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Thread: system

  1. #1
    Piplet FX TEACHER's Avatar
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    Default system

    The following system has been profitable system for me.

    Rules are likewise very simple but unlike the daily and weekly scalping systems, this system follows the trends:

    1. Create 60 minute GBP/JPY bar chart
    2. Create a 50 Period HIGH Linear Weighted Moving Average
    3. Create a 50 Period LOW Linear Weighted Moving Average
    4. Place LONG market entry order at the HIGH Moving Average
    5. Place SHORT marekt entry order at the LOW Moving Average
    6. Market entries occur at the exact moment that the price hits the market entry orders.
    6. Use 50 PIP STOP
    7. Adjust the LONG and SHORT market entry orders as the Moving Averages change.
    8. Market can get choppy during transition from LONG to SHORT and vice versa.

    That is it. Very simple. This system can be adapted to other markets but with smaller or larger Moving Averages.

    Learn as if you were going to live forever. Live as if you were going to die tomorrow.

  2. #2
    Piplet FX TEACHER's Avatar
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    Default

    Below is the charts

    (Please remove "other" brokers logo/name from platform image)
    Last edited by ilearn2t; 03-08-2012 at 11:18 AM.

  3. #3
    FXMalay Supporter arialun's Avatar
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    Default

    I still don't get it teacher;

    this is my sample chart on G/J on TF 1 H.
    Red line = 50 Period HIGH Linear Weighted Moving Average
    Green line = 50 Period LOW Linear Weighted Moving Average

    At which point should I place order Short or Long?
    Is it when the candle bar hits/crossover the Red or Green line?

    Please remove "other" brokers logo/name from platform image
    Last edited by ilearn2t; 03-08-2012 at 11:21 AM.

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    Default

    I think it will better if you put indicator like MACD and taking some profit there. If you open 4 you will close 1 of it and wait for another shot to close another. Oh yea where are you going come come.

  5. #5
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    Default

    Open Close Trending Hedge System Rules for GBPJPY

    25 period Linear Weighted Moving Average applied to Median price (HL/2) with +50 Level & -50 Level applied to a 1 hour chart (H1)

    Basic rules:

    1. Take long position when price goes through +50 level.
    2. Take short position when price goes through -50 level.

    Adjust SL hourly at +50 level if in long position
    * example: direction is north SL moved up to 25MA -50 every hour.
    Adjust SL hourly at -50 level if in short position
    * example: direction is south SL moved up to 25MA +50 every hour.

    ** Do not adjust SL against your current position.
    * example: in current long position and 25MA goes down.

    * Close current long position if price goes through -50 level and open short position
    * Close current short position if price goes through +50 level and open long position

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    Default

    Hedging rules:

    All of the above rules are the same except for the following changes.

    1. Only close a current position with the basic rules if your position is in positive or neutral pips.
    2. If your position is in negative pips, place an equal size position in the oposite direction at the +/- 50 levels to hedge your current position.

    ** Treat any hedge positions the same as you would with all other positions in the above rules.
    example: North bound hedge position goes positive and is still positive when the market reverses direction south below the -50 level. (only closing your north bound hedge position if your hedge position is + or neutral when your price goes below the -50 level as stated it the hedging rules above). You would close the hedge position at this time.

    *** Always have pending hedge in place to protect your current position if it goes against you.

    *** Don't place SL on your current position until it is in a positive territory. Protect your winnings.

    Adjustment on lot size rules:
    ** If you are using a flat % of your balance (ex. 2%) then adjust your positions when the price by adding additional lot size when the price goes through the +/-50 level.
    __________________
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    Default

    In the following positon, the trending direction was south on 3-27-07 at 9:00 gmt at 231.97. Short position was taken at this time (through -50 level).

    Trending position went long (through the +50 level) on 3-29-07 at 3:00. Short position closed with a 189 pip profit at 230.08 and a long position was taken at the same time.
    Attached Images
    Attached Thumbnails Attached Thumbnails open-close trending 3-27-07.jpg  

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    Default

    hi teacher...may i know what is the TP...is it 20-30 or more than 50???

    because when i draw the LWMA i can sometimes the price didnt go much to what we headed??....

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    Default

    hi teacher...may i know what is the TP...is it 20-30 or more than 50???

    because when i draw the LWMA i can see sometimes the price didnt go much to what we headed??....

  10. #10
    ceestech
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    Default

    Quote Originally Posted by dude_89 View Post
    I think it will better if you put indicator like MACD and taking some profit there. If you open 4 you will close 1 of it and wait for another shot to close another. Oh yea where are you going come come.
    addition of the bull or the bear power would greatly help in direction determination of the market.

  11. #11
    Market Maker ilearn2t's Avatar
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    Default

    Hello ceestech

    I'd love to know what became of FX TEACHER, or any chance you might apply some of your talents to continue this thread.

    As for me I'm more interested in arialun's image and the amount of successful "pin bar" trades.

    Good luck
    ilearn2t

  12. #12
    ceestech
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    Default

    Quote Originally Posted by ilearn2t View Post
    Hello ceestech

    I'd love to know what became of FX TEACHER, or any chance you might apply some of your talents to continue this thread.

    As for me I'm more interested in arialun's image and the amount of successful "pin bar" trades.

    Good luck
    ilearn2t
    @ ilearn2t
    I greatly love to but what i love to know is if i would b allow to start teaching from the very basic of forex like explaining the indicator, their functions and setup for i have come to understand why alot of people to not do well in forex is because the have no back ground knowledge of what these indicators are on their chart and their useage.

  13. The Following User Says Thank You to ceestech For This Useful Post:

    ilearn2t (03-03-2012)

  14. #13
    Market Maker ilearn2t's Avatar
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    Default

    Hello ceestech

    I'm just a member like yourself but I think that's what forums are for, so go for it.

    Good luck
    ilearn2t

  15. #14
    ceestech
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    Default

    Quote Originally Posted by ilearn2t View Post
    Hello ceestech

    I'm just a member like yourself but I think that's what forums are for, so go for it.

    Good luck
    ilearn2t
    you just a member? How come you have moderator attached to your profile.

  16. #15
    ceestech
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    Default

    am really afaird to take because i certainly would not want to be held for spamming even if i really would want to teacher forex from the start. I really with i could get the guidelines of what is regarded as spamming.

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