346# Fx Contrarian Trading System
Submit by Joy22 01/06/2012
Time Frame H1
Currency pairs:any
Indicators:
envelope 233
moving average 233
lukas1 arrow
Stochastic (5,3,3)
Short Entry
Wait that the price close above the Red band, Sell the opening of the next bar when you see the red arrow Lukas, confirmed by Stoch that cross down
Long Entry
Wait that the price close above the Green band, Buy the opening of the next bar when you see the Green arrow Lukas, confirmed by Stoch that cross down.
Exit position:
-
at the opposite arrow;
-
when stoch reaches the overbought or oversold;
-
when the prices reaches the first line white;
-
predetermined profit target 15-30 pips.
Place stop loss at the previous swing.
In the pictures Fx Contrarian forex system in action.
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