The predominant aspect of this strategy incorporates a moving average crossing. BunnyGirl maintained that the best times to trade were the European session and the open of the US session. Specifically, she indicated that the best time for crosses was at the beginning of the European session after a flat Asian session.
Recommendation Pairs
• European
• US
Primary Charts
• 30m Time Frame for crosses
• 5m for scalping and exiting
• Daily for longer term trends
Basic Rules
Buy
• WMA5 Crosses above WMA20
• WMA5 and WMA20 above WMA100
• RSI signals divergence or is above 50
Sell
• WMA5 Crosses below WMA20
• WMA5 and WMA20 below WMA100
• RSI signals divergence or is below 50
Filters
• Use a filter to eliminate frequent stops and catch the trend at the right time
• EURUSD: 25 points plus the bid/ask spread
• Other pairs: 30 points plus the bid/ask spread
• These filters can and do change
• Cancel the trade if the filter price has not been reached before 5 minutes
Stop Orders
• If bull cross, place a buy stop order at the filter+spread
• If a bear cross, place a sell stop order at the filter+spread
• When the filter price is reached and the order engaged, place a stop loss at about the original crossing. (Can go as much as pips away on the other side of the crossing)
Stop Loss
• 5 pips beyond the cross (or bounce) price Trading Around
• Make sure there is room enough for profit targets between
* The best signal to receive is when multiple pairs are crossing at the same time.
Recommendation Pairs
- EUR/USD
- GBP/USD
- USD/CHF
- EUR/JPY
- WMA 5
- WMA 20
- WMA 100
- RSI
• European
• US
Primary Charts
• 30m Time Frame for crosses
• 5m for scalping and exiting
• Daily for longer term trends
Basic Rules
Buy
• WMA5 Crosses above WMA20
• WMA5 and WMA20 above WMA100
• RSI signals divergence or is above 50
Sell
• WMA5 Crosses below WMA20
• WMA5 and WMA20 below WMA100
• RSI signals divergence or is below 50
Filters
• Use a filter to eliminate frequent stops and catch the trend at the right time
• EURUSD: 25 points plus the bid/ask spread
• Other pairs: 30 points plus the bid/ask spread
• These filters can and do change
• Cancel the trade if the filter price has not been reached before 5 minutes
Stop Orders
• If bull cross, place a buy stop order at the filter+spread
• If a bear cross, place a sell stop order at the filter+spread
• When the filter price is reached and the order engaged, place a stop loss at about the original crossing. (Can go as much as pips away on the other side of the crossing)
Stop Loss
• 5 pips beyond the cross (or bounce) price Trading Around
• Make sure there is room enough for profit targets between
* The best signal to receive is when multiple pairs are crossing at the same time.