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Simple Supper Trading System

This document describes the I-FX simple supper trading system. It uses a 15 minute time frame with the Zigzag, stochastic, and moving average indicators. Trading rules follow trends confirmed by SMA crossover and take entries based on stochastic oversold conditions and support/resistance. Long positions are entered during uptrends on horizontal support and short positions during downtrends on resistance, following stochastic signals. Exits are based on previous support/resistance levels or 20 pips profit. The system is still being tested and improved by its designer to share backtest and live performance results.

Uploaded by

satish s
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
180 views

Simple Supper Trading System

This document describes the I-FX simple supper trading system. It uses a 15 minute time frame with the Zigzag, stochastic, and moving average indicators. Trading rules follow trends confirmed by SMA crossover and take entries based on stochastic oversold conditions and support/resistance. Long positions are entered during uptrends on horizontal support and short positions during downtrends on resistance, following stochastic signals. Exits are based on previous support/resistance levels or 20 pips profit. The system is still being tested and improved by its designer to share backtest and live performance results.

Uploaded by

satish s
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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I-FX Simple Supper Trading System

Trading strategy setup:


Currency pair: EUR/USD or any other pairs.
Time frame: 15 min
Indicators: Zigzag, Stochastic, Moving Average- Simple,
Manual Support & Resistance
Indicator input:
Zigzag= 24, 10, 6
SMA= 96, 480
EMA= 200 (optional)
Stochastic= 14,3,3

Trading Rules: This is very simple trading system for the traders who
love day trading. In my system I used 3 different indicators which will
help to make a good entry and exit setup. This system may not work in
extreme volatile or supper trendy market. The Reward to Risk ratio
depends on you and recommended risk level is not more than 2% per
trade.

Entry Rules: First put SMA to confirm trend. Here I use Black line as SMA
96 and Red line as SMA 480. When Red SMA cross price, black SMA and
RED SMA stay down we have uptrend confirmation. After that we will draw
support & resistance using Zigzag swing high and low points. Finally we will
take our Entry based on Stochastic over sold conditions and support
resistance. Here most Important thing is we will trade only favor on
trend. So when we have upward trend confirmation we will just go
for long using horizontal support & resistance line following
Stochastic oversold condition. In the down trend we will use same rules
i.e Vice versa.

Exit Rules: We will close Trade based on previous Support or Resistance. If we


hold position for long we will set our TP on recent resistance or vice-versa.
for short entry. I have 3 different Stop-loss (SL) rules. First you can set your
SL on recent support below immediate support. 2nd u can set your SL
below 200 EMA line. 3rd u can use 20 pips par trade.
Here is Short Setup using I-FX System:

Here is Long Setup using I-FX System:


Advantages: The main advantages of this system is most of us are very
familiar with Support & Resistance, Stochastic , Zigzag and Moving Average.
If we can use it in I-FX system, I wish it will give a better performance in
your trading .
Disadvantages: The main disadvantages of this system is setting SL. I made 3
different flexible SL rules which you can use in different market condition.

I-FX trading system development:


I have been trying to improve this system and finding error in last few
weeks. As well as testing this system using simulator in different pairs. I
will continue with development of this system and soon share the back
test result as well as live account performance based on it.

I-FX Trading System Designed by


D.H Ifti
Chief Technical Analyst at TigerFX Bangladesh
& Investopower Research Team Member

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