[-ForexPhantom-] Daily Crossover System

[ForexPhantom]

Greetings all,

Check out my new system!


DAILY CROSSOVER SYSTEM
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Time Frame: Daily Charts
Currencies: ALL
Indicators: 2 moving averages + 1 MACD (Not actually used...read on)
Duration of Average Trade: Days – Weeks

RULES FOR SYSTEM
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I will attach the template for my system below.

LONG ENTRY: Blue MA crosses Red MA from underneath - heading upward.
SHORT ENTRY: Blue MA crosses Red MA from overtop - heading downward.
EXIT: Just before or during an opposite MA cross.
S/L: None
T/P: Two possibilities -- No T/P – Use a trailing S/L of 100 pips.
No T/P – Wait for the opposite MA signal to appear.
LOT SIZE: Use a very small lot compared to your equity.
I recommend this formula: EQUITY / 100,000.
So 1,000 dollars USD = .01 Lot size.
5,000 dollars USD = .05 Lot Size.
10,000 dollars USD = .1 Lot Size.
** This is conservative, but trading the daily charts entails more drawdown and big swings. **

GENERAL DISCUSSION
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This system is designed for the busy person in mind. A minimal amount of time is required in trading this system.

This is not a high-volume trading system. You will not be placing dozens of orders per day. Instead, we are waiting for strong signals that occur less frequently.

Most trades will be held for days, if not weeks.
Profit potential per trade appears to be around 100 – 1500 pips.
Expect to average anywhere from 1,000 – 4,000 pips / month with each currency you trade.
Obviously, you will have some losers, so this is only the theory.

This system is trend based and is designed to be traded on the DAILY charts only.
By trading with the daily trend, we are waiting for strong trends to appear. It is unusual for a daily trend to reverse itself – at least not quickly. By then you will have locked in some pips.

I will be demo testing this account thoroughly. My starting balance will be 1,000 USD and my beginning lot size will be .01.
My goal is to grow my account substantially from month-to-month and document my gains and losses thoroughly.

Thanks,

-ForexPhantom-