Moderate MA/MACD/Bollinger System

I think i will subscribe to this thread. Looking forward to testing it out. Great trading experience. I will try to test is out when I have the time. And hope to have a great experience trading this strategy.

Mike

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[/quote]

Thank you ,look forward to hear your experience.
I'm a modest trader and really all I want to share my experiences so we can beat this FOREX(I know it's impossible but nothing is impossible)



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Sudden jump , only spend 6-7 minutes above 57 and went up, usually I don't take these kind of trades always wait for a pull back to 57,62 area ,if I see support than I jump in.
But saying that this jump was also signaled by 1 min macd divergence

Please use my macd combination,it's quite effective

If price goes on 5 min chart to top 57 band line,it's a good signal but if it returns suddenly down another down trend wave will start

57 and 62 are very close to each other

62 is below 57 , let watch the PA

Hi Trendman

Watching closely at this system and possible current setup.

Cheers and thanks
Ezzy

20 crossing 57 and close to crossing 62. According to you r rules, if the 20 crosess the 62, we wait for the pull back to the 57 right?

Ezzy

20 1st cuts 57 and 62 must be below 57 on a down trend, yes you're right and wait for a pullback to 57 to confirm the down trend

Thanks
Ezzy

down trend confirmation, easy 15 pips grabbed

Hi Trendman

Just wondering about your last entry. Doesn't the 20 have to cross both 57 and 62 before the pull back? I just didn't se that on your last pic.

Thanks
Ezzy

stoploss profit target +

best regards

as you get use to the system ,you'll start using your own initiative

Got it.

Thanks

sorry attachment

another sudden jump,1 min macd still negative

I always put my stop around 57 and tp around pivots

Ezzy,

also please follow 5min chart with mys macd set up,however with this fall on macd 5 min stayed positive

by the way 5 min macd shows down divergence, careful

why need it cut throw first 57 and then 62 the must common is that it cuts thrue 62 and then 57??


best regards