132# RSIOMA Filter Trading System
Submit by ForexStrategiesResources
Time Frame H1 or higher, best Time Frame H1 or H4
Pairs: all.
Indicators:
LSMA100
Parabolic Sar (0.01; 0.02).
Forex Trend
RSIOMA Filter
Long Entry:
Signal Arrow, confirmed by Sar dot below, LSMA 100 blue, RSIOMA Cross UP.
No To Entry Long if RSIOMA is > 85.
Short Entry
Signal Arrow, confirmed by Sar dot above, LSMA 100 red, RSIOMA Cross down.
No To Entry Short if RSIOMA is < 15.
Exit Position
When Parabolic Sar dot change position.
After 120 pips in profit to add trailing Stop ( 30 pips).
Place Stop Loss on previous Swing.
Or exit position H1 time Frame with Profit Target 150 pips EUR/USD, AUD/USD 120 and GBP/USD 180, EUR/JPY 180 pips, GBP/JPY 200 pips.
In the pictures RSIOMA Filter forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
Sparko (Thursday, 17 September 2015 18:02)
I like RSIOMA - Fantastic Indicator.
Like this indicator however the majority of the time it doesnt show an alert for the essential breaks - Alerts the chop nicely but rarely does it alert the beginning of the trend ....
Has there been any developments on this - Nice work though - Excellent resource.