Black Magic Forex System

Hi , I have a decent forex method that uses 2 indicators , dots with arrows , if the arrow is up then you want a blue dot to enter

if there is a down arrow you want a red dot to enter ,
ayou can exit with 20 pips or hold for 40 pips

stop loss is 150 pips as a hard stop , but uf you see opposite arrow just exit the trade

hope this is clear

maybe you can suggest a target and stop ?

attached template below , with indicators

I forgot to mention ,

this method should be used on the 1 hour timeframe

maybe you can place a stop loss just under the thick dot ,

the thick dot is the entry for the pullback for trade

any picture with entry as sample ?

Can you upload a picture of indicator on chart just to be clear

here is an update , it filters a lot of losing trades giving the good trades only.

i have new target of 100 pips

stop loss is 150 or exit on opposite arrow

you can trade AU GU EU

only these pairs

i will share a picture

here is the updated chart with the dots ,

it shows less dots but this is more accurate for pullbacks ,

enter trade in lone with the arrows

100 pip exit 150 pip stop or opposite arrow

Why this fancy name?

The new black magic 111 template does cut out a lot of bad trades.
Loaded on AU H1. Watching.
Have you run it with a PSAR Trailing stop?
Is 1:1000 leverage what you are running?

Nonsense!

Hahahahaha

here is a trade update on EU 1 hour

sell entry

red dot with yellow arrow sell

i think this isi the better system than all the rest of my systems

an EA would help with this

on this trade below i used 50 pip stop loss with a 100 pip take profits

targeting the last swing low

with a 50 pip stop and 100 pip target it gives good trades of 2-1 risk rewards

so even if your only right 50% of the time then you make money

easy

up is down

down is up

its the price action of the market

the easier way to trade this system is to use a 75 pip stop loss and 120 pip exit

AU GU EU

trade these 3 pairs and use 0.01 lots for every 100 in your account ,

so a 75 pip exit is - 7.5 % and if wiin is 12 %

net win if win is 50% then its 4.5 % growth for each pair , this all depends on price action


i wish you all good luck

say you entered a sell trade and then you see a blue arrow

exit the trade with a loss of say 15 - 30 pips rather than -75

target is 120 pips stop is 75

see below for more details

this is either 120 pip win or 75 pips loss or exit on change of arrow

Hi jamesagnew,

Thank you for your trading system.

1) Your stop loss are not too big, why you doesn't place it at the high or low of the previous candle with 2-1 risk rewards?

2) How do you use the "samuel-co-cluster-algorithm" indicator?

3) How many time do you trade with this strading system and which are your results?

this method is new .

the dots show : potential :

big dot is entry

an EA would be good

if the last arrow was up only loook to buy

if the arrow is down only sell

its easy

move the stop to breakeven at 75 pips

that way if the price goes say 100 pips then turns then it will protect your loss

How do you use the "samuel-co-cluster-algorithm" indicator in your strategy?