Ok this thread is to further explore the system I have been developing the past few days. I’m Calling it the Cable Hypercross System aka HCS for short. The goal was to develop A highly reactive system without becoming overly complex. At this point most winning trades clear 50 pips with a working win loss ratio of 2 to 1.
OK here it is. The CHS is only being run on GBP/USD, GBP/JPY and GBP/CHF.
1 Hour Chart
Fast
11 EMA applied to close
Slow
13 EMA applied to open
RSI
12 Period
Lines on 55 and 45
Enter long when the 11 EMA crosses above the 13 EMA and the RSI is above 55.
Enter short when the 11 EMA crosses below the 13 ema and the RSI is below 45.
Upon all entries 30 pip stop loss.
I would have preferred to just use the cross but this system gets killed in a ranging market so thats why the RSI has been added. I tried using variations with a 24 period RSI but it wasint responsive enough. A 12 period RSI or a half day RSI seems to be just about right.
Anyway I hope to hear some feedback thanx a bunch I hope to hear from you guys.
OK here it is. The CHS is only being run on GBP/USD, GBP/JPY and GBP/CHF.
1 Hour Chart
Fast
11 EMA applied to close
Slow
13 EMA applied to open
RSI
12 Period
Lines on 55 and 45
Enter long when the 11 EMA crosses above the 13 EMA and the RSI is above 55.
Enter short when the 11 EMA crosses below the 13 ema and the RSI is below 45.
Upon all entries 30 pip stop loss.
I would have preferred to just use the cross but this system gets killed in a ranging market so thats why the RSI has been added. I tried using variations with a 24 period RSI but it wasint responsive enough. A 12 period RSI or a half day RSI seems to be just about right.
Anyway I hope to hear some feedback thanx a bunch I hope to hear from you guys.