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 Post subject: 30 M Time frame system
PostPosted: Sun May 09, 2010 12:20 pm 
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Joined: Tue Sep 22, 2009 5:12 pm
Posts: 126
Location: Poland
Hi,
A new very profitable system - Panca Eagle.
Time frame -30M

Buy:
The Toptrend Line must be blue,
Bars must be outside the Red Box,
The price enters the Upper Box Green Area,
EMA 5 (red) is above EMA13 (blue)
RSI > 55

Sell:
The Toptrend Line must be red,
Bars must be outside the Red Box,
The price enters the Bottom Box Green Area,
EMA 5 is below EMA 13,
RSI < 45

Divide your position into two or more parts. First TP - 15, 20 or 25 points, when price reaches your first TP move your second and other SL to Break Even.
When your first TP will be 15 pips, almost every your position will be profitable.
Be careful when you see RSI divergence/convergence.
There is a filter (green area) - Breakout_Panca_Eagle_indicator/BoxBreakOut_Offset-default is 10 (when your brokers offers 5 digits quotations add 0) – sometimes is better without this filter – change 10 or 100 into 0.
There are traders who wait till the candlestick closes above or below The Box, or they take
a position when EMA 5 crosses The Box. You must practice with it to get experience and to find where to place SL and TP.
I tested this system it worked great, now I am using it on my real account.


Attachments:
panca eagle4.gif
panca eagle4.gif [ 56.19 KiB | Viewed 869 times ]
panca eagle3.gif
panca eagle3.gif [ 50.15 KiB | Viewed 869 times ]
panca eagle.gif
panca eagle.gif [ 58.94 KiB | Viewed 869 times ]

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Any

"Greatness is not an achievement, but a lifetime of achieving."
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 Post subject: Re: 30 M Time frame system
PostPosted: Sun May 09, 2010 12:25 pm 
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Joined: Tue Sep 22, 2009 5:12 pm
Posts: 126
Location: Poland
Hi,
PancaEagle and template.


Attachments:
Panca Eagle.rar [7.35 KiB]
Downloaded 159 times

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Best regards,
Any

"Greatness is not an achievement, but a lifetime of achieving."
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 Post subject: Re: 30 M Time frame system
PostPosted: Mon May 10, 2010 9:18 am 
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Joined: Wed Jul 08, 2009 4:38 pm
Posts: 174
Hello Any,

Good to see you again. Thanks for the post.

Vincent


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 Post subject: Re: 30 M Time frame system
PostPosted: Mon May 10, 2010 10:42 am 
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Joined: Tue Sep 22, 2009 5:12 pm
Posts: 126
Location: Poland
vincentws wrote:
Hello Any,

Good to see you again. Thanks for the post.

Vincent


thanks Vincent, try this system it works great.

_________________
Best regards,
Any

"Greatness is not an achievement, but a lifetime of achieving."


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 Post subject: Re: 30 M Time frame system
PostPosted: Thu May 20, 2010 9:10 am 
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Joined: Fri Jul 17, 2009 2:17 pm
Posts: 214
Thanks, this system is working wery well, gonna continue to test it for a couple of weeks :-))

Regards, halvard


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 Post subject: Re: 30 M Time frame system
PostPosted: Tue Jun 01, 2010 7:08 am 
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Joined: Tue Sep 22, 2009 5:12 pm
Posts: 126
Location: Poland
Hi,

Template for Range Breakout:
London Session,
Filter 15 pips,
Time frame - 15 min
works great for EUR/USDEUR


Attachments:
panca eagle.rar [4.15 KiB]
Downloaded 92 times
PE Range Breakout.jpg
PE Range Breakout.jpg [ 97.54 KiB | Viewed 692 times ]

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"Greatness is not an achievement, but a lifetime of achieving."
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