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13# RSI and WMA (Weigth Moving Average) Trading System

Submit by Forexstrategiesresources

Pair: ANY
Time frame: daily
Indicators:

Long Entry Position:

when the price crosses over 5 WMA and makes + 10 pips up, the RSI must be over 50.

Shor Entry Position:

when the price crosses below the 5 WMA and makes +10 pips down, the RSI must be less than 50.

Take Profit: Daily time frame70pips EUR/USD , 90 pips GBP/USD, USD/CHF 50 pips (recommended).

Stop Loss: 10 pis below the bar of entry

Share your opinion, can help everyone to understand the forex strategy

Comments: 0

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