Indicators:
3 EMA's (8white, 20orange, 50red)
THV4 MTF Trix (1min fast, 1min slow, 5min fast, 5min slow)
THV4 Trix called (base of MTF Trix)
THV4 TzPivotsD (Black)
KG Support and Resistance
Pairs and Timeframes: EUR/USD 1min, for now
Entry rules:
For long:
Ma's: White over orange and orange over red
Trix: The first 4 green lights
The Trix should get signal after Ma's are in order if we already have 4 green lights and then MA's get in order it's not an entry.
So when Ma's are in order then we see 4 green lights we should enter at the start of the next candle. (shown in picture)
For short: The opposite.
Exit rules:
I have a partial take profit at 5pip then I breakeven and go for the next 5pip then I put a 5-10 trailing stop for the rest.
Stoploss:
I use 15pip stoploss or previous low/high, I know it's strange: TP:5, SL:15, but this is a partial TP, most of the time the system gives 10-20 pips. So maybe the TP/SL ratio is not good but we have much more winning trades than losing ones, and that covers.
Cautions:
Draw trendlines, supports, resistances, and don't enter near those levels and fibo pivots ((yesterday high/low, today's open), these are shown by THV TzPivotsD indicator).
There are some updates here: http://www.forexfactory.com/showthre...59#post4296759
Attached File(s)
THV4 TRIX MTF.ex4
23 KB
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1,507 downloads
THV4 TzPivotsD (Black).ex4
45 KB
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1,310 downloads
THV4 Trix called.ex4
28 KB
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1,297 downloads
#KG Support and Resistance.ex4
6 KB
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1,204 downloads
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Uploaded Nov 12, 2010 8:10am
exking scalp.tpl
23 KB
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1,233 downloads
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Uploaded Nov 12, 2010 8:10am