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-   -   Rsi+,o,emtum+stoch All Time Frame Scalp System (https://www.forexfactory.com/showthread.php?t=103903)

johnyD Sep 1, 2008 3:33pm | Post# 1

Rsi+,o,emtum+stoch All Time Frame Scalp System
 
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Hey all,

While browsing around I encountered this very interesting RSI+STOCH+ MOMENTUM Scalp system.
Essentially, the system is good for situations in which the price gets restrained on strategic levels (support/resistance/pivot/whatever). It's good for Scalping at all time frames but said to work best on the 4h time frame.
Buy/ Sell signal is given when the 3 listed above indic. All together display a diversion opposite to the price action. In order to filter un desired false signals, don't enter a position when any of the indic. Show "over bought" or "over sold". Stop loss is placed few pips behind restraint level and Take profit is placed according to Parabolic SAR (Stop and Reverse indicator) or different EMA's. Either way, don't enter a position unless there's at least a 1:2 ratio between SL and TP and make sure to exit the trade gradually while realizing profit.

The system seems very good.

Attached bellow is a typical trade EUR CAD few weeks ago.

DID ANY OF YOU HEAR ANYTHING ABOUT IT BEFORE ?
ARE THERE ANY RELEVANT THREADS IN THIS FOROM REGARDING THIS SYSTEM CAUSE I HAVE'NT FOUND ONE ?

Thank you and God bless
JohnyD
EUR CAD 7.8.08.doc

johnyD Sep 2, 2008 4:34am | Post# 2

thats a great system- any one heard of it ?
 
thats a great system- any one heard of it ?


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