Hello Traders,
I am posting my personal trading system here. You will need my 2 custom made indicators for Metatrader. It is trend following system you need lot of patience and some expertise in fibs,support, resistance in order to exit trade.
Rules:
IMP: USE ONLY 15 MIN TIMEFRAME
- Buy Alert = Any of the 2 indicator goes positive and hit define level (+1500 for GJ and EJ, +15 for GU and EU).
- Actual Buy = The second indicator hits the define level (+1500 for GJ and EJ, +15 for GU and EU).
- Sell Alert = Any of the 2 indicator goes negative and hit define level (-1500 for GJ and EJ, -15 for GU and EU).
- Actual Sell = The second indicator hits the define level (-1500 for GJ and EJ, -15 for GU and EU).
- Stop Loss for Buy = Any of the indicator hits -1500 (for GJ and EJ) or -15 (For GU and EU).
- Stop Loss for Sell = Any of the indicator hits +1500(for GJ and EJ) or +15 (For GU and EU).
- Exit = This is where you need some expertise, you have to close partial lots at each fib level, nearest support and resistance and let the other lot ride.
I trade only GU,EU,GJ and EU. This is a trend following system if you see certain pair is range bound for few days just switch to other currency pair. Use your own method for money management. Always remember to close partial lots and book some profit as you follow the trend.
Feel free to ask any question.
Good luck to all.