(Detects
turning points in the market, accurately)
Trend‐compass
system. A system that is aimed at detecting turns in themarke with
over 90% accuracy.
Metatrader
4 Indicators
Ehlers Fisher Transform (Signal Line is dotted while transform is not)
Smooth Candles C v1.0 (another alternative could be EMA 5 and EMA 7).
Elders Safe Zone
Pivots
You could choose to use either Smooth Candles or EMA 5 and EMA 7. Try both if you
wish, the one you prefer based on clearer signals is what counts.
General rule, place Monthly Pivots on 4hr, Weekly Pivots on 1hr and Daily Pivots on
1m, 5m, 15m and 30m(Not engraved on stone please).
I actually prefer smooth candles for reducing noise (and sometimes lag). It also shows
a clearer angle and separation. This clears doubts.
Time
Frames: 1hr (that’s all I use), 4hr and 15mins can also be added (multiple
timeframe).
According to the experts, use larger timeframes to know the main trend and if
possible, trade in that direction. (I don’t follow this rule but, it could improve your
trading skills). And use smaller timeframes for entry.
Risk
To reward ratio: 1:1 to 1:1.10 (not a typo!!!!!!)
This is based on stoploss to takeprofit.
Entry
Rules
Buy
BLUE MA > RED MA (When Blue MA is above Red MA).
Transform > Signal Line (When Transform is above Signal Line).
When candlestick is above Elders Safe Zone.
Stop
Loss
Few
pips below Elders Safe Zone.
Sell
BLUE MA < RED MA (when Blue MA is below Red MA).
Transform < Signal Line (When Signal Line is below Transform).
When candlestick is below Elders Safe Zone.
Stop
Loss
Few
pips above Elders Safe Zone.
Fixed
exits:stoploss:takeprofit ratio=1:1to1:1.10
Variable
exits:
Exit
buy:
when candlestick falls below elders safe zone and the elhers fisher
Transform is above 0.0
Exit sell: when candlestick falls above elders safe zone and the
elhers fisher Transform is below 0.0
Resistance
and support stops (recommended): this is using resistances
And support to trail your profits. This is done by placing you stoploss few pips Above a resistance (for sell) or few pips below a support (for buy).
If a whipsaw Occurs, your order is closed in profit. This is explained later on in relation to flat
Trends.
Signals are more accurate for Ehlers Fisher Transform when: You buy when below the zero line and you sell above the zero line. Please, this is not engraved in stone.
The Moving Average (MA) is a wonderful tool for measuring the slope of the trend and its strength also. When both MAs are pointing upwards, it’s a bullish market, pointing downwards, it’s a bearish market and when flat, sideways trend. The angle of separation of the MA’s shows strength of the trend. The wider the gap between both
MAs, the stronger the trend.
In
the pictures the trading system
Live
Trades with Trend‐Compass System
The
red vertical line show where the trading system gave an entry signal.
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