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Brainwashing Trading System

This is a discussion on Brainwashing Trading System within the Trading Systems forums, part of the Trading Forum category; This is old Brainwashing system (original one) re-coded for Metatrader 4 and Metatrader 5 Metatrader 4 Indicators and template iTrend_v1.01 ...

          
   
  1. #1
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    Brainwashing Trading System

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




    Metatrader 4

    Indicators and template

    • iTrend_v1.01 indicator (attached) - iTrend indicator was updated and fixed, you can find new version in premium section here: iTrend_v1.03 600+
    • 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). Note - please use updated template file attached here (brainwashing_600++.tpl) in case you are using new MT4 builds.



    Brainwashing Trading System-usdjpy-h1-alpari-nz-limited-brainwashing-mt4.png




    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).





    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.





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

  2. #2
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    Metatrader 5

    Indicators and template

    • iTrend_v2 indicator (attached)
    • PriceChannel_Stop_v9 indicator is on this post.
    • Template (attached)



    Brainwashing Trading System-usdjpy-h1-metaquotes-software-corp-bw.png


    Brainwashing Trading System-usdchf-h1-metaquotes-software-corp-bw.png





    How to install

    • Place iTrend_v2 indicator indicator and PriceChannel_Stop_v9 indicator in indicators folder - for example - to C:\Program Files\MetaTrader 5 -scalping\MQL5\Indicators; compile indicators in MetaEditor or restart MT5
    • Place template file to template folder (for example, to C:\Program Files\MetaTrader 5 -scalping\Profiles\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 charts similar with above one).





    How to trade

    • If big dot of PriceChannel_Stop_v9 indicator is on the same color/on the same close bar with iTrend_v2 indicator's line, and
    • The line of iiTrend_v2 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.





    I traded by this system for M15, M30, H1 and H4 timeframes (for majors).
    Attached Files Attached Files
    Pulse and mr.green like this.

  3. #3
    Administrator newdigital's Avatar
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    Sometimes - we need to wait for iTrend confirmation ot be above automatic level. example - I waited 1 bar more after big dot before open the trade (+33 pips in profit for now):

    Brainwashing Trading System-gbpusd-h1-metaquotes-software-corp-wait-confirmation.png

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    Does anyone have any docs or more in depth info about how to trade this system. Thanks in advance

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    Administrator newdigital's Avatar
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    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.

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    Two profitable trades for today for USDJPY H1 :

    Brainwashing Trading System-usdjpy-h1-alpari-nz-limited-2-profitable-trades.png



    If someone needs detailed explanation of the rules and how to trade so let me know.

  7. #7
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    hi

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

    does it also work on all time frames?

  8. #8
    Administrator newdigital's Avatar
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    • If you see red big dot of PriceChannel_Stop_v9 indicator with red iTrend_v1.01 indicator, and if iTrend is above zero, and if iTrend is above the level - you are openning sell trade (on close bar)

    • If you see blue big dot of PriceChannel_Stop_v9 indicator with blue iTrend_v1.01 indicator, and if iTrend is above zero, and if iTrend is above the level - you are openning buy trade (on close bar)


    And this system can be backtested because iTrend_v1.01 indicator is having auto level feature (levels are moved based on some period of bar/time on historical data so it is allowing us to backtest this system by simple scrolling the chart back.

    Timeframes: M15, M30, H1 and H4. The best timeframes are H1 and H4. I traded it for EURUSD, GBPUSD, USDCHF and USDJPY.

  9. #9
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    why not EA, with simple reverse strategy

  10. #10
    Administrator newdigital's Avatar
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    Quote Originally Posted by greenmilk View Post
    why not EA, with simple reverse strategy
    Yes, it is good idea to use EA.

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