I just messing around with my charts and came up with this system. It's your standard b/o system with one major difference - it uses a time element. Instead of trading the b/o of x number of bars' highs or lows what this system basically does is trade the break of a trendline created by previous high or lows. By trading a break of the trendline, which b/o point moves every bar, instead of fixed high or low, a time element is introduced. There are quite a few benefits to incorporating a time stop into any system.
I've posted this picutre to try and show how it looks. A break of a south trendline creates a long trade and when that north trendline is broken the trade is stopped out and reveresed into a short trade. The drawing of the trendline may be a little subjective but is still pretty standard.
I've posted this system mainly for people struggling to come up with a method. This is a very basic, both mechanical and subjective system that you could use to get stated and pratice the basics of trading - discipline, cutting losses and letting winners run.
I've posted this picutre to try and show how it looks. A break of a south trendline creates a long trade and when that north trendline is broken the trade is stopped out and reveresed into a short trade. The drawing of the trendline may be a little subjective but is still pretty standard.
I've posted this system mainly for people struggling to come up with a method. This is a very basic, both mechanical and subjective system that you could use to get stated and pratice the basics of trading - discipline, cutting losses and letting winners run.
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