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SuperSlope Flying Buddha
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Author:  TraderJoeForex [ Wed Mar 01, 2017 2:00 pm ]
Post subject:  SuperSlope Flying Buddha
Here is a nice combination and simple strategy which I found since using the Flying Buddha indicator as a filter for my grid trading (http://www.stevehopwoodforex.com/phpBB3 ... 76#p151876)

This method is great for smaller accounts and trading intraday:

Setup:
Baluda SuperSlope: 7 period SuperSlope set to D1
Flying Buddha: H1, H4 or D1 as trading timeframe

Trigger:
Enter at market when candle closes with a new FB AND this agrees with the direction of SuperSlope:
Blue UP = buy only
Red DOWN = sell only


No SL or TP

Close on first opposite Flying Buddha OR for greater adventure hold until opposite signal i.e. opposite Flying Buddha AND opposite SuperSlope.

If first position goes against then open another position on the next signal and a small grid can be built this way until opposite Flying Buddha brings an all close.

Here is what the chart setup should look like:

Edit: Now recommend PeakHiLoFibs for overall direction and TP (see most recent posts). I trade a 365 day cycle but pretty much anything over 240 periods on H4 works.
PeakHiLoFIBS.ex4
Author:  TraderJoeForex [ Wed Mar 01, 2017 2:15 pm ]
Post subject:  SuperSlope Flying Buddha
Here's a couple of H1 trades entered this morning..
Author:  Pooler2 [ Wed Mar 01, 2017 2:46 pm ]
Post subject:  SuperSlope Flying Buddha
Subscribed :good: :good:
Author:  ZoltanBig [ Wed Mar 01, 2017 3:19 pm ]
Post subject:  SuperSlope Flying Buddha
Thank you for sharing! :smile:
Author:  SteveHopwood [ Wed Mar 01, 2017 6:16 pm ]
Post subject:  SuperSlope Flying Buddha
Nice one TJF. :clap: :clap: :clap: :clap:

Would an auto-trader be any help?

:xm:
Author:  TraderJoeForex [ Wed Mar 01, 2017 6:33 pm ]
Post subject:  SuperSlope Flying Buddha
SteveHopwood » Wed Mar 01, 2017 6:16 pm wrote:Nice one TJF. :clap: :clap: :clap: :clap:

Would an auto-trader be any help?

:xm:
Absolutely .. I can pm you a few different examples later to clarify all trading scenarios.

Many thanks :yahoo:
Author:  SteveHopwood [ Wed Mar 01, 2017 7:59 pm ]
Post subject:  SuperSlope Flying Buddha
TraderJoeForex » Wed Mar 01, 2017 6:33 pm wrote:
SteveHopwood » Wed Mar 01, 2017 6:16 pm wrote:Nice one TJF. :clap: :clap: :clap: :clap:

Would an auto-trader be any help?

:xm:
Absolutely .. I can pm you a few different examples later to clarify all trading scenarios.

Many thanks :yahoo:
Be my guest.

:xm:
Author:  TraderJoeForex [ Wed Mar 01, 2017 9:54 pm ]
Post subject:  SuperSlope Flying Buddha
TraderJoeForex » Wed Mar 01, 2017 2:15 pm wrote:Here's a couple of H1 trades entered this morning..
Closed these out this evening for some easy pips...
Author:  TraderJoeForex [ Wed Mar 01, 2017 10:07 pm ]
Post subject:  SuperSlope Flying Buddha
EURJPY shows a buy on H1 and a sell on H4 so I've entered both and will manage accordingly... who says we can't have custard and cream.
Author:  pakeha [ Wed Mar 01, 2017 11:40 pm ]
Post subject:  SuperSlope Flying Buddha
Here is a trade I am test driving. Looking good thus far.
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