Coensio's Revenge (CoensioBreakOut) trading system

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Chris
152
Chris  

Hello everybody,

I would like to share my newest trading system with you, which I've developed over the past months. I've put much effort in it, it has cost me many programming hours to make it all work, so I hope you will like it. The system is very profitable, but it requires some practice to master it. My goal was to make it as easy as it can be. So system uses 3 basic trading rules:

1. Always following the trend

2. Always respecting support and resistance levels

3. Always trading along with confluence of market events

Enter a BUY trade when

1. The market is trending up

- The few last bars (on the right) of the CCI trend detector indicator, located underneath the chart are green

- The RGB EMA lines are pointing upwards and ideally in a “R > G > B” formation

2. A resistance level has been compromised by the price

- The price is crossing one of the Resistance lines: Res1 (dark blue) or Res2 (lightblue)

- Or the price is crossing all RGB EMA lines at once within the same green candle

3. There is a “positive” confluence of several market events and ideally all confluence arrows are green and pointing upwards

Enter a SELL trade when

1. The market is trending down

- The few last bars (on the right) of the CCI trend detector indicator, located underneath the chart are red

- The RGB EMA lines are pointing downwards and ideally in a “R < G < B” formation

2. A resistance level has been compromised by the price

- The price is crossing one of the Support lines: Sup1 (red) or Sup2 (orange)

- Or the price is crossing all RGB EMA lines at once within the same red candle

3. There is a “negative” confluence of several market events and ideally all confluence arrows are red and pointing downwards

EA's manual can be downloaded here:

http://www.coensio.com/ea/CoensioBreakOutV03/CoensioBreakOutV03.pdf

Demo version of this EA can be downloaded here:

http://www.coensio.com/ea/CoensioBreakOutV03/GetCoensioBreakOutV03.php

So let me know what you think about this trading system.

Greets,

Krzysztof

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