Skip to main content

Bigrob trading system


Setting Up (on M15 Chart) :

- MA Crossover Alert ( set signal when 21EMA cross 50 SMA )
- SMA 96
- SMA 200
- EMA 21
- Trix Index

Entry Point rules :

Sell only when :

- MA cross signal pointing down
- Trix Index confirming to sell
- price below 96 SMA and 200 SMA.
- risk at the minimum. (price closest to MA)
- always Set SL : above the highest MA (dont take any order if the risk is over 50 pips)

Buy only when :

- MA Cross signal pointing up
- Trix index confirming to buy
- price Above 96 SMA and 200 SMA.
- risk at the minimum. (price closest to MA)
- always Set SL : below the lowest MA (dont take any order if if the risk is over 50 pips)

Close order Point :
- Close order point depend on individual expected profit. the higher the risk, the higher the profit this is the closing order condition from the lower risk to the riskier one
1. lowest risk : take profit @ 10-20 pips or set sl @ BE when the price already move 10pips, and close in the condition below
2. Close trade when price close above(if sell) or below (if buy) EMA 21
3. Close trade when trix index crosses
4, Close trade when MA crossover alert change direction
Labels:

Popular posts from this blog

Forex Trading Psychology -vs- Forex Trading Method

Did you ever see the movie The Italian Job, and if so do you remember when John Bridger asked: “You see those pillars over there, that’s where they used to string up thieves who felt fine.” Make the transition from paper trading to real money trading and you will feel FINE too – Freaked-out Insecure Neurotic and Emotional. And what a great analogy ‘string up’ is, because after all those months of paper trading winners are replaced with real money losses, that is exactly what you will feel like doing to yourself. The Trading Psychology Viewpoint No discussion about trading, or the consideration to begin trading, can be done without a harsh realization - the vast majority of all traders lose. It is said that the reason that most traders lose is because they are not psychologically prepared to trade, that is they are not prepared to accept financial risk for something of which they have no control over the outcome. Forex Trading is much more of a psychological problem then a methodologica...
Read more

Extreme TMA System

The market, like a pendulum, is a never ending sequence of extremes. It forever tries to reach the mean but never succeeds, constantly overshooting it´s mark, reversing and trying it again but always failing to reach balance. This system attempts to capture those extremes. It is a compendium of my understanding of the market, brought to it´s simplest expression. The principles are not complicated. The first indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the TMA Slope indicator will show us the relative change in the slope of TMA as compared to previous candles. It determines in which direction a trade must be placed and also shows divergences to price. For examp...
Read more

What's more important: Trading Method or Trading Psychology?

Ancient argument: What's determines success in trading: A successful methodology  Psychology and discipline?  Answer: BOTH! But this is not a "chicken or egg" dilemma. Clearly in this case method comes before mind. I don't care how much self-discipline you have. If you don't have a viable trading methodology, then you will lose money. So method is more important. Well, maybe "more important" isn't the right phrase to use. But it definitely comes first. The reason I say it may not be more important is because there are many valid trading methodologies available. Yet ironically, traders keep jumping from one method to another ... one indicator after another  one book after another  one mentor after another  one seminar after another  This is the infamous "search for the Holy Grail." Sorry ... doesn't exist. Like most things in life, people keep looking for the answer outside of themselves, w...
Read more