This is an evolution of my previous thread --- Hybrid System of 3 Successful Traders...
We use:
1. Davit's Weekly Fibo Pivot (added 2 Fibo Indicator-Davits Pivot V3.2 is for lower Time Frame just to see the current week's pivot zones
and Nostromo Pivots is for 4H Time Frame for you to see the previous, current and future pivots) -
You can download my template on the 2nd post and use it first then modify on your own if you prefer.
2. ADR.
3. TMS Angleator with TDI
4. 30 EMA
5. Breakeven EA
6. Fibo Tool
Let's make the trading system rules simpler & clearer.
For Trend Trading -
1. We check our economic calendar for the day and avoid trading the currency with red news on the same day before the news will be announced.
2. BUT Once red news has been announced, we can go and analyse the pairs with that currency usually after an hour.
3. We look for 4H bullish/bearish engulfing candle. Previous candle should be the opposite candle of the engulfing candle. Meaning if we are buying, we should have a bullish engulfing candle while the previous candle should be bearish. (If there's none, we can still proceed on step 2)
4. We only start trading from Frankfurt Open until London Closes.
5. We BUY if price is above 30 EMA and Angleator values are both + typically at 70 or 50 values and there are at least 4 arrows on different TF pointing up. Values of angleator should be both positive using 4H and 30M TF.
6. We SELL if price is below 30 EMA using 4H TF and Angleator values are both - typically at 70 or 50 values and there are at least 4 arrows on different TF pointing down. And again, values of Angleator should be both negative using 4H and 30M TF.
7. We draw Fibo tool on the engulfing candle itself and we use 200%, 150%, 100% and 0% only. Where 200% is our target, 150% once price hits this, we move SL to breakeven, 100% is our entry, and 0% is our SL.
8. Our SL and TP can be adjusted accordingly using the pivot zones. For TP, whichever is nearer between pivot and 200%, we take that. For SL, whichever is farther between the 0% and the pivot. I know risk-reward ratio will not be that good most of the time, but I still prefer to have more sure wins and less losses. Or if there's no 4H engulfing candle on your entry, we can wait for a good price action move and enter only once price is near pivot zone to have a better risk-reward ratio because you can place your SL just on the other side of the pivot zone then look for the low/high of the previous 4H candle where you entered and place your target to the next pivot which I'm sure has more pips value.
For Counter Trend Trading -
1. Price must only be in the 61, 78 and 100 PIVOT zones before we even consider a counter trend trade. Counter Trend Trade is considered if price is above 30 EMA and we perform a sell instead of a buy and also vice versa if price is below 30 EMA and we perform a buy instead of a sell.
2. Then we should have a bearish/bullish engulfing candle on the 4H time frame ONLY.
3. Angleator should have the same values as well on 4H and 30M TF. And at least 4 arrows pointing together in the direction of our trade should also show up, indicating a good momentum to the possible direction of our trade.
4. ADR value should also be above 100% indicating that price traveled fast and that there could be a possible exhaustion later on that can be favourable for our counter trend trade.
5. We draw fibo tool as well, just like what I mentioned above.
6. TP and SL placement also the same.
Difference between the Old Hybrid System:
If you must ask, there are few differences and modifications that is why I created this new thread.
1. This new system uses 30 EMA not SMA.
2. We don't trade on Daily time frame anymore but of course can check Daily still for direction confirmation only.
3. This new system only trades counter trend trades if price is only at 61, 78 & 100 zones plus if we get a 4H engulfing / outside bar. Meaning we disregard 30 EMA direction just as long we get other confluence such as ADR, Angleator and 4 or more arrows pointing to our possible trade direction.
4. We don't follow Andre's approach anymore coz it's irrelevant for the system.
5. Also, there will be no more multiple orders on one pair just like what I did on the old system. Strictly, Only one order per pair to avoid greed.
Still, I'm giving thanks and credits to the two traders where I got some of the idea to complete this system:
Davit - Pivot Trading
Hzs10 - Simple H4 Mobile Trading System
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...
We use:
1. Davit's Weekly Fibo Pivot (added 2 Fibo Indicator-Davits Pivot V3.2 is for lower Time Frame just to see the current week's pivot zones
and Nostromo Pivots is for 4H Time Frame for you to see the previous, current and future pivots) -
You can download my template on the 2nd post and use it first then modify on your own if you prefer.
2. ADR.
3. TMS Angleator with TDI
4. 30 EMA
5. Breakeven EA
6. Fibo Tool
Let's make the trading system rules simpler & clearer.
For Trend Trading -
1. We check our economic calendar for the day and avoid trading the currency with red news on the same day before the news will be announced.
2. BUT Once red news has been announced, we can go and analyse the pairs with that currency usually after an hour.
3. We look for 4H bullish/bearish engulfing candle. Previous candle should be the opposite candle of the engulfing candle. Meaning if we are buying, we should have a bullish engulfing candle while the previous candle should be bearish. (If there's none, we can still proceed on step 2)
4. We only start trading from Frankfurt Open until London Closes.
5. We BUY if price is above 30 EMA and Angleator values are both + typically at 70 or 50 values and there are at least 4 arrows on different TF pointing up. Values of angleator should be both positive using 4H and 30M TF.
6. We SELL if price is below 30 EMA using 4H TF and Angleator values are both - typically at 70 or 50 values and there are at least 4 arrows on different TF pointing down. And again, values of Angleator should be both negative using 4H and 30M TF.
7. We draw Fibo tool on the engulfing candle itself and we use 200%, 150%, 100% and 0% only. Where 200% is our target, 150% once price hits this, we move SL to breakeven, 100% is our entry, and 0% is our SL.
8. Our SL and TP can be adjusted accordingly using the pivot zones. For TP, whichever is nearer between pivot and 200%, we take that. For SL, whichever is farther between the 0% and the pivot. I know risk-reward ratio will not be that good most of the time, but I still prefer to have more sure wins and less losses. Or if there's no 4H engulfing candle on your entry, we can wait for a good price action move and enter only once price is near pivot zone to have a better risk-reward ratio because you can place your SL just on the other side of the pivot zone then look for the low/high of the previous 4H candle where you entered and place your target to the next pivot which I'm sure has more pips value.
For Counter Trend Trading -
1. Price must only be in the 61, 78 and 100 PIVOT zones before we even consider a counter trend trade. Counter Trend Trade is considered if price is above 30 EMA and we perform a sell instead of a buy and also vice versa if price is below 30 EMA and we perform a buy instead of a sell.
2. Then we should have a bearish/bullish engulfing candle on the 4H time frame ONLY.
3. Angleator should have the same values as well on 4H and 30M TF. And at least 4 arrows pointing together in the direction of our trade should also show up, indicating a good momentum to the possible direction of our trade.
4. ADR value should also be above 100% indicating that price traveled fast and that there could be a possible exhaustion later on that can be favourable for our counter trend trade.
5. We draw fibo tool as well, just like what I mentioned above.
6. TP and SL placement also the same.
Difference between the Old Hybrid System:
If you must ask, there are few differences and modifications that is why I created this new thread.
1. This new system uses 30 EMA not SMA.
2. We don't trade on Daily time frame anymore but of course can check Daily still for direction confirmation only.
3. This new system only trades counter trend trades if price is only at 61, 78 & 100 zones plus if we get a 4H engulfing / outside bar. Meaning we disregard 30 EMA direction just as long we get other confluence such as ADR, Angleator and 4 or more arrows pointing to our possible trade direction.
4. We don't follow Andre's approach anymore coz it's irrelevant for the system.
5. Also, there will be no more multiple orders on one pair just like what I did on the old system. Strictly, Only one order per pair to avoid greed.
Still, I'm giving thanks and credits to the two traders where I got some of the idea to complete this system:
Davit - Pivot Trading
Hzs10 - Simple H4 Mobile Trading System
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...
We're not here to be right, we're here to Profit Consistently!
