The KISS Trading System
Keep It Simple, Stupid. Forget all the technical analysis and all the indicators. Below is the trading rules for all Major Pairs.
For long position
1. Last two bar must be green, i.e. close greater than open.
2. Close[1] > Close[2]
3. Last two Candle body must be no less than 4 pips long.
4. Close all short positions regardless profit or loss
5. When no long positions exist, open long position at the open of the new bar.
6. Stoploss 20 pips and take profit 10 pips.
For short position
1. Last two bar must be red, i.e. close lower than open.
2. Close[1] < Close[2].
3. Last two Candle body must be no less than 4 pips long.
4. Close all long positions regardless profit or loss.
5. When no short positions exist. open short position at the open of the new bar.
6. Stoploss 20 pips and take profit 10 pips.
Update: Version 3
1. 60 LWMA has beed added. To go long, Close[1] must be above 60 LWMA. To go short, Close[1] must be below 60 LWMA.
2. Bot will double your lot. It will close half lot when initial target hit and start trailing by move SL to last candle open or low.
Keep It Simple, Stupid. Forget all the technical analysis and all the indicators. Below is the trading rules for all Major Pairs.
For long position
1. Last two bar must be green, i.e. close greater than open.
2. Close[1] > Close[2]
3. Last two Candle body must be no less than 4 pips long.
4. Close all short positions regardless profit or loss
5. When no long positions exist, open long position at the open of the new bar.
6. Stoploss 20 pips and take profit 10 pips.
For short position
1. Last two bar must be red, i.e. close lower than open.
2. Close[1] < Close[2].
3. Last two Candle body must be no less than 4 pips long.
4. Close all long positions regardless profit or loss.
5. When no short positions exist. open short position at the open of the new bar.
6. Stoploss 20 pips and take profit 10 pips.
Update: Version 3
1. 60 LWMA has beed added. To go long, Close[1] must be above 60 LWMA. To go short, Close[1] must be below 60 LWMA.
2. Bot will double your lot. It will close half lot when initial target hit and start trailing by move SL to last candle open or low.
Attached File(s)
KISS-V3.mq4
42 KB
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3,746 downloads
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Uploaded Oct 3, 2011 12:41am
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