Saturday, August 2, 2008

Forex ; 5 x 5 Simple system

Just look what this trading strategy has to say. It's a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.

To start:
Currency: ANY
Time frame: 1 day
Indicators: 5 SMA, RSI 5

Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50. Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.
Exit rules: not set.

It is a very very simple system, yet with quite impressive results.
Always remember to take actions/enter the trade only after the signaling candle is closed.

This Strategy or trading idea can be used to create more advanced trading version.
Posted by at
Labels:

1 comment:

  1. BloggerSeptember 8, 2016 at 11:03 PM

    Hey Ya'll,

    Below is a list of the highest ranking FOREX brokers:
    1. Most Recommended Forex Broker
    2. eToro - $50 minimum deposit.

    Here is a list of the best forex instruments:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Strategies Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    I hope you find these lists helpful.

    ReplyDelete

Subscribe to: Post Comments (Atom)