Forex trading strategy #5 (5x5 Simple system)

I Found Choppyness Index at Neuroshell Software (They used almost new sophisticated Indicators e.q. Jurik Moving Avargae, Choppyness Index), so i ask my friend to convert to mq.4 for Metatrader.4 so thats the Indicators you can download now. Thanks

All The Best

Manus168;

Last Sunday i heard G7 have got a meeting, so i decided to take action cut half my position & tightened my SL to BE + 20 pips (so i break the rules before), & early Monday morning like i prediction Market have gap ups & not came back again like usually they did (i saw if EUR/USD pairs Gap Ups usually came back again to the Gaps called "Dead Cat Bounce" Charts pattern, you can studied this patten from ebook Ensiclopedia Of Charts Pattern By Thomas Bukowlski; but this time is Different, those pairs don't came back).

Btw, nothing to lose, actually im still have a little bit Profit because i take a precusive action according the G7 Meeting (half from 138 pips & + 20 pips from Move Stop Loss to Break Event + 20 pips), so far so good.

Here's the Screenshoot in 3 hours charts so we can look in the detailed process story:

The Bottomline 5x5 System can be used in real live trade (not just only a theoretical but in practical - live real world trading) But Please you must try it in the demo account first.

Regards;

Manus168

Here's the Coppyness Index Formula if you want to studied:

((log(sum(atr(1),14) / (hhv(if(H,>=,ref(C,-1),H,ref(C,-1)),14) -
llv(if(L,<=,ref(C,-1),L,ref(C,-1)),14))) / log(10))/(log(14)/log(10))) * 100

All the Best;

Manus168

Hi Manus168,

Thank you for the great and detailed introduction of a new indicator!
With your help the strategy now got a new trading approach and filter.
Great job!

Regards,
Edward

You're welcome Edward, btw you are the Man, you did a great thing by share this magnificent 5x5 Trading System; i owe to you Bro.

All The Best;

Manus168

Great strategy, but exist strategy seems still missing or I miss it.

Exits rules are not given, I guess one should use some sort of trailing stop strategy.
Basically the system gives you a winner, all you have to do is to control with how much pips to exit. If you entered a loser, you get an exit signal for it - a close on the opposite side of 5 SMA and RSI signal.
I guess you can as well use opposite signals to close one trade and enter another in the opposite direction.

Rich

does the slope of the RSI have to be positive when entering a long ?