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Friday, November 6, 2009

Forex Trading System

The Conquer is a swing/position trading system that gains short term pips while in the process building into positions by 
allowing portions of winning trades to run and compound together, increasing profits in order to ride the whole trend. 
Trades are only entered in the direction of the current trend defined by the true trend indicator when the Stochastic is 
oversold/bought against the trend creating a rubber band snap back effect as prices resumes back toward the trend.

The consists of 2 separate trading methods that together make up the best forex trading system know because of the 
high returns with low draw downs and ease of trade.

Zero Line Cross
Drop In

The amount of trades vary form week to week. We are trading eight currency pairs and usually when setup begin to 
trigger they trigger in groups. For example, with all pairs being extremely overbought/sold for the last ten days in the 
direction of the trend, we have only had three trades this past week.

Ten days ago we were busy with trades (which have since taken profit and pieces of those trades ares still open and 
running with stops at break even (entry points) or existing trades locking in further profit). These trades have produced 
(with open trades) over a 8.5% return in those ten days - which is excellent! Yearly, we are looking for mid-double digit 
gains with very low draw down (less than 10%).
Forex System

The Conquer is traded off of the four hour time frame (H4) and the eight hour time frame (H8). We have a special 
indicator so that you can use the 8 hour charts with the MetaTrader charting platform.

The 4 hour time frame can have a possible system signal period six times per day. You need to be available for at least 
three of the signal periods: 0:00, 4:00, 8:00, 12:00, 16:00 & 20:00 GMT.

The 8 hour time frame can have a possible system signal three times per day: 0:00, 8:00 & 16:00 GMT.

Both time frames are traded on eight currency pairs (plenty of system signals) and there are email and sms alerts to help 
you know when there is a new trade.
doug: Here is my two cents on the Conquer: when I first started trading (less 
than a yr ago) I was told that you need a trade plan, you need to stick to the 
rules, you need to trade without emotion, you need good money management, 
and you need years of experience to succeed.

doug: "they" were right...except for the years of experience part. I have been all 
over the place, and this is the only place that I can find that hits all the 
important points, but you don't need years of experience.
mark: I needed a consistent and systematic method with clearly defined rules. I'm 
glad I came across your chat room! It's so nice having the anxiety removed from the 
equation. I'm just a manager of positions now!
tanmay: Thanks Jordan... amazing method very simple and intuitive...
tanmay: but very powerful at the same time

Forex Trading System, Money Management:

Along with our entry and exit rules we place a high importance on our money management. This is actually the most 
important piece of our forex system. Our position sizes and risk to reward ratios. If a series of trades stop out our loss is 
minimal and because of the high risk to reward we are using on each trade (ranges from 2:1 to great than 9:1) we know it 
only takes a couple of winning trades to recover from any draw down we might experience and expect to experience as is 
normal for all Forex trading systems. In other words, we expect to have losses and our trading plan is set accordingly so 
that those losses are small and we can recover quickly and move onto new account highs.

To sum it up, I have no idea what is going to happen in the markets ever (and I make a living trading!) so I am just 
following my forex trading system signals! All of the work went into developing the forex system in order for me to be able 
to simply follow the rules.

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