The Dragon Fly Trading System
Time Frame 5min but Work any time frame >5min.
Pairs:all
Indicators:
MACD (5,15,1)
DSSBressert (8,13)
RSIOMA II
Ribbon
Long Entry:
DSS Bressert Blue Arrow,
MACD>0,
RSIOMA cross up,
Ribbon is green.
Not to Entry if DSS or RSIOMA is in Overbought
Short Entry:
DSS Bressert Red Arrow,
MACD<0,
RSIOMA cross down,
Ribbon is Red.
Not to Entry if DSS or RSIOMA is in Oversold.
Exit Position:
When the dot of DSS changes color from red to blue to red or blue;
When the Rsioma Crosses in opposite direction;
When Ribbon Change colour.
For 5min chart we prefer when The RSIOMA crosses in opposite direction and Profit Target.
Stop lossfor 5 min chart is 3 pips below or above the entry point.
Profit Target for 5min chart is 8 pips for EUR/USD, 10 pips for GBP/USD and 6 pips for AUD/USD.
