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  1. #1
    Rookie 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. #21
    Rookie Azis Muslim's Avatar
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    Quote Originally Posted by Doge View Post
    This looks like a similar approach to Murrey Math lines and Classic Pivot Points to some extent. Both are quite nice tools, CPP actually having solid fundamental basics in the markets it works and MML while not so good by themselves are a stylized version of Gann's Master Charts, which can be extremely accurate if we get the price/time numbers corretcly.
    Similar in few things but for me this one is better. I tried many times applying many tools such as indicators but failed to make a good result. Trading with complicated methods is not my style, that is why I chose to trade with simple indicators and few trading tools such as lines to draw my analysis manually. And the best thing from all that I don't depend on any fundamental analysis, focus on technical only. Using both analysis at the same time will blow my head so I don't like fundamental.

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  3. #22
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    What i can say i like mainly about this indicator is the way it is detailed in the explanation pf the creator here. It shows this is the way to do trading under monitoring and the way to do analysis in the way you understand it. I will try to learn it has explained, and i believe it is going to get me some money as i am doing it as you explained here.

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  4. #23
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    Quote Originally Posted by Azis Muslim View Post
    Similar in few things but for me this one is better. I tried many times applying many tools such as indicators but failed to make a good result. Trading with complicated methods is not my style, that is why I chose to trade with simple indicators and few trading tools such as lines to draw my analysis manually. And the best thing from all that I don't depend on any fundamental analysis, focus on technical only. Using both analysis at the same time will blow my head so I don't like fundamental.
    Wow nice buddy you are once again back in the forum and I am very happy to see you again in the forum a warm welcome from my side. Your are one of the very old member of this forum, I am agree with your words that complicated trading methods have only wrong impact in trading. Frankly speaking I am also paying more attention on technical analysis in forex like you buddy.

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    Rookie Azis Muslim's Avatar
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    Quote Originally Posted by Earnperfect View Post
    Wow nice buddy you are once again back in the forum and I am very happy to see you again in the forum a warm welcome from my side. Your are one of the very old member of this forum, I am agree with your words that complicated trading methods have only wrong impact in trading. Frankly speaking I am also paying more attention on technical analysis in forex like you buddy.
    Glad to be back here sir
    Things are changing here a lot when my last visit in this forum and the best thing to know that most people still remember me, unbelievable Thanks for leaving such a kind words here sir and yes, some of us work for technical analysis while others do only the fundamental or even do them both at once. Well, all I can say is that each of us here have our own abilities in many different ways. As long as we like they way we do and make money, it's good thing to do.

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    Quote Originally Posted by Azis Muslim View Post
    Glad to be back here sir
    Things are changing here a lot when my last visit in this forum and the best thing to know that most people still remember me, unbelievable Thanks for leaving such a kind words here sir and yes, some of us work for technical analysis while others do only the fundamental or even do them both at once. Well, all I can say is that each of us here have our own abilities in many different ways. As long as we like they way we do and make money, it's good thing to do.
    No doubt i remember everyone here in the forum, barring some new members. I am a scalper and short term trader. Small time frames can be suited for scalpers as they would need the short term trend. As we know many factors matters in the success of traders and it all depends on your style of trading to determine what is more useful.

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    Actually, it is not the indicator that will determine how profitable you will be, due to the indicator is there for you to make use of it and analyze the market. Then getting the important movement, the decision is left for you to follow the indicator or go against it, then often at times it should be known that even following the indicator will lead to loss, then it has to be followed with caution and risk management.

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  8. #27
    Rookie Sascha's Avatar
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    Quote Originally Posted by sharegistFX View Post
    Actually, it is not the indicator that will determine how profitable you will be, due to the indicator is there for you to make use of it and analyze the market. Then getting the important movement, the decision is left for you to follow the indicator or go against it, then often at times it should be known that even following the indicator will lead to loss, then it has to be followed with caution and risk management.
    yes i read about some article that indicator or even our trading strategies and plans are the second things to worry about. the main thing before all of them is our psychology and healthy in mind, body and soul. having a good psychology and that 3 things healthy, no matter how bad the strategy or plan, we can make it work well because our brain will receive all the ideas with confidence and believe.

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  9. #28
    Trader cutiekc's Avatar
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    The indicator does no trade for us, what which trades for us is us, in the sense that we carry out the trade. That is the reason why as a trader things has to be learned, you have to understand the market before you can make consistent profits. Furthermore a traders emotions has much things to say on how consistent he is or how good he is with trading.

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  10. #29
    Rookie Azis Muslim's Avatar
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    Quote Originally Posted by cutiekc View Post
    The indicator does no trade for us, what which trades for us is us, in the sense that we carry out the trade. That is the reason why as a trader things has to be learned, you have to understand the market before you can make consistent profits. Furthermore a traders emotions has much things to say on how consistent he is or how good he is with trading.
    Indicators doesn't trade for us, because they're just bunch of trading tools to help us as trader to analyze the market movement. The only decision of trade comes from ourself as a trader. Tools can not do that, because we do the work and make the decisions. They are just helping us, you know like other tools that make human's job easier and faster. Anyway, do you have any answers regarding to this indicator or my strategy? Please let me know if you got one in your mind.

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  11. #30
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    Quote Originally Posted by cutiekc View Post
    The indicator does no trade for us, what which trades for us is us, in the sense that we carry out the trade. That is the reason why as a trader things has to be learned, you have to understand the market before you can make consistent profits. Furthermore a traders emotions has much things to say on how consistent he is or how good he is with trading.
    Indicators are just tools for us and the final decisions is always ours. No matter what our strategy is always low risk for trading is one of the better option for majority of traders and i am also likes to stay in trading with low risk. Always low risk is clear our fear and can make us very serious for trading.

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