Stradegy Test!
I trade EUR/USD .... USD/CHF .... GBP/USD and to a lesser extent EUR/JPY.
Put a 5 period Exponential MA of the Open, and a 5EMA of the Close on a chart, on any timeframe. The above results were given from the 30min and 1hr chart.
Once loaded add the following to the chart with your EMA's
ASCT TREND1signal
Heikin-Ashi MOD
Scaff Trend Cycle
T3 filter
Now when the MA of the Close crosses above the MA of the Open this shows a buy , and vice versa for reversing the position to Short.
Dont enter trade at this stage, when the ASCT indicator shows this confirms the MA cross, but still do not buy or sell at this stage.
When BOTH the EMA and the ASCT are in place whether for a buy or sell wait untill the cross has moved 25 pips either way and the candle has moved to the next 30 min time frame then look to the T3 filter for confirmation along with the Heikin-ASHI MOD.
dump a trade if it doesn't move 25pips within 5 candles
You can then enter the trade, I have been using a 20 pip stop.
Once you are in profit in any currency as part of your management it is up to you to lock in your profits with a trialing stop.
If the market is trending very well I will stay in abit longer, but if not I am happy to take what is on the table.
I use all indictors to verify the trade, I realise what you are saying about the t3filter, but I do not trade usless all indictors are confirming direction.
Asctrend Risk should be set at 5.
t3 filter.
Variable Value
t6_period 10
hot 0.7
num_bars 2000
Price 0
for_price_open 1
advance 0
All other indicators are set at default.
use the t3 filter as my exit point, when the T3 filter crosses my EMA's I am out, untill the next buy or sell signal comes.
While the trade is in profit, I follow the trade raising my stops untill the T3 has crossed.
FOREX RULES (revised)
European Session (3:30-11:30EST, 8:30-16:30GMT)
US Session (8:00-4:00EST, 13:00-21:00GMT)
Forex Don’ts
1) Don’t trade when price whipsaws (candle – long tail, small body in middle [45 pips, 35pips for JPY pairs])
2) Don’t trade gap-ups and gap-downs
3) Don’t trade if candle stick pattern shows over-bought or over-sold (long candle sticks)
4) Don’t trade the minor currency pairs – GBP/CHF, EUR/CHF, AUD/USD, EUR/GBP
5) Don’t trade EUR/JPY or USD/JPY if the countries of that currency pair are not in session
Forex Do’s
1) Trade peaks and valleys
2) Trade break-outs
3) Use resistance, support, and chart patterns as guide – 1-2-3 formation, double top, double bottom, sideway channel
4) Use candle stick patterns as a guide – dragon, reverse dragon, double top reverse dragons, dark cloud sell, engulfing white, spring board, morning star
Trade Entry
1) When EMA of Close crosses above the EMA of Open this shows buy, and vice versa for the reverse crossover to show short
2) When ASCT lights up, this confirms EMA cross
3) Wait for the candle to move to the next 30min time frame and 30 pips from EMA crossover, at which point, you look for confirmation in Heikin-ASHI MOD, T3 Filter, RSI , and Stochastic
a. ASCT – blue buy, pink sell
b. Heikin - blue buy, red sell
c. T3 - EMA’s cross above top – buy, EMA’s cross down below – sell
d. RSI - above 50 buy, below 50 sell
e. Stoch - above 50 buy, below 50 sell, this indicator also shows over-bought and over-sold
4) Enter trade, when doing so, keep in mind there’s a 3 pip spread
5) Use stop orders when possible, this can save you 5-10 pips on certain trades which amounts to a lot in the long run
6) Set stop loss at 30 pips (use 20 pip trailing stop loss feature if not around to track)
Trade Exit
1) Once in a trade switch to 15min chart for tracking (or babysitting)
2) If ASCT confirms reversal, exit trade
3) If price moves 25 pips (20 pips for JPY pairs) from calculated entry (60 pips from EMA crossover), place stop-loss at a price that grants a free trade
4) If price rallies, use Parabolic SAR to trail stop-loss on 30min chart
switch to the 15min chart and babysit it.
PS: Some peolple are getting good results, i haven't test it yet, but i am sharing.. I can't find t3 filter. Can someone help?
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Linear Mode
