The Skyplay System
Hello,
I like your approach. EMA should be safe trigger right?
Hello, I like your approach. EMA should be safe trigger right?
yeah thats right linuxser
Your system has potential.
Of course, as with any trading system, an strict following of the entry an exit rules is needed.
Breaking this rules of entry an exit will make lose up to your trousers no matter how successful is the system, for others.
Hello Traders
I want to share my system with you. I have been using it for at least 8 months and i can say its quiet impressive. you can back test and forward test to see for yourself.
Without Further ado, here's Skyplay System.
Best pairs to use EURUSD, GBPUSD
Pairs to avoid AUDUSD, YEN PAIRS
This system works best 1 Hour before the open of London Session (7am GMT) to 2pm GMT.
No Entries past 2pm GMT
SL 25 PIPS TP 20 PIPS
1Trade Per Day
Timeframes
1hr (shows trend)
5min (determines entry)
Indicators: 1hr:
Coral (settings x period = 20) - shows direction of trend
Breakout box - shows time range of trading
5min:
20EMA (Yellow) applied to HIGH
20EMA (Red) applied to LOW
MACD with alert
True Strength Indicator
Time Zone Trading Indicator
ENTRY
BUY
ON 1hr:
Coral indicator should be Green and Sloping Upwards
Time must be between 7am - 2pm GMT
On 5min:
MACD must show a long signal (green line above red line)
True Strength Indicator should be >0 (showing +ve value)
When a Candle closes above EMA20 HIGH (Yellow), buy at the open of next Candle
SELL
ON 1hr:
Coral indicator should be Red and Sloping Downwards
Time must be between 7am - 2pm GMT
On 5min:
MACD must show a short signal (red line above green line)
True Strength Indicator should be <0 (showing -ve value)
When a Candle closes below EMA20 LOW (Red), sell at the open of next Candle
Below are the indicators and Template
If we could come up with an ea for the system it could be so useful
Your feedback will be highly appreciatedlewism,
7am GMT is when London session is opening, and you mention that this is 1h before London opens.
Can you re-check your time and confirm that 7am GMT still good to start or it could be 1h before London opens which is 6am GMT?
Thanks.
lewism, 7am GMT is when London session is opening, and you mention that this is 1h before London opens. Can you re-check your time and confirm that 7am GMT still good to start or it could be 1h before London opens which is 6am GMT? Thanks.
sorry, i wrote the rules before DST i will correct that. 7am GMT is the start time
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Hello Traders
I want to share my system with you. I have been using it for at least 8 months and i can say its quiet impressive. you can back test and forward test to see for yourself.
Without Further ado, here's Skyplay System.
Best pairs to use EURUSD, GBPUSD
Pairs to avoid AUDUSD, YEN PAIRS
This system works best 1 Hour before the open of London Session (7am GMT) to 2pm GMT.
No Entries past 2pm GMT
SL 25 PIPS TP 20 PIPS
1Trade Per Day
Timeframes
1hr (shows trend)
5min (determines entry)
Indicators: 1hr:
Coral (settings x period = 20) - shows direction of trend
Breakout box - shows time range of trading
5min:
20EMA (Yellow) applied to HIGH
20EMA (Red) applied to LOW
MACD with alert
True Strength Indicator
Time Zone Trading Indicator
ENTRY
BUY
ON 1hr:
Coral indicator should be Green and Sloping Upwards
Time must be between 7am - 2pm GMT
On 5min:
MACD must show a long signal (green line above red line)
True Strength Indicator should be >0 (showing +ve value)
When a Candle closes above EMA20 HIGH (Yellow), buy at the open of next Candle
SELL
ON 1hr:
Coral indicator should be Red and Sloping Downwards
Time must be between 7am - 2pm GMT
On 5min:
MACD must show a short signal (red line above green line)
True Strength Indicator should be <0 (showing -ve value)
When a Candle closes below EMA20 LOW (Red), sell at the open of next Candle
Below are the indicators and Template
If we could come up with an ea for the system it could be so useful
Your feedback will be highly appreciated