System for Trending and Ranging Markets

I don't know guys but seems some good entry with huge pips.. approx 100 pips .. in total for two days.. and .. the trade only went agains 10 pips each time.. love to know what is the settings for 5m time frame...


http://clip2net.com/clip/m15756/1251...-clip-37kb.png

This is a very interesting trading sys,I'll try it for sure.

Hi everyone,
I am very interested in this strategy. On first look it has great potencial. But i have to aggre with collegue Dreamliner, Aicccia can you be more specific about rules and can you show us some example pictures?

To Hoichoi: Can you please tell me wich average did you use on your example here?

Another short entry.. already 20 pip move..

The owner of the thread please resonponse to our question. It is really promising.
thanks
http://clip2net.com/clip/m15756/1251...-clip-36kb.png

Thread originator must be busy. In reviewing the system, he uses a 216 period moving average as the center line. Not sure why this, instead of 200, which is more commonly used. But, perhaps there's a good reason. They are so close when you compare them, it is probably of little importance as far as which one to use. There's no consensus as to what constitutes a good center line, or the best one.
Things tend to return to the center. This system reasons that the pair will return to the center. The further it gets away from it, the better your chances are of success. I like that he uses the outer bands for entries and exits, which I think represent momentum bands....when it passes the bands in the direction back towards the center line, there's a strong liklihood that it will keep going in that direction.
If I have the system wrong, the thread originator can let me know. I gather the lines set as they are are based on his tinkering with different combinations.

I've actually read the thread so here's the reason for the 216.

http://www.forexfactory.com/showthread.php?t=194193

I use 216 as the EMA period because with "216" on the 5-minute chart, I'm getting the trend of a 72 EMA on the 15 minute chart with the resolution of a 5-minute chart, and 72 is a good period to determine the medium-term trend.

From what I see at the second trade where you have 20 pips you should have closed it when the ema closed above the bands.
Why are you in the trade and did not close it?

OK, Todd. I did read the thread, and forgot about that explanation at the bottom of page 1. Thank you for pointing it out.

normaly the target is lower band but btw i use trailing stop .. but normaly target is lower band

I am talking about stop loss not taking profit.
You should have been stopped out when the ema closed above the upper bands.

all trade must be opend at the close of the candle
http://clip2net.com/clip/m15756/1251...-clip-23kb.png

Now I understand. I thought you entered at the first arrow but you were only showing the 3 EMA. You are right.

Chart of the UCAD. No particular reason for choosing it. As i understand the rules, there would have been 3 trades that would have been losers in the area of 10 pips or so before spread. The last trade would still be open according to the rules, as the 3 MA had not ever crossed above the UPPER B band? The PRICE did, but not the 3 MA. I suppose in real trading, one would have closed this as a matter of practicality and gotten quite a few pips.
Am only posting the chart to see if I understand the system.

Today's trade
+80

Thread owner please advice us if we are doing this right.
15m TF

http://clip2net.com/clip/m15756/1252...-clip-17kb.png

Upper band eventually hit...


http://clip2net.com/clip/m15756/1252...-clip-15kb.png

Upper band eventually hit...
Love to know the settings for 5m TF

http://clip2net.com/clip/m15756/1252...-clip-15kb.png

This is what I got for today. The Authur needs to tell us how to
trade in ranging markets for profit.
Look at what happened during the news and before the news.

Here is another chart. Seems to be doing well in trending markets.

However, Trending markets come once in a few days.

15min is looking pretty good compared to 5min. I show approx 7 winning trades this week and zero losers. Pip profit per trade anywhere from about 10 or so to 40 or 50 if you were lucky enough to trail it. EU

Aiccia called the inner bands "A" and the outer bands "B". If we just call them "inner H/L" and "outer H/L" and center it will end the confusion.

Outer H= upper "B" can be "OH"
Inner H= upper "A" can be "IH"
Center= Center
Inner L= lower"A" can be "IL"
Outer L= lower "B" can be "OL"

System seems interesting will test some over the weekend. Having one system for trending or ranging has been elusive. One thing not mentioned, "when bands are tight market is ranging, when bands are expanding market is trending". Thanks All