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Re: MACD&RSI

macd & rsi, Mon May 07, 2018 6:14 pm

these are some of rules on this system trading , that I write again :

what we have here :
1 - bbsqueeze indicator
2 - 8 Ema Moving average ( yellow )
3 - 21 Ema Moving average ( white )
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Long Entry:
8 Ema should cross up the 21 Ema
BB Squeeze should be Fire (the middle dots have to be BROWN not GRAY)
BB Squeeze Momentum should be ON to the up side ( DARK GREEN )
TTM indicator should be Blue
and at the same time price retrace on 8 Ema
when price retrace on 8 Ema we should click to BUY while candle is steel open.

Short Entry:
8 Ema should cross down the 21 Ema
BB Squeeze should be Fire (the middle dots have to be BROWN not GRAY)
BB Squeeze Momentum should be ON to the down side ( DARK RED )
TTM indicator should be Red
and at the same time price retrace on 8 Ema
when price retrace on 8 Ema we should click to SELL while candle is steel open.

I use RSI with bollinger band and moving average for finding trend and support-- resistance and draw trend line . I use RSI in my all analyses and not just this system .

it can work for all time frame but best result is on 60 min (1 H ) time frame.
the stop loss can be place between 30 and 60 pip depending to support and resistance and fibonacci level and trend line. fist target is 30, then 50, 100, free its better to BE when we meet first target and take some profit.
I myself use it simultaneously . I find trend at H4 then find best entry and exit point at H1 .

TRADING is somehow like DRIVING , all of us have pedal gas and brake , but every body has his own way of driving .
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