Here is another Forex trading system that looks pretty profitable:
Forex Day Trading System - Domino
He has had pretty good success with this system (1000+ pips per month).
See attached .pdf for system.
DOMINIO'S SYSTEM RULES
MAE 14 > MAE 42 ===> Long Signal
MAE 14 < mae 42 ===> Short Signal
Big Trend is Up, and RSI > 50 ===> Wait a Long signal
Big Trend is Down, and RSI < 50 ===> Wait a Short signal
You have a long signal if:
- MAE 14 > MAE 42
- RSI > 50
- 85 < William's %R < 100
You have a Short signal if:
- MAE 14 < MAE 42
- RSI < 50
- 0 < William's %R < 15
Finbonacci Exits --
+38,2% ; +50% ; +61,8% ; -38,2% ; -61,8%. In fact, only -38,2 and -61,8 are very important to find an exit point.
How to enter with my system forex - Domino?
If the Forx is Up, I enter on an Up candlestick.
If the Forex is Down, I enter on a Down candlestick.
Sometimes it is different. That is why I advice you to follow my forex trades if you want to know all the details about my entry positions.
How to exit with my forex day trading system ?
In general, I use the divergence between the forex market prices and the william's %R forex indicator. For more details about it, go to my forex trades page.