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Simple profitable strategy with 3 indicators: +11% profit on Gold 29-31 October

Discussion in 'Forex Trading Systems and Strategies' started by erik59, Nov 4, 2014.

  1. erik59

    erik59 Private

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    Hello All

    This is a simple strategy i would like to share. Its a trend following strategy based on Bill Williams profitunity system. BW developped the chaos trading approach of trading.

    This how i trade it:
    3 indicators:
    - Awesome oscillator on MT4 (i used a different version developped by a friend)
    - Alligator on MT4
    - Fractals box (indicator made in using the fractals also on MT4)

    TF: It could be any from M1 to D1, but we look at the TH 4-5X time higher for direction for example, i like to trade H1 i checking H4 for direction (i look also at D1 for overall picture)

    Basic rules:

    Entry:
    We take the break out of a fractal box when alligator is sleeping or starting to opening.
    SL is at the other side of the fractal box (box must be tight, i e inf to 40 pips por H1) in order to spot 1-2 (Wave 1 followed by Wave 2 - ref: Elliott Waves)
    AO must be close to the Zero Line.
    Entry must be as 4X higher TM has an alligator open (trendy)

    Exit:
    If price goes vs us, exit just above the candle who triggered the order or if the setup looks good, other side of the fractal box
    If price goes with us, we use the lines of the alligator (green if there is divergence between price and AO, red if there is not) but the best exit is when price breaks the other side of the fractal box)
    Of course, exit depends of how the 4X time chart looks like.
    I use sometime fibonacci numbers
    I tend to bring SL to entry level when price moved +1% and i usually protect 30-45% of my profit when price made>+1% profit.

    To be successful, you need to be familiar with Elliott waves analysis but the AO does help you for that

    Here is an example on gold last week 29-31 October H1

    Its downtrend on the daily chart and we expect wave 5, on H4 the direction is south also. We take the break of a lovely double lower H1-H4 level of the fractal box. We have no exit signal but we exit always before the end of the week, for +550 pips

    Video of the trade
    [video=youtube;aP0VwXy3QBE]https://www.youtube.com/watch?v=aP0VwXy3QBE[/video]

    Thanks for your attention

    Happy Trading
     
  2. erik59

    erik59 Private

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    Hello

    Trade of the week: Good +120 pip profit (+4%) trade on USD/CAD H1 on 3-5 November 2014


    On H4, its an uptrend with alligator open, we had a first break of the fractal box on H1 and after a <span class="glossarylink">

    <a href="!m!vbglossar.php?do=showentry&item=retrace" onmouseover="return overlib('After spike price action back in the direction of the pre-release price. Forex Traders Glossary');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="!m!vbglossar.php?do=showentry&item=retrace" onmouseover="return overlib('After spike price action back in the direction of the pre-release price. Forex Traders Glossary');" onmouseout="return nd();">retrace</a>



    </span> we take this second break. The price flies and is always above the red line, we exit when the candle crosses the green line after the 3rd divergence (not before as the H4 ewave was still close to the zero line and was peaking)


    Video of the Trade

    [video=youtube;xQorOjZbKuQ]https://www.youtube.com/watch?v=xQorOjZbKuQ[/video] UCAD 3 Nov  VE.

    Cheers
     
  3. erik59

    erik59 Private

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    Hello

    Trade of the week 2: EUR/JPY H1: 13-14 November: +134 pips (+4%)


    On H4, the alligator is opening and the ewave is starting to peak. We take the second break out of the fractal box on H1 (on the first break, the risk is too high with a SL at more than 60 pips), the initial <span class="glossarylink">

    <a href="!m!vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="!m!vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">stop loss</a>



    </span> is below the green line as we are in an investing mode (32 pips), the price goes up slowly but surely and we exit on Friday afternoon, we have a perfect exit when the prices reaches the monthly highest for +134 pips.

    eur jpy 13 14 nOV ve.

    video of the trade:

    [video=youtube;3SgEblsuwxw]https://www.youtube.com/watch?v=3SgEblsuwxw[/video]

    Cheers
     
  4. erik59

    erik59 Private

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    Hello


    Trade of the week : EUR/USD H1: 21th of November: +135 pips (+3.5%)

    This one is a contre-trend trade. On H4, its downtrend and we expect the wave 5, on the 19th we do have a BDC indicating a possible change of H4 direction, so we look at a setup on H1; We have a perfect one on the Friday London Open with a lovely inferior level of the fractal box. We take the break and the price dropes, we have a perfect exit at the bottom of the D1 box for +135 pips.

    eurusd 21 NOV ENG.

    Video of the trade:

    [video=youtube;dcdRdnfs6C8]https://www.youtube.com/watch?v=dcdRdnfs6C8[/video]

    Cheers
     
  5. erik59

    erik59 Private

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    Hello

    Trade of the last Week: EUR/USD H1: 2-4 December: Amazing +10% (+140 pips)


    This is downtrend on the daily chart, on H4, we have a sleeping alligator and the fractal box is big so the price has space to move. The 2nd of Decembre at Francfort Open, we have a H1 setup with a sleeping alligator and a very tight box, we take the break and the price moves down harmoniously, we exit 2 days later when the price breaks the upper level of the fractal box for +140 pips, an amazing +10% profit trade.

    EU 2  4 december VE.

    Video of the Trade:

    [video=youtube;lefTjid6qk4]https://www.youtube.com/watch?v=lefTjid6qk4[/video]

    Cheers
     
  6. erik59

    erik59 Private

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    Hello

    Trade of the Week: XAU/USD H1: 9-10 December: +200 pips (+3.5%)

    On H4, we have a perfect setup with a sleeping alligator and an Ewave about to cross the zero line, we look for an entry on H1. On H4, we missed the first break of the fractal box during the night and the second break before Francfort Open. We take the third break as the price did not go far and our initial <span class="glossarylink">

    <a href="!m!vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="!m!vbglossar.php?do=showentry&item=stop+loss" onmouseover="return overlib('A price you enter on your trading platform to limit the maximum amount of pips you can lose on an open trade. If the price moves against you and touch [...]');" onmouseout="return nd();">stop loss</a>



    </span> is below the green line because we are in an investing mode (Risk: 60 pips). The prices flies and we exit at the candle who closes below the green line after the divergence for 200 pips (+3.5% Profit).

    gold usd 9 10 DEC.

    Video of the trade:

    [video=youtube;H_8pxWapr4s]https://www.youtube.com/watch?v=H_8pxWapr4s[/video]

    Cheers
     
  7. erik59

    erik59 Private

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    Hello and HNY

    Trade of the Week: GBP/USD H1: 2 - 7 January: +19.5% Profit (+390 pips)


    A monster campaign on <span class="glossarylink">

    <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/Cable/" onmouseover="return overlib('This is a slang term used to refer to either the GBPUSD currency pair or just to the GBP. The name comes from the earliest form of electronic...');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/Cable/" onmouseover="return overlib('This is a slang term used to refer to either the GBPUSD currency pair or just to the GBP. The name comes from the earliest form of electronic...');" onmouseout="return nd();">Cable</a>



    </span>: It starts on the first day of the year of trading at Francfort Open: On H4, the ewave is about to cross the zero line and the alligator is sleeping, the price broke the level but did not go. On H1, we have 6 <span class="glossarylink">

    <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/candles/" onmouseover="return overlib('Also known as candlesticks. A very popular method of displaying the Spot price on charts over a time period. The candle takes the form of a rectangl [...]');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/candles/" onmouseover="return overlib('Also known as candlesticks. A very popular method of displaying the Spot price on charts over a time period. The candle takes the form of a rectangl [...]');" onmouseout="return nd();">candles</a>



    </span> with the same low and a very tight box! We put a <span class="glossarylink">

    <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/pending+order/" onmouseover="return overlib('An order that will not execute until the price reaches a level selected by the trader. Forex Traders Glossary');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/pending+order/" onmouseover="return overlib('An order that will not execute until the price reaches a level selected by the trader. Forex Traders Glossary');" onmouseout="return nd();">pending order</a>



    </span> below those 6 <span class="glossarylink">

    <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/candles/" onmouseover="return overlib('Also known as candlesticks. A very popular method of displaying the Spot price on charts over a time period. The candle takes the form of a rectangl [...]');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/candles/" onmouseover="return overlib('Also known as candlesticks. A very popular method of displaying the Spot price on charts over a time period. The candle takes the form of a rectangl [...]');" onmouseout="return nd();">candles</a>



    </span> and the price drops, the price makes 200 pips and we let it run (you could exit before the end of the session for +10% profit), we exit for +290 pips the 5th of January, that was our first entry. 2nd entry the 6th of January also at FO, the price has retraced and we have a very tight box, we take the break and the price drops again, we exit the 7th while the price broke the opposide side of the fractal box. We have +14.5% profit for the first entry (+290 pips) and +5% profit for the seconde entry (+100 pips)! What an amazing way to start the year!

    cable 2 - 7 jan.

    Video of the trade:

    [video=youtube;wgFphvsCe94]https://www.youtube.com/watch?v=wgFphvsCe94[/video]

    Cheers
     
  8. erik59

    erik59 Private

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    Hello

    Trade of the week: USD/JPY H1: 13 January: +2.5% Profit (+112 pips)

    On the 13th of January, the H4 alligator is open, we have also an inside bar. We look for a setup on H1, there we have a sleeping alligator and a tight box . We place the <span class="glossarylink">

    <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/pending+order/" onmouseover="return overlib('An order that will not execute until the price reaches a level selected by the trader. Forex Traders Glossary');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="http://www.forexpeacearmy.com/forex-forum/traders-glossary/tag/pending+order/" onmouseover="return overlib('An order that will not execute until the price reaches a level selected by the trader. Forex Traders Glossary');" onmouseout="return nd();">pending order</a>



    </span> below the box. The price drops and we exit when it break the box in the opposite side for +112 pips (+2.5%)

    USDJPY 13 JANUARY.

    Video of the trade:

    [video=youtube;GGagWxqaTIY]https://www.youtube.com/watch?v=GGagWxqaTIY[/video]

    Cheers
     
  9. erik59

    erik59 Private

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    Hello

    Trade of the Week: XAU/USD H1: 20-21 January: +2.75% Profit (+164 pips)


    On the 20th of January, the H4 alligator is open, it is an uptrend. We look for a setup on H1, there we have a sleeping alligator and a tight box . We place the <span class="glossarylink">

    <a href="!m!vbglossar.php?do=showentry&item=pending+order" onmouseover="return overlib('An order that will not execute until the price reaches a level selected by the trader. Forex Traders Glossary');" onmouseout="return nd();">
    <img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="!m!vbglossar.php?do=showentry&item=pending+order" onmouseover="return overlib('An order that will not execute until the price reaches a level selected by the trader. Forex Traders Glossary');" onmouseout="return nd();">pending order</a>



    </span> above the box. The price breaks the box and moves up and we exit when it break the box in the opposite side for +164 pips (+2.75%)

    Video of the trade:

    [video=youtube;ZDlPSuduUiQ]https://www.youtube.com/watch?v=ZDlPSuduUiQ[/video]

    Cheers
     
  10. erik59

    erik59 Private

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    Hello

    Trade of the Week: USD/CHF H1: 26-27 January: +2.5% Profit (+170 pips)


    On the 26th, the trend is up on H1, we have the ewave close to the zero line, there is a small divergence but this is London open and on H4, the ewave is starting to peak with a price outside the box, we take the H1 break, the price flies and we exit when it breaks the box in the opposite side for +2.5% Profit (=170 pips)

    Swissie 26 27 janv.

    Video of the trade

    [video=youtube;sWMO-zjuS1I]https://www.youtube.com/watch?v=sWMO-zjuS1I[/video]

    Cheers
     

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