Swef System | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
This is the latest version of this method.
This thread has been changed a few times since it started, so I've been asked to save you some time by continually posting the latest methods on this #1 post.
Swef system by Fxstu
1. All trades are based on the highest or lowest price of the candle that just closed. I use GBPUSD, but any currency pair seems to work.
2. If the range of the trigger candle is less than 90 pips, then I will not place the trade.
3. I use daily charts. Before I start a series of trades, I write down the equity level in my account on a piece of paper. Ideally, the order is placed at the moment a new candle starts. However, since I don't always get up at midnight, the next morning is fine.
long head
The MACD of yesterday's candle must be above zero. Yesterday's candle close must be above the 10 EMA
Yesterday's close - LSMA must be in the green.
We enter a long position at the lowest price of the candle that just closed.
Profit 100.
I only buy when the 10 EMA is above the LSMA
There is no stop loss, but if the equity of the entire account is 500 lower than my equity on paper, then I will close all trades.
shorts
The MACD of yesterday's candle must be below zero.
Yesterday's candle must close below the 10 EMA.
Yesterday's close - LSMA must be red.
We go short at the highest price of the candle that just closed.
I only sell when the 10ema is below the LSMA.
If I have 5 pending transactions, then I cancel the oldest pending transaction. Therefore, the maximum number of pending transactions is 4.
If MACD is above zero, all pending sell trades will be cancelled.
If MACD falls below zero, all pending buys are cancelled.
If the LSMA is red, I cancel all pending buy signals - if it is green, I cancel all sell signals.
Every day at 4pm London time, I turn on my computer and if my equity is higher than the amount written on the paper, then I close all open positions and cancel all pending orders.
Optional additional rules.
We can trade Swef by opening two lots every time we receive a signal.
We closed the first batch as per normal rules.
We can set batch number 2 to break even (optional)
When the trend of LSMA goes against our No. 2 lot trade, we will close the No. 2 position.
This thread has been changed a few times since it started, so I've been asked to save you some time by continually posting the latest methods on this #1 post.
Swef system by Fxstu
1. All trades are based on the highest or lowest price of the candle that just closed. I use GBPUSD, but any currency pair seems to work.
2. If the range of the trigger candle is less than 90 pips, then I will not place the trade.
3. I use daily charts. Before I start a series of trades, I write down the equity level in my account on a piece of paper. Ideally, the order is placed at the moment a new candle starts. However, since I don't always get up at midnight, the next morning is fine.
long head
The MACD of yesterday's candle must be above zero. Yesterday's candle close must be above the 10 EMA
Yesterday's close - LSMA must be in the green.
We enter a long position at the lowest price of the candle that just closed.
Profit 100.
I only buy when the 10 EMA is above the LSMA
There is no stop loss, but if the equity of the entire account is 500 lower than my equity on paper, then I will close all trades.
shorts
The MACD of yesterday's candle must be below zero.
Yesterday's candle must close below the 10 EMA.
Yesterday's close - LSMA must be red.
We go short at the highest price of the candle that just closed.
I only sell when the 10ema is below the LSMA.
If I have 5 pending transactions, then I cancel the oldest pending transaction. Therefore, the maximum number of pending transactions is 4.
If MACD is above zero, all pending sell trades will be cancelled.
If MACD falls below zero, all pending buys are cancelled.
If the LSMA is red, I cancel all pending buy signals - if it is green, I cancel all sell signals.
Every day at 4pm London time, I turn on my computer and if my equity is higher than the amount written on the paper, then I close all open positions and cancel all pending orders.
Optional additional rules.
We can trade Swef by opening two lots every time we receive a signal.
We closed the first batch as per normal rules.
We can set batch number 2 to break even (optional)
When the trend of LSMA goes against our No. 2 lot trade, we will close the No. 2 position.
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