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84# Elder Impulse Trading System

Trading System based on the Momentum

Submit by James UK 26/11/2012

Indicators:

Bear

Bull

Momentum

Elder Impulse System

Buy Signal:

Elder Ray System

Trend is up: momentum> 100 (blue line)

Bull Power>0 and latest peak > previous peak

Elder Impulse System Filter

Check that Impulse is not red.

Trade Entry

When Bear Power ticks up, place a buy order above the high of the last 2 periods

Stop Loss

Once long, place a stop loss below the latest minor low (13 periods)

Take Profit

Multiple of stop loss.

Sell Signal:

Elder Ray System

Trend is down: Momentum < 0 (blue line)

Bear Power <100 and latest trough < previous trough

Elder Impulse System Filter

Check that Impulse is not green.

Trade Entry

When Bull Power ticks down, place a sell order below the low of the last 2 periods

Stop Loss

Once short, place a stop loss above the latest minor high (13 periods)

Take Profit

Ratio 1,3

Elder trading System

Comments: 0

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Forex Trading System Elder_Impulse_System

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