They call it ICWR - call it however you want

Hi there

this is a system/method/pattern i have read about that i want to post for you to read/improve/share/talk/love

i will post it here and also in the ELITEAM thread

this is how it works:

it is applied by reaching definite goals - if not reached - we are out of the game

Open a 5 MIN. chart


Find a trend - meaning a series of candles that form higher highs or lower lows - that its highest/lowest point differs from the lowest/highest point by at least 40 pips, once done we move on to mission 2


call that trend Active Wave 1 - that is its name from now on.

Active Wave 1 is the nearest in time to our current time, meaning that there can be lots of possible AW’s but we take the nearest and MUST be over 40


Draw Fibbonaci’s Retracment levels on that same AW 1 - levels of Fib. used: 0, 0.25, 0.38 , 0.61 , 0.75


wait for a candle to close between 0.38 - 0.61
once achieved - next mission


wait for a WHOLE candle to either pass the 0.25 or the 0.75 level - you may be asking - which direction?? well it depends on the AW you drew and on you Chart software - if the AW was going up and the candle passed through 0.25 or 0.75 meaning it is closer to the top of AW - then we are about to get a BUY signal, if the candle closed below 0.25 or 0.75 then we are about to get a SELL signal, but wait.


Before deciding on your own whether you are right or not - look at the D1
and if the RSI(14) indicates on a values larger than 50 and we had a BUY signal from MISSION 5 - it is a BUY, otherwise it is not.
if the RSI(14) indicates of a value smaller than 50 and we have a SELL signal from MISSION 5 then it is a SELL, other wise we are still out.


Make the order and place a 50 pips STOP LOSE - Which will remain the whole way at the SAME LEVEL - no trailing stop no move to even, nothing.

we will trail the stops on our own special way

this was the entry - getting out:

once we ordered ,meaning we already bought/sold, we exit once we get in the same way of applying MISSIONS 1-6 a reversed signal - if we bought something we wait for selling signal, if we sold we wait for a buy signal.

MISSION 7 - wait to Exit the trade:

after drawing AW 1 - wait for a new AW to form, in any direction!

once formed - delete the previous AW and FIB. Retracement and draw a new one on the new AW - in this specific wave for a BUY/SELL signal - if it is reveresed to your current order - exit the trade, otherwise wait for a new AW.

the trade is exited/closed either by getting a reversal signal or by reaching the 50pips stop loss we set at MISSION 6.5

that is it - unless i forgot something i will now post 2 images i have right now from last nights trade i enterd - i will post it even if i go -50 pips only to show you how it works, in general, i think you can learn more by posting losing trades than by posting winning trades

for questions - hit me on!




as i promised i post the trade - it isnt that succesfull as i had yesterday but who cares - i am still up for 13 pips and looking for more - if you will have questions about this one - go ahead!!!

here it comes

Hi :slight_smile:

I believe this is the system being discussed here under a thread named something like “Great system for old and new”? … started by James and had a link to the PDF file explaining the system.

I was losing too much on the stop losses, and only a couple of decent wins. The exit strategy might be better than the entry, which I think might jump the gun a little.

hey MD

well i dont know about james’ link to that PDF - but i will look up for it, i didnt yet tested the system enough in order to tell you where the problem is if there is but of what i accomplished by now is this - to my oppinnion:

  1. the AW (Active Wave) should be a bit higher than 40, i assume somewhere around the 46-53, aint kidding about this one…

  2. i am testing now a double entry signal which will be the result of the 5 MIN. and the 15 MIN. in order to see an entry signal.

  3. which pairs - still checking on this one also.

i will be more than happy to receive comments from you or from whoever tried this out - see you again soon.


explanation later

well here is the explanation - since it didnt move more than 40 pips above the starting price - i didnt step out the trade - i let my Static Stop Loss remain in action - and btw - it reached almost there as i write this update and moved 30 pips up from it, so i am still in the trade

i want to mention this - i am just testing this system and want to share it - there are other trades i have lost on, and others i gained, but this one was very much analyised by me before entering it so i thought it is the best to post this one

will update later also - C YA!

Well - you can see youself it has recovered, not the best trade i did but i promised to post as much as i can.

i guess that from now on it will rise up -looking forward for the outcome


Glad you like the system. For me in looking at the reality of what I will be doing with a smaller funded live account I simply could not be risking the 50 - 100 pips stop losses this system seems to incorporate. Perhaps if I modify it and look at smaller waves and smaller stop losses I could try it again.

Here is the thread I mentioned, if you don’t have the PDF file on this system it is certainly worth reading:
Great System Thread

best of [B]luck [/B]in your trades :slight_smile: (a former KC Chiefs coach used to say luck was where preparation and opportunity meet … so luck is also based on your efforts …)

I get what you say about the SL, but there are micro lots - and for trailing trades for hundreds of pips - i dont mind starting with 30$ instead of 300$ or 3000$, so i guess if this system works i will go for micro lots.

BUT - i believe this wont work for lower waves/SL, because that is the idea - stop loss should be static and far, but the TP should set you on the winning zone, or at least i hope so.

well there you go - it worked out well at the end - and i was kinda in a hurry so i closed the position, and when i got back i so there is a new trade coming up so i took advantage of that - got out in the previous one with +131 pips - played it with 0.2 lots - yeah i know… - i am still demoing, when the first one closed at 50 pips or so - and the 2nd trailed to gain 79 in toatl, good for me! :slight_smile:

here is the image