This is still a beta project but just download it and try on demo.
This system uses MA candles instead of the original HA candles.
I did that because I'm a candlestick fan and didn't want to miss the real candle shadows.
Here the rules:
Entry: PA (price action) and yellow MA line crosses the big hull line and candle in color of direction,
We only enter short under the cloud and vice versa.
Exit: Candle changes color, PA passes the cloud or the yellow line, whatever occurs first
Indicators: The green and red worms are RSI and show overbought and oversold areas and it is a sign that the PA could change soon a bit.
The divergence indicator tell us when we could expect a trend reversal or retrace, it shows an arrow and a popup.
Other reasons to take profit can be:
Touch of a trend line, resistance or support line, horizontal psych level (00 - 20 - 50 - -80) or a black cat that cross your screen
Stop Loss: please set your stop loss according to your money management plan
I will fine this rules with the time, don't forget that it is a brand-new system and needs to get proved well under all market conditions,
this are the only rules for the moment, anything else depends on your basic knowledge on FX and your feelings.
Please do not contact Turhovach on any questions on this system, he has his own rules, thank you
Note: I got an email from Freddie telling me that the information boxes are not where they are shown on the chart, do this:
If the boxes are not where they should be:
Click right on the chart, indicators
list, click the FerruFX indicator and change the X and Y values for each box
until you get them where you want.
Sorry, those setups depend on the screen resolution of your PC
Here is the 1M scalp template
The indicators are the same, you only need to paste the TPL in the templates folder
The settings are completely different.
This is a real killer but please use this system only in DEMO until you get sure on it.
I didn't receive any email regarding to entry or exit points, that means for me that everything is understandable and clear.
I will come up with some improvements on Thursday 13th of November 2008
How to install:
Step By Step :
Don't forget what I said on the MM (money management) page.
Also don't forget the pivot and psycho lines, if you don't know about it visit the website of acumen.
The folder has also a colored RSI indicator pasted on top of the OsMA indicator that shows oversold or overbought areas Red and green snakes), watch out for them!!!
I was working this weekend on the scalper version and could bring it more closed to the Turhovach setup, here a screenshot, I will release it during this week. It has some interesting new improvements.
scalping ain't easy