Part-Time Forex Trader

This method is for those who are trading forex as a part-time.
It simple and only for few days (max 2 days trade)
This method is a trend following momentum system.
Max TP per pair is 100pip and the SL is 100pip (1:1).

The indicator required.
1. MACD (12, 26, 9)
2. CCI (14)
3. EMA 89
Chart required are H4 and D1 per pair.

How to trade
Basically there will be 4 entry per pair. This 4 entry will be in between 100 pip SL.
1st entry the sl will be 100 pip.
2nd entry will be 25 pip below/upper from 1st entry and the sl will be 75 pip.
3rd entry will be 50 pip below/upper from 2nd entry and the sl will be 50 pip.
4th entry will be 25 pip below/upper from 3rd entry and the sl will be 25 pip.

If all of entry is hit, so max pip will be 400pip and if it hit sl at 100 pip, the total lost is 250pip.

entry lot.
Entry no 1 n 2 will be same lot..
Entry no 3 lot will be double from 1...
Entry no4 will be tripple lot from entry no 1...

how to select an entry.
require to check 4H n D1 chart.&lt;/p&gt;</p>
1. in H4 chart, look for changing in trend using MACD- the bar start to go above or below 0 line (2 line start to cross).
2. Then check with CCI on H4, look for divergence signal.
3. Next check with EMA 89 on H4 chart, where are the price. If above then should buy if lower should sell.

When all three criteria is meet, then i will open a 1st entry...

Basically there will be 1 setup.
where all entry criteria is meet.

Exit trade (pull out from trade).
CCI will be used to determine weather the trend on H4 is going to reverse.Watch out the form of divergence on CCI. Normally i will pull out from trade if i see the divergence at CCI on H4 chart.</p>

p/s: im 100% trading using mobile device...

Example of entry this morning for EA n AU (AAA setup).

Example of AAA setup.

This morning trade for Au n EA 30 min b4 news...

Result... +200pip from Au n EA...

For others trade... can refer here... http://www.forexfactory.com/showthre...1248&page=1210

Buy AC n Sell GA...

3 entry for GA.. n 1 for AC..

Update...

thanks for sharing the strategy.
with regard to this rule:
" Next check with EMA 89, where are the price. If above then should buy if lower should sell. "
does it require both h4 and d1 timeframes above ema 89 to long ?
Thanks!

Thanks for asking... on H4 only..

This is the result from yesterday n today trade... 6 pair in total.. not include AC n GA...

Nice results my friend.

Keep it up!

GA 4th entry trigger... and add buy AY as well....

Lets see how it goes...

Thanks dude...

Hello,
What about STOCH , CCI and SMA 50?
Insider

Oucchh... GA in trouble... if hit my SL... then i will loose 6.5% from my capital...

Cci is for detect trend reversal on H4... normally it will show divergence.. in this case i will decide to close or to continue with the trade...Stoch is for checking momentum of the pair... ususally when macd cross 0 line, stoch will pass 65 or 35 line... then it will be gud to trade..

In GA case... there are still no divergence on CCI yet...
I will leave the market to decide.. either -6.5% or +11%...Insyallah...

mrluckystar i still didn't get it . isn't it 550pip gain vs 250 loss ?

I think mrluckystar has 100pip tp for each of his 4 orders,
Orders eg,
1. 100sl 100tp
2. 75sl 100tp
3. 50sl 100tp
4. 25sl 100tp
totals = 250pip sl risk with 400pip tp gain

Thanks for sharing mrluckystar
I have a day job (out on the road alot), so trading the 4hr with daily is of interest to me.
And being able to trade it from a mobile device would be good.

Do you hold trades over the weekend?
How long have you been trading this method and what performance has it given?
Dave

Once the first entry is placed are you placing orders for the 2nd, 3rd and 4th?