Hello everyone!
I haven’et posted on BP much as you’ll see so I’ll just say a bit about me before ew start:
I live in South England and have been trading demo (I’m only 17 would you believe it?!) since around March 2013. Since realising that the principles of the forex market seem to make sense to me, I have taken it upon myself to gain as much knowledge, experience (as much experience as demo trading can give) and chart time so I can learn to trade currencies and understand them while I am still young and capable of learning quickly, hopefully.
I’ve managed to create a system which I’m currently testing for trend trading on the dailly charts while I’m at college etc but I’m quite impatient when I’m actually at home and don’t like holding onto position for ages if I’m not and college and free to trade. This is why I’m trying to create a system that can be used on the five minutely and one minutely charts.
This is where you all come in… I was messing around with indicators the other day and found that a fairly nice idea is using the parSar to spot trade opportunities on eur/usd, five minute and one minute. I thought that if you take a trade with three of the same signals in a row, you are more likely to get a decent return than for the signal to reverse.
I’m trying to find other indicators to use to try and prevent ‘bad trades’ but I haven’t found anything to useful yet.
I’ve considered but not looked at multiple TF analysis and some oscilators but I’m not sure what else I can add to the system.
As for risk management, I haven’t looked at it at all yet because I wanted to sort out the entry signal first.
So, if anyone has any suggestions for other indicators to help me get a proper entry system or some risk management ideas, that would be appreciated.
Cheers,
Fib
P.S: this site and all the other *pips.com sites are awesome! 
