ELDER’S TRIPLE SCREEN STRATEGY

Dr. Elders describes the Triple Screen System in his book “Trading for Living.” This system gained popularity among professional and beginners. The system relies on cornerstone truth, that trader’s mind often time-bounded, so the one cannot see the whole market picture. Many traders, while getting signals on low time-frame does not even realize, that they are trading against the market, which, according to Elder is the most dangerous mistake.


CONCEPT OF TRIPLE SCREEN

Three Screens concept consists of three phases: Tide – use higher-period screen to determine current trend; Wave – use middle-period screen to determine signal; Entry – lower period to determine the exact entry point for the trade. Each screen uses suitable for its purpose indicators. There is no particular rule for the timeframes distribution for three screens. However, we picked popular among trader’s variations:

Which broker to choose a novice trader?

Choosing the best broker for Forex trading is always important as that of beginners and experienced traders.

I present to you a selection of brokers for beginners, and comparison of trading conditions, taking into account rebates (return spreads or commissions from Premium Trading).

Compare the best trading conditions Forex brokers from Premium Trading

In comparison table Forex (forex) brokers from Premium Trading You can compare not only the trading conditions of different brokers, but also different types of accounts within a single broker. The following table shows the main parameters that are sure to draw the attention of experienced traders in choosing the best broker.

Hunter bot PriceLines Extra

Attention! Advisor is under development. The results of inspections showed the possibility of making a profit in a limited time interval!

This advisor can be used without optimization. To get started, you only need to set the desired risk (or lot size) and regularly withdraw profits.

For starters, you can install a trial version of the expert Hunter bot PriceLines Lite, which will work on a real account with a minimum lot (and therefore with minimal risk).

In this, the main version, all settings are available.

Advisor (EA) is designed for fully automated trading. It contains the functions of protection against most errors.

Hunter bot PriceLines Lite

This easy version is intended for acquaintance with the full-function version (Hunter bot PriceLines Extra) and contains the minimum set of parameters for control.

This robot - development of the adviser of Hunter on the channel breakout Bot.

The adviser (EA) is intended for automatic trade. It exposes every day the postponed warrants of BuyStop and SellStop with the set StopLoss and TakeProfit levels.

MultiSymbol Triple Screen Trading System DEMO

Purpose

The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy.

It works with any symbols located in the Market Watch window of the MT4: currencies, metals, indexes, etc. (only NZDCAD is available in the demo version!)

How It Works

The indicator uses the modified Triple Screen Strategy for determining trend direction in the third window via Awesome Oscillator, Moving Average or Stochastic Oscillator at the trader's discretion. The oversold/overbought level is determined in the second window via Stochastic indicator. We also use Stochastic indicator in the first window, but this time we are determining the best market entry point. As a result, we obviate the necessity to move pending orders according to the market (what the classical system requires) and can enter the market at once.

MultiSymbol Triple Screen Trading System

Purpose

The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy.

It works with any symbols located in the Market Watch window of the MT4: currencies, metals, indexes, etc.

The number of instruments can be limited by capacity of the МТ4's parameters. But if desired, you can create several windows with various set of instruments and parameters.

Hunter on the channel breakout Bot DEMO

The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily (only one pair of orders is placed in the demo version).

The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders. The distance is set in the percentage of the calculated channel width. The channel width is calculated by the specified amount of the ZigZag peaks. StopLoss and TakeProfit levels are set for each order (specified in the parameters). The next pair of orders is set at the TakeProfit level of the previous one.

Hunter on the channel breakout Bot

The Expert Advisor places the necessary amount of BuyStop and SellStop pending orders with predefined StopLoss and TakeProfit levels at the specified time daily.

The EA calculates the channel width using the ZigZag indicator and sets a grid of BuyStop and SellStop pending orders according to the specified settings. The first pair of BuyStop and SellStop pending orders is placed at a predetermined distance from the channel borders. The distance is set in the percentage of the calculated channel width. The channel width is calculated by the specified amount of the ZigZag peaks. StopLoss and TakeProfit levels are set for each order (specified in the parameters). The next pair of orders is set at the TakeProfit level of the previous one.

News Hunter Bot MultiDay

This expert is News Hunter Bot OneTime which was more developed by the version.

The adviser exposes the postponed warrants of BuyStop and SellStop before an exit of news at the set distance from the current price.

Date and time of an exit of news is determined in the adviser's parameters for several days ahead. In total it is possible to determine time for 20 news.

News Hunter Bot OneTime

The EA places pending BuyStop and SellStop orders before news release at a specified distance from the current price.

Time of news is set every morning in the EA's parameters. You also need to specify minutes before news to place pending orders and minutes for removal not triggered pending orders.

Watermark symbol background PRO MT5

This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot.

The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows "Great Britain Pound vs Japanese Yen").

Watermark symbol background MT5

This utility displays the name of the current symbol and the current period in the chart background in a large font. It is a very convenient visualization function, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot.

The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows "Great Britain Pound vs Japanese Yen").

Watermark symbol background PRO

This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot.

The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows "Great Britain Pound vs Japanese Yen").

Watermark symbol background

This utility displays the name of the current symbol and the current period in the chart background in a large font. It is very convenient, e.g. when you use multiple charts with different symbols, period or when saving a chart screenshot.

The information is displayed in two lines. In the first line, the chart symbol and current timeframe are shown in a larger font (e.g. AUDUSD,h1). In the second line, the full name of the current symbol is displayed in a smaller font (e.g. for GPBJPY it shows "Great Britain Pound vs Japanese Yen").

Hunter delete

Script Deleting the Hunter

The script is developed for fast deletion of pending orders, Up and Dn border lines, as well as arrows (symbols) which appear when an order is placed.

Features:

• Can delete all pending orders of the current chart in one go
• Can delete all pending orders of the current account in one go
• Can delete only those orders which have specified magic number
• Can delete lines which show the channel's border, support and resistance levels marked Up and Dn
• Can delete all arrows (symbols) left after placing and deleting orders

Hunter on the channel breakout BS SS DEMO

Script Hunting for the Channel Breakout

The script is designed for semi-automatic trading. It can place required number of pending BuyStop and SellStop orders with preset StopLoss and TakeProfit levels in one go (the demo version places one pair of orders).

The script calculates the channel width using the ZigZag indicator and places a grid of pending BuyStop and SellStop orders according to specified settings. The first pair of pending BuyStop and SellStop orders is placed at the specified distance from the channel's borders. This distance is set in parameters as percentage from the calculated channel width. The channel width is calculated by preset number of extremum points of the ZigZag indicator. Each order has StopLoss and TakeProfit levels (set in parameters). The next pair of orders is placed on the TakeProfit level of the previous pair.

Hunter on the channel breakout BuyStop SellStop

Script Hunting for the Channel Breakout

The script is designed for semi-automatic trading. It can place required number of pending BuyStop and SellStop orders with preset StopLoss and TakeProfit levels in one go.

The script calculates the channel width using the ZigZag indicator and places a grid of pending BuyStop and SellStop orders according to specified settings. The first pair of pending BuyStop and SellStop orders is placed at the specified distance from the channel's borders. This distance is set in parameters as percentage from the calculated channel width. The channel width is calculated by preset number of extremum points of the ZigZag indicator. Each order has StopLoss and TakeProfit levels (set in parameters). The next pair of orders is placed on the TakeProfit level of the previous pair.

Hunter on the channel breakout SellStop

Script - hunting for the channel breakout

This script is designed for semi-automated trading. It is able to place the required number Of SellStop pending orders with the specified StopLoss and TakeProfit levels at a time.

The script calculates the channel width based on the ZigZag indicator and sets the grid of pending SellStop orders according to the specified settings. The first pending order SellStop is placed at a specified distance from the channel boundaries. This distance is specified in the parameters as a percentage of the calculated channel width. The channel width is calculated by the specified number of vertices of the ZigZag indicator. For each order, StopLoss and TakeProfit levels are set at once (set in the parameters). The next order is placed at the TakeProfit level of the previous pair of orders.

Hunter on the channel breakout BuyStop

Script - hunting for the channel breakout

This script is designed for semi-automated trading. It is able to place the required number Of BuyStop pending orders with the specified StopLoss and TakeProfit levels at a time.

The script calculates the channel width based on the ZigZag indicator and sets the grid of pending BuyStop orders according to the specified settings. The first pending order BuyStop is placed at a specified distance from the channel boundaries. This distance is specified in the parameters as a percentage of the calculated channel width. The channel width is calculated by the specified number of vertices of the ZigZag indicator. For each order, StopLoss and TakeProfit levels are set at once (set in the parameters). The next order is placed at the TakeProfit level of the previous pair of orders.

Dynamic Zigzag Levels

The indicator draws two nearest levels on the chart in real time. One above the current BID price is the resistance level. The second below the current BID price is the support level.

The levels are calculated using the standard ZigZag indicator.

Signal on the channel breakout

Expert. The signal on the channel breakout.

Drop two horizontal lines on the chart:

• for the upper border of the channel-named <Up>
• for the lower border of the channel-named <Dn>

The Scalper MultiCharts Trading Robot (Expert Advisor) for MetaTrader 4

Scalper MultiCharts is a multi-currency trading system for night scalping. Financial instruments - any instruments on which the expert Advisor shows high profit in the tester. Timeframe - any. The expert Advisor should be installed only in one window of any of the Forex financial instruments allowed for trading. At the same time, the Windows of other financial instruments allowed for trading must also be opened in the terminal.