rockstar Posted January 19, 2012 Share Posted January 19, 2012 Its hard not to win pips with this system ... if you do MTFs This is one of the systems I use (a lot) here it is an 30 min & 5 min charts its hard not to make pips with this system. I use 5 ema and 12 ema (but if you like use 5 & 8 or 5 & 10 ema it doesn't really matter) MTF is the point (Multi time frames) I use the 20 RSI at 50 (if you want a letter win rate put 45 and 55 on the higher chart RSI ) I trade two lot at a time 1st. lot target 10 pips + spread stop loss 10 pips 2nd. lot move to break even when 1st lot is taken out I then keep moving up the stop loss with every swing unill I am taken out.(ie in an up trend every swing lower) If I can not be at my computuer - I target the next round number (50 or 100 ie 1.3550 1.13600) - S/R Other stuff 1. better % on pull backs and break outs then on the crosses. 2. You need to know when to trade and when not to trade (very important ) -3am to 5am est -7am to 12noon est -maybe 8pm to 10pm, est -no holidays -Becareful of new events ie 8:30 am and 10:00am est 3. I trade only the big pairs,I trade mostly on the eur/usd !!! the other two main ones would be Quote Link to comment Share on other sites More sharing options...
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