CRUDE OIL 1 min trading system by OILFXPRO

Hi folks

This is a 1 minute crude oil trading system

Place lwma 36,75 and 120 on charts

Place indicator rsi 14

Waddah attar explosion for metatrader or something similiar

Charts 1 m

Place minimum stop loss of 35 and a profit target of ATR

Move to breakeven after 35 points and use tsl 50

When 36 wma is above 75 wma and both of them are above 120 wma , rsi is above 50 and waddah attar explosion indicator shows 1/2 spikes of same colour , enter the trade.Look for trend confirmation before entry ie two succesive peaks for long

Look to see support levels and check heating oil futures.Entry on the first pullback

Exit on first sign of a weakening trend/end of day/end of day's trend/resistance

Anybody trading this system please let me know how it is going and please post results

OILFXPRO

Here are some of today's trades

Hi

A losing trade of 24 points

As a trader I expect losing trades ....

OILFXPRO

Hi Folks

This is a 15 m version using same set up

Today 55 points

OILFXPRO

Still going strong

Hi OILFXPRO,

Been following your thread with interest.
Do you know a good alternative to the Waddah attar explosion?
Also do you think this upward rally will continue?
I expect it to come back down soon to the 85 mark

the rally was based on pure speculation and will descent soon(infact its already begun)

These are technical trades and I do not trade fundamentals .I do not know where oil prices will be today,tommorow or next year or next week.There are winter seasonal patterns .It should come back to $70 ,probably after the shorts have been eaten alive.

The Waddah Attar is a volatility expansion indicator based on MACD.Try a fast MACD or anather volatility expansion indicator

Volatility Expansion: How to Day Trade It by Fari Hamzei

OILFXPRO