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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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    Well, we can make consistent amount of money from forex trading, in as much as we keep on learning and knowing how the business works, forex trading is risky but then we can succeed the more when we learn. Thus, knowing how to make use of our trading strategy is not simply enough, we have to know how to apply risk management to the way we trade.

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    Registered user layigold's Avatar
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    I do appreciate people who out of much concern and love took pain to share with others that which they know will add values to other people. You have given enough chart to explain your trading strategy and I must confess to you that you have really helped someone you may not know. I will try to work with this system to know its area of strength and weakness. There is no trading strategy that is 100% perfect but with good trading pschology on the part of the trader , you complement the rest.

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    Registered user cutiekc's Avatar
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    I have no doubt about the amount of money which we can make with the use of indicators. Furthermore to make money from forex trading which ever trading strategy we should make use of has to be learned. In recap, what matters is that the risk management is been used to ensure that the loss is lessen.

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    Registered user shambca7's Avatar
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    Quote Originally Posted by cutiekc View Post
    I have no doubt about the amount of money which we can make with the use of indicators. Furthermore to make money from forex trading which ever trading strategy we should make use of has to be learned. In recap, what matters is that the risk management is been used to ensure that the loss is lessen.
    Yes this is right trading with money management and risk management can give good support to other elements of our trading. If we don't have no idea of trading and using our tools and indicator's then I don't think that any rule of trading would help us alone to make money in trading. Co-ordination is important to make a good balance in our business and transactions.

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    Quote Originally Posted by shambca7 View Post
    Yes this is right trading with money management and risk management can give good support to other elements of our trading. If we don't have no idea of trading and using our tools and indicator's then I don't think that any rule of trading would help us alone to make money in trading. Co-ordination is important to make a good balance in our business and transactions.
    A good risk management system surely will give birth to good profit as well. But most traders just can't find the elements they need in order to make good profit. First of all, the indicator isn't something that we can depend to get consistent profit. As far as my experience sees, it's just like a 50-50 chance but somehow the indicator will raise your confidence and that is rather important in here.

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  7. #16
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    Quote Originally Posted by cutiekc View Post
    I have no doubt about the amount of money which we can make with the use of indicators. Furthermore to make money from forex trading which ever trading strategy we should make use of has to be learned. In recap, what matters is that the risk management is been used to ensure that the loss is lessen.
    if we have mastered the trading system with well, and then sustain it with good psychologies where we will follow the rules for this, then, we will know how to trade properly in the market, and the income is ours, and it means, we understand to make our balance grow and protect it

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    Registered user somebullado's Avatar
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    the technical indicator system helps on referring good confirmation as trader manages with the decision to gives with the good conclusion as entering within the secure on position to eliminate the worse on risks to complete as collecting returns of pips with the commitment on following use of rules with the predefined of strategy.

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  9. #18
    Registered user cutiekc's Avatar
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    It is very much possible to make profits with the indicators but then the problem is that traders don't seem to be following the trading strategy the way they should. The indicators are profitable but only when the trader in question has followed them the right way and have good risk management.

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  10. #19
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    The indicator selection should be according to the selection of our trading strategy for example sir if you are following the trend following trading method then I would suggest you to use moving average indicator, bollinger bands also good, MACd could be also a good option. Hope this information would be enough for new members in this forum to understand the selection of indicator in forex.

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  11. #20
    Registered user cutiekc's Avatar
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    There are rules in trading and of a trader could keep to those rules, I bet they will make some good from the market. But it is hard doing that, in the sense that we all are after making fast income. Furthermore, there are good trading strategy which could be used in the market but discipline is the key to it's success.

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