The New 3M Trading System

[jasonckb]

I re-enginner the 3M system and once again share with you all.

Basics of 3M signal: http://www.stevehopwoodforex.com/phpBB3 ... =16&t=1735

2 Types of trading D1 and H4

D1 Trade:
1) Waiting D1 bar close and seeing buy (sell) signal
2) Switch to H1 TF
3) Waiting retracement down and see %William (24 periods) go from over sold zone (-80) and pass it above on H1 bar close.
4) Enter trade next hour open
5) SL =1 ATR on 5 periods D1 ATR; Target at least 1 ATR or 600 pips above if it is the first signal.
6) May pyramiding when subsequent signal in same direction
7) Close all when reverse signal issued

H4 Trade:
1) Waiting H4 bar close and seeing buy (sell) signal
2) Switch to M15 TF
3) Waiting retracement down and see %William (8 periods) go from over sold zone (-80) and pass it above on M15 bar close.
4) Enter trade next M15 open
5) SL =1.5 ATR on 5 periods H4 ATR; Target at least 1 ATR.
6) May pyramiding when subsequent signal in same direction
7) Close all when reverse signal issued

Hoping you all can test it and if you think it is ok, then some talented coders can bring it into an EA (as my multi-pairs EA has bugs).

Next post will have trade set up examples.

P.S. MACD nrp indi must be in your indi folder as 3M call it; use the template as H4 and D1 setting for 3M is different.

[jasonckb]

D1 Trade set up.....

[jasonckb]

H4 trade set up......

[AGT]

Hi Jason - had a look on your MFXB link. Beginning from which day do you run the "New" 3M TS ? Looks good, interesting system - will give a try !

[jasonckb]

Hi Jason - had a look on your MFXB link. Beginning from which day do you run the "New" 3M TS ? Looks good, interesting system - will give a try !

It starts from April 2013, But the EA has got some bugs and not perfect. Besides, it use H4 TF to trade and without the help of %William for a better entry and not using ATR SL and TP as I can't code

[AGT]

As I can see in your trade history the method is proper for all pairs in equal measure ? And: all attachments in your first post go into the "indi folder" (except the last of corse - its the template) ?

[jasonckb]

As I can see in your trade history the method is proper for all pairs in equal measure ? And: all attachments in your first post go into the "indi folder" (except the last of corse - its the template) ?

1) I don't understand your question.
2) Yes

[jasonckb]

Waiting EURUSD sell at H4 signal.....

[jasonckb]

M15 Sell.....

[jasonckb]

Waiting GBPUSD Daily Sell.....