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FxMatixPro - 5M Intraday (FxMatixPro - 5M Intraday)

author EAcpu | 3 reads | 0 comments |

FxMatrixPro

Dear friends:

I posted this on another forum a few months ago...I found that people found this system interesting...so I shared and posted (actually copy>pasted) my system here too...
I have been using VoltyChannel_Stop_v2.1 for a long time... I found this indicator very effective in my manual system for EURUSD and GBPUSD 5 minutes... Works great for longs in uptrends and shorts in downtrends...

I call this system "FxMatrixPro"...all the indicators of my system are collected from different online communities and forums...so I thank all these forums...I renamed these indicators...hope the original owner doesn't mind...if anyone gets hurt by this please bear with me...

FxMatrixPro Why?
Trend is your best friend…I am a trend trader…but I take short trips…because my account size is small so I cannot afford huge losses or big SL…so, I accept maximum 10-20 SL per trade…I prefer TF 1M or 5M…because bigger TF > bigger SL > bigger losses… smaller TF > smaller SL > smaller SL losses… So, this system suits my needs and wants…. The whole purpose of this system is to capture and predict trends… Just look at all the images and you will see how easy it is to define a trend and predict the next trend or trend change….

Define trends (see introductory image)
In the "Introduction to the system" picture I have labeled all the indicators... Please read them carefully to understand the whole system... My first job is to define the trend correctly... How do I define the trend?

If the Standard Deviation Channel (SDC) is in an uptrend and the SMA (period 20 and OHLC/4) are in the same direction, then I call it an uptrend .... If the MA (trend Alex - at the bottom), FXTraderPro T or R (at the very bottom) and the different TF The other indicator (in the upper right corner) is green, I call it a pure uptrend ... and vice versa... I take trades when I am happy with the trend (see first image - pure example of good trading)... It does not have to be a pure trend... If it is a pure trend, I will act more aggressively by increasing the lot size... If I am not happy with the trend, or it is a conflicting trend, I will not take any trades...

Conflict Trends (See Conflict Trends chart and below)
When SCD is in an uptrend and SMA When you are in a downtrend, I call it a conflicting trend ….In this case it is better not to take any kind of trade….because it could be a sign of trend change…see examples….How do I avoid and predict the next trend….Also try to avoid trading when there is no trend or when you are in a range (see the last two examples or Image)…..but if you can predict the upcoming trend then take a tight stop….sometimes we may miss big waves by avoiding conflicting trends or ranges but don’t do it greedily…do the opposite…this may give you comfort…forex will always serve us…don’t be anxious…

Entries <br> I only take longs when I am satisfied with the uptrend and the Volty Channel Stop (VCS) gives me a white circle...but before I take action I look at what is happening with the 1M TF...in the 1Min TF I have to let the VCS go up...if the VCS goes down then I wait for the next white circle to appear in the 1M TF to take my longs...and vice versa...

Exit <br>With 5M TF, I set SL 10-15 and then exit my position on the next signal...if I take a long time, I exit when the red circle appears in my 5M TF...and vice versa...sometimes I trade with SL 10, PT 10 and lot size 0.1...then I start increasing the lot size like 0.2, 0.4, 0.8 etc. until I reach my PT 10...but I recommend you to do this only after you are familiar with the system...However, this strategy is also very effective...because the win/loss ratio is good...

Conclusion <br> It is a very simple system for small traders….almost 7 out of 10 trade clicks….because you are catching the trend but taking a short journey…..it is like catching some moments of the trend….the system will tell you if the trend is up, down or range….you will act accordingly….Haikin Ashi will help you not to panic….don’t use this system in small TF for high spread trading…..if you are using it for high spreads use 20 SL….you can try on all timeframes…..works well on all timeframes…..but adjust your SL according to your TF….I found that for 1H TF using 25 SL and 25 TP works well….try it, this system will not let you down…..believe me it won’t….

Remember one thing, if you are not happy with the trend, don’t trade…don’t fight the trend or the market…go with the flow…and don’t get emotional…listen to your brain and not your heart…this system will help you do that….

Always always always remember - no trade is part of trade


TF
5M or 15M or 30M or 1H

long
SDC = Uptrend
SMA = Uptrend
VCS = white circle if pure uptrend = high risk on large volumes (optional)

short
SDC = Downtrend
SMA = Downtrend
VCS = red circle if pure downtrend = high risk and large lot size (optional)

quit
IF long = red circle IF short = white circle
Or

MM
With 10-15 SL and 10-15 PT (optional)


Happy trading and thank you for reading

Kind regards poisonous
01.IntroofSystem.gif02. Don't Trade.gif0.3 What Happened.gif0.4 Ranging.gif
01.IntroofSystem.gif02. Don't Trade.gif0.3 What Happened.gif0.4 Ranging.gif
01.IntroofSystem.gif02. Don't Trade.gif0.3 What Happened.gif0.4 Ranging.gif
01.IntroofSystem.gif02. Don't Trade.gif0.3 What Happened.gif0.4 Ranging.gif
01.IntroofSystem.gif02. Don't Trade.gif0.3 What Happened.gif0.4 Ranging.gif
01.IntroofSystem.gif02. Don't Trade.gif0.3 What Happened.gif0.4 Ranging.gif

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