we will mainly discuss signals generated by EURGBP, EURUSD and GBPUSD only because of there corelation and inter dependency of move factors i only trade these three pairs. however sysetem is applicabble to any pair and signals can be dicussed
please see the chart below you will get answer to you question and we can further discuss many details
i could not understand your question, can you explain it little more so that we can make some good logical answer to it
It’s not a question but mainly an observation. If entry is based on RSI crossing the 50 level then we will miss other good potential trades. On a good trend, RSI will remain hovering either above or below the 50 level. Sometimes RSI will not cross the 50 level for days.
If RSI bounced back and forth the 50 level, here’s what I would do:
After RSI crosses 50 long or short, I would check MACD fast line for momentum before entry. This will avoid potential head fakes. It usually take alot of energy to change a trend.
Long Entry = MACD >= +0.0001
Short Entry = MACD <= -0.0001
Hope this helps.
thnaks ramrocket for your observation. i beleive this sytem automatically considers all such small observations. it is basically enter on the signal and if it is right ride with it and if wrong exit and control your loss with good money management.
that is what the simplicity of this system is so that if someone is interested to trade two or three currency pairs he can have good concentration level to go on.
how good signals are provided by system in case of eurusd. all three signals in my style of trading
LOWIQ are you using this system and how you found it. plaese post your demo and live trades if you are using this system
USDCAD trade is on the direction of giving 2nd and 3rd trade signal in next 4-8 hours or so but do watch the indicators carefully for any potential reversal.
Looks to be a very interesting strategy. Only just come across this thread so can’t comment more at this stage, but will be keeping up with the goings on a hopefully contributing more as time goes on!!
Good luck!!
Hello, Hello 
I spent last night looking at the RSI 45 cross. I think they give a pretty good idea of a trend starting, and simple. Haven’t digested the indicators yet. Thanks for the insight. Can’t find many original ideas with swing trading. Good job!
I use Oanda…how can I get around level zero (Indicator)…
generalz
thanks generalz for comments. this is totally my original work and it is profitable. i desighned it to profit from range and trend from any currency pair by combining indicators and by getting into three trades and money management. I use FXCM trading station and metatrader charts. I dont have any idea about oanda because i never used that. sorry for that. anybody using oanda may come for help soon whenever he reads this
thanks and please give your analysis and observation to improve rules for this strategy
Shandy looking for your valueable contributions
hello LOWIQ are u still holding your trade or exited your position in eurgbp as MACD trend has yet not changed and may go further long. please tell about latest situation. if you exited your trade what were the reasons.
It looks to me as if GBPUSD has signalled a downward trend now at around 1.9590?
less interest by traders.
ok those who dont want to trade first signal of the trade can do so and can only trade 2nd and 3rd signal
fix target for 2nd signal as per currency pair
and 3rd signal to be of system exit
remove trend and MACD indicators from chart and add stoch 39,2,2 simple low/high with level 50 only.
this would remove lot of uncertainties from trade as first signal i think most traders are getting difficult to pull on
see the attached chart (NZDUSD)
this is the best strategy for those who want to trade trend or range by what so ever way they like but traders are not giving their comments about it. i am unable to understand that either they dont have time to comment or they did not like this strategy. At one point i thought closing of this thread but now i feel that everyone reading will give comments what so ever thay may be. so far about 2000 views and opnly few replies. you can see one example as attached chart. It is just a matter of sitting tight.
hi,
about your system, looks great for a trending market, and looks like plenty of profit can be made judging by the backtesting.
But looking at choppy markets it does look like there will be a lot of losses in a row, is there anything built into your system to avoid this?
thanks
N
you can add RSI 14 and can read the attached file in details if you want to trade in more details and everything that appers
Trend_Determination-RSI.pdf (560 KB)
I’m still lurking…have been adapting this system for me…WARNING…I am a newbie and sometimes do not completely understand indicators…so if I don’t make sense, Oh well…
this is what I am testing…the holidays are not good playing for real. Up 400 pips this week…gbp/us-gbp/jyp-eur/jyp
Enter:
All 4 must cross about the same time: I draw line to verify…
Cross… 5+10
RSI 14… Cross 50 line
Stoch 39,2,2 Cross
CCI 14: Helps read early trend direction
Exit if cross O
Exit
CCI or any indicator crosses 0 or 50 line for sure…earlier if you wish?
I Like CCI…it is a bit of a leading indicator and can give you some hint to where the we are going…
i am failing to understand that where confusion lies in this system. please do use and add as many indicators as you can but do not change the basics of this system. At one stage of learning i have also been using 10 indicators and now only prefer these few and trusted one. There is no holy grail and losses are the part of this complicated game, so trade freely and control your losses and let your profits run. divesify your trades and do not put more than 1 % of your capital in any trade, however you can have more number of trades but diversify them into different currency pairs. All you positions those open should not acceed total tolerable loss of your account(5% in my case). That is very simple science/art and one more thing and that is very very important that do not involve yourself into complex analysis/jigsaw puzzles and only thing that you can do is to control your risk and trust your system. How simple it is. try it and you will feel it that you are winning the war