212# LWMA and RSI Forex Trading System
Submit by Jiulius 07/05/2012
Currency pairs: majors
Time Frame 15 min or higher.
When the 3/12 crosses up and the 21 RSI crosses above 50 .
When the 3/12 crosses down and the 21 RSI goes below .
Condition:Signal Noise do not flat.
Stop loss on the previous swing.
Exit position Setting for 4H Time Frame
Wait for the reverse cross of the 3 LWMA and the 12 LWMA, might come back a little but often goes for days in one direction for a good profit and surer sign of entry and exit.
A set take profit, preferably 30-50 pips for 4H TF. (AUD/USD, USD/CHF=30 pips), (EUR/USD USD/CAD= 40 pips), (GBP/USD, EUR/JPY, GBP/JPY=50 pips)
Stop loss on the previous swing and move stop at the Entry point after 25 pips in gain.
In the pictures LWMA and RSI Forex Trading System in action.
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RSI Forex Strategies