The7 Trading System | Foreign Exchange EA Download- MT4/MT5 Resources
This is the trading system I have been using for the past 6 months and it works great. The idea is to "cut your losses and let the winners run." I only trade daily charts on dailyfx. It is a web-based diagram that allows for mobile. I only trade daily, but feel free to test it on different time frames.
Here are the rules: Don't trade just 1 pair. Use your money management and positioning wisely and leave room for as many currency pairs as possible. The point here is that we want winners to outperform losers.
Place a 5 EMA high and a 5 EMA low on the chart. Go short when the red candle closes within the channel and go long when the blue candle closes within the channel. The closing candle must open outside the channel to be a valid signal. Let it run until you see the opposite signal. Stop loss is the high/low of the last candle.
Let's get rolling...
Here are the rules: Don't trade just 1 pair. Use your money management and positioning wisely and leave room for as many currency pairs as possible. The point here is that we want winners to outperform losers.
Place a 5 EMA high and a 5 EMA low on the chart. Go short when the red candle closes within the channel and go long when the blue candle closes within the channel. The closing candle must open outside the channel to be a valid signal. Let it run until you see the opposite signal. Stop loss is the high/low of the last candle.
Let's get rolling...
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