I would like to share with you guys a system I have been working on. This system is partially base on the Vegas 1 hour tunnel, but I have modified a little and w/ an addition of other commonly used indicator. Therefore I do not want to take full credit for this system. It still has some weak point, so I’m posting this up hoping we could all work together to make it better. Ultimately we can all benefit from it.
Chart setup:
Time frame: 1hr
Stochastic Os. (8, 3, 3) and Stochastic Os. (21, 5, 8) Add level 90,80,20,10 to both.
Apply to Simple and Close/Close
%K = 8:21
%D = 3:5
Slow =3:8
156 EMA Add level: -34, -55, -89, -144, -233, -377, 34, 55, 89, 144, 233, 377.
Enter short:
- When Stochastic Os. (8, 3, 3) is in between 90 and 80 and are heading down.
- After first candle closes in opposite direction.
- When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes below the one of the EMA’s level.
Enter long:
- When Stochastic Os. (8, 3, 3) is in between 90 and 80 and are heading up.
- After first candle closes in opposite direction.
- When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes above the one of the EMA’s level.
Exit: take 15-25 pips or when the stochastic (8.3.3) reach the opposite side.
All these condition must be met.
The stochastic (21.5.8) is there to help visualize the trend. It is used to help enter the market.
I would enter market when it is in above 90 for short or below 20 for long.
weakness: it doesn't have a SL. I have tried using setting stop lost at about 20 pips, but it was always hit. W/out the SL the TP hits 9/10.
I was able to double my 10000 Demo account in less than a month using this system. Averaging about 150+ pips a day. I know it sounds really ridiculous. But give it a try.
150+ was achieved by buying multiple pair when the condition are met.
Ex: 15-25 EU
15-25 EG
15-25 EJ
15-25 EC
15-25 UJ etc. the pips it adds up.
thanks all, i really wish you guys can give this system a try, and give me some feedback to make it stronger.
Chart setup:
Time frame: 1hr
Stochastic Os. (8, 3, 3) and Stochastic Os. (21, 5, 8) Add level 90,80,20,10 to both.
Apply to Simple and Close/Close
%K = 8:21
%D = 3:5
Slow =3:8
156 EMA Add level: -34, -55, -89, -144, -233, -377, 34, 55, 89, 144, 233, 377.
Enter short:
- When Stochastic Os. (8, 3, 3) is in between 90 and 80 and are heading down.
- After first candle closes in opposite direction.
- When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes below the one of the EMA’s level.
Enter long:
- When Stochastic Os. (8, 3, 3) is in between 90 and 80 and are heading up.
- After first candle closes in opposite direction.
- When both the candle before the “first candle closes in opposite direction” and the “first candle closes in op. direction” closes above the one of the EMA’s level.
Exit: take 15-25 pips or when the stochastic (8.3.3) reach the opposite side.
All these condition must be met.
The stochastic (21.5.8) is there to help visualize the trend. It is used to help enter the market.
I would enter market when it is in above 90 for short or below 20 for long.
weakness: it doesn't have a SL. I have tried using setting stop lost at about 20 pips, but it was always hit. W/out the SL the TP hits 9/10.
I was able to double my 10000 Demo account in less than a month using this system. Averaging about 150+ pips a day. I know it sounds really ridiculous. But give it a try.
150+ was achieved by buying multiple pair when the condition are met.
Ex: 15-25 EU
15-25 EG
15-25 EJ
15-25 EC
15-25 UJ etc. the pips it adds up.
thanks all, i really wish you guys can give this system a try, and give me some feedback to make it stronger.