Iíve been working tirelessly over the course of the last few months to develop a system that I could be proud of and I believe I have finally completed my work. Iím bringing it to Forex Factory because I am of the opinion that its membership includes the best and brightest retail Forex minds in the world! I would appreciate all of your thoughts, comments and CONSTRUCTIVE criticisms as we move forward and attempt to perfect the following method.
Please do not post any additional indicators without valid back test results. The results should be posted for everyone to see. Similar to the results I have posted below.
I would like this thread to accomplish two goals:
1) Educate new and experienced traders on the use of my trading method/system.
2) Optimize the method until it reaches its maximum potential.
Now that we have the formalities out of the way Iíll go ahead and explain the method. I have attached all of the necessary components.
Pair: GBP/JPY (we may be able to add more pairs in the future)
Time Frame: M30
- 20 period RSI with the 50 level clearly defined
- 14 period ADX with the 25 level clearly defined
- Custom Trend with default settings
- Forex Off Trend with default settings
I will explain the entry and exit parameters in the next few posts.
Please read post #250 after you have read posts 1-4.
Just a reminder, if you have not signed up for the trade signals via Yahoo IM or Skype please send me a PM with you user ID and I will add you to the list ASAP. It is much faster and easier to communicate with you all on IM. There will be additional content available to those who join such as updates to the system, a new and more aggressive system, videos and much more. Those who sign up for IM or Skype will get updates and trade alerts long before the forum will see them. For those viewing the thread who are not members, my Yahoo IM ID and Skype ID is: fxtakeover
Feel free to add me and I'll return the favor!