mithetnme Forever system

Post your new strategies, discoveries or just ideas for development

mithetnme Forever system

Postby mithetnme » Thu Feb 10, 2011 12:12 pm

Hello all traders

I here want to share my setup. Previously I ueds Simple 714 but now I changed to this setup for more than one month & its not bad. The indicators in my system are as follow.
EURUSD M30

1. Donchian Bands (default)
2. SuperTrend1 (default)
3. Gann HiLo (3)
4. XpPivot
5. 55 SMA
6. 144 SMA
7. Stochastic (5, 5, 2)
8. T3RSI (5, 8, 0.7)
9. T3RSI (13, 34, 0.7)

Entry

1. Close above or below SuperTrend1
2. Close above or below Gann HiLo
3. Close above or below Donchian Mid Band
4. Stochastic crossup or crossdown
5. Both T3RSI - RSI & T3MA crossup or crossdown

Exit

Normally I exit with Support & Resistance, Fibo nos, Pivot Level and Trend lines. But I check the opening of T3RSI (13, 34, 0.7).

I am sorry that I am not clever enough to explain my setup. If somebody found its interesting please try on demo at least 2 or 3 months and try to setup to get your own exit point.

I want to explain today trading. Everyday I started at 00:00 GMT. Today fortunately I got Entry signal at 00:30 GMT and I jumped in. But Price is still above Donchian Mid Band. So I say prayers for 2 and half hours and Price closed below Mid Band. I used 55 SMA and 144 SMA as S and R . Price first crossed Donchian Lower Band, Daily Pivot Level and both SMAs. I waited for Price to pass XpPivot Support 1. After pass through Support 1, I checked H4 and D1 TF.

In D1 TF, yesterday morning I guessed that price will go up and finish around 1.3750 to form head and shoulder OR stop around 1.3855 to form Double Top. Yesterday high was 1.3743 and close at 1.3719. So I guessed today will be bearish. So I jumped in a little bit earlier before price close below Donchian Mid Band. Fortunately my guess comes true. I used 50% Fibo level for TP bcos it coincide with Trend Line in D1 & H4. I set TP at 1.3585. Price fall down to 1.3581 and gave me 120 pips. But you can see T3RSI (13, 34, 0.7) is still showing downward. I cant say trend will reverse here. If I was still in market, I will shift my SL to 1.3615 and my next stop will be around 1.3520. But I am not sure bcos T3RSI (13, 34, 0.7) shows convergence.

I attached 3 snapshots. I will be so glad if I get any feed back.

BTW, I want to name this setup "mithetnme Forever" but you guys call whatever you like. If you like this one, try with demo, if you dont , just forget it or feed back anything good or bad.

for heavy pips everydaysssss :D

mithetnme
Attachments
2011.02.10 21.15.54_D1.png
EURUSD D1
2011.02.10 20.55.06_M30.png
EURUSD M30
User avatar
mithetnme
 
Posts: 7
Joined: Sat Oct 16, 2010 11:25 am

Re: Forever

Postby ForexLion » Thu Feb 10, 2011 3:49 pm

Thanks for the set up quite useful.
ForexLion
 
Posts: 28
Joined: Fri Dec 24, 2010 12:57 pm

Re: Forever

Postby Edward Revy » Sat Feb 12, 2011 10:05 am

Thank you for sharing!

I guess the next question will be where to get indicators..
So, here they are:
Attachments
T3 RSI2.mq4
(2.24 KiB) Downloaded 947 times
T3_RSI.mq4
(2.31 KiB) Downloaded 903 times
xpPivot.mq4
(4.59 KiB) Downloaded 896 times
Gann_HiLo_Activator_v2.ex4
(2.41 KiB) Downloaded 906 times
SuperTrend_v1.2.mq4
(4.24 KiB) Downloaded 941 times
Donchian_bands.mq4
(1.68 KiB) Downloaded 978 times
User avatar
Edward Revy
Site Admin
 
Posts: 209
Joined: Wed Jul 01, 2009 6:20 pm

Re: Forever

Postby mithetnme » Sun Feb 13, 2011 9:00 pm

Edward Revy wrote:Thank you for sharing!

I guess the next question will be where to get indicators..
So, here they are:


Hi Edward

Thanks a lot for your help. My local time is +6:30 GMT and when I write this thread its around 1600 GMT, 10:30 PM local time, I was so sleepy and just forgot to add indicators.

Thanks again

mithetnme
User avatar
mithetnme
 
Posts: 7
Joined: Sat Oct 16, 2010 11:25 am

Re: mithetnme Forever system

Postby nzsolt85 » Fri Feb 25, 2011 1:02 pm

hi. can u uppload the screen setting for this sistem. the screenshot upploaded by u it's great.
Thank u.:)
nzsolt85
 
Posts: 2
Joined: Fri Feb 25, 2011 12:57 pm

Re: mithetnme Forever system

Postby ForexLion » Tue Mar 01, 2011 2:40 pm

Thanks for sharing
ForexLion
 
Posts: 28
Joined: Fri Dec 24, 2010 12:57 pm

Re: mithetnme Forever system

Postby mithetnme » Mon Mar 07, 2011 12:03 am

nzsolt85 wrote:hi. can u uppload the screen setting for this sistem. the screenshot upploaded by u it's great.
Thank u.:)


Hello nzsolt85

Sorry for late reply. I am sorry but I dont understand what u mean "SCREEN SETTING". Could u pls tell me a little bit more detail.

thanks for your interest

mithetnme
User avatar
mithetnme
 
Posts: 7
Joined: Sat Oct 16, 2010 11:25 am

Re: mithetnme Forever system

Postby nzsolt85 » Fri Apr 15, 2011 4:03 am

i loaded the indicators from the list, but i canot see the Right menu bar from your EURUSD D1 print screen... plus can u uppload your screen template with the color settings,etc. it looks sooo good. thank u. have a nice day
nzsolt85
 
Posts: 2
Joined: Fri Feb 25, 2011 12:57 pm


Return to Forex trading strategies and systems



cron