hi all,
to all the forex indicators , finally after loosing most of my money in trading and using many indicators and EA. i'm posting a new system based on 1 hour chart .
the main secret of this system is the 10 EMA line.
in this system i'm using some powerful indicators to filter the trade and make a profitable entry.
these indicators are :
1- Golden MACD , which give you the true trend and let you avoid ranging market.
2- RSI , with a special settings , which give you the strength of the trend.
3- Flat trend , which show you overall trend to show the trend of the higher time frame which has been set to 4 hours.
4- (10 , 50 , 200 EMA) : 10 EMA is the base for entry.
Trading Rules:
- Entry:
i will go long once the PA cross the 10 EMA and close and its already above 50 and 200 EMA .
i will go short once the PA cross the 10 Ema and closed and its already below the 50 and 200 EMA.
and please note that in both entries above the 1 hour bar must close very near to the 10 EMA , and maybe far 4-5 pips max.
if the price closed so far or was a long bar you wait for the price to retrace back and touch the 10 EMA again at the close of the bar.
Very important : the entry must be very near to the 10 EMA.
important conditions must see before getting into the trade :
A- Golden MACD must be above the upper level for long , and below down level for short.
B- RSI should cross 60 level for long , and 40 level for short.
C- Flat trend must be green for long , and red for short.
very important note :
the above ( A,B,C ) conditions must all be met before entering the trade.
Exit Rules:
Profit at the strongest support or resistance or you wait for the RSI to cross back the 50 level.
Stop loss : 15-20 pips max , or you wait for the RSI to cross back the 50 level.
for me i prefer to exit at the RSI when it cross back to 50 level or once the price close to the other side of the 10 EMA.
and usually if the market is against me and price closed to the other side of the 10 EMA the loss will be very small ( 10-15 pips )
but if the market is in my side then i'm in a good profit.
for advanced traders : if you are in a profits and you are far from the entry you can add on the trade once the price retrace and touch the 10 EMA again , and make sure before adding that the all the entry conditions are all met.
i have attached the indicators and the templates.
there are 2 templates : 1 for the most pairs and majors.( called 1 Hour temp), and the other for the pairs that vs the Japanese Yan like USDJPY OR EURJPY or others ( called 1 Hour temp JPY )
i hope all my system setup are clear , and i will be glad to get any comments .
Good luck toy you all.
to all the forex indicators , finally after loosing most of my money in trading and using many indicators and EA. i'm posting a new system based on 1 hour chart .
the main secret of this system is the 10 EMA line.
in this system i'm using some powerful indicators to filter the trade and make a profitable entry.
these indicators are :
1- Golden MACD , which give you the true trend and let you avoid ranging market.
2- RSI , with a special settings , which give you the strength of the trend.
3- Flat trend , which show you overall trend to show the trend of the higher time frame which has been set to 4 hours.
4- (10 , 50 , 200 EMA) : 10 EMA is the base for entry.
Trading Rules:
- Entry:
i will go long once the PA cross the 10 EMA and close and its already above 50 and 200 EMA .
i will go short once the PA cross the 10 Ema and closed and its already below the 50 and 200 EMA.
and please note that in both entries above the 1 hour bar must close very near to the 10 EMA , and maybe far 4-5 pips max.
if the price closed so far or was a long bar you wait for the price to retrace back and touch the 10 EMA again at the close of the bar.
Very important : the entry must be very near to the 10 EMA.
important conditions must see before getting into the trade :
A- Golden MACD must be above the upper level for long , and below down level for short.
B- RSI should cross 60 level for long , and 40 level for short.
C- Flat trend must be green for long , and red for short.
very important note :
the above ( A,B,C ) conditions must all be met before entering the trade.
Exit Rules:
Profit at the strongest support or resistance or you wait for the RSI to cross back the 50 level.
Stop loss : 15-20 pips max , or you wait for the RSI to cross back the 50 level.
for me i prefer to exit at the RSI when it cross back to 50 level or once the price close to the other side of the 10 EMA.
and usually if the market is against me and price closed to the other side of the 10 EMA the loss will be very small ( 10-15 pips )
but if the market is in my side then i'm in a good profit.
for advanced traders : if you are in a profits and you are far from the entry you can add on the trade once the price retrace and touch the 10 EMA again , and make sure before adding that the all the entry conditions are all met.
i have attached the indicators and the templates.
there are 2 templates : 1 for the most pairs and majors.( called 1 Hour temp), and the other for the pairs that vs the Japanese Yan like USDJPY OR EURJPY or others ( called 1 Hour temp JPY )
i hope all my system setup are clear , and i will be glad to get any comments .
Good luck toy you all.
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Attached File(s)
