Hi friends
Here is a simple trading system. it uses ma 35 high and ma35low band.
over that comes wma10 line.
Long entry is when price cross above ma35 high.
EXIT LONG TRADE as price cross below ma35high.
enter SHORT when price cross below ma35low.
exit short when price cross above ma35low
the entry line is stoploss when trade reverses.
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The ribbons at the chart bottom are
RSI(7) ribbon Rsi>50,Green or else Red
Price cross ma35high or ma35low -ribbon -Blue or Yellow-grey neutral
PRICE BARS GET COLOR BLUE IF ABOVE MA10 OR RED IF BELOW MA10
MA10 itself gets same colors.
Hint
If there is no real trend,price moves around the bands,it doesnt move above or below.
Dont trade when no trend exists.
Learn to wait for trade trend.
masterkey=If the bands are not sloping more than 20 or 30 degrees either up or down, better avoid trades.
Even if you take a simple ma5 and ma20 system and trade only when ma20 makes 30 degree angle with ma5 above or below it,60% trades get success.
Here is a simple trading system. it uses ma 35 high and ma35low band.
over that comes wma10 line.
Long entry is when price cross above ma35 high.
EXIT LONG TRADE as price cross below ma35high.
enter SHORT when price cross below ma35low.
exit short when price cross above ma35low
the entry line is stoploss when trade reverses.
------------------------------------------------------
The ribbons at the chart bottom are
RSI(7) ribbon Rsi>50,Green or else Red
Price cross ma35high or ma35low -ribbon -Blue or Yellow-grey neutral
PRICE BARS GET COLOR BLUE IF ABOVE MA10 OR RED IF BELOW MA10
MA10 itself gets same colors.
Hint
If there is no real trend,price moves around the bands,it doesnt move above or below.
Dont trade when no trend exists.
Learn to wait for trade trend.
masterkey=If the bands are not sloping more than 20 or 30 degrees either up or down, better avoid trades.
Even if you take a simple ma5 and ma20 system and trade only when ma20 makes 30 degree angle with ma5 above or below it,60% trades get success.
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