88# FX5 Divergence Trading System

Submit by James 19/03/2013

Time Frame H1

Currency pairs:any

Indicators:

9SMA;

100SMA;

FX5 Divergence;

Pivot Indicator optional.

The system uses two main indicators to identify major trend’s direction.

First indicator: Simple Moving Average ( 9 SMA and 100 SMA )

How to read this indicator and identify the trend?

9 SMA ( Blue Line ) Above 100 SMA ( Red Line ) = Up Trend

100 SMA ( Red Line ) Above 9 SMA ( Blue Line ) = Down Trend

Second indicator used with this system is FX5 Divergence (OSMA setting Period : 12, 26, 9, ) 

FX5 Divergence :

Red Bar Below 0 line, After Down Arrow = SELL Signal

Blue Bar Above 0 line, After Up Arrow = BUY Signal

In the pictures below FX5 Divergence Trading System in action.

Short Entry

Down Trend Signal 9SMA<100SMA;

FX5 Divergence sell signal.

Long Entry

UP Trend Signal 9SMA>100SMA;

FX5 Divergence Buy signal.

Exit Position

1. Pivot levels (optinal exit)

2. Profit Target 18-25 pips

3. Stop loss on the previous swing

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