MODIFIED: I've added one pretty useful indicator called Traders Dynamic Index
I've tried to explain a system without this indi but I've realized that it doesn't work well.
So now we check for TDI crosses either up or down in order to make an entry. Check out the NEW RULES.
Hey guys,
I'd like to introduce the MIGHTY ACHILLES system in order to get feedback from you fellow traders.
This system is pretty straightfoward.
These are the settings:
- Synergy Bars
- EMA 60 close
- Traders Dynamic Index (TDI)
- 5 SMMA high
- 5 SMMA low
These two last are meant to make the PRICE ACTION CHANNEL (PAC)
These are the rules:
1. Once a synergy bar closes above PAC we go long only if we are in an uptrend. How do we know if that's the case? We look at 60EMA.
2. Once a synergy bar closes below PAC we go short. Again, only if we are in a downtrend (Look at 60EMA)
That's pretty much all of it.
This method is NOT in any case of my authority, Dean Malone is the genius that made it up.
Money Management:
We only risk 1-5% of our account in any trade. So set SL at whatever pips is only up to 10% of your account. Be strict on this.
I'd like to mention that this system doesn't make the same amount of pips every time. If we see that momentum is big (size of synergy bars) we might make more pips than an average synergy bar close.
The more you trade the more confident you will get, the more you will be able to bet on every position you open in order to make more profits.
Take profits:
Well guys this is up to you cause you can make 20 pips or maybe 80 pips in every trade, you have to watch at market conditions. My rule is I close every trade if it goes 30 pips against me and I take profits if it goes 60 pips in my favor. You can make your own rule!
NOTE
This is a high probability system with a high success rate, YOU WILL HAVE LOSSES but the profit will be enought to COVER IT ;D
If you don't know what the heck is a high probability system QUIT everything you are doing inmediately and read "TRADING IN THE ZONE" by Mark Douglas at least two times. Once you got the idea read again this post.
By the way I'm from Chile so I'm sorry about english errors I could make.
I've tried to explain a system without this indi but I've realized that it doesn't work well.
So now we check for TDI crosses either up or down in order to make an entry. Check out the NEW RULES.
Hey guys,
I'd like to introduce the MIGHTY ACHILLES system in order to get feedback from you fellow traders.
This system is pretty straightfoward.
These are the settings:
- Synergy Bars
- EMA 60 close
- Traders Dynamic Index (TDI)
- 5 SMMA high
- 5 SMMA low
These two last are meant to make the PRICE ACTION CHANNEL (PAC)
These are the rules:
1. Once a synergy bar closes above PAC we go long only if we are in an uptrend. How do we know if that's the case? We look at 60EMA.
2. Once a synergy bar closes below PAC we go short. Again, only if we are in a downtrend (Look at 60EMA)
That's pretty much all of it.
This method is NOT in any case of my authority, Dean Malone is the genius that made it up.
Money Management:
We only risk 1-5% of our account in any trade. So set SL at whatever pips is only up to 10% of your account. Be strict on this.
I'd like to mention that this system doesn't make the same amount of pips every time. If we see that momentum is big (size of synergy bars) we might make more pips than an average synergy bar close.
The more you trade the more confident you will get, the more you will be able to bet on every position you open in order to make more profits.
Take profits:
Well guys this is up to you cause you can make 20 pips or maybe 80 pips in every trade, you have to watch at market conditions. My rule is I close every trade if it goes 30 pips against me and I take profits if it goes 60 pips in my favor. You can make your own rule!
NOTE
This is a high probability system with a high success rate, YOU WILL HAVE LOSSES but the profit will be enought to COVER IT ;D
If you don't know what the heck is a high probability system QUIT everything you are doing inmediately and read "TRADING IN THE ZONE" by Mark Douglas at least two times. Once you got the idea read again this post.
By the way I'm from Chile so I'm sorry about english errors I could make.
let's skype: @elchinoazul
