Base Hits - Over and Over

I created this system over the last 2 years or so... It works well for my trading style. I am not a buy and hold trader, rather I take what the market gives me at the moment...

The goal with this system is to profit when the market is channeling and maybe hit some home runs when it is trending strong... Time will tell

Starting Capital: $6,000

Trading AE:

TraderAgent by Darkmoon FX

I really like this tool to automate aspects of my trades (Break Even - Partial Closes)

Unfortunately the developer has not been active for some time advancing this product.

Currently looking for a replacement with active development.

My Indicators:

TEMA - Exponential Moving Average

1. 15
2. 50
3. 100

3colorMACD

1. 12, 26, 9

Stochastic

1. K Period = 30
2. D Period = 20

Currency Pairs Traded:

Primary - EUR/USD | GBP/USD

Secondary - CAD/USD | GBP/JPY

TRADE DETAILS:

Trade Size: (Based on Equity)

1. 1% - Normal Trades
2. 2% - Strong Momentum
3. 3% - Significant Momentum

Qualifier:

1. 60m Trend Direction has strength

Entry:

1. 15m Stochastic turn into the direction of 60m trend

Active Trades:

1. 150 PIP Stop
2. 12 PIPs - take 50%

Break Even:

1. At 12.2 - 1.5 PIPs
2. Manually move stops under higher Lows

Closing Trades:

1. When Stopped Out or 60m trend changes

Adding to Active Positions:

1. 5m Stochastic turn in direction of 30m trend

This thread will serve as my journal so to speak and if it adds value to someone else in the process - outstanding!
Here we go...

How to Get the "MT4" tools I use:

TraderAgent - CLICK HERE (NOTE: Developer is no longer active - Currently looking for an alternative...
3 Color MACD Indicator - CLICK HERE
Stochastic Indicator - Basic in MT4
TEMA Indicator - CLICK HERE

What my setup looks like for each Pair:

Just a place holder

interesting, i will spectate your position.

Hi, friend. Here you have tools that you can use and they are updated. They are in Spanish but they are excellent.

Thanks for the post... I will try to find some documentation.

@ Vicente; This tool doesn't work for me. I need more control in settings. Thanks for sharing though...

You should add some entries example. I'm sure lots of people will want to see how to trade it. And it's "no-go" without pictures. Any way good job if it works for you. :o)

Keep up the good work.

SF

exactly, this is good solution for better spectate this subject.

I will add pics as it relates to my journaling or answering a question We ae just getting started.

Hang in there as I work through my own trading disciplines.

Here is a GBP/USD trade example...

What a first two days of a "trading system thread" - A little chaotic for me as this was a VERY NEW EXPERIENCE.

Let's just say that I tried to do too much. While I was trading I looked at a new tool (in Spanish) answered some shouts, responded to a post with an example trade based on my system. It was out of the normal for me to get into the and stay into the ZONE to trade. So I got off to a rough start with some bad trades. I learned a lot. Adjusted in day two and had a much better day.

Lessons Learned…

1. Do the thread stuff when I am not trading or the market is light on momentum.
2. I didn't get stressed having a rough day, I just worked through it. Loved that!
3. Being transparent with my trading in this way is different. On the first day I wanted to show a good example for anyone catching on to this thread. On day two, I just traded… It is what it is - we all have good days and bad days…

It is my hope that this thread adds value for some… Cheers

Off to a great learning start Not sure why I spent the greater part of the last two weeks trading against the bigger picture trend... Nothing wrong with that if we can learn from our bonehead mistakes - LOL

Made some changes to this system:

1. Trade Size: from 2.5% and 5% to 1,2,& 3% Based on trend momentum
   1. I will primarily be trading at 1% until consistency is solid

2. Stop: Changed from 100 to 150 (mental Stop)
3. Chart Time Frames: Changed from 30 Min and 5 Min to 60 Min and 15 Min
   1. I am looking for the 15 Minute chart to slow down my "over trading"...

4. Break Even: Changed from 8 Pips to 12 Pips
   1. I take 50% off the trade at break even

5. Currency Pairs: I have been trading with all four currency pairs visible
   1. I have decided to reduce this to just my primary currency pairs
   2. Watching 4 pairs is too much for my skill level and adds to my over trading
   3. 2 pairs is much cleaner and much easier to make trading decisions.

All that being said, I will likely close all my open positions Sunday afternoon and start a new... We are currently at some decent support - we'll see.