I have been trying this system from two weeks and it seems to be working better.
This is 10 pips trading system
When the rules are followed I experience about a 75% win rate, with very low risk.
This doesn't need any new or paid indicators. You can use the indicators present in mt4.
This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.
STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY
INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color
BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band
BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Source: https://www.forexbatch.com/thread-10-pips-a-trade-system
Target is middle Bollinger band
This is 10 pips trading system
When the rules are followed I experience about a 75% win rate, with very low risk.
This doesn't need any new or paid indicators. You can use the indicators present in mt4.
This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.
STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY
INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color
BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band
BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Source: https://www.forexbatch.com/thread-10-pips-a-trade-system
Target is middle Bollinger band
