Here is stockgain system

#1
Hi friends

Here is a simple trading system. it uses ma 35 high and ma35low band.
over that comes wma10 line.
Long entry is when price cross above ma35 high.
EXIT LONG TRADE as price cross below ma35high.

enter SHORT when price cross below ma35low.
exit short when price cross above ma35low

the entry line is stoploss when trade reverses.
------------------------------------------------------
The ribbons at the chart bottom are
RSI(7) ribbon Rsi>50,Green or else Red
Price cross ma35high or ma35low -ribbon -Blue or Yellow-grey neutral
PRICE BARS GET COLOR BLUE IF ABOVE MA10 OR RED IF BELOW MA10
MA10 itself gets same colors.



Hint
If there is no real trend,price moves around the bands,it doesnt move above or below.
Dont trade when no trend exists.
Learn to wait for trade trend.
masterkey=If the bands are not sloping more than 20 or 30 degrees either up or down, better avoid trades.
Even if you take a simple ma5 and ma20 system and trade only when ma20 makes 30 degree angle with ma5 above or below it,60% trades get success.



 
Last edited:

KelvinHand

Well-Known Member
#2
Hi friends

Here is a simple trading system. it uses ma 35 high and ma35low band.
over that comes wma10 line.
Long entry is when price cross above ma35 high.
EXIT LONG TRADE as price cross below ma35high.

enter SHORT when price cross below ma35low.
exit short when price cross above ma35low

the entry line is stoploss when trade reverses.
------------------------------------------------------
The ribbons at the chart bottom are
RSI(7) ribbon Rsi>50,Green or else Red
Price cross ma35high or ma35low -ribbon -Blue or Yellow-grey neutral
PRICE BARS GET COLOR BLUE IF ABOVE MA10 OR RED IF BELOW MA10
MA10 itself gets same colors.



Hint
If there is no real trend,price moves around the bands,it doesnt move above or below.
Dont trade when no trend exists.
Learn to wait for trade trend.
masterkey=If the bands are not sloping more than 20 or 30 degrees either up or down, better avoid trades.
Even if you take a simple ma5 and ma20 system and trade only when ma20 makes 30 degree angle with ma5 above or below it,60% trades get success.



Basically You can find further information from Raghee Horner's Wave and Jody Samuels - Wavy Tunnel.

http://search.4shared.com/q/CCAD/1/raghee horner

http://wavytunnel.com/
 
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#3
Hi KelvinHand
Thanks for the links.
As for the wave tunnel,the elliott wave is a hurdle for me somehow it seems to have subjectivity involved there.
will try again.
The stock gain is basically like mt4 system called forexgain.
regards
ford
 

KelvinHand

Well-Known Member
#4
Hi KelvinHand
Thanks for the links.
As for the wave tunnel,the elliott wave is a hurdle for me somehow it seems to have subjectivity involved there.
will try again.
The stock gain is basically like mt4 system called forexgain.
regards
ford
I had the same problem as you on the elliotwave.
But In a trending condition, you can look into Simple and complex ABC
correction which could lead to wave 3 and 5.

Sometime, it zig zag to your wave, sometime so strong is bound to Fibo MAs

Using TrendLine Break, Fibo-retracement techniques may help.

Maybe these people can help you:
http://search.4shared.com/q/CCAD/1/robert miner
http://search.4shared.com/q/CCAD/1/Carolyn Boroden
http://www.gobookee.net/get_book.ph...UcmVuZGxpbmVzIHRvIFNwb3QgUmV2ZXJzYWxzIC4uLg==
 
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