Hello,
I am Mantas from UK. I would like to share my trading system. I have idea how to trade, but I hope we can create more profitable system using my tample.
So my system is:
I am using H1 timeframe.
Looking for signals form 06:00GMT for 8-9 hours.
Currency pairs I am using: EUR/USD; GBP/USD; USD/CHF; USD/JPY (But rest pairs we can test it)
Indicators only: Heiken Ashi Candles
100EMA
If price is above 100EMA looking for buy
If price is below 100EMA looking for sell
When price above 100EMA need to look for Heiken Ashi change color from Red to Blue
When price below 100EMA need to look for Heiken Ashi change color from Blue to Red
So if we have signal formed need to open 3 orders (I call A, B and C orders same lot size)
Stop Loss above/below entry candle
Take Profit = Stop Loss
Idea of 3 orders is:
Order A = SL = TP
Order B = SL = TP
Order C = SL and No Take profit we will using Trailing Stop
If order A and B Take Profit so for Order`s C Stop Loss we move below every new Heiken Ashi candle till trend change and touch stop loss.
This money managment idea I took from Peter Crown system The Dibs. If you risk 1% of every order and you hit tp of orders A(+1%) and B(+1%) and if price changed and for order C touch your SL (-1%) finaly you still have 1% profit from Order A.
Don't risk more than 1% for one order.
I am Mantas from UK. I would like to share my trading system. I have idea how to trade, but I hope we can create more profitable system using my tample.
So my system is:
I am using H1 timeframe.
Looking for signals form 06:00GMT for 8-9 hours.
Currency pairs I am using: EUR/USD; GBP/USD; USD/CHF; USD/JPY (But rest pairs we can test it)
Indicators only: Heiken Ashi Candles
100EMA
If price is above 100EMA looking for buy
If price is below 100EMA looking for sell
When price above 100EMA need to look for Heiken Ashi change color from Red to Blue
When price below 100EMA need to look for Heiken Ashi change color from Blue to Red
So if we have signal formed need to open 3 orders (I call A, B and C orders same lot size)
Stop Loss above/below entry candle
Take Profit = Stop Loss
Idea of 3 orders is:
Order A = SL = TP
Order B = SL = TP
Order C = SL and No Take profit we will using Trailing Stop
If order A and B Take Profit so for Order`s C Stop Loss we move below every new Heiken Ashi candle till trend change and touch stop loss.
This money managment idea I took from Peter Crown system The Dibs. If you risk 1% of every order and you hit tp of orders A(+1%) and B(+1%) and if price changed and for order C touch your SL (-1%) finaly you still have 1% profit from Order A.
Don't risk more than 1% for one order.
Attached Image (click to enlarge)
