21# Fractal and Moxo (Momentum Crossover) Trading System
Indicators:
1)Fractal;
2)Momentum (14);
Long Entry position:
1)Buy Fractals are marked with a green "B"
above the high of the fractal bar;
2)Enter market when price rises to an amount
equal to or greater than two ticks above the
fractal bar's high.
3)A buy fractal is valid until it is hit.;
4)Signal bar is first MO bar that crosses zero line
from negative to positive;
5)Entry point is two ticks above high of
corresponding price bar;
6)A MOXO buy signal is valid until hit.
Short Entry Position:
1) Sell Fractals are marked with a red "S" below
the low of the fractal bar;
2)Enter market when price falls to an amount
equal to or less than two ticks below the fractal
bar's low;
3)A sell fractal is valid until it is hit;
4)Signal bar is first MO bar that crosses zero line
from positive to negative;
5)Entry point is two ticks below low of
corresponding price bar;
6)A MOXO sell signal is valid until hit.
What should my initial stop loss be?
Long positions
In determining the first-bar stop loss for a long position, we will consider the lower of either
· the lowest low of the last three price bars (including the signal bar)
· or the lowest stability line below the low of the signal bar
Short positions
In determining the first-bar stop loss for a short position, we will consider the higher of either
· the highest high of the most recent three price bars (including the signal bar)
· or the highest stability line above the high of the signal bar.
Exit profit: Take profit or trailing stop.
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