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71# Mandrake Trading System

Trend Following Forex strategy

Submit by Forexstrategiesresources

Timeframe:

  1. 30min

  2. 1 hour

    This system can be use for 15 min timeframe but lower timeframe will have more whipsaw. Therefore you must look at higher timeframe to confirm entry at 15 min.

  3. Pair:

  4. Major pair such GBP/USD, EUR/USD and USD/CHF. Other pairs can be use.

    Tips : You trade EUR/JPY, you must look at EUR/USD as well.

  5. Trading Session:

  6. Recommend

  7. The Europe market will start active till US market close. Example from 4p.m GMT to 4 a.m GMT. Asian market normally less active except there are important news announcement.

  8. Not recommend

    When there are major new announcement such as FOMC, Interest Rate etc

 

Indicators :

  1. RSI Var1,

  2. Mandrake STOCH,

  3. Mandrake RSI,

  4. Mandrake CCI,

  5. EMA10 dan 3,

  6. Fibo Pivot,

  7. Bar time,

  8. Isakas Heiken Ashi V2.

BUY SIGNAL.

  1. The RSI and 3EMA are above/cross > 50 (label A)

  2. Those Indicators marked with label B turn to BLUE all of them.

  3. The Bar cross above 10EMA dan the middle lins of the Bollinger Band (Green)

  4. Heiken Ashi Kuskus must be BLUE, as shown by label C (Not neccessary but for more confident so we take into account as well)

  • Please make sure where is the BAR PRICE POSITION. If the bar position is within Support 3 level, therefore you must be careful as it indicates there will be a reverse signal.(Tips: If your are going to place order make sure the bar time (H) in the chart 2 nearly end , and all the indicators ( B ) are the same colors)

 

 

SELL SIGNAL

Please make sure these steps are follow:

  1. The RSI dan 3EMA are above/cross < 50 (label A)

  2. The Indicators marked with label B turn to RED all of them.

  3. Bar below 10EMA and the middle line of Bolinger Band (Green)

  4. Heiken Ashi Kuskus also RED as shown by the label C (not neccessary for the rules but to be more confident the changes also take into account as well.)

  • Please make sure where is the BAR PRICE POSITION. If the bar position is within Support 3 level, therefore you must be careful as it indicates there will be a reverse signal.(Tips: If your are going to place order make sure the bar time (H) in the chart 2 nearly end , and all the indicators ( B ) are the same colors)

 

 

EXIT POSITION

There are 5 ways to exit a position(In reality there are a lots of way to exit a position but this is my way of telling you for this system. It is up to you.)

  1. When the price bar black/white (Black is bear/short, White is bull/long) touch the Bollinger Band line and follow by the next price bar (Black or White). Example: Look at Chart Exit position. For closing a SELL position . The black Bar touch the red line of the Bollinger Band and then the next bar become white (Bull). That’s signalling a reversal.

  2. Set the target at the support 1, 2, 3 line or resistance 1, 2, 3 line. Normally the price will touch those lines ini before making a reversal movement or continuation.. If the 1st linesbeing cross, most probably the price will travel further to Support or Resistance lines of 2 atau 3.

  1. You can wait the Price Bar appear at above or below the 10EMA. (which one consider appropriate)

  2. You can wait the Price Bar appear at above or below the middle line of the Bollinger Band. (which one consider appropriate). C and D are the same.

  3. Wait for the KUSKUS HEIKEN ASHI bar change color.

Tips: Look at F, when the RSI line cross with the 3EMA it is showing a trend change and you be ready for it.

Trading System
MANDRAKE SYSTEM MANUAL (English).rar
compressed file archive 83.7 KB

MARKET UNCERTAIN SITUATION (CHOPPY)

UNDER such circumstance it is difficult to see which way the trend heading to. Such situation happen when market in a non-active mood, for instance during the Asia Session, traders wait for news release or there’s a public holiday for the major country’s currency pair. Your are advise to stay away from such market. If you are in position you should close it with a small profit. For safety please stay way from it. It is up to you!!!

Chart 5

How this system help you stay way from trapped into the choppy market. Hahaha!! …THE RULES FOR YOUR TO ENTER THE MARKET NOT COMPLETE OR NOT AVAILABLE. SO YOU ARE SAFE. You look at the arrow mark with A, there’s signalling for a buy, blue color, and be prepare to take buy position.”

I have explaining my system in the most simple way. Hopefully you can understand it and use it effectively for your trading. Try to understand well this system. I hope you success and dont’ give-up. Every problem must be a way out.

 

 

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Forex Trading System
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15 min Forex Strategies