you did If you haven’t make any profit during your
trading I can conclude that you hadn’t found the one
that suits you.
As I always say that there is no “holy grail” for all
traders But one simple strategy can be a real holy grail
for somebody. The difficult thing is only to choose
which one suits you among thousands of system / strategy.
Therefor, I still want to give you a time to choose
and practice some of them. In this short writing I give
you also A very simple strategy that I assume you can
make profit.
Let’s practice :
10 Minute Chart Day Trading Method
Please note: If you wish to trade this method on 5 minute
charts, you will need to double all of the indicators.
The (5 period WMA would be charted as 10, the RSI would
be set at 28 etc...)
Description: An intraday trend following trading method,
using the following indicators:
• 5 period WMA
• 10 period SMA
• Slow Stochastic (5,3,3)
• RSI (14)
• MACD (default)
Rules: Add the above indicators to your 10 minute chart.
Only take trades between 8AM-12PM EST and/or 2AM-4AM EST.
BUY the exchange rate when the 5 WMA crosses up past
the 10 SMA and the Stochastic is signalling up, RSI > 50
and the MACD histogram >0 and MACD averages crossed up.
SELL the exchange rate when the 5 WMA crosses down past
the 10 SMA and the Stochastic is signalling down, RSI<50
and the MACD histogram <0 and MACD averages crossed down.
Stop-Loss Level: 20 pips
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Happy trading
Debt Management
www.trapped.co.uk |
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