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    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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    Registered user cutiekc's Avatar
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    Believe me you, all these indicators will only work for those who have the discipline and patient of trading in the sense that you only will be able to make money from forex trading when you can be disciplined and keep to your trading discipline, if you can not do that then know that not even the perfect strategy will work for you.

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  3. #32
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    Quote Originally Posted by cutiekc View Post
    Believe me you, all these indicators will only work for those who have the discipline and patient of trading in the sense that you only will be able to make money from forex trading when you can be disciplined and keep to your trading discipline, if you can not do that then know that not even the perfect strategy will work for you.
    [lang=ms]i agree with that any good indicator it complete work when use and practice with patient and discipline in trader self.without patient and discipline most of position trading is more to loss and the account alway be loss.want to be self alway discipline and more patient it not easy and it take more time and learn from experience also which when loss because our mistake not discipline we learn something new here[/lang]

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  4. #33
    Registered user Azis Muslim's Avatar
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    Quote Originally Posted by KB streetboy View Post
    [lang=ms]i agree with that any good indicator it complete work when use and practice with patient and discipline in trader self.without patient and discipline most of position trading is more to loss and the account alway be loss.want to be self alway discipline and more patient it not easy and it take more time and learn from experience also which when loss because our mistake not discipline we learn something new here[/lang]
    Thank you for leaving such an advice here sir. Yes, we must know how to use a strategy and figures every points it has, which is good or bad. Once we know about our strategy well, then we may apply it in our live trading. Always note that we must test in in demo first, I think we already understand that. The rest of the story depends on our understanding and psychological. If they stay stable, things will always be better. Kindly if you have any questions about my strategy please ask me here.

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    Registered user strobstrob's Avatar
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    This is great indicator . But problem with it is that if we use it alone without any other corective indicator it can lag so much and produc e many false entries as well as hitted stop loss targets. Idea about reversals and further advance is much safer to conducted with simple Fibbo levels.

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  6. #35
    Registered user Azis Muslim's Avatar
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    Quote Originally Posted by strobstrob View Post
    This is great indicator . But problem with it is that if we use it alone without any other corective indicator it can lag so much and produc e many false entries as well as hitted stop loss targets. Idea about reversals and further advance is much safer to conducted with simple Fibbo levels.
    And the good thing is that I only use 1 indicator here. If you saw all the things in my screenshot, they're just some trading tools and few lines that manually drawn by me. Even though I used them all at once, I never felt any lags in my trading platform, even my internet connection was dropping. Well, this is just an idea of myself about my strategy. I just share it to others who still looking for a better one to trade and I wish I could help them out of their problems. Anyway, thanks for leaving a comment here sir.

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  7. #36
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    Hence, trading with the indicator is really nice because the indicators serves as tool that we will use to analyze our trades very well before trading the trade. But not that the indicator used does not and will never guarantee success or profit making in your trade, rather, the strategy and the analysis with self discipline we used to setup our trade is what will enable us to trade and make profit in our trade.

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  8. #37
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    These sre proper working stances that we see when we trade forex for right reasons that we have to run the market with good informations that we are able to understand the running of the market choices that we have to value when we trade and we are all in the right side of the market with it

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    I see a very good indicator with a very very detailed illustration . which i may not be able to assemble all of its meaning together . so i hope to add another simplified and concluded way to illustrate them correctly . so i think that it can be very good for us to read less and understand the more .

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    Quote Originally Posted by KB streetboy View Post
    [lang=ms]i agree with that any good indicator it complete work when use and practice with patient and discipline in trader self.without patient and discipline most of position trading is more to loss and the account alway be loss.want to be self alway discipline and more patient it not easy and it take more time and learn from experience also which when loss because our mistake not discipline we learn something new here[/lang]
    Indicators that are good or bad are in the forex market, it is by practices which traders will know what the indicators want and how they can be using it to get more results to what they are doing them with, You can not claim you will make good results when you do not have the practice on the indicators you will use for that reasons.

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  11. #40
    Registered user Azis Muslim's Avatar
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    Quote Originally Posted by hosny55 View Post
    I see a very good indicator with a very very detailed illustration . which i may not be able to assemble all of its meaning together . so i hope to add another simplified and concluded way to illustrate them correctly . so i think that it can be very good for us to read less and understand the more .
    Unfortunately, all the information that I have explained in this thread is shorter than the information I learned before. The material that I have described here is all the information that is most important. Therefore, such information can not be shorten again. If you have any questions about the strategies I shared here, please ask me directly. I think all of them are connected and I have explained them in their very details. Perhaps it confuses you a bit since this is a new thing for you to see.

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