ALL THE VIEWERS PLEASE GO TO THE UPDATED VERSION NAMED Early Trend Catcher part2
http://www.forexfactory.com/showthread.php?p=7626408#post7626408
YOU DONT NEED TO READ THIS SYSTEM. THANK YOU ALL
hi to everyone. my name is vijay. i am herewith share my system with you all. this thread i started for 4 hrs chart. i am still developing this system. i am impressed with eitan project that was give me some idea about trade with 4 hr chart. so if we trade with 4 hr chart, less tension keep with more relax in forex trading long time. and we dont need to watch the markets all the time.
i directly come to the point, i developed this one with GBPJPY pair. and i believe this system will work with major currency pairs.(still working with other currency pairs). this system is reversal trading system. that means, we catch the trend at earlier. that means big take profit and less stoploss level.
the indicators i used here are semaphor, aoac alerts, daily openline, trend detector, and moving average 3and 9
long entry rules
1. trend indi must first yellow after the red one
2. aoac alerts must be green
3. green candle stick
4. candle close price above atleast any one moving average
optional : if signal candlestick price difference between open and close price is more than 500 pips(3 digit gbpjpy) you can avoid long
sell entry rules
1. trend indi must first yellow after the blue one
2. aoac alerts must be red
3. red candle stick
4. candle close price below atleast any one moving average
optional : if signal candlestick price difference between open and close price is more than 500 pips(3 digit gbpjpy) you can avoid short
stoploss rules
( wait untill candle close. if candle close price is below the semaphor we can close our position. dont fear about how much it will go loss. be patient.)
1. last semaphor low
2. previous swing low
extra information for safe exit only need to watch candle close in 4 hr chart. this is important
after your buy entry
1. few candle later check all the things i mentioned below
a) aoac turns grey or red with red candle stick( close price) with moving average not crossed yet to trend side
b) trend indi turns red with red candle stick(close price) with moving average not crossed yet to trend side
if any one match exit trade
after your sell entry
1. few candle later check all the things i mentioned below
a) aoac turns grey or green with green candle stick(close price) with moving average not crossed yet to trend side
b) trend indi turns blue with green candle stick(close price) with moving average not crossed yet to trend side
if any one match exit trade
take profit level
i seen so many people struggled with exit level. i clearly explain here.
take two position with good mm. we calculate the price difference between our entry candle open price and last semaphor clsoe price.
exit first lot with 1:1 ratio
exit second lot with 1:2 ratio
extra note for exit trade:
when below rules true with moving average not crossed with each other immediatly exit
1) if you see red semaphor dot with that candle close exit all the position
2)aoac turns to green(for sell) or red(for buy)( not grey)
3) trend indi truns blue(for sell) or red(for buy)( not grey)
4) candle close price below(for buy) or above(for sell)
if any one met exit position
if i missed something i will post later.
feel free for ask all suggestion and questions are welcome.
note: i am still developing for taking trade at the middle of the trend. i will post that later.
http://www.forexfactory.com/showthread.php?p=7626408#post7626408
YOU DONT NEED TO READ THIS SYSTEM. THANK YOU ALL
hi to everyone. my name is vijay. i am herewith share my system with you all. this thread i started for 4 hrs chart. i am still developing this system. i am impressed with eitan project that was give me some idea about trade with 4 hr chart. so if we trade with 4 hr chart, less tension keep with more relax in forex trading long time. and we dont need to watch the markets all the time.
i directly come to the point, i developed this one with GBPJPY pair. and i believe this system will work with major currency pairs.(still working with other currency pairs). this system is reversal trading system. that means, we catch the trend at earlier. that means big take profit and less stoploss level.
the indicators i used here are semaphor, aoac alerts, daily openline, trend detector, and moving average 3and 9
long entry rules
1. trend indi must first yellow after the red one
2. aoac alerts must be green
3. green candle stick
4. candle close price above atleast any one moving average
optional : if signal candlestick price difference between open and close price is more than 500 pips(3 digit gbpjpy) you can avoid long
sell entry rules
1. trend indi must first yellow after the blue one
2. aoac alerts must be red
3. red candle stick
4. candle close price below atleast any one moving average
optional : if signal candlestick price difference between open and close price is more than 500 pips(3 digit gbpjpy) you can avoid short
stoploss rules
( wait untill candle close. if candle close price is below the semaphor we can close our position. dont fear about how much it will go loss. be patient.)
1. last semaphor low
2. previous swing low
extra information for safe exit only need to watch candle close in 4 hr chart. this is important
after your buy entry
1. few candle later check all the things i mentioned below
a) aoac turns grey or red with red candle stick( close price) with moving average not crossed yet to trend side
b) trend indi turns red with red candle stick(close price) with moving average not crossed yet to trend side
if any one match exit trade
after your sell entry
1. few candle later check all the things i mentioned below
a) aoac turns grey or green with green candle stick(close price) with moving average not crossed yet to trend side
b) trend indi turns blue with green candle stick(close price) with moving average not crossed yet to trend side
if any one match exit trade
take profit level
i seen so many people struggled with exit level. i clearly explain here.
take two position with good mm. we calculate the price difference between our entry candle open price and last semaphor clsoe price.
exit first lot with 1:1 ratio
exit second lot with 1:2 ratio
extra note for exit trade:
when below rules true with moving average not crossed with each other immediatly exit
1) if you see red semaphor dot with that candle close exit all the position
2)aoac turns to green(for sell) or red(for buy)( not grey)
3) trend indi truns blue(for sell) or red(for buy)( not grey)
4) candle close price below(for buy) or above(for sell)
if any one met exit position
if i missed something i will post later.
feel free for ask all suggestion and questions are welcome.
note: i am still developing for taking trade at the middle of the trend. i will post that later.
Attached Image (click to enlarge)
Attached File(s)
thanks!
thanks