29#Simple Strategy Trading System

SMA Stochastic and RSI Trading System

Time Frame: Daily.

Pairs: all.



SMA 150

Stochastic: 8,3,3.

RSI: 3.

Long Entry Position:

when the price is above 150 SMA look for RSI to plunge below 20. Then look at Stochastic - once the Stochastic lines crossover occur and it is (must be) below 30 - enter Long with a new price bar.

Short Entry Position:

when the price is below 150 SMA wait for the RSI to go above 80. Then if shortly after you see a Stochastic lines crossover above 70.


Protective stop is placed at the moment of entry and is adjusted to the most recent swinghigh/low.

Profits are going to be taken next way:
Option 1 - 
using Stochastic - with the first Stochastic lines cross above 70 (for uptrend) / below 30 (for downtrend). Option 4- exit with trailing stop; Option 5- exit on pivot pointweekly or fibonacci point.


In the picture below   SMA Stochastic and RSI Trading  System  in action.


Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 0