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Monday, October 7, 2013

11:16 AM
Gann-HiLo-DMI-Trading-System

Gann HiLo DMI Trading System is a simple trend trading system. It's based on the signals of 3 forex indicator : Gann Hilo, DMI, and QQE.

Currency Pairs : GBP/JPY (but may trade on other currency pairs).

Time Frame : 1 hour or higher.

Indicators :
  • Indicator Gann HiLo (10)
  • Indicator DMI (14), just need to install the level of 20
  • Indicator QQE (10)

Gann HiLo DMI Trading System Rules


For Buy (Long) :
  1. The red dotted line indicator QQE is below the blue line (crossed her top down) - The primary signal!
  2. Price crossed indicator Gann HiLo from bottom up.
  3. Blue line indicator DMI crossed and is above the level of 20.
  4. The body of the candle on the level around the level of opening should be more than 3 points, if it is not, then this candle believe <Dodge> and open transaction on this candle isn't necessary. If the size of the candles from opening until closing above 90 points, then trade on the candle just not necessary, because very high probability of rebound and get Stop-Loss on this candle.

For Sell (Short) :
  1. The red dotted line indicator QQE is above the blue line (crossed it from bottom up) - The primary signal!
  2. Price crossed indicator Gann HiLo from top down.
  3. Indicator DMI has crossed the line and is above the level of 20.
  4. The body of the candle on the level around the level of opening should be more than 3 points, if it is not, then this candle believe <Dodge> and open transaction on this candle isn't necessary. If the size of the candles from opening until closing above 90 points, then trade on the candle isn't necessary, because very high probability of rebound and get Stop-Loss on this candle.

Entering the market is executed only at the opening of the next candle after confirmation of all signals :
  • This strategy is recommended to use only a safety Stop-Loss, which should be placed at the nearest local minimum (for sale) or maximum (for sale).
  • When the price will be in the direction of the trade position 75 points (for a pair GBP/JPY), should be rearranged in the Stop-Loss level 'zero'.
  • (Optional) You can use a trailing stop (that includes a standard at a distance of 75-100 points, according to the market).

Exit position :

The transaction closes when triggered Stop-Loss, or the reverse crossing indicator QQE. Leaving the market to undertake at the closing of the candles after getting the signal.

Credit : Nico

Rifuki-Brain
Title : Gann HiLo and DMI Trading System
Rating : 5
Reviewed by Rifuki Brain

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