221# Directional Key Trading System

Submit by JanusTrader

ENTRY RULES

Long Entry

Enter a LONG position when all following conditions are met

- Direction indicator is BLUE and just changes its color from RED to BLUE

- Confirmation Indicator is BLUE

Short Entry

Enter a SHORT position when all following conditions are met

- Direction indicator is RED and just changes its color from BLUE to RED

- Confirmation Indicator is PURPLE

Stop loss

Stop loss level is set to the value suggested by the KeyStop indicator


Exit

There are two ways to exit your trade

  • Use take profit level as suggested by the KeyStopIndicator

  • Exit when the system shows a reversal signal

EUR/USD Short Trade Example

In this example, we are going to trade EUR/USD pair. The timeframe used is 4-H.

As we can see from the screenshot above, the Direction indicator turned from BLUE into

RED. At the same time, the Confirmation Indicator was also in PURPLE color.

This was

possibly a very good set up for SHORT entry. So, on the opening of the next candle, we

entered a SHORT trade at 1.33068. The value of stoploss is 79 pips above (if you use 5-

digit broker, this value is 79 x 10 = 790) the entry point and set at 1.33858. The take

profit was set at 158 pips below (if you use 5-digit broker, this value is 158 x 10 = 1580)

at 1.31487.

The trade went down strongly in our favor direction and hit our profit target. The trade

was closed with 158 pips profit

EUR/USD LONG Trade Example on Daily Timeframe

As we can see from the screenshot below, the Direction indicator turned from RED into

BLUE. At the same time, the Confirmation indicator also changed its color from purple to

BLUE. This was possibly a very good set up for LONG entry. So, on the opening of the next

candle, we entered a LONG trade at 1.37494. The value of stoploss is 216 pips below the

entry point and set at 1.35331.

The trade went up strongly in our favor direction. When the system generated a reversal

signal, we exited our LONG position at 1.45408 and got 791 pips in profit.

 

 

 

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Directional Key Trading System

Directional Key
Forex Trading System
DirectionalKeySystem.rar
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Write a comment

Comments: 1
  • #1

    hassan (Friday, 08 April 2016 18:10)

    thats looking good..i will try it

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