Funchi's Trading System
Posted: Mon Oct 16, 2023 12:35 pm
Funchi's Trading System
====================
Summary
====================
Trade from Large Semafor to Large Semafor.
Three directional biases for the trade are used: Large Semafor and Lower High/Higher Low breakouts and MA.
Entry timing uses the 2nd dot.
Indicators are minimal so as not to be misled by other indicators.
====================
Indicator to be used
====================
Semafor（Initial value 610, 144, 34）
Lower High／Higher Low line
MA（Initial value 80 SMA）
====================
Indices/currencies/commodities
====================
None specified
====================
Trading Timeframe
====================
M15
It works the same way in other time frames.
====================
Long
====================
--------------------
BUY entry conditions
--------------------
The display of Large Semafor in the upper arrow.
The closing price should have crossed above the breakout line of Lower High.
Wait until the 2nd dot is displayed.
The closing price should return to the vicinity of the Lower High breakout line.
If possible, The closing price should cross below the MA or breakout line of Lower High.
The display of the 2nd dot.
The closing price should have crossed above the MA and breakout line of Lower High.
If possible, the MA should be tilted diagonally with an upward trend.
--------------------
Loss cut
--------------------
There are various ways you can exit a trade.
Test and see which one you prefer and best suits your style of trading.
For example.
The closing price broke the low of the 2nd dot.
The closing price broke the low of Large Semafor in the upper arrow.
(my preferred method)
The closing price broke the low of the 2nd dot.
--------------------
Take profit
--------------------
There are various ways you can exit a trade.
Test and see which one you prefer and best suits your style of trading.
For example.
The display of a Large Semafor with a down arrow.
The closing price should have crossed below the breakout line of Higher Low.
The closing price should have crossed below the MA.
Alone or a combination of them.
(my preferred method)
The display of a Large Semafor with a down arrow.
and
The closing price should have crossed below the breakout line of Higher Low.
====================
Short
====================
Omitting
********************
How to use
********************
When using the symbol changer.
Load the template "FNC_SymbolChanger".
When the symbol changer is not used.
Load the template "FNC_HL_LH_Break_bySemafor".
********************
Notes.
********************
Always make sure you are checking the higher timeframe bias H4, D1.
Use with due attention to the characteristics of Semafor.
It updates the Lower High/Higher Low line in the same manner as Semafor.
Semafor uses the closing price as the High/Low.
********************
Download
********************
====================
Summary
====================
Trade from Large Semafor to Large Semafor.
Three directional biases for the trade are used: Large Semafor and Lower High/Higher Low breakouts and MA.
Entry timing uses the 2nd dot.
Indicators are minimal so as not to be misled by other indicators.
====================
Indicator to be used
====================
Semafor（Initial value 610, 144, 34）
Lower High／Higher Low line
MA（Initial value 80 SMA）
====================
Indices/currencies/commodities
====================
None specified
====================
Trading Timeframe
====================
M15
It works the same way in other time frames.
====================
Long
====================
--------------------
BUY entry conditions
--------------------
The display of Large Semafor in the upper arrow.
The closing price should have crossed above the breakout line of Lower High.
Wait until the 2nd dot is displayed.
The closing price should return to the vicinity of the Lower High breakout line.
If possible, The closing price should cross below the MA or breakout line of Lower High.
The display of the 2nd dot.
The closing price should have crossed above the MA and breakout line of Lower High.
If possible, the MA should be tilted diagonally with an upward trend.
--------------------
Loss cut
--------------------
There are various ways you can exit a trade.
Test and see which one you prefer and best suits your style of trading.
For example.
The closing price broke the low of the 2nd dot.
The closing price broke the low of Large Semafor in the upper arrow.
(my preferred method)
The closing price broke the low of the 2nd dot.
--------------------
Take profit
--------------------
There are various ways you can exit a trade.
Test and see which one you prefer and best suits your style of trading.
For example.
The display of a Large Semafor with a down arrow.
The closing price should have crossed below the breakout line of Higher Low.
The closing price should have crossed below the MA.
Alone or a combination of them.
(my preferred method)
The display of a Large Semafor with a down arrow.
and
The closing price should have crossed below the breakout line of Higher Low.
====================
Short
====================
Omitting
********************
How to use
********************
When using the symbol changer.
Load the template "FNC_SymbolChanger".
When the symbol changer is not used.
Load the template "FNC_HL_LH_Break_bySemafor".
********************
Notes.
********************
Always make sure you are checking the higher timeframe bias H4, D1.
Use with due attention to the characteristics of Semafor.
It updates the Lower High/Higher Low line in the same manner as Semafor.
Semafor uses the closing price as the High/Low.
********************
Download
********************