176# High Probability System
Submit By Joy22
Let me share with you a high probability system for trading forex. This is a system I use
successfully to make between 50-70 pips per trade.
Indicators
Zig Zag
Non lag Zig zag
Zig Zag Pointer
Stochastics (setting 14,3,3)
Daiy Average Range
FiboPivot
Explanation Of the indicators
Zig Zag
The zig zag indicator is used to ascertain tops and bottoms, highs and lows and possible
reversal turning points. It is also used to identify wave patterns and trends. Most people do not use it because of its lagging nature. However it is a very useful tool when
optimized with several settings to filter out the false highs and lows. We will be using this indicator to ascertain tops and bottoms in a very unique and different way.
Non lag Zgzag
The non lag ziigzag is simply a form of the normal zigzag with dfferent setting to filter out false highs and lows
Zig zag Pointer
The pointer is used to corroborate the nonlag zigzag and confirm entry points
Stochastics
Used to measure the overbought and oversold. We also use it to confirm the highs and lows identified by our zigzags.
Daily Average Range.
This visual indicator smply helps us to see the averange range we can expect the pair to move for the day so that we can know where to place our stops and targets.
FibPivot
We use this to mark support and resistance from our charts. We only place trades if price is around support and resistance
Ok here is our chart and the way we trade it.
Pairs
We trade pairs wiith high volatility though the system works with every pair. Our pairs
are...
GBP/USD
GBP/JPY
EUR/JPY
EUR/USD
USD/JPY
GBP/CHF
Timeframes
30M
1HR
4HR
Daily
Rules
Ok heres what we do. We are waiting for all the indicators to align themselves in the 4
Time frames.
For Long.
1. We waiit untl our zigzag pointer appears below in the 30M TF.
2. We check the 1Hr Chart to see if there is agreement.
3. We also look at the 4HR TF to make sure they agree
4. The stoch must be in the oversold area in all TFs
5. We also look at the daily to see the nature of the trade
6. We check to see if we are around support/resistance
For High Probabiility Trades.
· 3 TFs agree...30M, 1HR, and 4HR...If they do we buy/sell and go for 50 pips and
set our stop loss 30pips
· Except GBP/JPY and GBP/CHF. Our TP 70 PIPS and SL 50 pips in both
For Extreme High Probabilty Trades
All four TFs 30M, 1HR, 4HR and Daily Agree
If they do we go for 100 pips and SL 85 pips
For Low Probability Trades...Trades With Higher Risk
Two TFs agree 30M, 1HR.
If they do we go for 30 pips profiit. SL 20Pips
For Shorts
All Opposite Long rules
Remarks
I like the trades with Extreme High Probability Set Ups and High Probabilty. When they occur. I stake my money big time
Screenshots
Share your opinion, can help everyone to understand the forex strategy.
Write a comment
Snow (Friday, 26 July 2013 11:08)
How do you get the zig zag pointer?
jamesfr (Wednesday, 02 October 2013 13:34)
Anyone using this?
Does the zigzag pointer repaint?
Forextradingstrategiesresources (Wednesday, 02 October 2013 21:35)
Zigzag always repaint
omarcss (Friday, 27 December 2013 01:42)
anyone can give me one good strategie in this link
Mike (Monday, 23 June 2014 19:44)
There are methods to use zigzag with 95% accurancy but i think its a close guarded secret.
Suzanne (Tuesday, 19 August 2014 22:34)
Hi Mike,
The secret to the zigzag is there is no secret. Learn your price action candles, if these match up to the zigzag then you've got yourself a pretty good probability trade coming up! :)
Steve (Thursday, 04 February 2016 10:26)
Has anyone been using this method of trading forex consistently and been keeping an accurate log of their results? I've only just come across it, and it looks interesting. I'd love to see a medium or long term breakdown of results if anyone has them? Cheers...
hassan (Thursday, 21 April 2016 05:48)
many trading systems become uselss when they have repaint indicators, i waited much time on tradind system which lacks consistent profit and now im using the Genuine tools, like Macd, rsi, pivotpoints etc...and im getting only profit...everytime
hassan shahzad (Thursday, 28 July 2016 15:21)
you guys completely nonsense if you got zingzag pointer and still not making money...go to 8 hour chart...and apply the three zigzag pointer with three different parameters....yes im using it and its giving me 100 percent accuracy...forget about short time frame if you dont want lose money...thank you
hassan shahzad (Thursday, 28 July 2016 15:25)
one thing more guys..you come here ans start to yell , why dont you follow the rules mentioned above there for extreme high accuracy? i dont want you to lose your money..but everyime i see nonsense comment i get angry with all of you here...Do trade then start to yell here..you do nothing and start to say " it rapaints , it repaints"...most of you people trade on 5 min and start blaming on systems...this is my experience...
Alejos (Sunday, 07 August 2016 21:30)
Indeed, if anyone observe it carefully, this system is, in fact, harmonic trading patterns, or elliot wave trading, for which macd divergence is very useful when it appears at the very confluence of zigzag at varios timeframes.
ValyB (Tuesday, 29 August 2017 02:55)
Hello, I just discovered this post. I think you should check the CCI indicator also, it seems like it indicates even better than STOCH. It goes <-100 when it changes to up and >100 when it's changing to down.
alex (Thursday, 19 October 2017 09:53)
repaint and danger to use
dont use zigzag alone for make system yourself!!!!!
a system need 5 or more indicators
Ray Mo (Tuesday, 27 February 2018 01:37)
The secret to using Zig Zag is Fibonacci and
Harmonic patterns derived from Fibo. The harmonic patterns are : Gartley, Butterfly, Dragon, Cypher, ABCD general, to name a few. They seem hard at first, but when you get the hang of it. It's Easy.
Bogdan (Wednesday, 17 April 2019 22:08)
assan shahzad
when you get three points confirmation that woud be a signal from market that price would reverse ?
Jason (Saturday, 13 June 2020 07:02)
Not sure if any of you guys are still using this, I've been using this system for the last 4 days and seriously I'm making money from it. I use M30 TF with confirmation from 1H and 4H TF. You shouldn't enter the trade right at the pointer but wait for the next two candles to enter.
Baku (Sunday, 24 March 2024 12:58)
USATE GLI OCCHI PER IMPARARE