My trend and pullback system | Forex Factory

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My trend and pullback system

  • #1
  • First Post: Edited Jan 20, 2018 1:10pm Jan 17, 2018 8:06am | Edited Jan 20, 2018 1:10pm
MY NEW IDEA.
Find the trend.In my view a new trend is when the 20 SMA XOVER the 100 SMA .
Pullback is only valid after my trend xover is printed.In my view pullback is when the price retest the KC and or the 8 STOCH fall below the 50 level from above for buy signals setting up.
Trigger:You need to find the best point to enter after the pullback.

Any idea can be changed ,so your own inputs are ok here.
Any time frame
100 SMA
KC with SMA set at 20
cross dots indicator set to 100 and 20
stochastic indicator with period 34,3,3
stochastic indicator with period 8,3,3
=============
Buy set up 20 SMA closes above 100 SMA (if a green dot appear that confirm n strong buy set up ,but you do not need to wait for a green dot)
stochastic indicator with period 34,3,3 and stochastic indicator with period 8,3,3 are above the 50 level.
Wait for price to pullback to retest KC and stochastic indicator with period 8,3,3 to fall below the 50 level.
After the setting up what is the best trigger to enter the trade?Where can we place our stoploss and take profits?
.
for sell market orders inverse rules.
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As with any system or strategy, it is not 100%
  • #2
  • Jan 17, 2018 9:07am Jan 17, 2018 9:07am
Oil printed all the sell signals to enter short.
Where would you plce your stoploss and take profits?
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As with any system or strategy, it is not 100%
  • #3
  • Jan 17, 2018 9:09am Jan 17, 2018 9:09am
Quoting alicia19
MY NEW IDEA. any idea can be changed ,so your own inputs are ok here. 100 SMA KC with SMA set at 20 cross dots indicator set to 100 and 20 1 h ============= Buy set up 20 SMA closes above 100 SMA (if a green dot ppear that confirm n strong buy set up ,but you do not need to wait for a green dot) Buy set up trigger a buy market order when price closes above last bar that pullback to retest KC . Where can we place our stoploss and take profits? . for sell market orders inverse rules. {image} {image}
great stuff alicia, any chance you can post your template please, i dont have any of the indicators thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #4
  • Jan 17, 2018 9:17am Jan 17, 2018 9:17am
Did you backtest your strategy?
There's a EA called FX Blue Trading Simulator MT4, allowing you to trade like Live.
Report back the result, optimize and increase the odds there.
Odd numbers are odd.
  • #5
  • Jan 17, 2018 9:32am Jan 17, 2018 9:32am
Quoting forex baraka
{quote} great stuff alicia, any chance you can post your template please, i dont have any of the indicators thanks
All ideas to fix this idea is ok to post here.
hee all the indicators amnd some extras all free
Attached File(s)
File Type: zip indicadores (1).zip   264 KB | 1,038 downloads
As with any system or strategy, it is not 100%
  • #6
  • Edited 11:18am Jan 17, 2018 9:34am | Edited 11:18am
Quoting rapidace
Did you backtest your strategy? There's a EA called FX Blue Trading Simulator MT4, allowing you to trade like Live. Report back the result, optimize and increase the odds there.
no. i just came up with this idea.
where is the link to the EA to test it?
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As with any system or strategy, it is not 100%
  • #7
  • Jan 17, 2018 11:37am Jan 17, 2018 11:37am
Quoting alicia19
{quote} no. i just came up with this idea. where is the link to the EA to test it? {image}
https://www.fxblue.com/appstore/39/m...ding-simulator
Odd numbers are odd.
  • #8
  • Jan 17, 2018 6:57pm Jan 17, 2018 6:57pm
Hi alicia19, thankyou for posting your idea. Back when I started trading, I was trading similar system using Bollinger bands, but always found too many false signals. Only thing I can suggest is add stochastic indicator (should be included) with period 34,3,3 (exit when cross the 70 line) or 8,3,3 (exit trade when cross the 50 line) to help stay in the long trend.
Best of luck with your new system

Kind Regards, Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #9
  • Edited Jan 19, 2018 2:42am Jan 18, 2018 4:49am | Edited Jan 19, 2018 2:42am
EURUSD 1 H new setting up #1
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As with any system or strategy, it is not 100%
  • #10
  • Jan 18, 2018 4:52pm Jan 18, 2018 4:52pm
Quoting alicia19
EURUSD 1 H new set up #1 {image}
Premature ejaculation
Combat crazy markets with crazy trading
  • #11
  • Edited Jan 19, 2018 2:43am Jan 18, 2018 6:16pm | Edited Jan 19, 2018 2:43am
Quoting CrazyOz
{quote} Premature ejaculation
What was your trigger to enter the trade?
after the set up you need more filters like to wait for your trigger signal .
As with any system or strategy, it is not 100%
  • #12
  • Jan 18, 2018 6:40pm Jan 18, 2018 6:40pm
Alicia you call this trend pullback but I am not seeing you take trades on a real pullback. you may want to use PA to find the right place to take the pullback like on this chart
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  • #13
  • Jan 18, 2018 6:45pm Jan 18, 2018 6:45pm
Quoting alicia19
{quote} What was your trigger to enter the trade? fter the set up you need to wait for your trigger signal .
I didn't. It was premature to post the chart.
Perhaps you should have said, Setting up??
Combat crazy markets with crazy trading
  • #14
  • Jan 18, 2018 7:05pm Jan 18, 2018 7:05pm
Quoting alicia19
{quote} All ideas to fix this idea is ok to post here. hee all the indicators amnd some extras all free {file}
Trends & pull-backs are two totally different beasts.
With your system, For pull-backs I would use the 15m to 1H charts.
For trend changes you need to use the 4H & Daily charts
Also I would advise trading "Trend Friendly" pairs such as AU & Gold. EU is definitely not trend friendly.
Combat crazy markets with crazy trading
  • #15
  • Edited Jan 21, 2018 3:11am Jan 20, 2018 9:00am | Edited Jan 21, 2018 3:11am
Quoting CrazyOz
{quote} Trends & pull-backs are two totally different beasts. With your system, For pull-backs I would use the 15m to 1H charts. For trend changes you need to use the 4H & Daily charts Also I would advise trading "Trend Friendly" pairs such as AU & Gold. EU is definitely not trend friendly.
Thanks.
By trends and pull backs refer that you first need to find the trend and then you need to wait for the pull back and then you enter at your own risk using your own trigger.
Step #1 trend is up when the 20 SMA closes above the 100 SMA.
Step #2 Price retest the KC or STOCH (8) retest the 50 level.
What trigger to use to enter your trades and stop loss /take profit is up to you.
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As with any system or strategy, it is not 100%
  • #16
  • Last Post: Jan 22, 2018 7:44am Jan 22, 2018 7:44am
setup to sell market
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As with any system or strategy, it is not 100%
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