New Post!
Arlight. I've got a nice zipped file for you guys with a manual and picture inside to help you trade and know what signals are valid. Version 3 of the bible system is a good one with many changes from the original.
I've also changed the TP, SL and valid signal entry levels. Everything is improved and should give you good results.
I've attached a manual that tells you what has worked best for me but this does not mean this system is only tradable using these instructions. I'm all about consistency and that's what I've come up with in these trading instructions.
A trader that is consistent in his rules is a successful trader. This is what I'm trying to help you accomplish with this trading strategy.
I have heavily modified the original version of the software quite a bit to help the system become more profitable. This may be the final version. I've
Installation instructions.
Extract all the files ending in .ex4 and .mq4 into programfiles/IBFX/experts/indicators folder.
(If IBFX is not your broker find your broker folder in Program Files.)
The template file ending in .tpl needs to go into programfiles/IBFX/templates folder.
That's in on the installation.
Trading rules...at least what works for me.
-1 trade a day each pair win or loss
-40 pip TP on each trade.
-SL, Signal in opposite direction.
-Wait for only valid signal as shown in the pic to up your win %
- Trade only EU and GU
-start trading at 6 am EST and wait till you find your trades. Usually with in 3 hours you're done.
- have discipline and keep to the strategy.
What this method can achieve.
The golden figure only lets me do a visual back test for 1 month per pair but last month alone both pairs combined pulled in +1262 pips. +709 pips on the EU and +553 on the GU.
An example of the power of this system. The EURUSD pair had 11 straight days of 40 pip profits. 440 pips in 11 days.
I do not know how past months are but I would guess that this system could pull in an average of about 1000 pips per month. This may not be enough for some traders but it is for me.
If some of you are having trouble finding a consistent strategy or want one for that matter here's you're ride. This strategy should work well long term with this system and does bring in a good amount of pips per month.
Happy Trading and
Good luck!"
Second update post...
Hi everyone!
I would like to post my personal template for everyone to use. This template incorporates changes made by FXhermit and myself. I feel that the changed make this system a very good range trader. I'm not going to place any rules. Figure out what works best for you.
Watch the trend lines and S/R indicators carefully. This will allow you to place a higher probable trade when you get a signal. These 2 indicators make the system shine so use them.
Best of luck people. Hope you enjoy the new template.
original post....
As a gift to the forum for the Holidays I've decided to share my pride and joy system. I think this is one of the best costume built Manuel systems ever created.
My last thread Titled "Easy Trend/Indicator" used just one of the indicators from this system. So those using that indicator might find this thread a treat.
I'm sharing it with the forum so we can talk about the best method of using it. I think the system rules are a good starting point but don't think they let the shine to it's full potential.
The system was last seen being sold on the Internet for $97 back in late 9/2009. I actually purchased it online before it was sold out and saw that it had amazing potential. It came with a manual but I felt that the trading instructions didn't give the system justice. They are a good starting point but I think us testing it here we can expand it into a simi holy grail system.
I saw the creators of this system bring a live account from $700 to a profit of 60k in 23 days using this system but they were not trading the system rules that are attached. I never asked how they were trading this system. I wish I would have. It seemed as though they were taking about 2-5 trades per day. The live account showed no losses all the way up to the profit of 60k. From what I remember there were quit a few break even trades so it makes me think there was still a trailing stop used in there trading style.
Some people thought the system was a scam. I believe that the people that thought it was a scam were the ones that did not buy the system and were skeptical. I did not. The Creator seemed like a good guy and responded to emails very quickly. I'm not sure why he stopped selling this system but if I were making 60k in 23 days I can see why he didn't need the website.
Back a year ago, I actually asked the creator about him not using the system rules in the manual and he said to me that because he knew the system so well he could take trades that were not precise entry's. He said that they were not recommended though. I don't know if this helps some of you but lets try to work together to see what trading rules work best for this awesome system.
I've had some great trades using this system but I think it's profitability can be expanded even further. Lets' work together.
If I catch any body selling any aspect of this system online I will have there ass toasted! I look quit often so don't think I can't see...
This is to be used by the community for trading not for selling unless you are the creator of this system! Thank you.
Arlight. I've got a nice zipped file for you guys with a manual and picture inside to help you trade and know what signals are valid. Version 3 of the bible system is a good one with many changes from the original.
I've also changed the TP, SL and valid signal entry levels. Everything is improved and should give you good results.
I've attached a manual that tells you what has worked best for me but this does not mean this system is only tradable using these instructions. I'm all about consistency and that's what I've come up with in these trading instructions.
A trader that is consistent in his rules is a successful trader. This is what I'm trying to help you accomplish with this trading strategy.
I have heavily modified the original version of the software quite a bit to help the system become more profitable. This may be the final version. I've
Installation instructions.
Extract all the files ending in .ex4 and .mq4 into programfiles/IBFX/experts/indicators folder.
(If IBFX is not your broker find your broker folder in Program Files.)
The template file ending in .tpl needs to go into programfiles/IBFX/templates folder.
That's in on the installation.
Trading rules...at least what works for me.
-1 trade a day each pair win or loss
-40 pip TP on each trade.
-SL, Signal in opposite direction.
-Wait for only valid signal as shown in the pic to up your win %
- Trade only EU and GU
-start trading at 6 am EST and wait till you find your trades. Usually with in 3 hours you're done.
- have discipline and keep to the strategy.
What this method can achieve.
The golden figure only lets me do a visual back test for 1 month per pair but last month alone both pairs combined pulled in +1262 pips. +709 pips on the EU and +553 on the GU.
An example of the power of this system. The EURUSD pair had 11 straight days of 40 pip profits. 440 pips in 11 days.
I do not know how past months are but I would guess that this system could pull in an average of about 1000 pips per month. This may not be enough for some traders but it is for me.
If some of you are having trouble finding a consistent strategy or want one for that matter here's you're ride. This strategy should work well long term with this system and does bring in a good amount of pips per month.
Happy Trading and
Good luck!"
Second update post...
Hi everyone!
I would like to post my personal template for everyone to use. This template incorporates changes made by FXhermit and myself. I feel that the changed make this system a very good range trader. I'm not going to place any rules. Figure out what works best for you.
Watch the trend lines and S/R indicators carefully. This will allow you to place a higher probable trade when you get a signal. These 2 indicators make the system shine so use them.
Best of luck people. Hope you enjoy the new template.
original post....
As a gift to the forum for the Holidays I've decided to share my pride and joy system. I think this is one of the best costume built Manuel systems ever created.
My last thread Titled "Easy Trend/Indicator" used just one of the indicators from this system. So those using that indicator might find this thread a treat.
I'm sharing it with the forum so we can talk about the best method of using it. I think the system rules are a good starting point but don't think they let the shine to it's full potential.
The system was last seen being sold on the Internet for $97 back in late 9/2009. I actually purchased it online before it was sold out and saw that it had amazing potential. It came with a manual but I felt that the trading instructions didn't give the system justice. They are a good starting point but I think us testing it here we can expand it into a simi holy grail system.
I saw the creators of this system bring a live account from $700 to a profit of 60k in 23 days using this system but they were not trading the system rules that are attached. I never asked how they were trading this system. I wish I would have. It seemed as though they were taking about 2-5 trades per day. The live account showed no losses all the way up to the profit of 60k. From what I remember there were quit a few break even trades so it makes me think there was still a trailing stop used in there trading style.
Some people thought the system was a scam. I believe that the people that thought it was a scam were the ones that did not buy the system and were skeptical. I did not. The Creator seemed like a good guy and responded to emails very quickly. I'm not sure why he stopped selling this system but if I were making 60k in 23 days I can see why he didn't need the website.
Back a year ago, I actually asked the creator about him not using the system rules in the manual and he said to me that because he knew the system so well he could take trades that were not precise entry's. He said that they were not recommended though. I don't know if this helps some of you but lets try to work together to see what trading rules work best for this awesome system.
I've had some great trades using this system but I think it's profitability can be expanded even further. Lets' work together.
If I catch any body selling any aspect of this system online I will have there ass toasted! I look quit often so don't think I can't see...
This is to be used by the community for trading not for selling unless you are the creator of this system! Thank you.
