Mandrake Forex Trading System

March 24, 2017

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Mandrake Forex Trading System

This system can be use for 15 min timeframe but lower timeframe will have more whipsaw. Therefore, higher timeframe is recommended but confirmation entry is on 15 minutes. Use 30 munites and 1 hour timeframe. The pairs that is suitable for this system are the major pairs. use this method during Euro session. Don not trade during the news.

MT4 Indicators:

RSI Var1
Mandrake STOCH
Mandrake RSI
Mandrake CCI
EMA 10 dan 3
Fibo Pivot
Bar time
Isakas Heiken Ashi V2.

Buy Entry:

The RSI and 3EMA are above/cross > 50 (label A)
Those Indicators marked with label B turn to BLUE all of them.
The Bar cross above 10EMA dan the middle lins of the Bollinger Band (Green)
Heiken Ashi Kuskus must be BLUE, as shown by label C (Not neccessary but for more confident so we take into account as well)

Please make sure where is the BAR PRICE POSITION. If the bar position is within Support 3 level, therefore you must be careful as it indicates there will be a reverse signal.(Tips: If your are going to place order make sure the bar time (H) in the chart 2 nearly end , and all the indicators ( B ) are the same colors)

Sell Entry:

The RSI dan 3EMA are above/cross < 50 (label A)
The Indicators marked with label B turn to RED all of them.
Bar below 10EMA and the middle line of Bolinger Band (Green)
Heiken Ashi Kuskus also RED as shown by the label C (not neccessary for the rules but to be more confident the changes also take into account as well.)

Exit Position:

There are 5 ways to exit a position. (In reality there are a lots of way to exit a position but this is my way of telling you for this system. It is up to you.)

When the price bar black/white (Black is bear/short, White is bull/long) touch the Bollinger Band line and follow by the next price bar (Black or White). Example: Look at Chart Exit position. For closing a SELL position . The black Bar touch the red line of the Bollinger Band and then the next bar become white (Bull). That’s signalling a reversal.
Set the target at the support 1, 2, 3 line or resistance 1, 2, 3 line. Normally the price will touch those lines ini before making a reversal movement or continuation.. If the 1st linesbeing cross, most probably the price will travel further to Support or Resistance lines of 2 atau 3.
You can wait the Price Bar appear at above or below the 10EMA. (which one consider appropriate)
You can wait the Price Bar appear at above or below the middle line of the Bollinger Band. (which one consider appropriate). C and D are the same.
Wait for the KUSKUS HEIKEN ASHI bar change color.

Tips: Look at F, when the RSI line cross with the 3EMA it is showing a trend change and you be ready for it.

MARKET UNCERTAIN SITUATION (CHOPPY)

Under such circumstance it is difficult to see which way the trend heading to. Such situation happen when market in a non-active mood, for instance during the Asia Session, traders wait for news release or there’s a public holiday for the major country’s currency pair. Your are advise to stay away from such market. If you are in position you should close it with a small profit.