Forex Signals - Pac_Man - Forex Trading System EA

Test Report

Update: added volumeMA in place of JMA option due to zero divide error. And blocked RSX random entry forex signal.

Here's a new martingale hybrid spun off of goblin bipolar.
The bulk of the bipolar program is here and untouched.

I changed the entry signal to CCI and Custom jma Volume forex indicator, to filter false forex signals.

Added SuperPacMan lot size progression
The trick to this version is in the equity target, lot sizing, JMA volume, CCI, and Turbo_JVEL
Equity target along with risk% setting will be the main exit forex strategy. When using money management=true Using risk setting and equity setting you can make it exit before the target.
When you increase the risk, the equity target will be hit sooner. Smaller targets are more easily hit. I go for 6-10 pips with the equity target.

If you set the regular target that low you also have to set forex pips low too. Then you get max forex trades opened when ever the forex market sneezes.
The regular targets are there to get hit when there are forex trades in both directions offsetting positive equity.

This alone only works for the first 2 trades. The more forex trades open the closer to the hard target it has to get to reach the equity target

Making the 4th and 5th trade reach all the way to the hard target to close all the forex trades.

Adding the SuperPacMan lot sizing handles this problem in a couple different ways. Play with it to see witch one you like.

The supercell can be used to increase the last trade 250%. This way the equity target can be reached and exit the potential disaster sooner rather than later (or not at all)
Turns out JVEL is a great filter. I increased its settings for better filtration.

CCI is a great trigger as well as a filter for keeping it in the direction of forex market momentom.
JMA Volume filter will make sure it forex trades only when there is sufficient forex market volume.

RSX is set high because when UseconsertiveRSX_Signal=false, the forex signal is simply based on RSX turning up or down, using slope for filter rather than trigger.
Set RSX to 12-17 if using UseconsertiveRSX_Signal=true, using conventional RSI 30/70 rules.

Default settings are good settings. But not the only ones that will work.

FREE DOWNLOAD PacMan Forex Trading System

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* Please remember forex trading currencies is very risky
and you may lose all or some of your forex investments.

* Past Results Performance Disclosure: Past
results are not necessarily indicative of future
results.

* General Risk Disclaimer: All forex Trading involves
risk. Leveraged forex trading has large potential
rewards, but also large potential risk. Be aware
and accept this risk before trading. Never trade
with money you cannot afford to lose.
All forex forecasting is based on forex statistics derived from
past performance of any forex trading methodology is no
guarantee of future results. No "Safe" forex trading
system has ever been divided and no one can
guarantee forex profits or freedom from loss. No
representation is being made that any account will
achieve forex profits or losses similar to those
discussed. There is no guarantee that, even with
the best advice available, you will become a
successful forex trader because not everyone has what it
takes to be a successful trader. The forex trading
strategies discussed may be unsuitable for you
depending upon your specific forex investment objectives
and financial position. You must make your own
investment decisions in of your own forex investment
objectives, risk profile, and circumstances. Use
independent forex advisors as you believe necessary.
Therefore, the information provided herein is not
intended to be specific advice as to weather you
should engage in a particular forex trading strategy or
forex buy and sell, or hold any financial product. Margin
Requirements, tax considerations, commissions, and
other transaction costs may significantly affect
the economic consequences of the forex trading
strategies or transactions discussed and you
should review such requirements with you own
legal, tax and financial forex advisors. Before engaging
in such forex trading activities you should understand
the nature and extent of your rights and
obligations and be aware of the risk involved.
Your actions and the forex results of your actions in
regards to any information you receive from
Forex Master Maker or any of its staff are entirely
your own responsibility. Forex MasterMaker or any
of its staff can not and will not assume liability
for any losses that may be incurred by the use of
any information received from Forex MasterMaker or
its staff. Any such liability is hereby expressly
disclaimed.

* Hypothetical Disclaimer: All results are
considered to be hypothetical unless otherwise
specified: Hypothetical performance results have
many inherent limitations. Unlike an actual
performance record, simulated results do not
represent actual forex trading. Also, since the trades
have not actually been executed, the results may
have under or over compensated for the impact, if
any, of certain market factors, such as lack of
liquidity.

No representation is being made that
any account will or is likely to achieve profits
or losses similar to those shown. In fact there
are frequently sharp differences between
hypothetical performance results and the actual
results subsequently achieved by any particular
forex trading program. Furthermore, only risk capital
should be used for leveraged trading due to the
high loss involved. One of the limitations
hypothetical performance results is that they are
generally [prepared with he benefit of hindsight.
In addition, hypothetical forex trading does not involve
financial risk, and no hypothetical trading record
can completely account for the impact of forex financial
risk in actual forex trading. For example the ability to
withstand losses (and incur account draw downs) or
to adhere to a particular forex trading program in spit
of trading loses are important issues which can
also adversely affect actual forex trading results.
There are numerous other factors related to the
forex market in general or to the implementation of any
specific forex trading program, forex method or forex system, which
cannot be completely taken into consideration with
hypothetical performance results and will affect
forex trading results and your P/L.

* Testimonials: Unique experiences and past
performances do not guarantee future results.
Testimonials herein are unsolicited and are non-
representative of all clients; certain forex accounts
may have worse performance than that indicated.
Forex Trading spot currencies involves substantial risk
and there is always the potential for loss. Your
trading results may vary. Because the risk factor
is high in the foreign exchange forex market trading,
only genuine “risk” funds should be used in such
forex trading. If you do not have the extra capital that
you can afford to lose, you should not forex trade in
the foreign exchange market. No “safe” forex trading
system has ever been devised, and no one can
guarantee forex profits or freedom from loss.

Read Easy forex trading MA System

How to trade Heikin-Ashi - Forex Signals

Extracted from:www.investopedia.com/articles/technical/04/092204.asp
------------------------------------------
Using The Heikin-Ashi Trading Technique

There are five primary forex signals that identify forex trends and buying opportunities:- Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride!- Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.- One candle with a small body surrounded by upper and lower shadows indicates a forex trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long.- Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.- Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend. These forex signals show that locating forex trends or opportunities becomes a lot easier with this forex system. The forex trends are not interrupted by false forex signals as often, and are thus more easily spotted. Furthermore, opportunities to buy during times of consolidation are also apparent

Learn Forex Education - Forex EA Testing Setup and Procedures

TRANSCRIPT OF AUDIO FILE #4496 OF PHILLIP - FOREX MARKET

Right, I am going to run through the forex market motion one more time. I see a lot of people still doing counter forex trades, counter-trend trades against the forex trend. Like the one we discuss on the daily Wrapup about that Swissy coming back to the 21EMA.

This forex chart and this MP3, you got to have it in your heart, not in your head, in your heart. If you look at the purple rectangle on the forex chart, the price break through the 89SMA blue line. Point 1, 2, 3 and 4 are just there to let you know that you can establish your forex market breathing or channel or whatever you want to call it so that you can know in what or between which boundaries does the forex market moves.

But the main thing is to remember when the price break through the 89 SMA, up or down, it doesn’t matter, as it will come back to the 21 EMA which it did and then it went up to the red number 3 on the trend line, then it came back to that red circle 21 EMA.

All those red circles are all high probabilities forex trades. They are all of the 21 EMA because we are in an up-trend; except for 4, 5 and 6. 4 is from the 89 SMA as well as the 365 EMA. It gave a nice morning star there. It was highly oversold on the MACD, below the 45 line, horizontal line and that was a high probability trade. So, the forex market moves away from the 89 SMA, pull back to the 21 EMA, then it move away, pull back to the 21 EMA, moves away, pull back to the 21 EMA.

The only time you do counter- trades, counter -trend trades is when your Risk/Reward Ratio (R/R Ratio) down to the 21 EMA and your stop loss is 1 to 1. But remember, sometime, it only come back to the 8 EMA. You need to keep that in mind as it is a high risk forex trade unless, if you see just right of number red 3 on top, you will see a lot of bars finding resistance there. If you do a trade somewhere around there, you will be probably very safe to come down to the 21 EMA. That’s how you do it.

The blue circle on top is a counter- trend trade. If you look at the 2nd blue one, you will see that the price come below the 21 EMA and the rule says that; at the end of a run, if it will push below the 21 EMA, it tend to pull back to it, sometime it goes a bit through it and then it come down to the 89 SMA. It’s exactly what happens there.

If you look at the bottom window on the MACD, the pink circles 1, 2 and 3, look at that noise there. You cannot trade the MACD like that, you gone be killed, there is no way you can do it. You have to stick with the motion of the market, around the 21 EMA, around your support and resistance lines, that’s the way to do your deals and it is very important to know that. You have to stick to that, there is no other way you are going to survive by taking every forex signals.


I still hear people on skype and talking about MACD being busy forming a round top and then there is still a 2 or 3 hours to go. You cannot do that, I mean, you can do it but it is not the way your focus should be. Your focus should be around the price movement, where it is in relation to the moving averages, where it is in relation to your forex trend lines, where is the movement in relation to your support and resistance lines. That is the way your focus should be. That is: when the MACD gives the forex signals, all that homework as been done already.

If I am sitting there in front of a 4 hours candle, if I got time to sit there for 4 straight hours, I am analyzing the forex market. I go to a monthly chart and draw my trend lines, then I go to the weekly’s one, do some in between minor trend lines or support and resistance lines. Then I go to the daily and then go to the 4 hours. Eventually, up and down according to the motion and the rules: what do I anticipate this price is going to do? Is the current movement within the rules? Is it within the system or not? If it is not, I just close it and I walk away. I don’t even think of forex trading. I do rather 4 or 5 good trades a month then do 10 of which only 4 was good and come breakeven at the end of the day. So, it is not about taking every forex signals.

Also, another thing that I want to emphasize is not to jump around between 10 currencies. Because you can get a wrong one at forex currency number one, then you jump to forex currency number 3 and get another wrong one and then you jump to currency number 8 and get another wrong one, where if you stick at currency number 1, the next forex signal would have been a good one and maybe the one after that as well. So, instead of having 3 wrong ones in 3 different currencies, you could have 1 wrong and 2 right in the same forex currency.

So be very careful no to jump around according to MACD forex signals. You’ve got to look at each pace, motion in relation to the moving averages and in relation to your support and resistance lines. Then, look at forex market emotions as I said in that summary.

Number red 5, you will see there is a morning star, if you look at 6, there is also a morning star. If you look at number 4 there is also a morning star. That is how you determine the emotions of the forex market, there is emotions involved in those candles. They tell me that those things have got high probabilities of moving in the right direction. That’s how I do it.

Get your focus on the rules, write it down, make yourself a little copy of this forex chart and write on it or next to it and try to see and look where the forex market is satisfying this type of motion. That is where your high probabilities forex trades are because, then, the Tsunami is over, it means the playing ground is over, this thing got direction now, there is a certain motion, there is a certain rhythm in it and you are going to flow in that rhythm. When you go counter-trend trade, you know that you go against the rhythm and you got to make it very sure that there is enough forex pips available to do that in a Risk/Reward Ratio, it could be 1 to1 or better, then you take it on.

You got to get this in your heart otherwise you are not going to make it.

3 Simple moving average Fractal forex system

4H MACD PRICE MOVEMENT RULES – FOREX SIGNALS

Rule number:

1. Your focus should be around the price movement in relations to:1.1 MA, trendlines, support and resistance levels and big numbers.
1.2 Then look for the MACD to confirm forex signals.

2. Homework on price movement should have been done before looking at the MACD forex signals

3. Don’t take every MACD forex signals.

4. Don’t jump around ten pairs.
4.1 Stay with the minimum and keep track of their price movement (as stipulated in Rule 9-11)

5. Look at market emotions – candle formation at critical points on the chart will show emotions in the forex market

6. Wait for playing ground to be removed so that the forex market can get rhythm and definite direction

7. Go with the rhythm and trend of the pair.

8. Counter trend trade only when:
8.1 Near major Trend, Resistance and Support lines
8.2 RR is 1:1 or better
8.3 Towards the 21MA as profit target

9. When price break through the 89MA, it tends to move back to 21MA and then it moves on in that direction.

10. When price breaks through the 200SMA, it moves back to it before moving on.

11. When price breaks back through the 21MA it comes back to 21MA and then move on to the 89MA

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The 4 Hour MOMENTUM TUNNEL FOREX TRADING METHOD

THE 4 HOUR MOMENTUM TUNNEL FOREX METHOD

Step 1.
Create a weekly chart [bar or candle] of a forex currency pair. On this forex chart overlay a 21 EMA [(H + L)/2], and a 5 SMA [(H + L)/2]. Note that the 21 period is an exponential moving average and the 5 period is a forex simple moving average.

Now, look at the difference between the two. As a forex market rises over time on the weekly forex chart, the 5 will rise faster relative to the 21. As the market goes down, the 5 will lose faster relative to the 21. The difference, in forex pips between the two, measures relative momentum of the forex market in real time. Each week, as long as the number of pips keeps rising [SMA 5 – EMA 21] from the previous week, the forex market continues in a bull run. Once a bull run loses forex pips [SMA 5 – EMA 21] from the previous week, it forex signals a medium-term top in the market. Conversely, once a bear run loses pips [EMA 21 – SMA 5] from the previous week, it forex signals a medium-term bottom in the forex market.

This now gives us [with only one week lag] a positive probabilistic model in determining which side [long or short] to initiate forex trades in a defined time period. We are identifying forex market momentum.

Step 2.
Create a 4 hour forex chart [bar or candle] of the same forex currency pair. On this chart overlay a 55 SMA [(H + L)/2], and an 8 SMA [Close only].

Now, look at the difference between the two on your 4 hour forex chart. Since we are using different types of MA’s and a shorter time period with a relatively longer period, the two will cross many times. We call these forex MOMENTUM tunnels.

So, we now take a look at the weekly forex chart again and determine that we are in a bull run. We then take a look at the 4 hour forex chart. We now know that we are looking to long the forex market, and that short positions will not be taken because they have been predetermined to be low probability events for large forex profits.

We now are looking for the 8 SMA to move lower through the 55 SMA. When it does, we carefully watch and notice when the SLOPE of the 8 SMA changes from negative to positive. It will do this when the 8 SMA stops losing value in one 4 hour bar and gains in the next. This is the 4 hour bar to initiate new long positions with 3 units [remember: units are whatever trading size you can handle. When you trade bigger, just adjust the size of the unit, not the number of units]. Stops can be placed using forex technicals [support/res/trendline] of the most recent 4 hour bars.

Assuming the forex market starts to go up, we stay long until 1) at some point in time the 8 SMA changes slope from positive to negative, at which point we exit the entire 3 unit forex trade, 2) the market moves up, there is no slope change, and goes to the 144 or 233 fib number from the 55 SMA line, where 1 unit is taken off, 3) the market moves up to the next fib number [233 or 377], again with no slope change, and the 2nd unit is booked.

Let’s now assume that the weekly chart determines we are in a bear run. We will now be looking to initiate new short positions only.

We are looking for the 8 SMA to move higher through the 55 SMA. When it does, we carefully watch and notice when the SLOPE of the 8 SMA changes from positive to negative. It will do this when the 8 SMA stops gaining value in one 4 hour bar and loses in the next. This is the 4 hour bar to initiate new short positions with 3 units. Again, stop placement depends on forex technicals of the most recent 4 hour bars.

Assuming the forex market starts to go down, we stay short until 1) at some point in time the 8 SMA changes slope from negative to positive, at which point we exit the entire 3 unit forex trade, 2) the forex market moves down, there is no slope change, and goes to the 144 or 233 fib number from the 55 SMA line, where 1 unit is taken off, 3) the market moves down to the next fib number [233 or 377], again with no slope change, and the 2nd unit is booked.

There will be times when the slopes will change and the 8 SMA will not be above/below the 55 SMA line. In these circumstances we use only 1 ½ units to initiate a trade with the same rules above.

We are implementing this new 4 hour forex method with only 2 filters. The first is on the weekly forex chart. If the difference between the 21 EMA and the 5 EMA is > 500 pips, then the forex pip difference from the prior week must change by more than 10 pips, or just go lower over 2 consecutive weeks, to signal a trend change.

The second filter is on the 4 hour forex chart. If the 8 SMA and the 55 SMA and the forex market price are all within 50 pips or so of each other, we go to forex technicals [breakout] to continue the trade. We do this because, at this juncture, you are more likely to get the 8 SMA jumping up and down 2 or 3 pips every few bars, thus generating a false trade forex signal. It doesn’t happen very often, but when it does, using this filter can save us money, and the forex market isn’t really moving anywhere anyway. Therefore, a breakout of the techs makes sense to initiate a trade, if it’s in the direction you are supposed to be forex trading.

If you now go ahead and make the charts and take a cursory look at the weekly, you should be amazed. The weekly criteria hits every single turn in the forex market within a couple of weeks. The fact of the matter is that the weekly difference of the MA’s TRENDS. It doesn’t change gaining/losing unless the forex trend changes.

The 4 hour chart is equally powerful. A more careful look at the 4 hour will show large 4 hour bar spikes that often change the slope of the 8 SMA. The reason we chose the 8 SMA with close only, is so that we can better estimate in the next 4 hour bar period the price needed to change the slope before the period is over. Many times this will give us a huge profit advantage over waiting until the period is over.

II. IV. FOREX ANALYSIS

The following spreadsheet gives a rough idea of what kind of profitability you are looking at using the forex 4 Hour Momentum Tunnel Method. It is very important to realize what assumptions we used in calculating these numbers. The criteria was as follows:
1) 1) Any trade that looked like less than 100 pips profit we totally ignored,
2) 2) When taking forex profits we ignored fib numbers from the market price and instead used the 8 SMA line if it hit a fib number. We did this because it was much easier to calculate and took far less time than analyzing each bar on every forex chart with every forex pair. Note though, that this REDUCES profitability tremendously over time. The market is much more likely to hit fib numbers than the 8 SMA.
3) 3) Any forex trade that looked like a scratch or a loss, we treated as a loss, and
4) 4) After we summed up all the periods we DOUBLED the losses,
5) 5) We used 3 units on most trades, except 1 ½ units on forex trades where the 8 SMA changed slope and did not cross the 55 SMA. This forex trading signal is somewhat less powerful than the original, so we reduced size accordingly.

III. V. FOREX RISK MODELS

I could write a book on risk models, and it could easily be 500 pages and sell for $100. There are as many models, along with their variations, as there are wannabe forex traders in the world. Instead of going through conservative and aggressive scenarios, I decided just to write about the model we will initially employ. I am not suggesting you use it: I am simply presenting it for your forex information. You must come up with your own risk model.

Unit value: 1 unit = 500,000 base forex currency vs. $US
Trade Size: 3 units per currency forex pair, except 1 ½ units when 4 hour chart filter kicks in.
Filters: Only the 2 mentioned earlier in the file
Stops: Will be based on technicals off of 4 hour forex charts.
Pairs traded: Initially only GBP/USD.
Options: Yes, will write [sell put or call] premium opposite forex trend off of weekly forex chart with 1unit, with trend change triggering covering of positions. We will sell out-of-the-money option [depending on signal, sell calls for bear forex signal – sell puts for bull signal] premium with expiration of 6 – 8 weeks, and look to cover 2 – 3 weeks from expiration at approximately a third of selling price.
Other: May not take off entire position at slight change in slope of 8 SMA on the 4 hour chart. Most likely scenario is to take partial forex profit, with stop based on technicals for remaining position.

IV. VI. WHERE DO WE GO FROM HERE?

I hope most of you reading this file can see how adaptable and flexible this forex method can be to your forex trading style. Even if you choose to trade shorter timeframes, this method can keep you on the right side of the forex market. It should confirm other types of analysis as well. When I sit back and think, I can see a host of scenarios some people will envision and implement. By all means, make the necessary changes to fit your trading style. This is not a one size fits all forex trading method. All anyone should care about is making money, and we think this will definitely help you in that objective.

For newbies to forex, or more conservative forex traders, you can scale back and cherry-pick the best trades. Simply use the model as your forex guide, and take the guesswork and emotion out of forex trading. You will always be buying dips in a bull run, and selling rallies in a bear run, to initiate new positions. You are letting the forex market tell you when it has had its little contra-trend rally/break. That, in essence, is what a MOMENTUM tunnel is all about. It creates a visual space for you to see these contra-trend opportunities as they are being created. When they turn, you can pounce on the forex trade, and now it’s time to continue the medium-term trend. You’re not going to hit every one perfect, but you will definitely get your share if you stay patient and wait for the optimum time. Even if you screw up the entry, the trend will probably make the forex trade a profitable one.

I hope you can see why forex trading MOMENTUM tunnels [4 hour] are better than trading PRICE tunnels [1 hour]. You will have less losing forex trades, and there is no chop around the MOMENTUM tunnel. If the forex market continues to go against the trend, within a very short period of time you will only have 2, possibly 3 losing forex trades before the weekly trend would change. This is a very acceptable tradeoff for the new information being given to you by the forex market: i.e. a weekly trend change. At least for us, this means closing old option positions [at just the right time], and creating new ones [at just the right time].

Remember the old forex trading proverb: price = information. That’s exactly what’s happening when you get a trend change from the weekly forex charts. Of course, remember that there is a lag of 1 week from knowing when the high or low reading comes, because you won’t know until Friday’s close if last week’s reading was the high/low or not.

Let me just add, that forex MOMENTUM tunnels should work particularly well with other financial markets. Stock indices, oil, and interest rates should trade very profitably with the new method. Some of the forex currency crosses [eur/jpy, eur/gbp, eur/chf, eur/cad], in theory, should also work well. Vegas Jr. is going to look at these particular crosses in a few weeks to check them out, so I’ll withhold my opinions on them until he is finished.

More Forex Scalping Systems

Download AUDIO MP3 Forex 4 hrs Trading Methods

Free forex buy and sell indicator. Forex trading System (Metatrader4)

Hi fellow traders,

I'm using the Forex Moneymaker system for the last 9 months and following it religiously for the last 4 months. It's a trend following system.

The Key components are 4 Indicators.

Heikin-Ashi : Visual Confirmation of A Trend or Consolidation. Confirms also when market is in a Range.

Stochastic & EMA34 : Indicates market momentum.

Aroon: Confirms Trend.

ATR : Indicates current market volume.

I am getting around 30 to 150 pips daily on eur/usd, usd/chf and gbp/usd. I get about 1, 2 or 3 signals in a 24 Hour period.

FREE forex buy and sell indicator Download

this is not the best out there, But worked for me so far. For the last 1 month market is rangebound. But with this system I'am still getting about 30~100 pips daily on each of the eur/usd, usd/cnf & gbp/usd.

If you Need More Forex System

WHAT IS FOREX

WHAT IS FOREX

The Foreign Exchange, also referred to as the "Forex" or "Spot FX" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you see how giant the Foreign Exchange really is. In fact it is three times larger than all of the US Equity and Treasury markets combined!

What is traded on the Foreign Exchange? The answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD). They are called ‘the majors'. The major currency pairs are the Euro Dollar (EUR/USD); the British Pound (GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF). Because there is not a central exchange for the Forex market, these pairs and their crosses are traded over the telephone and online through a global network of banks, multinational corporations, importers and exporters, brokers and currency traders.

Traditionally, currency trading has been a 'professionals only' market available exclusively to banks and large institutions, however, because of the rise of the new E-economy, online Forex trading firms are now able to offer trading accounts to 'retail' traders like you and I. Now almost anyone with a computer and an Internet connection can trade currencies just like the world's largest banks do. There are now over 10 million trading accounts worldwide up from 10 million in 2005.