Forex Orabi Method Trading System
Forex Orabi Method Trading System:
Time Frame 4H
Currencies Pairs:all.
Indicators:
Candle Average;
Center of Gravity.
Rules
1-enter from red and green lines only dont use doted lines.
2-enter when the candle average indicator(timing indicator is above .81 or less than -.81 .
3-enter with my infiniti building position stratgy use the minimal position you can then add every 50 – 100 pip according to your fundemantal view .
take profits as ast a you can and dont be greedy.
I trade in the direction of the COG bands if they are going up I go long enter 1contract on the 1st signal below the COG line.Must have stoch OS candle average –0.81 and have an Oan signal long. Enetr with 10 secs to go TP is the COG line
If it goes against me enter long on next band down with all criteria above,I don’t set a stop ive yet to bust out. I go to a max of 3 entries.
I see people using this system(s) differently. Some people placing trades off the dotted lines closest to the middle line, the dashed lines, and even the solid lines. Some people are just trading off the solid outer lines. Some people are trading off certain lines, then adding another lot when it gets to the middle line. So basically my question is this: What is the best line(s) to trade off of for the M1 chart, and what line should I be taking my TP?
Well I use the 1st 3 under the or above the COG line and my TP is the COG middle band at the time the 1st contract is placed..for the 2nd contract the middle band may of moved down so that now becomes my 2nd contract tgt etc etc
STOP LOSS??!!! I know everyone is trading differently, but please, if you are using a SL with this system, where are you putting it? I’ve seen anything from 100-400 pips, outside the previous candle, to even NO SL AT ALL. I personally am not a fan of using SL, but for scalping on the M1, should I be using a SL? And if so, where/how much?
All my past trading and eod trading is with a stop loss I don’t with this ..as we are on the 1min it does seems to come back perhaps the account will blow Im trying to blow it and test it to destruction its not happened yet
4. I never understood this part of this thread: When exactly do you add additional lots onto a trade?
See chart for this,1st contract at 1st arrow 2nd lot at 2nd arrow… assume we had an oan signal plus bands up and stoch OS with candle average –0.80.same for 2nd arrow entry.
5. I hear people saying they wait till the close of a candle before they get into a trade. So if the price hits the line their trading off of, and the candle closes outside the line, do you take this trade even though the price is not touching the line at the close of the candle?
Need an oan signal which always seems to coincide with touching of one of the bands
6. When is the best time to be trading the M1 TF? For example, the London Open till the New York Open?
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Orabi Method Trading System?
- Download Forex Orabi Method Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Orabi Method Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
