forexcakemix689

Full Forex Trading System- TREACLE TART V1- FOREXCAKEMIX

// FOREXCAKEMIX TRADING SYSTEM- TREACLE TART V1

// INGREDIENTS :

CONFIRMATION INDICATOR 1- ELLIOTT INDICATOR (7,50)
CONFIRMATION INDICATOR 2- TRIX (11)
'VOLUME' INDICATOR 1- HAWKEYE
'VOLUME' INDICATOR 2- EXPLOSION (150,20,40,20,2)

OPTIONAL TO BE USED ALONGSIDE THIS INDICATOR TO MAKE THE FULL & COMPLETE, FRESH & TASTY 'TREACLE TART TRADING SYSTEM'

CONTINUATION INDICATOR- FOREXCAKEMIX MACD_VXI (13,21,8): (example rules are provided in the linked page)
EXIT INDICATOR- FOREXCAKEMIX QQE (14,5,4.236):


Risk Management/ Trade Entry and Exit Example:

For each trade, the SL (Stop Loss) will be set at 1.5 x ATR and the TP (Take Profit) at 1 x ATR.

Each trade to be split into two halves. Once the TP is hit in a successful trade, to move the Stop Loss of the remaining half of the trade to the break even point and then use the QQE to exit.

Continuations- Using MACD- if baseline has remained below baseline since last signal (the closing price), and the MACD agrees (e.g. in a long situation, if the MACD and the Signal line are above 0 AND the MACD crosses above the Signal line, then a continuation trade can be taken.

The maximum risk per trade is 1% of the account.

ATR (14)- default setting.

Trailing Stop Loss- This is optional and could be set at 1.5 ATR once your trade hits a certain (pre-defined) price after the TP is hit, e.g after 100 pips profit.

Chart Timeframe: Daily Charts

Suggested Currency Pairs:


Enjoy,
Peace & Love,
FOREXCAKEMIX
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