418# Spikes Trend with Williams' Percent Range

Submit by JamesUK 07/01/2013

This Trading systen is ispired by Spikes Trend Finder write by Spike on http://www.forexfactory.com/showthread.php?t=173930

 The difference is the addition of another indicator of momentum Williams'Percent Range slows down to define the input area on the market and period moving averages.

Indicators

12 moving average smoothed open,

14 moving average smoothed closed
Two set of RSI
First set
2 RSI's 
An 90 period open, 
And a 80period closed
No set min or max
Second set
2 RSI's 
An 90 period closed, 
And a 60 period open
No set min or max
Williams' Percet Range (28)

The moving average are used to verify the direction of the trend.

Williams' Percet Range (28) define the momentum for entry.

Buy only when William's percet range is :

above or inside 80;

Sell only when William's percet range is :

Below or inside 80;

Buy

1.  

   1)14 MA>18MA;

   2)In first se RSI 80>RSI 90;

   2)In second se RSI 80>RSI 90;3

   3)William's percet range is above or inside 80.

For Sell opposite condition

Exit Position:

Stoploss for BUY Signals, 10-15 pips BELOW entry Bar

Stoploss for SELL Signal, 10-15 pips ABOVE entry Bar.

Profit Target use support/resistance area

levels or predetermine profit target that depends by time frame and currency pairs.

In the pictures Spikes Trend with Williams' PercentRange forex system in action.

Share your opinion, can help everyone to understand the forex strategy.

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