FREE FOREX STRATEGIES

Advanced strategy #10 (Trend Line Trading Strategy)


A truly great work has been done by Myronn, the author of the current Trend Line Trading Strategy.
Support-resistance trading, trend line trading, checking higher time frames, money management — the strategy has a concrete-like theory base and a simple implementation — a winning combination, that places it into the category of advanced strategies.

Remember, your feedback, comments and suggestions are always in great demand!

Edward Revy

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Thanks for giving a little bit of feed back on your demo. If you don't mind, could you give a rough estimate of your average wins/loss, pairs traded,times traded and anything else that can help like max consecutive loss and wins.
I would have thought 6% is a very large trade but if all the stats add up i guess there is nothing wrong wih it.
Even if you could post some screen shots of your setups that'd also be appreciated.

Best of luck going live. Matt

I have been demoing this for a month now and have generated over 400% returns with about 6% at risk per trade.
I am going live in 6 days with a 4500 USD acc at FXCM.
If anyone here is already trading this strategy live or just doing a demo,add me on MSN messenger at biz.bold (at) zappmail.net or on Yahoo messenger (yahoo messenger supports the adding of msn contacts so it will work the same)and we can perhaps help each other in finding potential trade setups as it can become tedious to check many currency pairs and 4 eyeballs are better than 2 :P - let alone the timezone differentials.

Guys. When pros consistently tell you to trade with trend, then trendline is the best choice than MAs due to more people obey it and is more consistant and non-lag. Theres other strategies that may go with this one,, try looking at trendline breakout and Risk-reward page. Very helpful for me.

I want to thank Edward and Myronn for putting hard work in testing and developement of systems. Very rare in forex world where these kind of people exists.

Best Regards,
Raju

Hi all.

Just seeing if the 'User' 2 posts back could give an update on progress? I remember reading this system a while back but never really looked into it further, I guess because Myronn stopped posting but i can't remember. The thing i must have overlooked last time i read it was the trading times Myronn was using. Being in OZ myself i couldn't think of anything better than trading those times. Anyway, I hope you update us with your progress.

Matt

Myron,I love you.

tanks for all
zezo

Thank you, gskinner

your contribution is greatly appreciated!

Best regards,
Edward

Here is the ELD file:
ZIG_ZAG_2009-08-22-10-26-12-771_1.ELD

gskinner

Hi all!
We started to test this system on demo account in tradestation. I found a ZigZag script in old (TS2000i) format, made some changes, now it's works in TS8. The eld file contains 3indicators, functions etc., so you can use "ZigZag trend" indicator, in the inputs you can change the "retrace", I think 0.3 is the best choice, equal to MT4 indicator.
Hope this helps.

gskinner

Hey Myronn,
your system look good but i can't add your email yahoo say your email not valid

Thank you, Jacinto

Taking 9 MA into account everything went according to the plan.
There was one nasty retracement afterward though, which you successfully survived because your initial stop was placed correctly.

Well done and inline with the rules!

Best regards,
Edward

I Edward, i hope you are doing well.

I have a nice example trade for the Website on the Advanced # 10 Strategy.
see chart attached.
Please take a look at it and let me know what you think.

Using the 9 SMA as confirmation worked out very well.

Trendline trading EURGBP strategy

Best regards
Jacinto.

Thank you. It means a lot to me and my team!

Happy trading!

Edward

This system may not be the holy grail but it puts up SERIOUS NUMBERS. Patience is the key. Higher time frames gives the best results and less stress (for me). I trade during the open of the British for approximately 5 hours depending on set ups. ANY PAIR IS SWEET. Personally I use the gbp/usd, eur/usd, usd/chf, usd/jpy, aud/usd, aud/jpy, gbp/jpy, and usd/cad. I have approximately 4-5 set ups per day with usually 1 or 2 pairs bouncing back to the trendline to trade again. The only thing that i have changed with the stategy is how to figure out the daily trend. Myronn's forex game is sweet because he is able to do it by eye. Personally i use the 200 sma on the daily chart to give me the direction to trade for the day. I use the hourly chart to draw my trendlines and initiate trades on the 30 minute chart. My take profit and stop loss is a little different. you will get better with this issue as you demo and practice and find what suits you best. But Myronn gives you a perfect example of how to get out of trades in his first submission.
Honestly ladies and gentleman I was weary at first and like many will by pass this information and use it as forex food for thought. But when i saw his numbers and his strategy it really caught my attention. Ive been in the forex game for 3 1/2 years and counting. Lost serious money and NEVER had a winning month. Usually due to discipline and not realising the system just did not work. These last three months 1st month demo and 2nd and 3rd live account I have been profitable. This month, which will be the 4th month Ive made the money back I've lost from the 3 1/2 years of trading live and made significantly more money.
Im not selling nothing of course because this site is free. Which by the way Edward, God Bless You, because there are not too many things you can get for free these days and i know its hard work keeping this site running.
Enough of me rambling but one more last thing.

MYRONN I DO NOT KNOW WHO YOU ARE OR WHAT YOU DO. BUT I WOULD LIKE TO SAY THIS TO YOU.

THANKS A MILLION

To everyone else, good luck, practice, patience, discipline and FIGURE IT OUT because it is right here in front of you for FREEEEEEEE. It took me a hard week to understand which time frame best suited me, take profit, stop loss, trendlines drawn according to the strategy etc. and when the numbers started rolling in, my weary thoughts became confidence in the system. And I went live. 3 1/2 years of getting my butt wipped. hours upon hours upon hours glaring at the screen, reading books, taking classes, and oh yes buying EA's from off the internet and much more. And all it took was this guy named Myronn and Edward from a free site to start making real money. Life is crazy!!!!!!!!!!

wow! nice.


 

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