Long Position
- Must have Buy signal in EURUSD 8/5 minute chart;
- Must have green candle in EURUSD 8/5 minute chart;
- A Blue Dot should be there in Stochastic Slow Before or After the Signal of Sell.
- Must be blue color on the moving average;
- Stop loss for the trade is Red candle close in EURUSD 8 minute chart. If after few Red candles, green candle closes again, enter the trade again;
- Also as a caution, take a look at 20/15 minute chart. If your trade is against 20/15 minute chart signal, then exit with small profit;
- Never buy on resistance levels, wait for the breakout.
- Always keep a track on news.
- Other indicator are just supporting indicators but do not trigger the trade on the entry or exit;
- If you are trading more than 1 Lot and trade is profitable, after 30 Pips move in your favor, have a trailing stop loss of 20 pips if the signal seems to be strong. You can even sell ½ position for 30 pips and let the other ½ run to the upside. If price starts coming down, exit at breakeven. Make sure that if position in profit, it must NOT end up in loss.
Short Position
- Must have Sell signal in EURUSD 8/5 minute chart;
- Must have red candle in EURUSD 8/5 minute chart;
- A White Dot should be there in Stockastic Slow Before or After the Signal of Sell.
- Must be red color on the moving average;
- Stop loss for the trade is green candle close in EURUSD 8/5 minute chart. If after few green candles, red candle closes again, enter the trade again;
- Also; take a look at 20/15 minute chart. If your trade is against 20/15 minute chart signal, then exit with small profit;
- Never sell on supports levels, wait for the breakout.
- Always keep a track on news.
- Other indicator are just supporting indicators but do not trigger the trade on the entry or exit;
- If you are trading more than 1 Lot and trade is profitable, after 30 Pips move in your favor, have a trailing stop loss of 20 pips if the signal seems to be strong. You can even sell ½ position for 30 pips and let the other ½ run to the downside. If price starts going up, exit at breakeven. Make sure that if position in profit, it must NOT end up in loss.
I have setup an online browser based display for you all to use.
its a 25 user limit so please bear with me, and instead of keeping browser window open, use it every 10-15 minutes. that way you wont' be tempted to trade out of boredom.
EDIT : Display is cutting out after 10 minutes, anyone knows of a way to stream to multiple people without cutoff?
i will try to update the url if it changes.
IF you have any questions, please ask.
also, NO , the trading system is NOT for sale.
try to use it, and see if you can make something off it, it will usually give 2-4 good trading signals per pair daily, making 40-60 pips.
and last , but not the least, please use money management, and commonsense, these are the only two things lacking in forex trading.!