Momentum and StochRSI system
Hi
I've been asking for separate threads to be created, so here I am.
I would like to thank Arezab for porting this strategy to the MT platform.
You can find much of this information in my diary thread here It is closed and may never be activated due to lack of time. (Maybe one day we will only see long-term deals)
The main advantages of this system.
1 EMAS offers accuracy (7,14,34,52,120,204 and SMA100 Oanda MT4 is 7,14,34,52,98,180,250) and little lies.
2 Gaining Confidence with Momentum and StochRSI Indicators (never lied to me, just me interpreting it the wrong way) [Oanda stochRSI set to 65,70,30]
3 Scalability since it does work with all TFs. (lower TF less TP)
You can find the template for MT4 in the attachment below.
(The template has been simplified to only the important EMAs and should work for all brokers on the MT4 platform.)
The first chart shows the geppy daily TF
StochRSI
stochrsi has two important levels
0.25(25%) - Has territorial boundaries.
0.75(75%) - bull territory boundary.
EMA 20 and these two levels provide strong S/R levels.
Momentum <br> Momentum EMA 100 shows trend direction and provides major S/R levels.
EMA 20 shows that smaller S/R levels also provide an acceleration of trend development.
If EMA 20 crosses EMA 100, we will see a change in the short-term trend.
We could easily call it the "Death Cross"
The second chart shows a trend continuation entry on the 3H chart.
When the momentum at EMA 20 will change from support to resistance, we can easily track the DC or trade more accurately.
For more accuracy, switch to the lower TF and look for divergence and 61.8%/76.4% Fibonacci retracements.
Target
TP and reversal points are calculated based on the last revised FE of 261%.
This is just theory...hard to apply to real life
Have a question?
Disclaimer:
I'm just rambling, don't take it personally, I have no idea how to trade.
I've been asking for separate threads to be created, so here I am.
I would like to thank Arezab for porting this strategy to the MT platform.
You can find much of this information in my diary thread here It is closed and may never be activated due to lack of time. (Maybe one day we will only see long-term deals)
The main advantages of this system.
1 EMAS offers accuracy (7,14,34,52,120,204 and SMA100 Oanda MT4 is 7,14,34,52,98,180,250) and little lies.
2 Gaining Confidence with Momentum and StochRSI Indicators (never lied to me, just me interpreting it the wrong way) [Oanda stochRSI set to 65,70,30]
3 Scalability since it does work with all TFs. (lower TF less TP)
You can find the template for MT4 in the attachment below.
(The template has been simplified to only the important EMAs and should work for all brokers on the MT4 platform.)
The first chart shows the geppy daily TF
StochRSI
stochrsi has two important levels
0.25(25%) - Has territorial boundaries.
0.75(75%) - bull territory boundary.
EMA 20 and these two levels provide strong S/R levels.
Momentum <br> Momentum EMA 100 shows trend direction and provides major S/R levels.
EMA 20 shows that smaller S/R levels also provide an acceleration of trend development.
If EMA 20 crosses EMA 100, we will see a change in the short-term trend.
We could easily call it the "Death Cross"
The second chart shows a trend continuation entry on the 3H chart.
When the momentum at EMA 20 will change from support to resistance, we can easily track the DC or trade more accurately.
For more accuracy, switch to the lower TF and look for divergence and 61.8%/76.4% Fibonacci retracements.
Target
TP and reversal points are calculated based on the last revised FE of 261%.
This is just theory...hard to apply to real life
Have a question?
Disclaimer:
I'm just rambling, don't take it personally, I have no idea how to trade.
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