Brainwashing Trading System

Thanks a lot newdigital.

That means I have to grind it out painstakingly.

Thanks.

iTrend indicator was updated for 600+ build in premium section within Brainwashing EA (which was updated as well) :

BrainWashing EA for MT4 build 600++

Just some example of open trade for now using this system with Brainwashing EA :

Originally Posted by afordyce11

hi

could i have a detailed explanation even though it looks straight forward thanks

does it also work on all time frames?

Hi Newdigital,
is this indicators and system can be used on Renko Chart . Thank you

You mean - with Modern Step Charts? Yes, may be ...

I will attach the indicators to see ...

Originally Posted by tgee

Hi Newdigital,
is this indicators and system can be used on Renko Chart . Thank you

I just took 2 indicators for this idea :

• StepChartBricks_v2 600+ indicator from this post.
• iTrend_v1.01 indicator from this post.

Those 2 indicators are from premium section and working with MT4 build 600+.

Yes, this idea may work but it should be different rules for this Renko iTrend system :

Originally Posted by newdigital

This is old Brainwashing system (original one) re-coded for Metatrader 4 and Metatrader 5

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Metatrader 4

Indicators and template

• iTrend_v1.01 indicator (attached)
• PriceChannel_Stop_v9 indicator is on this post. PriceChannel_Stop_v9.2 600+ indicator is on this post. This version works with Metatrader 4 build 600 and above.
• Template (attached)

Attachment 1221

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How to install

• Place iTrend_v1.01 indicator and PriceChannel_Stop_v9 indicator in indicators folder - for example - to C:\Program Files\Alpari MT4\experts\indicators; compile indicators in MetaEditor or restart MT4
• Place template file to template folder (for example, to C:\Program Files\Alpari MT4\templates)
• Open chart, right mouse click on the chart, select our template by name - and indicators with the settings will be loaded (you should have the chart similar with above one).

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How to trade

• If big dot of PriceChannel_Stop_v9 indicator is on the same color/on the same close bar with iTrend_v1.01 indicator's line, and
• The line of iTrend_v1.01 indicator is above zero by value and above the level so
• open the trade: blue color for buy, read color for sell, initial stop loss is on dot of PriceChannel_Stop_v9 indicator moved by trading stop according to the lines of this indicator.
• Please note: system is traded on close bar, means - wait when the bar with valid signal will be closed.

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I used this system for M15, M30, H1 and H4 timeframes (for majors).

what is the white line in the i-trend? the purpose?

This is level.
Dotted horizontal line is the level for now, and white horizontal line is the level in past (because the levels are changed from time to time).

If iTrend indicator's value/histo is above this level so buy or sell signal is confirmed.

You can scroll the chart to the right to backtest this indicator (use dotted line and after that - white line).

This is example with open trade for Brainwashing EA for now:

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1. Public section

Brainwashing Trading System is on this thread
- for MT4 is on this post; improved version for MT4 build 600 for build 600+ is on this post (premium section).
- for MT5 is on this post

2. Premium section

BrainWashing EAs
- Brainwashing_Expert_v2 EA is on this post, indicators for this EA is here.
- The settings for M15 timeframe is on this post.
- Brainwashing_Expert_v2.1 EA together with indicators are on this post. This version works with Metatrader 4 build 600 and above.
- Brainwashing_Expert_v2.2 600+ EA is on this post. This version works with Metatrader 4 build 600 and above. This version is using indicators from here

iTrend indicator was updated (the update was done for manual trading only) to work with Renko charts. Go here for more information.