Awesome Manual Trading Strategy "C3PO"

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Over the past 18 months we (lotsofpips.com trading club) have developed and tested a manual trading strategy that has been working really well. I want to share it here so we can get some more minds testing it and tweaking it.

It uses Elliott Wave and Fibonacci heavily

It will always have a positive risk reward ratio, (wins larger than losses) if you follow the rules.

We have found it to be about 85% accurate so fat in the past 18 or so months.

It is called the C3PO trade because we are trying to catch either wave "C" or wave "3" from its starting position. (the PO stands for Profit Opportunity) plus it is a memorable name.

The trade is formed by what we call the "key move". The key move is when the market is trending in one direction or another and all of a sudden without much hesitation it changes direction and makes a progressive wave in the opposite direction. That progressive wave is the key move.

For example, if the market is trending up, making higher highs and higher lows, and in one move it drops and makes a lower low changing the trend direction in one move. (We have found that the 1hr and 4hr charts are best) What we can expect with some bit of certainty is that there will be some kind of retracement and then another motive wave down. In Elliott Wave theory, there are not any moves that have only one motive wave, there are usually at least 2 motive waves in any direction.

To trade it: What we do is watch for the key move, after it starts retracing we place a fibonacci on the key move and place a pending order at the 62% retracement level or higher to go short. (assuming our key move was a downward move), then we place a stop loss at 10% above the key move, (I have a custom fibo level at 1.1 for easy placement) and a take profit somewhere between the bottom of the key move or the gap (-.23 fibo level) and I usually place a trailing stop loss for the number of pips from your entry to the zero level.

This will alwayse give you a positive risk reward ratio and it is pretty accurate.

Check out the free Video and PDF on this strategy on my site Learn Forex | Trading Club | Coaching | Training Courses | Strategies.

I am looking at a key move on the eur/usd 1hr chart right now, waiting for it to climb back up to 62% before I go short.

Good Luck

Jared Passey

P.S. also please come visit our live online trading mastermind club every Tue evening at 6pm Pacific.

 

Thanks for the tip. Nice site, too.

Can you show some charts? Thanks.

 

it is July 9th and the GBP has just made the key move for this strategy with its climb up off 1.5892, to follow this strategy we would place a pending order at 62% fib level or lower on this move. Watch the video from the first post for details, let me know how you do.

 

hello all its great to be part of the comunity

 

Funny that you gave a manual trading system a robot's name so it sounds like an EA.

 
lotsofpips:
it is July 9th and the GBP has just made the key move for this strategy with its climb up off 1.5892, to follow this strategy we would place a pending order at 62% fib level or lower on this move. Watch the video from the first post for details, let me know how you do.

Hello.It is good to be a part of this community.I read promising remarks about the C3PO trading strategy but I am finding it difficult getting it from the website,/go?link=http://www.lotsofprofits.com.pls/ help out.

 

Hey everyone, I am hosting an absolutely free webinar on the powerful C3PO Trading Strategy. It is Thursday morning at 11am EST.

If you are looking for a reliable manual trading system, you have to take a look at this.

Register for the webinar here:

https://www.mql5.com/go?link=https://student.gototraining.com/29083/register/9055798072870015977

Jared

 
lotsofpips:
Hey everyone, I am hosting an absolutely free webinar on the powerful C3PO Trading Strategy. It is Thursday morning at 11am EST.If you are looking for a reliable manual trading system, you have to take a look at this.Register for the webinar here:https://www.mql5.com/go?link=https://student.gototraining.com/29083/register/9055798072870015977Jared

Have you developped the system or are you using the system, and want to explain it a bit more?

 

Yes I developed the system myself over the past couple years. I will be spending 45 minutes tomorrow morning explaining it. As soon as you register for the webinar you will get an email with a .pdf and video link that really covers the strategy well. If you cannot make the webinar it will be recorded and everyone that has registered will get a link to the recording.

Also once you have played with it, I will be glad to answer questions on here and clarify things, It is working really well in our mastermind trading club.

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