xXx system

I would like to share with you guys a system I have been working on. This system is partially base on the Vegas 1 hour tunnel, but I have modified a little and w/ an addition of other commonly used indicator. Therefore I do not want to take full credit for this system. It still has some weak point, so I’m posting this up hoping we could all work together to make it better. Ultimately we can all benefit from it.


Chart setup:


Time frame: 1hr


Stochastic Os. (8, 3, 3) and Stochastic Os. (21, 5, 8) Add level 90,80,20,10 to both.
Apply to Simple and Close/Close
%K = 8:21
%D = 3:5
Slow =3:8


156 EMA Add level: -34, -55, -89, -144, -233, -377, 34, 55, 89, 144, 233, 377.


Enter short:
- When Stochastic Os. (8, 3, 3) is in between 90 and 80 and are heading down.
- After first candle closes in opposite direction.
- When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes below the one of the EMA’s level.


Enter long:
- When Stochastic Os. (8, 3, 3) is in between 90 and 80 and are heading up.
- After first candle closes in opposite direction.
- When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes above the one of the EMA’s level.
Exit: take 15-25 pips or when the stochastic (8.3.3) reach the opposite side.


All these condition must be met.


The stochastic (21.5.8) is there to help visualize the trend. It is used to help enter the market.
I would enter market when it is in above 90 for short or below 20 for long.



weakness: it doesn't have a SL. I have tried using setting stop lost at about 20 pips, but it was always hit. W/out the SL the TP hits 9/10.




I was able to double my 10000 Demo account in less than a month using this system. Averaging about 150+ pips a day. I know it sounds really ridiculous. But give it a try.



150+ was achieved by buying multiple pair when the condition are met.

Ex: 15-25 EU
15-25 EG

15-25 EJ

15-25 EC

15-25 UJ etc. the pips it adds up.




thanks all, i really wish you guys can give this system a try, and give me some feedback to make it stronger.

hello all,

Just wondering if any of you have tried my system? please give me some feedback.

thanks

can you put a template file here

wat template file? how can u get it?

He means can you make a template file for download. Put up all your indicators you use on the chart etc, then go > Templates > Save Template. Then you can upload that here and people download and get your indicators in mt4
Looks good this strat, but looks very complicated which mite be why he asks for template.

Can you show us your account statement?

Template file -
Metatrader menu - > Charts -> Template -> Save
Attach the file in a post ...

Thanks..

alrity, here are the files guys. hope it helps and comfirm what i said earlier.

regards.

When you say the slower stochastics must be above 90 for sell and below 20 for buy, did you mean above 80 for sell?
Do you enter when this stochastics is moving down and does go past 90 or moving up and does go past 20 level?

Your entries are confusing -- the part about first candle close in opposite direction, and then "When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes above the one of the EMA’s level."

Can you explain that in a different way or show some chart pics with your entries. Thanks.

yup. i would enter when the stoch. is in the zone 90-80 and 20-10. sell when its 90-80 zone heading down, and buy when its in 20-10 zone heading up. make sure the bar close and enter on the second bar.

benQ,
sorry for the confusion. what it means is when the first candle that indicate a reversal of the market. wait for it to close and enter on the next candle.

regards.

ok. so basically the larger stochastic 21.5.8 determines whether you will be taking a long or short position? e.g. 21.5.8 is inbetween 80-90 and is heading down, wait for 8.3.3 stoch to head down through 80-90 level, then when a candle closes in the opposite direction below one of the EMA, and the previous candle has also closed below the same EMA then enter trade.
Also when you say the candle closes in the opposite direction, does that mean it needs to be a down candle for a short, or an up candle for a long trade?

Like i said earlier this system is used for small profit at a time, and if we trade many currency at the same time. the small profits adds up making it big over all.

i will try to post up more samples picture of when i would enter.

fry,
yes that is correct, and it needs to be a down candle for short and up for long. sorry for the confusion i'm trying my best this is the first time i've ever done this so bare w/ me =). feel free to give me some feedback.
thanks.

so would this be a correct trade for sell earlier?

i will be on AIM, if any of you guys have any question or idea and want to talk to me directly, feel free to contact me on aim and we can work on this system to make it stronger.

AIM: chixcollector

Does the next candle also have to close before entry?

Is this right or wrong: Disregarding the stochs for a moment -- in an uptrend, you need one bear candle to close below one of the ema levels. Then enter short on open of next candle?

ben,

nope, but it is up to you. if you are conservative you could wait for it to close to confirm. but i normally would just enter on the next candle.

and yes to your right and wrong question. =) am i confusing you?

I think I got it. But the ema levels are confusing. There are so many levels, isn't it always closing above/below a level?

alrity,

this is an example of a trade i took last nite before i went to sleep. and i made $10 playing micro on this. (0.01 lot)

regards