Olympic formula

hye everybody,

I was learn about 5 years about forex and stocks trading.In my opinion it is very easy to get money in forex trading.I was read more e-book from other website but it is give very simple basic and not confirm profitable system.Now i have a formula for forex trading and name for this system is 'Olympic Formula'.It is need to use square position.The method are should be like that use momentum template.See the movement price.So u can set buy stop and sell stop when price touch the 1 line in the graph.IT is confirm 50 pips perday.Time trading is flexible and the best time frame to use is H1.Suggestion pair are gbp/usd,gbp/jpy,eurusd,eur/jpy.

Welcome aboard royzek,

We are keen to know more about to how to set the pending orders in your olympic system..

Anyway, I think your system is great and simplest.

may i know any rules for entry or any check-up before entry?

thanks for sharing this simple system

See the price and square in the graph.When price touch the middle line you can entry order use upper and lower line in the graph.Take profit 20 and stop loss 30.Money management:

$100 win $20 perday
$200 win $40 perday



$1000 win $200 perday.

hi royzek
i dont understand what line elaborate more so we can understand what you are talking about
thanks

So where is the system?

The system is in MT4.Click templates ,choose momentum.It will be show more indicators and white line in the graph.I mean you just need to use the square line in the graph.Take it easy.Good luck!

Anyone get what he is trying to say? I don't

Lol that isn't Money Managment that is:

http://www.mmhabits.com/images/toiletmoney.jpg

Also your Risk:Reward is pretty crappy. This way you make it harder for your.

Knowing the indicators is good...but how do you apply them in your trading?

I just get the template in the metatrader 4.I think traders can make analysis for my graph above.Anyway i wanna invite readers my thread to join my group.It is more information about economy.

website: http://groups.yahoo.com/group/big_success_company/join

you know, if you are gonna start a thread on a system, the least you could do is to explain the system. i see this in the bin pretty soon

but he did explain it:

"look on the chart. the line is to be trade"

don't you see? it's a very simple system.

LOL five years of experience my left foot. you do not use the metatrader templates if you have five years of experience. if he knew anything at all about the "momentum" indicators, he would not be trading them. the MT4 templates are there to make the charts look nice and to prvide examples of color schemes etc. not for actual trading.

dude, LOL. enough said.

Your R:R ratio is inverted. Risking 30 for a potential gain of 20 is bassackwards and a sure road to ruin. At the very minimum you should be risking 30 for a potential gain of 30 (1:1). Even better is 30 for a potential gain of 60 (1:2). A ratio of 1:2 allows you to recover from two losses with only one win. 1:3 allows three losses for every win, etc.

This is one of the simplest techniques of sound MM and if your trading system is unable to accommodate a R:R ratio of at least 1:1.5, then I suggest you consider tweaking it until it can.

Just my 2 pips. Carry on.