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Houly Method
Open a new chart:
1. EUR/USD or GBP/USD
2. Set a 5 E-MA (Colour White)
3. Set a 10 E-MA (Colour Red)
4. Set a 20 E-MA (Colour Green)
5. Set a 50 E-MA (Colour Blue)
6. Set a MACD with: 5,10,10
7. Set an RSI with: 10
8. Set a slow Stochastics with: 10.3.3
Trade on preferable H1 / H4 and D1
Profit Range: 20 to +300 Pips per trade
Entry Criteria:
When the white 5 EMA crosses the Red 10 EMA AND: the following requiremets are met:
RSI has broken over or below 50 (long / short)
MACD should be over or below 0 (long / short)
Stochastics are not in an oversold or overbought zone or they have just broken out of an oversold or overbought zone
Exit Criteria:
When the price crosses the 5 and 10 EMA and RSI is breaking 50
an optimal exit point based on the crossover on par with the indicators.
History Examples:
1. EUR/USD or GBP/USD
2. Set a 5 E-MA (Colour White)
3. Set a 10 E-MA (Colour Red)
4. Set a 20 E-MA (Colour Green)
5. Set a 50 E-MA (Colour Blue)
6. Set a MACD with: 5,10,10
7. Set an RSI with: 10
8. Set a slow Stochastics with: 10.3.3
Trade on preferable H1 / H4 and D1
Profit Range: 20 to +300 Pips per trade
Entry Criteria:
When the white 5 EMA crosses the Red 10 EMA AND: the following requiremets are met:
RSI has broken over or below 50 (long / short)
MACD should be over or below 0 (long / short)
Stochastics are not in an oversold or overbought zone or they have just broken out of an oversold or overbought zone
Exit Criteria:
When the price crosses the 5 and 10 EMA and RSI is breaking 50
an optimal exit point based on the crossover on par with the indicators.
History Examples:
Forex Trading Systems:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Risk Warning
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