Hello Traders,
Welcome once again to this Tread I will like to share with you some trading system and forex market hours: when to trade, the currency to trade and when not to.
TRADING SYSTEM:
· 5 EMA applied to the close
· 10 EMA applied to the Close
· Stochastic (10, 3, 3)
· RSI (14)
METHOD
Entry Rule:
BUY SIGNAL
Buy when the 5 EMA Crosses above the 10 EMA and Both Stochastic Lines are heading up and the RSI is greater than 50
SELL SIGNAL
Sell when the 5 EMA Crosses below the 10 EMA and Both Stochastic Lines are heading down and the RSI is less than 50
TAKE PROFIT
1. Take Profit when the 5 EMA crosses the 10 EMA in the opposite direction of your trade.
2. RSI Crosses back to 50
