I'm sure most of you are looking for a new "holy grail" sysem. And i'm sure most of you know that it doesn't exsist 
.
I am here to share with you the new trading method i am using. I have made a lot of pips with it. Trading is a riskly game, but i think that if you'll masterful this system you will gain the key for a profitable trading
. As all of you should know moving averages are one of the more used indicators, by noobs as by experienced traders. What follow is one of the best configuration for semplicity and efficency.
Let's go!
Open your platform, choose your preferred pair and attach the following indicators:
- 200 SMA LONG TERM INDICATOR
- 50 SMA MEDIUM TERM INDICATOR
- 10 SMA SHORT TERM INDICATOR
and:
- RSI worms (highly reccomended!)
- FerruFX MultiInfo
(see bellow to download)
Some optional indicators can be used but remember that the key of this system is the semplicity, so do not fill the display with useless indicators!!
PAIR: All (best on low spreads pair)
TIMEFRAME: All
ENTRY (for short!) :
1) Trend Signal: SMA 200 indicates a downtrend. SMA 10 is near SMA 50 and fall down. SMA 50 also follow the trend. This usually happen on support/resistance trend levels when SMA 10 rentrace near SMA 50 and fall again down. To avoid false signal entry only at the end of the candle and (this is important) individuate the trend also drawning trend lines. Search bellow to see trade example.
2) Cross Signal: SMA 200 is above SMA 50 and SMA 10. SMA 10 cross SMA 50 from above and show downtrend. Very simple, SMA 200 is used as a filter.
EXIT:
This is the core of the system. Using this method you have a high % rate to find a valid profitable signal and at the end the most important thing is to take your profit fast. On M15 and higher timeframe use tailing stop.
For M1 timeframe:
- When I see a valid signal, i open the position with an initial 10 pips stop loss.
- Whenever the trade goes positive i set break even SL as fast as i can leaving a margin from current price to break even's SL of almost 6-7 pips.
- I analize the market. In non trending market (when SMA 200 is near price and dont show a clear trend) i close trades at a reasonable profit (8-10 pips), helping myself with MultiInfo and closing the position when a RSI "worm" is displayed. if i am in a trending market i let the trade goes until the price break SMA 10 or I close the trade when I think the trend isn't so strong (always analizing trendlines and support/resistance levels).
I'm testing this system on M1 timeframe, maybe the worst due to spreads influence. Try it out in other time frame and report your results here!
Experience & Semplicity are the keys!
Happy Trading!
.I am here to share with you the new trading method i am using. I have made a lot of pips with it. Trading is a riskly game, but i think that if you'll masterful this system you will gain the key for a profitable trading
. As all of you should know moving averages are one of the more used indicators, by noobs as by experienced traders. What follow is one of the best configuration for semplicity and efficency. Let's go!
Open your platform, choose your preferred pair and attach the following indicators:
- 200 SMA LONG TERM INDICATOR
- 50 SMA MEDIUM TERM INDICATOR
- 10 SMA SHORT TERM INDICATOR
and:
- RSI worms (highly reccomended!)
- FerruFX MultiInfo
(see bellow to download)
Some optional indicators can be used but remember that the key of this system is the semplicity, so do not fill the display with useless indicators!!
PAIR: All (best on low spreads pair)
TIMEFRAME: All
ENTRY (for short!) :
1) Trend Signal: SMA 200 indicates a downtrend. SMA 10 is near SMA 50 and fall down. SMA 50 also follow the trend. This usually happen on support/resistance trend levels when SMA 10 rentrace near SMA 50 and fall again down. To avoid false signal entry only at the end of the candle and (this is important) individuate the trend also drawning trend lines. Search bellow to see trade example.
2) Cross Signal: SMA 200 is above SMA 50 and SMA 10. SMA 10 cross SMA 50 from above and show downtrend. Very simple, SMA 200 is used as a filter.
EXIT:
This is the core of the system. Using this method you have a high % rate to find a valid profitable signal and at the end the most important thing is to take your profit fast. On M15 and higher timeframe use tailing stop.
For M1 timeframe:
- When I see a valid signal, i open the position with an initial 10 pips stop loss.
- Whenever the trade goes positive i set break even SL as fast as i can leaving a margin from current price to break even's SL of almost 6-7 pips.
- I analize the market. In non trending market (when SMA 200 is near price and dont show a clear trend) i close trades at a reasonable profit (8-10 pips), helping myself with MultiInfo and closing the position when a RSI "worm" is displayed. if i am in a trending market i let the trade goes until the price break SMA 10 or I close the trade when I think the trend isn't so strong (always analizing trendlines and support/resistance levels).
I'm testing this system on M1 timeframe, maybe the worst due to spreads influence. Try it out in other time frame and report your results here!
Experience & Semplicity are the keys!
Happy Trading!
