Egwig's Strategy

[Egwig]

Download and unzip.

Place in the templates folder.

Drag onto any chart.

Egwig

[Egwig]

I prefer to use the slower pace of the H1 chart.

The strategy works well, however, on other TFs.

Have a play with the 4H, and use the 4H to check out the trend when placing a trade on the 1H.

Just click the 4H button on the toolbar when using the 1H chart.

It can give a good idea of how things look higher up.

When the signals seem a bit slow in the higher TFs have a look at the 15M. Check out any signals against the 1H and trade the same setup.

The attached image shows a good setup for today on the 15M.

Many other pairs showed a similar trend.

Egwig

[Jim67]

Hi Egwig,
Is there anyway to have the Price Labels display as you last chart?

Having price at Buy/Sell Confirmation level and SL would be a great addition - especially for entering Stop/Limit orders.

Cheers,
Jim

[Egwig]

Originally Posted by Jim67

Hi Egwig,
Is there anyway to have the Price Labels display as you last chart?

Having price at Buy/Sell Confirmation level and SL would be a great addition - especially for entering Stop/Limit orders.

Cheers,
Jim

Funny you should ask that.

This rather splendid feature is already built in to the Egwig indicators.

Not quite in the way you suggest; a little more subtle perhaps.

Simply hover your mouse pointer over the relevant point and the info is displayed magnificently as in the attached.

Have a peeky.

Egwig

[okitikan]

I apreciate this simple neat and profitable system Egwig,iam already testing it.

[Egwig]

Originally Posted by okitikan

I apreciate this simple neat and profitable system Egwig,iam already testing it.

Thank you, Okitikan, for your kind words.

I hope you do well.

Egwig

[okitikan]

Kindly help by alerting the buy and sell arrow pls,that will reduced stiring at the screen.

[Egwig]

Originally Posted by okitikan

Kindly help by alerting the buy and sell arrow pls,that will reduced stiring at the screen.

I draw your attention to the pdf manual.

It states that when the arrows appear, 'An alert sounds.'

If you are not hearing the alerts check that they are functioning by testing another indicator or EA that you know works.

This is a particularly important part of the strategy.
You don't have to be at the screen permanently.

I spend time anywhere in my house wearing wireless headphones.

I look a bit odd but I hear the alerts wherever I am.

Egwig

[Egwig]

I almost took this 'perfect trade'

Narrow escape.

Egwig

[Jim67]

Nice +75 pips on EURUSD
Egwig what are you finding is the best TP target? .. or do you just use the trailing SL?
I have been targeting 1.5 to 2 x initial SL - as this example - makes nice R:R ie. 1:2