My name is Santiago, I'm 26 years old, I'm from Brazil and I started venturing into the markets in 2018.
With the help of this forum and after losing my job during the epidemic, I was able to dedicate myself and survive from my trades until today.
Today I would like to contribute in some way, just as they contributed to my journey.
I hope it is useful for someone who may be going through the same situation that I once went through, when nothing seemed to work.
I apologize for any spelling errors that may occur during my stay here, but I will try my best to be as clear as possible with the help of Google Translate.
ABOUT THE SETUP:
Timeframe: [H4] - [D1]
Risk Reward Ratio: [1:2]
As the setup's primary objective is trend following, we need to define pairs with significant trends in the medium/long term.
Here is a list of some pairs that I use and have had positive backtests in recent years:
CHFJPY
XAUUSD
USDJPY
GBPJPY
USDCHF
USDJPY
THREAD GOALS:
Find other pairs with consistent trends in the medium/long term
Improve the system
Automate the system
Adapt to shorter timeframes.
*Note: This Setup is based on TMS, with my own approach.
SETUP RULES:
[BUY]
Look if the price is above the 50-period MA
Wait until the data window displays all blue boxes.
Wait until TDI CROSS UP
Trigger: Wait for a BLUE candle to close above the 5-period MA
3 Candle Rule:
Entries are only valid if the trigger candle is up to the third of the same color.
We can only enter the trade on the first three candles of the same color.
Are all requirements valid? Enter the trade!
SL: Last Low Fractal (Gray Arrow Down)
BreakEven: 1:1 Risk.
TP: 2x Risk
Example Buy Trade:
Continuation Trade:
Look if the price is above the 50-period MA
Wait until the data window displays all blue boxes.
TDI MUST BE UP
Trigger: Wait for a BLUE candle to close after a RED Candle above the 5 MA.
3 Candle Rule:
Entries are only valid if the trigger candle is up to the third of the same color.
We can only enter the trade on the first three candles of the same color.
Are all requirements valid? Enter the trade!
SL: Last Low Fractal (Gray Arrow Down)
BreakEven: 1:1 Risk.
TP: 2x Risk
Example Continuation Buy Trade:
SETUP RULES:
[SELL]
Look if the price is below the 50-period MA
Wait until the data window displays all red boxes.
Wait until TDI CROSS DOWN
Trigger: Wait for a RED candle to close below the 5-period MA
3 Candle Rule:
Entries are only valid if the trigger candle is up to the third of the same color.
We can only enter the trade on the first three candles of the same color.
Are all requirements valid? Enter the trade!
SL: Last High Fractal (Gray Arrow Up)
BreakEven: 1:1 Risk.
TP: 2x Risk
Example Sell Trade:
Continuation Trade:
Look if the price is below the 50-period MA
Wait until the data window displays all blue boxes.
TDI MUST BE DOWN
Trigger: Wait for a RED candle to close after a BLUE Candle below the 5 MA.
3 Candle Rule:
Entries are only valid if the trigger candle is up to the third of the same color.
We can only enter the trade on the first three candles of the same color.
Are all requirements valid? Enter the trade!
SL: Last High Fractal (Gray Arrow UP)
BreakEven: 1:1 Risk
TP: 2x Risk
Example Continuation Sell Trade:
Enjoy your pips!
Si vis pacem, Parabellum.
