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810# Classic Indicator Strategy

Three arrows for confirmation

Price action strategy

Submit by Janus Trader

 

Classic Indicator Strategy is a price action strategy. The signals are generated by the concordance of three arrows. The first is based on the Zig zag, the second is the classic beast super signal that slowly recalculates, the third is the so-called red arrow. Then as an optional confirmation I added the verification of the inclination of the STR Conf projection, (the upward projection confirms an upward trend in the price, a downward projection confirms a downward projection of the price.

The system does not generate many signals, but it has similarities with my Future Projections and Agimat system, so to trade with this system you have to trade with at least 12 open charts, this system has good profitability.

Time Frame 30 min or higher.

Currency pairs: all and Commodities.

Metatrader indicators setting:

Star, alias 3 ZZ semafor default setting.

Arrow red .

Enter signal indicator (blue arrow).

Arrow white Beast Super Signal default setting ( this indicator recalculates slow) If you don't like this indicator you can replace it with Half Trend amplitude 2 or with step MA 7.2 length 10 Kv 5, step size 10. I use Beat super signal to clean the chart but it's the same thing.

Price grid.

STR Conf (14, 14, 1, 50).

Trading rules Classic Indicator Strategy

Buy

Star below the candle.

Buy Enter signal

Buy Arrow red.

Buy Arrow whithe (or Step MA or Half Trend).

Buy when all three signals occur.

Initial stop loss on the previous low swing.

Profit target with ratio 1: 1.12 stop loss or on grid levels.

Sell

Star above the candle.

Sell Enter signal

Sell Arrow red.

Sell Arrow whithe (or Step MA or Half Trend).

sell when all three signals occur.

Initial stop loss on the previous low swing.

 

Profit target with ratio 1: 1.12 stop loss or on grid levels.

In the pictures Classic Indicator Strategy

Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy with Step MA
Classic Indicator Strategy with Step MA
Classic Indicator Strategy with Half Trend
Classic Indicator Strategy with Half Trend
Classic Indicator Strategy with
Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy with Half Trend
Classic Indicator Strategy with Half Trend
Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy.rar
compressed file archive 194.7 KB

Classic Indicator Strategy

Update 19 12 2019

The update was suggested for practical reasons in order to limit recalculation as much as possible, not everyone likes it. Ok. I replaced arrow red with the Profit Master V.3 (not recalculated) and I slowed down the recalculation of the white arrow (Beat Super signal) with a slow setting.

 

The rules are like the previous ones. To buy or sell there must be three arrows in the same direction. The update will make the system more usable. You are free to replace arrow white with the indicators recommended above.I believe that with this update the strategy is improved and easily assessable.

Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy
Classic Indicator Strategy
classic indicator strategy update.rar
compressed file archive 148.7 KB
Comments: 2
  • #2

    LEONVV (Thursday, 13 February 2020 10:25)

    Hi Janus
    You can`t do a system like the 3arrows on Youtube?
    i have a System with arrows, but not working 100%. Can`t you maybe help me to fine-tune it and then we can help a lot of people with a great system for free.
    let me know.
    leonvv@telkomsa.net

  • #1

    MugunthanKumar (Thursday, 19 December 2019 06:37)

    Nice Indicator...... Thanks

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