k0sd3n
02-23-2008, 09:47 AM
Dear All,
My name is Peter Res from Egypt. I have been following the trading strategies threads on forum for a lengthy time and I would like to thank. I'd love to post my own system. It isnt really a development but only an observation and I have been trading it reside with benefits that are amazing and haven't had but losses.
I utilize this method of trading using the USD/CHF and here are some principles:
You will be needing to start two 1hour charts of USD/CHF
At the initial one plot:
- 21 Exponential moving average
- Insert 5 and -5 amounts to the 21 EMA
- 8 Exponential moving average
- Stochastic (14,5,5)
- RSI (21)
- MACD (5,13,1)
At the next one plot:
- 21 Simple moving average
- Insert 5 and -5 amounts to the 21 SMA
For Long position: The 8 EMA has to cross and go over the 5 level of this 21 EMA in the first chart and in the next chart the 8 EMA has to cross over the 5 level of this 21 SMA, both conditions must be fulfilled inorder to take the trade. The green stochastic has to cross over the red stochastic or already be over it and the RSI(21) has to be above the 50 line.
For Short position: The 8 EMA has to cross and go below the -5 level of this 21 EMA in the first chart and in the next chart the 8 EMA has to cross under the -5 level of this 21 SMA, both conditions must be fulfilled inorder to take the trade. The reddish stochastic has to cross over the green stochastic or already be over it and the RSI(21) has to be under the 50 line.
The MACD is there just to warn about divergence. IF in a position along with the chart gives lower lows and the MACD is providing HIGHER lows, then it is time to beware as this is an indiion into the end of this trend and a change will occur. IF in a buy position along with the chart is providing highs and the MACD is providing LOWER highs, this is also an indiion into the end of this uptrend and there is a change to occur.
For prevent losses I maintain it at 20 pips under the 21 EMA for a long position and 20 pips over the 21EMA for a short position.
The profit ranges from 60 pips into a couple hundred pips. I wait patiently for 30 pips then set the stoploss to break even then after 60 pips I then set the stoploss into 30 pips, and each thirty pips I proceed up the halt loss another 30 pips to lock in profit.
I typically risk 3% of my account per trade.
This is actually the platform =-RRB- and I will be submitting my past transactions in addition to each trading chance I visit half an hour before I take the trade.
Looking forward to your answers.
My name is Peter Res from Egypt. I have been following the trading strategies threads on forum for a lengthy time and I would like to thank. I'd love to post my own system. It isnt really a development but only an observation and I have been trading it reside with benefits that are amazing and haven't had but losses.
I utilize this method of trading using the USD/CHF and here are some principles:
You will be needing to start two 1hour charts of USD/CHF
At the initial one plot:
- 21 Exponential moving average
- Insert 5 and -5 amounts to the 21 EMA
- 8 Exponential moving average
- Stochastic (14,5,5)
- RSI (21)
- MACD (5,13,1)
At the next one plot:
- 21 Simple moving average
- Insert 5 and -5 amounts to the 21 SMA
For Long position: The 8 EMA has to cross and go over the 5 level of this 21 EMA in the first chart and in the next chart the 8 EMA has to cross over the 5 level of this 21 SMA, both conditions must be fulfilled inorder to take the trade. The green stochastic has to cross over the red stochastic or already be over it and the RSI(21) has to be above the 50 line.
For Short position: The 8 EMA has to cross and go below the -5 level of this 21 EMA in the first chart and in the next chart the 8 EMA has to cross under the -5 level of this 21 SMA, both conditions must be fulfilled inorder to take the trade. The reddish stochastic has to cross over the green stochastic or already be over it and the RSI(21) has to be under the 50 line.
The MACD is there just to warn about divergence. IF in a position along with the chart gives lower lows and the MACD is providing HIGHER lows, then it is time to beware as this is an indiion into the end of this trend and a change will occur. IF in a buy position along with the chart is providing highs and the MACD is providing LOWER highs, this is also an indiion into the end of this uptrend and there is a change to occur.
For prevent losses I maintain it at 20 pips under the 21 EMA for a long position and 20 pips over the 21EMA for a short position.
The profit ranges from 60 pips into a couple hundred pips. I wait patiently for 30 pips then set the stoploss to break even then after 60 pips I then set the stoploss into 30 pips, and each thirty pips I proceed up the halt loss another 30 pips to lock in profit.
I typically risk 3% of my account per trade.
This is actually the platform =-RRB- and I will be submitting my past transactions in addition to each trading chance I visit half an hour before I take the trade.
Looking forward to your answers.