Real Money Doubling Forex Robot Fap Turbo - Sells Like Candy!ORDER NOWREAD MORE ABOUT IT5 Min TrendPipper - with NonLagMA, EMA and Pivots
I like this system because:
1. Keeps me out until trend is starting
2. Gets me in early in a new trend
3. Keeps me in while trend develops
4. Gives colour coded entry signals
5. Specific exit point
6. Filters out bad signals
7. SL is small (10-15 pips)
8. TP anywhere from 10-50 pips per trade.
9. Few losing trades (if stick to rules), yet actively trading most of session.
10. Small Time frame, 5 mins
Visually back testing it produces 40- 100 pips per day (Late Asian and
London Session) on GBPUSD, also trying it on EURUSD but so far prefer
Today's trading on GBPUSD has produced around 88 pips (If taken all entries at correct time and stuck to the exit rules.
Please note it is NonLagMA not actually Hull indicators - If anyone knows
the difference between the NonLag and Hull please post. I thought they were the same - apologies. Chart Indicators and Settings: 5 Minute Chart 20 Exponential Moving average
- set to close
indicators in separate window, set to 15, 30 and 50
set Fixed Min to 1 and Fixed Max to 2 to straighten indicator
(note NonLag indicator now does not have yellow as it was confusing people) Pivots, Today's Open, Yesterday's High and Low
(when I say Pivots in future I mean all pivots, mid pivots, Yest highs, lows, open etc)
I use 2 pivot indicators one has yesterday's high/low, today's open etc,
and the Autopivot as it shows previous days Pivot lines but not highs
Candle Timer, Current Price (optional) RULES Trading times: late Asian and London session. SIGNAL (tells us direction bias) 1. NonLags all same colour (Red Short, Green Long)
Risky to enter on the signal, price has often moved away from 20 EMA and we get stopped out on on the retrace. ENTRY 2. Wait for price to return to EMA and close in direction of trade below EMA for Short and above EMA for Long
I prefer correct colour candle for the direction also also.
If we wait for the reverse to EMA, we can have smaller stop loss, higher probability, and less false entries. 3. Check NonLag's still right colour for the direction of the trade.
If they are not this is indication price trend may not be following
through on signal. Sometimes just waiting for 1 or 2 candles we get
confirmation. 4. Try not to enter if price too close to a Pivot point
eg if we want to go long and price is 4 pips under daily pivot not a good entry point. EXITS 1. PIVOT POINT - take profit at the pivot point you are trading towards.
Price gets magnetised to these points,
(these can be Daily PP, R1,2,3, S1,2,3, Mid points, Open, yesterdays High, or Low) ALL
points tend to be either stop and reverse, stop and consolidate, or
slow, reverse, or continue). Either way can be good exit point as price
is often indecisive at these points.
If candles are strongly going towards the pivot point, or if NonLag's
all stay right colour consistently, consider holding to see if price
goes to next pivot point especially if its a mid pivot point. 2. SIGNAL OTHER WAY
(3 NonLags opposite colour to trade)
Consider exiting also if 2 of the 3 NonLag's are wrong color
Using this exit usually gets us out of a bad trade for either a couple of pips, break even or a few pips loss.
Rarely should we watch it go to SL as there will usually have been an
indication by the NonLag's that price was reversing. It is better to get
out with a few pips loss and perhaps re-enter later. STOP LOSS
Approx 10 - 15 pips, use your own judgement some pairs may need 15
others may need only 10. If we get the entry right, price often moves
quickly in our direction so stop loss not an issue. But if you try to
trade in low volatility or ranging times you may find stops being tested
If we wait for the EMA retrace to enter, stops are hardly ever looked
at, exits will then tend to be for a few pips or break even at worst if
the trade doesn't follow through. TAKE PROFIT
2 or 3 pips from the pivot you are trading towards.
If price misses by 5 pips or more it usually comes back for another go.
Alternate methods, take 50% at pivot, move to break even and let rest ride to next pivot.
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