Trading Magnum System

Platform: Trading Systems

Users rating:

Last update: November 3, 2024

The Trading Magnum System is a forex strategy based on Heiken Ashi candles plus three filters. This is conisdered a trend-following system capable of generating 300 pips a week. When used properly and during favourable conditions it allows achieving solid and profitable results.

It consists of the following indicators

Heiken Ashi v.3 – type of candlesticks
Trend Filter – detects range market
Trend Direction – provides overall trend direction
Joker Filter – provides momentum

trading magnum system example chart

How to trade with the Trading Magnum System?

Open BUY order when the following conditions are met:

All the filters are green.
Heiken Ashi candle is blue.
Open the long position at the opening of next bar.

Open SELL order when the following conditions are met:

All the filters are red.
Heiken Ashi candle is red.
Open the short position at the opening of next bar.

Exit / take profit suggestions:

Set the initial stop loss a few pips away from the entry bar (preferably calculate the risk and reward ratio to be more than 1:1).
Take profit when Joker filter changes direction or has empty readings.