Results 1 to 9 of 9
 7 Attachment(s)    

Thread: Manual Trading System

  1. #1

    Default Manual Trading System

    Hi all,

    I've recently been trading this system and so far it is profitable.

    I'll attempt to describe it as best I can.

    1. Chart Set Up.

    GBPUSD Time Frame 15 Mins

    Indicators : SMA Period 21
    Bollinger Bands Standard Deviation Set at 1. Levels set at 0.75 and -0.75

    2. Entry Rule :

    SMA must be Pointing down for a short entry. Bollinger Bands must be Pointing down for a short entry.

    Set Up Candle must be a candle where the Open is in the Top 30% of the Candle and the Close is in the Bottom 30% of the Candle. This indicates a significant move down. The Candle must close outside of the bollinger bands. This candle is called a Down Bar Candle.

    Trade Entry is set at 1 Pip Plus Spread below the Low of the Set Up Candle.

    Exit is set at 2/3xATR at the time of the Trade. Initial Stop Loss is Set at 1xATR at the time of the Trade.

    That describes a Short Trade. The opposite is true for a Long Trade.

    This is a great system to trade the London Open.

    I will attach a chart.
    Attached Images Attached Images Manual Trading System-2-jpg 

  2. #2


    That is the basic set up to gain regular pips each day.

    Further to this we open a second positon at the time of the first position with the same stop loss value, however we don't have a Take Profit Target.

    We move the Stop of the Second Positon to be 1 Pip plus the Spread above the High of any new Down Bar.

    Keep doing this until we get stopped.
    Attached Images Attached Images Manual Trading System-3-jpg 

  3. #3


    Trend Continuation Entry Rule.

    When there is a pull back and an Up Bar appears we then put order to go short 1 Pip Plus Spread below low of Up Bar.

    Same initial stop loss and exit rules apply.

    Only one contract trade.
    Attached Images Attached Images Manual Trading System-4-jpg 

  4. #4


    Updated Chart.
    Attached Images Attached Images Manual Trading System-5-jpg 

  5. #5


    New Downbar formed so move stop of continuation trade 1 pip plus spread above high of downbar to reduce risk.
    Attached Images Attached Images Manual Trading System-6-jpg 

  6. #6


    Stopped out of trade on continuation entry
    Attached Images Attached Images Manual Trading System-7-jpg 

  7. #7


    Trades for the last few days.
    Attached Images Attached Images Manual Trading System-8-jpg 

  8. #8


    Did you try to code it into EA and test?
    you can probably improve it with 10 pip trail. Looks like a scalper strategy

    thanks for sharing

  9. #9


    The Foreign Exchange (Forex) market is the largest and most liquid financial market in the world. There are basically 2 methods to trade the forex market – manual trading and automated trading. There are many debates of which methods are superior. Despite of these debates, one fact remains – in the this huge market, at least 90% of new forex traders lose all their money, be it using manual forex trading or automated forex trading.

Similar Threads

  1. Backtesting manual my system
    By FreeStyle123 in forum Manual systems statements
    Replies: 4
    Last Post: 01-12-2012, 07:29
  2. REDBULL manual Trading system ...
    By Mirasole in forum Ideas for expert advisors
    Replies: 8
    Last Post: 07-26-2010, 20:07
  3. PipsFlush System F (Manual Trading System)
    By rstr in forum Commercial manual systems
    Replies: 1
    Last Post: 08-13-2009, 14:18

Tags for this Thread

automated trading, bands, bollinger, candle, forex, forex trading, high, manual, manual trading, manual trading system, profit, profitable, scalper, sma, spread, stop, system, test, time, trading, trading system, trend

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts