In one day, 100,000 yen → 17,000 yen plus (as of writing) a free indicator, and I’ll be doing distribution trades, that’s the story

I hate to say this, but it’s an unexpected result.

Since posting yesterday’s article, I was thinking which indicator to use, and I decided to use the indicator introduced in FX Keystone’s “free disclosure of Dow Theory-based MT5/MT4 indicators! (ZigZag automatically identifies swing lows/highs at turns)” article.

I’ve used Keystone’s indicators quite a bit, even before I developed my own indicators and EA. So at first I thought I’d start from there!

The signals appear like this. And for some reason, on this broker, even if I turn off white price text, it doesn’t disappear. So the screen will flicker even during the stream. Also, I’m not sure if I’ll enter at the right timing. Previously, I had it set up to enter using my own indicator, so I think things will change quite a bit.

The functionality has been modified.

・0.1 lots

・0.08 lots with take profit at 10 pips

・0.02 lots with break-even position set at 5 pips after reaching 15 pips

・Start trailing at 20 pips

・No stop loss

With the above settings, I’ve been running since last night. It’s partly due to the market conditions, and partly because the indicator used leverages the essence of the market, so I feel it’s yielding good results. I hope there will be entries during the stream as well.

Originally, I developed RUSING for this kind of thing!

The aim of developing RUSING was not to rely on indicators, but to enable us to think about trades. Therefore, using free indicators like these and achieving interesting trades is a form of achieving that goal. If you continue to use this indicator, you’ll likely need to identify stop-loss levels, set filters, and possibly switch brokers (since price flicker is annoying).

By the way, Dow Theory and Zigzag are not easy to use as trend-following filters. Zigzag itself requires several confirmed bars (default around three) before a peak/valley is recognized. So even if you think “I wish I could catch this peak or valley,” it’s difficult. It’s the same as fractals. Even if a signal is generated, you’ll get it after several bars have progressed, so you can’t catch it, and there will be people saying it repaints!(Note: RUSING also has a feature to pick up past bars.)

I’ve also created several indicators that generate pseudo-zigzags and use them for entries... there are some interesting ones (though the specifications are a bit complicated, so they’re unlikely to see the light of day). Oh, tomorrow, let’s do a free-distribution indicator that repaints! This one is also based on Dow Theory, aims to find highs and lows, and creates entry points. The “☼” appears at forming highs or lows, but it moves if the highs/lows are updated, so entering on the ☼ signal would be a disaster (in the first place, this is not an indicator for entering on solar signals).

So, tomorrow’s indicator is decided, and that’s all for today! I’ll stream from 9:00 PM.

Trading with RUSING on weekdays around 9 PM!