51# 10 Pips A Day Trading System

Submit by joy22

 

Timeframe: 1-hour.

Currency Pairs: all.

In this system, we use 3 indicators:

1. 5-period Exponential Moving Average (EMA 5) applied to the Close.

2. 12-period Exponential Moving Average (EMA 12) applied to the

Close.

3. 21-period RSI (RSI 21)

Entry Rules for Long Trades:

It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the

upside… AND our RSI 21 > 50.

 

Entry Rules for Short Trades:

Enter short when EMA 5 crosses EMA 12 to the downside.

AND RSI 21 < 50.

Stop loss = 20 – 30 pips… depending on the volatility of the currency pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less volatile pair, like EUR/USD, use stop loss of 20 pips.

Timeframe: 1-hour

Exit Rules for Long Trades:

Exit the trade when EMA 5 crosses back below EMA 12

Or when RSI 21 < 50.


Or when price stalls at major resistance, trendline, pivot points,

Fibonacci projection target.

Or when bearish engulfing patterns or inverted hammer patterns form.

Exit Rules for Short Trades:

Exit our short trade when EMA 5 crosses above EMA 12

OR RSI 21 > 50

 

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

Comments: 2
  • #2

    Jurabek Nazarov (Monday, 21 September 2020 17:27)

    Best strategy. Thank you.��

  • #1

    Zeynal (Friday, 28 July 2017 14:12)

    Very good thank you please share another trading systems zeynal777@hotmail.com sent me please