45 Combo - momentum system (45 Combo - momentum system) - MT4/MT5 resources
Hello and welcome to my trading system topic. This was all based on my motivation to pick it up somewhere cheaper.
I keep it simple in my trading and there is no difference in approaching this topic, so I just get started.
Signal:
1) One minute time frame.
2) 5EMA (HLC/3 - Shift 1 - Yellow line) to cross 40EMA (Close - Shift 0 - Blue line).
3) PA pulls back and touches/reacts to the 40 EMA, but does not push the 5 EMA above the 40 EMA, and the MACD pushes in the opposite direction.
4) Recover at the close of the first candle cross of the 5 EMA.
5) RR 1:2+…Stop after the last H/L…Target +20.
That's it. This is my signal creation philosophy. It's simple or at least I think so.
what I do:
1) I believe in my system and stick to it no matter what the odds.
2) I don't interfere with anything after triggering...stopping or aiming; in this department it's a matter of life and death for me...the trick is, it allows me to be patient .
3) I only make one trade per hour, per direction, per pair, W hen and I give f signals.
4) I want to get +20 points per day and keep it highly protected.
5) My risk per trade is 1%.
6) I will not trade at a price lower than 2R’s . Therefore, if the stop loss is greater than 10 pips, it is considered rejected.
7) I trade the following 4 major currency pairs: E/U – G/U – E/J – U/J.
8) I can care or care less about what happens elsewhere. I mean, I wouldn't consider any other timeframe than the 1M timeframe.
9) I don’t care about any relevant factors. None of this makes any sense to me.
10) I delete the pending order 5 minutes before the red news is released and continue to consider the trade 15 minutes later.
11) I only trade in the first 3 hours of EU opening. Live on the west coast so I trade from 10:30pm to 2am. I don’t want to stare at charts all day and have no reason to lose my beauty sleep. I also think the best time to trade currencies is early in the EU meetings. However, you can trade throughout the day.
I highly recommend you do the same, but it's up to you.
Why is it called 45? Well, as you can see, the main component of this system is made up of the 5EMA spanning the 40EMA. So, 40 and 5 are equivalent to 45, haha.
cheers,
Important posts to read:
1- http://www.forexfactory.com/showthre...12#post8012812
2- http://www.forexfactory.com/showthre...64#post8013064
3- http://www.forexfactory.com/showthread.php?p=8018101#post8018101
4- http://www.forexfactory.com/showthre...94#post8060494 ... Narrow entry.
5- http://www.forexfactory.com/showthre...70#post8059170
6- http://www.forexfactory.com/showthre...96#post8059196
7- http://www.forexfactory.com/showthre...68#post8051468 ...must read for junior members.
8- http://www.forexfactory.com/showthre...66#post8075666
9- http://www.forexfactory.com/showthre...44#post8241144 ...Correct stop loss location details.
10- http://www.forexfactory.com/showthre...74#post8241974 ...must be read and executed.
11- http://www.forexfactory.com/showthre...54#post8275254... TE List
12- http://www.forexfactory.com/showthre...82#post8281082... Hammertops pdf v5
I keep it simple in my trading and there is no difference in approaching this topic, so I just get started.
Signal:
1) One minute time frame.
2) 5EMA (HLC/3 - Shift 1 - Yellow line) to cross 40EMA (Close - Shift 0 - Blue line).
3) PA pulls back and touches/reacts to the 40 EMA, but does not push the 5 EMA above the 40 EMA, and the MACD pushes in the opposite direction.
4) Recover at the close of the first candle cross of the 5 EMA.
5) RR 1:2+…Stop after the last H/L…Target +20.
That's it. This is my signal creation philosophy. It's simple or at least I think so.
what I do:
1) I believe in my system and stick to it no matter what the odds.
2) I don't interfere with anything after triggering...stopping or aiming; in this department it's a matter of life and death for me...the trick is, it allows me to be patient .
3) I only make one trade per hour, per direction, per pair, W hen and I give f signals.
4) I want to get +20 points per day and keep it highly protected.
5) My risk per trade is 1%.
6) I will not trade at a price lower than 2R’s . Therefore, if the stop loss is greater than 10 pips, it is considered rejected.
7) I trade the following 4 major currency pairs: E/U – G/U – E/J – U/J.
8) I can care or care less about what happens elsewhere. I mean, I wouldn't consider any other timeframe than the 1M timeframe.
9) I don’t care about any relevant factors. None of this makes any sense to me.
10) I delete the pending order 5 minutes before the red news is released and continue to consider the trade 15 minutes later.
11) I only trade in the first 3 hours of EU opening. Live on the west coast so I trade from 10:30pm to 2am. I don’t want to stare at charts all day and have no reason to lose my beauty sleep. I also think the best time to trade currencies is early in the EU meetings. However, you can trade throughout the day.
I highly recommend you do the same, but it's up to you.
Why is it called 45? Well, as you can see, the main component of this system is made up of the 5EMA spanning the 40EMA. So, 40 and 5 are equivalent to 45, haha.
cheers,
Important posts to read:
1- http://www.forexfactory.com/showthre...12#post8012812
2- http://www.forexfactory.com/showthre...64#post8013064
3- http://www.forexfactory.com/showthread.php?p=8018101#post8018101
4- http://www.forexfactory.com/showthre...94#post8060494 ... Narrow entry.
5- http://www.forexfactory.com/showthre...70#post8059170
6- http://www.forexfactory.com/showthre...96#post8059196
7- http://www.forexfactory.com/showthre...68#post8051468 ...must read for junior members.
8- http://www.forexfactory.com/showthre...66#post8075666
9- http://www.forexfactory.com/showthre...44#post8241144 ...Correct stop loss location details.
10- http://www.forexfactory.com/showthre...74#post8241974 ...must be read and executed.
11- http://www.forexfactory.com/showthre...54#post8275254... TE List
12- http://www.forexfactory.com/showthre...82#post8281082... Hammertops pdf v5
























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