X50M5 Trend Following

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I admire those folks who can spot the trades on the higher time frames. I try but I'm not always able to watch the market and I always seem late to the party. So I've been searching for an approach that I might trade when I was available to trade. If I have a few hours early morning or evening, I wanted a system that would be active and that required that I move the M5 timeframe.This M5 system needed a name and a fellow trader suggested "X50" because the trade is lead by the 5-3-3 stochastic crossing 50.

I take no credit whatsoever for the system as it was cobbled together as follows:
5-3-3 from spud's methods
MACD 5-13-1 from that famous H4 MACD thread - worth the read
Absolute strength indicator from Glenn5t

The rules for entry are as follows:

M5 stochastic 5-3-3 leads the way and must be above or below 50
M5 stochastic 14-3-3 is also in the same window and it's nice to see it moving with the 5-3-3 and for good setups it will also cross 50 before you enter
MACD 5-13-1 must cross the zero line, at least one bar, sometimes two
Absolute strength must also be in agreement and have crossed

The rules for exit - take your profits when they appear and don't get greedy. There will be many many M5 opportunities. If the trade isn't going your way within 5 جي طرف 10 منٽ, you might consider exiting and waiting for the next opportunity. بهرحال, it's not a scalping system. The notion is to catch a 5 minute trend and ride it for a while. I look for 30+ pip moves.

هنن 3 اشارا, when in agreement, have me on a string of winners. I try to implement other people's systems with mixed results. This method seems to works consistently for me.

It seems to work with any pair and I have not tried it on other timeframes. I'm attaching a screen shot of a trade entry.

My template is below, along with the indicators. Only the M5 view is for this method...the other timeframes are what i use for those timeframes. I offer it as my way of thanking the many generous folks on this forem who help other people like me.

I'd be interested in suggestions to improve the method and hope that others may find it helpful. I'm quite busy at work these days so I may not respond right away if there are any questions.

ايڊٽ ڪريو: You may also refer to post #183 for an alternative way to trade x50.

خوش رهو
CanuckCT

جڙيل تصوير
X50 - M5 Trend Following 1
منسلڪ فائلون
File Type: mq4 4h_MACD_FX_Strategy.mq4 5 KB | 3,509 ڊائون لوڊ
File Type: mq4 EJ_Pivot_DWM.mq4 13 KB | 3,115 ڊائون لوڊ
File Type: mq4 AbsoluteStrength_v1.1july 30..1.mq4 6 KB | 3,942 ڊائون لوڊ
File Type: mq4 MACD_H4_300_v100.mq4 3 KB | 3,284 ڊائون لوڊ
File Type: tpl x50.tpl 6 KB | 2,822 ڊائون لوڊ | اپ لوڊ ڪيل جنوري 22, 2008 12:58آهيان
File Type: pdf X50 Summary.pdf 383 KB | 3,218 ڊائون لوڊ | اپ لوڊ ٿيل فيبروري 3, 2008 2:00شام

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