51# 10 Pips A Day Trading System
Submit by joy22
Timeframe: 1-hour.
Currency Pairs: all.
In this system, we use 3 indicators:
1. 5-period Exponential Moving Average (EMA 5) applied to the Close.
2. 12-period Exponential Moving Average (EMA 12) applied to the
Close.
3. 21-period RSI (RSI 21)
Entry Rules for Long Trades:
It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the
upside… AND our RSI 21 > 50.
Entry Rules for Short Trades:
Enter short when EMA 5 crosses EMA 12 to the downside.
AND RSI 21 < 50.
Stop loss = 20 – 30 pips… depending on the volatility of the currency pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less volatile pair, like EUR/USD, use stop loss of 20 pips.
Timeframe: 1-hour
Exit Rules for Long Trades:
Exit the trade when EMA 5 crosses back below EMA 12
Or when RSI 21 < 50.
Or when price stalls at major resistance, trendline, pivot points,
Fibonacci projection target.
Or when bearish engulfing patterns or inverted hammer patterns form.
Exit Rules for Short Trades:
Exit our short trade when EMA 5 crosses above EMA 12
OR RSI 21 > 50
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Jurabek Nazarov (Monday, 21 September 2020 17:27)
Best strategy. Thank you.��
Zeynal (Friday, 28 July 2017 14:12)
Very good thank you please share another trading systems zeynal777@hotmail.com sent me please