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Biffco's Swing Trading Setup

Biffco

Biffco

Master of Mayhem
Hi all,

Sorry this took so long, but ya gotta live life right? My setup is super simple, but it requires mountains of patience. Nobody will believe me, but I'll say it: "I have a 97% win rate on this system". There, I said it, haha... Here is the setup.

Btw, I wasn't sure where to post this. This setup uses both the Forex Trend Matrix (formerly Forex Speed Meter - 4X Edge/4xlounge) and the Currency Matrix (formerly Forex Barometer Dashboard - 4X Edge/4xlounge). I do believe the updated versions work better. So far I have a 100% win rate with the TradeVision versions. For what it's worth...

1. I only trade USD pairs. It might work with other pairs, but I cannot verify.
2. Currency Matrix Dashboard - I wait for a currency on the Swing Trader to max out (reach +/- 100)
3. Forex Trend Speed Matrix (not Forex Trend Strength Matrix) - Then I check the 1-hour values on the related pairs (i.e., if the CHF is maxed out, I look at the USDCHF, if the USD is maxed out, there are several pairs to check). When the Forex Trend Matrix 1-hour value reaches +/- 100, I trade in the opposite direction. NOTE: I posted this idea before they added the new app. The Forex Trend Matrix Dashboard (at the top of the menu) is not the 1 hour that I use for this system).
4. Stop and Limit - I set my Stop @ 1x the 4-hour ATR. I set my limit @ 1.7x the 4-hour ATR and move my stop to BE after 10-15 pips (about 1x the 1-hour ATR). NOTE: unless there is news, these trades are set-n-forget.
5. News - I usually kill my trades before major news like NFP, Central Banks, etc...

I find 4 to 20 trades per week. It varies greatly, but this system has made me more money than any other system.

WARNING - Do NOT enter early. If the setup occurs shortly after a news event like NFP, give it an extra little "push" before entering or just don't trade. After you watch a few of these, you'll completely understand.
 
Last edited by a moderator:
Biffco

Biffco

Master of Mayhem
tuckman said:
Thanks for the system. I have a question. When you wait for the currency matrix dashboard to reach + or - 100 for a certain currency are you looking at the day trader, swing trader or one particular section of the currency matrix dashboard. Thanks again.
Click to expand...
Ahh, good question. Should have been more clear. Swing Trader usually, but the 4 hour is also excellent confirmation.
 
W

wolfepack

Member
Biffco said:
Hi all,

Sorry this took so long, but ya gotta live life right? My setup is super simple, but it requires mountains of patience. Nobody will believe me, but I'll say it: "I have a 97% win rate on this system". There, I said it, haha... Here is the setup.

Btw, I wasn't sure where to post this. This setup uses both the Forex Trend Matrix (formerly Forex Speed Meter - 4X Edge/4xlounge) and the Currency Matrix (formerly Forex Barometer Dashboard - 4X Edge/4xlounge). I do believe the updated versions work better. So far I have a 100% win rate with the TradeVision versions. For what it's worth...

1. I only trade USD pairs. It might work with other pairs, but I cannot verify.
2. Currency Matrix Dashboard - I wait for a currency to max out (reach +/- 100)
3. Forex Trend Matrix - Then I check the 1-hour values on the related pairs (i.e., if the CHF is maxed out, I look at the USDCHF, if the USD is maxed out, there are several pairs to check). When the Forex Trend Matrix 1-hour value reaches +/- 100, I trade in the opposite direction.
4. Stop and Limit - I set my Stop @ 1x the 4-hour ATR. I set my limit @ 1.7x the 4-hour ATR and move my stop to BE after 10-15 pips (about 1x the 1-hour ATR).
5. News - I usually kill my trades before major news like NFP, Central Banks, etc...

I find 4 to 20 trades per week. It varies greatly, but this system has made me more money than any other system.

WARNING - Do NOT enter early. If the setup occurs shortly after a news event like NFP, give it an extra little "push" before entering or just don't trade. After you watch a few of these, you'll completely understand.
Click to expand...
Thanks for posting Biffco!
 
chip15

chip15

Member
Hi Biffco
Thanks a lot to share your setup.
I would like to know how long these trades more or less run.
The 1hour value of the Forex Trend Matrix returns to 0 at the time you close the trade or what are typical values of the Currency Matrix Dashboard and the Forex Trend Matrix when you close the trade?

I share my actual open trades (14.04.2021 / 21:40 h GMT +2 hours (Switzerland)
AUD/USD short (Swing trade; Biffco)
GBP/AUD long (Swing trade; Biffco)
AUD/JPY long (PBT trade; Mouse trend Scalp system)

The first 4 images are actual screenshots (21:40h GMT +2) and the last one is a screenshot of my entry.
 

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Last edited:
Biffco

Biffco

Master of Mayhem
Ugg, I just realized my orginal post didn't clarify very well. ADMIN can you please edit these for me?

2. Currency Matrix Dashboard - I wait for a currency on the Swing Trader to max out (reach +/- 100)
3. Forex Trend Speed Matrix (not Forex Trend Strength Matrix) - Then I check the 1-hour values on the related pairs (i.e., if the CHF is maxed out, I look at the USDCHF, if the USD is maxed out, there are several pairs to check). When the Forex Trend Matrix 1-hour value reaches +/- 100, I trade in the opposite direction. NOTE: I posted this idea before they added the new app. The Forex Trend Matrix Dashboard (at the top of the menu) is not the 1 hour that I use for this system).
 
Biffco

Biffco

Master of Mayhem
chip15 said:
Hi Biffco
Thanks a lot to share your setup.
I would like to know how long these trades more or less run.
The 1hour value of the Forex Trend Matrix returns to 0 at the time you close the trade or what are typical values of the Currency Matrix Dashboard and the Forex Trend Matrix when you close the trade?

I share my actual open trades (14.04.2021 / 21:40 h GMT +2 hours (Switzerland)
AUD/USD short (Swing trade; Biffco)
GBP/AUD long (Swing trade; Biffco)
AUD/JPY long (PBT trade; Mouse trend Scalp system)

The first 4 images are actual screenshots (21:40h GMT +2) and the last one is a screenshot of my entry.
Click to expand...
I think the new apps caused some confusion. Please read above for clarification. Also, I only trade USD pairs. I dabbled in cross pairs but didn't find the same consistency.

About taking profits - these trades are set-n-forget unless there is major news. These trades usually run for hours, sometimes one or two days. In rare cases longer. Just set you Stop and LImit, check the news, and focus on something else. If you try to babysit these trades you will lose your mind. It is very common for these trades to go in and out of profits several times.
 
dan.campbell

dan.campbell

Administrator
Staff member
Biffco said:
Ugg, I just realized my orginal post didn't clarify very well. ADMIN can you please edit these for me?

2. Currency Matrix Dashboard - I wait for a currency on the Swing Trader to max out (reach +/- 100)
3. Forex Trend Speed Matrix (not Forex Trend Strength Matrix) - Then I check the 1-hour values on the related pairs (i.e., if the CHF is maxed out, I look at the USDCHF, if the USD is maxed out, there are several pairs to check). When the Forex Trend Matrix 1-hour value reaches +/- 100, I trade in the opposite direction. NOTE: I posted this idea before they added the new app. The Forex Trend Matrix Dashboard (at the top of the menu) is not the 1 hour that I use for this system).
Click to expand...
I made the requested edits. Let me know if that is what you wanted. Thanks again for the post. Great system.
 
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