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Queensland, Australia
Posts: 8 since Jun 2013
Thanks Given: 3
Thanks Received: 3
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G'day,
Below is one of the trading strategies that I learnt in my early days which is easy to use and has been very successful. It is called the 'Triple Screen Trading System', this strategy was not invented by me and has been around for a while. I use this strategy on Spreads but you could use it on any market, you can also use it on different time frames, for example Monthly, Weekly & Daily etc. Feel free to give it a try and share around.
Triple Screen Trading System
Long – Buy
Entry Signal
• Hourly chart.
MACD-H crosses over from below the line to green.
• 10 min chart.
2 EMA goes red. Re-entry possible when 2 EMA goes red again.
• 2 min chart.
Entry price is 1 pip above the highest price of the last candle.
Stop Loss price is 1 pip below the lowest price for last 2 candles.
*If entry is not triggered, then change entry & stop loss price for next candle as above.
Exit Signal
• Hourly chart.
MACD-H starts decline. Note: can be on the first candle that went green.
• 2 min chart.
Exit is now 1 pip below last candle’s lowest price and moved every new candle.
Short – Sell
Entry Signal
• Hourly chart.
MACD-H crosses over from above the line to red.
• 10 min chart.
2 EMA goes green. Re-entry possible when 2 EMA goes green again.
• 2 min chart.
Entry price is 1 pip below the lowest price of the last candle.
Stop Loss price is 1 pip above the highest price for last 2 candles.
*If entry is not triggered, then change entry & stop loss price for next candle as above.
Exit Signal
• Hourly chart.
MACD-H starts decline. Note: can be on the first candle that went red.
• 2 min chart.
Exit is now 1 pip above latest candle’s highest price and moved every new candle.
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