494# Kaufman with ABC pattern Trading System
ABC pattern forex trading system
Submit by Jonas Berger 25/09/2013
Kaufman with ABC pattern Trading System is an trend following strategy. Only trades in the direction of the trend (remember trend is your friend).
The direction of the trend is determined by the Kaufman V.3 indicator: line white > magenta line trend is up; line white < magenta line trend is down.
Rules for Kaufman with ABC pattern Trading System
Time Frame H30 min or higher.
Currency pair:any
Kaufman3 indicator;
ABC Pattern indicator;
FX Trender.
Buy
Kaufman indicator Trend up ;
ABC pattern arrow blue buy must be confirmed by:
FX Trender indicator>0;
If these conditions agreed to open a long position at the opening of the next bar.
Sell
Kaufman indicator Trend up ;
ABC pattern arrow red sell must be confirmed by:
FX Trender indicator < 0;
If these conditions agreed to open a short position at the opening of the next bar.
Exit position
Two methods:
1. scalping with re-enter: fast profit target that depends by currency pair and time frame or on the pivot point levels (for intraday trading);
2. or exit position when kaufman indicator v.3 reverse trend
example H!1 Time frame: Initial stop loss on the previous swing after 15-18 pips in gain move stop loss at the entry point.
Kaufman with ABC pattern Trading System: Template and indicators
ABC pattern forex trading system.
Template and Indicators.
