My Imran Lite System (My Imran Lite System) - MT4/MT5 Resources
Thanks to Imransait for the great system, as this is a variation of his system that I use to suit my trading personality. warn! ! This is a more discretionary trading style and is on a 1 million chart, so before trading any style in the scalp variety, do a demo trade before trading live, and if trading live, use small lot sizes until you are ready and confident to trade larger lots.
My Trading Style I am an aggressive trader and need to feed my hyperactive nature by trading heavily and hard 4 to 6 hours a day. This trading style is only suitable for traders who can exchange small losses for small gains and large gains. There will be losses and wins.. With good money management, you can win in Forex! My execution rate is 60% to 80%, depending on the market conditions that day!
Now for the main part of the system I use!
Very simple! I'm in the KISS group. Keep it simple silly! If my nephews and nieces could trade. You know this is already a good system! As far as I know, my charts used to look more like a psychedelic trip than a trading chart!
index
0.80 set paint finish
20 and 60 EMA (Exponential Moving Average)
Paint finish grades are 0.90, 0.45 and 0.10
trading hours
London opens to New York closes, but the best trading time is when New York and London overlap, this is my daily trading time, I start trading 2 hours before New York opens until London closes. Don't trade the news! Exit all trades 30 minutes before breaking news and re-enter the market 30 minutes after breaking news. Use the Forex Factory Calendar to keep track of these events and times.
trading pair
1 minute chart EUR/USD and EUR/JPY
Rules Enter long on Laq cross at 0.10 or enter long on Laq cross at 0.45 Go short when Laq cross is at 0.90 or go short when Laq cross is at 0.45 The best setup is when Laq crosses 0.10 if the price is above 20 and 60 then it indicates a long trade, conversely for a short trade you want the price to be below 20 and 60 EMA To get the best short setup. If the 20/60 EMA crossover appears as a laq signal to go short or long, it means a good trade setup.
Stop Loss and Take Profit
Very important! Stop losses are 8 to 10 pips for EUR/USD and 10 to 15 pips for EUR/JPY, depending on the liquidity of the market that day, I would be cautious with my stops. I will profit as follows. I trade 2 lots. The first batch I took profit at 3 pips on EUR/USD and 5 pips on EUR/JPY, the second batch is now set to exit at 0 or on laq cross to 0.90 for long trades and 0.10 for short trades. You will get different amounts in the second batch, sometimes 0 and sometimes 40 to 50 depending on the market that day. Some days you'll get a lot of deals, some days less. Very important for stop loss, the spread is built into the stop loss! !
Everyone is welcome to contribute! This is not going to become an administrative account or a system of boxes for the public good. This is to educate and help other traders. Free! ! ! There's no reason for me to sell one to the public if I can make money trading it!
Lots of points for everyone!
My Trading Style I am an aggressive trader and need to feed my hyperactive nature by trading heavily and hard 4 to 6 hours a day. This trading style is only suitable for traders who can exchange small losses for small gains and large gains. There will be losses and wins.. With good money management, you can win in Forex! My execution rate is 60% to 80%, depending on the market conditions that day!
Now for the main part of the system I use!
Very simple! I'm in the KISS group. Keep it simple silly! If my nephews and nieces could trade. You know this is already a good system! As far as I know, my charts used to look more like a psychedelic trip than a trading chart!
index
0.80 set paint finish
20 and 60 EMA (Exponential Moving Average)
Paint finish grades are 0.90, 0.45 and 0.10
trading hours
London opens to New York closes, but the best trading time is when New York and London overlap, this is my daily trading time, I start trading 2 hours before New York opens until London closes. Don't trade the news! Exit all trades 30 minutes before breaking news and re-enter the market 30 minutes after breaking news. Use the Forex Factory Calendar to keep track of these events and times.
trading pair
1 minute chart EUR/USD and EUR/JPY
Rules Enter long on Laq cross at 0.10 or enter long on Laq cross at 0.45 Go short when Laq cross is at 0.90 or go short when Laq cross is at 0.45 The best setup is when Laq crosses 0.10 if the price is above 20 and 60 then it indicates a long trade, conversely for a short trade you want the price to be below 20 and 60 EMA To get the best short setup. If the 20/60 EMA crossover appears as a laq signal to go short or long, it means a good trade setup.
Stop Loss and Take Profit
Very important! Stop losses are 8 to 10 pips for EUR/USD and 10 to 15 pips for EUR/JPY, depending on the liquidity of the market that day, I would be cautious with my stops. I will profit as follows. I trade 2 lots. The first batch I took profit at 3 pips on EUR/USD and 5 pips on EUR/JPY, the second batch is now set to exit at 0 or on laq cross to 0.90 for long trades and 0.10 for short trades. You will get different amounts in the second batch, sometimes 0 and sometimes 40 to 50 depending on the market that day. Some days you'll get a lot of deals, some days less. Very important for stop loss, the spread is built into the stop loss! !
Everyone is welcome to contribute! This is not going to become an administrative account or a system of boxes for the public good. This is to educate and help other traders. Free! ! ! There's no reason for me to sell one to the public if I can make money trading it!
Lots of points for everyone!
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