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Trend Indicator(TI) Setup Procedure
Note:
If you are using MIG Trading Station. Copy this file to C:\Program Files\MIG Trading Station\experts\indicators OR please change the MIG Trading Station to your trading platform name
Setup Procedure:
| 1. | You will receive our reply by email with TI.ex4 Indicator attached. |
| 2. | Copy the TI indicator to your C:\Program Files\(Your Trading Platform)\experts\indicators |
| 3. | Log in to your Trading Platform.
| a. | On your Navigator, select the Custom Indicators, a yellow square with name TI shows that you have completed the installation step. |
| b. | Setup one GBP/USD H1 charting for your TI indicator. (You can select any currency pairs) |
| c. | Double click the TI indicator, on the Custom Indicator Screen, do not make any changes. Just press OK. The pivot line with past week indication will appear immediately. |
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Trend Indicator (TI) User Guide
| 1. | Only designed for MT4 trading platform |
| 2. | TI Indicator is formulated to trade on all currency pairs, use ONLY H1 time frame. |
| 3. | Plot a Bollinger Band with your charting |
Condition to initiate a trade
| 1. | Followed my daily work sheet, plot the hourly trend line on paper as shown, select ONLY the 3 trend lines (yellow colour) consecutively heading the same direction and entry make on the open of the 4th candle. This 3 trend lines, either one is higher compare with the other or one is lower compare with the other. (Staging effect) |
| 2. | Initiate a trade at the open price of the 4th candle; you can use pending order to initiate a trade too. TP not less than 30 pips, SL is 40 pips for EJ & GU |
| 3. | For EJ pair, calculates from the 1st trend line to the 3rd trend line. If the different of these two points are less than 20 pips. No trade |
| 4. | For EJ pair, calculates from the 1st trend line to the 3rd trend line. If the different of these two points are more than 60 pips. No trade |
| 5. | For GU pair, calculate from the 1st trend line to the 3rd trend line. If the different of these two points are less than 18 pips. No trade |
| 6. | For GU pair, calculate from the 1st trend line to the 3rd trend line. If the different of these two points are more than 60 pips. No trade |
Important trading rules:
| 1. | Make a new entry (same direction) only after 5 hours. |
| 2. | When the close or the high of any candle touches the BB or outside the BB, It can be consider a new trading cycle. |
| 3. | Take profit
My preferred is 30 pips, you can also extend your TP and exit the trade base on the following:
| a. | Two consecutive reverse trend line appear |
| b. | Bullish or Bearish engulfing pattern observe |
| c. | The pivot support and resistance level |
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| 4. | Stacking trade on the 4th and/or 5th candle only, if the trend is heading to one direction and the 4th and/or 5th trend line is within or somewhere in the middle of Bollinger Bands. |
| 5. | When the sum of 1st and 3rd candle with more than 60 pips, which is indicates the movement/momentum is great.
| a. | You can issue a pending order exactly at the middle of BB provided the 1st & 2nd candle trend line qualified 20 pips. |
| b. | If the close or the high / low of 3rd candle touches the BB or outside the BB, do not initiate the trade immediately, most likely a retracement or walking with the bands will take place. Wait for the indication on the 4th candle. |
| c. | It may be unsafe to trade, so no trade. |
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| 6. | Refresh your charting as necessary, mouse pointing to the chart, right click, select Indicators List and delete "TI". To call in the TI, select Indicators on the Toolbar, click Custom follow by TI selection. |
This is a simple illustration, detailed presentation with pictures will be sent to you when you have purchased our service.
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