Simple Flashpoint system
Simple Trading system designed for TF, 5M ,15M But may work on 30M ,1H ,4H,D1 TF.
EUR/USD works well but should work with other pairs.
DISCLAIMER
WARNING----------------------! ONLY DEMO TRADE THIS SYSTEM !--------------------WARNING
This system is still under very early testing stages and all responsibility for usage is solely with the user and this is understood before you download or implement any parts of theory of this system.
If anyone wants to try it out on a DEMO account and tweak it, it may work reasonably well.
Indicators:
Double EMA
(RED= 5, -2, simple. Open)
(BLUE= 5, 0, simple, close)
Double RSI
(RED RSI Period =36)
(GREEN RSI Period =8)
STOCHASTIC
(5-3-3)
ENTRY AND EXIT
LONG ENTRY SL 5 pips below entry point
1 BLUE EMA crosses RED and trends upwards.
2 RED RSI Must be above beige line, GREEN RSI must break RED RSI & trend upwards.
3 STOCHASTIC Indicator must be showing GREEN above RED and must have crossed the 20 mark (Do NOT take any long trades while the RED RSI line is below the ORANGE dotted line at point 40)
LONG EXIT
Exits are Best when BLUE EMA line flattens out and moves towards RED EMA, or you can use the Stochastic indicator to exit a LONG trade at the SHORT 80 mark or the 20 mark for SHORT trades.
SHORT ENTRY SL 5 pips above entry point
1 RED EMA crosses BLUE and trends down.
2 GREEN RSI must penetrate RED
3 RED Stochastic must be above green.
EXIT. REVERSE of LONG EXIT. Other exits are possible and you should watch out for the bounce of the green RSI off the 80 & 20 lines.
Image is 15m TF USD/JPY
Simple Trading system designed for TF, 5M ,15M But may work on 30M ,1H ,4H,D1 TF.
EUR/USD works well but should work with other pairs.
DISCLAIMER
WARNING----------------------! ONLY DEMO TRADE THIS SYSTEM !--------------------WARNING
This system is still under very early testing stages and all responsibility for usage is solely with the user and this is understood before you download or implement any parts of theory of this system.
If anyone wants to try it out on a DEMO account and tweak it, it may work reasonably well.
Indicators:
Double EMA
(RED= 5, -2, simple. Open)
(BLUE= 5, 0, simple, close)
Double RSI
(RED RSI Period =36)
(GREEN RSI Period =8)
STOCHASTIC
(5-3-3)
ENTRY AND EXIT
LONG ENTRY SL 5 pips below entry point
1 BLUE EMA crosses RED and trends upwards.
2 RED RSI Must be above beige line, GREEN RSI must break RED RSI & trend upwards.
3 STOCHASTIC Indicator must be showing GREEN above RED and must have crossed the 20 mark (Do NOT take any long trades while the RED RSI line is below the ORANGE dotted line at point 40)
LONG EXIT
Exits are Best when BLUE EMA line flattens out and moves towards RED EMA, or you can use the Stochastic indicator to exit a LONG trade at the SHORT 80 mark or the 20 mark for SHORT trades.
SHORT ENTRY SL 5 pips above entry point
1 RED EMA crosses BLUE and trends down.
2 GREEN RSI must penetrate RED
3 RED Stochastic must be above green.
EXIT. REVERSE of LONG EXIT. Other exits are possible and you should watch out for the bounce of the green RSI off the 80 & 20 lines.
Image is 15m TF USD/JPY
Attached Image (click to enlarge)
Attached File(s)
Starting to see instead of just looking.
