This system is very profitable, and I devised this from a combination of other traders and systems available free on the web. The indicator repaints, but must be used as a "probability tool" for positioning your orders.
The logic (?) behind this is to keep on selling/buying with limit orders until the swing ends and take profit at the center line. Another line is added near the center line, that gives you a take profit zone.
Space or stack your limit orders equaling the space in pips between the outer lines and then LEAVE THEM THERE. The TMA lines will move but only gives us an entry and subsequent points of entry. THE INITIAL PIP SPACING IS THE GAP BETWEEN YOUR ORDERS UNTIL THE MARKET REVERSES.
No stop loss is used. If you want to use it, make it an emergency stop far enough away as to not interfere with system. I do not use it at all.
ONLY 4HR TIMEFRAME CHARTS ARE USED, AND ALL 28 PAIRS ARE TRADED AT ONCE.
Calculate your lots as 0.01 lots per 2000.00 in your trading account. Use this on all pairs and all orders until 2000 profit has been made and them add 0.01 to your lots.
My experimental live account is a micro account with XM. So if you deposit $60 you will have 6000 (cents) and that divided by 2000 gives 3, so you can trade with 0.03 lots until your profit increases to 8000 and you trade with 0.04 lots.
Because the lines repaint, you have to continiously re-adjust your limit and TP orders, but only every 2-4 hours, so feel free to go to breakfast, play with kids or go shopping or napping. This is the Lazy Trader's System!!
Questions wellcome, you can also PM me if you want.
If you like this sytem, please open your account with XM (not using the free offers) openingyour live account with as little as $20 and trading with 0.01 micro lots. Make sure you choose leverage at 888:1.
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The logic (?) behind this is to keep on selling/buying with limit orders until the swing ends and take profit at the center line. Another line is added near the center line, that gives you a take profit zone.
Space or stack your limit orders equaling the space in pips between the outer lines and then LEAVE THEM THERE. The TMA lines will move but only gives us an entry and subsequent points of entry. THE INITIAL PIP SPACING IS THE GAP BETWEEN YOUR ORDERS UNTIL THE MARKET REVERSES.
No stop loss is used. If you want to use it, make it an emergency stop far enough away as to not interfere with system. I do not use it at all.
ONLY 4HR TIMEFRAME CHARTS ARE USED, AND ALL 28 PAIRS ARE TRADED AT ONCE.
Calculate your lots as 0.01 lots per 2000.00 in your trading account. Use this on all pairs and all orders until 2000 profit has been made and them add 0.01 to your lots.
My experimental live account is a micro account with XM. So if you deposit $60 you will have 6000 (cents) and that divided by 2000 gives 3, so you can trade with 0.03 lots until your profit increases to 8000 and you trade with 0.04 lots.
Because the lines repaint, you have to continiously re-adjust your limit and TP orders, but only every 2-4 hours, so feel free to go to breakfast, play with kids or go shopping or napping. This is the Lazy Trader's System!!
Questions wellcome, you can also PM me if you want.
If you like this sytem, please open your account with XM (not using the free offers) openingyour live account with as little as $20 and trading with 0.01 micro lots. Make sure you choose leverage at 888:1.
Barryvdw
I do not have experience with XM,but seems a lot negative reviews ...
Money for free