Hi, I developed a system which appears to me to be profitable when I manually trade this system on demo account. I use 2 indicators which I downloaded from ForexFactory.com. These indicators are: the cycleidentifier with alerts indicator, and the super signal v3 indicator. I trade this system on the EUR/USD pair on the Minute 15 timeframe. Both indicators are installed together on the EUR/USD on the 15 minute chart. I use the cycleidentifier indicator like a filter. I trade only in the direction of the trend indicated by the cycle identifier. So if the cycleidentifier indicator indicates blue, I will only trade long. If it indicates red, I will only trade short. To finally make the decision to enter or exit a trade.. I use the super signal v3 indicator. When a strong buy or a strong sell pop up alert is given from the super signal v3.. I get ready to enter a trade. Now I wait for price to stop repainting the arrow with the x shown on the screen, and for price to move away from the arrow with the X by one bar. Then I enter the trade in the same direction as indicated by the cycleidentifier and super signal v3 together. I do not use a stoploss because I fear price manipulation on the other end, so instead, I use a script on the chart instead where I can set and move the stoploss around manually. I exit the trade whenever the OPPOSITE arrow plus the x are indicated together.. I would then either wait for a next trade or if this opposite arrow plus x indicates together in the same direction as the cycle identifier.. then I would close any open trade, and re-enter in the new direction indicated. I have attached a screenshot to this thread for anyone to review. I am currently having a programmer make me an EA using this system. It should be ready for testing in the weeks ahead.
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