I'm starting this thread to explore the ICWR Trading System. It stands out for Impulsive/Corrective Wave Retracement. I have had my best week so far and began playing with this egy!
I am attaching a pdf explaining the plan. The idea is having the confidence to stay in the trade for the volatility. I am working on an EA. See 2 entries to be seen by the EURUSD graph. I am setting up a normal trade which would've happened where you see the line, where you see that the RED line, and a DARE ME commerce which would've happened. Both would've been winners...123 (Dare Me) and 106(Standard) pips.
I hope there'll be some interest in this subject. I will probably upload the autotrader but here is some info to get started.
I'm also uploading the index which is employed with the system(not made by me personally). There are a few out there, but this one works nicely. It draws on you the fibo. I have been using the charts and enjoy that pretty well so far.
Standard Trade requirements
- the 7MA gt; 21MA
- the 21MA gt; 49MA
- the STOCH (21,14,14) - the Main line gt; Signal line
- RSI(14) gt; 50
Dare Me Trade requirements
- the STOCH (21,14,14) - the Main line isgt; Signal line
- RSI(14) gt; 50
hey guys, I have uploaded version 2 of my EA. You may notice 5 fresh buttons....CL-25 thru CL-75 and NO SL button.
After you open a commerce(with or with no SL set), you can press any of the four CL buttons along with the SL will automatically be moved to that level. It is possible to press the next level and it will be moved to that level for you.
IF YOU KEEP among the CL buttons on (maroon), the SL will automatically move if that fib level moves during the transaction.
IF YOU want the SL to stay wherever you have it in the moment, click on NO SL to TURN off the AUTOMATIC SL MOVEMENT.
So, as your transaction moves in your path(we hope) and also the fib expands...shing the fib levels, you can automatically put the SL and it will move accordingly.
**************************Version 3 update uploaded 9/15*******************************
I included BOF and BOP buttons for placing pending trades based on the fib 0% and 100% levels (BOF) and pending trades depending on the present price(BOP).
Please refer to article # 108 to get a much better description.
**************************Version 3.1 update uploaded 9/22*******************************
I have changed the time period for your Standard and Dare Me buttons to be on the timeframe of your graph. I have not tried it outside yet! I also included the set name and also the spread for the set...color coded green or red depending on which your variable for Spread_Max is. I have it set for 3. = 3, the square will be red for caution if the spread is gt. If less than 3, green to get okay. Just sort of a visual....
Perhaps when I get the autotrading going, I will incorporate that to be a factor in choosing a transaction or not.
**************************Version 3.5 update uploaded 9/28*******************************
I have added 2 buttons for AUTOTRADING that EA.
See article # 123 for more info on 2 new buttons I set up for Autotrading so we wont have to babysit all day!!!!
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