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Quote:
Thank you very much for this simple system. Please can you elaborate on how you use this system e.g. 1. What is the SL 2. Is it a stop and reverse ? 3. How do you use the moving averages on the chart? 4. I assume you do wait for the close of the 4h candle? Thanks once again Last edited by aelimian : 02-11-2008 at 03:59 AM. |
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Thank's U,
maybe this can answer ur Q? with a little modif Let c in TF M1 --- i used GBP/JPY BUY -- if : RSI 14 & 70 "up" > 50 'n Candle "above" T3MA 21 & 105 SELL - if : RSI 14 & 70 "down" < 50 'n Candle "below" T3MA 21 & 105 TP : up > 15 pips --- use Trailing Stop EXIT : RSI 14 "crossed" RSI 70 --- as long as a GREEN!! SL : if T3MA 21 "crossed back" T3MA 105 USED ONLY IN TF M1 ok - hv a nice trading 'n gudluck! |
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B4 OP trade --- Check @ High TF ( W1 , ... , H4 ) find d signal? NO? --- than LOOKs @ Lower TF ( H1 , ... , M1 ) find d signal? NO? --- than WAIT 'n c or DON'T TRADE!!!
just FOLLOW d RULEs ok -- thx, 'n GudLuck! |
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