Its my favourite because it makes the most money
2. I get more trade signals
3. I get a better peace of mind ( just set buy/sell stops and tp then forget)
4. Quite accurate and effective.
[Stop loss]
Stop loss is quite loose.
When buying, stop loss = low of candle - range of candle In pips.
When selling, stop loss = high of candle + range of candle in pips.
what does it mean,what is the range of candle??
Ranging it is!
What if the V has occured already by the time a bar opens outside of the EMA channel is this still accepted?
The size of the candle.
The distance between the high and the low of candle
on mt4, use the middle mouse button, click it, a crosshair should pop up.
Click and hold to measure pips using the crosshair tool
Yes it is accepted, just place sell stops 3 pips below the low of the bars as it goes up.
A trailing entry.
Keep doing it until it is an invalid ranging trade ( more than 5 bars)
well, the sl is quite big imo, usually 2×candle range if i understand correctly.
Yes it is.
my SL for ranging trades usually dont exceed 15 pips but I use a different method(my secret method)
15 pips and an average of 70 tp. quite a good R:R
I shared this one because it was easier to do and understand.
My own method required using an indi or drawing multiple fibs to find an “Exhaustion zone” in which I don’t know how to explain, it’s something I naturally do.
Another thing I didnt shared was a scalping method something that you just set and forget, and you’ll come back and realize “OH I just made 50 pips, on 4 pairs”
So when you do a trial entry, you place the sell stop 3 pips below the low of the bar as it goes up? I thought you have to wait for that bar to close and then you place the sell stop 3 pips below that closed bar.
Yes, you wait for the close.
please do share your own method, even it’s a bit more complex. and i’m very very interested in your scalping method, because i’m a big fan of set & forget type of method.
Thanks!
Hi Nasdin,
thanks a lot for sharing your strategy !
I have one question: can you please explain or show on a chart what a CCI pattern is, thanks ?
Reference to : “Conversely, if the EMAs are below the body of the candle, then it is uptrend and we can only take buy
signals unless there is a CCI pattern” page 9 Spio Trading System.
Thank you.
Fred
Hi Nasdin not many ‘range’ opporunities this week, can you post some live trade pictures pls
This is a great thread! Thanks Nasdin!
Hi everyone!
Nooby question: What do I look for on 4h chart? Candles with long wicks?
Your trading system is great and it would be very good when somebody could make a EA for this system?
Hi Nasdin Compliments. I have taken time to follow this thread from the beginning and I have installed MT5 on my system. My problem now is that I find it difficult to insert the WPR 3 & 21 in the same window. So also with CCI i cannot put them into one window. Please how do I do that thanks
this is the best system eva! …[ :29: ] can you please post your trade ideas for tuesday so I can do the opposite. why no trade Ideas for monday? :39:
Hi Nasdin, can you please explain your line system on the 1H chart that you are using on the side?
why no live trade pictures ever?
can you send me a screen shot of how its supposed to work?
much appreciated
thanks :40: