It is advisable not to trade with this system if you're just starting out, you must know the basics of forex trading.
Hello Everyone,
My name is Sarthi, Call me Sarthi/Imega your wish. Let's get straight into the system itself.
I name it HEMc because it comprises of two main indicators Heiken Ashi and MACD so HEMc. Before you use this system you should know trading is subject to risk and you should not rely on this completely, this is a profitable system only if you trade with proper basic knowledge of forex market such as S&R, Trading in the favor of trend and not gambling, this system has no definite rules for trading you can use it any way you like. The best part about this system is, it does not require you to sit in front of your screen and have a panic attack every time the market does something aginst you. You need to check your charts every day once for setup and for executing on 4hr combining with 1hr for more precise entry. I wish you good luck and hope you can make something out of it. I don't know if this system exists or not but this is my own creation, just thought to mention.
FOR SETUP AND EXECUTION
We will start with simple one first which is riding along with the trend and more complicated trades such as reversal and stuff, we'll catch later.
For Long entry check, if the bar has touched the heiken ashi, the setup is not valid if it has only touched the stem of the bar the body has to get covered to be called as proper setup refer to the image. once you get the setup move down to 4hr chart and draw a trend line, once the trend line breaks wait for two green heiken ashis (in the case of long) and the MACD MUST cross the 0 level and give at least 2 visible bars before you could confirm it as trade. (refer to the 2nd image).
For Short vice versa.
*********************************************
Since this is beginning, let it be light for you to grasp, how to filter more accurate trades will be covered in later posts. If you see any typo error feel free to correct me and if anyone would like to write a better version of it feel free and send it to me, I'll update it to a more reader-friendly version.
Have no doubt and ask as many questions you wish, I'll try to answer them all. Experiment with it as you like.
I hope you enjoyed this little simple system which will become a giant one later when we'll add more filters to it to eliminate bad trades. So if you do enjoy give a thumbs up and subscribe to this thread so you never miss an update.
Thanks
Hello Everyone,
My name is Sarthi, Call me Sarthi/Imega your wish. Let's get straight into the system itself.
I name it HEMc because it comprises of two main indicators Heiken Ashi and MACD so HEMc. Before you use this system you should know trading is subject to risk and you should not rely on this completely, this is a profitable system only if you trade with proper basic knowledge of forex market such as S&R, Trading in the favor of trend and not gambling, this system has no definite rules for trading you can use it any way you like. The best part about this system is, it does not require you to sit in front of your screen and have a panic attack every time the market does something aginst you. You need to check your charts every day once for setup and for executing on 4hr combining with 1hr for more precise entry. I wish you good luck and hope you can make something out of it. I don't know if this system exists or not but this is my own creation, just thought to mention.
FOR SETUP AND EXECUTION
We will start with simple one first which is riding along with the trend and more complicated trades such as reversal and stuff, we'll catch later.
For Long entry check, if the bar has touched the heiken ashi, the setup is not valid if it has only touched the stem of the bar the body has to get covered to be called as proper setup refer to the image. once you get the setup move down to 4hr chart and draw a trend line, once the trend line breaks wait for two green heiken ashis (in the case of long) and the MACD MUST cross the 0 level and give at least 2 visible bars before you could confirm it as trade. (refer to the 2nd image).
For Short vice versa.
*********************************************
Since this is beginning, let it be light for you to grasp, how to filter more accurate trades will be covered in later posts. If you see any typo error feel free to correct me and if anyone would like to write a better version of it feel free and send it to me, I'll update it to a more reader-friendly version.
Have no doubt and ask as many questions you wish, I'll try to answer them all. Experiment with it as you like.
I hope you enjoyed this little simple system which will become a giant one later when we'll add more filters to it to eliminate bad trades. So if you do enjoy give a thumbs up and subscribe to this thread so you never miss an update.
Thanks
