Hi
Simple system: Trade it on the 15 min or 60 min charts (or any Time Frame: Need to change the MACD settings)
1. Trend: Use the macd for trend
i. Use the macd from one time frame higher.
ii. I use the setting 48.104.36 (for 15 and 1 hour) so its all on one chart.
You can simply open 2nd chart of one higher time frame if you like .
(5 mim chart and 15min Macd is to fast. 5 min chart and 30 min Macd works as well I find)
2. Enter two lots
A. Trigger: Stoch 9.3.3 & B.bands 20.2.2 settings
To Buy
i. Stoch: over sold and coming out or over the 20line!
ii. Bband: 2 candle entery (at bottom)
1st candle breaks under the B.Bands
2nd Candle is a bull and comes back into the BBand.
(if its close to Bband you might take it ,
esp if BBands are wide. realy I like at lest a touch)
3. Exit
1st. lot when price bounces off the other side of the Bband
Again 2 candle sign. out then in.
2nd. lot when the Macd changes to sell.
(or use the swings, keep moving up the stop lose)
So you might have a number of losts on.
I like to have only a max of two lots that are not in a free trade.
Then add more if I can.
Stop loss:
2 pips below last swing low
and keep moving up SL with every higher swing low
To sell reverse everything
have fun
VERY IMPORTANT!!
when trend reverses wait for a 1 2 3 break higher in the Direction of the reversal
This will save you a lot of money
Later I will post a chart to show you this
teb
Simple system: Trade it on the 15 min or 60 min charts (or any Time Frame: Need to change the MACD settings)
1. Trend: Use the macd for trend
i. Use the macd from one time frame higher.
ii. I use the setting 48.104.36 (for 15 and 1 hour) so its all on one chart.
You can simply open 2nd chart of one higher time frame if you like .
(5 mim chart and 15min Macd is to fast. 5 min chart and 30 min Macd works as well I find)
2. Enter two lots
A. Trigger: Stoch 9.3.3 & B.bands 20.2.2 settings
To Buy
i. Stoch: over sold and coming out or over the 20line!
ii. Bband: 2 candle entery (at bottom)
1st candle breaks under the B.Bands
2nd Candle is a bull and comes back into the BBand.
(if its close to Bband you might take it ,
esp if BBands are wide. realy I like at lest a touch)
3. Exit
1st. lot when price bounces off the other side of the Bband
Again 2 candle sign. out then in.
2nd. lot when the Macd changes to sell.
(or use the swings, keep moving up the stop lose)
So you might have a number of losts on.
I like to have only a max of two lots that are not in a free trade.
Then add more if I can.
Stop loss:
2 pips below last swing low
and keep moving up SL with every higher swing low
To sell reverse everything
have fun
VERY IMPORTANT!!
when trend reverses wait for a 1 2 3 break higher in the Direction of the reversal
This will save you a lot of money
Later I will post a chart to show you this
teb
