This is my 1st post here and I thought I will start off by sharing my own system. It's pretty easy in understanding and approach.
Installation:
100 Simple Moving Average
Damiani Volatmeter
MACD - 15,26,9
4 hour chart - EURCHF
The 100 Simple Moving Average serves as a support/resistance lineup as it is known to be employed by major banks and financial institutions, a self-fulfilling prophecy, so to say.
System Rules
Long: Take a long trade when price closes over 100 SMA and MACD histogram goes over 0 line.
Brief: Take a short commerce when price closes below the 100 SMA and MACD goes under 0.
Re-entry: When the price, after has contributed a long or short sign, retraces back to the 100 SMA, re-enter the direction that you moved the first time. It is recommended to do it the first two times the price hits the 100 SMA and maintain a watch.
Retrace entry: When a bar is over 100 pips, wait for a retracement to happen towards the 100 SMA lineup and then enter. This will save you from lure down.
Exit principle
Scaling: I personally take 3 positions per transaction. I set my TP into 40, 2nd TP into 70 and let the third place run with Stoploss at breakeven.
For instance, once my commerce hits the initial goal, I transferred the next place to breakeven and depart the third as it is. When the place is struck, I move the 3rd to breakeven, giving the commerce space to breathe. Then I try to find the price to return, if it is open to add to the place. When price comes back into the 100 SMA, I get stopped out giving me 100 pips on two positions.
This really is a trend following system, also has it's bad days. To avoid getting trapped in a range, I use the Volatmeter indior. It is, so much the indior I have seen that helps detect a ranging a trending market.
I will try and attach a couple snapshots of past transactions, so the entire idea becomes clear.
Comments appreciated.
Good day
https://www.forexsoutheast.asia/atta...1182439058.mq4