- August 22, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
I wish to share a system that I have been rising the last few weeks. Been performing some handbook backtest and thus far is wanting pretty good.
RULES FOR POSTING ON THIS THREAD (ought to be taught beore posting)
- Don´t add any new indicator.
- Any chart you want to publish do it using my template.
- No damaging and unhealthy habits.
- No discussing about an EA
- Not following the rules will finish consequence on a BAN.
Let´s have the benefit of and have pleasurable! I don´t have any curiosity in selling system or alerts.
Indicators: We use 02 straightforward transferring averages for coming into, and ATR (14) interval for income taking.
BUY SIGNAL: We sit up for the 50SMA shut above the 200SMA. We don´t take the commerce instantly because of which will end in whispaws and shedding money. We now should attend for a affirmation that the event is highly effective and going up. The easiest way to do that is by looking at 3 points:
- 50SMA pointing up a minimal of in a 45 diploma angle
- 50 SMA separating from the 200SMA. It's best to have a minimal of 5-7 candles of mounted separation movement after the transferring averages cross.
- Worth above the 50SMA
* The opposite for SELL TRADES.
Proper right here is an occasion. 50sma crossed up the 200sma. After the cross you might have a minimal of 5-7 candles when the strains keep separating. And likewise the angle of 50sma wanting wonderful.
Take income: 1.5 events the ATR. I have been experimenting with utterly totally different setups, and chances are you'll go from 1 to 2 events the ATR. It's dependent upon your shopping for and promoting kind.
Stop loss: I prefer to advocate 3 events the ATR or a help or resistance stage akin to 50 or 200sma
It actually works on any timeframe.and on any pair. I'll possible be shopping for and promoting it using the 4h chart, beacuse it affords wonderful and realiable alerts and I don´t want to spend all day in entrance of my computer. I am opening a demo account with USD 1,000 to examine this method and can possible be using 0.03 lot dimension. Will share fxbooklink as shortly as I've it, in case you wanna adjust to my progress.
In the meanwhile I am looking at CADCHF, wanting good. If transferring widespread retains separating I will almost certainly enter a spot. Let´s see the way in which it performs inside the subsequent couple of hours:
TEMPLATE:
FEEL FREE TO ASK ANY QUESTIONS!! 
One different occasion, this time for a SELL SIGNAL
