There is an incredible and awesome system confirmed by its followers at Forex TSD created by Dark Onyx. Through it’s simple system, it made this system easy to follow. Sharing you this with its few modifications. It uses a news indicator called“! IN10TION NewsReader v09.99e lite” which is bit annoying for its news alerter for it’s somewhat overkills and CPU intensive. The news indicator made use of Fibo’s. Just remove it and use a better or any Fibo indicator equivalent. You may replace it with a better indicator called Pivots.mq4 from MLaden over at Forex-TSD. This will allow you to plot Fibos, normal privots and its MTF.
We replace his NonLagMa_7.1 with the other much version from MLaden, still as a modification. This indicator was found to receive earlier signals with a range of 2-3 bars ahead than its original indicator. This system can be optimized in a 15 min time frame for EURUSD pair.
This is relatively a simple system which helps and a relief to most of the traders though it’s simple and easy to follow. A pretty good system and when done some backtesting, it showed that it’s best if done manually. Normally, an EA would suffer a lot whipsaws because the entries are usually after a strong up move and the next would be drawdowns or would have stopped prematurely.