Hybrid System of 3 Successful Traders - Engulfing w/ Pivot & SMA

Okay. Forgive me because I am not sure if this is allowed on FF or not..
This thread that I am starting is not my own trading system because I adopted these from 3 SUCCESSFUL systems that were posted here in FF.

SO, TAKE NOTE THAT I AM NOT HERE TO PROVE ANYTHING TO YOU GUYS...

BUT I AM JUST TAKING THE TIME, EFFORT AND ENERGY TO SHARE WHAT WORKS FOR ME SO I CAN GIVE BACK AS WELL..

BECAUSE I ALSO HAVE SOME GOOD FRIENDS ONLINE WHO HELP ME TO SUCCEED...

I AM JUST RETURNING THE GOOD KARMA I RECEIVED & HOPEFULLY SOMEONE WILL BENEFIT FROM THIS THREAD...

Reason I am starting this thread because I cannot fully post my trades on each threads because of the fact that it does not fully fit on the thread starter's rules because I removed some rules/approach then I added some rules from other systems AND also added my own that fit my personality and risk tolerance...

Without further ado, I would like to give the credits to these traders that contributed on this system that I modified to fit my trading system:
Davit - Pivot Trading
Hzs10 - Simple H4 Mobile Trading System
Andrei - There is no Magic Moving Average - You need only one

Rules I selected to adopt because it successfully worked for me:
1. Pivot Trading

1. Price action is key.
2. 61,78 and 100 Pivot zones are usually where we expect a counter trend trade but we don't place a trade blindly and expect price to turn. Hence, needs more factors to get confirmation
3. If we are looking at a trend continuation trade, we can expect a price to travel from Weekly Pivot to 38 or even all the way to 61 zones but not enter a trade blindly as well.
4. Follow the news every week to know which pairs will have more liquidity and know when to trade.

2. Simple H4 Mobile Trading System

1. Use 4H engulfing/outside bar as our first criteria of a possible trade.
2. Use fibonacci tool for our possible SL and TP levels.

3. There is no Magic Moving Average - You need only one

1. Use 30 SMA
2. Analyze a trade once price pierced the MA, retraced back to MA and turned on the new direction where it pierced the 30SMA.
3. Use the 4H chart as well.

MY OWN RULES THAT I ADDED:
> We can also switch on Daily Timeframe and look for engulfing/outside bar.
> TMS anglegator should only display both positive numbers if we are planning to buy and both negative numbers if we are selling.
IF mixed numbers, we wait... (Note that this is just for 4H charts TF)
> We only trade the 4H chart during London and/or NY session.
> Once Fibo tool has been plotted, we can move the SL & TP closer to the next pivot zones.
> We determine the SL first then use position size calculator to determine our lot size (suggest to use 1% risk only) before we enter a trade.

P.S. Please do make sure to check out and read how the main 3 systems work in order for you to get a grasp on how this Hybrid combo system works and have a good foundation as well.. Coz I won't take time on explaining the very basics.. If you want to succeed on this trading journey, you have to do your due diligence and nothing beats hard work and perseverance.

Who knows you might be able to give a better idea on this thread as well.


If you have telegram. You can join this room created by one of our fellow traders here as well where they send notifications every time there's an engulfing candle forming so you can be aware right away of a possible trade setup...

https://t.me/joinchat/Ac3F5hWfPkZx9qYWIAotuw

Credits to: BeaterTrader for his efforts...

**Added on Feb 8, 2019 - Pivot indicator for you to perform back test if interested** (Pivot_Voty)

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For those people who downloaded the Voty Pivot to see the previous weeks pivots, there's also an alternative provided by Nostromo on Davit's thread..

This is the same with Voty but without the swirly lines making your chart cleaner...

Feel free to check it too...

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NOTICE:

I am closing down this thread for now...

I changed my system and improved it a little bit more...

If you're still interested, you may go to the new and better system that I am working on now...


Consistent Profitable Trading using 4H Outside Bar w/ Pivots


Good luck and Stay Profitable!!!

What we need to trade this system:

1. Weekly Fibo Pivot (Davit's)
TMS_Anglegator (Davit's)
TDI-RT-Clone (Davit's)
**can be downloaded below or in Davit's original post**
(or you if you don't want to use the indicator or have other platform aside from MT4, you can use this site to plot your weekly fibo pivot manually during weekends and by switching to weekly chart and getting the high, low and close value of the previous weekly candle)

2. 30 SMA (Andrei)

3. Fibonacci Tool with 0%,100%,150% and 200% (Hzs10)

These are the rules for this system:
1. We are looking for an engulfing candle or outside bar (either bullish or bearish)
2. We only trade on two timeframes, Daily and/or 4H.
3. If we are on a Daily chart, we can start checking all major and minor pairs once NY close then we only enter a trade after an hour to avoid entering a trade with wide spreads.
4. If we are on a 4H chart, we can start checking 30 minutes before a 4 hour candle close, then execute once a 4 hour candle closed already to double check if we already have a confirmation.
5. We can do both trend or counter trend trades.

---2nd page also reserved for this part and still in progress---

3rd Page is for Chart Examples:

FOR ILLUSTRATION PURPOSES, this is now my default template that includes the only indicators needed to trade this system. Remember simplicity always is the best... We don't need too much indicators to succeed, we just need to be really familiar with PRICE ACTION to exactly know what the market is doing...


EXAMPLE #1:
Trend Continuation Trade -
1. 1st rule we look for engulfing candle or outside bar if we are bullish, previous candle should be bearish, then we plot the fib tool on the 4h engulfing candle itself once it closes.
2. TP is either 200% fib tool or 100 weekly fibo zone... But safer to place the target to whichever is nearer, in this case the 200% fib tool...
3. SL is below 0% fib tool or R38 zone... But for this, it is safer to put the SL to whichever is farer, in this case R38 zone...
4. Since trade is trend following, we can expect that this trade is easier because we are flowing with the market's majority participants..
5. Anglegator are both positive which gives additional signal that trend is still strong upwards.
6. We also checked higher timeframes if it has the same direction, and it is a yes.
7. For the pivot zones, we expect 100 zone to be the last possible zone for reversal, so it is safe to put a target before the 100 zone coz once price touches this area, we can expect a possible retracement or even reversal, so we took advantage of the move up before reaching this particular pivot zone...


---My last part of introduction for this thread : Also Under Construction---

Do you want an EA for this system or your thread need to be active for long time

jk nvmd
and btw stop wasting ur time on indicators

cheers

Hello,

could you share the ADR indicator that shows the value on the top left of your chart ?

Thanks for the offer but no.. This system cannot be traded automatically because this system needs to be traded by experienced traders only with a good sound judgement to identify a good possible trade or not.

And don't worry the indicators I used on this is just a guide/road map for making trade decisions and not to be followed blindly. PRICE ACTION is still the number one aspect that we have to look at. And there's a lot of factors that we need to determine before we take a buy/sell trade, not just technical analysis but also fundamental, and currency correlation.

Hi! Sure!

You can find and download from the 1st page of Davit's

Or you can download below...

But again, I did not mention that we will be needing this indicator anymore coz I never used it. I just forgot to remove it coz I am using Davit's template originally and just changed the colors...

Hehe! Let me change that then...

Kabayan,Thanks for sharing! Please post more examples. Happy New Year!

Hello,

thank you much.

Actually I just visited this thread by curiosity, I won’t be using your strategy but I do use ATR on every trades so your indicator will be usefull.

regards,

You're welcome. Glad you made good use of it.

This is a good thread because 2 of the systems have traders testifying good things. i will subscribe.

Yes it is bro!

I started this thread to be a living proof that the systems mentioned here were really effective and can be more effective if combined. Because I have to admit that Davit's strategy is one of the best and effective but it really requires a lot of experience and screen time to master it..

The reason why I combined it with Hzs10's 4H Simple mobile system because it makes you have a higher odds if we wait for a 4H candle closed(engulfing/outside bar) before we enter a trade, either counter trend or trend following will both works. But in order for it to be more effective you have to know where the price location is using the pivot zones...

Hope this starts to make sense...

Hybrid systems: in theory, less trading oportunities but highest win rate.

Let's see how it goes. Anyone backstested this system yet?

Agreed! We don't need to trade much, just focus on the highest win rate and the best setups...

Only back tested the 3 systems separately but not the whole thing yet...

Maybe someone with a lot of free time can perform the backtest?

Looks like a good thread. I am in. Thanks and
Regards

I’m interested to follow this thread as I’ve demo traded the Simple H4 system with good results.
I’ve appreciated your comments there and want to develop more here.

Updated POST #1....

P.S. Please do make sure to check out and read how the main 3 systems work in order for you to get a grasp on how this Hybrid combo system works and have a good foundation as well.. Coz I won't take time on explaining the very basics.. If you want to succeed on this trading journey, you have to do your due diligence and nothing beats hard work and perseverance.

Who knows you might be able to give a better idea on this thread as well.

Yes Hzs10's Simple H4 system is really easy, simple and profitable system but if you combine it with Davit's pivot and Andre's 30SMA piercing approach to find a trade, I believe we can be more profitable...