- October 24, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
That is a easy system. I like a 15 minute chart for 10 pips a day... however typically this time-frame can produce 20 or extra per trade.
The pictured instance is a fifteen minute chart.
When the principles are adopted I expertise about a 75% win fee, with very low threat.
I've backtested 500 trades, technique examined 250, and demo traded 100 trades.
I'm bringing it reside on a small actual account now and have my trade explorer hooked up to your overview.
STOCHED UP RSI
Forex Pair: ANY
Timeframe: ANY
INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Ranges: 20,30 and 70,80 - Gradual Line inexperienced, quick line orange
RSI (14) overlaid on to Stochastic, no ranges - Mild blue coloration
BULLISH SET UP RULES:
Worth closes at or under the decrease Bollinger band
Stochastic quick line AND sluggish line are each under the 20 degree
RSI is under the 30 line
Enter at candle shut
Goal is center Bollinger band
BEARISH SET UP RULES
Worth closes at or above higher Bollinger band
Stochastic quick line AND sluggish line are each above the 80 degree
RSI is above the 70 line
Enter quick at candle shut
Goal is center Bollinger band
RISK
Varies on timeframe... I begin with about a 10 pip threat on a 15 minute chart, and threat goes up as timeframes go up.
As worth strikes my course, I'll path my cease producing very low threat trade concepts
RISK DISCLAIMER
check and demo trade earlier than making use of this technique to a reside account. All buying and selling poses critical monetary threat, together with lack of capital.
This technique is shared with you free of charge... Be sensible and use due diligence when buying and selling this or any technique.
Instance two is a bullish arrange, Worth closed under the BB, RSI is under 30, however the sluggish line of the Stochastic will not be under 20. NO TRADE
Instance three is a bullish arrange. Worth closed under the BB. Each stochastic traces are under the 20 and the RSI is under the 30. RULES MET - TARGET HIT
Instance 4 is a bearish arrange. Worth closed above the BB. RSI is above the 70, however the sluggish line of the Stochastic will not be above 80. NO TRADE
Instance 5 is a bearish arrange. Worth closed on the BB. Each Stochastic traces are above the 80 and the RSI is above the 70. RULES MET - TARGET HIT
Bollinger Bands (21,0,2)
Stochastics (13,8,5)
RSI (14)
Guidelines as acknowledged for entry (shut above/under BB higher/decrease, Stoch <> 20-80, RSI <> 30-70)
TP is the center line in the mean time when the trade is began (though, if it crosses center line, trade will TP)
SL is 1:1 with preliminary TP (so for a bull, SL = BBLower - (BBMid-BBLower))
Account $1000, buying and selling 0.01 heaps
Buying and selling on M15 throughout a number of pairs
Outcomes under:
Modified to have a static SL of 10 pips as urged, while nonetheless having TP at mid of band:
Finest pair is EURGBP. Performed check for winrate; 60% achieved:
