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Thread: Forex Day Trading System

  1. #1

    Default Forex Day Trading System

    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 --
    Dominio uses:
    +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.
    Attached Images Attached Images
    Last edited by bnbb2004; 12-21-2008 at 02:36.

  2. #2

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    Hi Funyoo!

    Do you think this would be a good EA to create from this system??

    Thanks,

    Nicky
    Last edited by bnbb2004; 12-20-2008 at 17:28.

  3. #3
    Administrator funyoo's Avatar
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    Quote Originally Posted by bnbb2004 View Post
    Hi Funyoo!

    Do you think this would be a good EA to create from this system??

    Thanks,

    Nicky


    Here is the Forex Day Trading System EA,

    There is all the rules described in your post, except the fibo (I could use the spudfibo, but I don't know on what basis are drawn the fibs, if it is each period of M5, M15, M30, H1, ... ok otherwise it is too subjective), and the divergence would require a lot of conditions. I have also not done the other stuff in the pdf (pullback, turn point, pre-signal, stop loss ...), it would take me too many time.
    Attached Files Attached Files

  4. #4

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    Thanks Funyoo for the EA!!

    The basics of the system incorporated into this EA should be fine! :-)

  5. #5

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    Funyoo,

    Does this EA have a hidden TP and SL built into it??

  6. #6
    Administrator funyoo's Avatar
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    Quote Originally Posted by bnbb2004 View Post
    Funyoo,

    Does this EA have a hidden TP and SL built into it??
    Here is the version with the hidden sl-tp option available.
    Attached Files Attached Files

  7. #7

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    Thanks Funyoo! :-)

  8. #8

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    hello funyoo

    when i attach the ea to the chart why i don't get the iamge i only get smiling face . i want to see the ema 14 and other and rsi and william on the chart

    regards

    and if you can give me your email plz

  9. #9
    Administrator funyoo's Avatar
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    Quote Originally Posted by Mamounforex View Post
    hello funyoo

    when i attach the ea to the chart why i don't get the iamge i only get smiling face . i want to see the ema 14 and other and rsi and william on the chart

    regards

    and if you can give me your email plz
    Hi Mamounforex and welcome,

    You can do it yourself. You just have to attach to your chart the two EMA, the William %R and the RSI.

  10. #10

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    anyone have a test for this ea

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