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REQ(What's the Best Manual Trading System for 5TF)


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Re: REQ(What's the Best Manual Trading System for 5TF)

 

http://www.megaupload.com/?d=51FYZ9UX

HERE IS THE PICTURE OF MY TRADING SYSTEM

I USED WITH FXCM(MT4) IS OK, BUT WHEN I LOAD IT UP WITH FXDD(MT4) IT CRASHED, I DON'T KNOW WHY, BECAUSE OF THAT, SO WHEN I FIX IT UP I WILL POST THE INICATORS AND TTEMPLATE FOR YOU

Thanks locle,

Please upload your system and your pictures in 4shard.

I can't download from megaupload.

And update your FXDD Meta.It will be correct.

Best Regards

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Re: REQ(What's the Best Manual Trading System for 5TF)

 

http://www.4shared.com/file/116383413/4faedf51/5minutes.html

everything in this folder, I hope it works for you, please share your result or improve the system

thanks

 

Hi locle,

 

could u elaborate how u entry and exit and which signal u will not take?

 

rey

All that is necessary for evil to triumph is for good men/women to do nothing. Sharing is caring
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  • 1 month later...
  • 8 months later...
  • 1 year later...
Found all sorts of nothing there Hermes. Can you be a little more clear?

 

Here you go Freddie, copied from another forum:

 

Web Trading System (10%/mn) Specifications of Trading System

 

Name of System: Web Trading System

System Type: Trend Trading

Complexity: Easy

Number of Indicators: 2

Time Specific: No

Timeframe: H1 and higher

Supported Pairs: All majors and liquid pairs

 

 

System Setup and Details

 

The System consists of placing 2 moving averages on your chart. Both Moving Averages will have settings taken from the fibonaccie sequence, hence, the slow EMA will be 5 and the faster EMA will be 13. Just need to wait for crossing, then wait for the new open after the crossing and get into the trade.

 

Procedure:

 

1. Open your chart and switch to H1 or higher timeframe

2. Place Exponential Moving Average with settings 5 and color to RED

3. Place second Exponential Moving Average with settings 13 and color BLUE

 

 

Open a Buy Position

 

The Buy signal lies on 2 phases:

 

1. The crossing of the moving averages

2. The Opening of the new bar just after the crossing.

 

http://www.webtradingsystem.com/pict1_1.gif

 

As you can see in the above screenshot, firstly we have the RED EMA crossing the BLUE EMA and secondly, we have the New Open just after the crossing which is the exact point where we open the BUY position. And let's look at the result

 

http://www.webtradingsystem.com/pict2_1.gif

 

As you can see above, this trade proved to be a successful one. The most important part in this system is to wait for the crossing bar to close and to open the trade only on the opening on the new bar after the EMA crossed.

 

Stoploss Placement

 

It is advised that you place your stoploss 50 pips below the BLUE (13) EMA. You should breakeven as soon as the trade has moved some 30-40 pips in your favor, this will be reducing your risk in this trade to 0. You can also use a trailing stop of around 30-40 pips and let the trade run, hoping to capture the maximum of the moves.

 

Take Profit Level

 

TakeProfit level solely depends on your liking. You can use a fixed take profit or you can let the trailing stop do the work for you.

 

 

Open a Sell Position

 

The rules for opening a SELL position with this system is indeed very easy as you do just the opposite of the BUY. The SELL signal is in 2 phases as well which are:

 

1. Wait for the EMAs to cross but this time, the RED should cross and go BELOW EMA

2. Wait for the crossing bar to close and OPEN SELL as soon as the NEW BAR opens after the crossing.

 

http://www.webtradingsystem.com/pict3_1.gif

 

As you can see in the above screenshot, we have a perfect SELL setup which has been taken perfectly at the right spot. And, this proved to be a good trade as well.

 

Stoploss

 

http://www.webtradingsystem.com/pict5_1.gif

 

Place your stoploss 50 pips above the BLUE EMA(15) and change to breakeven as soon as your trade is some 30-40 pips in your favor. You can use a trailing stop as well which might be used to capture more pips and ride the trade.

 

Take Profit Level

 

The Take Profit depends on your own liking and should vary based on the timeframe which you are using. The higher timefame needs a higher take profit level. It will not be a problem if you do not use a take profit level as well and let the traiing stop do the job instead.

 

 

Close a trade

 

The closing of a trade can happen due to these situation.

 

1. The price reached your stop levels and therefore, your trade will be closed automatically.

2. When the closing price if the crossing bar is almost EQUAL to the EMA 15(Blue)

3. When there is an opposite signal( e.g close BUY when there is a SELL signal)

 

 

 

When NOT to trade

 

The following rules should be the most important ones as these are the rules which, when observed, will allow you to bypass the ranging markets or whipsaws. We are using a trending system and we are relying on trends so that we can make some money. If we take trades in ranging or unstable(news) periods, we will be taking a high risk and the trade might turn out into a loser. SO pay close attention to these rules and stick to it.

 

1. Do not open the position if there is a gap of more than 100 pips between the opening price and the level of stop loss order. This rule will protect you from big market movements which take place during a very short time interval.

 

http://www.webtradingsystem.com/pict6_1.gif

 

2. Do not open the position when there is only 1 pip between EMA5 and EMA13. Wait until the time interval is closed with more sufficient difference between EMA5 and EMA13.

http://www.webtradingsystem.com/pict7_1.gif

3. You should set up for yourself a certain maximum sum which you are ready to lose on every trade (risk percentage). It should not be more than 10% of the total sum on your account. Good money management is the key to the successful trader.

 

 

Final Words

 

As with any other trading system, this one will also require lots of practice before you can start with the real trades. Make sure you practice this system on a demo account for a few weeks. This period of testing will be very determining to you and will let you know whether the system suits your trading style or not. Practice a lot and do not burn the rules at any time. Good Luck

:)
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Freddie where? Could you be a little more clear? Found nothing on Goggle or not interesting manual? Hermes

 

Sorry, Hermes! I googled taking your line by copy/paste. I couldn't see any relevant 'WTS' results. -Wondered what I was doing wrong. Mind you, I find google to be very bad because I write one thing and it comes up with loads of stuff nothing to do with my question.

 

@ Meek13 ...Many thanks.

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  • 4 weeks later...

Hi:

 

I am trading the "MAX Trading System" for around 8/9 months now on my Live account. See some pictures below:

 

http://i1198.photobucket.com/albums/aa446/zeeshanzia/EURGBP_M5_31stMay.jpg

 

More

 

http://i1198.photobucket.com/albums/aa446/zeeshanzia/EURUSD_M5_31stMay.jpg

 

Search for "Max Trading System Torrent" at google and download via torrent, or as you like. If you Mix this with a simple chart with Daily pivot points you will have nearly all the potential market turning points or potential momentum setup points.

 

Regards,

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Hi:

 

I am trading the "MAX Trading System" for around 8/9 months now on my Live account. See some pictures below:

 

http://i1198.photobucket.com/albums/aa446/zeeshanzia/EURGBP_M5_31stMay.jpg

 

More

 

http://i1198.photobucket.com/albums/aa446/zeeshanzia/EURUSD_M5_31stMay.jpg

 

Search for "Max Trading System Torrent" at google and download via torrent, or as you like. If you Mix this with a simple chart with Daily pivot points you will have nearly all the potential market turning points or potential momentum setup points.

 

Regards,

 

Why don't you just post your indicators and templates for share? Here is where you probably got it anyway from the old Tiger Max Thread. Since all the links are dead, it would only be decent of you to re-post them.

 

To all my brothers and sisters, I have it somewhere on one of my old hard drives. Once I find it, I'll post it.

Edited by newbie111
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