Timeframe: any
Indicators: 144ema+169ema | Bollinger Bands default setting | Stoch 14.3.3
Important
Only trade with following 144ema+169 ema trend direction. Do not trade the opposite direction
WHEN TO ENTER A TRADE Price Action
Step 1. When the price pull back to the other Bollinger bands side + Stoch overbought / sold area.
Step 2. Looking for price resistance / support area.
WHEN TO EXIT Dynamic Support & Resistance
Situation 1: The other Bollinger Bands side (when ur main timeframe & lower timeframe is the same 144ema trend).
Situation 2: Bollinger Bands ma20 (when ur lower timeframe 144ema is different trend with main timeframe).
Tips
-Combine with another 2 time-frame. (Large x1 & Lower x1)
-Risk & Reward space at least 1:1 before u take trade.
DISCLAIMER
This post is for academic and entertainment purposes only. Forex trading carries the potential for substantial gains and substantial losses. Any potential losses suffered through Forex using the information in this post is unfortunate, but cannot in any way, shape or form be used against the contributor. I cannot be held liable for any losses suffered on your part in the market. Thank you.
And in the end sorry for my broken English. But if you can understand my grammar & those points, the strategy is quite simple to use and high accuracy.
Wlc anyone to leave a comment below.
1 Like
How profitable is this system?
How many trades can we take at any one time?
What’s the maximum drawdown ?
in my perspective, these two question need to work with fund & risk management, and it’s depends on personal style will get the different result.
so far 700+ trades,to me the result is 78%, and total risk rewards is maintain at around 1:1 & 1:1.5 plus minus.
If you are interested, can try combining your personal methods to test it.
how much return possible from this trading system , can you please elaborate ?
Hi TomCooper,
I’m manual trader, plus some price action experience to filter false signal.
This is not ea, therefore dont know how to talk about the possible return.
But my sub account using x100 leverage with all-in style, still can steady & slowly growth.
Even as a day trader but doesn’t means have to force trade everyday. I just use the high accuracy and minimum risk-reward 1:1 to control, slowly grow with compound interest.
I dont get it. Either this strategy works or it doesnt, why would I combine personal methods and retest everything? Is it mechanical or is it discretionary? Do you use your experience to take some trades and not others?
How about you post a screenshot of a chart with your strategy in play.
Cheers
Blackduck
in this case i set my tp @ Situation 2
What session do you use this strategy in?? IE UK US Asia
Cheers
Blackduck
Hi Blackduck
for example like gbpusd, i use this strategy in uk,us market.
usdjpy for me also can use in asia.
i don’t trade within big news period, example:nfp fomc etc
