485# Starlight Forex System
Bollinger Bands Stop , Starlight, RSI Histo, William's percent range filtered by Stochastic.
Submit by Mike Trader 20/08/2013
This Trading System is a trend-momentum forex strategy because it is composed of trend indicators and momentum indicators.
Time Frame 30 min or higher.
Currency pair any.
Bollinger Bands Stop indicator (15, 2);
RSI histo Indicator (14 period) + 2 levels (+12, -12);
William's percent range (14 Period);
Starlight indicator (rperiods 21, p.smooth 0.30, ismooth 0.30);
Hama pad V.2 (3 ,21,3) optional;
Stochastic indicator (14,3,3,);
Trading Rules: Starlight Forex System
Buy
Bollinger Bands Stop indicator blue dots;
RSI Histo indicator (14) >+12;
William's percet range > -50;
Starlight indicator >0
Stochastic indicator <0,85 this is the most important condition.
Sell
Bollinger Bands Stop indicator red dots;
RSI Histo indicator (14) <-12;
William's percet range < -50;
Starlight indicator <0
Stochastic indicator >0,15 this is the most important condition.
Exit position is discretionary.
Initial Stop loss on the previous swing.
Starlight Forex System: Indicators and Template
In the pictures belowStarlight Forex System in action.
Share your opinion, can help everyone to understand the forex strategy.
Trading System
