Hey Guys,
Wow it’s been a while since i have posted here. To those i knew it’s been long time no see lol. So i have been keeping myself off the forums cause it was all becoming crazy. So after a good two years away i thought it’s time to go back to where it all started and go round two.
The past couple of years my trading has improved and i think slightly more matured as a trader, but maybe that’s debatable lol. Anyway i think it’s only fair to share and give back as i have received from others. So as i debated whether i should start a thread or not? I decided that i am obligated to give back so i am going to do this and hope it doesn’t turn into a **** slinging match
Okay so i call my strategy The XPS Code. It is easy to follow and understand, it cuts losers short while letting winners ride and most importantly profitable. I don’t know if this has been shared before cause i am yet to see anything on this. Before i get into to it i just want to a few things before i get into the nuts n bolts… First i want to thank everyone that has played a part in my evolution as a trader. Second and i know this wont be respected, but i will ask if you dont like what you see plz just leave. Your hot air only clutters threads up. Third, i cant stress the importance of the psychology of a trader. If a trader has a weak mentality he will most certainly turn any`winning strategy/system into a psychological pile of ****. So if you have not yet at least touched on the subject i suggest you do so right now before you open a chart.
Okay so the nuts n bolts:
Indicator: XPS v6 OSCILLATOR v3. This indicator was made by Xard. Many of his indicators repaint and this one does too. But the repainting does not affect the strategy. All you need to do is look at the last two closed XPS bars. I will explain below.
Time Frame: Any. But i like the 1H and 15M charts.
Pairs: Any of the Majors.
MoneyManagement: This is widely debated, the answer is up to you. I use 1 mini per $1000 in my account.
Buy/LONG CRITERIA:
When two XPS bars closed higher enter long. Exit when a reverse signal is given. To sum the code up in a nutshell all you have to do is look at the last two closed XPS bars.
SELL/SHORT CRITERIA:
When two XPS bars closed lower enter short.
(OPTIONAL) This part is optional and is completely up to you. Every 20 pips a trade retraces i enter another position. Doing this helps boost profit and minimize lose. At times yes can take a bigger lose too, so it’s really up to you.
That’s about it for now. Play with it on demo and see how you like it?
Enjoy and good luck
AussiePride
!XPS v6 OSCILLATOR v3.zip (46.7 KB)