Forexstrong 15/5 m System(Forexstrong 15/5 m System)

Good morning everyone! I share this simple system in the hope that it will help some of my fellow retail traders glean some points and maybe even inspire some creative ways to improve this system. This system has been through some rigorous back testing and has been consistently profitable for me in live trading.

set up:
· 5-minute chart (main system chart)
· 10 SMA high
· 8 SMA low
· Parabolic SAR by default



rule:
Entry: 2 candles closing above/below the previously explained SMA channel. The 15-minute stochastic indicator is mainly used to filter trades.
Stop loss: should never exceed 20 pips
Exit: Parabolic SAR Trailing Stop.



Things to note:

1. · Trade US/London overlap only. I personally start trading one hour before the market opens at 6am CST. Regardless, I find this to be the "sweet spot" for EUR/USD or GBP/USD. I'm sure this is nothing new to you.

1. · Only trade EUR/USD or GBP/USD. These are the only two I've backtested. GBP/USD is more profitable, but the drawdowns are also bigger.

1. · The accuracy of the strategy is about 40%. Every two weeks you will see at least one trade above 50 pips.

1. · Do not initiate trades after 10 a.m. Central Standard Time.
2. Be wise and stop trading on Monday!

Final note - backtest it, I guarantee you'll like the results. You can even start to get more aggressive and sense when big moves are coming.