Andrew Forex Trading System

This forex trading system was introduce on a forex forum by Andrew Forex . The interesting thing of this strategy was simple and effective to predict price movement. Using two mainly indicators; supertrend and Nonlagdot, or you could add another indicator if you like. Trading at any pair but better cross-pairs that give good trends. You can use it on anytime frame but recommended to use it on 4H time frame

Rules of  Andrew Forex Trading System

Buy Entry:
A dot of Nonlagdot changes from red to blue. At the same time dots of nonlagdot should be above the Supertrend line. Also the Supertrend line should be green. A position should be opened by execution of a pending order. The order is placed on the upper point of the market extremum, which is formed after the first rebounce of the market downward (when closing price is lower than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then buy. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to red, the order shoud be canceled.

Sell Entry:
A dot of Nonlagdot changes from blue to red. At the same time dots of nonlagdot should be under the Supertrend line. Also the Supertrend line should be red. A position should be opened by execution of a pending order. The order is placed on the lower point of the market extremum, which is formed after the first rebounce of the market upward (when closing price is higher than previous one). That is one should wait untill the price has exceeded the point of extremum, and only then sell. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point. If the color of nonlagdot or supertrend changes to blue, the order shoud be canceled.

Market entries without placing pending orders are not recommended. Pending orders for market entries are placed with the regard of the amount of the spread and additional 3 pips.


Exit position:
1. The price touches the Supertrend line, or
2. The Supertrend line changes its color, or
3. The price touches the first line of the Fibonacci fan. The Fibonacci fan is constructed from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top of the movement to the bottom (when selling). It is important not to confuse: the Fibonacci fan is constructed not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.


Stop-loss is set:
1. On Supertrend line, or
2. Below near price swing, or
3. Under (over) the closest extremum of the market, which exceeds the Supertrend line in the opposite direction.

Stop-loss order is placed with the regard of the amount of the spread and additional 3 pips.

The following money management is recommended: either not more than 10% of the capital per trade, or a progressive system (e.g. Fibonacci or semi-martingale). Martingale is not recommended because it is far too risky in case of the lack of capital after several consecutive losing trades.

Adding is recommended solely to profitable positions after the regular change of Nonlagdot color in the direction of the current trend.

Attachment: Download Andrew Forex Indicators Here

Source: AndrewForex from www.fxstreet.com

Tom Demark Trend Line Forex Strategy

Tom Demark forex strategy is easy, simple but very powerful to take profit. It works with all pairs (major and others) which means you can have an entry for almost of the time. This strategy based on breakout method. You have got a knowledge how to draw Tom Demark trendline to use this strategy.

Tom Demark Forex Set up:

1. EMA 9, Ema 30
2. Momentum indicator (draw a horizontal line at the 100 point).
3. The hourly chart.>>
4. Draw a Tom Demark trend line (connecting at least 3 swing high (or low). And should avoid steep angles.

Entry:

Enter buy when the 9 ema crosses up the 30 ema and the momentum line is above 100. And price breaks the down trend line. (The trend line is our invaluable filter so make sure you do a lot of practice with it). Entry should be placed at the opening of the new hourly candle after the cross (to make sure the crossing and trend break are real and to keep away from whipsaw).

Enter sell when the 9 ema crosses down the 30 ema and the momentum line is below 100. And price breaks the trend line, at the new hourly candle after the EMA crossing.

The ema crossing can occur before or after the trend line break.

Stop loss :  40 pips (it has to be respected).

Target: from 40 pips up to 150 pips (depending on pair volatility and current situation).

Move your stop in the direction of trade in steps of 10 pips. When market reaches 75% of its daily range tighten your stop. When you see signs of reversal close order at market price. When you do not see any signs of reversal get rid of your limit and follow the price very closely with your trailing stop.


Demistifying Tom DeMark Trend Lines

My simple interpretation of what the article says regarding TD Lines (Tom DeMark Lines) is as follows:

TD Points

To draw TD Lines one first must identify TD Points (Tom DeMark Points). In all cases, the bar to the right of the TD Point being tested must be complete.

A TD Low Point (Tom DeMark Low Point) is a low bar which has a bar with a higher low immediately before and after it.

Therefore, when the bar before and/or after the low bar you are testing (to see if it qualifies as a TD Low Point) has the same low (double or triple bottom), the point does not qualify as a TD Low Point.

A TD High Point (Tom DeMark High Point) is a high bar which has a bar with a lower high immediately before and after it.

Therefore, when the bar before and/or after the high bar you are testing (to see if it qualifies as a TD High Point) has the same high (double or triple top), the point does not qualify as a TD High Point.

TD Lines

To draw the current lower TD Line (called the TD Demand Line), connect the the next most recent TD Low Point that is lower than most recent TD Low Point, to the most recent TD Low Point, then extend the line to the right. The lower TD Line must slope upward.

To draw the current upper TD Line (called the TD Supply Line), connect the next most recent TD High Point that is higher than most recent TD High Point, to the most recent TD High Point, then extend it to the right. The upper TD Line must slope downward. (www.forum.vtsystems.com)