After reading this thread i find it to be pure gold. Forexphamtom, Hat’s off to you sir!
So I took the system and applied to my MT4, I’ve been going on different pairs on my charts and scrolling back to see how the system preformed in the past, it looks very solid, great wins, little loss. Look at recent time it still looks good like it is performing well. This is 6 years now this system has continued to work, I think we got a system that can last a lifetime!
The 1 and 4 LWMA are great, Personally this is how I would trade the system
Use the template provided by FP and than add a second MACD with 2 and 8 LWMA like FP has said before, use them both together to find a really solid signal, when the 1 and 4 cross see how close the 2 and 8 are to determine if you want to enter.
Use SUPPORT and RESISTANCE levels from daily and weekly charts as a area to aware of for TP and SL and if close a MAJOR one to maybe not look to enter that trade if it is going against that S or R level.
Lasty I’d add FIBONACCI because I’d fib from the last daily swing low to last daily swing high for a long and vis versa for a short, When price is between the 50-61.8% zones, and you get a signal, its bound to be a very solid signal.
It does kinda add a lot to it, but keeping the rules the same as you stated just adding Support and resistance as a TP and SL level mainly, and the Fibo for extra confirmation.
AVOID RED FLAG NEWS : BANK RATE DECISION AND NFP.
I would love to hear from you forexphantom so we can explore and really empower this system! It’s gold already though!
IF i don’t hear anything from anyone by Monday, i’ll probably start my own thread ( in honor of forexphantoms name of course ) and apply what I just said and post results and hope people join in!