THE FOLLOWING IS NOT MY TRADING SYSTEM!
I just wish that members at FF can test drive the system and someone may possibly come out with an EA if the system is viable. It is claimed that this trading system is mechanical and currently employed by hedge funds as the trading is based on DAILY time frame. Less noise compared to intra day trading methods. It is claimed that this daily trading system net about 600 to 1,000 pips per month while keeping exposure under control.
Just hope that this thread will have future.
THIS MECHANICAL TRADING SYSTEM IS TO BE TRADED WITH DAILY CHART ONLY!
Currency pairs to trade: GBPUSD, EURUSD, USDCHF, USDCAD, GBPJPY AND GBPCHF
What i am going to share with below is optimum settings. Deviate from it will have different results.
PLEASE DO NO TRY TO IMPROVE OR TWEAK THE SYSTEM AS I KNOW MANY WILL BE TEMPTED WITH!
I WOULD LIKE THE SYSTEM TO REMAIN AS IT IS OUTLINED HERE BY KEEPING IT AS SIMPLE AS POSSIBLE.
Note:
Since this is a Daily trading system, we are going to rely a lot on the close of the Daily bar. However, since all of us do not use the same broker, we will have different Daily bar as brokers apply time differently on Daily close bar. To make things simple, use the close of New York session as the close of a Daily bar. Please adjust accordingly.
Tools:
1. EMA 14 (apply to Close)
2. Heiken Ashis (default settings that come with MT4 platform by your broker)
That's it. As simple as it is.
For reference:
Current Daily Bar = D
Yesterday's Daily Bar = D-1
The day before yesterday's Daily Bar = D-2
Entry rules for Short Trades:
1. EMA 14 is pointing DOWN
2. Daily HA for D-2 was RED
3. Daily HA for D-1 was RED (HA bar must be closed below EMA14)
4. Enter Short trade when D breaches the Low of D-1.
5. Stop Loss at 100 pips
6. Take Profit at 200 pips
Entry rules for Long Trades:
1. EMA 14 is pointing UP
2. Daily HA for D-2 was WHITE
3. Daily HA for D-1 was WHITE (HA bar must be closed above EMA14)
4. Enter Long trade when D breaches the High of D-1.
5. Stop Loss at 100 pips
6. Take Profit at 200 pips
Done!
Many pips to all!
Peace to all!
I just wish that members at FF can test drive the system and someone may possibly come out with an EA if the system is viable. It is claimed that this trading system is mechanical and currently employed by hedge funds as the trading is based on DAILY time frame. Less noise compared to intra day trading methods. It is claimed that this daily trading system net about 600 to 1,000 pips per month while keeping exposure under control.
Just hope that this thread will have future.
THIS MECHANICAL TRADING SYSTEM IS TO BE TRADED WITH DAILY CHART ONLY!
Currency pairs to trade: GBPUSD, EURUSD, USDCHF, USDCAD, GBPJPY AND GBPCHF
What i am going to share with below is optimum settings. Deviate from it will have different results.
PLEASE DO NO TRY TO IMPROVE OR TWEAK THE SYSTEM AS I KNOW MANY WILL BE TEMPTED WITH!
I WOULD LIKE THE SYSTEM TO REMAIN AS IT IS OUTLINED HERE BY KEEPING IT AS SIMPLE AS POSSIBLE.
Note:
Since this is a Daily trading system, we are going to rely a lot on the close of the Daily bar. However, since all of us do not use the same broker, we will have different Daily bar as brokers apply time differently on Daily close bar. To make things simple, use the close of New York session as the close of a Daily bar. Please adjust accordingly.
Tools:
1. EMA 14 (apply to Close)
2. Heiken Ashis (default settings that come with MT4 platform by your broker)
That's it. As simple as it is.
For reference:
Current Daily Bar = D
Yesterday's Daily Bar = D-1
The day before yesterday's Daily Bar = D-2
Entry rules for Short Trades:
1. EMA 14 is pointing DOWN
2. Daily HA for D-2 was RED
3. Daily HA for D-1 was RED (HA bar must be closed below EMA14)
4. Enter Short trade when D breaches the Low of D-1.
5. Stop Loss at 100 pips
6. Take Profit at 200 pips
Entry rules for Long Trades:
1. EMA 14 is pointing UP
2. Daily HA for D-2 was WHITE
3. Daily HA for D-1 was WHITE (HA bar must be closed above EMA14)
4. Enter Long trade when D breaches the High of D-1.
5. Stop Loss at 100 pips
6. Take Profit at 200 pips
Done!
Many pips to all!
Peace to all!
ç¦ å Victor V