Hi All
This is a trading system I have been using, I would love to know your thoughts on the positives and negatives of this system and how we can improve it together, as with every system there are no holy grails just what works at which moments
The main aim should not be lost, that is to keep it simple and always go with the trend
This system has worked for me for a while , I am not sure if it will work for you, so please use at your own discretion.
You can use it on any pair
The indicators
1. Semaphor True
2. TMA Bands
Timeframe
H4 or Daily (depends on you)
Money Management
Divide your balance by 200 000 this will give you the lot size you should use per trade ( you can use a max of 10 trades per pair)
Rules
Buy - When the price has closed below the TMA Bands and the yellow dot appears then wait for next candle and enter
Sell - When the price has closed above the TMA Bands and the yellow dot appears then wait for next candle and enter
Keep adding positions based on these rules with a TP of 50 - 80 pips for H4 and 100 - 150 pips for Daily
Use a trailing Profit from 40 pips if you like, good way to preserve profits
Good luck and please feel free to post what you feel can add value to this thread
This is a trading system I have been using, I would love to know your thoughts on the positives and negatives of this system and how we can improve it together, as with every system there are no holy grails just what works at which moments
The main aim should not be lost, that is to keep it simple and always go with the trend
This system has worked for me for a while , I am not sure if it will work for you, so please use at your own discretion.
You can use it on any pair
The indicators
1. Semaphor True
2. TMA Bands
Timeframe
H4 or Daily (depends on you)
Money Management
Divide your balance by 200 000 this will give you the lot size you should use per trade ( you can use a max of 10 trades per pair)
Rules
Buy - When the price has closed below the TMA Bands and the yellow dot appears then wait for next candle and enter
Sell - When the price has closed above the TMA Bands and the yellow dot appears then wait for next candle and enter
Keep adding positions based on these rules with a TP of 50 - 80 pips for H4 and 100 - 150 pips for Daily
Use a trailing Profit from 40 pips if you like, good way to preserve profits
Good luck and please feel free to post what you feel can add value to this thread
