266# Viper Forex Trading System
I-Regression Trading Method
Submit by Joy22 19/12/2011
Time Frame H1 or higher.
Currency pairs: any
Indicators:
Awesome,
Accelerator,
I-reg,
StopSar
Stochastic (55,10,5),
Stochastic (22, 10,5).
Long Entry:
Taking signals ONLY in the direction of the medium and slow stochastic and ONLY if the price before is go outside lower band the iRegr Channel AND in the direction of the iRegr Channel.
Short Entry:
Taking signals ONLY in the direction of the medium and slow stochastic and ONLY if the price before is go is outside Higher band the iRegr Channel AND in the direction of the iRegr Channel.
Place stop loss on the previous swing, or 10-15 pips below lower band or above upper band.
Profit Target ratio 1:2 or on the middle band.
In the pictures Viper forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
