Consolidation Buyer, System & EA
Integrate procurement systems,
This is a system with high potential, so first let me introduce it to you.
The system is based on using two things: price action and simple moving averages
This is the system in a nutshell..
(e.g. Long .. Inverse Short || EUR/USD)
TF = daily
1) Check if the 21 SMA is rising to determine the trend and confirm that the 21 > 50 SMA
2) Waiting for the internal day.. (internal bar)
Buy stop = the highest point of the inside line + 5 points
Stop loss = 50 pips
TP = 100 pips (twice the stop loss)
3) Do not move the order unless the new inside bar (rules 1 and 2 are still met), otherwise we will move the pending order.. and do not close your order unless rule 1 is broken
So you can see it's basically getting the non-greedy amount from the trend
(Backtest) You can browse the backtest to get a rough idea of the system. It shows working methods for over 10 years, even risking 5% per trade
This is where things get tricky.. Let's be honest.. there are a lot of crap systems out there.. This method is pretty cool so I'm sharing it with you so you can provide some results of your own.. In other words......
This method won't make you rich tomorrow morning.. or even years from now.. but it will certainly make you continue to make money.. so I share it with you so you have a model that will work for 10 years and be consistent. Perhaps some backtracking on how to go from being consistently profitable to quitting your day job to be profitable would be welcome.
I know I've scared off a bunch of people who will start looking for more systems.. good.. for those who stay, at least you'll be making good progress instead of a system that's only profitable for a certain period of time
I hope you find this system insightful in some ways,
NY
PS: EA, I provide EA.. You can set stop loss, take profit, percentage per trade and opening and closing time (taking into account about 9-18 mt4 time)
You can replace TF, but routine is really your bread and butter...
PSS: This system won't be traded very often.. so it's important to consider using it on other majors.. Then you can trade more often, more often.. Over time your ROI will be higher because you trade outside of EUR/USD etc.. Keep your money flowing.
This is a system with high potential, so first let me introduce it to you.
The system is based on using two things: price action and simple moving averages
This is the system in a nutshell..
(e.g. Long .. Inverse Short || EUR/USD)
TF = daily
1) Check if the 21 SMA is rising to determine the trend and confirm that the 21 > 50 SMA
2) Waiting for the internal day.. (internal bar)
Buy stop = the highest point of the inside line + 5 points
Stop loss = 50 pips
TP = 100 pips (twice the stop loss)
3) Do not move the order unless the new inside bar (rules 1 and 2 are still met), otherwise we will move the pending order.. and do not close your order unless rule 1 is broken
So you can see it's basically getting the non-greedy amount from the trend
(Backtest) You can browse the backtest to get a rough idea of the system. It shows working methods for over 10 years, even risking 5% per trade
This is where things get tricky.. Let's be honest.. there are a lot of crap systems out there.. This method is pretty cool so I'm sharing it with you so you can provide some results of your own.. In other words......
This method won't make you rich tomorrow morning.. or even years from now.. but it will certainly make you continue to make money.. so I share it with you so you have a model that will work for 10 years and be consistent. Perhaps some backtracking on how to go from being consistently profitable to quitting your day job to be profitable would be welcome.
I know I've scared off a bunch of people who will start looking for more systems.. good.. for those who stay, at least you'll be making good progress instead of a system that's only profitable for a certain period of time
I hope you find this system insightful in some ways,
NY
PS: EA, I provide EA.. You can set stop loss, take profit, percentage per trade and opening and closing time (taking into account about 9-18 mt4 time)
You can replace TF, but routine is really your bread and butter...
PSS: This system won't be traded very often.. so it's important to consider using it on other majors.. Then you can trade more often, more often.. Over time your ROI will be higher because you trade outside of EUR/USD etc.. Keep your money flowing.
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