The basis of this system comes from a French guy called HMAOUI that was created in 2011 (here is the link)
I have worked this system for some time and it took me 6 years to perfect it. The reason is that I was not able to clearly define my instruments for my entries. Now I can and I want to document it here. All the indicators used can be downloaded in MQL and I will provide links. I modified mine to suit my taste of colors and removed unwanted elements. Here is my trade for the day and this example can be reproduced day in day out. 5-20 pips per trade is the norm and losses are between 5 to 12 pips.
Indicator needed are (please get your own as everyone has their own taste. Don't ask me for help. Google it!)
Guppy MAs (ST is short term and LT means long term)
Currency strength (here the forex factory link)
ADX - DM+ and DM-, is as standard indicator within MT4
STOC 5,3,3 s as standard indicator within MT4
I have attached the Guppy Indicator and the 2MA ADX
Sync tool used for charts https://www.forexfactory.com/thread/...tic-chart-sync
I have 3 charts open at a time. 5Min to check for valid setups, 1Min for actual trade entry and 1 hour to get an overall view(verify) of the market for that instrument. Below is my third trade this morning that yielded 15 pips. I took 2 other trades on GJ, first one was a looser(-10pip), 2nd one exit with 21 pips. Therefore a bit over 25 pips within 3 hours. I live in Switzerland and trade the London open and the NY open (work times are Tu to Th morning 7:45 to about 11am and Mon and We 13:00 to 16:00)
My rules in summary are
M5 check for Guppy trend/ADX and verify this with currency strength. I don't really use STOC in this time frame
H1 - Are we with the overall trend or not
M1 - Follow the rules established by HMAOUI SL max set to 10 pips, 7 pips is better. Execute the trade by the book
Check for possible trades on M5 (tactical planning)
Rules are based on HMAOUI attached as PDF. Many thanks to Monsieur HMAOUI!!!
Here a link to a document that I compiled .
https://docs.google.com/document/d/1...cqXTUi4qKpg60/
Verify the overall situation (Verification of strategy)
Execute the trade (Operations)
YouTube link showing todays setup
YouTube showing the week and the trades
I aim to verify this method within this thread. Post setups and your reasons for taking the trade.
I have opened up the thread to have posts from all member levels. To keep the thread clean, I will remove comments that don't add value. No offence meant...
I have worked this system for some time and it took me 6 years to perfect it. The reason is that I was not able to clearly define my instruments for my entries. Now I can and I want to document it here. All the indicators used can be downloaded in MQL and I will provide links. I modified mine to suit my taste of colors and removed unwanted elements. Here is my trade for the day and this example can be reproduced day in day out. 5-20 pips per trade is the norm and losses are between 5 to 12 pips.
Indicator needed are (please get your own as everyone has their own taste. Don't ask me for help. Google it!)
Guppy MAs (ST is short term and LT means long term)
Currency strength (here the forex factory link)
ADX - DM+ and DM-, is as standard indicator within MT4
STOC 5,3,3 s as standard indicator within MT4
I have attached the Guppy Indicator and the 2MA ADX
Sync tool used for charts https://www.forexfactory.com/thread/...tic-chart-sync
I have 3 charts open at a time. 5Min to check for valid setups, 1Min for actual trade entry and 1 hour to get an overall view(verify) of the market for that instrument. Below is my third trade this morning that yielded 15 pips. I took 2 other trades on GJ, first one was a looser(-10pip), 2nd one exit with 21 pips. Therefore a bit over 25 pips within 3 hours. I live in Switzerland and trade the London open and the NY open (work times are Tu to Th morning 7:45 to about 11am and Mon and We 13:00 to 16:00)
My rules in summary are
M5 check for Guppy trend/ADX and verify this with currency strength. I don't really use STOC in this time frame
H1 - Are we with the overall trend or not
M1 - Follow the rules established by HMAOUI SL max set to 10 pips, 7 pips is better. Execute the trade by the book
Check for possible trades on M5 (tactical planning)
Rules are based on HMAOUI attached as PDF. Many thanks to Monsieur HMAOUI!!!
Here a link to a document that I compiled .
https://docs.google.com/document/d/1...cqXTUi4qKpg60/
Verify the overall situation (Verification of strategy)
Execute the trade (Operations)
YouTube link
Inserted Video
YouTube showing the week and the trades
Inserted Video
I aim to verify this method within this thread. Post setups and your reasons for taking the trade.
I have opened up the thread to have posts from all member levels. To keep the thread clean, I will remove comments that don't add value. No offence meant...
Attached File(s)
STS_Guppy.ex4
121 KB
|
496 downloads
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Uploaded Oct 22, 2021 8:20am
STS_2MA_ADX.ex4
179 KB
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458 downloads
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Uploaded Oct 25, 2021 4:35am