Easy 15, PA-based system (Easy 15, PA-based system) - MT4/MT5 resources
Hi guys!
So I decided to share my new system with you all so we can help each other and learn from other people's successes and mistakes.
About Me: I have been trading Forex for about two years and am still learning and improving. I tend to be impulsive and don't follow the rules so I will post all my trades here, winners and losers, and teach myself to follow the rules
system
The system is based on PA, but also incorporates some useful indicators. It is only used for 15 minute TF and has been tested against EURUSD. I'm not saying it won't work with other pairings, but this is what I'm most concerned about.
rule
Buy:
We wait for the London kick-off as that's when most of the action starts to happen. We wait for the candle to break above the EMA forecast and close above it. Let's call this candle the "Jumper" We want the next candle to be above the high of the jumper while we look at the TDI. We are looking for the RSI price line (green line) to be above or crossing the market base line (yellow line).
TP and SL can be decided by you. I usually set SL at 20 points and move it to BE after 10 points. TP depends on PA and can be 10pips and above. This is where studying PA comes in. If we see a bounce from a trendline or round number we will consider exiting, if not we will stay and collect more points
index
-TDI red and green
-EMA forecast 2.1
-200 Exponential Moving Average
- Market time indicator
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