Hi all,
First of all, please excuse my poor English as it is not my daily use language.....
This is my current trading method, and I call it GPS (SJ Hope). It is not my invention as I just modify many different trading methods/ systems and rebuild to suit my trading style.....So what is GPS?
G ---- Genesis Matrix in FF and thanks to Realjumper and his team, you can see it here: http://www.forexfactory.com/showthread.php?t=373796
P ---- Pivot (M/W/D), I use DWMPivots provided by Baluda here
S ---- TMA slope (value and direction), I use NT TMATrue Slope provide by Neotrader here
Okay, how do I trade it?
First, I use a rating system to create a daily bias (only take long or short signal)
Second, I take the signal provided by Genesis Matrix and MACD
In more details, I use the combination of TMA slope and pivots to rate the chart and give it a bias and as I am not a coder, I can only do it manually thro' a simple excel template
1) D>W>M = +3, W>D>M = +2, W>M>D = +1; M>W>D = -3, M>D>W = -2, D>M>W= -1
2) Pivot sequence: Price >DP or WP or MP = +1 respectively and -1 when price < DP/WP/MP
3) Slope Value and direction: slope (D1 and H4) > +0.4 = +1; slope <-0.4 = -1, -0.4 to 0.4 = 0; Slope (D1 and H4) direction rise = +1 and fall = -1
4) Total 10 metrics; 2 to -2 is ranging mkt, 3-10 is buy mkt, -3 to -10 is sell mkt.
5) After creating a bias, I wait Genesis and MACD to give out signal to trigger trade; normally I trade H1 chart (but u can also trade H4 or lower timeframe); when I see H1 nearly or completely give out signal, I turn to M5 chart to find a better entry point.
I attach with the trades I have taken today to illustrate the method, however, AUDSGD is a failure as I take the signal prematurely (macd ok, but genesis matrix not complete)
