GBP/USD Force Index System

Quoting Masmp_FX

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In this post I will explain the rules,

First you start downloading the WinZip file, which has the indicators and template, all January back testing is on the template,

So the rules are


Buy - When you have momentum above 0 and above moving average 10, stochastic passed level 40 up(if setup is when stoch is already at level above 90, DONT TAKE THE TRADE), price break true resistance level 21 ema, you will only enter at the close of the candle,

Sell - When you have momentum below 0 and below moving average 10, stochastic passed level 60 down(if setup is when stoch is already at level below 10, DONT TAKE THE TRADE), , price break true support level 21 ema, enter only at the close of the candle

Exit at 40 pips take profit, 35 pips stop loss, if either take profit or stop loss is not hit exit when momentum crosses the 10 ema(CROSSES, not touches, exit only when it crosses)

I chose 40 pips take profit, and stop loss 35 pips, the best money management for this system, and I’ve spend months studying stochastic movements.

Only trade from 6.30 GMT to 19.30 GMT any setup later or sooner than that has 85% chance of being a loser trade.

My excel file is at GMT time

Any doubts just ask.

Regards Marco

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Quoting emeric33

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Could you please show a chart with the entries and exits...my broker is GMT time, and this is how it looks like at the time you mentioned..but I cannot understand these entries based on the rules that you explained...

thanks

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Quoting gtketum

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one question regarding the rules. when you say price breaks throught the 21ema resistance, does that candle have to close above that line for it to be considered a breakthrough or just price trading above that line is fine? hope it makes sense.
thanks for a wonderful method.

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Quoting Masmp_FX

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Here is the February statement, and January too

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Quoting fx_geezer

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Could you please clarify?

Thanks.

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Quoting Masmp_FX

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Hi, the previous was using momentum too, the data are the same, I just add the possibility of a different exit strategy, but still testing, the statements using force index was never published,

I have switched the force index indicator, because as Trader KGB told me it bases it self on volume, and forex does not have volume, so I tried out some indicators, and found momentum to be very reliable with the system, but I am still having some problems with ranging market, I have to filter it, just don’t know how yet, but with ranging market I still make more than 300 pips profit.

Can someone tell me how to change the name of the thread?

Thanks

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