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Hi,
this mySIMPLE_o2 trading i used, more simple & profitable for me BUY if --- RSI "up" > 50 & Candle "above" T3MA line SELL if --- RSI "down" < 50 & Candle "below" T3MA line
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
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!
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!!!