The Core:
Always Buy on Pullback. Because it entitles you a lot more chance to breakeven when price go sourly ranging.
Who should be trading this strategy?
You. Or your daddy. Or Grandpa Mac.
What are my not-to-lose chances with this system?
As high as 90%. I have done real time trading with this system for nearly half a year. In good a month I got 20+ winners, 10+ BEs and 5 losers. On a bad month I got 20+ winners 20+ BEs and about 10 losers. I have yet experienced 20+% losers.
What do I need?
1. Zerolag MACD*
2. EMA 6 to close
3. EMA 8 to open
*note: I didn't create this indicator and thanks to whoever shared it with us.
What Timeframe to be Traded?
15M
Which Pair should be Traded?
EURUSD
When to Trade?
London Open to London Close (GMT: 0700 - 1500)
I'm Interested. Tell me the Entry Rules for LONG:
1. ZL MACD diverges (not more than 4 bars since its divergence)
2. EMA 6 crosses over EMA 8
3. Wait for candle to close for confirmation
4. Wait for pullback of 1/3 of the previous candle, wait time is (2 candles after signal candle or 30 mins), if that expires we will look for new signals.
5. Viceversa for SHORT
TP and SL:
1. TP 22 pips minimum or next SR (includes 2 pips spread)
2. SL 20 pips maximum or next SR (includes 2 pips spread)
*For simple programming just stick to 20 pips at the time being. Thanks.
Do I need Strict MM?
Yes. Set position to BE if price go against OR in favor by 10 pips, valid only after the entry candle is closed.
What's so good about this strategy?
1. You only require a ZL MACD and 2 MAs. Anything easier than that is pure PA. Or score a 5-er "hottie".
2. You do it right and you will have minimal chances of losing, and that gives you consistency.
3. Fairly plenty of signals even on 15M EU alone.
4. Ranging markets cant kill you off... so easily.
What's the drawbacks, bro?
1. You need a fairly bit of screen time unless someone can develop an EA or alert for it.
2. You may score a mere 20-pip winner for a 200 pip trend. But I'm just happy with 20 pips most of the days.
Always Buy on Pullback. Because it entitles you a lot more chance to breakeven when price go sourly ranging.
Who should be trading this strategy?
You. Or your daddy. Or Grandpa Mac.
What are my not-to-lose chances with this system?
As high as 90%. I have done real time trading with this system for nearly half a year. In good a month I got 20+ winners, 10+ BEs and 5 losers. On a bad month I got 20+ winners 20+ BEs and about 10 losers. I have yet experienced 20+% losers.
What do I need?
1. Zerolag MACD*
2. EMA 6 to close
3. EMA 8 to open
*note: I didn't create this indicator and thanks to whoever shared it with us.
What Timeframe to be Traded?
15M
Which Pair should be Traded?
EURUSD
When to Trade?
London Open to London Close (GMT: 0700 - 1500)
I'm Interested. Tell me the Entry Rules for LONG:
1. ZL MACD diverges (not more than 4 bars since its divergence)
2. EMA 6 crosses over EMA 8
3. Wait for candle to close for confirmation
4. Wait for pullback of 1/3 of the previous candle, wait time is (2 candles after signal candle or 30 mins), if that expires we will look for new signals.
5. Viceversa for SHORT
TP and SL:
1. TP 22 pips minimum or next SR (includes 2 pips spread)
2. SL 20 pips maximum or next SR (includes 2 pips spread)
*For simple programming just stick to 20 pips at the time being. Thanks.
Do I need Strict MM?
Yes. Set position to BE if price go against OR in favor by 10 pips, valid only after the entry candle is closed.
What's so good about this strategy?
1. You only require a ZL MACD and 2 MAs. Anything easier than that is pure PA. Or score a 5-er "hottie".
2. You do it right and you will have minimal chances of losing, and that gives you consistency.
3. Fairly plenty of signals even on 15M EU alone.
4. Ranging markets cant kill you off... so easily.
What's the drawbacks, bro?
1. You need a fairly bit of screen time unless someone can develop an EA or alert for it.
2. You may score a mere 20-pip winner for a 200 pip trend. But I'm just happy with 20 pips most of the days.