1分钟三色 (1min Tricolour)

This is another system I use I have only 3 or 4 that I use through out the day

Dredding pivot system on 5min
The 1min triangle breakout

and this more mechanical system

uses 1 chart on the 1min time frame

On the chart we place

Price in candle form
I then have a 21,34 and 55 Exponential Ma's these are Fibonacci numbers
I then multiply by 3 to give me the trend on a 3 min chart we end up with

63 .. 102 .. 165 exponential ma's on our 1min chart

This gives us a trend direction

63 above 102 above 165 we look for longs
63 below 102 below 165 we look for short

We then need pull back on a larger time frame than the 1min............ and we need a pull back on the 1min time frame for our entry

For this we set up 2 stochastic

The fast or entry stoch is set to 15.3.9 low/high
The slow or pull back is set to 30.6.18 low high

We set OB OS on the fast/entry at 20 80
We set OB OS on the long term pull back 10 90..we want confirmation of a strong deep pull back or a sharp strong rally

We use the stochastic colour so it visually shows us when the parameters are meet for a trade

And i scale my ma thin thicker and thick to visually see when they are lined up correctly.

The chart shows examples of Friday

For a long

we need ma in correct order
Long term stoch green indicating longer term pull back
Short term stoch green indicating 1min pull back

These must be green at the same time.
The price must pull back into the space between the blue and green area

We eneter on Tick up of fast stoch with green candle

For a short

we need ma in correct order
Long term stoch red indicating longer term rally
Short term stoch red indicating 1min rally

These must be red at the same time.

The price must rally into the space between the blue and green area

We eneter on Tick down of fast stoch with red candle

Stop loss 1 pip above below Hi or low of recent candle

Risk a % of your account on each trade

For me that's 5% so if my entry to my SL is 8 pips I calculate 5% of my account and buy contracts

My TP is 10% gain on account so in this example that will be 16 pips of movement

Therefore my risk is 5% my TP is 10% my risk reward will always be 2;1

Start at London Open close as your preference

P

UPDATE

Please follow link to go to page 96 for details on Tricolor V2 - http://www.forexfactory.com/showthre...71#post5274371

Please fllow link to go to page for details of 5min exit http://www.forexfactory.com/showthre...36#post5356236