Another Simple System - Profitable intraday trading
Hello. A long time ago on our site there were no indicator strategies, it is worth filling this gap. This time we’ll talk about the strategy that has gained great fame due to its profitability Another Simple System. Justifying the uncomplicated name, the TS is simple, but effective. The key idea is to enter the trend following the price movement, with filtering by the oscillator. In principle, even a child can trade in the system.
Vehicle Features Another Simple System
Platform: Metatrader 4
Currency pairs: EURUSD, GBPUSD
Trading Time: London Session and the Beginning of the American
Recommended DC: Alpari, Roboforex
It is carried out according to standard instructions. Please read the instructions - everything is there.
- TDI indicator
- Round Level Indicator
- Session Indicator
- Candles Heiken Ashi
- Three moving averages of EMA with periods of 10, 200 and 800.
- Price must be above 200 ema
- TDI should be below level 68
- To enter the deal, we are waiting for the intersection of the green TDI line with the red one from the bottom up.
- We are waiting for a new intersection at the price of 10 em from the bottom up
- Price should be below 200 ema
- TDI must be above level 32
- To enter the deal, we are waiting for the intersection of the green TDI line with the red from top to bottom.
- We are waiting for a new intersection at the price of 10 em from top to bottom
Stop Loss and Take Profit
Stop loss fixed 20 pips. You can increase or decrease its size if you want. I advise you not to wait for the full stop to work, but to exit when crossing TDI against the deal.
Take profit is either fixed (equal to stop loss), or exit at the intersection of TDI lines, the opposite position.
- Near 200 ema it is better not to open deals.
- After the start of the American session, new signals can only be taken if they appear in the first 2-4 candles after the opening of the session. Later signals are usually unprofitable.
- Pay attention to round price levels.
- If the price approaches 800 ema, you should take a profit and wait for a rebound or breakdown. Similarly with 200 ema.
- Transfer the position to breakeven (transfer stop loss to the price of opening a position) upon reaching a profit of 12 points. This will insure you against sharp price reversals and subsequent losses.
- Take no more than 2% of the deposit in one transaction
Trading strategy Another Simple System no doubt of interest and deserves attention. In the text part of the article only the basic rules of the system are presented. For a complete understanding of the methodology for working with Another Simple System, see the video at the beginning of this post.