158# RICKYD’S STRATEGY
Submit by Janus Trader
SYSTEM AND RULES
Below are the requisites and rules according to Ricky’s system. The formatting was
slightly changes from the original posting, but no modifications have been made to the
content. Please also see the Forum Excerpts chapter for clarifications.
Trading
EURUSD, GBPUSD, USDJPY, USDCHF on the 15M and 30M timeframe. Trading time
2:00AM till about 10:00AM "ish" EDT (-4 GMT …EST and daylight savings time).
Requisites
Basic Indicators:
· 5MA (Linear Weighted/Close)
· 20MA (LinearWeighted/Close)
· CCI (5) Line at +100, 0, and -100
· Forecast Oscillator: Regress (15) t3(3) and b(0.7) Line at 0
· Relative Vigor Index (1) Line at 0
· ADX (14) Line at 20
· Volume
Directional Indicators:
· 100MA (Linear Weighted/Close)
· 200MA (Linear Weighted/Close)
Show Stoppers:
· 100MA (Linear Weighted/Close)
· 200MA (Linear Weighted/Close)
· Pivot Lines and Mid-Pivots (mid point between pivots)
· BT2Stop (or Stops from original BrainTrend)
Trade Entry
The cross of the 5MA with the 20 MA favors the direction of the trade,: 5MA on top favors Long trade, 5MA on bottom favors Short trade. And don’t trade too close to the 100MA, because it acts as a resistance line.
Long:
· The CCI needs to be greater than (0).
· Forecast Oscillator needs to have both lines above the 0 line with the blue line on top.
· The RVI needs to have both lines above the 0 line and the style (Blue) line on top.
· The ADX Main and DI+ need to be at least 20 and rising.
· No BT2Stop in the way of the entry bar.
· Must be 15 pips away from a support or resistance line (Pivot or Mid-Pivot).
· The 100MA(LW/Close) no closer than 20 pips in the direction of the entry.
Short:
· The CCI needs to be less than (0).
· Forecast Oscillator needs to have both lines below the 0 line with the red line on top.
· The RVI needs to have both lines below the 0 line and the red line on top.
· The ADX Main and the DI- need to be at least 20 and rising.
· No BT2Stop in the way of the entry bar.
· Must be 15 pips or more away from support or resistance line.
· The 100MA(LW/Close) no closer than 20 pips in the direction of the entry.
Trade Exit
The RVI lines cross with the wrong color on top and a slight separation in them (0.2) (or) the
RVI Style line crosses the 0 line against the trade. (up while in a short / down while in a long)
which ever happens first.
