RSI Bollingers +divergence 15 Min

i don't know what you mean by template?
do you mean instructions?
instructions are at the beginning of the thread.
please clarify

dude, with respect, what would be in the template, that i have not already stated at the beginning of the thread? do not let yourself be distracted. this system is simplicity itself, quite easily comprehensible, and is already working for some viewers who have tried it without a template.

if a template is 'de rigeur' for you, in all likelihood this system is not for you.

peace

hypnos63

no my friend
it means whole indicators and arrows(for example) and what ever you use and you see in monitor for this system ....saving as .tpl and then put it on first post with indicators
saly
best regards,

note: this bullish divergence was not taken till it was confirmed by the 14 EMA.

peace

hypnos63

with respect i will not be using a .tpl file.
simple instructions are at the beginning of the thread
i have answered many individual's questions in private messages and right here on the thread.

you're input is respected as was forexflash's but they are not part of my very simple system or presentation.

peace

hypnos63

there is a bearish divergence forming right now.

we will not take it unless.

a the 14 EMA turns down,
and
b. the RSI crosses its center Boll.

this link shows the different kinds of divergence.

http://www.trading-naked.com/Divergence.htm

this must first be understood.

then we use this system.

peace

hypnos63

is there just a sell signal ? at 1.4706....

I saw the RSI cross BOL middle line...

this was taken because

a. the 14 ema turned in favor

AND

b. the RSI crossed or had crossed its center boll.

siobi

yes. but for these reasons

a. bearish divergence. (see previous chart)
and
b. 14 EMA turned down.
and
c. RSI crossed its center boll.

they all go together. its not just a center boll cross. the 14 ema has to be in the same direction AND there has to be a divergence frist.

i have already made my money for the day and its only 1030 GMT.

peace

hypnos63

this is an excellent trading system that consistently yields high pips.

tools: 15 MIN CHART, 30 MIN CHART,
BOLLINGERS (20,2) on price,
BOLLINGERS (20,2) on RSI (use 'first indicator's' data)
14 EMA
160 EMA
RSI (4 period)
GBPUSD pair

does not need S&R (intrinsic to system)

works with regular and hidden divergence.


step 1

spot a divergence. (bullish or bearish, hidden or regular)
(yellow lines on charts)

step 2 make sure the divergence is in the direction of the 14 EMA
(red line on charts)

step 3. open position when(as) the RSI crosses its CENTER BOLL. (the CENTER BOLL cross eliminates fakeouts.)
(red arrow on charts)

step 4 exit with 80% after first 2 candles.
(red arrow on charts)

step 5 close position (20%) when 14 EMA turns against your position.

(red arrow on charts)

thats it!. works like a charm.it tactics can be modified to 'only take divergences that go in the direction of the 14 EMA &160 EMA for further
security.

go to this link

http://www.trading-naked.com/Divergence.htm

or http://www. babypips.com

for divergence basics

14 EMA turns at 1315 GMT

Hi,

Think I am being a bit thick here, but how do I get the BB onto the the RSI indicator? Hva eyou got some step by steps instructions for someone who is not too familiar with meta trader.

Thanks,

Siegi

Go To BB and click and drag to the RSI Section

open navigator window

click on bollinger bands.

drag to your RSI window

select 'first indicators data'

you're done.

the 160 EMA is down, but the 14 EMA is still flat.
so ..waiting

there have been some 20-30 pip moves, but the bollingers are a little constructed so there isn't much volatility.

holding off for now.

no need to take every single opportunity for a trade.

note i entered on the 14 EMA turn upward after divergence.

Thank you!!!

Hi Hypnos63

You're saying that your method is consistent..
Can you be little more specific...?
How long have you been trading this setup..
And on average how many pips are you making?

Thank you