CRUDE OIL TRADER MACBOS system
- Thread starter oilfxpro
- Start date
Trading crude futures from august 6 to the 31 st produced a net profit of 409 cents ,drawdown of 163 cents , using trades in direction with 4 hour trend lines , a profit rate of 55 % , average profit per trade of 49.6 pips , and average loss of 27.75 pips , 27 trades , average 1.5 trades per day , from 8 a m to 19 hours gmt.slippage 2 pips and an overgenerous spread of 7 was used to calculate.
By not using 4 hour trend lines and trading all day and night , profitability was 41 % , net profit was 77 cents , drawdown of 364 cents
This version is a trend line version
Apply this strategy when any of the following apply
price is above 4 hour trend line for longs bias or price is below 4 hour trend lines for shorts bias
price is above 4 hour lwma 18 for longs bias or price is below lwma 18 on 4 hours for shorts , trendlines have priority over lwma
Fundamental news changes like interest rates
price breaks above major resistance and remains for more than 30 minutes
price breaks below major support and remains for more than 30 minutes
Price breaks with momentum of e g 50 to 80 pips , if missed entry wait for a retrace to bottom of channel or next opportunity
price is not overbought or oversold on channels
Stochastics on 4 hour is on up for longs , or stoch is down on 4 hour for shorts
s and p is also showing same i.e trendlines ,lwma , stochastics , momentum
price is retraced near the mean I e â¦lwma 18 on 4 hour or bottom of 4 hour up rend lines for longs or top of down trend line for shorts
price is retraced near the mean I e majort support on 4 hour bars for long bias or major resistance on 4 hour bars or longer time frame
On down trend days only short biases , on up trend day only long biases , a trend day is not just one move of 50 pips , it needs several moves up or down with retracements
On trending days and buy sell zones use discretionary methods or trending biases only.
Exiting strategies and managing trades including discretionary trades.
When divergence forms or stochastics is reversing after a move , place an order to exit the strategy at previous high - 5 pips or previous low plus 5 pips .
When a channel is formed place profit targets on directional trades , these targets are at top of channel -5 for longs or bottom + 5 for shorts.
Exit most open directional trades , including discretionary trades at resistance levels /support levels
By not using 4 hour trend lines and trading all day and night , profitability was 41 % , net profit was 77 cents , drawdown of 364 cents
This version is a trend line version
Apply this strategy when any of the following apply
price is above 4 hour trend line for longs bias or price is below 4 hour trend lines for shorts bias
price is above 4 hour lwma 18 for longs bias or price is below lwma 18 on 4 hours for shorts , trendlines have priority over lwma
Fundamental news changes like interest rates
price breaks above major resistance and remains for more than 30 minutes
price breaks below major support and remains for more than 30 minutes
Price breaks with momentum of e g 50 to 80 pips , if missed entry wait for a retrace to bottom of channel or next opportunity
price is not overbought or oversold on channels
Stochastics on 4 hour is on up for longs , or stoch is down on 4 hour for shorts
s and p is also showing same i.e trendlines ,lwma , stochastics , momentum
price is retraced near the mean I e â¦lwma 18 on 4 hour or bottom of 4 hour up rend lines for longs or top of down trend line for shorts
price is retraced near the mean I e majort support on 4 hour bars for long bias or major resistance on 4 hour bars or longer time frame
On down trend days only short biases , on up trend day only long biases , a trend day is not just one move of 50 pips , it needs several moves up or down with retracements
On trending days and buy sell zones use discretionary methods or trending biases only.
Exiting strategies and managing trades including discretionary trades.
When divergence forms or stochastics is reversing after a move , place an order to exit the strategy at previous high - 5 pips or previous low plus 5 pips .
When a channel is formed place profit targets on directional trades , these targets are at top of channel -5 for longs or bottom + 5 for shorts.
Exit most open directional trades , including discretionary trades at resistance levels /support levels