Quote:
Originally Posted by limestreamx
BOGOVINO SYSTEM :
Here it goes... It's quite simple. On a 1 Hr chart, plot 5/12 EMA's. Plot RSI set at 21. When the 5/12 crosses up and the 21 RSI crosses above 50 you go long. When the 5/12 crosses down and the 21 RSI goes below 50 you short.
This method is proven to be at least 85% accurate!
EMA's on close.... Entry on the 5/12 cross with the 21 RSI above (Long) or below (Short) for entry. Exits on Fibs.... I draw the fibs on the charts, but Renasdad had a 1hr Vegas tunnel indicator which I hopes he posts for you all to use as entries and exits on trades.
I leave this thread open to any and all improvements. I thank you for your time and I hope this helps you all become more successful traders!!!
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I think this system is very simple and profitable.I don't know if anybody
can write an EA for this?To avoid whipsaws we can buy when RSI>52 and
sell when RSI<48.We can write as a Stop&Reverse EA or we can exit
manually by aplying RS or Fib or 1 hour channel indicator.
Thank for your help.
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