Double RSI Flashpoint simple system
Simple flash point system
Simple trading system designed for TF, 5M, 15M, but can work on 30M, 1H, 4H, D1 TF.
EUR/USD works well, but should work with other currency pairs.
Disclaimer <br> Warning----------------------! ! -------------------- WARNING This system is still in a very early beta stage, all responsibility for use lies with the user, and please understand this before you download or implement any part of this system's theory.
If anyone wants to try it on a demo account and tweak it, it might work quite well.
index:
Double Exponential Moving Average (Red = 5, -2, Simple. On)
(Blue = 5, 0, simple, close)
Double RSI
(Red RSI period=36)
(Green RSI period=8)
Stochastic
(5-3-3)
Entering and exiting long positions with stop loss 5 pips below the entry point
1 The blue moving average crosses the red moving average and is trending upward.
2 The red RSI must be above the beige line and the green RSI must break above the red RSI and trend upward.
3 Stochastic must show green above red and must break above the 20 mark (do not enter any long trades when the red RSI line is below the orange dotted line at 40 points)
Long Exit Exit is the best option when the blue EMA line flattens and moves towards the red EMA or you can use the stochastic indicator to exit the long trade at the 80 mark for a short trade or the 20 mark for a short trade.
Short entry stop loss is 5 points higher than the entry point
The 1 red EMA crosses the blue and is trending down.
2 Green RSI must penetrate red
3 Red stochastic must be higher than green.
exit. The opposite of long exit. Other exits are also possible and you should watch for green RSI rebounds from the 80 and 20 lines.
The picture shows 15 million USD/JPY TF
Simple trading system designed for TF, 5M, 15M, but can work on 30M, 1H, 4H, D1 TF.
EUR/USD works well, but should work with other currency pairs.
Disclaimer <br> Warning----------------------! ! -------------------- WARNING This system is still in a very early beta stage, all responsibility for use lies with the user, and please understand this before you download or implement any part of this system's theory.
If anyone wants to try it on a demo account and tweak it, it might work quite well.
index:
Double Exponential Moving Average (Red = 5, -2, Simple. On)
(Blue = 5, 0, simple, close)
Double RSI
(Red RSI period=36)
(Green RSI period=8)
Stochastic
(5-3-3)
Entering and exiting long positions with stop loss 5 pips below the entry point
1 The blue moving average crosses the red moving average and is trending upward.
2 The red RSI must be above the beige line and the green RSI must break above the red RSI and trend upward.
3 Stochastic must show green above red and must break above the 20 mark (do not enter any long trades when the red RSI line is below the orange dotted line at 40 points)
Long Exit Exit is the best option when the blue EMA line flattens and moves towards the red EMA or you can use the stochastic indicator to exit the long trade at the 80 mark for a short trade or the 20 mark for a short trade.
Short entry stop loss is 5 points higher than the entry point
The 1 red EMA crosses the blue and is trending down.
2 Green RSI must penetrate red
3 Red stochastic must be higher than green.
exit. The opposite of long exit. Other exits are also possible and you should watch for green RSI rebounds from the 80 and 20 lines.
The picture shows 15 million USD/JPY TF
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