Forex Trading System - Cowabunga System

Forex Trading System Setup

1. Trade on daily chart (swing trading)
2. 5 SMA applied to the close
3. 10 SMA applied to the close
4. Stochastic (14,3,3)
5. RSI (9)

Forex Trading System Rules

Entry Rules

• Enter long if:
• The 5 SMA crosses above the 10 SMA and both stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
• RSI is greater than 50

• Enter short if:
• The 5 SMA crosses below the 10 SMA and both stochastic lines are heading down AND (do not enter if the stochastic lines are already in oversold territory)
• RSI is less than 50

Exit Rules

• Exit when the 5 SMA crosses the 10 SMA in the opposite direction of your trade OR if RSI crosses back to 50
• Exit when trade hits stop loss of 100 pips

Forex Trading System Example

Here's an example of a long trade setup:

Here's an example of a trade exit:

Forex Trading System - Flying Buddha System

Forex Trading System Introduction

Creator of this trading system only trade short position. however, since it works very well for sell then it will also obviously work well for buys.

Forex Trading System Setup

1. 10 EMA applied to close, exponential
2. 5 EMA applied to close, exponential

Forex Trading System Rules

Entry Rules

• Enter long if:
• The candle stick closed below the 5 EMA with hard stop loss at the top of the candle.

• Enter short if:
• The candle stick closed Above the 5 EMA with hard stop loss at the bottom of the candle.

Stacking Rules
While the flying buddhas are in effect, stack positions at 50% fib of the 'previous candle' mostly
from buy/sell limit orders. Stop loss for the new position is set at above the high of the previous candle (including the wick) with little bit more space.

Circles are entries, lines are his hard stop loss. X is loss from entering 50% fib and hitting the hard stop loss above.

Exit Rules for Short Position

• If short
• Close a portion of stacking position at the first sign of reversal which is when price closes above the previous down candle open price. Hold onto the remaining positions and if the price continues down trend will continue stacking positions again at 50% fib of the previous candle.

• If long
• Close a portion of stacking position at the first sign of reversal which is when price closes below the previous up candle open price. Hold onto the remaining positions and if the price continues up trend will continue stacking positions again at 50% fib of the previous candle.

Forex Trading System - Equity Milipede Strategy

Forex Trading System Introduction

This system only for those whose have excellent price interpretion skill. To train your price interpretion skill, please go to this page and follow the steps.

Forex Trading System Basic Concept

The basic concept of this forex trading system is holding your trade as long as possible.

There are no entry and exit rule for this method, but, the creator of this trading system require you to gain your hindsight on overall movement of the pairs on higher time frame, such as daily chart and weekly chart. By using the hindsight, plan your trading plan of the week and make low risk entry on lower time frame.

You need to participate and make low risk entry based on your price interpretion knowledge, then if the price go to your expected direction, move sell loss to break even (this is very important element, remember, move sell loss to break even) when you feel the position is safe and let it grow. According to the creator, he won't close positions that lower than two weeks lifetime.

In this system, the creator will counter trade himself (hedging), therefore, if you want to follow this forex trading system, you need to get a forex broker that allow hedging.

Forex Trading System Setup

There is not particular fix rule or indicator for the entry setup. In this method, the creator required you to up skills your price interpretion techniques on demo at least six months before you go live.

To train your price interpretion skill, please go to this page and follow the steps.

Forex Trading System Rules

There are three main rules in this method, which are,

1. Participation
Participate the price actions.

2. Low-risk entry
Make a low risk entry.

3. Growth
Let the position grow.

Exit Rules
The creator of this trading system mentioned that he will close some trades when he feels that there is uncertainty in market, such as when the price stalls. However, he won't close all positions but close some of it, he called it as diversify positions.

Following are some rules of diversify:

1. To settle all loss accounted for establishing the current group.
2. To replenish your trade capital to before you started creating the group.
3. To add realized profit into your trade balance and increasing its balance. To ensure a smooth
4. equity curve in the long run.
5. To acknowledge that danger has passed and all loss/risk accounted for on your remaining
6. bigger legs for now infinite growth which is ofcourse at the mercy of the markets.
7. Psychological safety: You know its over and done with that group. Legs have been closed for
   profits and legs have been promoted to upper group. It gets it off your mind.

Forex Trading System Material

Please read this before you implement this forex trading system.

Forex Trading System - 7 pips Trading System

Forex Trading System Introduction

This is a trading system created by niceguy from forexfactory, this is the original link.


Creator Description


This is a Trading system for Newbie. Why? Because they are the one who need help to get their feet stable in this Cold Business. So I build this system to train a new trader and hopefully I can help them for at least not to losing their money rapidly. I dont care about you guys who consider yourself as a "professional trader" . If you like what I do, just stay and give your positive contribution to this thread.But if you are here to say something bad without even trying, please stay away.

This startegy is only for those who want to learn and willing to take Forex seriously. (You will lose your money if you dont)


The Seven Pips
What is seven pips? This is the Stop Loss you will use. This, and this only. I use 7 pips because my current spread with EU is below 2 pips and I add another 5 pips as the real stop loss.

Forex trading System Rules

What do you Trade?
EU M5. I dont care about other pairs. You can try trade other Pairs if you like only with your own risk. 

Profits Target.
At least 10 pips. But personally I recommend 15 pips or even more. The nearest S/R lines or Pivots or Open price Level is also a good target. The Idea behind this is to stay as long as you can whenever you are right and get out as fast as you can when you are wrong.

Stop Loss
As I said it earlier, your stop loss is 7 pips. You can change and put your Target profits as you like according to your skill and Market condition. You can put your TP as far as you want but your SL is always 7 pips. No breaking rules, and no more moving back your SL. 

If your forex broker give you more than 2 pips spread, you can move to a new broker or add 5 pips to that spread as your SL. Why not more? Because if you really paying me your best attention, you dont need more. 


Punishment: 
You have to punish yourself for being a loser and Stop trading for a day whenever you have a loser. No more panic trading. No more "Trigger Happy" trading.

Why stop trading if we only loss 7 pips? This is not just about seven pips loser, but this is for building your discipline. You are a trader. Yes, Losing is just part of this business, but you are not suppose to lose oftenly. So whenever you lose, you have to create something to punish yourself . I punished myself with stop trading and buying food for the first beggar I meet on the streets. (But I also celebrate my winners with buying more for more of them happily later whenever I win).

Stop trading after losing seven pips will also save you from firing too many bad trades in a ranging market. You know how bad it is for your account. Trust me you will thank me for this later.

IF YOU BREAK THIS, YOU WILL FALL. Mark my word on this.

Rewards:
If your first trade scoring pips, continue with the second. But if the second failed you. shut your computer and be a gentlement. Punish yourself. Just go out there and have a life and stay away from your trading platform. .

If you manage to score pips on the second go on for the third and keep on going whenever you are winning and stop trading whenever you have 1 loser. This way the maximum of loss you will suffer in a day will be 7 pips and the maximum winner you will get is unlimited

The idea behind this is to stop trading whenever you are losing and trade more whenever you are winning. As long as you are winning, your next trade will be financed by the previous and so on. You obviously failed to read PA whenever you have a loser, and whenever you are in winning you obviously get on the right side in current market movement, so use that momentum to continue on.