Friday, August 10, 2007

Let's use this Strategy

As I told you before that I never created any
single strategy by myself because I can find
many out there for free. The things that I always
remember is just how I use them to make profit.

Never searh for the holy grail, you will never
find it, but a very simple strategy could be
a holy grail if we can use them "nicely". To make
a strategy nicely or friendly to us is just to
ractice it and observe.

Many traders sais that one strategy is profitable
for them but at the same time many traders said
also they loose money with the same strategy.

Let's take a look at this example.


''The Tlatomi Method''

SETUP
1 - 4 Hour chart (This system works best with GBP/USD, GBP/JPY

2 - NonLagMa_v4

Filter=20
Color=1
ColorBarBack=0

SHI_SilverTrendSig

Allbars=0
Otstup=30
Per=9.0

Don't forget to change the colors also (0=blue-1=red)


FX Sniper's Ergodic_CCI_Trigger

pq=4
pr=8
ps=5
trigger=

Notes : For All indicator in Tlatomi you can downloaded
HERE

and template HERE

Enter long when :
1 – a blue dot appears
2 – the ergodic CCI crosses up the trigger line ( blue line
crosses up the red one )
3 – NonLagMa color changes to yellow

Enter short when :
1 – a red dot appears
2 – the ergodic CCI crosses down the trigger line
( red line crosses down the blue one )
3 – NonLagMa color changes to yellow


Exit

Exit when a new dot appears (red if you are long and
blue if you are short). This method gives you mecanicals
trades. Don't hesitate to transform them into a
discretionnay trade after because you can see things
that the system can't.

Sometimes, it will be the difference
between a 30 pips trade and a 300 pips trade. Once you
move your stop to breakeven and add a trailing stop –
you can't wait alittle more time to see what the market
wants to give you.

Stop

In general, I look for previous daily Resistance-Support
but I don't have only one method for my stops.You can also
looks for the high or low of the previous bar.

Remarks

Price enter :


The price enter is the open price of the candle or bars
where the NonLagMa is yellow.

Ergodic_CCI :

The signal is stronger when the FX Sniper's
Ergodic_CCI_Trigge is above 300 or under -300







Note :

Please download Metatrader 4 and insert the
three indicators into: \\metatrader\expert\indicator
and template :\\metatrader\template
You open firstly the template and drag all indicators
to your chart.

Happy trading.

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