Forex trading system “Trading Magnum 300 pips”
“Trading Magnum 300 pips a week” is a trading system based on the principle of following the trend with filtering by trend indicators. The system can be used for medium- and long-term trade. Main timeframes H1 and H4. The system is used on currency pairs of the Forex market (EUR/USD, GBP/USD, AUD/USD, USD/CAD, NZD/USD, USD/CHF, GBP/JPY, EUR/JPY, USD/JPY) and indices (Dax, S&P500, Nasdaq, FTSE). The main indicator is “Heiken Ashi v.3”. The “Trend filter” indicator shows the strength of the movement, the “Trend Direction” indicator shows the long-term direction, and the “Joker Filter” indicator is a short-term direction indicator
The trading rules of this system are quite simple. All you have to do is follow the indicators. Buy when the “Heiken Ashi” indicator colors bars blue. The “Trend filter” indicator should be yellow or green, and the bars of “Joker Filter” and “Trend Direction” indicators should be green.
The stoploss is set when trading on H1 charts at the rate of 15 points below the minimum of the input candlestick, and when trading on H4 at the rate of 25 points. It is recommended to close the position when the “Joker Filter” indicator changes direction or when reaching 1.2 stop loss size
The rules for sales are similar, but with other colors. The “Heiken Ashi” indicator turns the bars red. The “Trend filter” indicator should be yellow or red, and the bars of “Joker Filter” and “Trend Direction” indicators should be red. The rules of exit are the same. The stoploss is set 15 or 25 points above the maximum of the entry candlestick.