Hello ,
I am introducing this trading system to you all because its simple and relatively consistent.Its not exactly new, i stumbled into it on ForexFactory but cant get my hands on it anymore.Also I will be using some lessons I got from Peter Crown who is a well respected member of this Forum.
Ist Rule:
Follow the trend
I am introducing this trading system to you all because its simple and relatively consistent.Its not exactly new, i stumbled into it on ForexFactory but cant get my hands on it anymore.Also I will be using some lessons I got from Peter Crown who is a well respected member of this Forum.
Ist Rule:
Follow the trend
- Only be willing to buy a market if it is up on the day.
- Only be willing to sell a market if it is down on the day.
2nd Rule:
Donot risk more than 3% of your account size on each Trade
3rd Rule:
Use the following indicators;
Parabolic Sars (PS)
Accelerator Oscillator (AC)
Awesome Oscillator (AO)
Short -When the AC and AO are on full red simultaneously , with the PS trending down.
Long - When the AC and AO are on full green simultaneously, with PS trending up.
In order to filter errors , ensure that the prevailing timeframe or the one after shows the same characteristics above.
I welcome your thoughts and wish you the best in your trading business.
Forex trading reveals the real you...