Hi Nick B,
My system has no name. I go by the name of "ivan trader’. O well, ok, let us call it the ‘Forex Guru Buster’. Here are the settings I designed for the ‘Guru Buster’. Parabolic 0.008/0.08. SMA 25 Close [Blue]. Linear Weighted MA 10 Close [Red]. Candlestick Chart H4/H1. 1.) Look for an ABC pattern [Whether in a trend continuation or reversal] 2.) Point B must always be the highes/lowest point [Fractal] between Point A & C. 3.) Point C must always be higher or lower than Point A [Depending in which direction you are trading]. 4.) Wait for the Red Moving Average to cross the Blue Moving Average, namely Point D [This will confirm the direction of your analysis] 5.) Wait for the price to break the Support/Resistance level at Point B [which is a fractal high/low], namely Point E. 6.) As soon as price breaks the support/resistance level of Point B, at Point E, then the Parabolic SAR should also be ‘broken’ IN TANDEM [At the same instance/moment, namely together], meaning that the dot of the Parabolic indicator should alter its position from top to bottom, or bottom to top,…OK? 7.) Set your Stop Loss at Point D [Namely Spread + One Pip] 8. Take Profit = 1:1 [Exit 3/4 of your lot size and let the remainder of your trade run until exiting with the opposite cross of the Moving Averages OR PSAR [Depending on which occurs first]. 9. Run a Trailing Stop with your PSAR after having entered the trade after breakeven if you have not exited the trade yet. I include a screenshot for the purpose of explanation and the template. I could easily have sold this system for $97 but decided to hand it to you guys for free. Will appreciated it if you can keep my name with it. That is all. May the pips be with you. God bless - Ivan Trader [Have been trading for eight and a half years now].
fx guru buster.zip (1.49 KB)