The system...
Sorry guys !
I forgot to post the system I'm using...
There we go.....
The "Supercharged" System
The Supercharger is a mechanical system. In order to be profitable, this system is supposed to be used in a total carefree state of mind. You are not supposed to think using this. When a signal is triggered then a trade should be triggered as well. Some will be winners, some loser but on the Macro level (20 trades or more), the odds are on your side. The only variable left for your head is when to close the trade. It's up to you to decide when to get out. You should develop your own strategies about it. This system tells how I take my profits but I must admit that sometimes, I don't respect it.
The "Supercharged" applies to any currency pairs (I trade the GBP/USD)
* Trade on 15 min and 4h chart
* 5 EMA applied to the close
* 10 EMA applied to the close
* Stochastic (10,3,3)
* RSI (9)
* MACD Histogram
Trading Rules:
Trade the London Session
The 4H Chart
When a valid trade signal is triggered on the 4h chart, open a mini lot (10k) in the same direction. This trade will be the base of our system. If the trade signal is not valid. GO to the next step without opening a mini-lot.
The 15min Chart
When a trade signal in accordance with the 4h trend is triggered on the 15min chart, open a round lot (100K). This is the supercharge.
ALWAYS FOLLOW THE MAIN TREND ON THE 4H CHART
# RISK (stop loss) = previous peak or 30 pips
Entry Rules:
Enter a trade at the close of the signal candle ! Never before !
1. Enter long if:
* The 5 EMA crosses above the 10 EMA and both stochastic lines
are heading up and crossing the middle line
* RSI is crossing up
* MACD is crossing up (or negative, gaining value)
2. Enter short if:
* The 5 EMA crosses below the 10 EMA and both stochastic lines
are heading down and crossing the middle line
* RSI is crossing down
* MACD is crossing down (or positive, losing value)
# Exit Rules:
* Exit when stochastic hits extremes
* Exit when price hits a 00 or 50
* If the next 50 or 00 is too close, exit when profit=risk
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