Viking_1975 System

I would like to thank everyone from the Imran thread and to Chandra in me coming up with this simple system i'm using. Upon Chandra's okay I will post a template and the indicators used and the settings used in this simple system.

Number one I hope it fits any traders style from intraday traders, intermdiate and long term traders.

With the help of the forex factory family maybe we can adjust this system for better profitability and help make it work with changing market conditions. I will however wait for Chandra's okay before posting the indicators as this system is based upon his work. I will post the charts to the method and field questions to the system and would really like everyone from imran's thread to participate along with Imran, Chandra, Shocker2, and FXNinja.

Here's is the link to Chandra's explanation of his indicator this system is based upon. http://www.forexfactory.com/showpost...0&postcount=23

I would like to add the pairs chosen and why.

The EUR/JPY with it's better spreads and good volatility is chosen for 5m trading.

The GBP/USD with it's slighlty less volatility is chosen for 1hr trading.

The EUR/USD being the dominant pair traded is used for Daily trading.

Also this lessens your risk as it's not a all eggs in one basket approach. The Daily trade keeps you in profit at all times as the others are gravy and give you flexibility.

First two trades during asian session.

took profit!

looking intresting Viking .. looking forward to testing it and see if we can make any other changes or make it a complete system if any changes needed

looking forward to the templates

Goodbadmas

P.S. I am a user of Imran's Method

Thanks goodbadmas..look forward to your help!

This is a great system,but I can not test with its setup.
Would any buddy instruct me how to setup indicators iwth best results

Ele

Here is the indicators and template used in this system..please denote the wave indicator as this is not part of the system. Down the road I will write a word document and .pdf explaining the rules as i narrow down the trading philosophy with the creator of the indicators Chandra. Looking forward to everyones help!

Set slope direction period1 to 25..also set ventex on 5m to period1 15 on 60m charts the sames...on daily charts set period1 to 60...

Here is a recap of the recent short trade.

Before I forget I would like to mention that the autofibs is used for targets only on the 5m timeframe...on 60m and Daily on the slope is used with ventex for taking profit or closing out trades..Sorry everyone for not explaining that earlier...i will set this all in stone with the word document and .pdf

Hi Ele, If further help is needed setting up the chart PM me or ask on here.

Best Regards,
Chris

Chandra will come along and help with this thread as he is the gracious person behind the ventex indicator along with IFT-RSI. I look forward to his thoughts and input to evolve this method over time. THANKS CHANDRA!!

Hi Chris,

I am excited to see my new indicators are put to use. Later on I will write about the indicators. For now, just want to thank you for sharing your findings on how best to use these indicator combinations. Let us work on testing/improving it further. I look forward to the details.

Regards,
chandra

Hi Chris, could you please post the indi & template? what are the rules for your system? Thanks

Hi Chandra,

Looking forward to your help with this!

Best regards,
Chris

Hi Jack,
Indis and template are posted above. Rules are target fib levels on 5m at this present time...stop trade win or lose when ventex is touched. On 60m and daily charts profit is taken on the slope indicator with last lot closed on breach and change of ventex..i hope this helps..if you need further clarification i would be more than happy to explain more. Also this is a open thread for anybody to improve the system or add there thoughts.

Thanks Jack and everyone else as I feel this is a team effort!

Best regards,
Chris

ok, the charts are setup and now trying to understand it ...

thanks
goodbadmas

Hi again,
I am using three lots with this method but that is up to the discrestion of the trader...three mini or three standards is up to you...you may choose one or two..but i welcome ideas on that as well...your risk and leverage level is based on your account size..i risk 5 percent...some ppl may risk more some may less it's all in your willing to risk. Hope this helps!

Chris

Hi goodbadmas,
As I post more charts I hope everyone will see the method and how it works...please give the charts sometime and me too and I explain this method and it will evolve too as more people contribute..I look forward to your input!

Best regards,
Chris