SwingSpot Progressive System (The SwingSpot Progressive System)

Hello and welcome to this topic. I was debating whether to put it on the forum because I wanted to make it commercial, but then decided not to. I have always been a proponent of long-term trading for many reasons, like earnings swaps, less whipsaws, less screen time, etc... I really wanted to develop a simpler daily system and published a few, but they are decent at best, meaning they have a very good structure and the ability to generate profits, but are either too financially dependent (huge initial account) or have some inherent flaws that cannot be corrected properly and end up in Forex factory "limbo", as I call it, never to be seen again.

After starting a few trades for friends and family, I quickly realized I needed a daily system so I could have time to devote to my other businesses and my family. Therefore, I came up with the SwingSpot Progressive Daily System.

components

The first two indicators, Laguerre and Trend Force, I have used as entry points in other systems before. This time they helped me scale my exit.

The next two indicators (SwingSpot Pro and SwingSpot Trigger) are indicators that I modified to fit this strategy. The SwingSpot trigger is a modified version of the ZigZag indicator and is used to display all positions of the arrow before the actual move occurs (because ZigZag redraws). As we all know, there is no use in redrawing an indicator which simply alerts us or "triggers" the possibility of an upcoming trade, nothing more and nothing less. SwingSpot Pro is a modified version of the SuperGain indicator and is actually used to initiate trades.

I also added another indicator called Spread/Swap Monitor. It tells us what the spread, buy swap and sell swap rates are on the chart. Since we are looking for deals with positive swaps, this will be very convenient so you don't have to keep checking MarketWatch to check swap rates.

I also added 2 templates. SwingSpot Pro 1 is a more radical version of SwingSpot Pro 2, which I use in my trading and published examples.