Spikes Trend Finder

Spikes Trend Finder

Even with me being a new member to this forum,
I have been reading it for quite some time now.
So knowing that there is a great wealth of knowledge
on this site. I want to share a new system that I've been using.
It's very simple, Still room for improvements. Or eventually,
to semi-automate it. And send an email alert to my phone,
When conditions are right.

Well lets get to it.

1. You use the Day, 4h, 1h, Charts
2. Always trade with the trend
3. Always set SL, And TSL.
(EURUSD,EURJPY,GBPUSD,AND GBPJPY = 100/100)
(All others = 50/50)
http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E

http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E

http://www.forexfactory.com/%5BIMG%5....gif%5B/IMG%5D
You start with 2 MA's
An 18 smoothed open,
With a 14 smoothed closed
These are to verify over all trend

Next, You will have 3 sets of RSI's on the bottom.

First set
2 RSI's
An 88 period open,
And a 56 period closed
No set min or max

Second set
2 RSI's
An 88 period closed,
And a 56 period open
No set min or max

Third set
2 RSI's
An 2 period open,
And a 2 period closed
set 0 min and 100 max
With 20,80 lines, Or 10,90 lines, Your chose

In a downward trend,
You wait until price hits, or passes the first MA,
On the 1h chart,Before you ever look for a reversal.
Of coarse, The closer to the average you can get on
the day chart, the better.

First, Look at the MA's, And make sure they are
staying parallel, Or expanding

Next, You look for a cross, On all 3 RSI indicators at the bottom

Then I place my trade with SL, And TSL.
I don't use a TP, But a TSL instead.
I'm a big fan of set it, and forget it trading

You would just reverse this for an upward trend.

This system is very low stress, And has been working well for me.

Spike

did you make a back test for your systems ?

___________________________

RSI divergence guide

.

I paper traded it back to January,
And have been forward testing it for 3 week on demo, And 1 week on live.
I've been getting consistent results every week.
Slow so far this week, But Tues, Wed, And Thur, Are the best days it seems.
So far, About 75 - 80% wins.
Wins have ranged from 5 to 380 pips.
Losses are 50 or 100 pips, Depending or the pair

Spike