New system needed

Just like many, I must work a real job everyday... my time to trade and study charts etc... is not so much, and often is at times when the market just is not moving. I just don't think that this should eliminate me from the possibility of being a profitable trader.

Can someone suggest ways of trading where I might be able to come home in the evening ( I am central time ) check the market out... and make say one trade a day... or maybe make the trade in the morning before I go to work. I am not looking for a million pips, just to be consistanly profitable...

And preferably a SIMPLE system...

Surely I cannot be the only person in this boat... there must be a way for me to trade.

Thanks in advance for your suggestions and ideas...

Try this Tiki. I have been using this for a couple of months and make pips pretty consistently. Plus its very simple to use. Hope this helps you.

Introduction.

I first started trading when I was 15. I was fond of the stockmarket, but due to my limited capital I could only buy one share. When I eventually choose the stock I wanted, It didn’t go up or down. It just kept bouncing around. In the end, I sold the stock with a 5% loss.


I was still following the stockmarket, but I decided for myself I needed something more volatile with more leverage. I discovered options, futures an CfD’s. But they still were to unpredictable.

Eventually, I found my holy grail: Forex. I read all what I could read about it and made some first profits. I discovered the power of something as simple as the BGX system or Vegas.

I started studying these methods more closely and realized that these simple models could make you very profitable in the long run.

Over time, I started to adapt the systems with my onw rules. The biggest advantage of the Sidus Method is that it is not necessary for adding extra filters. Whipsaws will occor, but less frequent.

This system made my trading very profitable as it easy to understand, easy to implement and easy to find the right entry-points.

What do you need?

- 1H (of 30MIN, but you wil get wore whipsaws) candlesticks/bar charts

- 18 EMA & 28 EMA (put them in red)

- 5 WMA (in blue) & 8 WMA (in yellow)


The 18 EMA & 28 EMA are two red lines who form a tunnel, these will help you to determine the start of a trend and the end of a trend.

The 5 WMA & 8 WMA will show you when to enter a trend, they will also help you to see the strenght of the trends.

Entry Signals

! You should only open a position, when the red tunnel is extremly narrow or crossed !

LONG: 5 WMA & 8 WMA cross the red tunnel upwards.

If the 5 WMA also crosses the 8 WMA upwards, then the signal is extra strong.

SHORT: 5 WMA & 8 WMA cross the red tunnel downwards.

If the 5 WMA also crosses the 8 WMA downwards, then the signal is extra strong.

Exit Signals

Signals that show the end of the chosen trend:

- Long: The price has reached a top and 5 WMA dives under 8 WMA
Close position

- Short: The price has reached a bottom and 5 WMA jumps above 8 WMA Close position

Always close your position when boundry’s of the red tunnel cross eachother or when they become so

narrow that they are one! This is a clear sign of a trend reversal. After you see this, close your position

and open a new postion in the other way (If you were long, close, open a short postion)

When in a trade and the 5 WMA & 8 WMA cross the red tunnel -> Pay attention! As long as the red

tunnel boundy’s doesn’t cross eachother there is no problem, but often this is a sign that they will!

Basic rule

!!!Enter a position were the red tunnel boundry’s cross and exit that position when they cross again!!!

!!! Always use a stoploss - I recommend a 10-15 pip stoploss !!!

Remarks

Money management is THE holy grail of forex trading! Please think about this and implement it. If you use this system it wil give you nice rewards, but use money management to give you larger returns!


This method was manually backtested in real time on EUR/GBP and EUR/USD. I can only say it works for

these pairs, as I didn’t test with others.

I invite you all to make comments or additions, you can contect me at FF Forum

(http://www.forexfactory.com/forexforum/) under the username ‘Sidus’

I want to thank Vegas, Bunnygirl and all the nice people of ForexFactory for their great inspiration.

Check out the Fozzy system, they trade on the daily chart are doing very well.

Good luck

If you have to work during prime trading hours, you can either settle for less action during quieter sessions or go to longer time frames 4hr or daily. Using the dailies only requires maybe thirty minutes per day of looking through your charts.

A simple system that will work is one of Dr Bob's 50cci systems. Trigger is 50 and 14 cci crossing up (down) over 0 and price crossing above (below) 34 ema (the reddish line on the chart. Only trading on crosses above (below) zero keeps you from trading countertrend. If you have more taste for risk, you can trade the cci hook from extremes to follow those. This is basically a trend following system. The MACD incline can be used along with the failure of the CCI to exit. I exit and enter on the basis of the abfib lines, but those are proprietary and can't be shared here.

The system must be simple, aka KISS, else your charts will be overloaded with indicators that you will not know what to do. My better half trades [slowly blowing away the account for a second time] using ICHIMOKU with no clear idea as to when to enter or exit [worse thing no S/L]. Though I work a day job, my better half say I do not know how to trade since my chart has no indicators, just the price chart with MA, pivot points and RSI. I make PIPs whether the market is trending or range bound.

There are many good systems posted here which I have demo'ed for quite sometime, I just stay away from those that requires too much analysis to make a trade. Why bother with such complicated techniques when you can do the same with a simple system?

Join the SRDC Team

i use very simple system its called priscan method wma 4 wma15 wma 40 type priscan method on the trading systens serch and you will find more about it . it works very well for me but i use it only for gold and EUR/USD AND Cable and some times USD/JPY well .But i will suggest you to read some books so you will fully understant the meaning and the use of the indicators and it will be better to come up with your own system.

good luck with your trading!!!