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Old 07-19-2008, 06:46 AM
Elpatxi22
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Default A Forex Strategy by el Elpatxi22

Hi David,
As you asked for, I'll explain you my Forex strategy :
/// On a 5Mn chart on a MT4 platform // (I'm daily trader)
>> Set up :
1. Laguerre 1 (for entry) : Gamma 0.6, levels 0.15, 0.85, 0.45; bar color blue
2. Laguerre 2 (for exits) : Gamma 0.8, levels 0.15, 0.85, 0.45; bar color red
3. Bollinger Bands : 20,0 and close
4. EMA 200 (Red) & EMA 60 (Blue)
5. To Find daily profit levels and as indication of expected support / resistance areas for the day
6. MACD - Traditional : 12,20,9
7. Stoch Histrogram : (default settings ) : 14,3,3

>> Safe Entry :
>>> To go long :
1. Laguerre 1 is above 0.15 & going upwards,
2. StochHistogram is gone from negative to positive
3. MACD has made a crossover to positive (crossover above zero line)
4. Laguerre 2 is a the bottom or trending upwards above 0.15

<<< Exits for long : (choose one)
1. When lag2 crossed 1.0 and then starts to come down below 0.85
2. When you get +50 pips
3. Dailiy R1 (1st resistance above daily pivot)
4. Daily R2 (2nd resistance above daily pivot)
5. MACD crossover from positive to negative & red lag is turning down
6. When StochHistrogram goes from positive to negative, and red lag is pointing down
7. When stop loss is hit (20 pips + spread)

>>> To go short :
1. Lag1 is below 0.85 & going downwards
2. StochHistogram is gone from positive to negative
3. MACD has crossover to negative from positive (below zero lines)
4. Lag2 is a the top or trending downwards below 0.85

<<< Exits for short : (choose one)
1.When lag2 crossed 0.0 & when starts to come up to 0.15
2. When you get +50 pips
3. Daily S1 (1st support below daily pivot)
4. Daily S2 (2nd support below daily pivot)
5. MACD has crossed over to negative to positive & red lag is pointing up
6. When the stop loss is hit (25 pips including spread)

Stop loss for all the entries for long & short is 20 pips + spread from the best setup as per rules.

What do you think about my system ??
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