Hi all......
I'm starting this post to share with you my strategy in the hopes that anyone willing will help to both confirm my findings and further improve upon it.
the entry rules are very simple.....
we have a 15 lwma (orange)
a 25 smma (green)
a 290 lwma (red)
and a babon slope (red and white)
when all 3 moving averages are moving up and the babon is white you buy. set a tp for 5 pips and an emergency sl at 20 pips.
re-enter after a winning trade when the babon slope has changed from red back to white and all 3 ma's are heeding up (do not re-enter if the babon is still white it must go red then back to white)
the opposite is true for a sell signal.
in this example there are 7 winning signals and 2 that failed, the entry points are the yellow arrows and the exits are the red.
how to spot when a trade has failed using the green smma....
here we would have taken a trade as conditions were right at the yellow arrow but slowly things began to turn and eventually the green smma began to move in the opposite direction so we close the trade for a small loss
when to trade and when not to trade....
I have found the best time to trade this is during the London trading hours when movements tend to be bigger. I'm on gmt and up at 7am and things always seem to be gearing up by then and are good till some time between 4 and 5 pm (gmt obviously).
if things are flat then you can get false signals so avoid using if the green and orange are both interacting with each other a lot or worse all 3 are looking flat
and as always big news announcements that can shake up the market and cause you to hit the emergency stop before to can close a trade!!! at least a half hour ether side.
I follow 2 pairs at the moment eur/usd and usd/jpy because of there small spreads with potential for large moves.
from what I can seen you can shoot for around 50 to 100 pips in a day.
as I said I want to see whet people think and what can be done to improve this. I'm working on a indicator that lets you know when the conditions have been met but at the moment it paints on every candle rather than just the first one then don't paint again until conditions are broken then met again so any help with that would be good.
all suggestions are welcome.
ill work on a better template but here it is along with the babon slope
happy hunting.
I'm starting this post to share with you my strategy in the hopes that anyone willing will help to both confirm my findings and further improve upon it.
the entry rules are very simple.....
we have a 15 lwma (orange)
a 25 smma (green)
a 290 lwma (red)
and a babon slope (red and white)
when all 3 moving averages are moving up and the babon is white you buy. set a tp for 5 pips and an emergency sl at 20 pips.
re-enter after a winning trade when the babon slope has changed from red back to white and all 3 ma's are heeding up (do not re-enter if the babon is still white it must go red then back to white)
the opposite is true for a sell signal.
in this example there are 7 winning signals and 2 that failed, the entry points are the yellow arrows and the exits are the red.
how to spot when a trade has failed using the green smma....
here we would have taken a trade as conditions were right at the yellow arrow but slowly things began to turn and eventually the green smma began to move in the opposite direction so we close the trade for a small loss
when to trade and when not to trade....
I have found the best time to trade this is during the London trading hours when movements tend to be bigger. I'm on gmt and up at 7am and things always seem to be gearing up by then and are good till some time between 4 and 5 pm (gmt obviously).
if things are flat then you can get false signals so avoid using if the green and orange are both interacting with each other a lot or worse all 3 are looking flat
and as always big news announcements that can shake up the market and cause you to hit the emergency stop before to can close a trade!!! at least a half hour ether side.
I follow 2 pairs at the moment eur/usd and usd/jpy because of there small spreads with potential for large moves.
from what I can seen you can shoot for around 50 to 100 pips in a day.
as I said I want to see whet people think and what can be done to improve this. I'm working on a indicator that lets you know when the conditions have been met but at the moment it paints on every candle rather than just the first one then don't paint again until conditions are broken then met again so any help with that would be good.
all suggestions are welcome.
ill work on a better template but here it is along with the babon slope
happy hunting.
Attached File(s)
Babon Slope .ex4
13 KB
|
981 downloads
Attached File(s)
ma_babon.tpl
1 KB
|
803 downloads