Introduction:
In this System i simply used some Exponential Moving Averages, and Parabolic SAR indicators, with Candle stick chart .. Every thing comes with Meta Trader 4 plate form .. my all techniques are made up of things which are already there in Meta Trader 4 .
(Give thanks to their creators)
My purpose is to describe them, and use them together so that we all people can get good trading signals,
also i believe "sharing is caring" . i am not selling them at huge prices , neither i will stop you sharing them with your friends, either you can refer your friends on my blog or you can explain them, by your own, all is fine as far as you don't charge them for this..
Time Frame:
H1, H4 are good ones..
with higher time frame you get less signals, with lower time periods, you get more signals.
test it with your desired time frame ..
How to Set-up this on your chart?
You have nothing to worry about this, because i am providing you templates, which you can download .
and paste them into your META trader 4 's template folder.. once you paste them. Run your Meta trader 4, then right click onto a chart on which you want to set it up.. then find option, like templates -> load templates, then point to your template and click ok .
Your chart should look like above picture, if it does not, then, you might have done something wrong.
Rules:
For long positions:
1) Wait for the EMA 5 to cross EMA 14 .. and EMA 5 should go above EMA 14
2) Secondly, wait for Parabolic SAR to appear below Candle stick. in picture above you can see that, when EMA5 crossed EMA14 parabolic SAR(dotted thing) was above candle stick when it appeared below candle stick then aur 2nd rule completed..
When these two rules meet, open a buy position ..
For Short positions:
1) Wait for two conditions to meet, one is, Parabolic SAR appear above candle stick,
2) EMA5 crosses EMA14 and goes below it, so that both should point down..
you can see above picture gives us a signal like that, at this point, you should open a short position, or sell trade..
TIPS:
1) If conditions for short positions meet, and you opened a sell position, and suddenly you saw, that it is meeting long conditions now! you should close your trades, whether in profit or loss and open a buy position.
2) If conditions for Long positions meet, and you opened a buy position, and suddenly you saw, that it is meeting short conditions now! you should close your trades, whether in profit or loss and open a sell position.
3) made sure EMA5 and EMA14 are pointing down, when you open a sell position, and they are pointing up when you open a buy position. don't open, if they are not clearly pointing down or up..
look at the above picture, if this things occurs, its best time to earn profit..
you should not open instant order here.. but either to wait for some time, to make it clear whether , it will meet up conditions or down conditions, and then do accordingly or
you can open two, positions, of buy limit, and sell limit , buy above 15 pips, of current price, and sell below 15 pips of current price.. (May be you can use your own MIND here), i would suggest,if this form appear on you chart, from passed 12 hours. or more than that, you are going to make good profit..
keep sitting in front of your computer at that time..
Template Downloading link:
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