Here are 5 systems that I have been following/tested recently:
1. Following others:
Sign up for free and follow/filter the signals:
Scan twitter and facebook users follow them whit caution.
Im keeping this 1 on my list, its completely free and i have good returns monthly whit them.
for free. click here
They have a free account its oke not the best but it works: click here
fun to do and following other + you will earn some of the profits if they follow you nice system and it works. click here
there are plenty more it worked for me since i filtered the signals/trades.
2. MACD/Parabolic SAR System
Another James16 system - this method uses the 30 minute chart, MACD and Parabolic SAR. Enter long when PSAR is below price and MACD crosses above signal line. Enter short when the opposite occurs. Recommended for EUR/USD
For details see:
MACD/PSAR System
3. 60 Period SMA System
This system uses only one indicator - the 60 period Simple Moving Average (SMA) over three different time frames - the 4 hour chart, the 1 hour chart and the 15 minute chart.
The first step is to look at the 4 hour chart and see whether price is above or below the 60 period sma. If it is above it we are looking to buy and if it is below it we are looking to sell.
The second step is to look at the 1 hour chart. If price was above the sma on the 4 hour and price is above the sma on the 1 hour this gives us bullish confirmation. Conversely, if price was below the sma on the 4 hour and below the sma on the 1 hour this gives us bearish confirmation.
The third step is to look at the 15 minute chart. We get our buy entry signal when we having bullish confirmation from the other 2 sma's and price crosses from below to above the 60 period sma on the 15 minute chart. We get our sell entry signal when we have bearish confirmation from the other 2 sma's and price crosses from above the 60 period sma to below the 60 period sma.
Stop Losses: if you are a shorter term trader you may want to use the reaction highs/lows from either the 15 minute or 1 hour chart to position your stop. If you are a longer term trader you may want to use the reaction highs/lows from the 4 hour chart. You might also want to use a fixed stop loss of say 30 pips. If prices moves back to the other side of the sma on the 15 minute chart you might want to cut your losses at 10 pips above that level, particularly if you are a shorter term trader.
Profit Targets: fibonacci levels, pivot points or zones of support and resistance would make good targets to take your profits.
4. Short Term Momentum System
Using the 5 minute chart buy when price moves 10 pips above the 20 period EMA and MACD histogram is crossing or has crossed the zero line.
Using the 5 minute chart sell when price moved 10 pips below the 20 period EMA and MACD histogram is crossing or has crossed the zero line.
(An inside Bar is one that is completely within the range of the preceding bar, i.e. it has a higher low and lower high than the bar immediately before it.)
When stochs below 20 and starting to curve up look for an Inside Bar for a possible long
When stochs above 80 and starting to curve down look for an Inside Bar for a possible short
Wait for the next candle after the inside bar to go 1-2 pips higher to enter long
Wait for the next candle after the inside bar to go 1-2 pips lower to enter short.
Although this system is said to work well on multiple time frames, I will be using the 15 minute chart.
There is a substantial risk of loss in trading.
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Disclaimer: There is a substantial risk of loss in trading stocks, futures, options and forex. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities.
