F4N 020 The secret system FOREX Strategy for USDJPY H4, how to apply Simple Moving Average and Momentum.

This Forex system is a simple trend-following strategy. Take a signal by momentum indicators that modify with the Moving Average indicator. This is my personal and secret forex strategy system that I applied for two years ago, you never seen before, designed for MT4, MT5 (mobile and desktop versions) for USDJPY H4 only. And for the good results, you should be traded on London or New York sessions time. Please follow the chart setting carefully, that a simple step but don’t miss every setup. I use only basic indicators on MT4, MT5, mobiles and desktop platforms. If you want to trade with other pairs, other timeframes, you can adjust some of the indicators values and backtest the system too. This is the idea to create your personal forex trading systems. I hope that you can make a profit with your system good luck, thanks. Chart setting Indicators - Simple Moving Average - Momentum Time Frame - H4 Currency pairs USDJPY #F4N #Forex4Newbies

RSI signal with Smoothed MA and Accelerator Oscillator filter, FOREX strategy Entry rule example.

RSI signal with Smoothed MA and Accelerator Oscillator filter, FOREX strategy system F4N 019 (Part I) watch this video, first.

https://youtu.be/fQRJNow0LZo

RSI signal with Smoothed MA and Accelerator Oscillator filter, FOREX strategy system F4N 019

Today I will present the idea of making Forex trading systems, how to advance the Relative Strength Index (RSI) and Smoothed Moving Average indicator. Simply set up and following the trade rules. Let’s watching on the video clip.

This Forex system is the simple trend-following strategy, designed for MT4, MT5 (mobile and desktop versions) for all major currency pairs with a high timeframe (H1, H4, D1). And for the good results, you should be trading on London or New York sessions time.

I tested and showed you the strategy system of USDJPY, H1 chart, you can adjust some of the indicators values like RSI period, moving average period, moving average method, etc. to fit with your currencies chart, I hope this strategy idea will help you to create and develop your personal Forex Strategy System and sharing it to us, together. Good luck, thanks. 

Chart setting

Indicators

Moving Average, method: Smoothed, Period 100, Shift 1, Apply to Low.
Moving Average, method: Smoothed, Period 100, Shift 1, Apply to High.
Relative Strength Index (RSI) Period 14, Apply to Close.
Moving Average, method: Exponential, Period 200, Shift 1, Apply to First Indicator’s Data.
Accelerator Oscillation. Add levels 0.

Time Frame

 H1 and H4

Currency pairs

EURUSD and All major currency pairs

Strategy Rule

Entry Rules 

Buy

First rule

1. Waiting for the price crossed up SMA (high).
2. Check the RSI just above the EMA.
3. Check the AC must a green bar and above 0 levels.
4. Entry Buy when all conditions above are met.

Second rule

1. Waiting for the RSI crossed up the EMA.
2. The candle must close above the SMA (high).
3. Check the AC must a green bar and above the 0 levels.
4. Entry Buy when all conditions above are met.

Entry Rules 

Sell

First rule

1. Waiting for the price crossed down SMA (low).
2. Check the RSI just below the EMA.
3. Check the AC must a red bar and below the 0 levels.
4. Entry Sell when all conditions above are met.

Second rule

1. Waiting for the RSI crossed down the EMA.
2. The candle must close below the SMA (low).
3. Check the AC must a red bar and below the 0 levels.
4. Entry Sell when all conditions above are met

Exit Rules

Set the Stop lost price at the last lower/higher price (swing low/swing high), or when the price move on the opposite side and crossed the SMA channel.

Set the Take profit price with 1.5-2 times of Stop loss. Or use the fixed target depends on the time frame that your trading (about 20~30 pips for H1and 50~70 pips for H4 time frame).

FOREX strategy system trading with advanced Exponential Moving Average (EMA) of Relative Strength Index (RSI) F4N 021

Today I will present the idea of making Forex trading systems, how to advance the Relative Strength Index (RSI) indicator. Simply set up and following the trade rules. Let’s watching on the video clip. This Forex system is the simple trend-following strategy, designed for MT4, MT5 (mobile and desktop versions) for all major currency pairs with a high timeframe (H1, H4, D1). And for the good results, you should be traded on London or New York sessions time. I tested and showed you the strategy system of EURUSD, H4 chart, you can adjust some of the indicators values like RSI period, moving average period, moving average method, etc. to fit with your currencies chart, I hope this strategy idea will help you to create and develop your personal Forex Strategy System and sharing it to us, together. Good luck, thanks. Chart setting Indicators - Relative Strength Index (RSI) - Exponential Moving Average (EMA) Time Frame - H1 and H4 Currency pairs - EURUSD and All major currency pairs

Relative Strength Index (RSI).

Among trading’s most popular indicators, RSI (Relative Strength Index) stands out. That is for a good reason, because, as a member of the oscillator family, RSI can help us determine the trend, time entries, and more. That's why most trading software has it as a default tool, and it is only necessary to adjust it according to our needs.

What is the 'Relative Strength Index – RSI?

The relative strength index (RSI) is a momentum indicator created by noted technical analyst Welles Wilder. It measures the speed and change of price movements by comparing the magnitude of recent gains and losses over a specified period. Its primary use is to identify overbought or oversold conditions in the trading of an asset.

What makes it a momentum indicator is that it provides an evaluation of the strength of a security's recent price performance in a relative way.

Overbought and Oversold in RSI.

The standard interpretation of the RSI is that RSI values of 70 or higher show that a security is becoming overvalued or overbought, and there may be a corrective pullback in price or a trend reversal.

On the other hand, an RSI reading of 30 or under is usually read as a signal of undervalued or oversold conditions that may signal a trend change or corrective price reversal to the upside.

Think Beyond the Crossovers.

When traders first learn about RSI and other oscillators, they tend to gravitate to overbought and oversold values. But, these are intuitive points to get into the market on retrenchments and can be a mistake in robust trending environments.

That means extended trends can keep RSI overbought or oversold for long periods of time.
RSI is not different from mostly oscillator with a centerline found in the middle of the range at a reading of 50. It becomes a white crayon in a pencil case compared to the indicator itself.

The centerline is used by Technical traders to show shifts in the trend. If RSI is above 50, it means opportunities to buy the market. A drop below 50 would indicate the development of a new bearish market trend.

Like many other oscillators, RSI defaults to a 14-period setting. That means the indicator looks back 14 bars on whatever graph you may be viewing, to create its reading.

Despite 14 being the default setting, it is not always the best setting for your trading.
The use of a smaller period is regular among short-term traders, such as a 7 period RSI, to create more indicator oscillator. On the other hand, a higher period, such as a 25 period RSI, is opted for longer-term traders for a mother indicator line.

What are other useful tools to use with the Relative Strength Index (RSI)?

As the name implies, RSI simply measures the relative strength of the underlying market. Identifying reversals using RSI, it is necessary to add other tools like candlestick analysis or trend line analysis.
A typical example of this is if RSI is diverging while you are reading a reversal candlestick near a trend line, then you have a trading opportunity being generated.