40# MACD, RSI, 50 Ema and Pivot Points Trading System

Markets Traded – Forex, Major Pairs (GBP/JPY, EUR/USD, GBP/USD, USD/JPY,

USD/CAD, AUD/USD, USD/CHF)

Charts – 30 minutes

Charting Software – Any

Indicators - Pivot Points, Exponential Moving Average 50, MACD (8,17,9), RSI 14

Pivot Point

Long Entry

1. The price should be above the 50 EMA

2. MACD histogram should be above zero level

3. RSI should be above 50 line

4. Entry is above support line or a broken resistance line

5. Stop loss is below the closest/next support line

6. Target is at nearest resistance line


Short Entry

1. The price should be below the 50 EMA

2. MACD histogram should be below the zero line

3. RSI should be below 50 line

4. Entry is below resistance or a broken support line

5. Stop loss is above the closest/next resistance line

6. Target is the nearest support line

Forex Indicator
Pivot Points.rar
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