94# William's Percente Range Forex Trading System
Williams'Percente Range Momentum Forex System
Submit by TraderVegas 09/05/2013
Forex Indicators:
50 Exopnential Moving Average High;
50 Exopnential Moving Average Low;
Stochastic (5, 3,3,) with Level 60 and 40;
Williams'Percente Range (50 period).
(Pivot points for intraday trading).
Long Entry
Price must cross labove the 50 EMA High
TheWilliams'Percente Range crosses above the -20 level.
The Stochastic Oscillator is above its Signal line and level 60;
When all the conditions are agree, you place a Buy order..
Set the Stop Loss a few pips below the most recent swing low point.
Set the Take Profit level twice the amount of the stop loss, or close the trade when
the price closes below the 50 EMA High.
Short Entry
Price must cross below the 50 EMA Low.
The Williams'Percente Range crosses above the -80 level.
The Stochastic Oscillator is below its Signal line and level 40.
When all the conditions are agree, you place a Sell order.
Set the Stop Loss a few pips below the most recent swing low point.
Set the Take Profit level twice the amount of the stop loss, or close the trade when
the price closes above the 50 EMA Low.
For intraday trading Time Frame 15min-30min-60min setting profit target 8-18 pips or on the pivot points levels see example below.
In the pictures below William's Percente Range Forex Trading System in action.
Trading System Wialliam' percent range
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