Hello guys, Past of 7 years I have been developing Trading systems and creating new ways for Forex Trading. Completing one hand ✋ let me introduce my fifth system Fox Wave, available for download with the Golden Time edition for Intraday Trading.
Download it from Here:
http://www.mediafire.com/?k6zak6275d5jhot
Golden Guards: our filter to confirm the entry. the rest of 9 candlesticks Golden period after the Extended time wave. count no. of Bullish candlesticks to Bearish ones and number of Guards must be greater the other type to confirm the entry direction (Bullish extend time wave= no. of Bullish guards>no. of Bearish guards and vice versa).
*No. of Golden Guards< No. of other type=NO TRADE.
*Balanced Guards cases: no. of Bullish Guards=no. of Bearish Guards, entry still valid but with low lot size.
*Out of time Cases: when Confirmation pattern occur late and Extended wave is out of the 9 candlesticks Golden period, we don't use guards to confirm our entry. entry is valid with low lot based only on direction of Extended time wave.
*No Donor candlesticks cases.
*Stop loss: is Golden period (no of pips of 9 candlesticks) or Max 100 pip of any pair on H1 TF if Golden Period is greater than 100 pips.
*Take profits: All orders to be closed at end of the day.
Read more: http://forums.babypips.com/free-fore...#ixzz3jngD51S2
Download it from Here:
http://www.mediafire.com/?k6zak6275d5jhot
Final Shape of 'Extended Time'
Golden Guards: our filter to confirm the entry. the rest of 9 candlesticks Golden period after the Extended time wave. count no. of Bullish candlesticks to Bearish ones and number of Guards must be greater the other type to confirm the entry direction (Bullish extend time wave= no. of Bullish guards>no. of Bearish guards and vice versa).
*No. of Golden Guards< No. of other type=NO TRADE.
*Balanced Guards cases: no. of Bullish Guards=no. of Bearish Guards, entry still valid but with low lot size.
*Out of time Cases: when Confirmation pattern occur late and Extended wave is out of the 9 candlesticks Golden period, we don't use guards to confirm our entry. entry is valid with low lot based only on direction of Extended time wave.
*No Donor candlesticks cases.
*Stop loss: is Golden period (no of pips of 9 candlesticks) or Max 100 pip of any pair on H1 TF if Golden Period is greater than 100 pips.
*Take profits: All orders to be closed at end of the day.
1. Mark on Your chart first 9 candles of the day
2. After 9 candles start looking for confirmation any pattern
3. When You see 2 bearish candles and 1 bullish it is a bearish confirmation pattern
4. When You see 2 bullish candles and 1 bearish it is a bullish pattern
5. Now start counting 9 candles backward from last candle of confirmation pattern
6. These are Your 3 subwaves and You have to analyze them
7. When You analyze them and You know what type of wave it is (bullish or bearish), look to the left side of this wave
8. There are some candles between Your wave and beginning of the day
9. Count bullish and bearish candles
10. If there is more bullish than bearish candles and Your main wave is also bullish then You go Long
11. If there is more bearish than bullish candles and Your main wave is also bearish then You go Short
12. If the candles and main wave are different then NO TRADE 13. If bullish candles are equal bearish candles then You trade in direction of main wave but with smaller lot size than usualy. Hope that help a little. Im writing from my smartphone so i don't have any screenshots
Read more: http://forums.babypips.com/free-fore...#ixzz3jngD51S2
