I am using the following rules:
"
+5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage.
+RSI 8
+and of course non-news quiet times.
--- Use only ECN account
--- if you dont have much money use 1:500 leverage to be able to open at least 30K lots
--- DONT FORGET: Trading is a business...Business requires investing!! Dont be stingy!
1. Enter (right on the second candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200.
2. Dont regard all crossings (over 5ema) as trade set-ups. Avoid consolidated areas and zones of small candles.
3. Always confirm set-up with HA candle.
4. Enter set-ups ONLY on times where price 'comes from' critical RSI 70 or 30 zones. In this way IT"S SAFER!.
5. DONT OVERTRADE! MAX 4 TRADES A DAY (IF YOU WANNA LIVE LONGER OF COURSE).
yes 5 simple rules.
"
"
+5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage.
+RSI 8
+and of course non-news quiet times.
--- Use only ECN account
--- if you dont have much money use 1:500 leverage to be able to open at least 30K lots
--- DONT FORGET: Trading is a business...Business requires investing!! Dont be stingy!
1. Enter (right on the second candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200.
2. Dont regard all crossings (over 5ema) as trade set-ups. Avoid consolidated areas and zones of small candles.
3. Always confirm set-up with HA candle.
4. Enter set-ups ONLY on times where price 'comes from' critical RSI 70 or 30 zones. In this way IT"S SAFER!.
5. DONT OVERTRADE! MAX 4 TRADES A DAY (IF YOU WANNA LIVE LONGER OF COURSE).
yes 5 simple rules.
"