Time Frame 1min.
Pairs: Eur/USD, GBP/USD.
Bands: set at (20, 3), Exponential.Moving Average 3 Exponential,MACD Histogram Study (6,17,8)Relative Strength Index Study set at 14.
Long entry:
Wait for the 3 EMA to cross up through from the 18 Bollinger Bands Middle line.
· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for
signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.
· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for
signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.
Short Entry:
Wait for the 3 EMA to cross down through the 18 Bollinger Bands Middle line.
· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for
signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.
· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for
signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.
Place Stop Loss for sell on upper band.
Profit Target
Place profit target on opposite band.
Profit target EUR/USD5-7 pips, GBP/USD7-9 pips
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