This Forex system is the one of my favorites trading systems ,it’s very simple trend following strategy, with simple trading rules and setting with only two basic indicators, designed for MT4, MT5 (mobile and desktop versions) for all EURUSD and GBPUSD pairs with high timeframe (H1, H4). And for the good results, you should be trade on London or New York sessions time.
Chart setting
Indicators
- RSI
- Moving Average
RSI period 7, apply to close, set Levels 30 and 70
Moving average method: exponential, period 100, shift 1, apply to first indicator’s data
Time Frame
- H1 and H4
Currency pairs
EURUSD and GBPUSD
Strategy rules
Entry rules
Buy
1. Waiting for the RSI cross up the EMA
2. The RSI must cross up the 30 levels within 5 previous bars, too.
3. Entry Buy when all conditions above are met.
Sell
1. Waiting for the RSI cross down the EMA
2. The RSI must cross down the 70 levels within 5 previous bars, too.
3. Entry Sell when all conditions above are met.
