178# I-Regression System

Submit by joy22

 

Currency Pairs –, any pair

Charts – 4 hour and 15 Minute

 

Indicators

IBFX – Daily Pivot or SDX TZ Pivots 

I-regr Indicator

TL_for DeMark

zigAndZag

RSI (14)

CCI (14)

Momentum (10)

RULES – Long Trades

Step 1: Determine the Trend direction using the I-regr indicator on the 4 hour chart. The trend direction is up if price is below the lower band. When this occurs we will only look for opportunities to buy.

Step 2: Check the News Alerts for any news/reports to confirm the trend.

Step 3: Check that RSI, CCI and Momentum on the 4 hour chart confirm the trend direction. This is not absolutely essential but just a guide.

Step 4: Once the overall trend direction has been established switch to the 15 minute chart to look for an entry.


Step 5: Check that RSI is above 40

Step 6: Check that CCI is above 0.00

Step 7: Check that Momentum is above 100

Step 8: Open an order on the 15 minute chart after the candle crosses the middle I-regr band from below OR if RSI, CCI and trend is up.

Step 9: Open your order and place your stop loss 30 pips below your entry level.

Step 10: Do not place your Target/Limit too early, until a consolidation signal occurs or before the release of a trade report such as Bernanke or a Bank report, then set a Trailing Stop at 20 pips.

Step 11: If all conditions including News/Reports indicate that positive trend and profit has been gained earlier then additional lots can be added.

Long Trade Example:


RULES – Short Trades

Step 1: Determine the Trend direction using the I-regr indicator on the 4 hour chart. The trend direction is down if price is above the upper band. When this occurs we will only look for opportunities to sell.

Step 2: Check the News Alerts for any news/reports to confirm the trend.

Step 3: Check that RSI, CCI and Momentum on the 4 hour chart confirm the trend direction. This is not absolutely essential but just a guide.

Step 4: Once the overall trend direction has been established, switch to the 15 minute chart to look for an entry.

Step 5: Check that RSI is below 40

Step 6: Check that CCI is below 0.00

Step 7: Check that Momentum is below 100

Step 8: Open an order on the 15 minute chart after the candle crosses the middle I-regr band from above OR if RSI, CCI and trend is down.

Step 9: Open your order and place your stop loss 30 pips above your entry level.

Step 10: Do not place your Target/Limit too early, until a consolidation signal occurs or before the release of a trade report such as Bernanke or a Bank report then set a Trailing Stop at 20 pips.

Step 11: If all conditions including News/Reports indicate that positive trend and profit has been gained earlier then additional lots can be added.

Short Trade Example:

Trade Example

Short Trade on the 15 Minute Chart

All conditions had been met on the 4 hour chart suggesting that the Trend was down so we switched down to the 15 Minute chart to look for a possible entry.

RSI was below 40, CCI was below 0 and Momentum was below 100 so we were able to trade.

At Point A price had gone above the I-regr middle band and then started to cross

below so we entered the market on the short side.

Point B shows the level at which we entered the trade.

We then placed our stop loss 30 pips away from the entry at Point C. Eventually the market moved in our favor and we were in profit until we gotm another entry signal at Point D.

Since we were already in profit and all the indicators were in agreement we opened another short position at point D and placed our stop loss 30 pips away at Point E.

We initially used the S2 Pivot Level at Point F as the initial target for both positions.

Unfortunately we were shutting down for the day so we set a trailing stop from that point on and were taken out of the trade for over $1000 profit not long after.

All conditions had been met on the 4 hour chart suggesting that the Trend was up so we switched down to the 15 Minute chart to look for a possible entry.

RSI was above 40, CCI was above 0 and Momentum was above 100 so we were able to trade.

Price had broken below the I-regr lower band at Point A so we opened an order to go long which was filled at point B.

We placed our stop loss 30 pips below the entry level at Point C.

We used the R3 Pivot Level at Point D as our target which was taken out not long after taking this image for profit roughly $420. 6

 

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