A recent trade in USDCAD H1: image After a period of low volatility there was a breakout to down. RSI crossed below lower BB and ADX is rising (> 30). +DI is under lvl 10.

AckelSystem

Yeah, the news have the power of make the price more unpredictable.

AckelSystem

You are braver than I. The RSI in H1 has crossed below upper BB and is falling. I could wait for a retraction before enter a buy order. But, hey! I am yet learning, do not own the truth.

AckelSystem

The scale for AckelSystem Alerter is from 0 to 5, because are 5 indicators analized. But it is possible have one direction with 0 and the oposite with 3 or 4, because one or more indicators can be with Silver color (not green or red), indicating ...

AckelSystem

Thanks, shiva, and welcome. Try it in a demo account, then share your examples with us.

AckelSystem

I developed an indicator to alert about the possibility of a trade using AckelSystem. image This is only the first version, but I am confident it can be usefull. The indicator (AckelSystem_Alerter) is attached to the first post, together with the ...

AckelSystem

antonov, About ADX indicator and about what +DI and -DI means, watch this good video: video About the use of H4 timeframe to draw a trendline, it is a possibility that deserves research and test. You can make these tests and posts your results ...

AckelSystem

Introducing Traders Dynamic Index - TDI Dean Malone ( url ) created a very good indicator, the Traders Dynamic Index - TDI. We can use it in place of regular RSI 8 with an EMA 8 applied, and a Bollinger Band applied in RSI. Lets see it in action ...

AckelSystem

Ouch! Unbelievable 31 pips spread is monstruous.

AckelSystem

Wow! I am very happy because some ideas I shared here were usefull for you, antonov! Your explorer shows impressive results. When you can, please share some charts with us, ok? Very good work!

AckelSystem

I found other systems named "Double Bollinger" systems, with different approaches and different settings, indicators and metodologies. So I am now renaming this system to "AckelSystem".

AckelSystem

Yes, ADX works with uptrend or downtrend. NZDUSD H1: image TRADE 1 (Trade D setup): Sell in (1) with SL defined and trailling stop until exit, confirmed by (4). ADX indicates in (6) the good movement. ADX >=25 and rising, -DI > 20 and rising. +DI ...

AckelSystem

Hello antonov. It is an update. I just edited the first post to reflect it. Attached new template (v.2) with ADX. I put round numbers indicator in template too.

AckelSystem

I did a research and got the following numbers: From June 21, 2013 until now July 22, 2013 - 11h55 a.m. GMT) we had 14 good opportunities using ADX in H1, in EURJPY, and 13 opportunities in AUDUSD. This means that I'm negotiating much more than I ...

AckelSystem

CHECKING MOVEMENT'S FORCE - ADX ADX indicator can be used to check the force of a given movement. If ADX is rising above 25 and +DI (buy) is > 20 and -DI (sell) is under 10, this is a signal of a good force in the movement. AUDUSD H1 image There ...

AckelSystem

Tested. It dont fits Trade C setups. Thanks anyway.

AckelSystem

But my friend this indicator uses only EMA 5 x EMA 10, not Bollinger and RSI crossing EMA 8. See its code: =============================== (...) for(i=limit; i>=0; i--) { buffer1 = iMA(NULL,0,MA1Period,0,MA1Method,MA1Price,i); buffer2 = ...

AckelSystem

You can set the indy at right side, moving it to other corner or place.

AckelSystem

Let me see it, cheataddict. It is a beginning.

AckelSystem

Do you know this video series? video Million Dolar Traders Very interesting, especially the psychological aspect of trading.

AckelSystem