I'm in the process of developing a system I call it Bones as in (bare bones)
MACD Traditional (setting as per indicator)
Stochastic (20, 5,5)
If 3 of the 4 indicator have shown there signals and are in sync then enter a position.
MACD long signal = ma crossed below the 0 line and 1 histo above the 0
Stoch long signal = crossed below the 20
CCI long signal = line crossed the 0 line
QQE long signal = Rsi crossed above the atr ?
Vice versa for short
MM is as per attached excel sheet
I have just open a live micro account with Lite FX to see how thing go.
Have a look and let my know what you think
I will attached the indi's and the template on the next post.
Where is your template?I didn't find it in the archive ......
Sorry about that
what about exit rule?
Forex Indicators Collection
I use multiple
I use the SL and the trailing sl but as a potential target I use the exit calculation which is based on the SL multipled by the ME. but thats the mechanical side if thing.
I will also exit on a reveral signal
My current position are currently up a few dollars not a lot but it's a start.
The Sl and TP are based on the MM excel sheet with 2 signal
Here are the indi's and my MM system.
Please keep in mind that this is all still early days so any input/ feedback is welcome be it good bad or ugly.
This is a very easy system to follow and you can use a lot of discretion.
I am using a 4hr Time Frame and have 28 pairs to monitor it sound a lot but you would only get about 4 to 5 signal a day.
If a coding wiz kid want to give it a crack feel free.
I have been running a signal only system on my vt account and that seems to be doing ok.
The mm is an DDE and work with liteFX set your own Draw Down
I am change brokers due to being in requote hell my record is 9 not funny.
Any way have fun and good luck
currently watching GBPCHF for a sell
Here are my current positions on the demo account.
I placed a few bad positions early on but it's looking ok for now.
I missed the EURGBP buy signal this morning but it will be there again.
is anybody trying this.
Hey, nice discussion. I want to know more about exit rule . Please describe it for me.
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