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)
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:
-
When the dot of DSS changes color from red to blue to red or blue;
-
When the Rsioma Crosses in opposite direction;
-
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.
Share your opinion, can help everyone to understand the forex strategy.
Hells Angels - Forex Strategies - Forex Resources - Forex ...
69# THV Cobra with TudorGirl's Sinc Spectrum Cycle - Forex ...
25# EMA's Band Scalp - Forex Strategies - Forex Resources -
98# AFX Trader - Forex Strategies - Forex Resources - Forex ...
77# Stochastic, MA, and MACD Scalping
32# The Secret Method - Forex Strategies - Forex Resources -
71# 5m, The Force - Forex Strategies - Forex Resources - Forex ...
104# Vlad System 15 min Day Trading
102# Scalping Trading System " Predator"
16# Mouteki System - Forex Strategies - Forex Resources - Forex ...
138# 5 min Momo Trader - Forex Strategies - Forex Resources ...
Bullish Reversal Candelstick Pattern - Forex Strategies - Forex ...
19# Action Trade - Forex Strategies - Forex Resources - Forex ...
70# Advanced RSX Scalping Strategy
120# The Secret Method 2.7 - Forex Strategies - Forex Resources
Write a comment
Shail (Monday, 26 January 2015 13:01)
Awesome formula sir, helping a lot. thanks.