Brainwashing Trading System

This is the other example of some profitable trade with this system:

There is some idea (proven idea ... proven by practics) that we can wait for iTrend confirmation and after that only open the trade. I mean: we see the dot of PriceChannel_Stop_v9 indicator without iTrend level confirmation so we can wait for 1 or 2 bars more to get this confirmation, and if yes so we can open the trade.

Originally Posted by newdigital

There is some idea (proven idea ... proven by practics) that we can wait for iTrend confirmation and after that only open the trade. I mean: we see the dot of PriceChannel_Stop_v9 indicator without iTrend level confirmation so we can wait for 1 or 2 bars more to get this confirmation, and if yes so we can open the trade.

This is example: I opened trade with "waiting for iTrend confirmation":

and according to Igorad's analyser - it is not so bad:

28 pips in profit for now by equity - look at the chart:

Hi Newdigital, am one of the people interested in understanding more how the Brainwashing system works and how to use it. Further details will be much appreciated.
Thanks

Hi Jozo,

I will try to explain more about how to trade. But geberal rules for trading are written on the first page of this thread, besides - you can see the image on this post with rules too.

Besides, Igorad created EA for this system and it will be uploaded soon.

Originally Posted by Jozo

Hi Newdigital, am one of the people interested in understanding more how the Brainwashing system works and how to use it. Further details will be much appreciated.
Thanks

For now - some more explanation about why I like this system:

I opened sell trade yesterday for USDJPY, right? And I moved stop loss according to the indicator's line. Finally - I moved it to 'profitable area' and went to sleep And you can see the results:

Read line is equity, and blue line is balance. So, it was the profit as 1,400 dollars with 1,000 dollars initial deposit 9I did not close it because I went to sleep ). And max floating drawdown was 23 dollars only.

It means: we can use this system with very small deposit size.

Brainwashing during NFP - Trading the U.S. Non-Farm Payrolls (NFP) Report

Just want to report that Brainwashing_Expert_v2 EA was created based on this system and uploaded to premium trading forum - read here Brainwashing_Expert_v2 EA for Metatrader 4 (i am starting to forward test/to trade this EA with IBFX broker with the statements uploaded on weekly basis).

Hello Newdigital,

First of all love this system as it is doing great on the M15 charts, did a few test and especially yesterday and the day before was just getting 200 pips in an hour.

I originally found this system on the Mt5 forums where you were trading on the M1 and M5 charts. Now I usually trade on M5 so my question is if you changed any of the I-trend/Price stop settings? As I seem to be missing 20 pip flows because the I-trend doesn't cross or even gets near the line. I tried tinkering with the settings but I am always afraid I mess up the flow of the indicator, haha.

Would appreciate the help