Basically the idea is :
I Use Moving average of Oscilator (OsMA ), Force, Parabolic SAR, at 1H EURUSD ONLY. The values are :
1/ Moving average of Oscilator - Slow MA=35, FAST MA=12, MACD SMA=9
2/ FORCE - 160, Simple, Close
3/ SAR - SarStep=0.01 SarMax=0.2
Target Profit is set to 300 pips, Trailing Stop = 75 pips!
BUY when OsMA is crossing upwards the 0.001 value if FORCE > 0 and SAR value < Current Price and the last 5 bars (hours) move was less then 100 pips !
SELL - vice versa.
CLOSE LONG - If SAR Value > Current price and Force <0
CLSOE SHORT - vice versa!
When Closing Long - if Force < 0 opens short position with twice the size of the previous position!
When Closing Short - vice versa!
Awlays I use not more than 5% of the equity to open position.
(5% is the current defaut value), so in certain cases I will be exposed with a maximum 10% of my account ( the rule where I open poition oposit to the previously closed with twice the size)
I use Trailing stop = 75 pips on a specific way. When the price goes in my direction with 75 pips I move the stop loss with 75/2 = 37 pips from the opened level and so on until the position is closed by the a.m. rules or the profit target is hit...
That is it - pretty simple!
The code for MetaTrader
Ivan_ma
1.Enter Long:
If today ATR (2) more then yesterday and yesterday ATR (2) is less then the one 2 days ago, and today's close higher then open, then enter tomorrow on stop at the high of today's bar.
2.Enter Short:
If today ATR (2) more then yesterday and yesterday ATR (2) is less then the one 2 days ago, and today's close lower then open, then enter tomorrow on stop at the low of today's bar.
3.Stop loss:
Low ( for long ), or High ( for short ) of today's bar
3. Exit
Exit trade either by stop loss, reverse sygnal, or on the first profitable close.
That's it nothing more. Really simple and really effective.
For example scinse jan. 1 of 2004 on EUR/USD it prodused 7 trades ( 3 long, 4 short ) , all are winners for the total of +754 pips.
The system is based on the fact that each time after volatility "shrinks" , it allways expends to some extend and we are able to catch those "expantion" moves.
Share YOUR story!How did you start trading?
Monday, October 29, 2007
"Daniella" System
Posted by Forex at 7:18 AM
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