533# SEFC Trading

Support and Resistance with SEFC

 

Submit by Tommy 30/01/2014

 

Support and Resistance and SEFC is a trading system trend following but also based on the level of the support and resistance.

 

Time Frame 15 min or higher

Currency pair: EUR/USD, USD/JPY, GBP/USD, AUD/USD,USD/CHF, GBP/JPY, EUR/JPY, NZ/AUD; Indicies: S&P 500, NASDAQ, DOW JONES, DAX, FTSE;

Metals: Gold and Silver.

 

Metatrader Indicators:

Cycle Major indicator,

SEFC MT4 X,

SEFC MT4 A fast,

SEFC MT4 Slow,

SEFC Moving average (MA),

Bbands Stop,

Fisher indicator,

Moving average crossover signal candles,

PBF Fast 3MA,

Support and resistance kimi,

Support and resistance test-1 indicator.

 

Rules for Support and Resistance with SEFC Trading System

Trade only in direction of the white arrow of SEFC Slow.

 

Buy

The suppor dots below the SEFC buy arrow,

Cycle Major green bar;

Fischer Blue bar;

Signal candles blue,

Bbands stop below the candles,

SEFC MA blue line.

 

Sell

The resistance dots above the SEFC sell arrow,

Cycle Major red bar;

Fischerredd bar;

Signal candles red,

Bbands stop above the candles,

SEFC MA red line.

 

 

Protective Stop Loss Exit Options:

1) As with any trading an initial protective stop loss should ALWAYS

be entered no matter what. The price at which the stop loss can

be a set number of pips based on the pair being traded, the chart

interval, and/or the range. On the 15-30-60 and 240 minute an 80 Pip

stop loss and 80 pip profit target backtested well for us.

2) Placing a stop market order behind the SR Level line (under it for

a long trade, above it for a short trade) can be used instead of or

in addition to a protective stop loss of a set number of pips.

Profitable Exit Options (More than one of these can be used at the

same time, for any given trade. Again, it’s up to the user/trader to

use discretion):

 

A profit target equal to the number of pips of the set stop loss

can be used OR the SAME distance from the ENTRY price to the

Stop Loss level as determined by the SR Level indicator (option 2

above) can be used as a hard/set target.

SEFC Trading (Indicators)
Indicators.rar
compressed file archive 53.7 KB
SEFC Trading (Template)
Support and Resistance with SEFC Trading
compressed file archive 1.8 KB
SEFC Trading
SEFC Trading

Write a comment

Comments: 0