17# Pips Swing fx strategy Trading System

Submit by Maximo Trader 29/05/2012

Weekly Chart with the 13, 26 and 52 MA, MACD (12,26,9), and Stochastic 5,3,3.

Daily chart with 10, 49, 89 and 144 MA, Pips weekly pivot and GRBB indicator.

Long Entry

1) Both the weekly and daily chart must indicate the same major up trend.

2) The current pips weekly pivot must act as a support.

3) The GBRR indicator must indicate a bullish (tick green) momentum.

4) Enter on the third GRBB bullish bar by using the previous day's high as the price for a buy stop order.

5)During the first week of the trade, the recommended stop loss is placed atr 50-890 pips below the )price, while the initial target profit is 500 pips above the entry price. (For GBP/USD and EUR/JPY, the initial target profit is 500 pips.)

6)The stop los and the protective stop orders are remain there until the beginning of the second week.

Short Entry

1) Both the weekly and daily chart must indicate the same major down trend.

2) The current pips weekly pivot must act as a resistance.

3) The GBRR indicator must indicate a bearish momentum.

4) Enter on the third GRBB bearish bar by using the previous day's low as the price for a buy stop order.

5)During the first week of the trade, the recommended stop loss is placed atr 50-890 pips abowe the price, while the initial target profit is 500 pips above the entry price. (For GBP/USD and EUR/JPY, the initial target profit is 500 pips.)

6)The stop los and the protective stop orders are remain there until the beginning of the second week.

Pips Swing FX Strategy
Trading System :Pips Swing FX Strategy based on weekly pivot and momentum.
Templates.rar
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Forex Indicator
Indicator.rar
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