June 2, 2018
Posted by: Forex Wiki Team
Category: Forex Trading System

Hello there all individuals, I need to introduce all of you a shopping for and promoting approach I have been engaged on many months, my essential focus is to remodel this to an EA + Dashboard with a objective to remove information intervention or to chop again it to the minimal, primarily as a result of show display screen time I've frequently

Strategy is very based mostly totally on shopping for and promoting the pullbacks of a improvement, which implies that we'll on a regular basis be shopping for and promoting in favour of the precept momentum.

I try to remove any discretional shopping for and promoting and cut back it to a follow certain tips, I'm really sure if supplier widespread sense is added... Correctly, this usually improves each half fairly a bit...

In an effort to current this method I will try to explain the entry methods and unhealthy entry methods, all the recommendations will in all probability be on a regular basis admire along with together with new indicators, nonetheless ONLY, and I say ONLY, when this new addition is bringing filter to unhealthy entries with a objective to boost this method reliability... So if you are going to change the approach 360º merely avoid posting on this thread and start your new one

Acknowledged this, let's start with the precise stuff...

Indicators:

- MBFX Timing
I really like this indicator, like an stochastic, really helpul to establish divergences and OB/OS price with a objective to start watching this pair, on this method will in all probability be actually one in every of our "Triggers"
- Half-Trend
Really I have no idea the exact elements or the way in which it calculates, however I found this indicator usually really shows temporary time interval S/R zones, and for our approach will in all probability be an obligatory half when price breaks it.
- Trend Info
Shows pretty correctly when a Pair is trending, I've setup it to 200 intervals, this indicator can probably be replaces by one different MA approach, I'm opened to choices, and as improvement follow approach we will perception him or our eyes.
- BK Woodie
One different Indicator that I like, combination of SMA, completely completely different intervals CCI, really useful to establish if current momentum is fading.
- Sweet Spots Gold
Merely to duplicate current Spherical Numbers, pure S&R zones and even in H4 TF price is reacting to them, this indicator is useful for me, you can skip it for those who want...

So let's start with the foundations...

We acknowledged a improvement by checking Tren Info, we see what I title a "healthful pullback" which means that's going bellow half improvement and BK Woodie goes bellow 0 as successfully, MBFX in reality will then follow going near or into OB/OS zone... Our entry then will in all probability be as soon as we set up based mostly totally on indicators that current pullback is over and improvement momentum is resuming.

BUY RULES

1st Confirm
Trend Info pointing UP + BUY Shade
2nd Confirm
Worth broke and closed above Half improvement ( For this to happen price wanted to go first beneath hehe )
third Confirm
MBFX is sloping up, an entry on MBFX yellow is additional harmful however moreover you catch it earlier, additional slope, additional momentum, increased potentialities of an outstanding entry
4th Confirm
BK Woodie went bellow 0 and is now pointing up and crossing or "wanting" to cross it
fifth Confirm
BK Woodie Sq. is GREEN, which implies price is above a 25 SMA
sixth Confirm
BK Woodie CCI (Every of them) are comming to cross 0 and NEVER, OVER or BELOW 100 / -100, I found biggest entries is when CCI might be very near to cross 0.

SELL RULES

1st Confirm
Trend Info pointing DOWN + SELL Shade
2nd Confirm
Worth broke and closed beneath Half improvement ( For this to happen price wanted to go first above hehe )
third Confirm
MBFX is sloping down, an entry on MBFX yellow is additional harmful however moreover you catch it earlier, additional slope, additional momentum, increased potentialities of an outstanding entry
4th Confirm
BK Woodie went above 0 and is now pointing down and crossing or "wanting" to cross it
fifth Confirm
BK Woodie Sq. is RED, which implies price is beneath a 25 SMA
sixth Confirm
BK Woodie CCI (Every of them) are comming to cross 0 and NEVER, OVER or BELOW 100 / -100, I found biggest entries is when CCI might be very near to cross 0.

And now you need entry examples, correct?

Occasion for a BUY: