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Old 01-03-2006, 03:32 PM
symtec23 symtec23 is offline
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Join Date: Dec 2005
Location: Bendigo,Victoria.Australia
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Simple method that works well !

I'd like to share my method of trading with anyone who is interested. Please feel free to give me feed back as I am always open to inprovement ideas or critcism as I dont profess to being an expert but this is what I have found good for me.
Im still only a demo trader at the moment but this method allows me to double my account balance every 2 weeks for 3 months solid
My prefered method is as follows

Indicators
2 moving averages, first at 4 exp closed and blue in colour,second at 6 exp open and red
ADX set at 14 in yellow,d+ in blue,d- in red
Asctrendsig 1 ,imput at 4,400. 0 is blue and 1 is red
5 minute,15 minute charts

Method,

I do this on with both the 5 and 15 min charts (MT4) running on the same screen at the same time and both these charts must give same signals

When blue ema is on top,its buy,red on top sell,adx must support this also with a strong high or going up yellow line,asc trend signal also in support and only enter a trade when adx blue and red cross agressively and the ema's also seperate agressively showing a strong move.Get out when either your ema' cross over,you get an apposing esignal,or the adx turns down agressively( Yellow line ) or if the adx"s blue or red lines reverse or cross.

I aim to increase my balance by 10% a day and a pip is worth 1/100TH of my balance. In other words, I get my ten pips then Im done for the day.I haven't had a loosing day yet but if I got ten pips down, I will call it a day also.I only aim for 10 pips because I can only for 4 hours of an evening, most days I get in 2hrs.

What do you think?
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