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[Andrew Forex]

My trading system ″Andrew Forex″

Currency pair: any, but better cross-pairs that give good trends
Time frame: any, but usually 4-hour
Indicators: supertrend, nonlagdot (value: 20)

Entry rules

Buy: a dot of Nonlagdot changes from red to blue. At the same time dots of nonlagdot should be above the Supertrend line. Also the Supertrend line should be green. A position should be opened by execution of a pending order. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when closing price is lower than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then buy. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to red, the order shoud be canceled.

Sell: a dot of Nonlagdot changes from blue to red. At the same time dots of nonlagdot should be under the Supertrend line. Also the Supertrend line should be red. A position should be opened by execution of a pending order. The order is placed on the lower point of the market extremum, which is formed after the first rebounce of the market upward (when closing price is higher than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then sell. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to blue, the order shoud be canceled.


Market entries without placing pending orders are not recommended.
Pending orders for market entries are placed with the regard of the amount of the spread and additional 3 pips.

Exit rules

I exit when:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
2. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.

Stop-loss is set:
1. On Supertrend line, or
2. Below near price swing, or
3. Under (over) the closest extremum of the market, which exceeds the Supertrend line in the opposite direction.

Stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.

The following money management is recommended: either not more than 10% of the capital per trade, or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.

Adding is recommended solely to profitable positions after the regular change of Nonlagdot color in the direction of the current trend.








You can download the archive file (with indicators and template inside) on the following link: https://www.qdrive.net/download/shar...6mJ78qP6OpB9Eg

[cocoy.jurado]

Hi Andrew thanks for the post. How accurate is this on a 5 minute time frame?If you dont mind me asking.

[Andrew Forex]

Hi! It works on every timeframe... but for 5 min timeframe it is necessary to observe market on a twenty-four hour basis... and it can exhaust a little bit I think.

[cocoy.jurado]

Hello Thanks Andrew, Its ok, I only just need it for breakout detection within the hour. I am using it as a third party reference for my binary option trading activities. Based on your experience, can you gve me a rough estimate percentage ratio of breakout detection like it usually works, 7 out of 10 or something like that?

-Cocoy

[Andrew Forex]

I do not use levels un trading because I think all the levels are of relative character. Or what do you mean by a "breakout detection"?

[cocoy.jurado]

When I mean breakout detection I mean to be able to know when a price trend direction will suddenly start like in your system, you breakout signal would be your buy/sell signals. I would just like to ask if there is a percentage or ratio of success in your system to predict these changes in the 5 minute time frame? Best Regards

[Andrew Forex]

I don't keep the statistics. But I tried to trade the system in 5-min timeframes. It's profitable too, but quite inconvinient because it needs to follow market 24 hours a day in 5-min timeframe.

[Andrew Forex]

Dear friends! I am glad to represent you an aggressive version of my trading system Andrew Forex.

My trading system ″Andrew Forex″ (an aggressive version)

Aggressive trading can be much more risky as well as more profitable. It is strongly recommended to master in practice a classical version of my trading system ″Andrew Forex″ before
(For those who are spoiling for a fight!)

Currency pair: any, but better cross-pairs that give good trends
Time frame: any, but usually 4-hour
Indicator: Supertrend

Entry rules

Buy:
a) when a Supertrend line is green. A position should be opened by the execution of a pending order. The order is placed on the upper point of the first candle (bar) which is closed above the Supertrend line.
b) when a Supertrend line is red*. A position should be opened by the execution of a pending order. The closing price should be going above the Supertend line. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when the closing price is lower than the previous one). That is one should wait untill the price exceeds the point of upper extremum, and only then buy. However, if the price fails to exceed the level of extremum, one should wait. After the formation of a new point of the market extremum, the order should be moved to that point.
*Annotation. If the color of the Supertrend line is changed from red to green until the actual entry into the market, the order should be placed on the upper point of the first candle (bar) which is closed after such a change of the Supertrend line color from red to green.

Sell:
a) when a Supertrend line is red. A position should be opened by the execution of a pending order. The order is placed under the lower point of the first candle (bar) which is closed under the Supertrend line.
b) when a Supertrend line is green*. A position should be opened by the execution of a pending order. The closing price should be going under the Supertend line. The order is placed under the lower point of the market extremum, which is formed after the first rebounce of the market upward (when the closing price is higher than the previous one). That is one should wait until the price exceeds the point of the extremum, and only then sell. However, if the price fails to exceed the level of the extremum, one should wait. After the formation of a new point of the market extremum, the order should be moved to that point.
*Annotation. If the color of the Supertrend line is changed from green to red until the actual entry into the market, the order should be placed on the lower point of the first candle (bar) which is closed after such a change of the Supertrend line color to red.

Market entries without placing pending orders are not recommended.
Pending orders for market entries are placed with the regard of the amount of the spread and additional 3-5 pips.
Pending orders can be cancelled after the change of the color of the Supertrend line or after placing the pending order in the opposite direction.

Exit rules

I exit when:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
2. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.

Stop-loss is set:
1. Under (above) the extreme point of the signal candle (bar), or
2. Under (above) the nearest extremum of the market, which exceeds the Supertrend line in the opposite direction, or
3. On a Supertrend line, or
4. Below the nearest price swing.

A stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.

The following money management is recommended: either not more than 10% of the capital per trade with the regard of the assets diversification (not more than 1% for one currency pair per one trade), or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.

Adding is possible solely to profitable positions after the each rebounce in the direction of the current trend.

[Andrew Forex]

Trading review: the rally on GBPJPY, 4-hour timeframe (March 02, 2010):