Log in or register to download unlimited Forex robots!
A strategy that is a secret
A very smart computer makes the charts. I'm going to explain how the computer works.
Look at the three pictures.
When the price breaks a trend line, after a time-span, the price will come back to the break point.
The time-span can be short or very long. It often happens. About 95%.
You can check the past. You will find so many samples.
It happens in every time frames. 15M , H1 , H4 , Daily , Weekly. But H4 is the best.
Draw the trend lines from the tip of the bars.
True Trend Line
Look at the two pictures.
The first picture: False
Because the second peak is not below the first peak.
The second picture: True
The second peak is below the first peak.
Draw the trend lines from the tip of the bars.
The trend line should touch the first and second peaks. It’s so important. Some people don’t care about the second peak.
How to trade?
You should trade when the price comes back to the break point.It often happens. About 95%.
You need experience. Check the past to see more examples.
How to find the return points?
You can use Fibonacci for finding the return points.
Draw the Fibonacci from the start point of the trend line and end it at the highest or the lowest bar before the break point.
In these picture, the price has returned after touching the 161.80% or 61.80% of the Fibonacci.
The fifth example.
Don't forget you need experience. You can check the past and see so many examples.
How I trade?
For example, In an uptrend trend line, When the price breaks out the trend line, after 60 pips, I buy. I put 50 pips TP and put the SL, 40 pips in below of the 161.80% of the Fibonacci.
The SL is big but I have to put a big SL. And it profits about 95%.
If the price touched the 161.80% of the Fibonacci, I buy again. I put the TP on the first TP and put the SL, 40 pips in below of the 261.80% of the Fibonacci.
Sometimes 161.80% of the Fibonacci is near to the break point. In these cases, I consider the 261.80% instead of the 161.80%.
Work in the H4 time frame.
PRO Member - Lifetime
hello, very interesting post. i see that all of the examples are in H4? do you also trade on other timeframes or maybe H4 gives better wins?
- Total number of registered users: 76,687
- Registered users today: 10
- Newest registered user: LisaM
- Total number of topics: 11,759
- Total number of posts: 38,398
Online users: 3,060 guests, 121 Members:
9297csw, AbdulAkeem Adebayo, Aborighen, admin, aha2020, ahuy7243, Alan1572, ales, alqadeem2023, Amro77777, angelj, Antman, Arly Williandana, arnie, baronred2025, Biren, bjay75, bqhfd156fx, Butch1220, Carmelo1213, chiki, dnxnxz, dogsbody, Donovan Sissing, dozogonzo, Dung Pham Quoc, duubai, ela, emmie789, Eric Perdigau, Etsenn, fahmiop, fkznid, gad0, Gustavo Zakaluk, harunsamad89, Henzel, hhh45, horlique, hossam155, HS Bhiks, iko, Imperial, indigos, Inpong1990, Inyang Nsisong, James Sales, Jashadtj90, jeb2k11, jeutouf, Joe Hepworth, Johann Willms, Juan2168, juanloa, justinayu, Kammy Shazad, Koech, Lars Dalgren, Laurentiu Catalin Neagoe, LisaM, loveluinfo, Maciej Tokar, marek33, mario123, Massimo Casiglia, Max Lee, Maxime16, Medoune Beye, MENKAM, Metusandeep, mifa, Mnqobi Langa, moneyeurog, mprofit602, myroxyxy, Ndebele, nov, nwensi, oparinde, Palazzo81, panyobel, Péter Rideg, pigboy, Raymond#7372, Razfx, Reno, RinoPlace, safudin, Sandor Nagy, sasastephe, Satria Satriawan, sayankrub, SBinalla, silentdrix, smanna, Sniperxss, spark2023, sunnyrox, taloon00, Tanakorn011, tcr009, Terry_Bkk, ThreeLions, Tinashe Masa, tosink, totati, Tulin, Tumelo2022, wagnerg123, wanaib, woodya22, Xperya, xv16, yocodream, Young-Vet Kambingan, ytrade, zedeai, Zoltan0013, 蔡坤益, 西伯利亚风, 최혜식
MT4talk is a User Generated Content website. All content uploaded to MT4talk by our users (MT4talk forum members) is User Generated Content. Please note that MT4talk doesn't sell Forex robots and does not provide support for the uploaded Forex robots. MT4talk only sells PRO membership. PRO membership means unlimited download access in every forum topic and forum post. While some of the uploaded Forex robots are limited till the next update, other robots never get updated, it all depends on the creator of the robot.
We testing Forex robots in REAL-TIME! We testing some robots on a demo account but in real-time. We are not financial consultants and we can't push you to risk your money. We are just trying to find good market analysis solutions from different strategies to help our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The site may contain links to affiliate websites, and we receive an affiliate commission for any sign up that trade by you on the affiliate website using such links. Our affiliate partners includes the following: FXOpen, FBS, LQDFX, MyForexVPS.