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Need someone to convert Etan trading system into EA. For trading rules please visit the link http://www.forexfactory.com/showthread.php?t=470225&page=32
Applicants need to read the Eitan thread and post what they understand as the trading rules.
Inside the Oscillator window you will see the Range indicator.
This is real easy to read...
White line above top black line.... price going up
White line below bot black line.... price going down
Now, this indy will show the start of a new move when the white line crosses the black
line especially if the Oscillator has just changed as well.
The drawback to using this indy is even though it is great at showing us when to get in on
the start of a new move, it is much harder to see continuation moves with this indy.
As a rule of thumb... do not trade against the filter indy... it is there for your
protection.
The higher gann ssl which will show you daily on 4hr chart.
This way you can see the immediate higher timeframe as it is critical to your decision
making process,
The smaller Gann ssl is part of your trigger. You want to be in a red smaller gann ssl to
look to sell, and in a green smaller gann ssl to look for a buy.
You want to be in a red small gann ssl with in a yello big gann ssl to sell, and in a green ssl
with in a purple big gann ssl to buy.
The DSR in the main chart that looks like a squared cross hair or hash mark, think of it
as a zero line, you want to be above it when going long and you want to be below it when
going short.
It is there as a confidence booster. Just watch it for a few days and you will see why.
Just remember the Range indicator is very important. You shouldn't take the trade
unless you have the Range white line crossing the Top black line for a buy trade and
cross the Bottom black line for a sell entry.I want the Range line to be facing up or down
when it does it's cross.
A Flat Range line is a weak signal.
Use the Trend signal Arrows to confirms your entry decision. At least until you get the
hang of this setup.
When you get a Trend Sig Arrow, make sure you got Trend bars across the the DSR (
the grey hashmarks), or at least the mid line of the hashmarks before you take your
entry.
DSR. Stands for Dynamic Support & Resistance. It's support and resistance that
adjusts to price while price moves. So you want to break past S & R before taking a
entry on a trade. You might even want to wait for price to retest the S & R that you just
broke thru before you enter a trade.