30 pips system

Trading Systems Free Forex Trading Systems
21

I will explain the two trades I took this morning

EUR/USD

  1. The first red line is the london open line, and this line shows how all the parameters are in line with the strategy. Histogram is red and below -100 level, yellow and grey lines are below -100 level, fast and slow MACD are pointind down and stoch is poiting down too. I entered the trade with a TP of 30 pips and a SL above the last fractal.

Result: + 30 pips.

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22

Here is the GBP/USD

  1. The red line, is the london open line, and at the same time we enter the trade because all the parameters are in line.
  • Histogram is red and below -100 level
  • lines yelow and grey are below -100 level
  • Fast and Slow MACD are pointing down
  • Stoch is pointing down
  • TP is 30 pips
    -SL is above the last fractal

Result: + 30 pips

GBP-USD.jpg700×345 38.7 KB

23

hello Daniel, just read through your posts glad you found something that works for you. do you trade until London close?

Also on the ‘double cci’ you say trade when yellow and grey +/- 100…do you not mean yellow +/-100 and grey +/- 0? as in your pics the grey is just moving above/below 0.00

plus how long have you been trading like this? what’s your win rate like…thanks

24

Hi Kraven

Maybe my pics are not clear, as I said in my 2nd post I’m looking some help in order to include better quality pics. But all the pics show yellow + grey +/- 100 level. The one you said is actually a black line. I will update the post where explain the strategy with the template in order to avoid misunderstandings. Pls take a look again with the template and you will see clear all the trades I exposed before.

I trade all the london and part of US session, main moves appear here.

I think (no official) the win rate of this system could be 70:30.

This system is new for me too, I took things from here and there and finally this is the combination that fits my personality, I’m trading this strategy for almost 3 months, but I have made some modifications during this time.

If you have any question pls let me know.

25

Hi All

Today has been a hard day, so far I haven’t found a good signal. I’m long in usd/cad since 11:45 london time where the signals were in line according with the parameters.

I will update if market hit my TP or SL.

26

Just enter a short position in GBP/USD. We have to wait now.

27

This looks good, I will give it a try.

I am always on the look out for new and free tools to help not only myself but other traders too.

I will give you my feedback when I have had a ply.

Thanks and happy trading,
Stephen

28

TP hit, result: + 30 pips

29

Hi Fxdominance

I like the idea to share for free :), hope you like this strategy and could give you good results.

30

Hi Daniel,

Free is the only honest way :slight_smile:

If you have anything that you don’t mind me sharing with my friends then let me know. I will be adding new items to my website when I have them available.

Cheers,
Stephen

31

My TP was not hit by 1 pip :mad:. I closed the trade manually with + 0.44 pips :D.

32

tested a bit this system and didn’t was so great, usd/jpy given 2 false signals as well as gpb/jpy so 3 loosing trades today.

33

[QUOTE=spike00spiegel;229490]tested a bit this system and didn’t was so great, usd/jpy given 2 false signals as well as gpb/jpy so 3 loosing trades today.[/QUOTE]

Hi Spike

I’m not trading this week due to some health issues. But let’s see the charts, maybe we both can learn something and improve the system.

USD/JPY: We have to take into account that this pair is ranging and we are trading in avery strong support/resistance levels. Attached is a 1hr pic of usd/jpy where you can find the support/ resistance levels.

The sencond pic is usd/jpy 15 mins chart, with the possible valid signals.

  • 1st vertical line, is the london open line.

  • 2nd vertical line, could be a sell signal, but histogram is not below -100 level

  • 3rd vertical line, could be a buy siganl, but histogram is not above + 100 level.

  • 4th vertical line, it is a valid signal, but see how this candle touch the very strong resistance, we can take the trade and take 10 to 20 pips or take it and wait to hit the TP or SL.

  • Result for this trade: + 20 pips or wait (the trade is still valid)

34

[QUOTE=spike00spiegel;229490]tested a bit this system and didn’t was so great, usd/jpy given 2 false signals as well as gpb/jpy so 3 loosing trades today.[/QUOTE]

Now the gbp/jpy

The first pic is a 1hr chart, you can see here the support and resistance levels. This pair has almost 160 pips between support and resistance.

The second pic is the 15 min chart. I know that this system is not perfect, but this signal is super perfect :D.

  • 1st red vertical line, the london open line.
    -2nd line, maybe this line was the one you traded for sell, but histogram in not below -100 level, and slow MACD is poiting up.
  • 3rd line, see how close is price to the support area, and the signal given is for buy, remember that resistance is 160 pips from support (huge ammount of money jejeje), all parameters are in line, yellow and grey lines are above +100 level, histogram is above +100 level, fast and slow MACD and also Stoch are pointing up.

Result: + 30 pips, very easy.

35

Those 2 almost entries, looked like valid entries because I thought the point is to catch the mini-trend as soon it starts and the histogram was very close to cross (by histogram you mean the green or red color no?)

Regarding the for gpb/jpy I traded the selling fake, I was my first trade and I was pretty disappointed, also for me the slow MACD was flat and I was wrong. I didn’t took the genuine trade because one MACD was flat in my opinion.

I’m not used to the system yet I guess, but I have some questions.

DO you trade on news? I saw good moves on news?

DO the smallest inclination count? for me on the gpb/jpy fake out the slow MACD was flat also I had troubled to decide if the MACD/Stochastic is flat or pointing up/down. Also If one MACD is flat or crossing and the other one pointing the direction can be considered an entry? I saw good moved but one MACD was flat or at least is seemed flat.

The back line has any purpose?

I guess we should be included drawing trend/support and resistance lines in this system as a requirement.

Overall it is a pretty good system, I like it, but how you sad, it requires patience and trust, I lost good trades because the price moved in one direction so fast, that I thought is to late to enter now, even if the indicators where showing an entry.

37

Hi Spike

You have to learn to identify strong moves with histogram, as you said histogram is the one that changes the color from green to red and red to green.

In the GBP/JPY buy signal that you did not take because the fast MACD is flat (actually is in crossover), see how histogram goes up strongly, so strong that grey line desapper from the chart. I know fast MACD is flat (sometimes happen) but slow MACD and Stoch are pointing up. The hearth of this system is in this indicator, I printed many charts just to recognize good signals even if sometimes MACDs and stoch are not line up.

The black line is a MA, I see that moves are stronger when this black MA is above yellow and grey lines for sell and below yellow and grey lines for buy, but this does not happen always.

When news are very strong that can produce a signal I take it, if not I just stay and wait.

It is a good advice to include S/R levels, I will update the first post with this new rule.

Don’t give up, and if you have questions/comments pls let me know.

38

Hello

I took some trades today, the first picture is an USD/CHF chart, the red line is my trade, all the conditions where meet and the trade went really nice like 20-22 pips or so before bouncing back and it end up a loosing trade.

The second chart is an AUD/USD trade, it went nice 14-15 pips before bouncing back to 0 and it hit my trailing stop which I set to avoid the USD/CHF story, I see now that this was a mistake , soon after the price went down again.

There was another perfect entry trade on GPB/USD which bounced back to -10-12 pips after I entered and I closed it by fear which it was a really stupid because if you’ll check the GPB/USD today chart you’ll see that the price when 40 pips down right after I was out.

Also I think 30 pips is a bit to much, I had looked at the charts and more often the price goes 25 or less pips before bouncing back, but It depends of as soon you enter the trade. Have you tried with 25 pips take profit? How it was if yes, I think is more safe or so.

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39

Hi Spike

Great trades, in the usd/chf you didn’t take into account the S/R levels, as you mentioned it went 20-22 pips then you should go out. But that a was a great entry.

AUD/USD, same story if you draw the s/r levels, could got 20-25 pips.

GBP/USD, yeah that was perfect, fear just did not let you think clear.

Regarding the number of pips, you will be more confident if you draw the s/r levels, in this way you can go for 20, 30 or even more pips.

I’m glad you entered perfect in all the pairs, congrats!!

40

Thanks danielmatizl

I looked at support and resistance and on USD/CHF trade the price was like 10 pips or so away from support, or can you please show me how that level was support? I didn’t found the line.

Do you draw the lines on H1, H4, 1D time-frame?

Also there was a classic trade on GPB/JPY pips which I didn’t mentioned because it wasn’t anything special, followed the rules and got 25 pips because I set may take profit at 25, but price when down 10 pips more or so, I could had 35 or so.

41

Take a look at the 3 orange circles, they mark a support level, then after the red line you can see how the price reach that level and goes up.

I draw the s/r leves with 1hr and 4 hr time frame

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