Your support is fundamental for the future, to continue sharing the best free strategies and indicators.


223# Pips Flush Trading System

Submit by Janus Trader

 

Time Frame 15 min or higher

Currency pairs:any

INDICATORS DESCRIPTION

The indicators used were sub-divided into two different types, they are:

a.) Main Chart Indicators

b.) Expert Indictors

 

a.) Main Chart Metatrader Indicators

Template indicators used in this strategy are listed below:

EMA 50 LIGHT CYAN (COLOR)

WC HOI HOIKEN HAS

BOLLINGER BAND

WEMA CROSSOVER

WTF (TREND FOLLOWER)

WCLOCK TELLER

WFFCAL (FOREXFACTORY CALCULATION)

WFP (FIBONNANCI PIVOT)

WHAS EXIT

WST (SPREAD TELLER)


ZONE IDENTIFIER

Zone identifier means ability of a trader to determine the type of zone market is moving and for the

sake of this strategy we make use of 50 exponential Moving Averages.

In this Strategy we consider two different types of Zones.

a.) Buy Zone

b.) Sell Zone

BUY ZONE

We have Buy Zone whenever we have price above 50 E.M.A, so after this all we will be

thinking of this as a Buy signal only

SELL ZONE

We have sell Zone whenever we have price below 50 E.M.A, so after this all we will be thinking of

this as sell signal only

BASIC RULES FOR ENTERING TRADES

Buy Entry

The following conditions must meet before placing a buy trade and they are listed below:

• Price must have closed above 50 E.M.A

• WEMA must generate an ARROW for BUY

• WTM must be blue

• WMI BLUE line must crossed above 50 level

• Wes Tbar confirms & WT.Detector both must turn blue at the close of candle above 50 EMA.

Pips Flush
Pips Flush

After the Price has closed above 50EMA, Should in case the price has moved up by 20pips up, It´s

recommended that we should wait for a re-test of 50ema line back then after the re-test we buy to avoidentering at Retracement. Or we do this by placing pending buy limit order at the 50EMA level.

 

SELL ENTRY

Below are conditions to enter a sell trades, they are:

Price must have closed below 50 E.M.A

WEMA must generate an ARROW for SELL.

WTM must be RED

WMI BLUE line must crossed below 50 level

Wes Tbar confirms & WT.Detector both must turn RED at the close of candle above 50 E.M.A.

 

Pips flush
Pips flush

Important:

After the closed below 50EMA,and in case the price has moved down to 20pips down, It´s

recommended that we should wait for a re-test of 50ema Line up then after the re-test we sell to avoid

entering at Retracement. Or we do this by placing a pending buy limit order at the 50EMA level

 

BASIC RULES FOR EXIT

Exit One: Placing of protective stop loss

Exit Two: Placing of take profit

Exit Three: Strategy exit

EXIT ONE – Placing of protective Stop Loss

Protective stop loss is the % of loss you want to afford by a trade that you open and in other terms it’s

called real stop loss or account protector.

This is done by placing a stop loss, we do this by adding 10-15pips to the low of candlestick that cross

the 50EMA up or down depending on the type of market directions.

This typical diagram represent a stop loss placing in a buy market, if you notice you will see that stop

loss is just placed 20pips below 50 EMA which is later the equivalent to 35pips. Here what we are

saying is that a protective stop loss is 35pips that do not mean that you cannot exit your trade before

your protective stop loss is hit.Generally, stop loss should be placed 20-30pips below 50EMA.

EXIT TWO – Placing of Take Profit

This is the most interesting part of the strategy; I like the Strategy because it supports the Rule of

trading that says:

CUT LOSS SHORT, LEAVE PROFIT TO RUN”.

This strategy gives the Trader the ability to hold trade over a period of time or even days if market is

trending.

Short time trader: take profit of 50pips

Trendriders people like us use the following ways to take profit, they are described below:

Firstly, we moved our stop loss to breakeven after gaining 50pips then after that I’m in the condition

of nothing to loose, then we will focus our attention and be looking at WTF(WESLAD TREND

FOLLOWER).

I will only close my trade if price closed below WTF if I’m in uptrend or closed above it if I’m in

downtrend.

I will only close my trade if I see a counter signal from WEMA

EXIT THREE - Strategy Exit

This exit three is one of the most important aspects of the strategy because it gave you a signal of what

will happen in the market, this strategy doesn’t´ usual hit a stop loss if the user has a good knowledge

of it, when buying. The strategy may give a buy exit signal which means that you should close your

buy trade immediately and wait for the next action such as exit signals are showen with the following indicators:

1.) WTF Weslad trend follower indicator

2.) WEI Weslad exit indicator

3.) WMI Weslad momentum indicator

SUMMARY ON THEIR USAGE

We can exit our trade whenever price close below WTF if we are in buying zone and if price

closes above WTF if we are in sell Zone.

We can exit our trade whenever WEI generate counter trend arrow as a result of blue lines

crossing red line in any trade direction.

WMI is another tool that we can exit our trade based on whenever it crossed above its 50 line to

give counter trade signal.

Pips Flush exit example
Pips Flush exit example

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 0
PipsFlush
Forex Trading System
PipsFlush open.rar
compressed file archive 1.2 MB