MoForce 的 PwR 系统 (MoForce's PwR System)

PwR System(1.0) - By MoForce

I'm introducing a new system I've only recently (yesterday, lol) started developing. Any feedback would be great! All you need to do is download the indicator I created and attach it to your chart.

Main PwR Rules

Long Entries: When the green line appears you take the high of the candle where the green line starts. When the price crosses above that line you place a long entry.

 

1. Stop Loss: If the line becomes white (goes below 0), close the position.
2. Take Profit: *Still Experimenting* So I dunno, 15pips?

: When the white line appears you take the low of the candle where the white line starts. When the price crosses below that line you place a short entry.

 

1. Stop Loss: If the line becomes green (goes above 0), close the position.
2. Take Profit: *Still Experimenting* So I dunno, 15pips?

Additional Info

To me it looks like the 15min TF is the one to use. I'm also thinking that the 5 min TF should be used too as confirmation of a trade. A trade possibility should be identified on the 5min TF first followed by the same trade direction in the 15min TF. That seems to work the best. This relationship could also work on other TFs (2 adjacent TFs, although untested by me).

Pairs Tested

GBP/USD - Use

Author's NOTES:

Sorry for the very brief description and info. I'll update it all and continue to add info as time goes on. Also, please don't pass this off as your own =P. Better pictures (and guide) coming soon! (Once the system is more developed)

Indicator Logs

PwR v1.0 - July 19, 2009
-First Version, very basic indicator... basically in beta

Last Updated: July 19, 2009