84# Elder Impulse Trading System
Trading System based on the Momentum
Submit by James UK 26/11/2012
Indicators:
Bear
Bull
Buy Signal:
Elder Ray System
-
Trend is up: momentum> 100 (blue line)
-
Bull Power>0 and latest peak > previous peak
Elder Impulse System Filter
-
Check that Impulse is not red.
Trade Entry
-
When Bear Power ticks up, place a buy order above the high of the last 2 periods
Stop Loss
-
Once long, place a stop loss below the latest minor low (13 periods)
Take Profit
-
Multiple of stop loss
Sell Signal:
Elder Ray System
-
Trend is down: Momentum < 0 (blue line)
Bear Power <100 and latest trough < previous trough
Elder Impulse System Filter
-
Check that Impulse is not green.
Trade Entry
-
When Bull Power ticks down, place a sell order below the low of the last 2 periods
Stop Loss
-
Once short, place a stop loss above the latest minor high (13 periods)
Take Profit
-
Ratio 1,3
Elder trading System
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