Place:
Simple Moving Average (SMA) 100
Damiani Volatmeter 10.60 .1.4 (download Damiani volatmeter here)
MACD-15, 10.4
the 4 hour chart
The couple EURCHF (have the volatility level of being and not being stuck between the news, though it reacts a bit but could is worth checking the other partner)
System Rules
Length:
Take the old trade when the price closed above 100 HIGH SCHOOL and the histogram MACD is above the line 0.
Brief:
Take the short trade when the price closed under 100 HIGH SCHOOL and the MACD is below the line 0.
Re-entry:
When the price, once had given signals long or short, retraces back to 100 high school, re-enter the direction you go the first time. It is recommended to do so with a 2-time first price hits 100 HIGH SCHOOL and kept an eye on afterwards.
Browse entries:
When the bar is over 100 pips, wait retracement for the HIGH SCHOOL happened to line 100 and then sign in. This will save you from drawing does not need to go down.
Out rules
Scaling:
Take 3 positions per trade. The first 40 TP Set, 2 TP to 70 and let the third run with loss at break even.
Stop loss:
1. the previous high/low or what you call as support and resistance.
2. Indicator AutoPivot. Use only option downloads in it and the appropriate place to stop.
Filter
This is a trend following system, and had it bad days. To avoid getting stuck in a range, use the indicator Volatmeter. It is, by far the best indicator to help detect the market started the trend. In watching the volatmeter indicators when it crosses the white line above the Green, this means the initial coverage of the market or have entered into it. When crossing the green line above the white line, entry to the market trends, this is what we are looking to take the position of short or long position.
For example, one trade hits target first, move the position of the two break-even and leaving a third like that. When the position was hit, the move to-3 to break even, giving sufficient trading room to breathe. Then look for prices to come back, to add to the position, if open. At the time, when the price back to 100 high school, can stopped out at break even, has given 100 pips in 2 positions.
The blue box is the main entry and yellow, you can see, is re-entry.
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