For V2 pls refer to part1 part2 part3

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I'd developed this system for sometime. It's foundation on H4 time frame.

For beginning let make it short. If anybody curious with it I only write more. As my Language suck, therefore I make it point form and graphically for easy comprehension. Hope there are no typo. : )

Time frame: H4
Pair: GBPJPY (This pair perform well.)
Indior: RSI (3), RSI (4 ) ), MACD (7, 13, 1)

Buy Enter: RSI (3) and RSI (4 ) ) to cross above 50. MACD (7, 13, 1) must maintain green colour. After 3 signal confirmed, the next bar start we place 3 pending buy orders. 3 pending commerce:
1. Entry = High 16pips Spread, TP = 50, SL (Pls read Stop reduction composed below.)
2. Entry = High 16pips Spread, TP = 100, SL (Pls read Stop reduction composed below.)
3. Entry = High 16pips Spread, TP = publicly before the SL hit, SL (Pls read Stop reduction composed below.)
For non GJ your TP will need to change as under:
TP1 = 15
Tp2 = 30
TP3 = publicly





Sell Enter:
RSI (3) and RSI (4 ) ) to cross below 50. MACD (7, 13, 1) must be in red colour. After 3 signal confirmed, the next bar start we place 3 pending market orders. 3 pending commerce:


1. Entry = High - 16pips - Spread, TP = 50, SL (Pls read Stop reduction composed below.)

2. Entry = High - 16pips - Spread, TP = 100, SL (Pls read Stop reduction composed below.)

3. Entry = High - 16pips - Spread, TP = publicly before the SL hit, SL (Pls read Stop reduction composed below.)

For non GJ your TP will need to change as under:

TP1 = 15

Tp2 = 30

TP3 = freely








Stop Loss (SL):

Case1: Set at the opposite entry.


Case2: When the H4 pub accomplishes gt; 150 pips profit, at the end of the H4 pub set our SL to 50 pips.







SL Case1 SL Case2: Permit look at the High1 for pending buy order.









Buy entry = 128.12 (High1) 16 pips 7 pips (spread) = 128.35








SL = 126.71 (Low1) #8211; 16 pips #8211; 0 (Spread) = 126.55




High2 #8211; Entry = 129.50 - 128.35 = 115 pips





Trade1 (T1) TP = 50







Trade2 (T2) TP = 100




Trade3 (T3) TP = not yet hit cos it hasn#8217;t reach our SL, SL = 126.55


So T3 keep operating. Until SL principles apply.





Sell entrance = New SL (Base on Case1)




So a Pending sell order and new SL to get T3. Open until it shut. For this instance it transfer up to High3. SL case2 principles apply.







New SL = 50 pips (Base on case2, 130.66 (High3) #8211; 128.35 (Entrance ) = 231).





Let it run until new SL principles apply. In this circumstance it shut at our SL.




T1 TP = 50







T2 TP = 100




T3 TP = 50



Total profit = 50 100 50 = 200 pips


Case3:
RSI (3) form a new low above 50 for buy. RSI (3) form a new high below 50 for sell.






Case3.b: This pic show sell order with SL case3







Market entrance =138.18 (L1) - 16 pips - 0 pips (spread) = 138.02

SL = buy entrance = 139.29(H1) 16 pips 7 pips (Spread) = 139.52

Entry #8211; L2 = 138.02 #8211; 136.00 = 202

16 pips 7 spread = 23 pips


Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = not yet hit cos it hasn#8217;t reach on our SL, SL = 139.52


SL advancement

139.52 (Case1)

138.02(Entrance ) #8211; 50 pips = 137.52 (Case2)

137.01(L2) 23 pips = 137.24 (Case3)

136.89(L3) 23 pips = 137.12 (Case3)

136.23 (L4) 23 pips = 136.46 (Case3)

136.09 (L5) 23 pips = 136.32 (Case3)

135.22 (L6) 23 pips = 135.45 (Case3)


Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = 138.02 #8211; 135.45 = 257


Total profit = 50 100 257 = 407


Case4:
RSI (3) proceed below 50 for buy. RSI (3) transfer above 50 for sell.








Case4.a: This pic show sell order with SL case4









Buy entry =130.50 (H1) 16 pips 7 pips (spread) = 130.73





SL = For this instance we don#8217;t even have SL at start cos previous sell had close. We don#8217;t put SL until SL principles apply. RSI (3) below 50 employ after our buy entrance signal. So we will use that as a SL. SL = L1 #8211; 16 pips = 128.92




Entry #8211; H2 = 130.73 #8211; 133.26 = 253




SL progress




128.92



130.73 (Entrance ) 50 pips = 131.23(Case2)



132.09 (L2) #8211; 16 pips = 131.93 (Case4)




Trade1 (T1) TP = 50




Trade2 (T2) TP = 100



Trade3 (T3) TP = 130.73 #8211; 131.93 = 120



Total profit = 50 100 120 = 270







*** No trade when MACD(7, 13, 1) lt; 30 Or gt;-30.



BE whenever in profit.



Instance:





1. 01 Jun 09 GBYJPY Buy order. (390 pips)




Component 1



Component 2



Component 3



Component 4




2. 02 Jun 09 GBYJPY Sell order. (88 pips)




Component 1



Component Two



Component 3https://www.nigeriaforextrading.com/...8644917177.ex4
https://www.nigeriaforextrading.com/...9598343094.ex4
https://www.nigeriaforextrading.com/...1209387627.ex4
https://www.nigeriaforextrading.com/...2393236762.tpl
https://www.nigeriaforextrading.com/...4673781194.tpl
https://www.nigeriaforextrading.com/...1162993800.mq4