100 pips domination system is a forex trading strategy. Although it is designed specially to trade in the forex market it can also be applied to the other types of market since the system is developed based on the technical aspects of the market rather than the fundamentals behind it. No doubt it is a trend following strategy with very simple algorithms. To trade consistently and profitably with the 100 pips domination system is very easy and anyone can master the system with little self discipline. As the name of the system suggests the system is determined to grab at least 100 pips from the market. For that purpose trading with timeframes below 1 hour is not recommended. It doesn’t mean that one cannot profit 100 pips with the smaller time frame than 1 hour but it becomes quite difficult since one should ride the long trend in smaller time frames to get the 100 pips. It is your choice how much pips to take in a trade but when using 100 pips domination system it is recommended that you keep your target of 100 pips.
To tell in terms of numbers this forex trading strategy uses five technical indicators which we will discuss below. So, when the 100 pips domination system is correctly installed on your trading platform your chart should look like this:
- Oracle Move: Oracle Move is a custom built moving Average. Oracle move consists of two moving averages. One blue colored and another red colored. Blue color moving average moves faster than the red color moving average. The Oracle Move indicator is the main signal generator for the 100 pips domination system.
- Oracle Strength: Oracle Strength is a custom built technical tool which works as a filter in this trading strategy. It shows blue bars when the trend is up, red bars when the trend is down and yellow when the trend is flat.
- Oracle Direction: It is a technical indicator that appears at the bottom of the chart which basically consists of groups of blue and red arrows. This tool also is used as a filter tool in this indicator.
- ATR: ATR is a average true range indicator. This indicator can be used to know the direction of the trend.
Buying Conditions using 100 Pips Domination System.
- Blue moving average of Oracle Move indicator should cross above the red moving average.
- The bars in oracle strength should be blue in color.
- There should be blue arrows pointing upwards in the oracle decision indicator.
- ATR indicator should be trending upwards.
- Place your stop just below the recent swing low.
- Take profit as soon as your profit reaches 100 pips.
Selling Conditions using 100 pips Domination System.
- Blue moving average of Oracle Move indicator should be below the red moving average.
- The bars in oracle strength should be red in color.
- There should be red arrows pointing downwards in the oracle decision indicator.
- ATR indicator should be trending downwards.
- Place your stop just above the recent swing high.
- Take profit as soon as your profit reaches 100 pips.
Open demo account to test this system.
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great indicator system.such a great system given for free is the work of a noble mind.thanks a lot .