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Vodoo Trading System - Forex Trading System for MT4

Trading these 4 pairings has averaged approx 180 pips per week.
I do not know about other pairings performance.
I usually only look for trade setups between the hours of 0600 to 1800 GMT
So, the theory is that entries are made off the 15 EMA.

Pairs: GBP/USD, EUR/USD, GBP/JPY, USD/CHF
Timeframe: 1H



RULE 1. The MACD has to be the right colour for the direction of the trade and the MACD MA must be within the coloured area. (See image )

RULE 2. When the price hits the 15 EMA & bounces off or goes through the 15 EMA and reverses back it's a trade AS LONG AS:
The high/low of the setup candle is NOT more than 50 pips away from the 15 EMA (30 for G/J & U/C) AND the 15 EMA is not within the 50 EMA channel. (See image )

Entry is then 10 pips above/below the high/low of the setup candle. (Add spread for long trades)

Stoploss 100 pips
Takeprofit 100 pips
Go to breakeven when +50
If pending order is not activated and price goes the other way and closes above/below 15 EMA -- Cancel order and wait for next setup.

RULE 3. DO NOT TRADE WHEN THE 15 EMA IS INSIDE OR VERY CLOSE TO THE 50 EMA CHANNELS.

 

indicator strategy