Hello aspiring traders,
Starting Monday September 8 2014, I will start posting signals' screenshots generated by my custom indicators and expert advisor. You'll be able witness the performance of my own trading system called: THE LUCKY #7 strategy.
The aim of this strategy is to grab 7 pips per trade or 14 pips (7 + 7) per trade under specific rules.
Here's the idea behind my LUCKY #7 strategy. First of all, it is a counter-trend trading method. When price trends; it cannot and will not trend forever. At some point, price will hit some support/resistance level (S&R for short). At that critical S&R level, a battle will break out between the Bulls and the Bears of the market; and whoever wins that fight will decide where price will go next.
I use an expert advisor (EA for short) to scan the market and find the currency pairs where price is at strong S&R levels. We all know that, not all support & resistance levels are created equal. So I work with only the strong levels. Once, the EA finds price reaching a strong S&R level, it will place a BUY order if price is at support; or a SELL order if price is at resistance.
Next I wait for two (2) distinct arrows to paint on the chart in the direction of reversal of price. Let's be clear that these arrows are not generated by some moving averages-cross indicator that you can download for free online. These arrows understand the concepts of market momentum, currency strength, and correlation. Screenshots will be provided on a almost daily basis, so you'll be able to see them in action.
Let me repeat myself...I don't use the EA to place real trades. I do that manually. I use the EA as an alert system to scan all the currency pairs (yes I trade all 28 pairs). It is run a demo account. Real trades are entered manually on a real account. Ok, i hope I made myself clear.
Ask any question you like. The strategy will become cleared to you once I start posting screenshots.
Happy trading!
GMMATrader