Page Nav

HIDE

Grid

GRID_STYLE

Classic Header

{fbt_classic_header}

Header Ad

Breaking News

latest

Rapid Dollar System

Rapid Dollar system pure trend following is a forex strategy created by Toshko Raychev. The trading system is composed by two indicators: R...

Rapid Dollar system pure trend following is a forex strategy created by Toshko Raychev. The trading system is composed by two indicators: Rapid Dollar System consists of two custom indicators: RD Bands and RD lines. 
Rapid Dollar System
RD Band
RD Band is a custom indicator that is based on the trend direction. By just one look at it you can see whether to look for long (buy) or short (sell) trades. Blue color represents uptrend and possible long trades, while orange represents downtrend and possible short trades. It also consists of a middle white line, that will help us define the entry signals.
RD Lines
The RD Lines is another custom indicator built for this system and it's based on moving average calculations. It consists of two lines:
Upper green line  Lower red line The upper line will help us in determining long entries, while the lower line will help us in determining the short entries. If you decide to use the Stop Loss trailing method for exiting the trades, we will trail the Stop Loss using those two lines.
Buy
Rapid Dollar System
On the image above I’ve drawn a white vertical line through the signal
candle. This represents the moment that all the conditions for long (buy) entry were met as per the rules below:
1. The price must close above the white line of the RD Band indicator
2. Next (signal) candle must close above the green RD Line
3. If both conditions were met, place the entry order at at the close of
the signal candle
4. Place the Stop Loss at the red RD Line of the signal candle
5. There are two choices for exiting the trade:
a. Place Take Profit at 1:1 ratio; or
b. Trail the Stop Loss on the red RD Line
Sell
Rapid Dollar System
 On the image above I’ve drawn a white vertical line through the signal
candle. This represents the moment that all the conditions for short (sell) entry were met as is set out as per the rules below:
1. The price must close below the white line of the RD Band indicator
2. Next (signal) candle must close below the red RD Line
3. If both conditions were met, place the entry order at at the close of
the signal candle
4. Place the Stop Loss at the green RD Line of the signal candle
5. There are two choices for exiting the trade:
a. Place Take Profit at 1:1 ratio; or
b. Trail the Stop Loss on the green RD Line
Buy example
Rapid Dollar system
This is a trade I took on the USDCHF pair, H1 timeframe using 1:1 risk to
reward ratio for setting my target.
First, the price broke and closed above the white line of the RD Band
indicator (1). After that, the next candle closed above the green RD Line(2),
which created a valid entry signal for the trade. Trade was eneter at the
close of that candle (3). Stop Loss was placed on the red RD Line, directly
below the signal (entry) candle (4). Take profit was set using 1:1 risk to
reward ratio (5) and it was reached 3 candles after the entry.
Sell Example
Rapid Dollar System
his is the trade I took on the EURUSD pair, H4 timeframe and I used a hard Take Profit Target set at 1:1 risk to reward ratio.
First, the price crossed below the white line od RD Band indicator and closed below it (1). The next candle closed below the red RD Line (2), which created an entry signal that was taken on the close of that candle (3). Stop Loss was placed on the green RD Line, directly above the signal (entry) candle (4). Take Profit was placed at the same distance from the entry as the Stop Loss, using 1:1 risk to reward ratio (5) and it was reached 5 candles after the trade was taken. 


No comments