76# RSI FLAT Trading System

Submit by Joy22 06/02/2012

Time Frame: DAILY Chart

Indicators

5 SMA

RSI (5)

Long Entry

Buy when the price crosses over the 5 SMA and marks +10 pips up.

RSI(5) > 60

Short Entry

Sell when the price crosses over the 5 SMA and marks +10 pips down.

RSI(5) < 40

EXIT STRATEGY

When reverse position or stop loss below or above the previous swing. Profit target Ratio 1:5