PROVEN FOREX SYSTEM UPDATE !

This is new system optimized from the previous one and all indicators used in previous system has been
changed as follows :

- Bollinger Band (BB) changed into Camarilla indicator

- Parabolic SAR changed into Fractal indicator

- Stochastic
With parameter %K : 9 %D :3 Slowing :3
Price field : low/high
MA method : Linear Weighted


Camarilla indicator

This indicator divide area into 7 lines:
H5,H4,H3,Pivot,L3,L4,L5
The rule of this indicator same as Bollinger Band rule from previous post.

Global rule for this indicator :
in a day the bar should cross or touch the pivot line first at least once before it will go somewhere

bounce and cross should be happen in a day , if the bar bounce confirmed then the bar should go to below next line , if the bar cross confirmed then the bar should go to above next line


When will the bounce confirmed ?

Bounce confirmed when the pattern near line indicator appears as triangle up (T.Up ) or triangle down (T.Down) usually two or three attempts to break the line before it confirmed



When will the cross confirmed ?

Cross confirmed when the bar cross the line and the next bar has same direction with previous bar, it could be crossing up (Line Up/L.Up) or crossing down (Line Down / L.Down).





SECRET OF FRACTALS

Actually fractals has same characteristic with parabolic sar , buy when it appears below the bar and sell when it appears above the bar but in fractals we couldn’t take a position whenever it appears.
Combined with camarilla indicators fractals has a great potential to use, when fractal touched or near the camarilla line and it performed T.Up then take buy position with target Take Profit (TP) is next camarilla indicators and Stop Loss (SL) 20 pips and when fractal touched or near the camarilla line on above the bar and it performed T.Down then take sell position with TP is next line and SL 20 pips.

In this case you must learn to find T.UP and T.DOWN shape.

STOCHASTIC

This indicator is not main indicator , only to get better result use this indicator to make sure in what level (SELL/BUY) you willing to take position.

Buy confirmed if stochastic on BUY LEVEL
Sell confirmed if stochastic on SELL LEVEL

All indicators combine



Have a nice trading !

Note : You can download camarilla indicator here Forex Indicators Collection