Hi
I have been asking to create separate thread so here i am.
I'd like to thanks to arezab for porting this strategy to MT platform.
Many of these informations u can find in my journal thread here which is closed and probably never be activated due lack of time.(maybe only long term trades one day we will see)
Main advantages of this system.
1 Accuracy are providing by emas(7,14,34,52,120,204 and SMA100 for Oanda and 7,14,34,52,98,180,250 for MT4) and fibs.
2 Confidence has been achieved by momentum and StochRSI indicators(never lied to me only I interpereted in wrong way) [Oanda stochRSI settings are 65,70,30]
3 Scalability because it does work on all TF.(lower TF less TP)
U can find template for MT4 in attachment below.
(template was reduced to only important emas and should works very well for all brokers on MT4 pllatform.)
First chart shows geppy daily TF
StochRSI
There are two important levels on stochrsi
0.25(25%) - bears territory border.
0.75(75%) - bulls territory border.
EMA 20 and these two levels are providing strong S/R levels.
Momentum
On momentum EMA 100 shows trend direction and provides major S/R level.
EMA 20 shows minor S/R level also provides acceleration of trend developement.
If EMA 20 crossed EMA 100 we have a change of short term trend.
We can easily call this "Death Cross"
Second chart shows entries in trend continuation on 3H chart.
We can easily follow the DC or to be more accurate and open trade when EMA 20 on momentum will change to resistance from support.
To be yet more accurate switch to lower TF's and seek for divergences and 61.8%/76.4% fibo retracements.
Targets
TP and reversal point have been calculated on 261% FE of last correcton.
This is only theory...and hard to apply to real life
Questions ?
Disclaimer :
I just talk gibberish, dont take it personaly I dont know how to trade at all.
I have been asking to create separate thread so here i am.
I'd like to thanks to arezab for porting this strategy to MT platform.
Many of these informations u can find in my journal thread here which is closed and probably never be activated due lack of time.(maybe only long term trades one day we will see)
Main advantages of this system.
1 Accuracy are providing by emas(7,14,34,52,120,204 and SMA100 for Oanda and 7,14,34,52,98,180,250 for MT4) and fibs.
2 Confidence has been achieved by momentum and StochRSI indicators(never lied to me only I interpereted in wrong way) [Oanda stochRSI settings are 65,70,30]
3 Scalability because it does work on all TF.(lower TF less TP)
U can find template for MT4 in attachment below.
(template was reduced to only important emas and should works very well for all brokers on MT4 pllatform.)
First chart shows geppy daily TF
StochRSI
There are two important levels on stochrsi
0.25(25%) - bears territory border.
0.75(75%) - bulls territory border.
EMA 20 and these two levels are providing strong S/R levels.
Momentum
On momentum EMA 100 shows trend direction and provides major S/R level.
EMA 20 shows minor S/R level also provides acceleration of trend developement.
If EMA 20 crossed EMA 100 we have a change of short term trend.
We can easily call this "Death Cross"
Second chart shows entries in trend continuation on 3H chart.
We can easily follow the DC or to be more accurate and open trade when EMA 20 on momentum will change to resistance from support.
To be yet more accurate switch to lower TF's and seek for divergences and 61.8%/76.4% fibo retracements.
Targets
TP and reversal point have been calculated on 261% FE of last correcton.
This is only theory...and hard to apply to real life
Questions ?
Disclaimer :
I just talk gibberish, dont take it personaly I dont know how to trade at all.
