After seeing the VWB, I realized that my Arrow system development was heading in the same direction. But, because the VWB is superior, I've decided I no longer wish to do any further development of the Arrow system. Therefore, I'm releasing here what I've got do date. It is raw, unfinished and untested. Do with it as you will.
Here are the "rules".
This system works best when the market is ranging. It doesn't like trends. Therefore, try to trade when the 55 sma has been relatively horizontal.
On a 4 hour chart set up a 55 sma median as the centerline. Above and below the centerline, plot lines 55 and 89 pips away.
Everything between the 89's is "inside". Everything else is "outside".
When price moves outside the 89, start trailing an entry on the nearest 55, with a stop on the nearest 89; first TP on the centerline; second TP on the opposite 55 and the final TP on the opposite 89.
Start your trailing entry to go short when price moves outside the upper 89.
Start your trailing entry to go long when price moves outside the lower 89.
If the third TP is hit (the opposite 89), you will begin a trailing entry in the opposite direction.
Note that sometimes, price will stay outside the 89's for a long time, so this system misses the large moves. Try to update your trailing entry several times each day (every 4 hours maybe?).
The chart below, with color codes, shows a short trade that hits all three TP's, a long trade that hits two TP's and then stops out at break even, and a short trade that got stopped out.
When the first TP is hit, move the stop to break even and leave it there.
Here are the "rules".
This system works best when the market is ranging. It doesn't like trends. Therefore, try to trade when the 55 sma has been relatively horizontal.
On a 4 hour chart set up a 55 sma median as the centerline. Above and below the centerline, plot lines 55 and 89 pips away.
Everything between the 89's is "inside". Everything else is "outside".
When price moves outside the 89, start trailing an entry on the nearest 55, with a stop on the nearest 89; first TP on the centerline; second TP on the opposite 55 and the final TP on the opposite 89.
Start your trailing entry to go short when price moves outside the upper 89.
Start your trailing entry to go long when price moves outside the lower 89.
If the third TP is hit (the opposite 89), you will begin a trailing entry in the opposite direction.
Note that sometimes, price will stay outside the 89's for a long time, so this system misses the large moves. Try to update your trailing entry several times each day (every 4 hours maybe?).
The chart below, with color codes, shows a short trade that hits all three TP's, a long trade that hits two TP's and then stops out at break even, and a short trade that got stopped out.
When the first TP is hit, move the stop to break even and leave it there.
Attached Image
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