FREE FOREX STRATEGIES

Scalping system #6-a (Trend Trades)


The popular EMA Bands/Guppy EMA strategy which you all know about has got a happy continuation.

Let me introduce "Trend Trades" by Walter, who has done some great job with moving averages and came up with a system that uses Variable Moving Average (VMA) in its core.


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I think sometimes you have to try the same steps twice. I did a few times before I got it to work :/, also, as the last resort, you can add those MAs manually (the guy who created the template did it from scratch :)

Hi Walter, I have loaded the template just like u have mentioned above. So when I load it to chart, I only get a grey back ground chart with bars shown in black & the indicator gives only a yellow line like MA. Thats all I get. no rain bows coloured lines on chart. can u help me please??

Pls help to get rainbow. i loaded the tempalte just under the C:/ meta trader/ template, not under EA.

At this moment it's not yet the Icon setup, since the retracement hasn't taken place yet; and we look to enter a trade during the retracement, as close to its end as possible.

Kind regards,
Edward

Using this system how does one handle reversals? For example in this USD/JPY there was a nice reversal of a 90.290 low. Seems like an icon trade but walter gives no clues about this. Any ideas?

Thank you for the help, Azim

The icon setup has a strong background behind it; it basically highlights an excellent low risk entry opportunity which is presented on the first major price pullback during the reversal in a Major trend.

As price breaks the support/resistance that held the major trend in place it'll often make a decisive advancing move in the direction of the breakout; but once the momentum is over, it'll be followed by a retracement, at the end of which we're invited (with the Icon setup) to participate in trading with a new developing trend.

Kind regards,
Edward

Hi Edward,

The icon setup is on the 2nd Pdf file(Trend Trading part 2)..u can scroll down and look for "typical icon"..thats the icon setup. Once you analyze it,please let me know what is your view about it. just for your info, the icon setup appears a lot in the 5 min chart so i must train to identify the icon setup.

regards,
Azim

Hi Azim,

I've probably missed something, what's "icon setup"?

Regards,
Edward

Guys,

What is the right time to enter the icon setup?

Azim

No problem,

To save the file, use the right mouse click, then choose "Save link as" or "Save target as" depending on the browser.

Thomas

Hello, im a bit bad with computers. But i downloaded the template and there was only a gray background appearing. Then i clicked on the indicator link instead and it lead me to computer code. Im confused as to what to do with that.

THanks

If to use EMAs, the settings would be as follows:

There will be several color groups, simply use any color:
1st color group: 2, 4, 6, 8, 10 EMA
2nd group: 12, 14, 16, 18, 20 EMA

(As you can see they come in a step of 2)

3rd group: 22, 24, 26, 28, 30 EMA
4th group: 32-40 EMA and so on, you'll have 10 groups with the last one 92-100 EMA.

Best regards,
Edward

HELLO TO AL FOREX TRADERS,
I'M NEW TO FOREX AND TRADING WITH OANDA, THEY HAVE THEIR OWN TRADING PLATFORM, CAN YOU PLEASE GIVE ME THE SETTING VALUES OF THE EMA'S SO I CAN SET'EM UP MANUALLY.
THANKS A LOT IN ADVANCE.

Anyone else get the 5000 contracts per week part? Seems like a lot.

Hi Stewart,

please drop me a line at

with the names of all indicators you want to get, and links to pages where you saw them.
I'll send you everything via email.

Best regards,
Edward

Hi. This is fascinating. I understand the technique but not how to load the stuff. "Indicator is copied to "/experts/indicators". To complete this, do I right click and save the indicator on page one? When I right click on the indicator and try to save it asks me where. Then what?
I have no idea how to unzip a zipped file. When I right click the template I'm asked if I want to run it - not how to extract it. What am I doing wrong here?
And then how would I copy the template to the "templates" folder?
Sorry, I could use a bit more detail to get me going. Thank you so much. Stewart


 

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