Hi FF Community
I am a rookie at Forex i read alot about it in the past and played arround with
Indicators and stuff .. just like anyone in here .. i guess
and now i think i have created an interresting system wich is 100% mechanical
as for the system its a trend follower and can be used with any pairs .. and time frames ...
but it isnt a complete system ..
waht it has is .. it shows you entry and exit points .. thats it
but that isnt enough for a good system .. so iam looking forward
to some inspiring posts from the pros in here to complete this system..
like adding a good MM to it or trailing stops .. talke profit points and so on..
please feel free to leave comments and suggestions... thnx in advance
The system is quite simple
Indicators :
Force = 50
CCI = 50
SMA = 144 (Yellow)
SMA = 50 (Violette)
As you can see on this picture i have made a Bullish and a Bearish zone in the Chart wich is seperated thru the yellow SMA(144)
aswell as in the Indicator windows .. where the boundary is the Zero line
the Violette SMA (50) is an optical help .. because the CCI zero line is also a boundary .. and its the same line as the SMA 50 in the chart..
to enter a long position the chart has to be in the Bullish zone aswell as both indicators .. then enter long ..
to enter short the chart has to be in the Bearish zone and both indicators too..
exit a long position when one of the indicators penetrates the bearish zone
exit short position when one of the indicators penetrates the bullish zone..
its that simple ..
you can stay in an open position as loong as the chart and both indicators ar in the same zone .. ie. stay long as loong as the chart and both indicators are in the bullish zone... as soon as a indicator penetrates the bearish zone get out .. but wait till the candle is formed .. and then act accordingly..
http://img248.imageshack.us/img248/5278/usd30min.th.png
the only thing i dont have implemented yet .. is a take profit or stop loss rule..
any questions ? , please ask...
maybe some of you guys would have an idea here ?
looking forward to her from ya ..
cheerz
I am a rookie at Forex i read alot about it in the past and played arround with
Indicators and stuff .. just like anyone in here .. i guess
and now i think i have created an interresting system wich is 100% mechanical
as for the system its a trend follower and can be used with any pairs .. and time frames ...
but it isnt a complete system ..
waht it has is .. it shows you entry and exit points .. thats it
but that isnt enough for a good system .. so iam looking forward
to some inspiring posts from the pros in here to complete this system..
like adding a good MM to it or trailing stops .. talke profit points and so on..
please feel free to leave comments and suggestions... thnx in advance
The system is quite simple
Indicators :
Force = 50
CCI = 50
SMA = 144 (Yellow)
SMA = 50 (Violette)
As you can see on this picture i have made a Bullish and a Bearish zone in the Chart wich is seperated thru the yellow SMA(144)
aswell as in the Indicator windows .. where the boundary is the Zero line
the Violette SMA (50) is an optical help .. because the CCI zero line is also a boundary .. and its the same line as the SMA 50 in the chart..
to enter a long position the chart has to be in the Bullish zone aswell as both indicators .. then enter long ..
to enter short the chart has to be in the Bearish zone and both indicators too..
exit a long position when one of the indicators penetrates the bearish zone
exit short position when one of the indicators penetrates the bullish zone..
its that simple ..
you can stay in an open position as loong as the chart and both indicators ar in the same zone .. ie. stay long as loong as the chart and both indicators are in the bullish zone... as soon as a indicator penetrates the bearish zone get out .. but wait till the candle is formed .. and then act accordingly..
http://img248.imageshack.us/img248/5278/usd30min.th.png
the only thing i dont have implemented yet .. is a take profit or stop loss rule..
any questions ? , please ask...
maybe some of you guys would have an idea here ?
looking forward to her from ya ..
cheerz
