1m Pcs System

1M PCS SYSTEM

I created an intraday system since my hours at work have temporally change until are facility is repaired due to Hurricane Ike. I thought I would share it here for anyone interested in testing it. Use at your on risk.

Time frame: 1 minute

Indicators:
Price Channel Stop � set to 20
Heikin Ashi candles � default setting w/ colors change to red/blue & width set to 1 (more of a visual)
Stochastic � set to 100, 3, 3 with 50 level & main signal line only

Goal: 20 pips a day

Trading sessions: European & US to include overlay of both markets

Risk/Reward ratio: 1:1

Take profit: 20 pips after spread

Stop loss: 20 pips including spread

MM: Increase contract size by a factor of 1 after a loss and decrease by 1 after a win. This is an optional MM strategy.

Rules for trading

Long � Stoch main signal line must be at the 50 level or above, price channel must change from red to blue. Wait for the candle to close and if all indicators agree then enter a long position.

Short - Stoch main signal line must be at the 50 level or below, price channel must change from blue to red. Wait for the candle to close and if all indicators agree then enter a long position.

Note: Do not enter the trade until both indicators agree. You can continue to trade after 20 pips are made, however, you run the risk of having to open more contracts if you experience consecutive losses. I have continued to trade after 20 pips have been pretty profitable in past 2 days. Good luck to those who use this system.


Here’s an example of a valid entry. The red line is the signal when the candle closes at or above the 50 stoch level and the price channel turns from red to blue. The green line is the entry at the candle open. The t/p has hit in this example.


Thank you pipchaser,
I will try the system next week.
Which pair do you recommend and how’s ur result?

Pairs with a 2 pip spread or less. I need to fine tune the settings so it takes less trades with a greater chance of sucess (is that possible). Anyways, I am off this weekend and will be reviewing charts. I will revise the settings if I come across better setups.

it’s nice…i am looking forward that~~~:D:D:D

And what is the use of “Heikin Ashi candles” in this system ?
Thank

Using as a visual only. I am going to switch my focus back to the ADR straddle system since I am back on days at work. Please continue to use if interested.

Thank you. I will continue to use the system.
The 1st day
EURUSD +20pips

I’m going to give this a try next week =)

AUDUSD
+30 pips

USDJPY
+22 pips

GBPUSD
+23 pips

USDCHF
+23 pips

profit +947.25

Thanks for uploading this. I’m always interested to try new systems. I’m having a little trouble understanding how to use the indicators with this system. So I want the bottom part of the graph to basically never be on the 50 line – I want it either over or under? What do you mean by the candle being closed?

very extreme result.
Skipped one day.
Today almost loss half the a/c