299#Gann HiLo and DMI Trading System

Submit by Nico 10/12/2012

“Gann Hilo DMI System” is a very simple trend trading system which is based on the signals of 3 forex indicator: Gann Hilo, DMI and QQE, the recommended interval - H1, the currency pair - GBPJPY (but may trade on other currency pairs) .

To establish indicators to trade forex, you can download at the end of this strategy, together with a template for MT4:

1) Indicator Gann Hilo (10)

2) Indicator DMI (14), just need to install the level 20

3) indicator QQE (10).

Opening trade position to buy - should the following conditions:

1) The red dotted line indicator QQE is below the blue line (crossed her top down) - The main signal!

2) Price crossed Gann Hilo from bottom up

3) blue line indicator DMI crossed and is above the level of 20

4) The body of the candle on the level close to the level of opening should be more than 3 points, if it is not, then this candle believe «Dodge» and open transaction on this candle is not necessary. If the size of the candles from opening until closing more than 90 points, then trade on the candlejust not necessary, because very high probability of recoil and get stop-loss on this candle.

In the picture Gann HiLo and DMI forex system in action.

Opening a trading position for SELL - must be satisfied the following conditions:

1) The red dotted line indicator QQE is above the blue line (crossed it from the bottom up) - The main signal!

2) Price crossed Gann Hilo from top down

3) serenevaya DMI indicator has crossed the line and is above the level of 20

4) The body of the candle on the level close to the level of opening should be more than 3 points, if it is not, then this candle believe «Dodge» and open transaction on this candle is not necessary. If the size of the candles from opening until closing more than 90 points, then trade on the candle is not necessary, because very high probability of recoil and get stop-loss on this candle.

Entering the market is carried out only at the opening of the next candle after receipt andconfirmation of all signals:

This strategy is recommended to use only a safety stop-loss, which should be set at the nearest local minimum (for sale) or maximum (for sale).

Once the price will be in the direction of the trade position 75 points (for a pair GBPJPY), should be rearranged in the stop-loss level “zero”. Further (optional) You can use a trailing stop (including a standard at a distance of 75-100 points, depending on the market).

Take-profit is not installed!

Exit trading position:

Position closes when triggered stop-loss, or the reverse crossing indicator QQE. Leaving the market to perform at the closing of the candles after receiving the signal.

Share your opinion, can help everyone to understand the forex strategy.

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