Hi,
I'm new here. I want to give you something. Look at this chart:
I describe below how to use this system.
To open the long position, you must meet few expectation:-
the light blue up arrow must appear below the bar and it must stay there to the moment of the bar closing (we open the position on the opening the next bar)
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the colored Moving Average which is seen in the background of the bars MUST be green
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the first indicator (1) in the bottom part of the window should be above the 50 level or cross it up
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the second indicator (2) in the bottom part of the window MUST be green
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the initially stop we establish on the level of blue "trailing stop" indicator or 20 pips below the bar on which the signal appeared (if the "trailing stop" will be closer than 25 pips from the opening)
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we trail the stop loss according to the indicator on the chart
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all the positions (included those we leave during the night) we protect with the stop loss order
To open the short position we do inversely to the steps above:
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the purple down arrow must appear and must stay there to the bar closing (we open the position on the opening the next bar)
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the colored MA which is seen in the background of the bars MUST be purple
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the first indicator (1) in the bottom part of the window should be below the 50 level or cross it down
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the second indicator (2) in the bottom part of the window MUST be red
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the initially stop we establish on the level of red "trailing stop" indicator or 20 pips above the bar on which the signal appeared (if the "trailing stop" will be closer than 25 pips from the opening)
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we trail the stop loss according to the indicator on the chart
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all the positions (included those we leave during the night) we protect with the stop loss order
We close the position in case when one of following will appear:
* the colored MA will change the color
* the signal to take the opposite position will appear
* the bottom indicator (2) will change the color
* the price action will meet the stop loss level
The bottom indicator works as a filter and do not allow to obtain the position without confirmation the trend by changing the color. This filter of failed signals may help us stay calm and potentially save a lot of money.
It's simple and profitable system. This strategy gives you clear entry and exit signals.
Chart you can see at our website. It's FREE.
The chart is automatically refreshed after 2 hours (it's enough to use this strategy) between 8:00 AM to 8:00 PM (CET time). Feel free to use it and take your pips from us. 