84# Elder Impulse Trading System

Trading System based on the Momentum

Submit by James UK 26/11/2012

 

Indicators:

Bear

Bull

Momentum

Elder Impulse System


Buy Signal:

Elder Ray System

Elder Impulse System Filter

  • Check that Impulse is not red.

Trade Entry

  • When Bear Power ticks up, place a buy order above the high of the last 2 periods

Stop Loss

  • Once long, place a stop loss below the latest minor low (13 periods)

Take Profit

  • Multiple of stop loss

Sell Signal:

 

Elder Ray System

  • Trend is down: Momentum < 0 (blue line)

    Bear Power <100 and latest trough < previous trough

 

Elder Impulse System Filter

  • Check that Impulse is not green.

Trade Entry

  • When Bull Power ticks down, place a sell order below the low of the last 2 periods



Stop Loss

  • Once short, place a stop loss above the latest minor high (13 periods)

 

Take Profit

  • Ratio 1,3

elder impulse system
Trading System:elder impulse system
elder impulse system.rar
compressed file archive 749 Bytes
Elder_Impulse_System
Forex Trading System Elder_Impulse_System
Elder_Impulse_System.rar
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