Trading System

Here I enclosed a trading system for MT4 platform.

Trading System: A trading system is simply a group of specific rules or parameters that determine entry and exit points for a given equity. These points  known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.

Successful Trading system lies in three things.

Mind(Discipline attitude)
Money Management( Risk to Reward, Position sizing)
Methodology( Charting - Technical analysis )

Be discipline for entry. 

Dont trade without profit level and stop loss level. When your rules are matched then only initiate your trade


Position Handling

(a)Your initial Position size should be 1% of 21 days Average True Range ( Max loss level from the past  month )
True Range=Max( Today's High- Today's Low, Today's High-Pre.day's close, Pre.day's close-Today's Low)

(b) When your profit raised more than 3 times of ATR then add another one lot

(c) Please note your max risk per trade should not be more than 2% of capital  in a trade and 6% of capital in a month. If it is reached stop trading and start learning from your mistakes.

(d) If you are Day trader your risk should not be more than 1% of capital in a trade and 2% of capital in a trading day.
(e) Write down all your trades with proper narration to improve your trading skills


Trading Methodology


A) Installation 
Here I enclosed a simple methodology for day trader and swing trader. You can use Meta Trader Platform like GCI.


Indicators:


This MT indicator  files should be stored into your Experts\Indicators sub folder in the MT4 folder like

C:\Program Files\GCI MT4\Experts\Indicators  or  
C:\Program Files\Broco Trader\experts\indicators

The Chandelier Exit Indicator :
The Chandelier Exit hangs a trailing stop from either the highest high of the trade or the highest close of the trade. The distance from the high point to the trailing stop is probably best measured in units of Average True Range.

SuperSR7
This indicator helps to identify the recent support and resistance level. So you can use this level for Buying/Selling levels.


B) Once you installed the indicators exit in the Metastrader platform and Reopen the application. 
The screen  may like as follows:

GCI Demo Meta Trader platform shows the trading system



Note:

Moving average identify the current Trend(26 period )
Chandelier Exit helps to protect your profit as trailing stop loss
SR7  helps to identify the support/Resistance in recent level to book profit or buy entry with strict stop loss
Fractals helps to show the recent High/Low which acts as Support / Resistance.


ENTRY:


When price candle cross the moving average it identify the current trend . 
When price trading above moving average it is uptrend when price trading below moving average it is downtrend.


Your entry rule for BUY:

  • Price candle should be closed above the Moving average
  • Price candle should be closed above Chandelier exit line
  • Price candle should be closed above Fractal line.

Profit booking / Stop Loss

When price closed below either Chandelier exit line or moving average or you can take profit when SR7 Resistance level for decent profit.


Your entry rule for SELL:

  • Price candle should be closed the Moving average
  • Price candle should be closed below the Chandelier exit line
  • Price candle should be closed below the  Fractal line.


Profit booking / Stop Loss

When price closed above either Chandelier exit line or moving average or you can take profit when SR7 support level for decent profit.
The below screen show the best entry and exit levels

MT4 Shows best BUY position

Team viewer: A remote desktop software click  here to Download