Intra day Trading Sys | Foreign Exchange EA Download - MT4/MT5 Resources
Hi gentlemen,
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My first article in FF,
<o></o>
I have been in the Forex world for four years, specializing in GBP.
<o></o>
I have this intraday system that I use that I want to share with you, it's simple and 90% proven.
<o></o>
First, you have to know the trend direction for the day, MACD will do that, if the slow line is below zero, the trend is down, above zero, the trend is up (if there are multiple waves, I mean the first wave of the day) MACD should be set to 8, 18, 9.
<o></o>
This is confirmed by the RSI, if above 50 it is up, below 50 it is down, and should be set to 21.
<o></o>
Now, the entry point, stop loss point and exit point,
<o></o>
The entry point should be formed by the blue 5 closed EMA and the red 6 open EMA.
Stop loss should be 5 pips above or below the recent high or low, but no more than 30 pips. Exit, if you are good at Fibonacci, then you should exit at 161.8% or top and bottom, R or S, but with no less than 30 pips in hand.
Forgot to mention that the time range should be 30m and applied after 2300 EST.
If the above conditions are not met, do not enter the market.
This system is useless for journalism.
<?xml:namespace prefix= on ns = "urn:schemas-microsoft-com:office:office" /><o></o>
My first article in FF,
<o></o>
I have been in the Forex world for four years, specializing in GBP.
<o></o>
I have this intraday system that I use that I want to share with you, it's simple and 90% proven.
<o></o>
First, you have to know the trend direction for the day, MACD will do that, if the slow line is below zero, the trend is down, above zero, the trend is up (if there are multiple waves, I mean the first wave of the day) MACD should be set to 8, 18, 9.
<o></o>
This is confirmed by the RSI, if above 50 it is up, below 50 it is down, and should be set to 21.
<o></o>
Now, the entry point, stop loss point and exit point,
<o></o>
The entry point should be formed by the blue 5 closed EMA and the red 6 open EMA.
Stop loss should be 5 pips above or below the recent high or low, but no more than 30 pips. Exit, if you are good at Fibonacci, then you should exit at 161.8% or top and bottom, R or S, but with no less than 30 pips in hand.
Forgot to mention that the time range should be 30m and applied after 2300 EST.
If the above conditions are not met, do not enter the market.
This system is useless for journalism.
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