739# FX King System

Submit by Marc 01/04/2017

FX King System is a trend-momentum system based on moving averages TDI, MACD and RSI. I've developed this system for trading with bars, candle chart and renko chart. The difference is that with renko the trend chart can be followed even without reference to the slow average of 200 periods.

Time frame 15 min or higher.

Renko chart box size 5 pips or higher. (Remember check allow Dll Import)

Metatrader Indicators

Reversal Fractls

Exponential Moving Average 4 period

Exponential Moving Average 5 period

Exponential Moving Average 200 period

Exponential Moving Average 60 period

MACD Candle (2,5, 20);

Auto pivot levels,

Probability Meter: MACD 5,13, 1 – Stochastic 20, 2, 2,

RSI Filter 2 period (with renko chart) 4 period with (candle e bar chart),

TDI (RSI 13, Volatility band 34);

MACD bars 3, 4, 10.

MACD bars 2, 5, 10

FX King System trading rules

Trade only in the direction of the primary trend.

Buy

Price above MA 60 and 200 with renko chart price above 60.

MA 4>MA5>MA60>MA200.

TDI red line above green and yellow line.

RSI blue bar.

MACD Candle blue bar.

MACD red bar.

Probability meter > 55 <90 optional.

Sell

Price below MA 60 and 200 with renko chart price above 60.

MA 4<MA5<MA60<MA200.

RSI red bar.

TDI red line below green and yellow line

MACD Candle red bar.

MACD red bar.

Probability meter < 55 >10 optional.

This is a winner system.

Exit position when MA 4 crosses in opposite direction MA 5 or at the level of pivot points level.

In the pictures FX King System in action.