I have been trading forex for a while, please I am not a professional trader but I seem to have found a system with an edge and I wish to share it with fellow newbie trader and see if we can all demo trader or live microlot trade it to see the results, if some people can also back test that would be find but I didnt, what I did is forward test with demo account.
Also english is not my first language so will make lots of grammatical errors just ignore them and understand my message.
So what is OTTF, OTTF simply stands for Opportunity Trend Trigger Filter , with this system we look for this four parts to align or appear one after the other, we use 7 indicators to define when each part of our system appears.
For opportunity, we use 3 indis, fasttmaline indicator , zigzag channel indicator and the Semaphor 3 point indicator with points 1 and 2 removed only point 3 circle visible.
For Trend we have a very simple definition using the 50 period HMA which is a moving average, once price is trading above it we say its bullish trend and trading below we say bearish, remember this is short term trend on any time frame we are using.
For Trigger it could either be the golden finger dots , below price bullish, above price bearish OR Flattrend indicator, thick green bullish thick red bearish
Now we must Filter out some trades to help us minimize losses and manage risk and for this we use the supply and demand zone indicator that shows us where likely resistance or support may be , once we have a support or resistance area to close to comfort we filter out that trade and wait for a better one.
If we can see that all aspect aligns we enter at market price either buy or sell order and set stop loss just below the 3 point circle and take profit should be at least 1:1 risk reward. any time frame can be used but I like the 15 mins timeframe.
See chart for more clarification as I will post live trade examples when I get them. will also attach indicators( once asked) even though all can be gotten here on FF with little search
Also english is not my first language so will make lots of grammatical errors just ignore them and understand my message.
So what is OTTF, OTTF simply stands for Opportunity Trend Trigger Filter , with this system we look for this four parts to align or appear one after the other, we use 7 indicators to define when each part of our system appears.
For opportunity, we use 3 indis, fasttmaline indicator , zigzag channel indicator and the Semaphor 3 point indicator with points 1 and 2 removed only point 3 circle visible.
For Trend we have a very simple definition using the 50 period HMA which is a moving average, once price is trading above it we say its bullish trend and trading below we say bearish, remember this is short term trend on any time frame we are using.
For Trigger it could either be the golden finger dots , below price bullish, above price bearish OR Flattrend indicator, thick green bullish thick red bearish
Now we must Filter out some trades to help us minimize losses and manage risk and for this we use the supply and demand zone indicator that shows us where likely resistance or support may be , once we have a support or resistance area to close to comfort we filter out that trade and wait for a better one.
If we can see that all aspect aligns we enter at market price either buy or sell order and set stop loss just below the 3 point circle and take profit should be at least 1:1 risk reward. any time frame can be used but I like the 15 mins timeframe.
See chart for more clarification as I will post live trade examples when I get them. will also attach indicators( once asked) even though all can be gotten here on FF with little search
Attached Image(s) (click to enlarge)
10 pips a day keeps poverty away
