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Complex trading system #1 ("Multi-conditional")

Currency: ANY
Time frame: 1 hour + 30 min + 5 min.
Indicators: 14 EMA, 21 EMA, 50 EMA, Bollinger Band (20, 2).

Entry rules: Enter on 5 minutes chart.
On 5 minutes chart, for uptrend:
if 14 EMA is above 21 EMA,
then if both 14 EMA and 21 EMA are above 50 EMA,
then if 50 EMA is within the Bollinger Bands borders,
then...

go and check 30 min chart:
if price bar is a up-close bar and sitting on 14 EMA or 21 EMA
and same again:
if 14 EMA is above 21 EMA,
then if both 14 EMA and 21 EMA are above 50 EMA,
then if 50 EMA is within the Bollinger Bands borders,
then...

go Long...

OR go and check if 1 hour chart meet same conditions as for 30 min chart and then go Long.
If at least one condition is violated – stay away.

The reverse is for the downtrend:
Enter on 5 minutes chart.
On 5 minutes chart, for downtrend:
if 14 EMA is below 21 EMA,
then if both 14 EMA and 21 EMA are below 50 EMA,
then if 50 EMA is within the Bollinger Bands borders,
then...

go and check 30 min chart:
if price bar is a down-close bar and touching 14 EMA or 21 EMA
and same again:
if 14 EMA is below 21 EMA,
then if both 14 EMA and 21 EMA are below 50 EMA,
then if 50 EMA is within the Bollinger Bands borders,
then...

go Short... or go and check same rules for 1 hour chart and only then enter Short on 5 minutes chart.

Exit rules: exit when any of the conditions is violated or when the profit is high enough to close the trade.

FOREX TRADING SYSTEM



http://forex-strategies-revealed.com/


This is a good method. Please also post more methods that use 2 or 3 time frames.

Hi, anyone trading this system and found success with it?

I'll skip on this one.

Trader_Lou

hi u dd great jod but what do yu mean by 'if price bar is a up-close bar and sitting on 14 EMA or 21 EMA' i nt understand that.
And in the chart here it is a short condition?
thanx,
jatin

Hi Jatin,

Up-close bar is a bar with Close price higher than bar's Open price.

Down-close bar is an opposite: it opens at higher price, but closes at lower price.

Up-close bar is often seen as a gren colored bar on many trading platforms, it is also called a bullish bar.

Down-close bar is colored in red and called a bearish bar.

Tommy

Hi Tommy,

I understand your written system, but its not identical with the 30 min and 1 hour chart. The 5 min chart shows a long situation identical with trading system. But now change in the 30 min chart(also 1 hour), i don't see a current up-close bar which sitting or touching the EMA 14 or 21. Current I see only a down-close bar under!!! the EMA's. Where is the necessary up-close bar for this long trade?

Steffen

Ahhh, sorry, now I get it.
there is no up-close bar on 30 and 1 hour chart.
On the shot above there is only one condition met - for 5 min chart. For the rest, it's not been met yet.
And so if that is to be here and now one needs to wait for a "go" signal from higher TF charts.

Hi Tommy,

Do you have a performance report for any parity you can share with this foro?

We would appreciate it very much.

Armando