14# RSI and 2 EMA Trading System

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Pair: ANY
Time frame: 1H, 4H, daily
Indicators:

RSI 14

50 EMA

120 EMA

The primary trend determination. The trend is defined by the 50 EMA and EMA 120.

Up Trend 50 EMA >EMA120; down trend EMA 50<120.

Trade only signals from the RSI in the direction of the overall trend, so we are only interested in oversold signals (between 0 and 30) and in overbought (100 and 70).

The gold and red arrows  the  indicate where there was a good opportunity for traders to step into the market and to take advantage of the strong upward movements in the euro/dollar pair.

 

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Comments: 2
  • #1

    SamRoy (Friday, 14 November 2014 10:14)

    Very nice. Genuine Systems. Thanks

  • #2

    excellent (Tuesday, 02 February 2016 16:52)

    Thanks mate!

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