Hi Everyone
I would like to share with you guys my moderate trading system which gives me a very good success.
It's basiclly a good and simple scalping system which is based on MA,MACD and Bollinger bands,also pivot lines.
The set up :
On 1 min chart:
add: 20 EMA(red),62EMA (yellow) and 57 SMA(blue),also add 57 bollinger bands(the middle line make it colourless)
MACD:20,62,57
On 5 min chart:
Please add the samethings on min 1chart
The rules:
I've been trading with this system about 8 months and gives me a huge success ,I can catch 50-100 pips daily, only you need to follow the rules without a fail,it's very important like any other trading systems
Lon rule: On 1 min chart for going long, 20ema must cut through both 62 and 57 ,for up trend also the 62 must be above 57 sma.If 20 ema suddenly cuts through both ma ,there will be a pull back and the price must travel on 57 at least 5-10 minutes,the longer it stays above 57 the better,also please look at the MACD ,it also gives you early signals.So in the first cut do not enter for long ,wait for the price to come back to 57 and wait for a support and than you enter long and get help with the pivot lines for TPS.
Also use 57 bollinger bands for TP.
At the same time watch 5 min chart, on this chart if 20 again cuts through both ma ,guys this means trend is strong.
Short rule:
going short is the opposite of going long ,very straight forward.
This system gives you trend strengh as well, like if 62 somehow goes below 57 during the uptrend this means ,trend is slowing and get help from the pivot lines,this signal is important.
Just follow the 20,62,57 ,you'll be amazed with good signals .
MAIN RULE: THE PRICE MUST TRAVEL OR BOUNCE BACK OR UP FROM 57 SMA AND GET THE TREND CONFIRMATION FROM MACD.
THIS IS IT GUYS.
TRY IT AND LET ME KNOW YOUR RESULTS.
Thanks
Any questions ,please let me know
I would like to share with you guys my moderate trading system which gives me a very good success.
It's basiclly a good and simple scalping system which is based on MA,MACD and Bollinger bands,also pivot lines.
The set up :
On 1 min chart:
add: 20 EMA(red),62EMA (yellow) and 57 SMA(blue),also add 57 bollinger bands(the middle line make it colourless)
MACD:20,62,57
On 5 min chart:
Please add the samethings on min 1chart
The rules:
I've been trading with this system about 8 months and gives me a huge success ,I can catch 50-100 pips daily, only you need to follow the rules without a fail,it's very important like any other trading systems
Lon rule: On 1 min chart for going long, 20ema must cut through both 62 and 57 ,for up trend also the 62 must be above 57 sma.If 20 ema suddenly cuts through both ma ,there will be a pull back and the price must travel on 57 at least 5-10 minutes,the longer it stays above 57 the better,also please look at the MACD ,it also gives you early signals.So in the first cut do not enter for long ,wait for the price to come back to 57 and wait for a support and than you enter long and get help with the pivot lines for TPS.
Also use 57 bollinger bands for TP.
At the same time watch 5 min chart, on this chart if 20 again cuts through both ma ,guys this means trend is strong.
Short rule:
going short is the opposite of going long ,very straight forward.
This system gives you trend strengh as well, like if 62 somehow goes below 57 during the uptrend this means ,trend is slowing and get help from the pivot lines,this signal is important.
Just follow the 20,62,57 ,you'll be amazed with good signals .
MAIN RULE: THE PRICE MUST TRAVEL OR BOUNCE BACK OR UP FROM 57 SMA AND GET THE TREND CONFIRMATION FROM MACD.
THIS IS IT GUYS.
TRY IT AND LET ME KNOW YOUR RESULTS.
Thanks
Any questions ,please let me know
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