hi folks , after trying many many systems and indicators and EA in my trading life , i decided to study some kind of indicators for a good time of period and to stick with them and the conclusion was a very simple system based on a 5 min time frame than can eat pips from the market.
the system can eat pips as much as its moving , that's why i called it the stomach system.
the main indicator in this system called ( stomach ) which is a combination of stochastic and MA.
the rules are very easy , once you stick with the rule you will gaining more money.
so lets starts with the rules:
1- we will look for long trades once the yellow line of stomach is above 50.
2- we will look for short trades once the yellow line of stomach is below 50.
3- the above rules must be confirmed with the TDI indicator cross, once the green line crossed the red and yellow and 50 level moving to the upside we go long , and once the TDI indicator green line the red and yellow and 50 level moving to the downside we go short.
4- the entry : we will look to long immediately when the bar closed above the 10 EMA , after confirming the above rules.
and we will short immediately when the bar closed below 10 EMA , after confiming the above rules.
and please note that in both long and short entrt if the bar was too long , we will not enter until the price retrace to the 10 EMA.
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5- EXIT rules , i dont put a specific TP , as i want to eat from the market as much as i can, so my exit will be the cross of the green line in the stomach the 50 level in the opposite side or the nearest support or resistant level. and as per your money management.
my stop loss will be 20 pips from the entry.
6- for less risk we only take long trades if the price action is above 200 EMA ,and above 34 EMA and shorts if the PA is below 200 EMA , and below 34 EMA, please note that the 200 EMA is a very important level in trading and its a very well respected.
the 200 EMA IS THE blue dotted line.
good luck every one, and comments are welcomed.
the system can eat pips as much as its moving , that's why i called it the stomach system.
the main indicator in this system called ( stomach ) which is a combination of stochastic and MA.
the rules are very easy , once you stick with the rule you will gaining more money.
so lets starts with the rules:
1- we will look for long trades once the yellow line of stomach is above 50.
2- we will look for short trades once the yellow line of stomach is below 50.
3- the above rules must be confirmed with the TDI indicator cross, once the green line crossed the red and yellow and 50 level moving to the upside we go long , and once the TDI indicator green line the red and yellow and 50 level moving to the downside we go short.
4- the entry : we will look to long immediately when the bar closed above the 10 EMA , after confirming the above rules.
and we will short immediately when the bar closed below 10 EMA , after confiming the above rules.
and please note that in both long and short entrt if the bar was too long , we will not enter until the price retrace to the 10 EMA.
-
5- EXIT rules , i dont put a specific TP , as i want to eat from the market as much as i can, so my exit will be the cross of the green line in the stomach the 50 level in the opposite side or the nearest support or resistant level. and as per your money management.
my stop loss will be 20 pips from the entry.
6- for less risk we only take long trades if the price action is above 200 EMA ,and above 34 EMA and shorts if the PA is below 200 EMA , and below 34 EMA, please note that the 200 EMA is a very important level in trading and its a very well respected.
the 200 EMA IS THE blue dotted line.
good luck every one, and comments are welcomed.
Attached Image (click to enlarge)
