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The
SaneFX Indicator
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The
Original TCCI indicator
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SaneFX MetaTrader templates for one-click setup of charts
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The
SaneFX Guide to Trading - 29 A4 illustrated
pages
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A
link to a free, everlasting MetaTrader trading
platform
Here
is an extract from the manual:
"Contrary to what other systems tell you, there is no
universal rule that guarantees success. In trading,
things change from day to day and what was good
yesterday may fail today. For this reason, when looking
for a suitable day trade, we start by switching between
the 1 hour, 30 minute and 15 minute charts to see which
presents the best opportunity. By default, the SaneFX
‘Length’ is set to 20, which is about right for the
daily and 1-hour chart under average conditions. For the
30-minute chart and below, a setting of 16 is more
suitable. To adjust the setting, double click on the
indicator line, then double click on the ‘Length’ number
and change it. This takes about 5 seconds. I will cover
this in greater detail later. This ability to adjust for
prevailing conditions is the key to success and is what
makes SaneFX unique.
No mechanical system (or EA) can
define rules adequately for spotting trading
opportunities – this is the province of the human eye.
It soon becomes obvious that a particular chart is going
nowhere whereas another has a clear, wavelike movement.
It is the latter that presents opportunities and it is
here that we can be guided by the SaneFX indicator. If the indicator is
constantly changing colour, we clearly have no sustained
trend but if it remains red or green for several candles
and (more importantly) over a rise or fall of at least
30 pips, then we can consider day trading.
Our basic aim is to enter a trade when the indicator
changes colour. At around the change point, it will
usually change back and forth until the price has moved
sufficiently to establish a trend – the colour will
repaint until the next candle opens. Because of this, we
never open a trade until the start of the next candle
after the colour change. At this time, the change is
permanent."