10 pips a trade | Forex indicator download - MT4/MT5 resources
Greetings traders. This is my first topic so please be kind.
It's a simple system. I like the 15 minute chart at 10 pips a day...but usually this time frame can yield 20 pips or more per trade.
The example in the picture is a fifteen minute chart.
When following the rules, my win rate is about 75% and the risk is very low.
I backtested 500 trades, tested 250 strategies, and simulated 100 trades.
I'm enabling it on a small live account now and have attached my trading browser for you to see.
RSI rising
Currency Pair: Any <br> Timetable: Any
index
Bollinger Bands(21) - Deviation(2)
Stochastic (13,8,5) - Levels: 20,30 and 70,80 - Slow line green, fast line orange
RSI (14) overlaid on Stochastic, no levels - light blue
Bullish setup rules:
The price closed at or below the lower Bollinger Bands, with both the fast and slow stochastic lines below the 20 level.
RSI is below 30. At the close of the candle, the entry target is the middle line of the Bollinger Bands.
Bearish setup rules
The price closed at or above the upper Bollinger Bands with both the fast and slow stochastic lines above the 80 level.
The RSI is above the 70 line. The short target at the close of the candle is the middle line of the Bollinger Bands.
risk
Varies by time frame... I start with a risk of about 10 pips on a 15 minute chart, the risk increases as the time frame increases.
When price moves in my direction, I will trail my stop loss, generating extremely low risk trade ideas
Risk Disclaimer
Test and simulate trading before applying this strategy to a real account. All trading carries serious financial risks, including loss of capital.
This strategy is shared with you for free...Be wise and do your due diligence when trading this or any strategy.
It's a simple system. I like the 15 minute chart at 10 pips a day...but usually this time frame can yield 20 pips or more per trade.
The example in the picture is a fifteen minute chart.
When following the rules, my win rate is about 75% and the risk is very low.
I backtested 500 trades, tested 250 strategies, and simulated 100 trades.
I'm enabling it on a small live account now and have attached my trading browser for you to see.
RSI rising
Currency Pair: Any <br> Timetable: Any
index
Bollinger Bands(21) - Deviation(2)
Stochastic (13,8,5) - Levels: 20,30 and 70,80 - Slow line green, fast line orange
RSI (14) overlaid on Stochastic, no levels - light blue
Bullish setup rules:
The price closed at or below the lower Bollinger Bands, with both the fast and slow stochastic lines below the 20 level.
RSI is below 30. At the close of the candle, the entry target is the middle line of the Bollinger Bands.
Bearish setup rules
The price closed at or above the upper Bollinger Bands with both the fast and slow stochastic lines above the 80 level.
The RSI is above the 70 line. The short target at the close of the candle is the middle line of the Bollinger Bands.
risk
Varies by time frame... I start with a risk of about 10 pips on a 15 minute chart, the risk increases as the time frame increases.
When price moves in my direction, I will trail my stop loss, generating extremely low risk trade ideas
Risk Disclaimer
Test and simulate trading before applying this strategy to a real account. All trading carries serious financial risks, including loss of capital.
This strategy is shared with you for free...Be wise and do your due diligence when trading this or any strategy.
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