This might be interesting for you, although i haven't yet finished working on it, don't know when I will be able to do that, that's why I am sharing this with you. Trading system should be able to give you an entry point, as well is should indicate where to exit the market, that's actually why this mechanism is called "trading", if it would include only entrance method, the name would be "entry" system respectively. I am telling you all this because the method which you will be able to discover below, doesn't provide any information about exit.
Time frame: I recommend M5
Template is attached bellow. namely template consists of this:
P-SAR, and Stochastics.
period of P-sar should be as usual but tha's not true with stochastic.
Stochastic should be 80, 48, 48 with slow pairs, and 30, 18, 18 for faster pairs. For instance we trade two pairs, EU GJ, for EU chart we utilize 80, 48, 48 and for GJ chart we utilize the second period stochastics (30, 18, 18).
Entry method: stochs should be crossing line of 50, wether from below or from above to deeps, doesn't matter. You should trade accordingly to stochs. If the stochs cross 50 from below you should look for buying opportunity, vice versa for sell.
After stochs, are signaling us about an opportunity, we should wait for P-SAR to appear in accordinance with previously received signal. that's all I think. Have a good trading with the method
Time frame: I recommend M5
Template is attached bellow. namely template consists of this:
P-SAR, and Stochastics.
period of P-sar should be as usual but tha's not true with stochastic.
Stochastic should be 80, 48, 48 with slow pairs, and 30, 18, 18 for faster pairs. For instance we trade two pairs, EU GJ, for EU chart we utilize 80, 48, 48 and for GJ chart we utilize the second period stochastics (30, 18, 18).
Entry method: stochs should be crossing line of 50, wether from below or from above to deeps, doesn't matter. You should trade accordingly to stochs. If the stochs cross 50 from below you should look for buying opportunity, vice versa for sell.
After stochs, are signaling us about an opportunity, we should wait for P-SAR to appear in accordinance with previously received signal. that's all I think. Have a good trading with the method
