I created this system for the most popular Japan Yen pairs, and i hope it will make u feel like a samurai with a double edged sword!
OK 1st thing you may know, Japan yens have a correlation, especially with the Euro-Yen and Pound-Yen. So we are going to use these 2 pairs together since they really act like twin sisters.
Entry/Exit rules for Buy trade
----------------------------
Buy Entry - Wait for blue Heineken Ashi candle + green dot + make sure the green RSI is crossed over the Pink base line.
Buy Exit - If red Heineken Ashi candle forms or if Pink dot appears or if Green RSI crossed below the Pink Base Line.
Entry/Exit rules for Sell trade
----------------------------
Sell Entry - Wait for red Heineken Ashi candle + Pink dot + make sure the
Green RSI is crossed below the Pink base line.
Sell Exit - If Blued Heineken Ashi candle forms or if Green dot appears or if Green RSI crossed above the Pink Base Line.
Stoploss & Targets
------------------
No recommendation for stoploss, thats is up to you. For Targets, If you want you can wait for the exit terms and eat the whole pie or if you want you can hit n run 10-20pips on every trade signal and take bites, its all up to you.
Trade Session
-------------
From London Open Session to USA session close. You can find the session time from this website, http://www.2008.worldmarkethours.com/Forex/index.htm
Time Frame
-----------
Only 5min chart and you must have chart for euro-yen and pound-yen both side by side Tiled vertically in metatrader. Like this...
Note : Included is a candle countdown timer, so you have to make sure the candle is closed before considering any of the entry/exit signals to prevent fake outs on the live candles.
Installation
------------
Copy all the .ex4 files to experts/indicators folder
Copy the .tpl to /templates folder
Load the chart with the "twinblade_system.tpl" template to pre-load everything.
Note 2 : Please check the post 26 in this topic for some important trading info over here. Please demo trade at least a week before you trade live.
Note 3 : There are 2 pink 5 period moving averages of high/low prices. If the candles are moving inside those 2 moving averages, its usually not a strong market or a ranging scenarios, and if the candles are breaking out of the high/low MA's its a strong market and trending scenario.
Note 4: Some more detailed explanation for your understanding of how the system works, click over here.
Enjoy earning pips and your contribution to better this system is more than welcomed!
New Version! TwinBlade System V0.1
(same rules as older version but with a newer approach) -----> Click here
OK 1st thing you may know, Japan yens have a correlation, especially with the Euro-Yen and Pound-Yen. So we are going to use these 2 pairs together since they really act like twin sisters.
Entry/Exit rules for Buy trade
----------------------------
Buy Entry - Wait for blue Heineken Ashi candle + green dot + make sure the green RSI is crossed over the Pink base line.
Buy Exit - If red Heineken Ashi candle forms or if Pink dot appears or if Green RSI crossed below the Pink Base Line.
Entry/Exit rules for Sell trade
----------------------------
Sell Entry - Wait for red Heineken Ashi candle + Pink dot + make sure the
Green RSI is crossed below the Pink base line.
Sell Exit - If Blued Heineken Ashi candle forms or if Green dot appears or if Green RSI crossed above the Pink Base Line.
Stoploss & Targets
------------------
No recommendation for stoploss, thats is up to you. For Targets, If you want you can wait for the exit terms and eat the whole pie or if you want you can hit n run 10-20pips on every trade signal and take bites, its all up to you.
Trade Session
-------------
From London Open Session to USA session close. You can find the session time from this website, http://www.2008.worldmarkethours.com/Forex/index.htm
Time Frame
-----------
Only 5min chart and you must have chart for euro-yen and pound-yen both side by side Tiled vertically in metatrader. Like this...
Note : Included is a candle countdown timer, so you have to make sure the candle is closed before considering any of the entry/exit signals to prevent fake outs on the live candles.
Installation
------------
Copy all the .ex4 files to experts/indicators folder
Copy the .tpl to /templates folder
Load the chart with the "twinblade_system.tpl" template to pre-load everything.
Note 2 : Please check the post 26 in this topic for some important trading info over here. Please demo trade at least a week before you trade live.
Note 3 : There are 2 pink 5 period moving averages of high/low prices. If the candles are moving inside those 2 moving averages, its usually not a strong market or a ranging scenarios, and if the candles are breaking out of the high/low MA's its a strong market and trending scenario.
Note 4: Some more detailed explanation for your understanding of how the system works, click over here.
Enjoy earning pips and your contribution to better this system is more than welcomed!
New Version! TwinBlade System V0.1
(same rules as older version but with a newer approach) -----> Click here
Attached File(s)
twinblade_system.zip
20 KB
|
5,083 downloads