Brainwashing Trading System

Originally Posted by elite_1

Thank you very much newdigital

BTW I am confused with the open trade for this system. Do i trade when the bar hits over the white line or on the dotted line?

Dotted line on close/next bar confirmed with iTrend indicator with value to be more than white line.

iTrend is similar with volume in the market ... in the forex - it is "volume" (not real one) but anyway - using this iTrend so you are having some feeling that you are trading with everybody - with the majority of the traders (if all the people are placing buy order so you will place buy too). This is the significance of iTrend indicator in separate window - trade with majority of the traders (with everybody).

That is why iTrend indicator is the great filter in forex.

Originally Posted by newdigital

Dotted line on close/next bar confirmed with iTrend indicator with value to be more than white line.

Hi there newdigital. What do you mean by this in layman's term? Did you mean to close the transaction once the trend hit the white line? Thank you.

Not.

Trade is valid if

- you see the the dot on previous bar, and
- it will be validated by iTrend indicator in separate window (on previous/close bar too).

This is signal system, and all signal systems (incl EMA crossing etc) are traded on close bar. It means: all the signals together with the confirmation/filter/iTrend should be on previous bar, and you open the trade than - when you see all those signals/confirmation.

means: you see the signal, check for the confirmation - and you are waiting for this bar (with the signal) to be closed. This bar is closed - new bar is open - you see same signals and confirmation on previous bar - and you open the trade.

I can make live trading on this system if necessary (with the charts/explanation posted) - and you will see when and why in practics - on Monday - when market will be open sorry.

Correct me if I'm wrong please. So it's like waiting a new bar as an indicator before opening a trade?

Yes.
because you see the signals and confirmation on open bar. What is the open bar? This bar was not finished yet ... it is same as the weather today ... what is the weather today? Good? we do not know because this day is not finished yet. We can say about the weather for the previous day ...

Same with open bar ... if you see the signals/confirmation on open bar so wait for this bar to be close and new bar is open, and if you still see same signal/confirmation on the bar (it will be the previous bar in this case) - open the trade.

Example:

So I need to wait for 2 bars to close before I open a trade.

In the iTrend indicator should the signal be above the red dot line or the white line to open a trade?

You need to wait 1 bar to close - you need to wait the bar with the signal to close.

Originally Posted by newdigital

Hi svezir,

I am author of this system ... and I traded this system live for many months. If you need some detailed explanation so let me know.

I like this system because I can use it with very very small deposit.

Hi,

I have set up several charts with this system and I have been very impressed. I feel I now need to get inside the system so I can tweek it to my style. Would you have any instructions available or can you point me in the direction of where they are published in case I've missed them.

Great work,

Dennis