Forex Strategies Resources

3# Fractal-based Support and Resistance , RSI Filter Trading System

Price Action Trading System

 

Submit by joy22

 

This an is price action trading system.

Time Frame Any

Pair:any

Long Entry Position:

 

1: If Candle closes above FB resistance, open long postition.

 

Short Entry Position
2: If Candle closes below 
FB support, open short position.

I RSI filter is On.

Central line Filter 
1: Only enter buy/long if 
RSI(8) > 50
2: Only enter sell/short if RSI(8) < 50
Overbought/Oversold Filter 
1: Only enter buy/long if 
RSI(8) > 60
2: Only enter sell/short if RSI(8) < 40

 


Stop Loss 5 pips below entry bar.

Profit Target: on Supporte and Resistance or aggressive.

 

 

In the pictures Fractal-based Support and Resistance, RSI Filter forex system in action.

FiboPiv_v2
Forex Trading System : FiboPiv_v2: FB Support and Resistance
FiboPiv_v2.rar
compressed file archive [1.2 KB]
Download

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Write a comment

Comments: 2

  • #1

    Ken (Wednesday, 21 August 2013 00:44)

    Hello Joy22,

    i am happy to let you know that I love this system of yours, the picture showed me that it will do great however, having gone through this system, I notice that some indicators were not attached according to the chart diagram above. some indicators like
    RSI filter indicator
    Fractal indicator
    please, it will pleases me if you can send them to my email emmyonlinesystem@gmail.com

    Thanks in advance and waiting for your amicable reply.

  • JimdoPro
    #2

    Forextradingstrategiesresources (Wednesday, 21 August 2013 01:12)

    Simple. Add the indicator RSI (period 8) the following levels: 30, 40, 50, 60, 70.

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Fractal Forex Strategies