Hello everyone
That is my method:
I utilize 3 moving average: 100,30,200 SMA. Moving average help me see tendency as it will powerful, weak or normal
I utilize donchian channel: it assist me see support, resistance
I utilize chart pattern such as harmonic patter... it allow me to see when the market may reverse
I utilize oscillator: it assist me confirming the tendency
My extended entrance rule:
When 3 moving average show uptrend: signal up
once I see support in my donchian channel
once I see harmonic has a pattern reveal me a reverse: such as the butterfly....
When the obscillator is oversold on stockastick lt; 20, when the RSI gt;50,
When the Macd signal up
Vice versa with my brief entry
Use my system you guys could entry 2-3 times a day. From Monday I'll post all my reside commerce within this thread. You can see the time that I post and compare to your own charts (mean when I place from the area is also the exact same time I entrance, it might delay no longer 10 second). So all commerce will be taken in dwell time, there will not be any bias or cheat. I will make about 100 live transactions (in 2 months). After 100 live transactions, in case you guys see it operate, it will help you utilize my system more confident.
Something about my trading style:
I utilize fxpro as my broker on metatrader 4.
I always use stop loss for all my commerce
My reward/risk always bigger than 2
Many transactions you will see me take profit with just 1 or 2 pips but it will't mean when I submission I hope to create 1 or 2 pips, it just because after I entrance, thing do not move like I expected so that I will take profit quickly, such as I entrance short Eur/usd , I expect from 30 minute the euro will proceed 10 pips but following 30 moment the euro only move 2-3 pips therefore that I need to lockin quickly or I will out with just 2-3 pips profit.
Thanks you for reading and thanks forexforum.co.za open a Fantastic place for us trader come, exchange thought and assist each other