Trading system in a number of sources is defined as a set of rules for entering and exiting in market. For me, an effective Forex trading system is a set of rules that explain the movement of the market. Based on these rules, we open transactions. For example, my some rules in the chart may look like this:
Naturally, we will trade only in those moments when our rules are executed. That is, the more movements we find the explanation, the more we make profitable trades. In my trade, I am guided by the following rules:
1. I listen never and anyone. I believe only my eyes. For example, in the morning you read what the analyst tell, that the price of a given pair will grow. But she leisurely reduced trend and your TS (trading system) does not give a buy signal. So you should not be opened. In this case, you do not earn for analysis, but will not lose. Very often the market goes against conventional expectations.
2. Do not expect big profits. But expect the profit. We always hear about the transactions with a ratio stop and take at least 1: 2. For me minimum stop on Forex may not be less than 500 points.So, takeprofit must be 1000. Yes, the price may go very quickly, but rarely. Try simply to earn, without academic transactions, correct relations. Just do a plus. Let a small but steady.
I trade mainly on accounts Alpari ECN.MT4.
Trading time try to choose exactly highvolatility with low spreads. That is the European and US sessions. It is good time for intraday trading.
Main instruments - currency pairs this major currencies (USD, CAD, CHF, JPY, EUR, AUD, GBP), as well as some individual pairs with the US dollar.
The working volume of transactions is variability. It all depends on the strength of signals on a deal. Let's say I'm looking forward to the continuation of the trend movement, but is no absolute reversal of any currency is part of the quotation is not is overbought or oversold. Probably, in such situations, it is better not to open. But if you have the opportunity to open a small volume, calculating that the potential loss is always easy to be blocked further when trading even at a stronger signal, then why not take this opportunity at the lowest volumes. Although there was a reservation. If you want a lot of money, you have to take risks. Alas. Stability and a sharp rise in the concept malosovmestimymi. Risking recommend starting in those moments when 150 percent of your money are withdrawn.
As for the news account factors here in front of you should always be more or less fresh and high-quality economic calendar. Not recommended in the news open transactions more or less significant amounts to your deposit. It is possible to earn. But you can lose. In many ways, this is Russian roulette.
And now the main thing in my more or less effective system of trading in the Forex market. This is the technical part. Many say that it is possible, and to trade without indicators, purely on schedule. Noted levels, channels, and all ... To each his own. I can not do that. For me the main thing not where the price has come, but how she did it, with what characteristics. And there's no way of indicators.
As stated above, the basis trade is seven major currencies (USD, CAD, CHF, JPY, EUR, AUD, GBP). The first thing that is important to me is to determine and allocate a currency that is now overbought or oversold market. In these moments the possibility of trading them extremely interesting. Continue the current movement are hardly capable of a long distance, but to win back or take positions - completely. In these moments stop and take the ratio may be 1: To determine these points is an indicator National Prise Reversal. In his settings, choose the currency of interest, I look at the data of different timeframes and identifies potential currency for trade. In general, with him I have 2 identical Template for M5 and for H1. As soon as the currency becomes overbought or oversold, then 6 charts, where it trades with other major currencies, define the most favorable entry point to this deal.
Then I turn on the system already "one graph". Uses 3 exponential moving averages with periods of 20, 50, 200 to the closing prices. And another 4 moving averages. Two and a period of 144 and 169 with a period of two calculation methods are as follows:
1) Period: 144. Method of calculation: exponential. Price: close.
2) Period: 169. Method of calculation: exponential. Price: close.
3) Period: 144. Method of calculation: Linear Weighted. Price: Weighted Close.
4) Period: 169. Method of calculation: Linear Weighted. Price: Weighted Close.
They show the trend and it bidding as described several previously How to trade at a moving average. And then three oscillators and two dial indicator. Oscillators: ADX with standard parameters and Prise Reversal c periods of 14 and 6. The dial indicator: Turning point of price and TrendTrade:
After overbought or oversold currency is determined, now on the charts with her I find the most favorable point of entry to the relevant transaction. They give me exactly arrow Turning point of price (which determines the absolute turning point) and TrendTrade (defining point of the trend reversal), and use oscillators in order to see an even more complete picture of the market.
