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#17 (Trendlord on Sweetspots!)

Submitted by Trader.

I have been using this strategy for over 4months with 96% success. It uses 3 indicators, sweetspots, Trendlord and Super profit.
The system made 3000 pips last month alone and I have decided to share this system as it seems accurate enough to any Forex trader ( I did add alerts to enable me receive alerts via email when my strategy is met.)
I really never regretted trading the system as it is simple and straight forward and easy to spot entry and exit..


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thanks for this strategy,, but there is a problem with the trendlord indicator. It thus repaint and that give give a huge problem when it comes to a ranging market... What will u suggest as the filter for this system.......

Hey Thomas, Where you So many questions no response, hope you are doing alright.
Regards,
Chim

Hi Chim

thank you, I'm doing great.

I'm not the author of the system, if this what you mean. I simply came to answer a few questions.

Regards,
Tom

Please let me know what is the sttings for sweet spot and other indicators

To User:
I have been reading a few strategies and your name keeps coming up with repainting questions, and needing help to pull something up on your charts. It seems to me like you are new to all of this and it's quite disturbing.

This is what I want you to do. Take everything off your chart and observe it. Tell me what you see. Lesson 1 is being able to observe! You must understand price action first and foremost. You seem to be jumping from one thing to the other without understanding the first step before heading to the next.

Yes, ... it is very very important to understand, that absolute NO indicator can tell you, what will happen in future! ... no one / nothing can tell you ... a proper working indicator will repaint, that is part of its coding, it must repaint to show the latest price movements ... and you have to understand that there is no "christal ball indicator" ... all what traders can do is, to watch movements and the action and make some reactions ...

Greetings from Hamburg/Germany,
Dietmar (DL4HAO)

Have you changed any default setting

Hey Trader...I like the system, yes it's simple and straightforward. I'm assuming your Red/Green line is the LSMA, yes? One could possibly substitute the Hulls' (HMA) with a 20/1 setting (or play around to tweek) as the Trendlord is nothing more that a 20/21 EMA crossing of price. Price above 20/21 EMA, Trendlord turns Green...below, it turns Red. And yet the 21 EMA is a fib number and many folks use it (or the 20)..no big yank as they're very close.

The "sweetspots" I'm new to...but like what I see...it's good to see price break incremental levels, thus setting up the next level as a possible target. Lastly some folks asked about targets/stops. As I see it, price, if in a downtrend (below the Red Line), STAYS under it until it decides to reverse, therefore a logical target to take profits would be when price "hops over the line" as in your chart. Plus if price then decides to hop back over onto the other side (back to Red) and your Trendlord is still Red...re-enter the short.

Stops? After you've taken profits at about 50 pips or so (based on Traders experience with his average trade size), you can simply use the 2-3 candle "manual trail stop" or one of your choosing. Another good method could be to drop the trailing SAR as well.

Remember, you cannot go broke taking a profit, Pigs get slaughterd (don't be greedy) AND, the number one astonishing fact about Forex? It's open 24/7 so trades will ALWAYS be available...so be smart and take ONLY the best setups ;)

~ Mongo