I will make this thread easy and simple. It will give nice trend catch. So just u need to be ready for collecting pips from trend movement. We just need one indicator and it will make our life easy.
NonLagDot (20) is only what we need.
Let start: what we need we wait until the indicator change color from red to blue or vice versa, after that we wait first retracement to enter the market with pending order of the break of the retracement candle.
I will give some examples so u will understand it better.
Time frame any but we will start with M30.
We will trade it as basket trading of 12 pairs: EU,GU,AU,NU,UC,UJ,EJ,GJ,CJ,AJ,NJ,EN.
SL will be last swing. If opposite signal appear before hiting our SL 2 options available :
1- we keep both opposite trades each with SL last swing.
2- we keep both trades open with a gap the difference between 2 entries ( but in such case the pair is hedged which mean out of basket).
TP will be when basket will hit a weekly target ( each trader should put one).
For more information and details one of our traders made a nice summary for the system .( Post 1,684)
Multi TF nonlagdot was added and big thanks go for Smoothtrader ( can be used for filtrating trades ).
SECOND EDITION OF NLD. updated 1-12-2016
TF (4H)
Entry :
When nonlagdot change colour, we set pending order below the break of the candle colour change.
TP: will be 1.5 the size of the candle signal.
STOP LOSS: the high of the signal candle.
NB:
the big game is that we will start with a small risk.
the risk per trade will be 2$ but we will build a sequence of trades that will give us a big win when target hit.
This sequence will be by doubling the position until profit of last open trade hit the profit.
So each time the target of last open trade hit TP we should reset our risk.
NonLagDot (20) is only what we need.
Let start: what we need we wait until the indicator change color from red to blue or vice versa, after that we wait first retracement to enter the market with pending order of the break of the retracement candle.
I will give some examples so u will understand it better.
Time frame any but we will start with M30.
We will trade it as basket trading of 12 pairs: EU,GU,AU,NU,UC,UJ,EJ,GJ,CJ,AJ,NJ,EN.
SL will be last swing. If opposite signal appear before hiting our SL 2 options available :
1- we keep both opposite trades each with SL last swing.
2- we keep both trades open with a gap the difference between 2 entries ( but in such case the pair is hedged which mean out of basket).
TP will be when basket will hit a weekly target ( each trader should put one).
For more information and details one of our traders made a nice summary for the system .( Post 1,684)
Multi TF nonlagdot was added and big thanks go for Smoothtrader ( can be used for filtrating trades ).
SECOND EDITION OF NLD. updated 1-12-2016
TF (4H)
Entry :
When nonlagdot change colour, we set pending order below the break of the candle colour change.
TP: will be 1.5 the size of the candle signal.
STOP LOSS: the high of the signal candle.
NB:
the big game is that we will start with a small risk.
the risk per trade will be 2$ but we will build a sequence of trades that will give us a big win when target hit.
This sequence will be by doubling the position until profit of last open trade hit the profit.
So each time the target of last open trade hit TP we should reset our risk.
Attached Image (click to enlarge)
Attached Files
