Forex Strategies Resources

404# Viper Trading System

Submit by Janus Trader 06/10/2012

 

Time Frame: tf 30 min or higher;

Currency pairs:any.

 

Moving Average LWMA (20, open, ( setup 30 min and 60 min TF levels 65,-65 89,-89, ,setup 4h= ma 15 open, levels 150, -150, 360, -360 ; );

Moving Average LWMA (60, open);

T&C Wonders

Heiken Aschi

CCI Woodies LNX (65, 3, 25,60, 0);

PJ over RSI (28, 70, 30).

 

Long Entry

setup:

  1. the price close above upper band of the channel;

  2. CCI LNX,PJ-Over RSI and Trend Indicators are green;

 

Buy When the price retrace into the channel.

 

Short Entry

setup:

  1. the price close below lover band of the channel;

  2. CCI LNX,PJ-Over RSI and Trend Indicators are red;

 

Sell When the price retrace into the channel.

 

Stop loss at the previous swing

Profit Target predetermined, depends by time frame and currency, or ratio 1:1,5 stop loss (example if stop loss is 30 pips pt=45 pips)

 


In the pictures Viper forex system in action.

Viper Trading System
Viper Trading System trend following strategy
Viper Trading System.rar
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