Simple Conditions -
Long - When VCS gives a white Circleā¦.
Exit ā when VCS gives a red Circle
Short - VCS gives a Red Circleā¦.
Exit ā When VCS gives a white Circle
Stop Loss ā 10-15 (For TF 1M or 5M)
Take Profit ā Next Signal
Conditions With MA Trend Filter are -Ā
Long ā When SMA is in the uptrend and VCS gives a white Circleā¦.
Exit ā when VCS gives a red Circle
Short ā When SMA is in the downtrend and VCS gives a Red Circleā¦.
Exit ā When VCS gives a white Circle
Stop Loss ā 10-15 (For TF 1M or 5M)
Take Profit ā Next Signal
or Conditions With SDC Trend Filter are -Ā
Long ā When SDC is in the uptrend and VCS gives a white Circleā¦.
Exit ā when VCS gives a red Circle
Short ā When SDC is in the downtrend and VCS gives a Red Circleā¦.
Exit ā When VCS gives a white Circle
Stop Loss ā 10-15 (For TF 1M or 5M)
Take Profit ā Next Signal
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FxMatrixPro And Why?
Trend is your best friendā¦..I am a trend Traderā¦ā¦but I take short rides-short journeyā¦ā¦Because my account size is small so I canāt afford huge loss or big SLā¦..So, I accept maximum 10-20 SL for each Tradeā¦.I prefer TF 1M or 5Mā¦.beccoz bigger the TF>bigger the SL>bigger the lossā¦smaller the TF>smaller the SL>smaller the lossā¦.So, this system satisfies my needs and wantsā¦. This system is all about catching and predicting Trendā¦.just look at all images you will know how easy to define the trend and predict the next trend or change of trendā¦.
Defining the Trend (see Introduction Image)
In the āIntroduction of the Systemā image I marked all my indicatorsā¦.plz read them to understand my systemā¦.my first job is to defining the trend correctlyā¦.how do I define the trend?
If Standard Deviation Channels (SDC) are in the uptrend and SMA (Period 20 with OHLC/4) is in the same direction then I call that aĀ uptrendā¦.if MA (Trend Alex āat the bottom), FXTraderPro T or R (at the very bottom) and other Indicators (at top right corner) of Different TF are Green I call that aĀ Pure Uptrendā¦.and Vice Versaā¦..when I am happy with the trend I take trade (see 1st image ā pure example of a good trede)ā¦..it need not to be a pure trendā¦ā¦if it is a pure trend I make my move more aggressively by increasing lotā¦..if I am not happy with the trend or it is a conflicting trend I donāt take any tradeā¦.
Conflicting Trend (see the Conflicting Trend Image and the Next Image)Ā
When SCD is in the Uptrend and SMA is in the Down-Trend I call that aĀ Conflicting Trendā¦.itās always better not to take any kind of trade in this type of situationā¦.becoz this could be an indication of trend changeā¦see the exampleā¦.how I avoided and predict the next trendā¦.also try to avoid taking trade when there is not trend or it is in Range (see last two examples or Images)ā¦..but if you can predict what could be the upcoming trend then make your move with tight SLā¦.sometimes we could miss big waves by avoiding conflicting trend or Range but donāt be greedyā¦.thing about the opposite.ā¦that may give you a consolationā¦.and Forex will be here for us foreverā¦.donāt rushā¦
Entry
When I am happy with the uptrend and Volty Channel Stop (VCS) gives me a White Circle I take only Longā¦.but before I make my move I look at the 1M TFās situationā¦.in 1Min TF I must have VCS in the upwardā¦if VCS is in the downward then I wait for the next white circle to appear in 1M TF to take my Longā¦.and Vice Versaā¦
Exit
With 5M TF I set my SL 10-15 and I Exit my Position in the next Signalā¦.if I take long, I exit when Red Circle appears in my 5M TFā¦.and Vice Versaā¦..sometimes I take a trade with SL 10, PT 10 and lot 0.1ā¦.then I start increasing Lot like 0.2, 0.4, 0.8 and so on until I hit my PT 10ā¦.but I suggest you to do it when you are comfortable with the systemā¦.however, that strategy works very well as wellā¦becoz of good ratio of Win/lossā¦..
Conclusion
It is a very simple system for small tradersā¦.almost 7 out of 10 trades clickā¦.becoz you are catching the trend but making small journeyā¦..system will tell you whether trend is in up, down or rangeā¦.and you will act accordinglyā¦.and Haikin Ashi will help you not to panicā¦.donāt trade High spread with this system in Small TFā¦..if you use it for High spread use a 20 SLā¦.you can try it with all time Framesā¦..works with all time frame very very wellā¦..but adjust your SL according to your TFā¦ā¦just give it a try, this system wouldnāt disappoint youā¦..just trust me it wouldnātā¦.
Remember One thing if you are not happy with the trend donāt tradeā¦..donāt fight against the trend or marketā¦.go with the flowā¦.and donāt be emotional.....listen to your brain not your heartā¦.and this system will help you to do soā¦.
always always always remember -Ā No Trade is a Part of Trade
Long
SDC = UPTrend
SMA = UpTrend
VCS = White Circle
If Pure Up Trend = High Risk with big lot (optional)
Short
SDC = DownTrend
SMA = DownTrend
VCS = Red Circle
If Pure DownTrend = High Risk with big lot (optional)
Exit
IF Long = Red Circle
If Short = White Circle
Or MM with 10-15 SL and 10-15 PT (optional)
Note ā If anybody can come up with better findings or Long/Short/Exit strategy I will very happyā¦.Download the Zip Fileā¦..you will get all required Indicators and Template for this systemā¦.I will be waiting for your feedbackā¦.