Scalping system #6-a (Trend Trades)

It appears that I'm not very "zip" literate. When I double click on the link called FantailVMA3.zip above, it asks me if I want to open the file. It does not give me the option to extract the files. What am I doing wrong?
Having asked my question, I want to say that I really enjoyed your research and find that this VMA is exactly what I have been looking for. Thank you so much for the time and effort you have put into realizing this result. Well done.

Hi Giovanni,

you will be able to build a rainbow out of EMAs (parameters can be found at scalping system #6), but you won't have the VMA - it is a custom tool and it works on MetaTrader4 only.

Best regards,
Edward

Hi Edward,

is there a way to apply these parameters on a OANDA chart?

Thanks

Giovanni

Hi everyone, I did the exact same steps described above by Alex and I got my rainbow on IBFX charts, I also got an email some time ago from a trader whom I helped to set the template and he replied: "Great!!! It works!!! Thanks, Edward."

So, if the steps above don't help, I'm not sure there is another way around. In such case you'll need to build the rainbow manually out of Moving averages the values for which you can find in the manual. But I hope you should be able to make it work, just delete all files, close the platform and repeat the steps one more time.

Best regards,
Edward

Thanks for this promising system. I put the above files into my MT4 platform. but I don't get the rainbow part of the template. Can someone tell me hoe to get it.

Thanks

You should be able to make it work.
Check the steps one more time:
- the indicator FantailVMA3.mq4 is copied to "/Experts/Indicators" folder
- the template FantailVMA3.zip archive is unzipped and FantailVMA3.tpl is copied to "/Templates" folder, not to "/Experts/Templates".
- you've restarted the platform.
- Call a template from: Menu Charts -> Template -> Load Template... -> FantailVMA3.tpl

Cheers,
Alex

Am chukwuemeka I downloded this indicator to my mt4 also I attach th TPL to the TPL folder to my surprise I did not see anything
please I will like someone to help me.
my email Address is jossypmb(at)yahoo.com

Go for the right mouse click, choose "Save as..." or similar.
Should work. Otherwise, drop a quick request using the website contact form, someone from Edward's team will send you files needed.

Alex

Hello Alex,
When I try to download the indicator it just gives me a bunch of text like a computer program so I am not able to save it to my computer. Please help. Thanks.

love it love it love it!!!!

Hello, I Don't trade forex I trade e-mini s&p. Has anyone tried this system on futures?

Hi Patrick,

sorry for the late reply, I thought that someone from my team was already working on it.

So, here we go:

"Question 1:
M5: Price went above Magenta for first time, then black line follow and price stop increase and bearish candle appear. Is this a Setuping? and we go into M1 to wait for the entry point?"

Exactly as you said, even if price stopped advancing, we prepare to enter. It'll be an entry on a retracement - a winning situation. swithing to 1 min charts would be the best way to handdle it.

"Question 2:
continue from Question1, what kind of entry are we looking here? If black line already fall into rainbow region, do we enter only when the black line breakout rainbow region upward? in this case, the blackline is not fall below dark green line during the pull back."

If the black line is inside the rainbow region, we wait till it gets out of that region and then enter. If the black line didn't reach the green rainbow area, it is a good sign of a healthy trend under way.

EURUSD and BGPUSD maintain good correlation, but even then I wouldn't recommend referring to one currency when trading another one. Since it is a scalping strategy on a small time frame correlation factor would be of a little help.

If to choose between GBPUSD and EURUSD, I'd trade with EURUSD.
(Also with EURGBP and USDJPY).

Best regards,
Edward

Have you also copied the indicator: FantailVMA3.mq4 to your MT4 platform? You have to run it too.

Thomas

sir ,
i have attached the indicator to template as provided by you . but i am not getting a rainbow like yours ... i was only getting a yellow line which i turned to black . picture is attached here .

Hi,
I notice that there is a case where EUR/USD price go above Magenta line in M5 while GBP/USD price still below Magenta M5.
EUR/USD is going upward and from theory the black line goes above magenta and this is uptrend.
GBP/USD is going upward but price stay below Magenta line and black line cross dark green line, this seem as a pull back and price is seem heading downward.

Because of the close corellation,i am interested on EUR/USD. Do i prepare for a uptrend or do i need to consider that there is a potential of downtrend due to GBP/USD?

GBP/USD have been downtrend for 3 day in M5 and i cannot find a setup since no price goes above Magenta. But this seem like a exhaustion in GBP/USD

Or which currency will be the best advice?

thanks,
Patrick