Catching The Pimp’s Trend

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Trading is hard work. Dnt let anyone tell you any different. There’s no free lunch!!.. A lot of screen time is required, a lot of studying is also required (understanding the fundamentals). There are just three things I think any trader needs:· A trading plan
· Discipline to follow that plan
· And the Holy grail >>>>منی مینجمنٹCatching The Pimp's Trend 1

Learning money management can be a very EXPENSIVE lesson. I could give you my trading background, how its been brutal, and how I’ve found meself making the same mistakes….Most people who have traded for more than two years have similar stories, so I’ill cut to the chase. سب سے پہلے, I dnt think any profitable, enduring trading system can be based on the chart from one time frame, except you are considering H4 charts and above. I am starting this thread to share something I learnt awhile ago, and forgot…and learnt again...Catching The Pimp's Trend 2This setup uses a lot of MAs, CCIs and MACD (my personal favorite).

It uses the H4 and H1 charts. Yeah, its not so simple, but not so complicated either. We need these various charts for confirmation. The signals are taken off the H4 and H1 charts, entries are taken off the H1 chart.

I didn’t develop this strategy; I simply made a cocktail of two. Thanks to Zak Llyod for this school of pimpology, and Capito for his CICR setup. You will need a broker with currency index charts, I recommend LiteForex. A demo account with them will give you enough access to the charts you need.

جوڑے: GBPJPY, EURJPY, USDJPY, EURUSD AND GBPUSD

H4 chart
اشارے: macd, heiken ashi and frasma indicator.

H1 chart
80EMA, 50ایس ایم اے, 20EMA, 5EMA, سی سی آئی (21), سی سی آئی (5), سی سی آئی (84), NB MACD Indicator.

قدم 1. Check H4 chart for a macd cross eg GBPUSD. If a cross up is seen, check the GBP Index for a corresponding macd cross upwards, and a bullish heiken ashi candle. The candle closing above the frasma line is good but optional.

قدم 2. If we have a ‘potential’ buy signal in H4, we switch to the H1 chart. سی سی آئی 5, 21 اور 84 should be above zero, with an hourly candle closing above all the MAs, and NB MACD above the zero line. This gives us a buy signal.

I recommend letting the trade run for at least 12hrs to let the signal ‘prove’ itself. This setup is quite reliable. Of cos, we may have some false signals, that’s the whole idea behind checking the currency index to ascertain its weakness or strength..

Exits:

A reverse signal
A macd H4 cross that opposes the signal
trader's discretion

Wow!!..that felt like a lot…I hope the screen shots are more explanatory.

The stop loss should be about 20 - 30 pips below/above the recent swing low/high.
its a solid strategy, but i would not risk more than 5% of the bank.

Attached Images (click to enlarge)
Catching The Pimp's Trend 3 Catching The Pimp's Trend 4 Catching The Pimp's Trend 5 Catching The Pimp's Trend 6
Catching The Pimp's Trend 7
Attached Files
File Type: mq4 frasma.mq4 10 KB | 153 ڈاؤن لوڈ
File Type: ex4 macd trad.ex4 4 KB | 124 ڈاؤن لوڈ
File Type: mq4 NB MACD.mq4 2 KB | 136 ڈاؤن لوڈ

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مصنف: فاریکس وکی ٹیم
ہم انتہائی تجربہ کار فاریکس ٹریڈرز کی ایک ٹیم ہیں۔ [2000-2023] جو ہماری اپنی شرائط پر زندگی گزارنے کے لیے وقف ہیں۔. ہمارا بنیادی مقصد مالی آزادی اور آزادی حاصل کرنا ہے۔, اور ہم نے خود تعلیم حاصل کی ہے اور خود کو پائیدار طرز زندگی حاصل کرنے کے اپنے ذرائع کے طور پر فاریکس مارکیٹ میں وسیع تجربہ حاصل کیا ہے۔.