Base candle Entrance
Thanks to forum. I've learnt lot from this forum. I wish to say thanks and provide their support to new comers. Specially thanks to forum admin and their coworkers. This can be forum for me personally.
The idea I am going to explore its very simple and possibly many of seniors won't impress because in my system I do not use to a lot of technical indiors and other tools, however I will appreciate if you guys could add and enhance this system.
Practice will make perfect.
This program is 30minute-trading system. Ideally we only trade one 30m(one candle) after entry either way.
Here we will call a foundation candle and an entry candle.
When xpma trends upward (changes its color to bullish), 8ema crosses up to xmpa.
First (base candle) candle near bullish we proceed in the opening of next candle.
We close standing at the end of our entry candle or our profit limit will be struck.
For short everything will be opposite to over. .
Rules.
EUR USD
30M
Indior
XPMA
8EMA
Trading Hours 7.30 into 15.30 ODL MT time
Extended
XPMA trends up
8 EMA has crossed XPMA up
When initial candle turns bullish, in the opening of second candle. We go and in the end of this candle position is closed by us or we will reach our profit limit.
Short
XPMA trends down
8EMA has crossed XPMA downwards
If initial candle turns bearish in the opening of next candle we start short position and near in the end of this candle or our profit limit will be struck.
STOP LOSS
We can place cease at Low of long foundation candle or high of the short foundation candle
Profit limit
20pips
I normally close half position if 15pips
Money management can substantially improve success rate.
Few vital points the can enhance positive effect chances.
In the event the foundation candle is close to 8ema or even xpma the better transaction.
The smaller foundation candle best trade potential.
Because I am using this system out of few months today so after entry I go more then one candle some time it's predied on higher time frame affirmation and support and resistance levels.
Its better to seem 1hour timeframe if higher time frame has additionally on foundation candle or entry candle then you will defiantly make it.
Be patient for trading don't take any transaction if you don't feel confident.
More trendy market more favorable outcomes.
Whenever there are few news coming could be best day to trade.
2 to 4 trade could be potential a day.
Do not trade on the first Friday of each month.
Trade one month daily and you will be needing at least 800 to 1000pips in you pocket.
If you are senior trader then I feel no problem making more than that.
I have not back tested too long this moment market is so volatile so it's working very nicely this time.
System will work 4h but because case foundation candle should be quite small to get good outcome.
I am not always available so I won't be able to answer all questions straightway however when possible I'll be giving explanations.
Please try only on demo account untill you are feeling confident.
https://www.forexsoutheast.asia/atta...2576965793.ex4
https://www.forexsoutheast.asia/atta...2067856204.tpl
https://www.forexsoutheast.asia/atta...6318377839.mq4