212# LWMA and RSI Forex Trading System
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Calculated take profit level according to fib numbers, resistance or support levels or eye-balled resistance or support levels.
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Stop loss on the previous swing.
Option:
Exit position Setting for 4H Time Frame
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Wait for the reverse cross of the 3 LWMA and the 12 LWMA, might come back a little but often goes for days in one direction for a good profit and surer sign of entry and exit.
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A set take profit, preferably 30-50 pips for 4H TF. (AUD/USD, USD/CHF=30 pips), (EUR/USD USD/CAD= 40 pips), (GBP/USD, EUR/JPY, GBP/JPY=50 pips)
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Stop loss on the previous swing and move stop at the Entry point after 25 pips in gain.
In the pictures LWMA and RSI Forex Trading System in action.
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