Recommended Pairs
EUR/USD, GBP/USD, USD/JPY and USD/CHF
Indicators
- RSI : Period 8
- MA : Period 8
- Bollinger Bands
BUY
RSI must be below the middle of Bollinger Band and RSI has crossed above MA.
Buy when open the next bar.
SELL
RSI must be above the middle Bollinger Band and RSI has crossed below MA.
Sell when open the next bar.
Stop Loss is the low/high of the previous bar.
Move S/L to break even if the price moves greater than 40 pips in direction.
Use a trailing stop for exits (25 pips) after the initial 40 pip move.
Look at the charts once per day, just before 0.00 GMT. Then place trades if the criteria have been met. A simple system, only 10 minutes a day is needed. This method provides a limited number of trades, but the trades can last anywhere from 1 day to numerous days. There can also be days on end with no trades.
EUR/USD, GBP/USD, USD/JPY and USD/CHF
Indicators
- RSI : Period 8
- MA : Period 8
- Bollinger Bands
BUY
RSI must be below the middle of Bollinger Band and RSI has crossed above MA.
Buy when open the next bar.
SELL
RSI must be above the middle Bollinger Band and RSI has crossed below MA.
Sell when open the next bar.
Stop Loss is the low/high of the previous bar.
Move S/L to break even if the price moves greater than 40 pips in direction.
Use a trailing stop for exits (25 pips) after the initial 40 pip move.
Look at the charts once per day, just before 0.00 GMT. Then place trades if the criteria have been met. A simple system, only 10 minutes a day is needed. This method provides a limited number of trades, but the trades can last anywhere from 1 day to numerous days. There can also be days on end with no trades.