Cloud Trade System | Foreign exchange indicator download- MT4/MT5 resources
Random cloud trading system
index
EMA 34 Close
SMA 150 Closing Stochastic 5,3,3
rule
Do not trade if price is within EMA34 and SMA150 (proudly called the cloud) or if EMA34 is flat.
Entry point: The candle closes above/below the cloud and the stochastic indicator is not in the oversold or overbought zone.
SL: The other side of the cloud
TP: RR 1:2 (or more, if you like)
Exit: The candle closes within the cloud
schedule
I prefer M15...but works with any TF too
index
EMA 34 Close
SMA 150 Closing Stochastic 5,3,3
rule
Do not trade if price is within EMA34 and SMA150 (proudly called the cloud) or if EMA34 is flat.
Entry point: The candle closes above/below the cloud and the stochastic indicator is not in the oversold or overbought zone.
SL: The other side of the cloud
TP: RR 1:2 (or more, if you like)
Exit: The candle closes within the cloud
schedule
I prefer M15...but works with any TF too
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