311# The River modified Trading System

Submit by Joy22 29/02/2012

 

Time Frame 5 or higher.

Currency pairs: all.

 

Indicators:

Moving Average 21

Moving Average 62

Moving Average 85

Envelope 62 (0.05)

Damiani Volameter (3.2) [with Sed atr 30 and Threshold 1.3

 

Long Entry

 

In Trade Zone:Moving Average 21 cross up from bottom Moving Average 62, 85 and Envelope.

 

Short Entry

 

In Trade Zone: Moving Average 21 cross up from bottom Moving Average 62, 85 and Envelope.

 

Not buy or sell when Damiani is red.

 

RE-Entry: When the price retrace in envelope zone.


Exit position.

Stop Loss 5 pips below or above Envelope.

Profit Target Ratio 1:3

Exit also on the pivot level.


In the pictures the River modified forex system in action.

the river modified: Forex Trading System

the river modified
the river modified: Forex Trading System
the river modified.rar
compressed file archive 1.1 KB

Damiani noise indicator

Damiani_volatmeter v3.2
Metatrader indicator
Damiani_volatmeter v3.2.rar
compressed file archive 3.3 KB

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