31# Winning Pips Trading System
Submit by Janus Trader
The Parabolic SAR(PSAR): This indicator helps to determine the
turning point in the market. The best application of this indicator is when the market is trending.
The Awesome Oscillator(A.O): This unique indicator determines market momentum, which eventually moves price.
The Accelerator Oscillator(A.C): Before price behaviour changes in the market changes,the momentum changes and, even before the momentum, we see the change in the acceleration.
The Accelerator oscillator determines before hand a change in momentum before price movement. Knowing this before hand is the key to successful trading. The three indicators described above are used to catch the early trend of the market. However it is very important that you know the direction of the trend first before applying this system. That would go a long way in helping you make profitable trades.
Trading Rules
Long Entry
To enter a long trade, all the conditions explained below must be met on
the signal candle. (The signal candle is the candle at which all conditions
came together to give us an entry signal).
The PSAR dot must below the current signal candle.
AO must turns GREEN
AC must turns GREEN
If all 3 conditions are met, enter a LONG trade at the close of the current
candle.
The best signal is when all indicators line up on the same candle. (AO just
turned from RED to GREEN, PSAR just changed position.
STOP LOSS:
Set Stop Loss at the LOW of the entry candle.
PROFIT TARGET:
Set Take Profit to the same amount of pips as Stop Loss. For
Example, if the difference between profit and entry is 50 pips, set
your profit target to be 50pips.
Alternatively, you can ride the trend until both the AO and AC
change color (to RED)
In the pictures below Winning Pips Trading System in action.
Short Entry
The PSAR dot must ABOVE the current signal candle.
AO must turns RED
AC must turns RED
If all 3 conditions are met, enter a SHORT trade at the close of the Entry candle.
The best signal is when all indicators line up on the same candle. (AO just turned from GREEN to RED, PSAR just changed position.
STOP LOSS:
Set Stop Loss at the HIGH of the entry candle.
Profit Target:
Set Take Profit to the same amount of pips as Stop Loss.
Alternatively, you can ride the trend until both the AO and AC
change color (to GREEN).
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Abdullahi Zhitsu Adamu (Wednesday, 10 March 2021 18:14)
i need this indicator
ghanem (Thursday, 21 March 2019 06:24)
I can't find the download folder for this strategy
Abbey (Monday, 21 January 2019 16:15)
I can't find the download folder for this strategy
Mimosa (Thursday, 26 February 2015 12:52)
Very Good System especially for 4hr TF