Hi all.
i have been trading the fx for about 2 years and have come up with this system. I am a engineer for the railroad as a track inspector. I have had to much time on my hands to say the least. Anyway, i back tested this system on AUD/CAD and AUD/CHF for the last 2 years and when these signals are given, i always profit 10 pips. On the AUD/CAD I am a little conservative and go about 5 pips since there were 2 times in the last year it did not hit 10 pips.
Let me know what you think of my system. I use the Stoch at 5,3,3. I overlay that on bill willaims AC oscillator.
Here are the rules. At the end of each trading day, which ever time frame you are in, if the stoch line crossed out of the 80 value area headed down(this is your first signal) ;and then wait for the AC line to change from green to red, at the close of that candle issue a sell and put a limit for 5 or 10 pips.
For a buy do the oppisite but the stoch line has to be crossing past the 20 value and the AC candle has to be your first green one.
i have definitely grabbed about 3 to 5 trades a month with just these 2 pairs and I will back test on all. i have 19 through MT4
Let me know your thoughts. i can't draw a chart with arrows to show you because I have no clue. lol.
thanks
Ed
i have been trading the fx for about 2 years and have come up with this system. I am a engineer for the railroad as a track inspector. I have had to much time on my hands to say the least. Anyway, i back tested this system on AUD/CAD and AUD/CHF for the last 2 years and when these signals are given, i always profit 10 pips. On the AUD/CAD I am a little conservative and go about 5 pips since there were 2 times in the last year it did not hit 10 pips.
Let me know what you think of my system. I use the Stoch at 5,3,3. I overlay that on bill willaims AC oscillator.
Here are the rules. At the end of each trading day, which ever time frame you are in, if the stoch line crossed out of the 80 value area headed down(this is your first signal) ;and then wait for the AC line to change from green to red, at the close of that candle issue a sell and put a limit for 5 or 10 pips.
For a buy do the oppisite but the stoch line has to be crossing past the 20 value and the AC candle has to be your first green one.
i have definitely grabbed about 3 to 5 trades a month with just these 2 pairs and I will back test on all. i have 19 through MT4
Let me know your thoughts. i can't draw a chart with arrows to show you because I have no clue. lol.
thanks
Ed
"Do or do not, there is no try"