Moderate MA/MACD/Bollinger System

Hi Everyone

I would like to share with you guys my moderate trading system which gives me a very good success.
It's basiclly a good and simple scalping system which is based on MA,MACD and Bollinger bands,also pivot lines.
The set up :

On 1 min chart:
add: 20 EMA(red),62EMA (yellow) and 57 SMA(blue),also add 57 bollinger bands(the middle line make it colourless)
MACD:20,62,57

On 5 min chart:

Please add the samethings on min 1chart


The rules:

I've been trading with this system about 8 months and gives me a huge success ,I can catch 50-100 pips daily, only you need to follow the rules without a fail,it's very important like any other trading systems

Lon rule: On 1 min chart for going long, 20ema must cut through both 62 and 57 ,for up trend also the 62 must be above 57 sma.If 20 ema suddenly cuts through both ma ,there will be a pull back and the price must travel on 57 at least 5-10 minutes,the longer it stays above 57 the better,also please look at the MACD ,it also gives you early signals.So in the first cut do not enter for long ,wait for the price to come back to 57 and wait for a support and than you enter long and get help with the pivot lines for TPS.
Also use 57 bollinger bands for TP.
At the same time watch 5 min chart, on this chart if 20 again cuts through both ma ,guys this means trend is strong.

Short rule:
going short is the opposite of going long ,very straight forward.

This system gives you trend strengh as well, like if 62 somehow goes below 57 during the uptrend this means ,trend is slowing and get help from the pivot lines,this signal is important.

Just follow the 20,62,57 ,you'll be amazed with good signals .

MAIN RULE: THE PRICE MUST TRAVEL OR BOUNCE BACK OR UP FROM 57 SMA AND GET THE TREND CONFIRMATION FROM MACD.

THIS IS IT GUYS.

TRY IT AND LET ME KNOW YOUR RESULTS.

Thanks

Any questions ,please let me know

Which pair(s) do you trade with this?

Only EUR/USD but I'm pretty sure this sytem will work on other pairs ,too
Here are my templates

here are the MACD

new ideas are welcome ...
thanks for sharing ...
will test today ...

pictures explaining what you mean by 'cut through' would be appreciated.

Have a look at this sample,around 20.00pm ,the 1st cut happened about 19.00pm but before the pair rises as I've said in my rules, the pair will come back to 57 ,it will definetely come back (without adoubt) and bounces up ,just look at the picture,

Also,please look at the macd,as the price travel around 57 macd stays positive

Hi,trendman,thanks for sharing the good system. I am looking forward to further the information.

Here is another sample ,this time good short signal,please always wait for the pair to come back to 57 sma,then enter short.Look at the circled area

Also another big tip, in 1 min chart ,if you zoom out ,you'll see 57 bbands sometimes they go flat along with the PA ,this is another good signal that a good trend will start ,will post another sample in a minute

Again ,look at the macd ,during the it's giving a very good signal staying negative

Here is the sample for the bband squeeze,the signal is amazing, the price is above 57,62 and macd is positive, a good entry point but please use trendlines on these kinds of breakouts,also try to stay in the trend until 20 ema cuts through both ma

Another rule for going short is on a down trend ,the price action might go up and 20ema might crossover both 62,57 but (this is very important) if the price comes down cutting through 57 sma and if you that 57 doesn't give any support than this means down trend continues and go short ,also confirm this with 5 min chart because 99% on 5 min chart 20 won't crossover 57 sma

for going long just opposite of the above action

Where do you usually put the stop loss? Thanks, Paris

I usually put the stop loss around 57 sma,whenever the trend starts ,up or down, I place my stop loss below or above 57 with max 10pip stoploss.

please folllow eur/usd right now,down move but 20 hasn't crossover yet and now there is a support by 57,62
1 min and 5 min macd are positive

the down movement is signalled and lets wait for ma crossover, as I've said before one of the big rules PA has to develop around 57 sma area for a nice support ,this take about 5-10 min

1 min macd has just turned negative,lets go short, beautiful pull back to 57 though,loaded more shorts

you can see guys 57 bbands alsa played a good support,letw follow the pa, I'm out from my shorts -7pips

you can see guys 57 bbands alsa played a good support,letw follow the pa, I'm out from my shorts -7pips

Why this mistake, because I did't follow the rules, the biggest rule is on a downtrend 20 ema must cut 1st 57 and 62ema ,on a uptrend again 20 must cut 1st 57 and 62ema,this is very important, and this shows on the attachment

good down trend

out with +23 pips