Forex Strategies Resources

212# LWMA and RSI Forex Trading System

Submit by Jiulius 07/05/2012

 

Currency pairs: majors

Time Frame 15 min or higher.

 

Indicators

3LWMA

12LWMA

RSI 12

Signal Noise

 

Long Entry

When the 3/12 crosses up and the 21 RSI crosses above 50 .

Short Entry

When the 3/12 crosses down and the 21 RSI goes below .

Condition:Signal Noise do not flat.

Exit Position

  1. Wait for the reverse cross of the 3 LWMA and the 12 LWMA, might come back a little but often goes for days in one direction for a good profit and surer sign of entry and exit.

  2. A set take profit, preferably 10-15 pips for 15min TF.


  1. Calculated take profit level according to fib numbersresistance or support levels or eye-balled resistance or support levels.

  2. Stop loss on the previous swing.

 

Option:

Exit position Setting for 4H Time Frame

 

  1. Wait for the reverse cross of the 3 LWMA and the 12 LWMA, might come back a little but often goes for days in one direction for a good profit and surer sign of entry and exit.

  2. A set take profit, preferably 30-50 pips for 4H TF. (AUD/USD, USD/CHF=30 pips), (EUR/USD USD/CAD= 40 pips), (GBP/USD, EUR/JPY, GBP/JPY=50 pips)

     

  3. Stop loss on the previous swing and move stop at the Entry point after 25 pips in gain.

 


 

In the pictures LWMA and RSI Forex Trading System in action.

Signal to Noise Metatrader MT4
Signal to Noise.rar
compressed file archive [2.5 KB]
Download

 

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