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Trade60sec version 2

Trade60sec ADX

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15 replies to this topic

#1 Rarno

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Posted 14 February 2019 - 10:46 AM

Hello traders,

 

I found an updated version of Trade60sec.  It is called Trade60sec2.   The "2" does not stand for version 2 of Trade60sec but stands for 2 ADX indicators used in this new version.

 

Unlike the first version, the arrow now appears on the current candle but it is still delayed.   I guessed all indicators based on crossover suffer from this because it needs the closing of the candle to decide if the crosses have occurred.   Because of this delay, I recommend you trade on 5min instead so that you have ample time to decide if you still want to take the trade when the signal appeared.  In IQ Option, if you set your expiry to 5min and the arrow signal appeared say after 3 min, you still have remaining 2 minutes to enter (or avoid) a trade before the 5min candle expired.  I used the arrow signal as an alert to a possible trade but I still use price action to decide when to enter (or should enter or discard). 

 

You can download this indicator and try.

 

Don't ask me for the mql4 source.  I am also looking for it :-)   And please also don't ask me what is my ITM rate because I can't sit in front of the PC to trade everyday.  I hope someone with the luxury of time can help confirm if this version 2 Trade60sec is worth a look.  Thanks in advance!

 

I used the default settings and 5min expiry.

 

 



#2 green777

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Posted 14 February 2019 - 11:11 AM

Hello traders,

 

I found an updated version of Trade60sec.  It is called Trade60sec2.   The "2" does not stand for version 2 of Trade60sec but stands for 2 ADX indicators used in this new version.

 

Unlike the first version, the arrow now appears on the current candle but it is still delayed.   I guessed all indicators based on crossover suffer from this because it needs the closing of the candle to decide if the crosses have occurred.   Because of this delay, I recommend you trade on 5min instead so that you have ample time to decide if you still want to take the trade when the signal appeared.  In IQ Option, if you set your expiry to 5min and the arrow signal appeared say after 3 min, you still have remaining 2 minutes to enter (or avoid) a trade before the 5min candle expired.  I used the arrow signal as an alert to a possible trade but I still use price action to decide when to enter (or should enter or discard). 

 

You can download this indicator and try.

 

Don't ask me for the mql4 source.  I am also looking for it :-)   And please also don't ask me what is my ITM rate because I can't sit in front of the PC to trade everyday.  I hope someone with the luxury of time can help confirm if this version 2 Trade60sec is worth a look.  Thanks in advance!

 

I used the default settings and 5min expiry.

 

Thanks, but it looks like you have forgotten to post the indicator.



#3 Rarno

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Posted 14 February 2019 - 11:46 AM

Attached File  Trade60Sec2.ex4   23.41KB   220 downloads

Hello traders,

 

I found an updated version of Trade60sec.  It is called Trade60sec2.   The "2" does not stand for version 2 of Trade60sec but stands for 2 ADX indicators used in this new version.

 

Unlike the first version, the arrow now appears on the current candle but it is still delayed.   I guessed all indicators based on crossover suffer from this because it needs the closing of the candle to decide if the crosses have occurred.   Because of this delay, I recommend you trade on 5min instead so that you have ample time to decide if you still want to take the trade when the signal appeared.  In IQ Option, if you set your expiry to 5min and the arrow signal appeared say after 3 min, you still have remaining 2 minutes to enter (or avoid) a trade before the 5min candle expired.  I used the arrow signal as an alert to a possible trade but I still use price action to decide when to enter (or should enter or discard). 

 

You can download this indicator and try.

 

Don't ask me for the mql4 source.  I am also looking for it :-)   And please also don't ask me what is my ITM rate because I can't sit in front of the PC to trade everyday.  I hope someone with the luxury of time can help confirm if this version 2 Trade60sec is worth a look.  Thanks in advance!

 

I used the default settings and 5min expiry.

 


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#4 Cladi48

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Posted 15 February 2019 - 06:57 PM

Maybe work with my not repainting system, will see and test. I only looking the history.

 

Arrow apears in curret candle formation and dont desapear, soo expiration most be 2 or 3 minutes in 5M candles.

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#5 Cladi48

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Posted 18 February 2019 - 04:02 PM

Im testing a good strategy for this indicator but need your help to determine if this indicator repaint at candle close. For me not repaint but need your confirmation. Thanks.



#6 chris1477

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Posted 19 February 2019 - 02:29 AM

Im testing a good strategy for this indicator but need your help to determine if this indicator repaint at candle close. For me not repaint but need your confirmation. Thanks.

While Rarno deliberates his answer, in my opinion it doesn't repaint on candle close.  However,like most adx indicators, when you change time frame the wrong signals disappear.



#7 Cladi48

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Posted 19 February 2019 - 09:13 PM

While Rarno deliberates his answer, in my opinion it doesn't repaint on candle close.  However,like most adx indicators, when you change time frame the wrong signals disappear.

Thanks i think soo.



#8 Rarno

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Posted 04 March 2019 - 07:23 AM

Sorry guys!  I have been very busy with my new project at work.  Someone by the name of Wibi ping me with this URL -->  https://www.forexfac...ad.php?t=533791

 

I haven't got the free time to read the entire thread.  I guess you guys will be able to find some good answers there.  

 

Cheers & many ITMs!



#9 mehedimirror

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Posted 10 March 2019 - 12:59 PM

Can I get   

Trade60sec version2.mq4   file

#10 Rarno

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Posted 14 March 2019 - 05:57 AM

I already said I don't have the source. You may want to check with Golam Faruq [email protected] He's selling Trade60sec indicator (1st version) and may have version 2 as well. You may have to pay for it.

I was too busy to test version 2. Does it works for you? Did you use the indicator alone or along with other confluence indicators? Which one or ones did you used?

#11 NishadBlogs

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Posted 14 March 2019 - 06:58 AM

I already said I don't have the source. You may want to check with Golam Faruq [email protected] He's selling Trade60sec indicator (1st version) and may have version 2 as well. You may have to pay for it.

I was too busy to test version 2. Does it works for you? Did you use the indicator alone or along with other confluence indicators? Which one or ones did you used?

yes He has been using this indicator for long and selling it too..it is costs $150!

But I don't know How it works!
By seeing lot of good results of his trading..I would like to buy that!

And May I Know that "is this indicator working good as he shown in his videos?"
 



#12 NishadBlogs

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Posted 14 March 2019 - 02:43 PM

as you said the indicator is based on ADX
But in his videos "There are two combinations"
1> High/Low Dots
2> confirmation message alert

.. also that message is coming at opening of the new candle (generally ADX doesn't appears at sharp opening of the new candle)

so I am little bit confusing about this!
 



#13 Cladi48

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Posted 14 March 2019 - 07:49 PM

as you said the indicator is based on ADX
But in his videos "There are two combinations"
1> High/Low Dots
2> confirmation message alert

.. also that message is coming at opening of the new candle (generally ADX doesn't appears at sharp opening of the new candle)

so I am little bit confusing about this!
 

Maybe the cros was 1 candle back, thats why the alarm appears at beginning of current.



#14 Rarno

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Posted 15 March 2019 - 10:27 AM

yes He has been using this indicator for long and selling it too..it is costs $150!

But I don't know How it works!
By seeing lot of good results of his trading..I would like to buy that!

And May I Know that "is this indicator working good as he shown in his videos?"
 

You can go to http://www.binaryopt...tions-strategy/and download SixtySecondTrades indicator.  Golam did not create the indicator.  He simply renamed and sell it.  It is based on ADX so you need to use the indicator in trending market.  SixtySecondTrades (or Trade60sec) uses 1 ADX (period 14).  The indicator that I found says it uses 2 ADX.  I don't know the mechanic behind it.  Someone ping me and told me the detailed strategy can be found in Forex Factory - https://www.forexfac....php?t=533791. I didn't read it because it is a long thread.  I hope this helps.  Let this community knows if you read the thread and found something interesting.



#15 NishadBlogs

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Posted 16 March 2019 - 02:18 AM

Yes, Rarno Thanks for your reply!
and I tested this indicator (which is in the link of forex factory) that seems winning almost every singnal but it is not possible as he posted 'cause it is ADX cross (as you already said, adx gives late signals when candle is running)

the indicator recommends 5 minute chart . the signal comes when the candle is running and the expiry is upto close that candle!
>> May be the sigals comes at opening or at middle or at the climax , so whenever the signal comes we have to calculate the remaining closing time of the candlestick and need to enter in that expiry (which is impossible to take the trade)

But I have Observed the best method!

>> Use BB or any other channel Indicator to find out the extreme point
>> so we wait for PUT signal at TOP and CALL signal at BOTTOM
>> when the signal alert comes we take the trade insatantly (1 M chart - 3 M expiry,  5 M chart - 15 M expiry)

The Rule is SMA Arrow + ADX arrow side by side at extreme points
I liked that the person coded well to the Alert system (when the both combination agrees then alert comes, so it is made easy to understand)





Final words simply:

1>> Use any of the Channel Indicator
2>> Wait for the PUT alert at TOP and CALL alert at DOWN
3>> taken instantly when the alert comes 
4>> 1 M chart - 3 minutes expiry

Manage the Money well , I hope taking a 5 to 7 Signals per day is enough..don't take more than that!
and 3 to 5 % risk per trade is enough!

check the News before trade and also check the opening and closing session to avoid higher volatality!

 

And here again the link to download :

https://www.forexfac....php?t=533791. 
 

(NOTE: I have tested this only for a week)



#16 Rarno

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Posted Today, 03:52 AM

Yes, Rarno Thanks for your reply!
and I tested this indicator (which is in the link of forex factory) that seems winning almost every singnal but it is not possible as he posted 'cause it is ADX cross (as you already said, adx gives late signals when candle is running)
the indicator recommends 5 minute chart . the signal comes when the candle is running and the expiry is upto close that candle!
>> May be the sigals comes at opening or at middle or at the climax , so whenever the signal comes we have to calculate the remaining closing time of the candlestick and need to enter in that expiry (which is impossible to take the trade)
But I have Observed the best method!
>> Use BB or any other channel Indicator to find out the extreme point
>> so we wait for PUT signal at TOP and CALL signal at BOTTOM
>> when the signal alert comes we take the trade insatantly (1 M chart - 3 M expiry,  5 M chart - 15 M expiry)
The Rule is SMA Arrow + ADX arrow side by side at extreme points
I liked that the person coded well to the Alert system (when the both combination agrees then alert comes, so it is made easy to understand)
Final words simply:
1>> Use any of the Channel Indicator
2>> Wait for the PUT alert at TOP and CALL alert at DOWN
3>> taken instantly when the alert comes 
4>> 1 M chart - 3 minutes expiry
Manage the Money well , I hope taking a 5 to 7 Signals per day is enough..don't take more than that!
and 3 to 5 % risk per trade is enough!
check the News before trade and also check the opening and closing session to avoid higher volatality!
 
And here again the link to download :https://www.forexfac....php?t=533791.
 
(NOTE: I have tested this only for a week)


Looks like you have it all figure out!





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