另一种趋势线系统 (Another trend line system) - MT4/MT5资源
I am using this as part of my overall trading strategy and have been demo trading it on and off for about six months. I have been trading it by setting pending orders with SL and TP. It works well but I think it will work better as part of a EA system that has a MM system that allows partial take profit. I don’t have that to test out what I’m looking at but here is what I do.
I took much of this directly out of the Demark and Pearl books. I hope you like it!
Good Luck and Happy Pips!
Demark Trend Lines
The goal of this system is to identify break outs according to a very rigid mechanical system. I use an indicator that will automatically plot the TD Lines to the first magnitude, I then monitor for TD Line breaks that meet these criteria. I will only trade this in the direction of the major trend for anything that is less than 1hr. Scenarios 1-3 are time tested by many who have used this system and I have found them very reliable in my testing. Scenario 4 is something that I’m playing with. Over the last six months of testing and doing this system I have found that I have been successful over 70% of the time with a better than a 1:1 risk to Reward.
Scenario 1:
X = current candle
X-1 = previous candle
X-2 = 2 candles before current candle
For a Long:
If the close of the previous candle (X-1) is lower than the close of the bar two previous of the current bar (X-2) the break out is valid.
If X-1 is lower than X-2 then it is a valid break out.
For a short:
If the close of X-1 is higher than X-2 then it is a valid break out
Scenario 2:
The market opens on the other side of the TL, it gaps in the direction of the breakout. After one tick in the direction of the breakout execute order.
Scenario 3:
For a short: calculate the difference between X-1 close and the greater of A) that bar’s high, or B) the previous bar’s close. Subtract that value from the close of X-1 and if that number is above the TL, you may short an intraday bar.
Scenario 4:
This one is not from the Demark or Pearl book. I have been playing with this to see how it works. On a break of the trend line that does not meet the previous three scenarios I enter the trade at half of what I normally enter a trade. I get out of the trade very quickly, still working on.
Pairs:
This can be used on any pair or market and is being used in them. This is what I trade.
Daily & 4hr: E/U, G/U, J/U, U/CHF, UCAD, A/U, E/J, G/J, E/CHF
1Hr: E/U, G/U, J/U
Money Management:
Currently I have just been setting a SL at 15 and a TP at 20. I am thinking of starting to use a trade management EA and start to test it out at different SL & TP.
EA:
This system currently does not have an EA. If someone can find one on the FF here or somewhere else I would love to see it. If anyone is a good coder and can code this it would be pretty awesome.
I have attached the indicator.
I took much of this directly out of the Demark and Pearl books. I hope you like it!
Good Luck and Happy Pips!
Demark Trend Lines
The goal of this system is to identify break outs according to a very rigid mechanical system. I use an indicator that will automatically plot the TD Lines to the first magnitude, I then monitor for TD Line breaks that meet these criteria. I will only trade this in the direction of the major trend for anything that is less than 1hr. Scenarios 1-3 are time tested by many who have used this system and I have found them very reliable in my testing. Scenario 4 is something that I’m playing with. Over the last six months of testing and doing this system I have found that I have been successful over 70% of the time with a better than a 1:1 risk to Reward.
Scenario 1:
X = current candle
X-1 = previous candle
X-2 = 2 candles before current candle
For a Long:
If the close of the previous candle (X-1) is lower than the close of the bar two previous of the current bar (X-2) the break out is valid.
If X-1 is lower than X-2 then it is a valid break out.
For a short:
If the close of X-1 is higher than X-2 then it is a valid break out
Scenario 2:
The market opens on the other side of the TL, it gaps in the direction of the breakout. After one tick in the direction of the breakout execute order.
Scenario 3:
For a short: calculate the difference between X-1 close and the greater of A) that bar’s high, or B) the previous bar’s close. Subtract that value from the close of X-1 and if that number is above the TL, you may short an intraday bar.
Scenario 4:
This one is not from the Demark or Pearl book. I have been playing with this to see how it works. On a break of the trend line that does not meet the previous three scenarios I enter the trade at half of what I normally enter a trade. I get out of the trade very quickly, still working on.
Pairs:
This can be used on any pair or market and is being used in them. This is what I trade.
Daily & 4hr: E/U, G/U, J/U, U/CHF, UCAD, A/U, E/J, G/J, E/CHF
1Hr: E/U, G/U, J/U
Money Management:
Currently I have just been setting a SL at 15 and a TP at 20. I am thinking of starting to use a trade management EA and start to test it out at different SL & TP.
EA:
This system currently does not have an EA. If someone can find one on the FF here or somewhere else I would love to see it. If anyone is a good coder and can code this it would be pretty awesome.
I have attached the indicator.
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