This is one of two 4H trading systems that I’ve ever used and giving me good pips. I’ll post the other system later. I don’t use both system anymore, since I’ve already had my own system. However I should admit that both system gave valuable contributions to my system.

In Nahuatl (Aztec language), Tlatomi means “to win money”. This has been proven working good for GBP/USD and GBP/JPY. Though some Tlatomi traders have used this method to trade pairs other than GBP/USD and GBP/JPY, I personally do not recommend you to do that.

At the first sight you might think this system is complicated and confusing. You’ll find out later that it is quite simple.

Tlatomi Setup

Open your 4H Chart window, attach Tlatomi indicators below:

  1. NonLagma_v4— Filter=20
    — Color=1
    — ColorBarBack=0
  2. SHI_SilverTrendSig— All bars=0
    — Otstup=30
    — Per=9.0
    — Don’t forget to change the colors also (0=blue-1=red)
  3. FX Snipper’s Ergodic_CCI_Trigger— pq=4
    — pr=8
    — ps=5
    — trigger=4

You can download those indicators through link located at the end of this post. I write default setup for each indicator just in case there is something wrong with your MT4 and you need to manually set them up. In fact, indicators attached here have been having the proper set up as above, so you dont need to manually set them up.

Entry

Enter long when :
1  a blue dot appears
2  the ergodic CCI crosses up the trigger line ( blue line crosses up the red one )
3  NonLagMa color changes to yellow
Enter short when :
1  a red dot appears
2 the ergodic CCI crosses down the trigger line ( red line crosses down the blue one )
3  NonLagMa color changes to yellow

Don’t take a trade when the cross happens before the dot or when the cross happens after the Nonlagma. The ideal entry should be waiting for a dot then for the cross and then for the Nonlagma. It doesn’t matter if the cross and the Nonlag happen at the same time.

Some Tlatomi traders wait until current candle fully perform the Yellow NonLagma and put the entry on the opening of the next candle. More aggresive traders, however, put the entry whenever the NonLagma seems to turn into Yellow (do not wait the Yellow NonLagma fully performed)

I personally suggest you to do what conservative Tlatomi traders do, wait until the current candle fully perform Yellow NonLagma then put the order on the next candle opening.

Exit

Exit when a new dot appears (red if you are long and blue if you are short). This method gives you mechanicals trades. Don’t hesitate to transform them into a discretionary trade after because you can see things that the system can’t. Sometimes, it will be the difference between a 30 pips trade and a 300 pips trade. Once you move your stop to breakeven and add a trailing stop you can’t wait a little more time to see what the market wants to give you.

Stop Loss

In general, the Tlatomi originator looks for previous daily support-resistance but he also stated that he had more than one method to define his stop loss. You can also looks for the high or low of the previous bar.

As of my own experience, 50 pips stop was rarely hit.

Long Entry example

Tlatomi Long EntryRed Dot appears (1)
Ergodic and CCI crosses (2)
NonLagma turn to Yellow (3)

Enter Long
buy @ 1.8368
Stop Loss @ 1.8315

Exit
Blue dot appears (4)

Profit: 166pips

Short Entry Example

tlatomi short entryBlue Dot appears (1)
Ergodic and CCI crosses (2)
NonLagma turn to Yellow (3)

Enter Short
Sell @ 1.8395
Stop Loss @ 1.8471

Exit
Red dot appears (4)

Profit: 211 pips

You can download Tlatomi Indicator for Metatrader-4 platform through below link:

Download tlatomi indicator
tlatomi indicator

Downloaded a total of 807 times
Tags: forex trading system, indicators, metatrader, mt4
[Slashdot] [Digg] [Reddit] [del.icio.us] [Facebook] [Technorati] [Google] [StumbleUpon] [Email This]

Similar Entries

Links to This Post