Open up a new Chart:
1. EUR/USD or GBP/USD
2. Set a 5 E-MA (Colour White)
3. Set a 10 E-MA (Colour Red)
4. Set a 20 E-MA (Colour Green)
5. Set a 50 E-MA (Colour Blue)
6. Set a MACD with: 5,10,10
7. Set an RSI with: 10
8. Set a slow Stochastics with: 10.3.3
That’s it.
Trade on preferable H1 / H4 and D1
Lets see it in the works.
Profit Range: 20 to +300 Pips per trade
Entry Criteria:
When the white 5 EMA crosses the Red 10 EMA AND: the following requiremets are met:
RSI has broken over or below 50 (long / short)
MACD should be over or below 0 (long / short)
Stochastics are not in an oversold or overbought zone or they have just broken out of an oversold or overbought zone
Exit Criteria:
When the price crosses the 5 and 10 EMA and RSI is breaking 50
an optimal exit point based on the crossover on par with the indicators.
History Examples:
Hourly Method
Subscribe to:
Posts (Atom)