Grid Step System – ONLY TRADES AND SETUPS!
- This topic has 12 replies, 3 voices, and was last updated 7 years ago by
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The purpose of this thread is to detect and share trade opportunities and setups for my Grid Step System in major stock indices, FX pairs and oil, in order to do so efficiently I ask everyone to respect the following rules;
– Only two types of post are allowed.– One of the types are trades for which you have stared the system and include a screenshot.– The other type is setups in which you are looking to start the system shortly and it appears likely that the system will take the first entry within the next 12 hours and include a screenshot.– Again always include a screenshot showing the trade or setup with the standard indicators we use.– Do not post in this thread if you have not read the entire main thread and understand the system and the concept properly.– All questions, comments and discussion about the system and trades or setups should be posted in the main thread found here:
The reason for the above rules it to keep it clean of other post than trade opportunities so that when subscribers receive an email with a post in this thread they know a fellow trader has detected an opportunity and they will want to consider checking their own charts and start the system.A reminder about the method for everyone, we scan H4 and H1 for setups where the Coppock Curve and MACD has started to curve in the direction we are looking to trade and for the Heiken Ashi to change color, these three are our filters which give us a setup and when the CCI crosses zero in the matching direction we have a signal. The ADX is our reference indicator, if its value is above 20 (previously I had the value set to 23 but made and adjustment) and rising it is a stronger signal, if its value is below 20 and going sideways and declining it is a weak signal and we might want to think twice about starting the system.Once we receive a signal or solid setup we start the system on M1. We can also run it on lower timeframes such as 10 second but then the indicator values in they code neeed to be multiplied by 6 to match the lower timeframe.Remember for scanning the markets on H4 and H1 we use the indicators default values but on M1 we use higher values adjusted to match higher timerframes;1234COI= WEIGHTEDAVERAGE[210](ROC[165] +ROC[150])MAC= MACDline[180,390,135]CCC= CCI [60]AAA= ADX [14]Take note that the system is still under development and indicators and their values in the code are likely to change so stay updated to the main thread.I hope we will find plenty of profitable trades and setups together raking in plenty of pips!Cosmic & Brage read the rules in the first post again and let the headline remind you, we want email notifications for trades and setups not for comments. I appreciate a thanks but it is better to use the thanks link available at each post since it does not send a notification.
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Long trade signal on EURJPY, ADX is low so it’s a weak signal. Note that the trade on the screenshot is manual and adjustments need to be made when running the system on JPY pairs.
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Long setup for crude oil on H1, I entered manually alredy.
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Long setup forming on EURUSD, a weak one though since ADX is low. Also beware of German Business Climate release in less than 2 hours and Draghi is due to speak late this afternoon.
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Crude oil long setup forming on H1 just above major support level.
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Brent crude Oil looks like a setup. I been in since 5544
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Wait for retrace to 5617- this confirms the 4H resistance- now support and get in again
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