We are happy to let you know that we like his secret system he gave away and we are happy to share it with you here so you know how it is working with him and listening to his explanation – this should give you an idea of his method overall
Below we have the rules for Buy Entries
1. A Bullish Divergence must exist.
a. The MACD must show a rising momentum between a lower-low MACD level and a higher-low MACD level
b. The price must show an overall falling price between a Swing-Low point that correlates to the Lower-Low MACD level and a Swing-Low point that correlates to the Higher-Low MACD level
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2.The price point that correlates to the Higher-Low of the MACD level, must
either:break below the lower Bollinger Band OR be within 10 pips of the lower
Bollinger Band
3.ADS Indicator must change color from red to blue
4.Entry of trade is based on the open of the first candle after the ADS changed
color to blue
5. Stop loss is placed at 10 pips for H1 time frame, 15 pips for H4 time frame or 25 pips for D1 time frame, below the low of the signal bar that occurs on the ADS crossover
6.The ultimate target is the higher Bollinger Band Void Trades:
1. The entry is void if the price of the signal bar closes above the 20
-Period Simple Moving Average (the middle line between the upper & lower Bollinger Bands) OR if the price closes within 10% below the center line of the Bollinger Band (based on the vertical distance of upper & lower Bollinger Bands)
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Trade Management Notes:
1. 1st Trailing Stop Target is set when price breaks the 20-Period Simple Moving
Average (the center line between the Bollinger Bands)
2.The center line between the Bollinger Bands can be used to
trail price
3.The stop loss can be tightened to 10 pips from current price if the
ADS generates a reversal signal
4.The ultimate target should be a minimum of a 1:1 reward-to-risk ratio
compared to the stop loss (distance between entry price & 25 pips below the low of the signal bar)