231# J9D Trading System
Submit by JanusTrader (Written by Fitzroy Dalay)
Curency Pairs: all.
Indicators: RSI (14), Stochastic (8, 3, 3), Moving Average (20), Mt4-stoplevel-reverse
vb0.4 (ATR mode 9, 3, 0), trend lines.
Description
This system uses two timeframes – the 4-hour and 1-hour. A trend line is used to
determine the direction in which the market is moving. Once this is determined and all
indicators line up on the 4 hour, you will check to see if the same happens on the 1
hour, if yes, enter long or short trades as necessary.
Description
This system uses two timeframes – the 4-hour and 1-hour. A trend line is used to
determine the direction in which the market is moving. Once this is determined and all
indicators line up on the 4 hour, you will check to see if the same happens on the 1
hour, if yes, enter long or short trades as necessary.
Chart Setup
Add Stochastic (8, 3, 3), RSI, Moving Average (20), Mt4-stoplevel-reverse reverse vb0.4
(ATR mode 9, 3, 0) and up or down trend line.
These indicators and trend lines should be inserted on both the 4-hour and the 1-hour timeframes.
System Rules
Short trades
1. Market breaks an up trend line
2. Market moves below the moving average
3. Stochastic needs to be at 80 or above
4. RSI needs to be at 55 or above
5. Wait for Mt4-stoplevel-reverse to show the direction the market will take indicated
with a red down arrow
6. Enter, a short position on the next candlestick and place limit order at 70-100
pips below entry point if trading the 4-hour timeframe, and 30- 50 if trading the 1-
hour timeframe.
Long trades
1. Market breaks a down trend line
2. Market moves above the moving average
3. Stochastic needs to be at 20 or below
4. RSI needs to be at 35 or below
5. Wait for Mt4-stoplevel-reverse to show the direction the market will take indicated
with a blue up arrow
6. Enter, a long position on the next candlestick and place limit order at 70-100 pips
above entry point if trading the 4-hour timeframe, and 30- 50 if trading the 1-hour
timeframe.
Short Trade Examples
Example 1
At point A, stochastic is at 80.
AT point B, RSI is at 55.
At point C, the market has broken the uptrend line, and it has fallen below the moving
average line.
At point D, the red Mt4-stoplevel-reverse down arrow appears.
At point E, trade is entered at the open of the next candlestick
At Point F, a limit order is placed at the relevant point.
Example 2
At point A, the stochastic is above 80.
AT point B, the RSI is above 55.
At point C, the market has broken the uptrend line.
At point D, market has broken the moving average line.
At point E, Red Mt4-stoplevel-reverse down arrow appears.
At point F, trade is entered at the open of the next candlestick.
At point G, a limit order is placed at the relevant point.
Long Trade Examples
Example 1
At point A, the stochastic is below 20.
At point B, the RSI is below 35.
At point C, the market breaks a downtrend line.
At point D, the market moves above the moving average.
At point E, the blue Mt4-stoplevel-reverse up arrow appears.
At point F, enter long position on the next candlestick.
At G, limit order is placed at the relevant point.
Example 2
At point A, the stochastic is below 20.
At point B, the RSI is below 35.
At point C, market breaks a downtrend line, moves above moving average line and blue
Mt4-stoplevel-reverse up arrow appears.
At point D, enter long position on the next candlestick.
At point F, limit order is placed at the relevant point
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