The KISS Trading System for EU M5
KISS trading system
Keep it simple, stupid. Forget all technical analysis and all indicators. Below are the trading rules for all major currency pairs.
For long positions
1. The last two bars must be green, that is, the closing price is greater than the opening price.
2. Close[1] > Close[2]
3. The length of the last two candlesticks must be no less than 4 points.
4. Close all short positions regardless of profit or loss
5. Open a long position at the opening of a new bar when no long position exists.
6. Stop loss is 20 points and take profit is 10 points.
For short positions
1. The last two bars must be red, that is, the closing price is lower than the opening price.
2. Close[1] < Close[2].
3. The length of the last two candlesticks must be no less than 4 points.
4. Close all long positions regardless of profit or loss.
5. When there is no short position. Open a short position at the opening of a new bar.
6. Stop loss is 20 points and take profit is 10 points.
Update: version 3
1. Added 60 LWMA. To go long, the closing price[1] must be above the 60 LWMA. To go short, the closing price[1] must be below the 60 LWMA.
2. Bots will double your hand size. When the initial target is reached, it will close half of the lot and start trailing the stop to the last candle's open or low.
Keep it simple, stupid. Forget all technical analysis and all indicators. Below are the trading rules for all major currency pairs.
For long positions
1. The last two bars must be green, that is, the closing price is greater than the opening price.
2. Close[1] > Close[2]
3. The length of the last two candlesticks must be no less than 4 points.
4. Close all short positions regardless of profit or loss
5. Open a long position at the opening of a new bar when no long position exists.
6. Stop loss is 20 points and take profit is 10 points.
For short positions
1. The last two bars must be red, that is, the closing price is lower than the opening price.
2. Close[1] < Close[2].
3. The length of the last two candlesticks must be no less than 4 points.
4. Close all long positions regardless of profit or loss.
5. When there is no short position. Open a short position at the opening of a new bar.
6. Stop loss is 20 points and take profit is 10 points.
Update: version 3
1. Added 60 LWMA. To go long, the closing price[1] must be above the 60 LWMA. To go short, the closing price[1] must be below the 60 LWMA.
2. Bots will double your hand size. When the initial target is reached, it will close half of the lot and start trailing the stop to the last candle's open or low.
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