just that at point C (1.5872).

Once we place our entry and stop-loss orders, we merely wait for the trade to unfold while keeping an eye out for potential exit signals. Price rises nicely for the next 10 to 11 days and then, on the 15th day of the trade, price drops enough to have the tenkan sen cross below the kijun sen at point D. This is our exit signal, since Ichimoku is telling us that the sentiment has changed, so we close our order at 1.6014 at point E for a total gain of over 95 pips.

FIGURE II - Tenkan Sen/Kijun Sen Cross Case Study

For maximum risk management on this trade, we also could have moved our stop-loss up with price once price was a conservative distance away from our entry. One option for doing this would be to move the stop-loss up with the kumo, keeping it just below the bottom edge. For even tighter risk management, we could have moved our stop-loss with the kijun sen, keeping it 5 to 10 pips below that line as it moved up.

Kijun Sen Cross

The kijun sen cross is one of the most powerful and reliable trading strategies within the Ichimoku Kinko Hyo system. It can be used on nearly all time frames with excellent results, though it will be somewhat less reliable on the lower, daytrading time frames due to the increased volatility on those time frames. The kijun sen cross signal is given when price crosses over the kijun sen. If it crosses the price curve from the bottom up, then it is a bullish signal. If it crosses from the top down, then it is a bearish signal. Nevertheless, like all trading strategies within the Ichimoku Kinko Hyo system, the kijun sen cross signal needs to be evaluated against the larger Ichimoku "picture" before committing to any trade.

In general, the kijun sen cross strategy can be classified into three (3) major classifications: strong, neutral and weak.

STRONG KIJUN SEN CROSS SIGNAL

A strong kijun sen cross Buy signal takes place when a bullish cross happens above the kumo.

A strong kijun sen cross Sell signal takes place when a bearish cross happens below the kumo.

NEUTRAL KIJUN SEN CROSS SIGNAL

A neutral kijun sen cross Buy signal takes place when a bullish cross happens within the kumo.

A neutral kijun sen cross Sell signal takes place when a bearish cross happens within the kumo.

WEAK KIJUN SEN CROSS SIGNAL

A weak kijun sen cross Buy signal takes place when a bullish cross happens below the kumo.

A weak kijun sen cross Sell signal takes place when a bearish cross happens above the kumo.

See the chart in Figure III below for an example of several classifications of the kijun sen cross:

FIGURE III - Kijun Sen Cross Classifications

Chikou span confirmation

As with the tenkan sen/kijun sen cross strategy, the savvy Ichimoku trader will make good use of the chikou span to confirm any kijun sen cross signal. Each of the three classifications of the kijun sen cross outlined above can be further classified based on the chikou span's location in relation to the price curve at the time of the cross. If the cross is a "Buy" signal and the chikou span is above the price curve at that point in time, this will add greater strength to that buy signal. Likewise, if the cross is a "Sell" signal and the chikou span is below the price curve at that point in time, this will provide additional confirmation to that signal. If the chikou span's location in relation to the price curve is the opposite of the kijun sen cross's sentiment, then that will weaken the signal.

Entry

The entry for the kijun sen cross is very straightforward - an order is placed in the direction of the cross once the cross has been solidified by a close. Nevertheless, in accordance with good Ichimoku trading practices, the trader should bear in mind any significant levels of support/resistance near the cross and consider getting a close above those levels before executing their order.

Exit

A trader exits a kijun sen cross trade upon their stop-loss getting triggered when price crossing the kijun sen in the opposite direction of their trade. Thus, it is key that the trader move their stop-loss in lockstep with the movement of the kijun sen in order to maximize their profit.

Stop-Loss Placement

The kijun sen cross strategy is unique among Ichimoku strategies in that the trader's stop-loss is determined and managed by the kijun sen itself. This is due to the kijun sen's strong representation of price equilibrium, which makes it an excellent determinant of sentiment. Thus, if price retraces back below the kijun sen after executing a bullish kijun sen cross, then that is a good indication that insufficient momentum is present to further the nascent bullish sentiment.

When entering a trade upon a kijun sen cross, the trader will review the current value of the kijun sen and place their stop-loss 5 to 10 pips on the opposite side of the kijun sen that their entry is placed on. The exact number of pips for the stop-loss "buffer" above/below the kijun sen will depend upon the dynamics of the pair and price's historical behavior vis-a-vis the kijun sen as well as the risk tolerance of the individual trader, but 5 to 10 pips should be appropriate for most situations. When looking to enter Short, the trader will look to place their stop-loss just above the current kijun sen and when looking to enter Long, the trader will place their stop-loss just below the current kijun sen.

Once the trade is underway, the trader should move their stop-loss up/down with the movement of the kijun sen, always maintaining the 5 to 10 pip "buffer". In this way, the kijun sen itself acts as a "trailing stop-loss" of sorts and enables the trader to keep a tight hold on risk management while maximizing profits.

Take Profit Targets

Take profit targetting for the kijun sen cross strategy can be approached in one of two different ways. It can be approached from a day/swing trader perspective where take profit targets are set using key levels, or from a position trader perspective, where the trader does not set specific targets but rather waits for the current trend to be invalidated by price crossing back over the kijun sen in the opposite direction of their trade.

Case Study

In the 1D chart in Figure IV below for USD/CHF we can see a bullish kijun sen cross at point A. While the initial cross is above the kumo and therefore a relatively strong cross, it is still beneath a very key chikou span level (not visible on this chart), so we wait until we get a close above that key level before entering at point B. At this point, we also have the additional benefit of confirmation from a bullish tenkan sen/kijun sen cross and a nice upward angle to the kijun sen, bolstering our prospects for more bullish price action even more. For our stop-loss, we follow the kijun sen trading strategy guidelines and place it 10 pips below the prevailing kijun sen at point C.

Once we place our entry and stop-loss orders, we merely wait for the trade to unfold while continually moving up our stop-loss with the kijun sen. Price rises nicely for the next 40 days staying well above the kijun sen. After this point, price begins to drop and, on the 44th day, price crosses the kijun sen and hits our stop-loss at point D closing out our trade and netting us a profit of 641 pips.

FIGURE IV - Kijun Sen Cross Case Study

Kumo Breakout

Kumo Breakout trading or "Kumo Trading" is a trading strategy that can be used on multiple time frames, though it is most widely used on the higher time frames (e.g.: Daily, Weekly, Monthly) of the position trader. Kumo breakout trading is the purest form of trend trading offered by the Ichimoku charting system, as it looks solely to the kumo and price's relationship to it for its signals. It is "big picture" trading that focuses only on whether price is trading above or below the prevailing kumo. In a nutshell, the signal to go long in Kumo breakout trading is when price closes above the prevailing kumo and, likewise, the signal to go short is when price closes below the prevailing kumo.

See the chart in Figure V below for an example of a kumo breakout buy signal:

Entry

The entry for the kumo breakout trading strategy is simple - when price closes above/below the kumo, the trader places a trade in the direction of the breakout. Nevertheless, care does need to be taken to ensure the breakout is not a "head fake" which can be especially prevalent when the breakout takes place from a flat top/bottom kumo. To ensure the flat top/bottom is not going to attract price back to the kumo, it is always advisable to look for another Ichimoku structure to "anchor" your entry to just above/below the kumo breakout. This anchor can be anything from a key level provided by the chikou span, a kumo shadow or any other appropriate structure that could act as additional support/resistance to solidify the direction and momentum of the trade.

Kumo breakout traders also make good use of the leading kumo's sentiment before committing to a trade. If the leading kumo is a Bear kumo and the kumo breakout is also Bear, then that is a very good sign that the breakout is not an aberration of excessive volatility, but rather a true indication of market sentiment. If the leading kumo contradicts the direction of the breakout, then the trader may want to either wait until the kumo does agree with the direction of the trade or use more conservative position sizing to account for the increased risk.

Exit

The exit from a kumo breakout trade is the easiest part of the whole trade. The trader merely waits for their stop-loss to get triggered as price exits the opposite side of the kumo on which the trade is transpiring. Since the trader has been steadily moving their stop-loss up with the kumo during the entire lifespan of the trade, this assures they maximize their profit and minimize their risk.

Stop-Loss Placement

Being a "big picture" trend trading strategy, the stop-loss for the kumo breakout strategy is placed at the point that the trend has been invalidated. Thus, the stop-loss for a kumo breakout trade must be placed on the opposite side of the kumo that the trade is transpiring on, 10 - 20 pips away from the kumo boundary. If price does manage to reach the point of the stop-loss, the trader can be relatively assured that a major trend change has taken place.

Take Profit Targets

While traditional take profit targets can be used with the kumo breakout trading strategy, it is more in-line with the long-term trend trading approach to simply move the stop-loss up/down with the kumo as it matures. This method allows the trade to take full advantage of the trend without closing the trade until price action dictates unequivocally that the trend is over.

Case Study

In the Weekly chart in Figure VI below for AUD/USD we can see a bearish kumo breakout taking place at point A. We also see that that leading kumo is distinctly bearish as well, which acts to confirm our breakout sentiment. Given that price is exiting from a flat-bottom kumo and that we want to reduce any risks of entering on a false breakout, we look for a close below the last chikou span support at .7600 before entering. The close we are looking for is achieved shortly thereafter at point B and we enter short.

For our stop-loss, we follow the kumo breakout guideline of placing it 10 - 20 pips away from the opposite side of the kumo where our breakout is taking place. In this case, we place it 20 pips away from the top of the kumo above our entry candle at point C (.7994).

Once we place our entry and stop-loss orders, we merely wait for the trade to unfold while continually moving our stop-loss down with the prevailing kumo. Given that we are using the Weekly chart as our execution time frame, we prepare ourselves for a very long-term trade. In this case, nearly two years later, price rises enough to break out of the kumo to the other side, where it triggers our buy order some 20 pips away at point D netting us over 1100 pips in the process.

FIGURE VI - Kumo Breakout Case Study

Senkou Span Cross

The senkou span cross is one of the lesser known trading strategies within the Ichimoku Kinko Hyo system. This is mostly due to the fact that the senkou span cross tends to be more commonly used as an additional confirmation with other trading strategies rather than being used as a standalone trading strategy in its own right. However, it is nonetheless a solid trend trading strategy and can definitely be used on its own.

Given that the senkou span cross strategy, like the kumo breakout trading strategy, utilize the kumo for signal generation, it is best employed on the longer time frames of the Daily chart and above. The senkou span cross signal is given when the senkou span A line crosses over the senkou span B line of the kumo. If the senkou span A crosses the senkou span B from the bottom up, then it is a bullish signal. If it crosses from the top down, then it is a bearish signal. Nevertheless, like all trading strategies within the Ichimoku Kinko Hyo system, the senkou span cross signal needs to be evaluated against the larger Ichimoku "picture" before committing to any trade.

The thing to keep in mind with the senkou span cross strategy is that the "cross" signal will take place 26 periods ahead of the price action as the kumo is time-shifted 26 periods into the future. This relationship is obvious when one looks at the current price on a live chart, but less so when looking at historical price action. In addition, while all Ichimoku strategies should be exercised with the larger Ichimoku picture in mind, this is particularly important with the senkou span cross. Thus, determining the overall trend on higher time frames first and then taking only senkou span signals that align with that trend on the lower timeframes is the best implementation of the senkou span strategy.

In general, the senkou span cross strategy can be classified into three (3) major classifications: strong, neutral and weak.

STRONG SENKOU SPAN CROSS SIGNAL

A strong senkou span cross signal takes place when the price curve is on the side of the kumo that matches the sentiment of the

senkou span cross.

NEUTRAL SENKOU SPAN CROSS SIGNAL

A neutral senkou span cross signal takes place when the price curve is inside the kumo at the time of the senkou span cross.

WEAK SENKOU SPAN CROSS SIGNAL

A weak senkou span cross signal takes place when the price curve is on the opposite side of the kumo that matches the

sentiment of the senkou span cross.

The chart in Figure VII below shows some classifications of the senkou span cross. The dashed vertical lines represent the 26-period relationship between price and the senkou span cross. Thus, point A represents a bullish senkou span cross that can be categorized as a "strong" buy signal due to the fact that price (point B), at the point of the cross, was trading above the kumo. Likewise, point C represents a bearish senkou span cross that generated a strong sell signal due to price's location at point D below the kumo. The senkou span cross at Point E generated a neutral buy signal since price (point F) was trading within the kumo at that point.

FIGURE VII - Senkou Span Cross Classifications

Entry

The entry for the senkou span cross trading strategy is relatively simple, though, as mentioned above, entries do require even more attention to the overall trend on higher time frames before executing any trades. After determining the trend on the higher time frames, the trader looks for a fresh senkou span cross in the same direction as the overall trend that has been solidified by a close on the execution time frame. Once they identify a suitable opportunity, they initiate a position in the direction of the senkou span sentiment. As in all Ichimoku trading strategies, traders will be well-advised to consider the relative strength of the cross (vis-a-vis price's location relative to the kumo) as well as the sentiment provided by the remaining Ichimoku components at the time of the cross in order to ensure the most optimum entry.

It is worth mentioning here that the strong bull (buy) signal outlined in our first chart that took place in April of 2005, while technically strong from a 1D perspective, was not aligned with the overall downtrend in-place on the Weekly and Monthly charts. Thus, traders taking this trade signal and using a senkou span cross in the opposite direction as their exit signal would have actually lost pips. This underscores the importance of evaluating sentiment on multiple time frames and trading with the overall trend.

Exit

The exit from a senkou span cross trade is generally signalled by a senkou span cross in the opposite direction of the trade, though other exit signals may be taken depending upon the trader's risk tolerance and profit goals.

Stop-Loss Placement

Being a "big picture" trend trading strategy like the kumo breakout strategy, the stop-loss for the senkou span cross strategy is placed on the opposite side of the kumo that the trade is transpiring on, 10 - 20 pips away from the kumo boundary.

Take Profit Targets

While traditional take profit targets can be used with the senkou span cross trading strategy, it is more in-line with the long-term trend trading approach to wait for a senkou span cross to transpire in the opposite direction of the trade before closing out the position. This method allows the trade to take full advantage of the trend without closing the trade until price action dictates unequivocally that the trend is over.

Case Study

In the Daily chart in Figure VIII below for USD/CAD we can see a bearish senkou span cross at point A. This cross corresponds to the candle at point B. Since the candle closed just below the kumo, the signal is considered a strong one given that its sentiment agrees with the sentiment of the bearish senkou span cross. In addition, we confirm that the direction of this signal is aligned with the overall downtrend in-place on the Weekly and Monthly time frames, so we know that we are trading with the trend. Nevertheless, we are wary of the flat bottom kumo just to the right of the candle, which could act as an attractor for price, so we look for a conservative entry point that will ensure we will not get caught in any false breakouts. The last chikou span support at 1.2292 looks like a good anchor point for assuring this. Price closes below this point a couple of days later at 1.2290 and we enter short at point C.

For our stop-loss, we follow the kumo breakout guideline of placing it 10 - 20 pips away from the opposite side of the kumo where our trade is taking place. In this case, we place it 20 pips away from the top of the kumo above our entry candle at point D (1.2542).

Once we place our entry and stop-loss orders, we wait for the trade to unfold while continually moving our stop-loss down with the prevailing kumo. In this case, a bit more than four months later, price ranging has created a fresh senkou span cross in the opposite direction of our trade at point E, corresponding to the candle at point F where we close out our trade at 1.1908, netting us over 380 pips in the process.

FIGURE VIII - Senkou Span Cross Case Study

Chikou Span Cross

For those that have been using the Ichimoku Kinko Hyo charting system for any length of time, utilizing the chikou span cross strategy should be like second nature. Why? Because the chikou span cross is essentially the "chikou span confirmation" that savvy Ichimoku traders utilize to confirm chart sentiment before entering any trade. This confirmation comes in the form of the chikou span crossing through the price curve in the direction of the proposed trade. If it crosses through the price curve from the bottom up, then it is a bullish signal. If it crosses from the top down, then it is considered a bearish signal.

Thus, we already know the power of the chikou span cross via its use as a confirmation strategy. However, when used within some simple guidelines, the chikou span cross can be used as its own standalone trading strategy with very good success.

Like many other Ichimoku trading strategies, the chikou span cross strategy uses price's relationship to the kumo to categorize its signals into three (3) major classifications: strong, neutral and weak.

STRONG CHIKOU SPAN CROSS SIGNAL

A strong chikou span cross Buy signal takes place when a bullish cross takes place and current price is above the kumo

A strong chikou span cross Sell signal takes place when a bearish cross takes place and current price is below the kumo.

NEUTRAL CHIKOU SPAN CROSS SIGNAL

A neutral chikou span cross Buy signal takes place when a bullish cross takes place and current price is within the kumo

A neutral chikou span cross Sell signal takes place when a bearish cross takes place and current price is within the kumo.

WEAK CHIKOU SPAN CROSS SIGNAL

A weak chikou span cross Buy signal takes place when a bullish cross takes place and current price is below the kumo

A weak chikou span cross Sell signal takes place when a bearish cross takes place and current price is above the kumo.

The chart in Figure IX below provides several examples of the chikou span cross. Given the fact that the chikou span is a measure of closing price shifted 26 periods into the past, we must always keep in mind both the location of the chikou span in relation to the price curve (the "cross" itself) and the current candle and its relation to the kumo. Thus, Point A1 is the point where the chikou span crossed the price curve downward and Point A2 is the closing candle that initiated that bearish cross. However, since the candle at Point A2 was above the prevailing kumo at the point of the cross, this particular signal would be categorized as a "weak" bearish cross. A strong bullish cross can be seen in Points B1 and B2 since the chikou span crossed upward through the price curve and the closing candle at that point in time was above the prevailing kumo. Points C1 and C2 represent a weak bearish cross given that they transpired above the prevailing kumo.

Entry

The entry for the chikou span cross is relatively straightforward - the trader initiates a position in the direction of the chikou span cross after taking into consideration the cross's strength and other chart signals. For the highest probability of success, the trader will also look for the chikou span itself to be free of the kumo as the chikou span can often interact with the kumo much like the price curve.

Exit

The most traditional exit for a chikou span cross trade is generally signalled by a chikou span cross in the opposite direction of the trade, though other exit signals may be taken depending upon the trader's risk tolerance and profit goals.

Stop-Loss Placement

The chikou span strategy does not dictate use of any particular Ichimoku structure for stop-loss placement, like some other strategies do. Instead, the trader should consider their execution time frame and their money management rules and then look for the appropriate prevailing structure for setting their stop-loss.

Take Profit Targets

Take profit targetting for the chikou span cross strategy can be approached in one of two different ways. It can be approached from a day/swing trader perspective where take profit targets are set using key levels, or from a position trader perspective, where the trader does not set specific targets but rather waits for the current trend to be invalidated by a chikou span cross transpiring in the opposite direction of their trade.

Case Study

In the Daily chart in Figure X below for USD/CHF we can see a bullish chikou span cross at point A. However, while it is technically a strong cross, the chikou span is still below significant resistance provided by the two chikou span points at 1.2090. In addition, the tenkan sen and kijun sen are in a flat configuration which doesn't provide any additional confirmation. Thus we wait for a more convincing setup before entering Long. This is achieved five (5) days later at Point B1 when the chikou span moves back up through the price curve after a brief dip below. We wait for the daily candle to close and then enter long at 1.2164 at Point B2. Our confidence in this entry is increased by the bullish tenkan sen/kijun sen cross that has since transpired.

For our stop-loss, we consider the prevailing structures and decide to place it just below the kijun sen at 1.1956, since a cross below that point will not only have the chikou span executing a fresh bearish cross, but also have price executing a bearish kijun sen cross, both of which would invalidate our long position.

Once we place our entry and stop-loss orders, we wait for the trade to unfold. Depending upon our trading style, we could opt to trail our stop-loss along with the kijun sen to keep a tighter rein on risk management or we could utilize the more traditional method of waiting for a chikou span cross in the opposite direction of our trade. In this case, a chikou span cross in the opposite direction takes place just under two months later (Point C1) at 1.2619 (Point C2) and we close out our trade for a gain of over 450 pips. It is worth noting that, even though the chikou span cross on its own would be considered technically "weak" due to its location above the kumo, it is bolstered by a bearish tenkan sen/kijun sen cross to form a bearish three-line pattern. Alternatively, if we had chosen to use the kijun sen as our trailing stop in this trade, instead of waiting for a chikou span cross, we would have exited somewhere around the 1.2735 level, which would have netted us over 560 pips.

FIGURE X - Chikou Span Cross Case Study

The Three Drives Pattern

2009-08-03T14:11:00.001+05:00

Although it was not specifically identified, one of the first references to a Three Drives pattern was outlined in Robert Prechter's book, "Elliot Wave Principle." He described the general nature of price action that possessed either a three-wave or a five-wave structure. Adapted from this principle, symmetrical price movements that possess identical Fibonacci projections in a 5- wave price structure constitute a Three Drives pattern. The patterns importance of other larger retracements and projections improved the accuracy of the pattern in real trading situations. The book was one of the first to emphasize the the critical aspect of this pattern that each drive complete precisely at consecutive harmonic ratios - either a 1.13, 1.27 or a 1.618. Also, the price legs should possess clear symmetry with each drive forming over equivalent time periods.

Bullish
Bearish

The Ideal Butterfly Pattern

2009-08-03T14:09:00.001+05:00

The structure of the Butterfly pattern was discovered by Bryce Gilmore. In my experience, I believe an Ideal Butterfly Pattern, which requires specific Fibonacci ratio to define the structure - including a mandatory 0.786 retracement of the XA leg as the B point - offers more precise Potential Reversal Zones (PRZ) and more significant trading opportunities. Also, the Butterfly pattern must include an AB=CD pattern to be a valid signal. Frequently, the AB=CD pattern will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) BC projection. These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all-time (new highs/new lows) price levels.

Bullish
Bearish

The AB=CD Pattern

2009-08-03T14:06:00.001+05:00

The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.27 or 1.618. It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection. A .786 retracement at the C point will result in a 1.27 projection. The most important consideration to remember is that the BC projection should converge closely with the completion of the AB=CD.

Bullish
Bearish

The Crab Pattern

2009-08-03T14:03:00.002+05:00

The Crab is a Harmonic pattern discovered by Scott Carney in 2000. This pattern is one of the most precise of all the Harmonic patterns. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg. The pattern requires a very small stop loss and usually provides an almost exact reversal in the Potential Reversal Zone.

Bullish
Bearish

The Gartley Pattern

2009-08-03T13:55:00.002+05:00

The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements. Specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.

Bullish
Bearish

The Bat Pattern

2009-08-03T13:50:00.002+05:00

The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat is extended and usually requires a 1.27AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

Bullish
Bearish

The 5-0 Pattern

2009-08-03T12:37:00.009+05:00

The 5-0 Pattern is a unique structure that possesses a precise alignment of Fibonacci ratios to validate the pattern. Although the 5-0 is considered a retracement pattern, as the

50% retracement is the most critical number within the Potential Reversal Zone, the measurements of the various price legs are slightly different than the Bat or the Gartley. The 5-0 is within the family of 5-point harmonic reversal structures and is primarily defined by the structure’s B point – as is mandatory for all harmonic patterns. However, the 5-0 requires a reciprocal AB=CD measurement to define the pattern’s completion. The basic premise of the pattern is to identify distinct reactions following the

completion of a contrary trend. Valid 5-0 patterns typically represent the first pullback of a significant trend reversal. In many instances, the AB leg of the structure is a failed final wave of an extended trend. Within Elliott Wave terms, the AB leg may be a failed wave

3 of a corrective "abc" or a failed wave 5 of an entire completed trend. Although these are obvious similarities, from the Harmonic Trading perspective, it is important to examine the structure via its relative Fibonacci measurements to satisfy the pattern requirements.

The 5-0 is an incredibly precise pattern that possesses only two numbers – the 50% retracement of the BC leg and the Reciprocal AB=CD. It is important to note that the measurements utilized to define the Potential Reversal Zone (PRZ) are different from all other harmonic patterns in two distinct ways.

50% BC Projection Defines the Pattern’s Completion Point:

In most cases, the XA leg is the defining measurement of the pattern’s completion, while the BC projection is normally a complimentary number. But, the 5-0 pattern utilizes the 50% BC retracement as the defining limit in the set up.

Reciprocal AB=CD:

The 5-0 pattern incorporates a new type of AB=CD measurement - a Reciprocal AB=CD pattern. A Reciprocal AB=CD pattern is typically a shorter counter move of equal length within a longer trend. They look like a lazy “Z” or “S.”

The Reciprocal AB=CDs within the specific 5-0 structure are quite effective in defining a precise area for a potential reversal. Although the 50% retracement is the most important number at the pattern completion point, it is still essential to examine the entire range.

Basic 5-0 Requirements

Although the pattern incorporates 5 points within the structure (X, A, B, C, D), the starting point of the structure (0) can be the beginning of any extended price move. However, the initial point X must possess a specific alignment with respect to the A and B point. The X, A , B formation of the structure is usually some type of impulse move. The XA projection that defines the B point can not exceed a 1.618. Any extension greater than a 1.618 will negate the structure, as smaller impulse moves are preferred. Again, this is the failed wave 3 or wave 5 – in Elliott Wave terms – that establishes the rest of the structure.

The BC leg is the longest price length of the structure and must be at least a 1.618 extension of the AB length but it must not exceed 2.24. This tight range of 1.618-2.24 is a defining element of the structure. If the 1.618 minimum limit is not reached, the structure is not a valid

5-0.

After the BC leg has reversed from that zone, the 50% retracement is measured from the B point to the C point. In addition, the Reciprocal AB=CD is projected from the C point (an equivalent length of the AB leg) to compliment the Potential Reversal Zone (PRZ). The following illustrations and examples will clearly explain these concepts.

The Bullish 5-0 Pattern

The Bullish 5-0 starts at the 0 point, representing an extended down leg to begin the pattern at X. The initial point X acts as the low of this prior substantial decline. After a quick reactive bounce to the A point, the structure abruptly continues the decline, only to find support slightly past the prior low at X. This is the failed wave 3 or wave 5 – in Elliot Wave terms – that establishes the rest of the structure. However, the important limits from the Harmonic Trading perspective requires that this X, A extension be at least a 1.13 but not greater than a 1.618.

After that impulsive failed wave is established, the BC leg rallies to at least a 1.618 extension of the AB length but it does not exceed 2.24. Again, this tight range of 1.618-2.24 is a defining element of the structure. If the 1.618 limit is not reached, the structure is not a valid

5-0.

After the BC leg has reversed from that zone, the bullish 50% retracement is measured from the B point to the C point. In addition, the Reciprocal AB=CD is projected from the C point (an equivalent length of the AB leg) to compliment the Potential Reversal Zone (PRZ). It will take some time to begin to identify this structure but the obvious characteristic is the failed down wave followed by a precise 1.618-2.24 extension. At that point, it is important to calculate the 50% retracement level with the Reciprocal AB=CD and study the price action in the PRZ.

Dow Jones Industrial Average

($INDU): 5-Minute

This intra-day chart of the Dow Jones Industrial Average exemplifies an ideal 5-0 structure. After an extended decline from 9855, the index bounced (A) and then declined a bit further taking out the prior low (X) in an intra-day shake out to the 1.13 extension, before rallying in the mid-afternoon to the C point.

After rolling over at the 2.0 extension, the 5-0 was set up with the 50% retracement at 9838 and the Reciprocal AB=CD at 9839. The index reversed sharply after exceeding this area slightly.

Millennium Pharmaceutical

(MLMN): Weekly

This chart of Millennium Pharmaceutical demonstrates the effectiveness of the pattern in longer-term situations. After declining steadily in through 2002, the stock completed a failed down wave that nominally took out the prior low in early 2003 before rallying sharply to the

2.0 projection of the AB leg.

The stock rolled over to retest the 50% level before resuming the up trend. The Reciprocal AB=CD complimented the 50% retracement just under the $12 level, defining a precise area between 11.50-12.30 to buy the stock.

Standard and Poor’s 500 June 2004 Mini-Contract

(ES_M4): 60-Minute

This chart of the ES was illustrated in advance. The structure was quite distinct and the 50% retracement was calculated at 1113. In addition, the Reciprocal Bullish AB=CD was projected to complete in the same exact area.

The Bearish 5-0 Pattern

The Bearish 5-0 starts at the 0 point, representing the low of an extended rally up to the initial point of the pattern at X. The initial point X sets up the failed break out area, where the rally from the A point to the B peak, nominally takes out the prior high at X. Again, this is the failed wave 3 or wave 5 – in Elliot Wave terms – that establishes the rest of the structure.

Remember, this X, A extension must be at least a 1.13 but not greater than a 1.618. After that impulsive failed wave is established, the BC leg declines to at least a 1.618 extension of the

AB length but it does not exceed 2.24. Again, this tight range of 1.618-2.24 is a defining element of the structure. If the 1.618 limit is not reached, the structure is not a valid 5-0. After the BC leg has reversed from that zone, the bearish 50% retracement is measured from the B point to the C point. In addition, the Bearish Reciprocal AB=CD is projected from the C point (an equivalent length of the AB leg) to compliment the Potential Reversal Zone (PRZ).

AMEX Oil Index

($XOI): Daily

This is a fantastic example of a Bearish 5-0 structure that possessed the ideal Fibonacci alignment to validate the pattern. After a long rally, the index made an initial peak at the X point, pulled back to point A and reversed sharply at the B point, establishing the failed wave or triangle of the 5-0 structure.

Pattern, Harmonics & Market Geometry

2009-08-03T12:33:00.009+05:00

MetaTrader5 Comming Soon!

2009-07-15T13:53:00.003+05:00

Metatrader 5 is currently in development. It will be released in fall 2009. The public beta will be soon available. The development of MQL5 is now in closing stage.

The trading system of the MetaTrader 5 terminal was re-written from scratch, as well as the whole platform. As compared to MetaTrader 4, trading possibilities of the new terminal are much wider. First of all, the MetaTrader 5 terminal allows working in various markets. Directly from the terminal you will be able both to execute trading operation in Forex and work with options, futures and stocks.

Secondly, in addition to already familiar Market Watch, the Depth of Market will be available in MetaTrader 5. This tool is necessary for working in stock markets. Thirdly, the order system is extended: the total number of order types is equal to 5 (in MetaTrader 4 there are 4 types of orders).MetaTrader 5 terminal supports 4 types of operation execution: Market, Instant, Request and Exchange. The new execution type Exchange is developed for processing trade operations with stock symbols.Profound differences between notions of position, order and trade appeared in MetaTrader 5. Order is a request to execute a trade operation, the result of which can be a trade. A position is the total state of trades on a certain financial security. Any financial security can have only one position.

Differences between trade positions in MetaTrader 4 and MetaTrader 5
Special reports are available in the new terminal for the convenient analysis of trading activities. Reports show not only initial and final deposit values, but also other parameters. Using these reports, you will know such results of your trading as, for example, GHPR, Z-score, Profit Factor and others.

Analytics

Analyzing price dynamics of financial securities is the most important component of a successful trading experience. In MetaTrader 5 we tried to provide traders with as many analytical tools as possible.

Three types of charts are available in MetaTrader 5: broken line, Japanese candlesticks and bars. For the analysis of these data 38 built-in indicators, 39 graphical objects and the large variety of MQL5 indicators can be used. All these analytical tools can be combined in different ways: objects can be applied to indicators; indicators can be built on the basis of other indicators and so on.

The history of quotes in MetaTrader 5 is stored only in M1 form and all charts are built based on them. This solution allows extending the number of timeframes up to 21, so that any period from minute to month can be used to analyze quotes. The main limitation on timeframes is their multiplicity: one hour must contain the integer number of minute periods. The following timeframes comply with this rule: M1, M2, M3, M4, M5, M6, M10, M12, M15, M20 and M30.

Besides, format of history data storing in MetaTrader 5 is space-efficient. For example, M1 history of GBPUSD quotes for ten years occupies about 10 MB only. This history being downloaded once, you will be able to build any charts on this symbol starting from M1 till MN1.

Autotrading

The integrated development environment MQL5 is responsible for the development and use of Expert Advisors, custom indicators and scripts in MetaTrader 5. It includes MetaEditor 5, MetaTrader 5 Strategy Tester and MetaQuotes Language 5 (MQL5).

The MQL5 language for programming trading strategies is distinct for high speed of execution and approaches C++ in terms of this parameter. As compared to MQL4, the new language is 4-20 times quicker. This allows using more complex Expert Advisors able to process large amounts of data per time unit and therefore obtain more precise forecasts of price dynamics. Besides, the new language is object-oriented which makes the development of Expert Advisors quicker and easier.

For writing Expert Advisors MetaEditor 5 is used, which includes the new IntellySence system. It automatically completes various constructions of the language thus quickening the EA development process. The built-in debugger allows to quickly find errors and fix them. After the EA is ready and its compilation is performed, it automatically appears in the terminal and can be immediately started to work in the market.

MetaTrader 5 Strategy Tester is a very powerful tool for any developer of Expert Advisors. It helps to obtain results of an EA behavior on the history before using it in real trading. Detailed reports on a trading system allow to estimate the Expert Advisor and detect its weak points, as well as to compare the EA with other developments. Besides, optimization of Expert Advisors allows to define the most efficient parameters of their variables and make the EA maximally profitable.

News

2009-07-15T13:52:00.001+05:00

MetaTrader5 Client Terminal

Trading Systems

2009-07-09T14:02:00.006+05:00

Download Free MT4 Indicators

2009-07-09T13:58:00.000+05:00

Download - Part1
Download - Part2
Download - Part3

Download Free MT4 Indicators

2009-07-02T16:25:00.001+05:00

JDFilter#.mq4
JDFilter.mq4
JDFilter_htf.mq4
JDMoving Avereges_Channel.mq4
JFatl.mq4
JFatl_Deviation.mq4
JFatl_htf.mq4
JFatl_TrendSignal.mq4
JFatls_Channel.mq4
JFatlSpeed.mq4
JFatlSpeedR.mq4
JFRAMA.MQ4
JJMA.MQ4
JJMA_Channel.mq4
JJMA_htf.mq4
Jjma_www.forex-instruments.info.mq4
JJRSX.mq4
JJurX.mq4
JJurX_TrendSignal.mq4
JK_BullP_AutoTrader.mq4
JLite.mq4
JLRMA.MQ4
JLSMA.MQ4
Jma_www.forex-instruments.info.mq4
JMACD.MQ4
JMACDf.mq4
JMACDX.MQ4
JMomentum.mq4
JMorris MA.mq4
JMoving Avereges.mq4
JMoving Avereges_Channel.mq4
JNRTRX.MQ4
JParMA.mq4
JParMA_TrendSignal.mq4
JPrice Channel.mq4
JRSX.MQ4
JsNRTR.mq4
JStochastic.mq4
JTRIX.MQ4
Juice StdDev with Histogram LA.mq4
Juice.mq4
JuiceLevelsAlert.mq4
JuiceLevelsAlertNew.mq4
JurX.mq4
JurX_TrendSignal.mq4
JVEL1.MQ4
JVIDYA.mq4
KAMA.MQ4
Kaufman2.mq4
Kaufman.mq4
Kaufman_Bands.mq4
Keltner Channel.mq4
Keltner Channels.mq4
Kijun-sen+.mq4
KijunTenkan+.mq4
LabTrend2_v1.mq4
LabTrend3_v1.mq4
Laguerre.mq4
Larry.mq4
level.mq4
Linear Price Bar.mq4
LSMA1.mq4
m1v11(killerkhan).mq4
MA_Crossover_Signal.mq4
MA_Crossover_Signal_With_wav.mq4
MACD 5-34-5.mq4
MACD Sample.mq4
MACD.mq4
MakeGrid_GbpUsd_Daily.mq4
martingeil1-51.mq4
matunnel.mq4
Median.mq4
MFI.mq4
MIndex.mq4
Momentum.mq4
Moving Average.mq4
moving averages1.mq4
Moving Averages.mq4
MTF Center of Gravity.mq4
MTF_Juice.mq4
Multi_Lot_Scalper_P_D1_JLY4.mq4
Murrey_Math_Modified1.mq4
Murrey_Math_Modified.mq4
Murrey_Math_MT4_Period_VG.mq4
Murrey_Math_MT4_VG.mq4
MyFriend.mq4
nextbar.mq4
Nina_StepMA_1_Custom3.mq4
NRTR1.mq4
NRTR WATR1.mq4
NRTR WATR.mq4
NRTR.mq4
NRTR_dots1.mq4
NRTR_EXP.mq4
NRTR_Line1.mq4
NRTR_Pilot911.mq4
NRTR_Pilot_alert.mq4
OBV.mq4
OpenGraphics_Expert.mq4
OsMA.mq4
NRTR_Pilot_alert.mq4
OBV.mq4
OpenGraphics_Expert.mq4
OsMA.mq4
Parabolic Sub.mq4
Parabolic.mq4
Paramon_Scalp.mq4
PCCI.mq4
Phat_TD_REI.mq4
Phat_ZigZag.mq4
Phoenix_4_CONTEST.mq4
pipsutorEURUSD.mq4
Pivot Lines.mq4
Pivot.mq4
PivotCustom_4TimeFrames.mq4
PivotCustomTime.mq4
Price Channel.mq4
PriceChannel_Stop.mq4
PV_Murrey_Math.mq4
PV_Murrey_Math_4l.mq4
RAVI.mq4
RBCI BVV1.mq4
RBCI.mq4
RBCI_hist.mq4
RD-ForecastOsc.mq4
Renko_v1.mq4
RIDI_LEVELS_MT4.mq4
ROC.mq4
Roc_www.forex-instruments.info.mq4
RPoint.mq4
RSI-TC.mq4
RSI-TC_NEW.mq4
RSI.mq4
RSItrend.mq4
RSX.mq4
Rutka1_50SMMA.mq4
RVI.mq4
Rvi_www.forex-instruments.info.mq4
rvmGann_sv6.mq4
sashken.mq4
SATLs.mq4
Schaff Trend Cycle.mq4
Schaff Trend.mq4
SDX- 8h.mq4
SDX-ZoneBreakout-Lud-Z1-v2.mq4
SDX-ZoneBreakout-Lud-Z2-v2.mq4
SDX__8h.mq4
SelfAdjustRSI_v1.mq4
SemiLong.mq4
serg_martini2.mq4
SHI_Channel_Colour_Talk.mq4
SHI_Channel_true.mq4
SHI_Mod.mq4
SHI_Mod_vLine.mq4
SHI_SilverTrendColourBars.mq4
SHI_SilverTrendColourBars1.mq4
SHI_SilverTrendSig.mq4
Silver-channels+.mq4
Silver-channels.mq4
SilverMACD+.mq4
SilverTrend.mq4
SilverTrend_Signal With Alert v3.mq4
SilverTrend_Signal.mq4
SilverTrendSignal.mq4
SMI.mq4
STARC Bands.mq4
StepMA_3D_v1.mq4
StepMA_Color_v2.mq4
StepMA_Stoch_v1.mq4
StepMA_v1.mq4
StepMA_v2.mq4
StepMA_v3.mq4
StepRSI_v2.mq4
StepSto_v1.mq4
STLM2.mq4
STLM_hist.mq4
STLMs.mq4
Stoch_Alert_v1.mq4
Stochastic.mq4
Stochastic_rsi_www.forex-instruments.info.mq4
StochRSI.mq4
Stocrsi_2_www.forex-instruments.info.mq4
stopreversal.mq4
StrangeIndicator.mq4
StratoTriggerlines.mq4
super-signals_v1.mq4
SuperWoodieCCI.mq4
Support and Resistance (Barry).mq4
T3 Bands.mq4 .mq4
T3 Taotra.mq4
T3.2Bollinger Bands.mq4
T3.4Bollinger Bands.mq4
T3.6Bollinger Bands.mq4
T3.6DigBollinger Bands.mq4
T3.mq4
T3.Taotra.mq4
T3_DPO-v1.mq4
T3_iAnchMom.mq4
T3_iAnchMom_hist.mq4
t3_Moving_Volume_Average.mq4
T3_RSI.mq4
T3Moving Avereges_Channel.mq4
Taf.mq4
TD Sequential.mq4
TD_Points&Line_mgtd1.mq4
TD_REI.mq4
TD_Sequential.mq4
TDI.mq4
Three_Color.mq4
TMA.mq4
Tracert.mqh
Trend.mq4
TrendManager.mq4
Trendsignal.mq4
TrendstrenghtEMA.mq4
TrendStrengthTrio.mq4
TrendTriggerMod.mq4
Trigger Line.mq4
Triggerlines.mq4
TriggerLinesAlert.mq4
TSD-v11-MT4-JB-OsMA(2).mq4
TSD-v11-MT4-JB-OsMA.mq4
TSI Signals.mq4
TSI-Osc.mq4
TSI.mq4
TTF.mq4
TTF_hist.mq4
Ultitimate Oscillator.mq4
Ultitimate_oscillator_www.forex-instruments.info.mq4
UROVNI-MT4.mq4
V-T&Bv6.mq4
Vegas Currency Daily.mq4
Vegas Currency.mq4
VGridCycle_H4.mq4
VGridLinesD4.LC.mq4
VGridLinesX4.LC.mq4
volumeMA.mq4
VWB.mq4
WcciChart.mq4
WcciPaterns.mq4
WeeklyPivot.mq4
WeightedCCI.mq4
wlxBWACsig.mq4
wlxBWAOsig.mq4
wlxBWWiseMan-1.mq4
wlxBWWiseMan-2.mq4
wlxFractals.mq4
Wolf.mq4
WoodiesCCI.mq4
WPRfast.mq4
WPRslow.mq4
X0diagram1.mq4
XAOS PATTERNS EXPLORER .mq4
XO.mq4
XO_Alert.mq4
Z-Z1.mq4
ZeroLagStochsSignals.mq4
ZigZag.mq4
ZigZag_NK.mq4
ZigZagE.mq4
Zmei_trader.mq4
ZZ MTF XO A.mq4
ZZ 4 TF XO.mq4

Download Free MT4 Indicators

2009-07-02T16:20:00.001+05:00

#a-ang_Zad_(C).mq4
#BrainTrend2Stop.mq4
#Data-Window.mq4
#MAMA.mq4
#MM-TimeFrame-2007.mq4
#MTF Forex freedom Bar(2).mq4
#MTF Forex freedom Bar.mq4
#MTF MACD X.mq4
#MTF_BrainTrend1.mq4
#MTF_BrainTrend1Sig.mq4
#MTF_BrainTrend1Stop.mq4
#MTF_BrainTrend1StopLine.mq4
#MTF_BrainTrend2.mq4
#MTF_BrainTrend2Sig.mq4
#MTF_BrainTrend2Stop.mq4
#MTF_BrainTrend2StopLine.mq4
#MTF_Float.mq4
#MTF_LPB.mq4
#MTF_XO_A.mq4
#SuperWoodieCCI.mq4
#Xard-Indy-0602.mq4
#ZigZag1.mq4
#ZigZag Pointer.mq4
#ZZ Xard.mq4
^Dyn_AllLevels.mq4
^Dyn_Pivot.mq4
^Dyn_Range2.mq4
^Dyn_Range.mq4
^Pivot_AllLevels.mq4
^Pivot_PP.mq4
^Pivot_ResSup.mq4
^Pivot_ResSup2.mq4
2EMA_systemv032.mq4
3c_FTLM,STLM.mq4
3c_J2JLite.mq4
3c_J2JMA.mq4
3c_JAccelerator1.mq4
3c_JADX.mq4
3c_JAMA.mq4
3c_JCCIX2.mq4
3c_JCCIX.mq4
3c_JDemark.mq4
3c_JDemarkX.mq4
3c_JDFilter.mq4
3c_JFatl.mq4
3c_JJMA.mq4
3c_JJRSX1.mq4
3c_JJRSX2.mq4
3c_JJRSX.mq4
3c_JJurX.mq4
3c_JLite.mq4
3c_JMACD.mq4
3c_JMACDf.mq4
3c_JMACDX.mq4
3c_JMomentum.mq4
3c_JMoving Avereges.mq4
3c_JParMA.mq4
3c_JRSX.mq4
3c_JRVI.mq4
3c_JTRIX.mq4
3c_JurX.mq4
3c_JVEL1.mq4
3c_JVEL1J.mq4
3colorMACD.mq4
3D Oscilator.mq4
3LineBreak.mq4
3LineBreakR.mq4
4c_Parabolic.mq4
33_M3.mq4
4PMA.Psars.Rgrssn.STD.V2.mq4
50MAcrossv01.mq4
100 pips.mq4
accelerator.mq4
Accumulation.mq4
Adaptosctry_www.forex-instruments.info.mq4
AdaptTS.mq4
adx.mq4
ADXCROSS.mq4
All_usd_pair.mq4
Alligator3.mq4
alligator.mq4
AltrTrend.mq4
AltrTrend_Signal_v2_2-Alert.mq4
AltrTrend_Signal_v2_2.mq4
AMA & AMA sig.mq4
AMA.mq4
AMAJ2.MQ4
AMAJ.MQ4
ang_AutoCh_HL-v1.mq4
Aroon Up & Dn.mq4
Aroon Bars.mq4
Aroon Horn.mq4
--Aroon Horn----.mq4
Aroon Oscilator.mq4
Aroon Oscilator_v1.mq4
Aroon.mq4
Aroon_Oscilator.mq4
Aroon_v1.mq4
ArtificialIntelligence.mq4
ASC Trend EA(2).mq4
ASC Trend EA(3).mq4
ASC Trend EA.mq4
ASCTrend1.mq4
ASCTrend1sig.mq4
ASCTrend1sig_noSound.mq4
AscTrend2.mq4
ASCTrend.mq4
ASCTrend_Sound.mq4.mq4
ASC-Trend-signal.mq4
at_Itp4.mq4
ATR Levels.mq4
ATR.mq4
AutoDayFibs.mq4
autoFX_HaNoo.mq4
awesome.mq4
Bands1.mq4
Bands2.mq4
Bands.mq4
bar_close_alarm_V1.mq4
Bears.mq4
Bheurekso_pattern.mq4
Bollinger Bands %b.mq4
Bollinger Bands.mq4
BrainTrend1.mq4
BrainTrend1Sig.mq4
BrainTrend1Stop.mq4
BrainTrend1StopLine.mq4
BrainTrend2.mq4
BW MFI.mq4
BykovTrend_Sig.mq4
camarilladt1.mq4
camarilladtHistorical_V2.mq4
CandleStick.mq4
Candlesticks.mq4
CCI_Woodies.mq4
CCIALERT.mq4
CCM2.mq4
Chris Battles.mq4
Competition 2.mq4
Competition.mq4
Cool2.mq4
cross.mq4
DayTrading5.mq4
DayTrading.mq4
DC.mq4
Dema.mq4
Dema_rlh_www.forex-instruments.info.mq4
Demark_trend_new.mq4
DeMarker.mq4
DigBollingerBands.mq4
DIGISTOCH.mq4
Digital MACD.mq4
Digital_CCI_Woodies.mq4
DigitalF-T01.mq4
Digits_comment.mq4
DigJ2BollingerBands.mq4
Din_fibo_high.mq4
DiNapoli&Fibo.mq4
DLMv1[1].4-MQL4Contest.mq4
Dmice_www.forex-instruments.info.mq4
DogiStar.mq4
Dolly_Trading Times #3.mq4
Donchian Channels - Generalized version.mq4
DonchianChannel-mql-file.mq4
DoubleCCI_Woodies.mq4
DPO.mq4
DT-RSI-EXP1.mq4
DT-RSI-Sig.mq4
DT-ZigZag.mq4
DynamicZoneRSI.mq4
e-ADX+SAR.mq4
EAsctrend using i_Trend.mq4
eFXSI.mq4
EJ_4H v1.0.mq4
EJ_CandleTime.mq4
EJ_CandleTime_Blue.mq4
EJ_Pivot_DWM.mq4
EJ_Signal.mq4
EJ_Trend.mq4
elder_183.mq4
elliot.mq4
Elliott Wave Oscillator.mq4
EM12-21-89.mq4
EMA_CROSS.mq4
EMA_CROSSmodv4.mq4
EMAAnglezeroalert for EJ_4h.mq4
EMAAngleZeroDT.mq4
Envelopes.mq4
e-PassLevCCI.mq4
e-Pivot-ice.mq4
Ergodic Oscillator.mq4
Ergodic Signals.mq4
Ergodic.mq4
et4_3MA_v1.mq4
e-TLE_v.1.6.mq4
e-Trailing.mq4
EuroBull.mq4
eurusd_cross.mq4
EURUSD-M5-v1_2.mq4
EVWMA.mq4
Executer_AO.mq4
exp_Karakatica.mq4
FarhadHill_V4.mq4
FATLs.mq4
FF Tunnel Chart.mq4
FFatl.mq4
FiboPiv_v2.mq4
Filter_AO.mq4
Firebird v0.63_1.mq4
Firebird v065tf.mq4
Fisher_Yur4ik.mq4
FitFul_13.mq4
Fjuch.mq4
FlatTrend V2.mq4
Float(2).mq4
Float.mq4
Float_01.mq4
Follow-up.mq4
ForceIndexEA.mq4
Forex Freeway.mq4
Forex Freeway_2.mq4
ForexOFFTrend indi.mq4
ForexOFFTrend.mq4
ForexOffTrend_Alert.mq4
ForexTrend_v2.mq4
FPTMT1.mq4
Fractal ZigZag.mq4
FractalChannel_v1.mq4
Fractals.mq4
FractalVolOpt.mq4
FTLM,STLM.mq4
FTLM_hist.mq4
FTLM_KG_hist.mq4
FX10EA.mq4
FX_FISH.mq4
FX_FISH_2MA.mq4
fxoe-lib.mqh
Gann.mq4
GannZigZag.mq4
Gartley Reversal Auto.mq4
Gator.mq4
GentorCCI.mq4
GMACD_Signals.mq4
GO.mq4
GoldenCross.mq4
Gordago2.mq4
Hans123MV22.mq4
HedgeTest.mq4
Heiken Ashi#.mq4
Heiken Ashi.mq4
--Heiken Ashi----.mq4
Heiken AshiR.mq4
HeikenAshi.mq4
High_Low v2 (ZigZag).mq4
High_Low_v2_ZigZag.mq4
HiLo Activator.mq4
Hi-Lo.mq4
Hist_StepMA_Stoch_KV1_Ex_02_with Filterlevels(2).mq4
Hist_StepMA_Stoch_KV1_Ex_02_with Filterlevels.mq4
iAnchMom.mq4
iAvgVol.mq4
Ichimoku5.mq4
Ichimoku.mq4
ICWR.mq4
iExposure.mq4
i-GentorCCIM_v.0.2.mq4
i-GentorCCIM_v.1.0.mq4
i-GentorLSMA&EMA_v.0.2.mq4
i-GentorLSMA&EMA_v.1.0.mq4
iKarakatica.mq4
iMACD.mq4
ind - Profitunity Bars.mq4
IND_Inverse_and_BB_and_EMA.mq4
Ind-Fractals-1.mq4
Ind-Murrey_Math_MT4_VG-1.mq4
Ind-TD-DeMark-3-1.mq4
Ind-TD-DeMark-3.mq4
Instantaneous Trend.mq4
iTrend.mq4
J2Bollinger Bands.mq4
J2JLite.mq4
J2JMA channel_htf.mq4
J2JMA.MQ4
J2JMA_Channel.mq4
J2JMA_htf.mq4
J2JMA_htfm.mq4
J2JMA_TrendSignal.mq4
J2jma_www.forex-instruments.info.mq4
J4Bollinger Bands.mq4
J6Bollinger Bands.mq4
J_TPO.mq4
JAC TrendSignal.mq4
JAccelerator.mq4
JADX.MQ4
JAMA.MQ4
JAO.MQ4
JAwesome.mq4
JCCIX.MQ4
JDF1.MQ4
JDF1@.MQ4