10 Pips A Day System
Timeframe: 1-hour.
In this system, we use 3 indicators:
1. 5-period Exponential Moving Average (EMA 5) applied to the Close.
2. 12-period Exponential Moving Average (EMA 12) applied to the Close.
3. 21-period RSI (RSI 21)
Entry Rules for Long Trades:
It’s simple. We enter a long trade when EMA 5 crosses EMA 12 to the upside… and RSI 21 > 50.
Stop loss = 20 – 30 pips… depending on the volatility of the currency pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less volatile pair, like EUR/USD, use stop loss of 20 pips.
Exit Rules for Long Trades:
Exit the trade when EMA 5 crosses back below EMA 12.
Or when RSI 21 < 50.
Or when price stalls at major resistance, trendline, pivot points, Fibonacci projection target.
Or when bearish engulfing patterns or inverted hammer patterns form.
Long Trade Example:
Entry Rules for Short Trades:
Enter short when EMA 5 crosses EMA 12 to the downside… and RSI 21 < 50.
Stop loss = 20 – 30 pips… depending on the volatility of the currency pair. For more volatile pair, like GBP/USD, stop loss = 30 . For less volatile pair, like EUR/USD, use stop loss of 20 pips.
Exit Rules for Short Trades:
Exit our short trade when EMA 5 crosses above EMA 12
Or RSI 21 > 50
Short Trade Example:
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May 28th, 2010
belajar forex 

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