311# The River modified Trading System
Submit by Joy22 29/02/2012
Time Frame 5 or higher.
Currency pairs: all.
Indicators:
Moving Average 21
Moving Average 62
Moving Average 85
Envelope 62 (0.05)
Damiani Volameter (3.2) [with Sed atr 30 and Threshold 1.3
Long Entry
In Trade Zone:Moving Average 21 cross up from bottom Moving Average 62, 85 and Envelope.
Short Entry
In Trade Zone: Moving Average 21 cross up from bottom Moving Average 62, 85 and Envelope.
Not buy or sell when Damiani is red.
RE-Entry: When the price retrace in envelope zone.
Exit position.
Stop Loss 5 pips below or above Envelope.
Profit Target Ratio 1:3
Exit also on the pivot level.
In the pictures the River modified forex system in action.
the river modified: Forex Trading System
Share your opinion, can help everyone to understand the forex strategy.
Damiani noise indicator
