Thread: Philip Nell, system on 1 H TF, using FULL STOCH,

Hi there to each person in nigeriaforextrading, about a month a go I was reading Philip Nell thread about his 5 Min egy, the one thing I disliked from the system, was having to look in my charts each 5 minutes, so for about 1 month, I've been back testing this system I've Tweaked, It provides very good results, but has some fails nevertheless, so I would love to ask you guys to test the system, and provide your opinion and ideas to fix some false signs.
I use an 10 and 21 Ema to seek out support / resistance, 50 SMA angle to provide trend management, and stoch (14,3,3) (known as FULL Stoch at OANDA), within my system stoch is the boss all the other indiors are secondary, the main person who gives the confirmation is the FULL Stoch, I've just tested on EUR/USD yet, on the next post I will inform the principles of the system, templates, pictures and indiors will be published here also.

Regards Marco

Here are the rules of This Machine

On a Bullish Installation, you must have 50 SMA Angle going up, price must Seek Service on 10 or 21 EMA, Following 3 candles Demoning Service, we only wait that the Stoch (14,3,3) Provides the oversold Sign, we only place a setup, when stoch starts going up Following oversold,

You Will enter with only 2 candles when stoch is Currently between the lines Moving up (examples are showed on some Images)



On a Bearish Installation, you must have 50 SMA Angle Heading down, price must find resistance on 10 or 21 EMA, Following 3 candles Demoning resistance, we only wait that the Stoch (14,3,3) Provides the overbought signal, we only Put a Installment, when stoch starts going down Following overbought

You may enter with only 2 candles when stoch is Currently between the lines Moving down (examples are showed on some Images)



The 2 lines in the stochastic is also for Cash Direction, if the stochastic is Moving in your Path and didn't touched those 2 lines Nevertheless, Make profit is in 35 and stop loss -20, when stoch Measures between those 2 lines in your Leadership Make profit is 25 stop loss -12

I Don't Put more than 1 trade per day

Always remember never Put a bullish trade when stoch is over those 2 lines, and vice versa to Get bearish,

I Believe that Is all the rules,

Any doubts just ask,

I apologise too if there are some verbal errors in my English, sorry not my first language

Bests regards Marco