Hello all,
I have been a lurker upon this forum for some-more than a couple of years. we have motionless to give behind to a FX village by pity a traffic process which has worked for me, finally, after 5 years of trying. we call it Trend Runner. Before we get in to it we would similar to to primary lay down a small manners for this thread.
1 – we know a process is not perfect. No process is. If we have something to contend about it, greatfully have it constructive. Back up what we have been saying.
2 – If we run in to any issues or instruct to ask something, greatfully embody a draft pic as great as supplement notes. It customarily creates it simpler to see what we have been articulate about.
3 – Please do not ask me about Eas since we do not hold in them.
4 – If we do not similar to a method, customarily leave. We have been all here to sense not come down upon any other.
5 – Do not be bashful to ask questions about a method, though please, do not fill a thread with elementary questions which have been answered a million times all over a web. If we do not know what time your attorney closes it’s candle, figure out, how am we ostensible to know.
6- If we have been code latest to forex, greatfully sense a basics. we will not answer a basement here.
7- we know which everybody has there own approach of trading. we have no emanate with we creation this complement your own, though prior to we proceed adding indicators, customarily try it out a approach it is.
OK, right away which we have which out of a approach lets get started.
TREND RUNNER
Trading Type : Swing Trading
Goal : To locate midst tenure swings in a citation of a over all trend.
Pairs : Any as great as all Forex pairs, metals, oils, bonds & CFD’s. we operate AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, USD/CHF & XAU/USD (GOLD).
Time Frames : 4 Hour as great as upon top of is recommended. we operate 4 Hour.
My broker: Oanda.
Indicators: 200 SMA (Levels 50 & -50), Support & Resistance (Barry) & Super Trend. we will embody we additional apparatus called Signal bars Daily. It is not an indicator. You will not bottom trades off it. It is a MTF apparatus which shows we a over all strength of any TF for a span it is on. It additionally has a each day open, tall low trill equate as great as stream spread.
Money Management: Everyone has their own risk tolerance. Here we will insist my management. we proceed a latest month a same way. we proceed with my stream change as displayed in my account. To which we supplement a domain being hold by my attorney for any stream open trades. Finally we supplement a worth of any cumulative distinction upon any open trades which have not nonetheless been satisfied though have been cumulative by stoploss.
As a note, if your stream traffic is opposite you, be certain to reduction a full 2% which was @ risk.
I operate this worth until a finish of a month no have a difference how many wins or waste we have which month. Why we competence ask? My risk is regularly 2% of change per trade. But which volume changes with any trade. If we risk 2% after a win & take a loss, it will clean out some-more afterwards 2 % of a strange change amount. If we afterwards take a traffic formed upon a after detriment change & operate 2% & it is a essential trade, a volume will be reduction afterwards we would have done had which volume been formed upon a strange monthly amount. Get it?
Now, since a suspicion of this process is to locate midst tenure trends, we need to let a traffic breath. we operate a immobile stoploss of 100 pips for any traffic upon a H4 TF. The commencement of any traffic is a top turn of risk we will take when we trade. The suspicion of traffic is to minimize waste as great as uncover off gains.
Management of your traffic is important. What we do is once my traffic is +30 pips to a good, we pierce my stop to BE +3. we do which since which will during smallest cover my seductiveness as great as leave me a bit of distinction should a traffic go opposite me. After which point, for each 10 points of movement, we will supplement an additional trill to my BE. If, by a time we check, a marketplace has changed in your citation though has come behind a little, we will still supplement 1 trill for each 10 PIPS IT HAS MOVED IN YOUR FAVOR. For example, If a marketplace has changed 100 pips in your preference though is right away around contend 60 pips, we should have a the BE +10. That approach no have a difference what happens, we will secure 10% of a over all move. There is some-more subsequent in a reason of indicators. Please be certain to review that.
I know a upon top of is a bit many to take in as great as competence be a bit confusing. Here have been 2 examples which competence help:
Example 1:
June 1st change = $ 9500. Current domain hold by attorney $1500 for traffic 1 & $1500 for traffic 2. Trade 1 has 125 pips cumulative @ a worth of $2 USD a pip. Value $250. Trade 2 has 75 pips cumulative @ a worth of $2 USD per pip. Value $150.
Add it up. 9500 + 1500 + 1500 + 250 + 150 = 12900. This amount, $12900, is starting to be a basement of all trades executed during a stream month. So we work which out as :
$12900 X 0.02 = $258. Now with a bound 100 trill stop we order 258 / 100 = $2.58. If we operate MT4 for your traffic execution, we will operate 0.25 lots per trade. Its regularly improved to turn down afterwards up. If, similar to me, we govern off Oanda FXTrade platform, we will operate ( roughly) 25,800 units.
Example 2:
June 1st change = $ 9500. Current domain hold by attorney $1500 for traffic 1 & $1500 for traffic 2. Trade 1 has 125 pips cumulative @ a worth of $2 USD a pip. Value $250. Trade 2 has -50 pips @ a worth of $2 USD per pip. Value -$100.
Add it up. 9500 + 1500 + 1500 + 250 – 200 = 12900. This amount, $12550, is starting to be a basement off all trades executed during a stream month. So we work which out as :
$12550 X 0.02 = $251. Now with a bound 100 trill stop we order 251 / 100 = $2.51. If we operate MT4 for your traffic execution, we will operate 0.25 lots per trade. Its regularly improved to turn down afterwards up. If, similar to me, we govern off of Oanda FXTrade platform, we will operate ( roughly) 25,100 units.
Indicators & What They Are Used For:
200 Simple Moving Average (Levels 50 & -50) -
The 200 SMA is a many during large used as great as supposed Moving Average opposite all markets. It is generally utilitarian in prolonged tenure trading. In this process we operate a 200 SMA to uncover a over all citation in a stream TF. When cost is subsequent a line, we demeanour for customarily shorts. It helps if a line is additionally trending down though it is not necessary. If we take a reduced traffic since cost closes under, we meant a price, not customarily if it spikes through, as great as a 200 SMA is possibly prolonged or flat, a risk of a traffic is aloft which it will fail. That does not meant do not trade, it customarily equates to a expected metal cover of disaster is high.
Super Trend -
This indicator was grown by Olivier Seban as great as after upon Recoded by Jason Robinson, This indicator has a outrageous value of operative upon all a time frames in all markets.It is formed upon normal loyal operation (ATR). Blue indicates a bullish citation as great as red indicates a bearish trend.
Super Trend indicator relocating upon top of or subsequent a cost depending upon a citation developed. Olivier Seban repositioned formed upon a shutting day, which has a categorical value to filter fake signals which competence begin when a citation slows or during durations though trend. we operate it as a confirmation. If altogether citation is down, afterwards we will customarily take trades when this indicator is red as great as cost is subsequent a 200 SMA.
Support & Resistance (Barry) -
This is a elementary await & insurgency indicator formed upon fractals. This indicator REPAINTS until cost essentially is reliable a couple of candles later. This indicator is used as destiny stoploss levels/profit secure levels.
Your finished draft should demeanour similar to this if we operate a enclosed MT4 template:
In a subsequent post we will get in to how we traffic this process & supplement a indicators as great as template.
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EVERYONE PLEASE READ
The S&R levels have been used for latest Stops/Profit protection. Sometimes, however, they do not uncover up for a prolonged whilst which we privately do not thoughts if a marketplace is customarily bouncing along. However, if my trades have been in low profit, we can regulate my stops with out watchful for a S&R to uncover up. You can see latest levels of S&R even if we do not see a indi uncover up. It is a income government decision. If your ok with watchful for them great, if not regulate your trades as we wish.
This thread was proposed for a method, not a income management. we discussed my income government to give people an suspicion of what & how we carry out a trades. we have showed this process to a couple of colleagues. Some of them favourite my MM method, a small did not. One of them uses PSARs, we hold his settings have been Step 0.02, Maximum 0.2. we essentially favourite which a single though customarily stranded with cave since it works. He is gentle with that, we am gentle with mine. My friend uses programmed Trailing Stops. Some a single else moves his stops to each S&R immature & red. If it brakes as great as closes, he moves his stop.
You guys see what we am removing at? You contingency be trained though do not be so firm which we remove income customarily since a line didn’t uncover up upon your chart. Come up with a MM process which functions for you. Don’t operate cave if we do not hold in it. Make a single which functions for you, operate a small of a ones which my colleagues use. The bottom line is, we have been here to have a small money, lets go have it.
I instruct review as great as see what we guys have been doing, post a small charts as great as let me know what we guys have been traffic as great as what MM process we have been using.
Another discerning note about formulating a MM scheme.
Please go live. Even if it’s customarily a couple of cents a pip. If we dont, we will find yourself in a universe of difficulty if we can not hoop how your MM functions with genuine income VS demo.
Take care-
-ILZ
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EVERYONE PLEASE READ
OK, it seems which people have been confused. we suspicion we explained it great though we theory not.
When to come in check list:
PRICE CLOSE ABOVE/BELOW 200 SMA?
YES – MOVE TO NEXT QUESTION
NO – STOP
PRICE CLOSE ABOVE/BELOW SUPERTREND? BLUE FOR LONG, RED FOR SHORT?
YES – MOVE TO NEXT QUESTION
NO – STOP
This seems to be a partial which many who do not get it have been confused with.
IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, PRICE MUST CLOSE AT LEAST thirty PIPS AWAY FROM THAT ESTABLISHED S&R.
IF THERE IS A ESTABLISHED S&R INFRONT OF YOUR TRADE, LONG OR SHORT, LESS THAT thirty PIPS AWAY, PRICE MUST BREAK AND CLOSE THAT ESTABLISHED S&R BY ANY AMOUNT.
Stop Adjustment:
ONCE PRICE MOVES thirty PIPS IN YOUR FAVOR, ANYTIME DURING OR AFTER INITIAL ENTRY CANDLE, MOVE STOP LOSS TO BE +3.
FOR EVERY 10 PIPS OF TOTAL MOVEMENT, NOT JUST CURRENT PRICE, MOVE BE +1.
MY INITIAL STOP IS 100 PIPS UNLESS THERE IS AN ESTABLISHED S&R THAT IS CLOSER THAN 100 PIPS.
YOUR STOP CAN BE WHAT EVER YOU WANT.
Closing trades:
IF PRICE CLOSES ACROSS SUPERTREND. DOES NOT MATTER ID SUPERTREND CHANGES COLOR OR NOT.
IF PRICE CLOSES ACROSS 200 SMA.
IF PRICE CLOSES ACROSS S&R IN OPPOSITE DIRECTION OF CURRENT TRADE.
That is all a basics. Every alternative scrape knack subject is answered via a thread. If we have been not starting to take a time it review all a answers people & myself courteously posted, which is upon you.
But a unequivocally not which hard. The complement is simple. Do not mystify it.
-ILZ
I come in prolonged when -
1- cost closes upon top of ( IMPORTANT – PRICE MUST CLOSE ABOVE NOT JUST SPIKE THROUGH) a 200 SMA. It should transparent a 50 turn of a 200 SMA
2- Super Trend is Blue
Short positions-
I come in reduced when -
1- cost closes subsequent ( IMPORTANT – PRICE MUST CLOSE BELOW NOT JUST SPIKE THROUGH) a 200 SMA. It should transparent a -50 turn of a 200 SMA
2- Super Trend is Red
Stoploss-
I place a primary stoploss of 100 PIPs upon all trades.
Managing Trades-
If/when cost moves thirty pips in my direction, we pierce my sl to + 3. For each 10 pips cost moves for me, we supplement 1 trill to BE. Once a latest support/resistance line is reliable (usually inside of 3 candles), we pierce my SL to which line + 3.
My exits have been when cost takes me out.
That’s it for a basics. Here is a shade shot with a small records upon how it would work for a long. This is a cherry picked shade shot. we will speak about not so undiluted trades in a destiny post. Also find a indicators as great as my template.
As we see, cost has changed from subsequent a 200 SMA & sealed upon top of a 200 SMA. Supertrend is Blue, cost pennyless as great as sealed upon top of an determined insurgency point. That is what we similar to to see. This is a undiluted proceed to a long.
Scenario 2
Price has been above/below a 200 SMA we took a traffic though right away I’m out, how do we get behind in?
If cost is bouncing around in between S/R, we wait for for for for it to mangle as great as tighten above/below a stream determined S/R
Scenario 3
What if cost is upon top of SMA though subsequent a Supertrend & Supertrend is Blue or clamp versa? In this situation, we would wait for for for until cost sealed upon top of a blue supertrend prior to we take a trade. In a design subsequent we additionally have a determined insurgency point. Before we take this trade, cost would need to tighten upon top of both a supertrend as great as a insurgency point.
Scenario 4
In this pic, we see because we similar to to wait for for for for a mangle as great as tighten of s/r line. If a marketplace is customarily ranging, a no great to me. This is a 3 week range.
These have been a many usual scenarios we have encountered. If we come up with any more, greatfully embody a pic shot as great as a short reason of what a complaint is.





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