Hi All
I took a look back at my favourite indi's and setting for them since i started trading 7 years ago and combined them together to make a trading system which has a very clear setup for entries, The idea is to catch trends early when all is lined up.
Indicators used with their settings:
SMA Period 50
MACD 36,78,27
OBV - With SMA Period 50 attached to OBV sub-window using setting (First Indicators Data)
Stoch Period 200,3,3 with SMA setting
RSI Period 30
All indi settings using : Price = Close
Entry Types:
1) You can enter when all line up in any order
2) Enter on MACD MA cross (Not talking about Zero line) When all else is inline.
3) Enter on MACD Histo colour change in the favourable direction when all else is inline.
Buy Signal without entry:
1) Price is above 50 SMA and 50 SMA is starting or already sloping up.
2) OBV is above 50 SMA and starting or already sloping up.
3) Stoch Period 200 has moved above or is already above level 50.
4) RSI Period 30 has moved above or is already above level 50.
5) MACD MA and HISTO are both starting or already sloping up.
Sell Signal without entry:
1) Price is below 50 SMA and 50 SMA is starting or already sloping down.
2) OBV is below 50 SMA and starting or already sloping down.
3) Stoch Period 200 has moved below or is already below level 50.
4) RSI Period 30 has moved below or is already below level 50.
5) MACD MA and HISTO are both starting or already sloping down.
A few examples:
Managing SL and TP is upto you
Indi's and tpl's
I took a look back at my favourite indi's and setting for them since i started trading 7 years ago and combined them together to make a trading system which has a very clear setup for entries, The idea is to catch trends early when all is lined up.
Indicators used with their settings:
SMA Period 50
MACD 36,78,27
OBV - With SMA Period 50 attached to OBV sub-window using setting (First Indicators Data)
Stoch Period 200,3,3 with SMA setting
RSI Period 30
All indi settings using : Price = Close
Entry Types:
1) You can enter when all line up in any order
2) Enter on MACD MA cross (Not talking about Zero line) When all else is inline.
3) Enter on MACD Histo colour change in the favourable direction when all else is inline.
Buy Signal without entry:
1) Price is above 50 SMA and 50 SMA is starting or already sloping up.
2) OBV is above 50 SMA and starting or already sloping up.
3) Stoch Period 200 has moved above or is already above level 50.
4) RSI Period 30 has moved above or is already above level 50.
5) MACD MA and HISTO are both starting or already sloping up.
Sell Signal without entry:
1) Price is below 50 SMA and 50 SMA is starting or already sloping down.
2) OBV is below 50 SMA and starting or already sloping down.
3) Stoch Period 200 has moved below or is already below level 50.
4) RSI Period 30 has moved below or is already below level 50.
5) MACD MA and HISTO are both starting or already sloping down.
A few examples:
Managing SL and TP is upto you
Indi's and tpl's
