this is a great tradingsystem that works realy well. The only thing is....you have to watch the screen all the time...
It is from the Forex factory forum, GU intraday system.
here it is:
THE TRADING SYSTEM
price closes above gann and 5sma, stoch pointing upwards better when breaking above 20 and moving upwards. ADR indicator is green showing market has increasing ATR(good volatility) and swingman trix showing arrow up or increasing momentum to the upside.
Opposite of buy signal
Risk Management and Targets
Enter with 2 minilots
First take profit target 40-50 pips or if you buy at pivot level target next pivot level.
Second take profit level when stoch reaches overbought or oversold and price is at major support or resistance level or has moved for example from Daily Pivot to R2 level. Of course if price closes below gann in an uptrend then you are out.
Stop Loss level. If going long the low of the candle stick that precedes the signal candle(the candle that closes above gann to give the buy signal)
Works best from London open to 1100 gmt.