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10 pips a day forex plano

admin~13.07.2018/Forex

If you have any questions or suggestions you are welcome to join our forum discussion about Combining RSI, 10 pips a day forex strategy Stochastic Oscillator and SMA . The current article will acquaint you with another useful and reliable trading system which is based on the combination of a slow Simple Moving Average, Full Stochastic Oscillator and Relative Strength Index. It uses tight stop-loss protection, while ensuring high potential profits by producing accurate entry signals. 10 pips a day forex plano is best practiced on a daily time frame to limit the effects of whipsaws and can be used with any currency cross.

The first condition which must be met to initiate a long entry is for the 150 SMA to be below the price action, thus signifying a bull trend. Conversely, a short entry signal is generated when the 150 SMA is above the price action, signifying a bear trend, and RSI and the Stochastic are in the overbought area. Stop-loss, profit target We said that this strategy offers a high degree of capital protection because it places stop-loss levels at the most recent swing low. At that point you can either exit the entire trade, scale out of it and use a trailing stop, or keep the entire position and trail your stop. The trailing stop is typically placed below the low of the previous bar in a bull trend, or above the high of the previous bar in a bear trend.