We entered at 1.9178, placed stop loss at 1.9138
First lot taken out at 1.9218
Second lot taken out at 1.9331
Third lot taken out at 1.9316
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Friday, June 20, 2008
Profitable Trend Forex System
L2 Signal:
We entered at 1.9178, placed stop loss at 1.9138
First lot taken out at 1.9218
Second lot taken out at 1.9331
Third lot taken out at 1.9316
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We entered at 1.9178, placed stop loss at 1.9138
First lot taken out at 1.9218
Second lot taken out at 1.9331
Third lot taken out at 1.9316
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Profitable Trend Forex System
.2. L1 & L2 Signal Examples
L1 Signal:
We entered at 1.9039, placed stop loss at 1.9010
First lot taken out at 1.9069
Second lot taken out at 1.9137
Third lot taken out at 1.9141
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L1 Signal:
We entered at 1.9039, placed stop loss at 1.9010
First lot taken out at 1.9069
Second lot taken out at 1.9137
Third lot taken out at 1.9141
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Profitable Trend Forex System
First lot was taken out when price moved the same distance as stop
loss. Second lot was exited when HMA5 turned down (indicated by the
blue rectangle).
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loss. Second lot was exited when HMA5 turned down (indicated by the
blue rectangle).
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Profitable Trend Forex System
The next bar, price resumed its upward direction, making HMA5 turn
up again. We had a L1 long signal and entered with three lots.
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up again. We had a L1 long signal and entered with three lots.
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Profitable Trend Forex System
Then we look for a small retracement of price. In the above picture,
price retraced a little bit (two red candles), making HMA5 turn down.
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price retraced a little bit (two red candles), making HMA5 turn down.
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Profitable Trend Forex System
. More examples
6.1. L1 Signal Examples
The first thing we need to identify is the current trend. Long MACD
crossed up, signifying an uptrend.
![The image]()
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6.1. L1 Signal Examples
The first thing we need to identify is the current trend. Long MACD
crossed up, signifying an uptrend.
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Profitable Trend Forex System
If the trade does not go in our favor, we exit all three lots when HMA
12 changes its direction against us (that means in an uptrend we exit
all three lots when HMA 12 turns down) or when our stop loss is hit.
5. Filter
We do not take trades when price has retraced too much and when the
trend has lost its momentum. When one of the following conditions
takes place, we do not put on any trade until a new trend has
established:
a. Price closes below GMMA in an uptrend or closes above GMMA in
a downtrend.
b. Long MACD crosses down in an uptrend or crosses up in a
downtrend.
![The image]()
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12 changes its direction against us (that means in an uptrend we exit
all three lots when HMA 12 turns down) or when our stop loss is hit.
5. Filter
We do not take trades when price has retraced too much and when the
trend has lost its momentum. When one of the following conditions
takes place, we do not put on any trade until a new trend has
established:
a. Price closes below GMMA in an uptrend or closes above GMMA in
a downtrend.
b. Long MACD crosses down in an uptrend or crosses up in a
downtrend.
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