190# Forex day trading system

Pullback Forex Strategy

Submit by Nico (Written by Domino

 

Time Frame 15min, 30min H1.

Currency pairs:Any.

Indicators:

(EMA) exponential moving average (14),

(EMA) exponential moving average (42),

RSI (21)

William’s %R ( 7) 

 

If MAE 14 > MAE 42 then the Big Trend is Up. That means, you

must wait a Long signal.

If MAE 14 < MAE 42 then the Big Trend is Down. That means,

you must wait a Short signal.

 

I use RSI because it’s a forex indicator that follow the Big Trend

with more accuracy. It doesn’t give many false signals when

prices do a little pullback. It’s an advantage . I use RSI only to find little pullbacks, but sometimes

it can help me to go out of my day trades.

I use it like a pre-signal, we’ll see that later. 

 



William’s %R is the King of forex indicators. I use it to

find the turn point of pullback.William’s %R shows me when the end of a pullback is near. When 0 C William’s %R < 15 , that means our little pullback is near dead

 

Forex day trading system
Forex day trading system.pdf
Adobe Acrobat Document 161.2 KB

RSI showed us the market was Up even if prices did some little

pullbacks. And William’s %R showed us the end of the little

down trend

 

Long Pre-signal when RSI > 50 before MAE 14 cross up MAE 42.

Short Pre-signal when RSI < 50 before MAE 14 cross down MAE 42.

For a long signal, it’s better if the down candlestick close under

MAE 14.

For a short signal, it’s better if the up candlestick close above

MAE 14.

 

Stop loss with Parabolic Sar:stop loss under the SAR dot for a long signal or above it for a short signal.We put this stop when prices cross:

the “High” for a Long trade the “Low” when we have a short trade.

For more read pdf.

 

 

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