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62

This actually isn’t anything new. It’s like the concept of trading with RSI such as buy when it hits below 30 and sell when it crosses above 70. the only problem with these methods is that it doesn’t always work and there can be false signals.

63

Another smart trader here. It’s not the same becouse you have parabolicSAR and adx to prevent whipsaws. I only want to help people, don’t reply to thread if you don’t like it

64

Great work.I’m trying it now,seems its working good.What about entry,if the ADX IS only above 20.Do you think,it is too risky?

65

I think it is, you can maybe make profit, but there will be bunch of whipsaws. You can enter above 20 if some important news come up to catch better entry. That’s only case i’m entering below 30.

66

Thanks for this stratergy! Made over 100 pips today thanks to this :32:

67

Glad that I helped. I think euro will rally even more becouse of sentiment, it’s overbought but going up for sure.

68

Great news people i started testing AUD/USD, USD/CAD and GBP/USD three weeks ago and looking good. For about month or two i will be able to tell you if it’s working :smiley: till then stay tuned.

69

Thanks for answering me.An other questione:Do you only enter ,if the cross and the ADX greater dan 30 occour together,or
you enter also waiting the ADX to reach 30 en more.(Sorry,i’m trying to find the optimal entry point.)

70

I look to enter when there’s crossover and adx greater than 30. Adx can cross 30 later but you must keep an eye that it’s not too late. If it’s close and going up with showinf crossover you can enter the trade :smiley:

Any more questions?

71

Here you can vote for my system to be the best of the month :smiley: Voting: January’s Best Forex Trading System Contest | Forex Blog: Art of Automation

72

I applied this system to GBPUSD. Here is a screenshot of my setup. Let me know if I’m identifying the correct entry points.

gbpusd.jpg700×395 65.5 KB

Following the TP rules the two trades I identified result in 133 pips profit.

Using a stop loss of 50 and take profit of 150 would result in 300 pips profit with these two trades.

gbpusd.jpg700×395 65.9 KB

73

Really nice setups randy, it’s obvious that it works on GBP/USD, I am testing that currency pair and having nice profits. Thanks for sharing the entries with us.

74

Gonna try this strategy starting next week. Will keep you updated;)

75

Thanks, which currency pairs?

76

Can you show everyone your MyFXBook, showing the daily, weekly, and monthly profitability of the system, plus the overall gain of the system and the trade history for the past 6 months?

Any good trading system whether manual or automated needs to be verifiable to ensure it’s profitable over the long term.

77

You can backtest it if you want, people are trying it they will see that it’s profitable :smiley:

78

True, but as you are the strategy developer, I would like to see your results.

The developer of the strategy needs to be able to produce verifiable results!

79

This thread speaks about itself, it showed it will show how profitable this is. I won’t show YOU a thing

80

This week’s profits, applying T/P 150, S/L 50:
EUR/USD 150 pips profit
AUD/USD 130 pips profit
GBP/USD 150 pips profit(randy posted screenshot)
USD/CAD 50 pips profit

nice profits, but considering is it working on USD/CAD, i will maybe add some more currency pairs to testing

81

Hi Bullish Trend, I like your trading idea and want to set up a H4 chart as your guideline. I wonder in your chart how many candles you set up in your chart (unit of candles) as I have to manually set it. Thanks in advance for your help.