Hello
Today i wanted to try something new and developed litle simple system.
As i am still a newbie Wanted to ask you guys What do you think about this
Chart: 5 min
Indicators: Stochastic oscilator 10,3,3 levels 20, 80
RSI 9 (level 50)
EMA 5 , EMA 8
Entry:
Look at the chart and stochastic oscilator for divergence.
Then we need crosover of 5, 8 Emas
Confirmation of RSI (being above 50 for long, below 50 for short)
And Stochastic being not in overbought oversold condition
So what do you think about this?
Thanks in advance.
Today i wanted to try something new and developed litle simple system.
As i am still a newbie Wanted to ask you guys What do you think about this
Chart: 5 min
Indicators: Stochastic oscilator 10,3,3 levels 20, 80
RSI 9 (level 50)
EMA 5 , EMA 8
Entry:
Look at the chart and stochastic oscilator for divergence.
Then we need crosover of 5, 8 Emas
Confirmation of RSI (being above 50 for long, below 50 for short)
And Stochastic being not in overbought oversold condition
So what do you think about this?
Thanks in advance.
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