10 Pips A Day Trading System

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:

10 pips system long trade 10 Pips A Day Trading System

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:

10 pips system short trade 10 Pips A Day Trading System

Tags:

panduan belajar forex, scalping forex, panduan forex trading, belajarforex, 10 pips a day, belajar scalping forex, 10 pips per day, 10 pips trading system, 10 pips, belajar trading emas
share save 171 16 10 Pips A Day Trading System

Related posts:

  1. WMA 5 and 20 Crossover with Filter
  2. EMA 8/21/55 Crossover and Parabolic SAR
  3. 10 Pips a Day Strategy
  4. 10 Pips Per Day Scalping Strategy
  5. 10 Cara Menghindari Kerugian Transaksi Forex
You can leave a response, or trackback from your own site.

Leave a Reply

Rahasia Sukses Amazon!!!

Powered by WordPress | Shop Free Phones at Bestincellphones.com. | Find the best CD Rates, Checking and Fat Burning Furnace Review
This site is protected by WP-CopyRightPro