A Unique Strategy That Can Create Profitable Traders.
Trades Recorded Below W/ Pics And Results Updated = 24 Wins 8 Loss
This strategy is a combination of my scalping system and The Small Turtle System (Donchian Trend +MACD) (https://www.forexfactory.com/thread/post/14102240#post14102240).
Concept and phycology is based on the logic that; When A Strong Hekin-Ashi Candle prints on the Half Trend Indicator Line there's a very high chance price action will create a continuation. This is because the HT indicator and HA are top tier indicators when it comes to short term trend direction
MACD is used in a unique way to confirm entries. You can only enter trades when MACD creates a "discrepancy" on this Histogram. This is when the MACD Histogram changes colors (Best), or goes from a "sliver" to a large bar (less accurate) (Examples in Pictures)
Indicators and settings are: Half-trend (2,2) 5M (NAS100) 1HR (FOREX) Heikin-Ashi Candles, MACD (5,6,4)
For buy entry: A bullish HA Candle, ascending from beneath the Halftrend Line (preferably shadowless) prints with the Halftrend Line going through the body. -> MACD Histogram has printed a discrepancy bar. -> Take a long position.
For short entry: A bearish HA Candle, descending from above the Halftrend Line (preferably shadowless) prints with the Halftrend Line going through the body. -> MACD Histogram has printed a discrepancy bar. -> Take a short position.
How I Exit: If next HA candle is in profit I exit, If next HA candle remains shadowless and i'm not in profit, i'll stay in trade. Exit if shadowless HA candle prints in the opposite direction.
Discrepancy Bars: When the histogram changes from Slim Red Bar to a Large Blue Bar, or Blue Slim Bar to a Large Red Bar. Another example, but not as good is a Slim Blue Bar to a Large Blue Bar, or vice versa.
Trades Recorded Below W/ Pics And Results Updated = 24 Wins 8 Loss
This strategy is a combination of my scalping system and The Small Turtle System (Donchian Trend +MACD) (https://www.forexfactory.com/thread/post/14102240#post14102240).
Concept and phycology is based on the logic that; When A Strong Hekin-Ashi Candle prints on the Half Trend Indicator Line there's a very high chance price action will create a continuation. This is because the HT indicator and HA are top tier indicators when it comes to short term trend direction
MACD is used in a unique way to confirm entries. You can only enter trades when MACD creates a "discrepancy" on this Histogram. This is when the MACD Histogram changes colors (Best), or goes from a "sliver" to a large bar (less accurate) (Examples in Pictures)
Indicators and settings are: Half-trend (2,2) 5M (NAS100) 1HR (FOREX) Heikin-Ashi Candles, MACD (5,6,4)
For buy entry: A bullish HA Candle, ascending from beneath the Halftrend Line (preferably shadowless) prints with the Halftrend Line going through the body. -> MACD Histogram has printed a discrepancy bar. -> Take a long position.
For short entry: A bearish HA Candle, descending from above the Halftrend Line (preferably shadowless) prints with the Halftrend Line going through the body. -> MACD Histogram has printed a discrepancy bar. -> Take a short position.
How I Exit: If next HA candle is in profit I exit, If next HA candle remains shadowless and i'm not in profit, i'll stay in trade. Exit if shadowless HA candle prints in the opposite direction.
Discrepancy Bars: When the histogram changes from Slim Red Bar to a Large Blue Bar, or Blue Slim Bar to a Large Red Bar. Another example, but not as good is a Slim Blue Bar to a Large Blue Bar, or vice versa.
Attached Image (click to enlarge)
