TRADERS SECRET LIBRARY V5

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System Overview

This system uses various technical indicators and chart setups to determine the entry and exit points for trades. It employs two main approaches: one for trading during high-impact news releases and another for normal scalping conditions.

Indicators and Settings

  • Average Directional Index (ADX 14)
  • Exponential Moving Averages (EMA 14, EMA 21, EMA 40)
  • Trendline Indicator (sf_trend_line)
  • Fractals or Swing High/Low
  • Fibonacci Pivot Points

Buy/Long Trade Rules

News Straddle Approach

  1. Setup: Identify high-impact news releases for EURUSD, GBPUSD, AUDUSD, EURJPY, USDCAD, and NZDUSD. Five minutes before a high-impact news release, place a pending buy and a pending stop order, both 20 pips away from the price on the 5 Minute chart.
  2. Execution: Set the stop losses 30 pips from the pending orders. Exit the trade manually with a profit of 5 pips or more.

Normal Scalping Approach

15 Minute Chart Signals:
  • Price above the 21-period EMA.
  • 14-period moving average above the 21-period moving average (and optionally, 5 and 8-period moving averages should also be above the 21-period moving average).
  • ADX is sloping up and is above the 30 level, indicating increasing uptrend momentum.
  • Trendline indicator slanting up.
1 Minute Chart Signals:
  • Trendline indicator slanting up.
  • ADX is sloping up or is above the 30 level.
Entry:
  • Enter a buy trade on the 1 Minute chart when:
    • Price breaks a resistance level or a previous swing high on the 1 Minute or 15 Minute timeframes.
    • Price bounces off from the lower trendline on the 1 Minute or 15 Minute timeframes.
    • Price pulls back to the 21 EMA or a shorter period EMA on the 1 Minute or 15 Minute timeframes.
Stop Loss and Exit:
  • Set the stop loss level 30 pips below the price or below the previous low.
  • Move the stop to the entry price (breakeven) at 5 pips profit.
  • Exit the trade at a profit of 5 pips or more.

Sell/Short Trade Rules

Normal Scalping Approach

15 Minute Chart Signals:
  • Price below the 21-period EMA.
  • 14-period moving average below the 21-period moving average (and optionally, 5 and 8-period moving averages should also be below the 21-period moving average).
  • ADX is sloping up and is above the 30 level, indicating increasing downtrend momentum.
  • Trendline indicator slanting down.
1 Minute Chart Signals:
  • Trendline indicator slanting down.
  • ADX is sloping up or is above the 30 level.
Entry:
  • Enter a sell trade on the 1 Minute chart when:
    • Price breaks a support level or a previous swing low on the 1 Minute or 15 Minute timeframes.
    • Price bounces off from the upper trendline on the 1 Minute or 15 Minute timeframes.
    • Price pulls back to the 21 EMA or a shorter period EMA on the 1 Minute or 15 Minute timeframes.
Stop Loss and Exit:
  • Set the stop loss level 30 pips above the price or above the previous high.
  • Move the stop to the entry price (breakeven) at 5 pips profit.
  • Exit the trade at a profit of 5 pips or more.
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