TABLE OF CONTENTS:
Dynamic Cash Tracker – free system by Russ Horn. This is second strategy that Russ Horn offer for free on their website (our review of Tradeonix / Tradeonix official website). System based on Moving Averages, MarCo-ColorCrossover, MarCo-MA2Color indicators.
Moving Averages are powerful tools and they can provide you with a LOT of information. They can tell you:
What direction the trend is moving.
Identify long, medium, and short-term trends.
What direction you should be trading.
Where there are good areas of Support and Resistance.
Give you entry signals.
Give you exit signals.
Identify sideways markets.
Download free Dynamic Cash Tracker >>
We are going to take the MarCo-ColorCrossover and build a trading system out of it. It will be called MATS1 (Moving Average Trading System version 1) We will use the MarCo-ColorCorssover indicator twice. This is what it will look like:
Just by looking at the chart above (Image 11), you can get an idea of how this is going to be traded. We will be looking for the trend direction with the SMA and then be taking trades in that direction when the EMAs cross into the trend direction.
Step 1.
Apply the MarCo-ColorCrossover indicator, use the settings: 8 EMA and 34 SMA
Step 2.
Apply the MarCo-ColorCrossover indicator a second time, use the settings: 3 EMA and 8 EMA
Step 1. The 8/34 ColorCrossover must be green.
Step 2. The 3/8 ColorCrossover must be red.
Step 3. Enter a long trade when the candle closes and it turns the 3/8 ColorCrossover green.
Step 4. Stop Loss goes under the recent swing low.
Step 5. Close the trade when the 3/8 ColorCrossover turns red. (Alternatively, you can choose to place a 1:1 Profit Target.)
Step 1. The 8/34 ColorCrossover must be red.
Step 2. The 3/8 ColorCrossover must be green.
Step 3. Enter a short trade when candle closes and it turns the 3/8 ColorCrossover red.
Step 4. Stop Loss goes above the recent swing high.
Step 5. Close the trade when the 3/8 ColorCrossover turns green. (Alternatively, you can choose to place a 1:1 Profit Target.)
We are going to take the MarCo-ColorCrossover and the MarCo-MA2Color build a trading system out of them.
It will be called MATS2 (Moving Average Trading System version 2)
This is what it will look like:
Step 1.
Apply the MarCo-MA2Color indicator, use the settings: 50 SMA.
Step 2.
Apply the MarCo-ColorCrossover indicator a second time, use the settings: 12 EMA and 26 EMA.
Step 3.
Apply the MarCo-MA2Color indicator, use the settings 12 EMA
Step 1. The 50 SMA must be green. The 12/26 EMAs must be above the 50 SMA and also be green.
Step 2. The 12 EMA turns red.
Step 3. Enter long trade when candle closes and it turns the 12 EMA green.
Step 4. Stop Loss goes under the recent swing low.
Step 5. Close the trade when the 12 EMA turns red. (Alternatively, you can choose to place a 1:1 Profit Target.)
Step 1. The 50 SMA must be red. The 12/26 EMAs must be below the 50 SMA and also be red.
Step 2. The 12 EMA turns green.
Step 3. Enter short trade when candle closes and it turns the 12 EMA red.
Step 4. Stop Loss goes above the recent swing high.
Step 5. Close the trade when the 12 EMA turns green. (Alternatively, you can choose to place a 1:1 Profit Target.)
Download free Dynamic Cash Tracker >>
Download latest (not free) forex course TradeOnix by Russ Horn >>
Amazing System