227# Withe Tiger Trading System
Submit by Joker
Time Frame 4H and daily.
Currency pairs: all.
Indicators:
1. SFCS5 Indicator
2. SFCC5 Indicator
ENTRY RULES
BUY RULES
Open a LONG position when all these conditions are satisfied
SFCS5 Indicator turns color from RED to GREEN and confirmed SFCC5 indicator (in Green color as well)
SELL RULES
Open a SHORT position when all these conditions are satisfied SFCS5 Indicator turns color from GREEN to RED and confirmed SFCC5 indicator (in RED color as well)
Stop loss
The suggested stoploss value for daily timeframe is around 100-120 pips and 50-70 pips of used on 4-H timeframe
Exit
There are two ways to exit your trade
- Use takeprofit level equals or 2 times of stoploss level.
- Exit when two indicators showing a reversal signal
In the pictures Withe Tiger forex system in action.
As we can see from the screenshot above, SFCS5 indicator changed its color from GREEN to RED and
SFCC5 was also in RED color. So we have all the conditions for LONG entry satisfied. On the opening of
the next candle, we opened a SHORT trade at 1.4435. We used stoploss at 100 pips above the entry
point. The trade went up strongly in our favor direction and when both indicators showed a reversal
signal, we exited our trade at 1.3963. So the total profit was 472 pips
As we can see from the screenshot above, SFCS5 indicator changed its color from RED to GREEN and SFCC5 was also in GREEN color. So we have all the conditions for LONG entry satisfied. On the opening of the next candle, we opened a LONG trade at 1.2679. We used stoploss at 110 pips below the entry point. The takeprofit level was set at stoploss x 2 = 220 pips
The trade went up strongly in our favor direction and hit the profit target. So, the trades was closed
with 220 pips profit
Share your opinion, can help everyone to understand the forex strategy.
Withe Tiger System Forex Trading System
aimade (Monday, 02 November 2015 00:11)
Very good trading system. Thanks for sharing it.