😎 Steps for building your own Trading System 😎Today I wanna said to you some steps for building your own trading system💪🏻
⭐ Step 1 - Explore Everything Created Before You
📌Analyzed markets
📌Methodology used
📌Depth of detail
It's possible, that you don'tneed a trading system, and you'll engage in discretionary trading, that is, trading by intuition.
⭐ Step 2 - Find Your Regularity
In order to create your successful trading system, you must know something about the market that others do not know.
Decide on the type of market in which you will work and the trading style.
⭐ Step 3 - Formulate Your Strategy
A profitable strategy, as a rule, is based on some idea, observation, a subtle market pattern, which is repeated often enough to be used in trade.
⭐ Step 4 - Test Your Strategy
Testing should be as correct as possible, objective and not leave a field of activity for speculation and illusion.
Don't forget about self - evolve and don't be afraid to analyze your mistakes. All of this will definitely lead you to success! 💪🏻💪🏻
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Below you may read about trading plan 👇🏻👇🏻👇🏻
Trading-system
Successful Long Trade (BOUNCER Market)In a Bouncer market like this is, the CONDI Trading System allows us to trade both long and short.
We only pull the trigger - and this is important - as long as our trading opportunity is fully confirmed.
Most technical studies show signals near to perfection while Mr. Bouncer is at play.
Recongnized a promising long opportunity 100% confirmed via the CONDI TS at point marked with the callout.
Trade successfully closed hitting profit-limit within a single 1h candle.
Happy CONDI trading!
Long BTC/USD My system tells me that BTC/USD downtrend comes to an end and its possible to go LONG on the HIGH of previous "green" bar
If the price will hit our stop buy order, I will set stop loss 4% lower the entry price and 10.5% higher the entry bar would be my profit target.
I will close my LONG also when the If trend will over (yellow, grey or red bars)
What are the green bars and others, you can see on my scripts in the profile
Feel free to use my scripts on your own
Good Luck and good trading!
Successful Short Trade (BOOMER Market)Dow Jones Industrial index is in an obvious (and aggressive) BOOMER market, nose-diving South.
During a market freefall like this is, one of the wise things to do - is to ride the wave, trading CFDs.
As per the CONDI Trading System tules, the only trading allowed in this setup is (strictly!) with the trend.
T.m. only taking Short trading opportunities, 100% confirmed by the CONDI Trading System.
Recognized (yet another) such opportunity at point marked with the callout.
Trade successfully closed with profit within 5 1h candles.
Happy CONDI trading!
Successful Long Trade (BOUNCER Market)Another Bouncer market beauty - spotted in a popular Spot FX Major market.
As per CONDI Trading system rules: When Mr. Bouncer is at play, we are allowed to shoot both north and south.
If a trade is fully confirmed by the CONDI System, that is.
Spotted a 100% CONDI-confirmed long trade at point marked with the callout.
Trade successfully closed with profit within 2 1h candles.
Happy trading.
Road Map Cypher Trading System by Charter XHello,
This is a System I have developed after months of case studies to trace a map when price reach Buying Climax (BC) on a Wyckoff Distribution System or just a simple BC.
I'm pretty sure that all of you have wondered sometime where do the measures come from after BC and where will the price could go. Well if you have never asked that question maybe this is the moment, and if you do, this is the possible answer.
This study and research i have been doing is based in the study of Fractals or Harmonics that takes place in trading. Measures are done using Fibonacci Retracement tools and with the help of Chuvashov Fork System to verify some of the stages after Wyckoff Distribution System.
I usually use Cypher tool for representations as you could probably have seen in previous analysis. If you have not, i invite you to take five minutes of your time and check other analysis (like XAUUSD for instance). But i believe this will be an easier way to visualize it. It is not easy to detect fractals at simple view since they may vary in different time frames.
Take in count that if one of the points are broken, it probably means that the fractal in Stage 0 could have been miss calculated, or the time frame is not the right one, or as simple as it has been a mayor change in market due external causes.
I would try to use this case on XBTEUR as a sample to explain how it works along time.
I hope this helps you out on your tradings and gives you a little bit more of knowledge about Harmonics, Fibonacci Retracement, Chuvashov Fork, Wyckoff and other systems and tools, all combined in one.
Cheers!
Charter X
PS: I leave you the first snapshot to keep track.
GBPUSD Short (day trade) Its looks like GBPUSD is ready for next big move to the downside.......
This is a day trade, and may be not for everyone.
We are looking to start develop a short exposure on this pair, but at the same time to keep a tight stop...
ADTS provides unlimited trading opportunities, so we will take this one.....
Want to learn more about ADTS ? - visit www.adtstrading.com and join our free Live Trading webinars next 10 days.
Kama Trading System v1.2 updateThe short trade of the previous update has been closed at even without losses, another short trade closed right now at profit.
The exit logic is simple, in case of a short trade the exit point is the perforation of the first support area, in a long trade at the breakout
of the first resistance zone. Same for the entry, when price crosses above the support level there is a buy, instead with a cross below the resistance zone there is a short sell.
In a couple of weeks, if it'll continue to perform well, i'll publish it.
First out of sample test of Kama TS v1.2This is a first test after the trading system parameters optimization.
The idea is to operate when the level of volatility is not too high but not too low either and when the average KAMA is substantially flat because we do not want the trade to be influenced by any primary trend.
This trading system tries to operate when the market is quiet, with average volatility and outside of strong trends that may adversely affect the operation.
At the moment we have 3 good trades and one open trade that is not going well but not yet closed at loss.
BCH trading plan continues - Waiting for the indicator signalsHi Traders,
Continuing our BCASH trade from a few posts ago. We exited at the red lines,as the indicator overextension signal and stop loss told us. With some nice profit of 45% from the exit off the overextension signal, and 40% at the trailing stop level. This gives some nice room for the next trade on BCH.
We discovered bearish divergence as price moves up (1) and momentum slightly downwards, but definitely not up (2). This divergence really only becomes apparent at (3) when price break through the stop loss and see that the previous high was divergent. This does not help us getting out, but that’s ok, we have other metrics for that. It does however tell us that on this chart, the trend may have ended, and that the following long setup probably won’t get triggered. What we do is keep the breakout level of the setup at the highest level that it plots (and don’t move it down as the indicator plots a lower trend breakout level).This is so you ensure not getting faked into the trade and the trend fails to develop.
The divergence also tells us that the the bearish setup will have momentum on its side. We look to enter short, but we need to get a setup, and an entry trigger from the indicator!
Daily
The daily hasn’t signalled a long setup yet, which I expected the indicator to do.. it will probably come in the next few candles though.
So we have a similar game plan we have with XRP: we took the 4HR trend into a daily trend setup. We now wait for either a daily long setup and that setup to be triggered. Or we get a 4HR short setup which gets triggered. Either way the market moves, we’re in it, ready to profit.. And to be honest, I could not care less which way it moves :)
If you want to try our indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
TradeApe chart setupHad a few requests to share my chart setup, so feel free to make this chart yours and save the template.
Indicators used:
1) Ichimoku to get an idea of general trend direction and key support/resistance levels.
2) Directional Movement Index to get an idea about trend strength.
3) Candlestick pattern indicator (hammers, etc.) for confirmation. Tbh, you don't really need it.
That's all I use for trading forex, oil, gold and CFDs. Same setup for all of them. Works for stocks too.
The daily charts give me my overall trend direction. If DI+ is above DI-, you can't go short...and vice versa. I use custom settings giving me the monthly DI trend on the daily charts...and the 8hr trend on the M15 charts where I time my entries.
Exits are based on the trend changing on the daily timeframe. I set trades to BE if they survive the day and then simply try to keep 'em going until momentum changes. No fixed TP.
Just shout if you have questions...
I also recommend this if you're even remotely questioning whether longer term trades are worth it or not: www.forexfactory.com
For those who don't know Ichimoku, read this: www.kumotrader.com
I only use part of the Ichimoku indicators though ;)
MM-Oscillator - as a Trading System [Concept]I was thinking about this concept while I was driving after dinner.
You do not need a fancy $500 Monthly subscription for an edge.
Here is the Concept, You can build on this.
Notice how the Murrey Math Oscillator works in finding the pullbacks with a trend. Experiment & create your edge .
NOTE : EVERY PULLBACK TRADING SYSTEM WILL FACE TRANSITION ZONE, ITS UNAVOIDABLE.
Transition Zone is when a Pullback translates into a Trend Change for those who don't know.
I will expand on this concept, If and when I find time to research.
Link to the Version 2 of the Indicator
Now for those robbers out there, Don't take this and sell it for a premium ;) For trader, Enjoy and Good Luck.