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20# Momentum Forex Trading system

Submit by joy 22

 

Pairs: all

Time Frame:15 and higher

Forex Indicators:

21 SMA;

11 SMA

Momentum 30

RSI 14

Enter Long Position:

When Momentm >100 and SMA 11> SMA 21 and The price is >Crossing up.

Enter Short Position:

When Momentm <100 and SMA 11<SMA 21 and The price is <Crossing down.

Exit Position:

RSI, that determine oversold/bought conditions, will be the first to let you know when rally is complete, or losing strength, by approaching to extreme readings; that will signal your exit point, giving you the chance to profit as maximum as possible in a risk controlled environment.


 

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