Buy Entry
Sell Entry
Originally Posted by thesource
Okay here is the SkyDART
The manual strategy came from the introduction of the Waddah Attar Explosion Indicator. I first used it with Isakas untill forum member Sky Dart introduced a few other confirmation indicators that provided us with very great signals last week. So I think it’s only fair that the strategy bears (or bulls) his name.
We will be using the following environment:
30 min TF
GBP/USD EUR/USD
In the Zip file you will find the following
Waddah Attar Explosion
Douccle CCI Woodies
Fibo Piv V2
xpMA
Clock V1.2
and the SkyDART template.
Here is the trading rules and how to use Waddah Attar Explosion
This indi shows four Lines
Horizontal dot line (Dead Zone)
It works as a filter for weak signals and gives no alert when the red or green histogram is under it. Do not place any trades
Red histogram shows the current down trend.
Green histogram shows the current up trend.
Yellow line shows the explosion in price up or down.
Buy Signals
Signal 1: Waddah Attar
When the Green histo goes up and yellow line goes up and green histo is higher than yellow line and both are above the Dead Zone.
Signal 2: Double CCI Woodies
CCI is above 0
Signal 3: xpMA
Price is trading above the Moving Average
Sell Signals
Signal 1: Waddah Attar
When the Red histo goes up and yellow line goes up and Red histo is higher than yellow line and both are above the Dead Zone.
Signal 2: Double CCI Woodies
CCI is below 0
Signal 3: xpMA
Price is trading beneath the Moving Average
Exit Signals
The Waddah produces a Exit Signal once either the Green or Red histo goes beneath the Yellow line. I personally recommend placing a TP of 20. SL according to own personal Risk Management.
You can also set a TS once the profit has reached the target of 15pips and allow the trade to run.
I strongly recommend getting all three signal before taking a trade.
The Waddah Attar does not repaint the past, so I preffer to place a trade on the open of a new bar once all three signals have been confirmed.
I have placed a screen shot created by Sky Dart to give you a visual.
I hope you find this helpfull. If you would like some background on the indicators we are using you can read the indicator thread here.
I would like to thank Sky Dart and MiniMe for their time and comments. MangMan is also working on an EA for this. So the more info we can give him on the manual application, the more he will have to work with.
Good Luck to all
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