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55# The Dragon Fly Trading System

Time Frame 5min but Work any time frame >5min.

Pairs:all

 

Indicators:

MACD (5,15,1)

DSSBressert (8,13)

RSIOMA II

Ribbon

 

Long Entry:

DSS Bressert Blue Arrow,

MACD>0,

RSIOMA cross up,

Ribbon is green.

Not to Entry if DSS or RSIOMA is in Overbought

 

Short Entry:

DSS Bressert Red Arrow,

MACD<0,

RSIOMA cross down,

Ribbon is Red.

Not to Entry if DSS or RSIOMA is in Oversold.

 

Exit Position:

  1. When the dot of DSS changes color from red to blue to red or blue;

  2. When the Rsioma Crosses in opposite direction;

  3. When Ribbon Change colour.

    For 5min chart we prefer when The RSIOMA crosses in opposite direction and Profit Target.

Stop lossfor 5 min chart is 3 pips below or above the entry point.

Profit Target for 5min chart is 8 pips for EUR/USD, 10 pips for GBP/USD and 6 pips for AUD/USD.


 

In the pictures the Dragon Fly in action.

The Dragon Fly.rar
compressed file archive 9.1 KB

 

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Comments: 1
  • #1

    Shail (Monday, 26 January 2015 13:01)

    Awesome formula sir, helping a lot. thanks.