I'd like to share with u
My trading system: ( I use it on 1H, 4H & Daly TF)
8 EMA, 13 SMA, 100 EMA & 10 GannHiLo
8 RSI, 13 RSI & 100 RSI (in the same window)
Trend estimation:
Trend is up if: Price>8ema>13sma>100ema & Price>10GannHiLo & 8rsi>13rsi>100rsi
Trend is down if: Price<8ema<13sma<100ema & Price<10GannHiLo & 8rsi<13rsi<100rsi
Swing up if: Price>8ema>13sma<100ema & Price>10GannHiLo & 8rsi>13rsi>100rsi
Swing down if: Price<8ema<13sma>100ema & Price<10GannHiLo & 8rsi<13rsi<100rsi
Long term trade if MA slop is in direction of the trend!
MM rules (max risk < 2.84% per pair)
Open lots = Balance / 15000
[ example: Balance=5000$; position = 5000/15000 = 0.33 Lots ]
S/L = smallest
· 66 pips
· Or support/resistance + 10pips
TP > 2*S/L
Trilling Stop =50 pips
Profit protection rules
- any 38.2% retracement
- any brake with 3 pips GanHiLo on next TF
- any cross of 8ema & 13sma (13sma & 100ema) in opposite direction on next TF
Add ⅓ to the existing position.
- if price brake 13sma & then go in the trend direction (rsi rules are confirming the trend direction)
- if price brake last Hi Lo in the direction of the trend
Entry: in the trend direction 1 open position; in contra trend ⅓ open position.
Buy – after close above 8ema (13sma long term) at the next open
When in trend direction (8ema>13sma>100ema & 8rsi>13rsi>100rsi)
or in contra trend (8ema>13sma>100ema & 8rsi>13rsi<100rsi)
Sell - after close below 8ema (13sma long term) at the next open
When in trend direction (8ema<13sma<100ema & 8rsi<13rsi<100rsi)
or in contra trend (8ema<13sma<100ema & 8rsi<13rsi>100rsi)
Price action is the most important for me and I use some candlestick patterns. Also I use Daily pivot (calculated for NY, London & Tokyo session), trend lines, old tops & bottoms to find support & resistance areas. Use FIB retracement point 38.2, 50 & 61.8 to confirm entry and exit point.
It show very good result in the time of the test (last 90 days). Now I will test it on the separate live account and will post any execution.
PS. I apologize to every one of you who recognize some of my rules as part of his own system. I just use some very common indicators and rules.
