176# High Probability System

Submit By Joy22

 

Let me share with you a high probability system for trading forex. This is a system I use

successfully to make between 50-70 pips per trade.

Indicators

Zig Zag

Non lag Zig zag

Zig Zag Pointer

Stochastics (setting 14,3,3)

Daiy Average Range

FiboPivot

Explanation Of the indicators

Zig Zag

The zig zag indicator is used to ascertain tops and bottoms, highs and lows and possible

reversal turning points. It is also used to identify wave patterns and trends. Most people do not use it because of its lagging nature. However it is a very useful tool when

optimized with several settings to filter out the false highs and lows. We will be using this indicator to ascertain tops and bottoms in a very unique and different way.


Non lag Zgzag

The non lag ziigzag is simply a form of the normal zigzag with dfferent setting to filter out false highs and lows

Zig zag Pointer

The pointer is used to corroborate the nonlag zigzag and confirm entry points

Stochastics

Used to measure the overbought and oversold. We also use it to confirm the highs and lows identified by our zigzags.

Daily Average Range.

This visual indicator smply helps us to see the averange range we can expect the pair to move for the day so that we can know where to place our stops and targets.


FibPivot

We use this to mark support and resistance from our charts. We only place trades if price is around support and resistance

Ok here is our chart and the way we trade it.

Pairs

We trade pairs wiith high volatility though the system works with every pair. Our pairs

are...

GBP/USD

GBP/JPY

EUR/JPY

EUR/USD

USD/JPY

GBP/CHF

Timeframes

30M

1HR

4HR

Daily

Rules

Ok heres what we do. We are waiting for all the indicators to align themselves in the 4

Time frames.

 

For Long.

1. We waiit untl our zigzag pointer appears below in the 30M TF.

2. We check the 1Hr Chart to see if there is agreement.

3. We also look at the 4HR TF to make sure they agree

4. The stoch must be in the oversold area in all TFs

5. We also look at the daily to see the nature of the trade

6. We check to see if we are around support/resistance

For High Probabiility Trades.

· 3 TFs agree...30M, 1HR, and 4HR...If they do we buy/sell and go for 50 pips and

set our stop loss 30pips

· Except GBP/JPY and GBP/CHF. Our TP 70 PIPS and SL 50 pips in both

For Extreme High Probabilty Trades

All four TFs 30M, 1HR, 4HR and Daily Agree

If they do we go for 100 pips and SL 85 pips

For Low Probability Trades...Trades With Higher Risk

Two TFs agree 30M, 1HR.

If they do we go for 30 pips profiit. SL 20Pips

For Shorts

All Opposite Long rules

Remarks

I like the trades with Extreme High Probability Set Ups and High Probabilty. When they occur. I stake my money big time

Screenshots

Forex Trading System
HPTS indicators.rar
compressed file archive 14.4 KB

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 11
  • #1

    Snow (Friday, 26 July 2013 11:08)

    How do you get the zig zag pointer?

  • #2

    jamesfr (Wednesday, 02 October 2013 13:34)

    Anyone using this?

    Does the zigzag pointer repaint?

  • #3

    Forextradingstrategiesresources (Wednesday, 02 October 2013 21:35)

    Zigzag always repaint

  • #4

    omarcss (Friday, 27 December 2013 01:42)

    anyone can give me one good strategie in this link

  • #5

    Mike (Monday, 23 June 2014 19:44)

    There are methods to use zigzag with 95% accurancy but i think its a close guarded secret.

  • #6

    Suzanne (Tuesday, 19 August 2014 22:34)

    Hi Mike,
    The secret to the zigzag is there is no secret. Learn your price action candles, if these match up to the zigzag then you've got yourself a pretty good probability trade coming up! :)

  • #7

    Steve (Thursday, 04 February 2016 10:26)

    Has anyone been using this method of trading forex consistently and been keeping an accurate log of their results? I've only just come across it, and it looks interesting. I'd love to see a medium or long term breakdown of results if anyone has them? Cheers...

  • #8

    hassan (Thursday, 21 April 2016 05:48)

    many trading systems become uselss when they have repaint indicators, i waited much time on tradind system which lacks consistent profit and now im using the Genuine tools, like Macd, rsi, pivotpoints etc...and im getting only profit...everytime

  • #9

    hassan shahzad (Thursday, 28 July 2016 15:21)

    you guys completely nonsense if you got zingzag pointer and still not making money...go to 8 hour chart...and apply the three zigzag pointer with three different parameters....yes im using it and its giving me 100 percent accuracy...forget about short time frame if you dont want lose money...thank you

  • #10

    hassan shahzad (Thursday, 28 July 2016 15:25)

    one thing more guys..you come here ans start to yell , why dont you follow the rules mentioned above there for extreme high accuracy? i dont want you to lose your money..but everyime i see nonsense comment i get angry with all of you here...Do trade then start to yell here..you do nothing and start to say " it rapaints , it repaints"...most of you people trade on 5 min and start blaming on systems...this is my experience...

  • #11

    Alejos (Sunday, 07 August 2016 21:30)

    Indeed, if anyone observe it carefully, this system is, in fact, harmonic trading patterns, or elliot wave trading, for which macd divergence is very useful when it appears at the very confluence of zigzag at varios timeframes.