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  1. #1
    Registered user Azis Muslim's Avatar
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    Consistence Profit Indicator

    Hi guys

    This time I want to share you all the one and only indicator I use to trade in forex market. It is Consistence Profit Indicator (CPI), created by an Indonesian trader and shared through all my forex community. I remembered that I got some questions regarding my strategy in my trading journal about this indicator but I didn't share it to them at that time. But now, it's all for you.

    Discussing about an Indicator, first thing come to our mind is how to use it to analyze the market? What are the advantages and disadvantages? Here I will explain this to you how to analyze market then correctly go long or short. In this thread, I will only choose EUR/USD to trade with hourly time frame. Here's the indicator first, for you to download and apply it to your MT4. Attachment 13288

    RULES EXPLANATION

    The rules are simple, according how much risk we want to take and depends on how much profit we want to earn daily. For example, we have a plan that we must take at least 3 chance to get into the market daily and make some money.

    Everything will be set up automatically, so we just need to insert the indicator then boom, here it goes. There are few lines with various color in the indicator. The yellow line is an Open Market price (OM). The red lines below and above the OM is T30, a correction line. T30 means Trend 30, which describes a 30% correction of yesterday High and Low price (HL). And some magenta lines above and below the T30, is also correction lines with various levels, depending on the numbers after T.



    And there are few purple dot lines in certain level. It is called Magic Numbers. They are 22, 55, 88, and 72 (alternative), for example 1.0922, 1.955, etc. Those lines are useful to recognize reversal or trend-continuing movement, depending on the price which breaks one of the level or not. If the price breaks 1 level, it will try to break the next one. If it fails, most of the time it will move reverse.



    a. sell
    Usually, EUR/USD tends to continue its previous trend for few pips then go for a correction. The minimum amount of correction of a trend or the continuation is 30% of previous pips made (highest level - lowest level). For example, yesterday's high and low point was 90 pips above. So, we can calculate them 120 pips x 30% = 40 pips minimum. The 30% correction shown with red lines above and below the opening price. See the screenshot below:



    b. buy
    The rules are all the same, as long as we calculate yesterday's 30% minimum correction of high and low level price, we can easily take action when the time is coming. See the screenshot below:



    TRADING DAYS

    Trading days are also important to trade. In some days, we can simply analyze how much market will move and we can decides which actions should be made or how much profit we can get. As we know that in common, market will starts in Monday at 4.00 to 5.00 AM server time and ends in Saturday at 3.00 to 4.00 AM in the MT4. But in this strategy, we will start the day trading from Thursday as the open market day and Wednesday as the close market day. Let me share you some tips for each day trading, starts from open market day.

    Thursday
    This day is the highest volatility day for traders. Market's movement range scaled from 90 to 140 pips or more. Very risky to traders who wants to trade safely or for scalpers. But this day is very suitable for swing traders or high risk trader to earn a lot of money. Not guaranteed to trade in US market time.

    Friday
    The most easiest day to get profits, according to my experience. We just simply follow the previous movement or use the indicator. When we see the price doesn't break the Open Market price (OM), it will continue its movement, whether its down or up. Has same market movement ranges like Thursday.

    Monday
    Market's will tend to move slow (sideways). This is a good opportunity to trade for safe trading and will perfectly fits the strategy. Range scaled from 30 to 60 pips.

    Tuesday
    Sideways market in second part. Has same range movement as Monday.

    Wednesday
    Market's closing day. Just like 2 previous days, it has sideways movement. But sometimes can get bit volatile when market enters the US time. Trade wisely.

    Here's the example of 1 week day trading (with some details explained):



    Alright guys, that's all I want to share to you. If you have any questions or ideas regarding my thread, just leave some replies here. I would like to help you here.

    Thank you very much and trade safely.

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  2. #1711
    Registered user sniper007's Avatar
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    Quote Originally Posted by choaa View Post
    All type of costume indicator are good for trader to identify the market for getting everyday good profit or loss in it. So most of time i have use and prefer bollinger band and Rsi indicator strategy for everyday trading on market and sometime i have get good profit and sometime good loss from it. These both are very consistence profitable indicator for trader.
    I have never liked the use of those costume indicators, because we have already enough and when we keep on applying those other once, we could be the cause of the losses, whereas there are some good strong indicator such as the bollinger band, I see no reason why I should then go on to want to make use of other customized indicators.

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  3. #1712
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    There is no one strategy is persistent for losses or for winning the profits so this is actually rely upon the knowledge and the carrying abilities of the traders that allow them to make the money as well from the forex market so any working tool could be the best choice when we have the lot of information for controlling the trade process and get the helpful winning powers through it .

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  4. #1713
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    Quote Originally Posted by mudassor View Post
    I like the technical tools that are giving us the signs of making the trade in the right forms and with these indicators we can easily connected with the success by resolving all the issues so we make the trade strategy very well and with the proper practices and testing will obviously act perfectly and we can consistently wins success .
    It is really very effective and reliable way for trader to follow the market after getting strong signal market real direction well with the power of technical trading method you should easily get success on it and make everyday good profit or loss in it. Bollinger band and moving average indicator are very effective and powerful indicator strategy for our trading business.

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  5. #1714
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    Consistence profit indicator are every effective and powerful way for trader after it you should make everyday successful profitable indicator to identify the market for getting everyday good profit or loss in this business. You have need to find that market lower risky and highly risky area well for getting everyday good profit in this business.

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  6. #1715
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    Quote Originally Posted by Runner View Post
    There is no one strategy is persistent for losses or for winning the profits so this is actually rely upon the knowledge and the carrying abilities of the traders that allow them to make the money as well from the forex market so any working tool could be the best choice when we have the lot of information for controlling the trade process and get the helpful winning powers through it .
    Such strategy as scalping is so poor to the point that I don't think there is any way by which the trader will be able to have made use of it and then be consistent. I use price action and my losses as been because of the fact that I lack in some discipline, but I have been trying to improve as my analysis has always been right as well.

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  7. #1716
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    Discipline is main requirement from trader because if we do not discipline then our developed strategy may go wrong so for security and for good ideas of trading we need to be careful in trade and have successful trade results we get success by any way of trade we select but we have to make sure our discipline in market .

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  8. #1717
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    figurative discipline of the same activity is carried out every time maybe like that, so if we are not disciplined on the rules of our trading method, then we violate the rules of our strategy, because discipline is something the same if not the same means something is wrong.

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  9. #1718
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    We need to be work with fully disciplined and through the right use of strategies without discipline our efforts and experience does not beneficial enough for us , but if we have discipline in trade and have good approach of using money and risk management so that will help trader to achieve easy success in market .

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  10. #1719
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    maybe not easy but a little easy, because something success is the time to achieve it, meaning money management plays an important role in that, because it is money management that makes us survive in the market longer, and something we discipline is a systematic habit that must be maintained.

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  11. #1720
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    For improvements in our trading that helps a lot by enhancing our earning ratio that can possible after good selection of indicators by using them in correct direction. so i must say if we choose bets indicator than we can definitely made big profits, for this purpose i like to trade with Bollinger bands which is best to make a profitable trade.

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