Greetings People, I'm Vee and I've been in Forex market for about 1.5 years now. I've sifted through tons of softwares, manuals and robots before finally settling down to one I began to trust. Forex community is huge and had been a great support and help for me so in return I want to share my winning strategy as a thank you gesture to the community.
A'right, now the system is not mine but I've Made a great deal of changes to it. I've actually used two great systems in it: [Dear Guest/Member you can't see link before click here to register] by George Smith; and [Dear Guest/Member you can't see link before click here to register] by Jason Sweezey. You might have heard about the authors or systems, might have tried it too but this is a combination of two. So take a look. I strongly recommend that you study the original course FX Trading Made EZ before moving on to this one.
I'll explain the strategy in parts, so its easy for you to follow.I only use this system on EURUSD and I have no idea how successful it would be on any other pair. The layout consists of 4 windows and each serves an important part.
Introduction
I only use this system on EURUSD and I have no idea how successful it would be on any other pair. There is a specific time to trade this strategy which is 2 hours after Frankfurt open and New York open. So its 0900-1100 hrs GMT +2 and 1500-1700 hrs GMT +2. Though markets open at 9 am, I'm at my computer at 8:45 am (5:45 pm for the New York session) so I can study the markets and stand ready when the markets open. Whenever I talk time it'll always be GMT +2 because that's my broker time so it is for most.
Talking of brokers, mine is [Dear Guest/Member you can't see link before click here to register] which provides very fast executions and spread is 1-1.5 pips. I suggest you change your broker if you have a spread more than 2 pips because its almost scalping.
The Setup
The setup consists of four windows, each plays an important role. I'll explain each window one by one in the order in which you have to study them before trading.
1. H1: First thing you do is look at the one hour chart of EURUSD, not that there's a lot of use for it but I still like to know whats going on on the bigger picture. This chart has two indicators from '1 hour forex' system which draws support and resistance lines accurate as hell, its a combination of Pivots and Fibonacci of previous days to draw S/R lines for the coming day. Along with that is Whole numbers like 3250, 3300, 3350, 3400, etc. I found that these numbers were treated as importantly as other S/R lines. From now on I'll call these lines "Lines". Later I'll explain the use of these lines in your trading. The last thing it has to offer is an indicator which displays upcoming news so you are aware of them, because if you're not, they may take you by surprise.
![Forex Trading Made Revisited H1_zps2b539b6d.jpg]()
2. M15: After looking at the H1 chart and the S/R lines for the day you move on to 15 minute chart which has only one indicator. The AVG indicator from George Smith. It averages out the range of up and down swings and projects next targets. In most type of markets, this one is accurate as hell too. What this chart will tell you is the bias for your next 2 hour session. There can be one of two possible latest entry to this log: Low or High. If its a Low and the markets haven't reached the projected target, the bias is UP. If it did reach the target, the bias is DOWN. Same goes for the High entry. If the market breached the target confidently, you don't trade for that session. For example, the latest entry on the image below is a High of 3587 with a target of 3538 which was reached a while ago so the bias would be now on the upside.![Forex Trading Made Revisited M15_zpsfb8a0e9e.jpg]()
3. Dual M5: The next up is a window shared by two charts of 5 minutes. One is a regular candlesticks with Stochastic (one line is hidden) and George's Latitude lines 5 pips apart along with a clock which tells the remaining time of the current candle (to time your entry precisely). Other is heiken ashi candlesticks with default MACD and an indicator to display current spread as it keeps changing. This is the window you trade on after you've looked at the lines or patterns on H1 and bias on M15.
![Forex Trading Made Revisited M5_zps48488665.jpg]()
Entry:
There are 4 triggers for an entry here, only two of them are required to initiate an order in the corresponding direction. They are color change of heiken ashi candle, color change of MACD bar, divergence on stochastic and a bounce from any line. Remember you need any two of them which are mostly the heiken ashi and Macd bar color change.
Exit:
After placing an order you immediately put on stop losses and take profits. If you go along the bias the SL is 8 and TP is 5 pips, if you go against the bias the SL is 5 and TP is 3 pips. You'll also trail your stops 0.5 pip (1 pip if you have a 4 digit broker) behind the low or high of decisive heiken ashi candles. And finally you buy after a sell order is completed and sell after a buy order is completed, ie you can't have two consecutive buy or sell signals.
![Forex Trading Made Revisited HeikenAshiCandles_zps5f2b31c0.jpg]()
Final Thoughts:
There are a lots of possible cases I haven't covered here, each of them has strict rules to deal with but I just want you to focus on the basics for now. Demo trade a bit and see if you like it. I'll be giving out updates every now and then on how to deal with different sorts of markets.
I won't discuss money management with you because its totally up to you and your account size.
I've attached the original indicator packages from George and Jason along with the Indicator package which you have to install.
Good luck!
A'right, now the system is not mine but I've Made a great deal of changes to it. I've actually used two great systems in it: [Dear Guest/Member you can't see link before click here to register] by George Smith; and [Dear Guest/Member you can't see link before click here to register] by Jason Sweezey. You might have heard about the authors or systems, might have tried it too but this is a combination of two. So take a look. I strongly recommend that you study the original course FX Trading Made EZ before moving on to this one.
I'll explain the strategy in parts, so its easy for you to follow.I only use this system on EURUSD and I have no idea how successful it would be on any other pair. The layout consists of 4 windows and each serves an important part.
Introduction
I only use this system on EURUSD and I have no idea how successful it would be on any other pair. There is a specific time to trade this strategy which is 2 hours after Frankfurt open and New York open. So its 0900-1100 hrs GMT +2 and 1500-1700 hrs GMT +2. Though markets open at 9 am, I'm at my computer at 8:45 am (5:45 pm for the New York session) so I can study the markets and stand ready when the markets open. Whenever I talk time it'll always be GMT +2 because that's my broker time so it is for most.
Talking of brokers, mine is [Dear Guest/Member you can't see link before click here to register] which provides very fast executions and spread is 1-1.5 pips. I suggest you change your broker if you have a spread more than 2 pips because its almost scalping.
The Setup
The setup consists of four windows, each plays an important role. I'll explain each window one by one in the order in which you have to study them before trading.
1. H1: First thing you do is look at the one hour chart of EURUSD, not that there's a lot of use for it but I still like to know whats going on on the bigger picture. This chart has two indicators from '1 hour forex' system which draws support and resistance lines accurate as hell, its a combination of Pivots and Fibonacci of previous days to draw S/R lines for the coming day. Along with that is Whole numbers like 3250, 3300, 3350, 3400, etc. I found that these numbers were treated as importantly as other S/R lines. From now on I'll call these lines "Lines". Later I'll explain the use of these lines in your trading. The last thing it has to offer is an indicator which displays upcoming news so you are aware of them, because if you're not, they may take you by surprise.
2. M15: After looking at the H1 chart and the S/R lines for the day you move on to 15 minute chart which has only one indicator. The AVG indicator from George Smith. It averages out the range of up and down swings and projects next targets. In most type of markets, this one is accurate as hell too. What this chart will tell you is the bias for your next 2 hour session. There can be one of two possible latest entry to this log: Low or High. If its a Low and the markets haven't reached the projected target, the bias is UP. If it did reach the target, the bias is DOWN. Same goes for the High entry. If the market breached the target confidently, you don't trade for that session. For example, the latest entry on the image below is a High of 3587 with a target of 3538 which was reached a while ago so the bias would be now on the upside.
3. Dual M5: The next up is a window shared by two charts of 5 minutes. One is a regular candlesticks with Stochastic (one line is hidden) and George's Latitude lines 5 pips apart along with a clock which tells the remaining time of the current candle (to time your entry precisely). Other is heiken ashi candlesticks with default MACD and an indicator to display current spread as it keeps changing. This is the window you trade on after you've looked at the lines or patterns on H1 and bias on M15.
Entry:
There are 4 triggers for an entry here, only two of them are required to initiate an order in the corresponding direction. They are color change of heiken ashi candle, color change of MACD bar, divergence on stochastic and a bounce from any line. Remember you need any two of them which are mostly the heiken ashi and Macd bar color change.
Exit:
After placing an order you immediately put on stop losses and take profits. If you go along the bias the SL is 8 and TP is 5 pips, if you go against the bias the SL is 5 and TP is 3 pips. You'll also trail your stops 0.5 pip (1 pip if you have a 4 digit broker) behind the low or high of decisive heiken ashi candles. And finally you buy after a sell order is completed and sell after a buy order is completed, ie you can't have two consecutive buy or sell signals.
Final Thoughts:
There are a lots of possible cases I haven't covered here, each of them has strict rules to deal with but I just want you to focus on the basics for now. Demo trade a bit and see if you like it. I'll be giving out updates every now and then on how to deal with different sorts of markets.
I won't discuss money management with you because its totally up to you and your account size.
I've attached the original indicator packages from George and Jason along with the Indicator package which you have to install.
Good luck!