404# Viper Trading System
Submit by Janus Trader 06/10/2012
Time Frame: tf 30 min or higher;
Currency pairs:any.
Moving Average LWMA (20, open, ( setup 30 min and 60 min TF levels 65,-65 89,-89, ,setup 4h= ma 15 open, levels 150, -150, 360, -360 ; );
Moving Average LWMA (60, open);
CCI Woodies LNX (65, 3, 25,60, 0);
PJ over RSI (28, 70, 30).
Viper Trend Trading
Long Entry
setup:
-
the price close above upper band of the channel;
-
CCI LNX,PJ-Over RSI and Trend Indicators are green;
Buy When the price retrace into the channel.
Short Entry
setup:
-
the price close below lover band of the channel;
Sell When the price retrace into the channel.
Stop loss at the previous swing
Profit Target predetermined, depends by time frame and currency, or ratio 1:1,5 stop loss (example if stop loss is 30 pips pt=45 pips)
In the pictures Viper forex system in action.
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