Recruitment of participants Vodoo Trading System

Discussion in 'Forex Trading systems and strategies' started by Admin, 14 January 2021.

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  1. Admin

    Admin Administrator
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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

    Vodoo Trading System.jpg

    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.

     
  2. CyberBobbert

    CyberBobbert New Member

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    is this an EA / Bot or a indicator that requires live trading?
     
  3. Admin

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    indicator strategy
     
  4. FXCopy

    FXCopy Active Member

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    I’ve seen this strategy available free on forexfactory
     
  5. FXCopy

    FXCopy Active Member

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    I’ll try and find the link for this
     
  6. S. Joseph

    S. Joseph Member

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