After starting up and doing some trading for friends and family, I soon realized that I needed a daily system so I could have the time to devote to my other business and my family. So, hence, I present the SwingSpot Progressive Daily System.
The Components
The first two indicators, Laguerre and Trend power, I have used previously in other systems using them for entry points. This time they help me scale out my exits instead.
The next two indicators, SwingSpot Pro and SwingSpot Trigger, are indicators that I've modified to fit this strategy. SwingSpot Trigger is a modified version of a ZigZag indicator to show all placements of the arrows before the actual movement occurs (because the ZigZag does repaint). As we all know, repainting indicators are of no use and this indicator is only alerting us or "triggering" the possibility of an upcoming trade, no more, no less. SwingSpot Pro is a modified version of the SuperGain indicator which is actually used to initiate the trades.
I've also added another indicator called the Spread/Swap Monitor. It tells us what the Spread, Buy Swap, and Sell Swap rates are right on the chart. And since we are looking for trades with positive swap, this will come in very handy so you don't have to check your MarketWatch all the time to check swap rates.
I've added 2 templates as well. SwingSpot Pro 1 is a more aggressive version of SwingSpot Pro 2, which is what I'm using for my trading and the examples I post.