Andrew Forex Trading System
Currency pair: any, but better cross-pairs that give good trends.
Time frame: any, but usually 4-hour
Indicators: supertrend, nonlagdot (value: 20)
Buy: a dot of Nonlagdot changes from red to blue. At the same time dots of nonlagdot should be above the Supertrend line. Also the Supertrend line should be green. A position should be opened by execution of a pending order. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when closing price is lower than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then buy. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to red, the order shoud be canceled.
Sell: a dot of Nonlagdot changes from blue to red. At the same time dots of nonlagdot should be under the Supertrend line. Also the Supertrend line should be red. A position should be opened by execution of a pending order. The order is placed on the lower point of the market extremum, which is formed after the first rebounce of the market upward (when closing price is higher than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then sell. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to blue, the order shoud be canceled.
Market entries without placing pending orders are not recommended.
Pending orders for market entries are placed with the regard of the amount of the spread and additional 3 pips.
I exit when:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
2. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.
Stop-loss is set:
1. On Supertrend line, or
2. Below near price swing, or
3. Under (over) the closest extremum of the market, which exceeds the Supertrend line in the opposite direction.
Stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.
The following money management is recommended: either not more than 10% of the capital per trade, or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.
Adding is recommended solely to profitable positions after the regular change of Nonlagdot color in the direction of the current trend.Hi Mr. Andrew,
Thank's for your strategy trading that your share Sir'.
Can you share indicator's that your are using like in your strategy Sir ???
I just want to try follow your strategy completly.
Thank you so much for your kindness and helping.
Best regards,
Paulinge
Mr.Paulinge, I have just edited my first post by adding the indicators (Supertrend and Nonlagdot) and also the template.
Thanks for sharing your trading sys!
Mr.Paulinge, I have just edited my first post by adding the indicators (Supertrend and Nonlagdot) and also the template.
Thank you so much Mr. Andrew,
I will try your strategy.
Best regards,
Paulinge
Presentation of the aggressive version of my trading system "Andrew Forex"
Dear friends! I am glad to represent you an aggressive version of my trading system Andrew Forex.
Currency pair: any, but better cross-pairs that give good trends
Time frame: any, but usually 4-hour
Indicator: Supertrend
Buy:
a) when a Supertrend line is green.A position should be opened by the execution of a pending order. The order is placed on the upper point of the first candle (bar) which is closed above the Supertrend line.
b) when a Supertrend line is red*. A position should be opened by the execution of a pending order. The closing price should be going above the Supertend line. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when the closing price is lower than the previous one). That is one should wait untill the price exceeds the point of upper extremum, and only then buy. However, if the price fails to exceed the level of extremum, one should wait. After the formation of a new point of the market extremum, the order should be moved to that point.
*Annotation. If the color of the Supertrend line is changed from red to green until the actual entry into the market, the order should be placed on the upper point of the first candle (bar) which is closed after such a change of the Supertrend line color from red to green.
Sell:
a) when a Supertrend line is red. A position should be opened by the execution of a pending order. The order is placed under the lower point of the first candle (bar) which is closed under the Supertrend line.
b) when a Supertrend line is green*. A position should be opened by the execution of a pending order. The closing price should be going under the Supertend line. The order is placed under the lower point of the market extremum, which is formed after the first rebounce of the market upward (when the closing price is higher than the previous one). That is one should wait until the price exceeds the point of the extremum, and only then sell. However, if the price fails to exceed the level of the extremum, one should wait. After the formation of a new point of the market extremum, the order should be moved to that point.
*Annotation. If the color of the Supertrend line is changed from green to red until the actual entry into the market, the order should be placed on the lower point of the first candle (bar) which is closed after such a change of the Supertrend line color to red.
Market entries without placing pending orders are not recommended.
Pending orders for market entries are placed with the regard of the amount of the spread and additional 3-5 pips.
Pending orders can be cancelled after the change of the color of the Supertrend line or after placing the pending order in the opposite direction.
I exit when:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
2. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.
Stop-loss is set:
1. Under (above) the extreme point of the signal candle (bar), or
2. Under (above) the nearest extremum of the market, which exceeds the Supertrend line in the opposite direction, or
3. On a Supertrend line, or
4. Below the nearest price swing.
A stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.
The following money management is recommended: either not more than 10% of the capital per trade with the regard of the assets diversification (not more than 1% for one currency pair per one trade), or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.
Adding is possible solely to profitable positions after the each rebounce in the direction of the current trend.
Very well thought out trading system. Thanks for sharing.
Welcome Andrew. Look forward to giving your aggresive version a test drive.
Hi Mr Andrew,
Such a great system...thanks a lot.
Regards,
fourzey
Thanks for sharing Andrew!
Is the nonlagdot really nonlagging??? Does it give a signal pretty right on the dot?? If the TF is 4H, does it give the signal immediately at 00:00 or 04:00? Or several minutes afterwards? TIA!
Thanks for sharing Andrew! Is the nonlagdot really nonlagging??? Does it give a signal pretty right on the dot?? If the TF is 4H, does it give the signal immediately at 00:00 or 04:00? Or several minutes afterwards? TIA!
neither Nonlagdot indicator, nor Supertrend indicator lags except for the current candle as well as in all others indicators (i.e. Stochastic, RSI or Moving average). That is if the current candle does not end its forming, the indicator could change its signals. But when the current candle is closed, so, the indicator fixes the price movement correctly.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Currency pair: any, but better cross-pairs that give good trends.
Time frame: any, but usually 4-hour
Indicators: supertrend, nonlagdot (value: 20)
Buy: a dot of Nonlagdot changes from red to blue. At the same time dots of nonlagdot should be above the Supertrend line. Also the Supertrend line should be green. A position should be opened by execution of a pending order. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when closing price is lower than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then buy. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to red, the order shoud be canceled.
Sell: a dot of Nonlagdot changes from blue to red. At the same time dots of nonlagdot should be under the Supertrend line. Also the Supertrend line should be red. A position should be opened by execution of a pending order. The order is placed on the lower point of the market extremum, which is formed after the first rebounce of the market upward (when closing price is higher than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then sell. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to blue, the order shoud be canceled.
Market entries without placing pending orders are not recommended.
Pending orders for market entries are placed with the regard of the amount of the spread and additional 3 pips.
I exit when:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
2. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.
Stop-loss is set:
1. On Supertrend line, or
2. Below near price swing, or
3. Under (over) the closest extremum of the market, which exceeds the Supertrend line in the opposite direction.
Stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.
The following money management is recommended: either not more than 10% of the capital per trade, or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.
Adding is recommended solely to profitable positions after the regular change of Nonlagdot color in the direction of the current trend.