The Hamburg Hop-a-Long | Forex Indicator Download - MT4/MT5 Resources
Do you just love the name?
This system will appeal to both new traders and experienced traders.
I do not like complicated indicators. In fact information overload is dangerous.
Trade my jumpers and enjoy consistent profits.
rule
1) Trade the 5m chart
2) Trade any currency pair
3) Place SMA 12
4) Place LMA 12
5) Hang out SMA 20 and only trade in the direction of this MA
6) Trade 12/12 Cross On Next Bar or Candle; avoid trades if huge move before entry.
7) Stop loss 10 from the top or bottom of the signal bar or candle (including the shadow line)
8) Profit target 10
9) For any currency pair with GBP, use 15 for both SL and TP
10) Watch the Forex Factory Calendar, not the trading reports!
11) 5% maximum risk
12) jump
Please do not ask me to put up charts. If someone would like to do so please do. I don't have time.
I will check in every day, usually late Eastern time, to answer questions.
Finally, especially for newbies, this system works, so don't complicate it. Set up a demo somewhere and trade until you can trust yourself.
*****Pull Back Rule******
http://www.forexfactory.com/images/icons/icon1.gif callback rules <br> Since I'm not doing anything right now, I might as well provide this callback rule for those who haven't figured it out yet.
When the pair is trending well... all MAs are in line, trade on pullback to 12 LMA. USE same SL and Profit targets.
When you have a nice trending market, this can feel like a steal!
Last edited by: Hamburg on May 10, 2009 at 2:37am (6 minutes ago) Reason: Misspelling
This system will appeal to both new traders and experienced traders.
I do not like complicated indicators. In fact information overload is dangerous.
Trade my jumpers and enjoy consistent profits.
rule
1) Trade the 5m chart
2) Trade any currency pair
3) Place SMA 12
4) Place LMA 12
5) Hang out SMA 20 and only trade in the direction of this MA
6) Trade 12/12 Cross On Next Bar or Candle; avoid trades if huge move before entry.
7) Stop loss 10 from the top or bottom of the signal bar or candle (including the shadow line)
8) Profit target 10
9) For any currency pair with GBP, use 15 for both SL and TP
10) Watch the Forex Factory Calendar, not the trading reports!
11) 5% maximum risk
12) jump
Please do not ask me to put up charts. If someone would like to do so please do. I don't have time.
I will check in every day, usually late Eastern time, to answer questions.
Finally, especially for newbies, this system works, so don't complicate it. Set up a demo somewhere and trade until you can trust yourself.
*****Pull Back Rule******
http://www.forexfactory.com/images/icons/icon1.gif callback rules <br> Since I'm not doing anything right now, I might as well provide this callback rule for those who haven't figured it out yet.
When the pair is trending well... all MAs are in line, trade on pullback to 12 LMA. USE same SL and Profit targets.
When you have a nice trending market, this can feel like a steal!
Last edited by: Hamburg on May 10, 2009 at 2:37am (6 minutes ago) Reason: Misspelling
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