76# RSI FLAT Trading System

Submit by Joy22 06/02/2012

 

 

Time Frame: DAILY Chart

Indicators

  1. 5 SMA

  2. RSI (5)

 

Long Entry

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

  2. RSI(5) > 60

Short Entry

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

  2. RSI(5) < 40

EXIT STRATEGY

When reverse position or stop loss below or above the previous swingProfit target Ratio 1:5

 

 

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Forex Trading System
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