Hi everybody !
I want to share this system which is derivated from my personal discretionary system.
So i had created simple rules to make it very easy to go.
First, sorry for my "frenchy" english, second, your ideas to improve this system and making it better are welcome.
Your backtest are welcome too.
This system is based on the waves. And we will try to catch them.
I only trade on EUR/JPY, because it is a very volatile pair.
There are lots of 40 pips waves for this pair, so we will try to catch 40 pips movements.
RULES :
TF = 15 min
For all the trades, you will have Take Profit = 40 pips, Stop Loss = -30 pips.
First entry : You wait for a candle breaking a trend line and you go.
If you are long :
- if your TP is hit ,you win 40 pips and you take another trade long.
- if your SL is hit, you loose 30 pips, and you take a trade short.
If You are short :
- if your TP is hit, you win 40 pips and you take another trade short.
- if your SL is hit, you loose 30 pips, and you take a trade long.
You are always in the market long or short, during the time you decide to trade.
Another thing, look at ZEBULON tree, you will see that the size of the trade is not always the same. You start with 2 lots and after it depends. Usually, there are 3 following trades.
After each pack of 3 trades (except pack "C" = 2 trades), your result will be :
A=200 pips
B= 60 pips
C= 50 pips
D= 20 pips
E= -50 pips
F= -50 pips
G= -120 pips
When Your pack is finished, you restart with 2 lots.
Very easy, isn't it ?
Why does it works ?
Because the trend is waves + waves
Because the range is waves - waves
Because the waves on EUR/JPY are about 50 pips
Because you will have more +40 than -30
Because ZEBULON tree increase the profit
Try it !
Good trades
Zebulon
I want to share this system which is derivated from my personal discretionary system.
So i had created simple rules to make it very easy to go.
First, sorry for my "frenchy" english, second, your ideas to improve this system and making it better are welcome.
Your backtest are welcome too.
This system is based on the waves. And we will try to catch them.
I only trade on EUR/JPY, because it is a very volatile pair.
There are lots of 40 pips waves for this pair, so we will try to catch 40 pips movements.
RULES :
TF = 15 min
For all the trades, you will have Take Profit = 40 pips, Stop Loss = -30 pips.
First entry : You wait for a candle breaking a trend line and you go.
If you are long :
- if your TP is hit ,you win 40 pips and you take another trade long.
- if your SL is hit, you loose 30 pips, and you take a trade short.
If You are short :
- if your TP is hit, you win 40 pips and you take another trade short.
- if your SL is hit, you loose 30 pips, and you take a trade long.
You are always in the market long or short, during the time you decide to trade.
Another thing, look at ZEBULON tree, you will see that the size of the trade is not always the same. You start with 2 lots and after it depends. Usually, there are 3 following trades.
After each pack of 3 trades (except pack "C" = 2 trades), your result will be :
A=200 pips
B= 60 pips
C= 50 pips
D= 20 pips
E= -50 pips
F= -50 pips
G= -120 pips
When Your pack is finished, you restart with 2 lots.
Very easy, isn't it ?
Why does it works ?
Because the trend is waves + waves
Because the range is waves - waves
Because the waves on EUR/JPY are about 50 pips
Because you will have more +40 than -30
Because ZEBULON tree increase the profit
Try it !
Good trades
Zebulon
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