Online Lebanese Community ..
Home Home    Forum    Search    FAQ    Register    Log in
 
fxcm
 

Users browsing this topic: 0 Registered, 0 Hidden and 0 Guests
Registered Users: None


Post new topic  Reply to topic Page 1 of 1  
Munzer Forex system #2
Author Message
Reply with quote  
Post Munzer Forex system #2 
 
Current Forex system was submitted by Mohammed Munzer - our valued contributor.

hello all
timeframe: daily
EMA(34)
SMA(150)
Double CCI (CCI=50 and CCI=14)
Full stochastics (5,3,3)

- When price is between EMA(34) and SMA(150) Do not trade

- Trade long when EMA(34) is over SMA(150) and a daily candle crosses
EMA(34) and closes over it by putting an entry order 10 pips above the
candle's high taking into consideration that stochastics lines are up and
not in the overbought zone

- trade short when EMA(34) is below SMA(150) and a daily candle crosses
EMA(34) and closes below it by putting entry order 10 pips below the
candle's low taking into consideration that stochastics lines are down and
not in oversold zone

- Exit depends on stochastics lines crosses
Stop loss= 75% Daily ATR

- You can repeat entrys after retracements towards EMA(34) or towards "NO
TRADE ZONE" depending on double CCI patterns trend continuation and trend
line break only if stochastics and entry conditions returns valid -closing
above EMA(34) for long or below it for short and with entry orders 10 pips
above for long and below for short.

Thank you once again!



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




Offline View user's profile Send private message
Download Post Back to top Page bottom
Reply with quote  
Post Further clarification 
 
Mohammed Munzer - South Lebanon

In this daily chart, it seems that from candle 1 to candle 8 , no trading conditions are available .
On the close of candle 1,Stochastics are in the overbought zone, and from candle 2 till candle 7, the stochastics lines are oriented downwards.
Entry conditions became valid at the close of candle 8.
EMA(34) is over SMA(150) and the daily candle crossed
EMA(34) and closed over it while stochastics lines became oriented upwards and not in the overbought zone, so we put an entry order 10 pips above the candle's high
I.E entry is at : 1.3670+10=1.3680
Stop loss: 92*70%=64.4 rounded to 65
Stop is at 1.3680-65=1.3615
Closing position is at the close of candle 15 because of the stochastics lines crossover downwards
close is at 1.3881
gain= 1.3881-1.3680=201 pips .
hint: Donot hesitate to move stop loss day by day in the way that suits trader's desire.

Another entry is done depending on Double CCI by using trend continuation pattern.
At the close of candle "a" ,EMA(34) is still above SMA(150) and CCI(50) is over ZL level and CCI(14) crossed this ZL
Stochastics lines are upwards
Entry is done 10 pips above the candle's close high
I.E entry is at: 1.4170+10=1.4180
Stop=89*70%=62.3 rounded to 63
Stop is at: 1.4180-63=1.4117
Close is at the close of candle "h" 1.4292 as stochastics lines crossed downwards
Gain= 1.4292-1.4180=112 pips

 Image



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




Offline View user's profile Send private message
Download Post Back to top Page bottom
Reply with quote  
Post Re: Munzer Forex system #2 
 
Mohammed Munzer - South Lebanon

In the past posting,
It was a Euro/USD chart analysis for this system

Now this a USD/CHF daily chart analysis.

Candle "A" closed below EMA(34) which is also below SMA(150)
Stochastics lines are downward too
Entry point is at : 1.2020-10=1.2010 (candle's low - 10)
Stop loss= ATR*70%= 80*70%=56 points
Stop loss is at : 1.2010+ 56= 1.2066
close position is at 1.1884 at the close of candle "C"
gain= 1.2010- 1.1884= 126 pips

Re-entry is done at the close of candle "1" when price get back towards EMA(34) and closed below it with a CCI trend continuation sign by the cross of CCI(14) to ZL
Entry is at candle close low - 10
I.E at 1.1775-10=1.1765
Stop loss = 88*70%= 62 (rounded)
Stop loss is put at 1.1765+62=1.1827
Closing position is done at the close of candle at 1.1776
So, if the trader has not moved stop level every day's end the trade
losed : 1.1765-1.1776= - 11 pips
But by using stop trailing such trade is a succeeding trade as abviosely noticed.

Hint: Donot forget to move stop loss in the way suiting U

Image



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




Offline View user's profile Send private message
Download Post Back to top Page bottom
Post new topic  Reply to topic  Page 1 of 1  
Display posts from previous:   
Was this topic useful?

 

Choose Rating:                       

Average Rate Minimum Rate Maximum Rate Number Of Rates
0.00 0 0 0
Similar Topics
Topic Author Lebanon Forums -HiLEB Replies Last Post
No new posts Munzer Forex System forex Forex Trading Strategies 1 07 Aug 2008 09:54 View latest post
forex
No new posts What Is Forex HaCkEr Beginners Area 27 06 Oct 2007 12:09 View latest post
SToRm
No new posts Sticky: Forex Glossary Sponsor Beginners Area 0 30 Apr 2007 05:27 View latest post
Sponsor
No new posts Forex Trading AMAR_JNOUB Forex Lobby 1 18 Oct 2007 22:41 View latest post
HaCkEr
No new posts [HaCkEr] My Forex Deals HaCkEr Forex Lobby 17 15 Oct 2007 17:28 View latest post
ICON
 
Permissions List
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum
You can post calendar events in this forum