Brainwashing Trading System

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) - 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.

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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).

Metatrader 5

Indicators and template

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

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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).

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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_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.

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

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):

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

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 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.

Hi..

Plz explain more abt this systems...So that it helpfull for all traders.

Plz help me....

Originally Posted by svinoth

Hi..

Plz explain more abt this systems...So that it helpfull for all traders.

Plz help me....

why are you asking? this is 3 pages thread. Look at the first post of the thread with indicators, how to install and how to trade.

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By the way - do not place your email address on your post